During his first official visit to Africa, U.S. Secretary of State Mike Pompeo warned against the South African government’s plan to amend the country’s constitution to allow for the economically illiterate policy of land expropriation without compensation.
Speaking to the United Nations Economic Commission for Africa in Addis Ababa, Pompeo noted that such a policy “would be catastrophic for the South African economy and the country’s population.” Property rights and strong rule of law, he added, is necessary for the economic growth of all African nations.
He’s right. But the South African government isn’t listening….
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