I have a surprise for Mr Malema. Africans own 7,66 million houses (1st houses only) and Whites own 730 000.
The other two population groups combined own as many as dwellings as whites. If the state expropriation without compensation then the state will take 10 times more homes from Africans than Whites.
In total 56% of the value of 1st houses belong to Africans. Only 33% belong to the white population group. So nearly twice the value will be taken with EWC from Africans.
The Old Apartheid Masters will be laughing as Mr Malema impoverishes Africans yet again.
These Numbers come from the detail of the General Household Survey 2016 and change every year.
Moreover, 22% of Africans own second homes and far less than 10% of white folk do.
Mr Malema has made a big mistake if he thinks Africans want to give their homes to the state. He will feel that at the ballot box!
Mike Schussler
Read the original article on Front Nasionaal SA
South Africa Today – South Africa News
