The Latest Economic Freedom Report Shows a Worrying Decline of Property Rights in SA
Perhaps most worrying for South Africa is that this rapid decline in property rights began prior to the potential constitutional amendment to section 25 of the Constitution, which could allow for the expropriation of property without compensation. If enacted, this amendment would further undermine property rights in the rainbow nation.
Property rights are important for an immeasurable number of social and moral reasons, but one of their clearest benefits is their impact in boosting economic prosperity. Almost without exception, economies that have stronger property rights drastically outperform their counterparts with weaker property protections.
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