When even Zimbabwe has started to realise how stupid the farm grabs were, you have to wonder how insane the South African government is to pursue the same policy.
It might not actually be the same policy. But that's part of the problem - nobody really knows what the government's plan is regarding land expropriation.
I'm certainly no expert on the matter, but my understanding is that the South African Constitution already allows for the possibility of expropriation without compensation, and recent discussions in parliament are seeking to clarify certain issues around that form of expropriation. But the question is what happens once that's been done?
I have read suggestions that the government may actually end up doing very little (or maybe not even any) expropriation without compensation and it's more of a political move ahead of next year's elections, hoping to lure voters away from the EFF (a breakaway party who have been pushing the land issue). But we'll never know if that's the true motivation as they're not going to come out and say it.
There have also been comments made by a high-ranking party member that the way expropriation could be carried out would be to cap the size of farms at 12,000 hectares, and any farms larger than that would lose the excess land. While I'm still against the idea, that does sound like a more reasonable way of doing it than taking away entire farms, although I have absolutely no clue how big 12,000 hectares actually is, so I don't know if this is at all feasible. And even though this has been said, we don't know whether this will be actual policy or it's just an opinion.
There has been a list made public of 195 farms which it's claimed are being targeted for expropriation (I'm not sure whether that's with or without compensation), but it wasn't released by the government, and they are naturally denying its validity. I don't know how many farms there are in South Africa, but Google did throw up numbers greater than 100,000 - in which case 195 is a very small percentage, and while it obviously could be disastrous for the owners of those farms it may not have such an impact if it stops there. That is assuming it stops there, and of course there's no guarantee that it will.
And even though the article linked to in the OP claims to be about expropriation without compensation, I'm not so sure that it is. My reading of the article is that the farms mentioned have been under negotiation for a number of years but they've failed to come to agreement on just how much should be paid for the land, with the government now looking to try to force the owners to accept what's been offered, but it is still worrying that they'll do that.
I hope this doesn't come across as me supporting expropriation without compensation, as I don't because I think it's a bad idea. What I am trying to do is to look for a glimmer of hope in the mess as there have been indications that it might be handled sensibly. But no matter where in the world you live, you'll probably agree that "government" and "sensibly" don't always go hand in hand.
So really for now there's just a whole lot of uncertainty, and it could be that the speculation is doing far more damage than the expropriation ever will. Or it could be that dark days are ahead for the country...