The decision of the DA's national leadership to support the ANC's Restitution of Land Rights Amendment Bill is politically reckless. With this move the party has placed property rights, free market principles and food security at risk in an opportunistic and short-term effort to win new votes.
Long after the results of the 2014 elections have faded in memory, however, ordinary South Africans will still be paying the price for this legislation. The decision by the DA leadership to support this Bill lends false credibility to the radicalisation of the ANC's economic policy. Property rights are fundamental to any successful economy, and undermining them will eventually lead to economic implosion.
We have an example on our doorstep: In Zimbabwe the assault on property rights led to skyrocketing inflation which completely destroyed the value of its currency and resulted in an unemployment rate of 90%.
The ANC's systematic effort to erode property rights, now aided and abetted by the DA leadership, must inevitably deter further investment in South Africa. This is something no country can afford, and especially ours, given the current economic uncertainty brought about the recent violent strikes and protest action.
The support of the DA leadership of a political policy which threatens food security is especially irresponsible towards the poor - the very people whose support these policies are meant to secure. Investors will not put money into an agricultural environment which faces protracted land claims. Production will be stymied and job opportunities will be lost. Less food also means more expensive food.
One must also wonder where the national leadership of the DA now stands in terms of its traditional voters. These voters supported the DA in good faith during previous elections, thinking that their vote for the official opposition acted as a counterbalance to destructive ANC policies. These included the ruling party's disregard for property rights. This sudden about-face by the DA leadership is not compatible with the legitimate expectations of their supporters