Article

2018-09-03 Africa Subsaharan

Bank Tells South African Farmers They Will Have to Pay Debts for Property Seized by the State

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Posted by Besoeker 2018-09-03 00:00|| || Front Page|| [3 views ] Top

#1 You cannot be serious!

Posted by John McEnroe 2018-09-03 00:31|| 2018-09-03 00:31|| Front Page Top

#2 Or what? You'll repossess their farms?

Posted by SteveS 2018-09-03 00:46|| 2018-09-03 00:46|| Front Page Top

#3 Following a similar path as banks did here during the farming crisis of the 1970's. Sheriff's auctions were held to sell off 'no longer needed' tractors and implements, the proceeds going to the lending institutions.

Posted by Besoeker 2018-09-03 02:50|| 2018-09-03 02:50|| Front Page Top

#4 The same thing happened in Zimbabwe, the farmer loses his land and goes broke.

Posted by bernardz 2018-09-03 05:23|| 2018-09-03 05:23|| Front Page Top

#5 When government grabs your farm I assume you don't get to drive the tractor away. This seems like the bank trying to get their cut of the land grab so they don't lose everything as well.

Posted by ruprecht 2018-09-03 13:33|| 2018-09-03 13:33|| Front Page Top

#6 Kind of like civil forfeiture laws in the US. Gov takes your money. Never charges you with any crime. You can have it back if you can afford to hire a lawyer...

Posted by Iblis 2018-09-03 16:18|| 2018-09-03 16:18|| Front Page Top

#7 Wrong answer. The piece of shit country that took the farm pays the note.

Posted by newc 2018-09-03 17:16|| 2018-09-03 17:16|| Front Page Top

#8 "... farmers are warned that their debts will have to be paid in full even after their property is confiscated by the government."

Posted by Anomolous Sources 2018-09-03 18:00|| 2018-09-03 18:00|| Front Page Top

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