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Clarification desired from banking institutions on loans and expropriation without payment – Daily Friend

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Clarification desired from banking institutions on loans and expropriation without payment – Daily Friend

The Institute of Race Relations launched an open-letter campaign week that is last prominent banking institutions in Southern Africa to make clear the implications of expropriation without payment. Just just What the IRR wants to understand is; who does pay back bonds of property that gets expropriated, the banking institutions or the home loan owner? Aided by the debt-to asset ratio into the agricultural sector being especially high; it may show to be a tricky situation in the event that state chooses to expropriate farms. Continue reading

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