July 02 2008 at 10:34AM
The Expropriation Bill has negative consequences for South Africa and will leave the country lagging behind successful economies, a group of concerned parties said on Wednesday.
The interim committee for the defence of property rights said the bill was based on the perception that white South Africans had no moral right to own land.
The group, consisting of organisations and political parties Agri SA, Afriforum, the Afikanerbond and the Democratic Alliance, said it would address the implications of the bill at a number of conferences in July.
Other members included the FW de Klerk Foundation, the ACDP, the Agricultural Employers Organisation and the National Taxpayers Union.
It said the expropriation of white-owned property at less than the market value was not justifiable.
"The bill is based on the false perception that white South Africans have no moral right to ownership of land in particular, but also property in general, as everything they possess is the result of wrongful deprivation," the group said. - Sapa