Economic Freedom Fighters (EFF) leader Julius Malema says land expropriation without compensation will include land on which bonded houses have been built.

“Never quite sure what this chap is actually saying half the time. Still – he never ceases to be crazy.” – Video by Starbird Disagrees

“We are nationalising the land and everything that comes with the land underground‚ not these things on top. If you’ve got a bond‚ we will talk to the bank that we have taken the land. [We will ask the bank] how much was the land and they will tell us and we will say that is gone without compensation. You will be left with [only] the bond of the house.

“We’ve never said we are nationalising the houses. We are nationalising the land.

“If you have a bonded house‚ you must continue to pay but we will give you a discount because we have taken that debt away from you. We are not going to pay any bank‚” Malema said.

Read more on Times Live – Malema: Land expropriation includes the land under your bonded house

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