Cape Town – The fact that the Free State Matjhabeng municipality has agreed to hand over 139 farms as security for its R3.4 billion Eskom debt shows that expropriating land without compensation isn’t necessary.
’’Municipal ’farms’ are probably a small proportion of all government land. The government, especially through municipalities, owns an unknown amount of mostly derelict land, especially ’reserved’ land, which could and should be redistributed before private property is seized. ’’If farmed, by whom? If not, why not? What will be done with them by Eskom? Will it start farming, sell the farms, or redistribute them? Will the government subject them to EWC? If not, why not?
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Eskom takes 139 farms from Free State municipality as security against R3.4bn debtThe Matjhabeng local municipality in the Free State province has handed over 139 farms to state power utility Eskom as security against the council’s more than R3.4 billion debt.
Source: IOL - 🏆 46. / 51 Read more »
Eskom given farmland worth R2.5bn as security for municipality's debtThe Matjhabeng local municipality in the Free State has agreed to hand over 139 farms it owns as security on debt owed to Eskom.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Eskom takes 139 farms from Free State municipality as security against R3.4bn debtThe Matjhabeng local municipality in the Free State province has handed over 139 farms to state power utility Eskom as security against the council’s more than R3.4 billion debt.
Source: IOL - 🏆 46. / 51 Read more »