When South Africa officially became a constitutional democracy in South Africa on 4 February 1997 it heralded profound change in the way the country is governed.

 When South Africa officially became a constitutional democracy in South Africa on 4 February 1997 it heralded profound change in the way the country is governed.

South Africa’s 2020 large agricultural output, coupled with higher commodity prices which were precipitated by the weaker domestic currency, further linked with growing global demand, improved farmers’ finances somewhat.

President Cyril Ramaphosa has often stressed that there will be no ‘land grabs’ in South Africa. But the pending constitutional amendment bill to allow expropriation without compensation (EWC) and the new Expropriation Bill of 2020 will ensure that the government becomes the biggest land grabber of all.

The South African government recently announced a plan to allocate 700,000 hectares of state land to black farmers. Exactly how many farms and beneficiaries this will involve is unclear.

Modern Monetary Theory, or MMT as it is often called, is a new term for an old idea.