South Africa's government has begun seizing land from white farmers, targeting two game farms in the northern province of Limpopo after talks with the owners to buy the properties failed.
While the government says it intends to pay owners, Akkerland Boerdery wanted 200 million rand ($18.7 million) for the land — they’re being offered just 20 million rand ($1.87 million). If this "redistribution of wealth" goes ahead, it would be the first time the state will refuse to pay market value for land. Since the end of apartheid in 1994, the ANC has followed a “willing seller, willing buyer” process to redistribute white-owned farms to blacks.
The South African government is pushing ahead with plans to amend the country’s constitution to allow for the expropriation of land without compensation.
The seizures are intended to push the envelope and the ability of the South African government to take land force-ably under existing laws, which the ruling African National Congress has previously stated is allowable if “in the public interest”.
I don't pretend to understand the hundreds of years of history behind all of this. I do know that taking capital from one group of people and giving it to another through the force of government is just another form of theft and violence. I also know that this same thing was tried in Zimbabwe in the 1990's and today the country's corn production is down nearly 80% from the 1980's and its Wheat production is down even more than that while the rest of Africa continues to increase its farm output. It has nothing to do with skin-color and everything to do with generations of local farming & capital management knowledge that is not instantly transferable.
It also lead to the first 21st century currency hyperinflations of the modern era only to seemingly be outdone by socialist paradise Venezuela this year.
If the government of South Africa charges ahead with these plans, its painfully obvious from an Austrian Economics perspective that this will lead to similar results. It will lead to increased poverty for all people of South Africa and decreased output across all industries as the country spirals into a basket case.
This will also lead to decreased outputs of Precious Metals including Gold and Silver. It will also hit outputs of Platinum, Palladium and Rhodium. This could lead to a spike higher in prices especially in Rhodium and it would be my favorite commodity play here followed closely by Platinum.
Nearly 75% of the worlds supply of Rhodium comes from South Africa (15-20% comes from Russia so its a politically vulnerable supply) On a percentage basis, I think in a basket case scenario, it stands to gain the most.
I am Lord 
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