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Displaying the 15 latest comments.
Submitted | first-name | support | concern | top-concern | message |
|---|---|---|---|---|---|
2026-07-22 18:24:13 +02:00 | P | No I do not | All of the above | Section 25 Rights: State Acquisition of Capital | We are not stupid! We know this is a deep state agenda of the social credit system and what the WEF stated that in 2030 we are all going to be happy while owning nothing. The South African government must not try us. If they think they’ve seen anything with the March on March about illegal migration (which is also the deep state agenda to push the digital identity when the citizens across the globe feel overwhelmed by illegal immigrants and ill they brought and do in countries the governments will present as the solution) they haven’t see anything. As South Africans, we’ll fight for our lives, our assets, our country and the future of the generations to come. |
2026-07-22 14:33:01 +02:00 | Robert | No I do not | Property Security: Attachment of Land & Title Deed Noting | ||
2026-07-21 16:12:17 +02:00 | Serati | No I do not | Property Security: Attachment of Land & Title Deed Noting | ||
2026-07-21 09:36:33 +02:00 | Derryth | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-07-20 21:01:23 +02:00 | Albertina | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-07-18 23:15:16 +02:00 | Ndumiso | No I do not | Regulatory Overreach: Defining 'Anything of Value' as Capital | ||
2026-07-18 15:00:19 +02:00 | Christian | No I do not | Property Security: Attachment of Land & Title Deed Noting | ||
2026-07-16 15:37:31 +02:00 | Louis | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-07-16 09:38:20 +02:00 | Farhana | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-07-15 16:55:34 +02:00 | Liza | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | 1. Unwarranted Extension of State Power Over Domestic WealthAsset Redefinition: Classifying general domestic property—including real estate, physical gold, and personal savings—under an exchange control framework is an irrational extension of regulatory scope.Domestic Overreach: Exchange controls are constitutionally intended to manage foreign currency flows, not to police, track, or inventory the local assets of law-abiding citizens inside South Africa.Erosion of Ownership: Redefining private wealth as "anything with a monetary value" legally shifts the status of personal property from an absolute right to a state-monitored privilege.2. Direct Violation of Section 25 of the Constitution (Property Rights)Arbitrary Deprivation: Granting enforcement officers the power to attach, freeze, or forfeit private property based purely on "reasonable suspicion" bypasses established judicial oversight.Lack of Due Process: The regulations allow for the seizure of assets before an independent court of law has proven any criminal wrongdoing or intent to illegally export capital.Unchecked Enforcement: Broad search-and-seizure provisions create an environment ripe for administrative abuse, leaving property owners with minimal immediate legal recourse.3. Economic Devaluation and Institutional RiskDeterring Wealth Creation: When citizens fear that their homes, investments, or physical assets can be easily targeted by state mechanisms, local capital accumulation stops.Undermining Title Security: The draft destabilises the legal predictability required for long-term investments, such as commercial property development and infrastructure projects.Destruction of Market Confidence: South African property markets rely on stable, clear legal frameworks; introducing aggressive state attachment powers will trigger a downgrade in investor confidence. |
2026-07-14 13:57:07 +02:00 | Cecilia | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | Providing the Treasury to “attach” assets based on mere suspicion—without a criminal trial — is a violation of property rights. Compelling citizens to hand over private keys and passwords and granting enforcement officers the power to search personal devices for digital “control” at borders is a massive violation of the Section 14 right to privacy. |
2026-07-12 23:02:06 +02:00 | Pieter | No I do not | All of the above | Section 25 Rights: State Acquisition of Capital | |
2026-07-09 17:16:30 +02:00 | Callie | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-07-09 09:34:40 +02:00 | Rachel | No I do not | Property Security: Attachment of Land & Title Deed Noting | ||
2026-07-09 07:12:49 +02:00 | Larry | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting |
Supporters of the draft regulations, primarily the National Treasury and the South African Reserve Bank (SARB), argue that these changes are a vital step toward a modern financial system.
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- Modernizing Outdated Laws: The current regulations are over 60 years old and were written long before the internet or digital assets existed. Moving to a “risk-based” system allows the State to focus on high-risk, high-value movements of money rather than policing every small transaction.
- Global Security & Compliance: To stay off international “grey lists” (like FATF), South Africa must prove it can track and stop money laundering and the financing of terrorism. Explicitly regulating crypto assets as “capital” closes a loophole often used by illicit actors to move wealth undetected across borders.
- Protecting the South African Rand (ZAR): Uncontrolled capital flight—where billions in value leave the country via digital wallets—can destabilize the national currency. These regulations ensure the State has the visibility needed to manage economic stability.
- Building a Regulated Fintech Industry: By creating a formal “Authorised Crypto Asset Service Provider” (ACASP) category, the State is providing a legal pathway for legitimate businesses to operate, which they argue will actually attract institutional investment.
Opponents, including civil society groups, legal scholars, and “Bitcoiners,” argue that the draft is a radical overreach that compromises the Bill of Rights.
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- A “Privacy Death-Knell”: Granting enforcement officers the power to search personal devices for digital “control” at borders is viewed as a massive violation of the Section 14 right to privacy.
- Forced Self-Incrimination: Regulation 25(5), which compels citizens to hand over private keys and passwords, is highly controversial. Critics argue this forces individuals to provide the evidence for their own financial “prosecution,” violating Section 35 of the Constitution.
- De Facto Expropriation: The power of the Treasury to “attach” assets based on mere suspicion—without a criminal trial—and the ability to force the sale of private crypto into ZAR is seen by many as a violation of property rights.
- Stifling the “Digital Gold” Economy: Critics argue that treating a borderless technology like Bitcoin as if it were physical gold will drive innovation and young tech talent out of South Africa. They fear these “permission-based” rules will make South Africa an uncompetitive “digital island”.