Rather than providing a cautionary example, however, Zimbabwe remains an inspiration for some in South Africa, including supporters of Julius Malema's Economic Freedom Fighters (EFF) party, a small opposition party whose radical rhetoric has managed to reframe political debate around the issue.
An overwhelming 241 MPs voted in favour of the bill while only 83 voted against.
"The time for reconciliation is over; now is the time for justice", Malema told Parliament.
"There is no doubt about it, land shall be expropriated without compensation".
Whites still own most of South Africa's land following centuries of brutal colonial dispossession.
President Cyril Ramaphosa made a similar commitment in his inaugural State of the Nation Address earlier this month, saying, "We are determined that expropriation without compensation should be implemented in a way that increases agricultural production, improves food security and ensure that the land is returned to those from whom it was taken under colonialism and apartheid".
Parliament's Constitutional Review Committee will meet to consider the decision and will report back to the National Assembly on changes to Section 25, the so-called "property clause", by the end of August. "All our people ever wanted was their land to which their dignity is rooted", said Malema.
Magushule said the land reform programme must have clear targets and time frames.
The only parties who did not support the motion were the DA, Freedom Front Plus, Cope and the ACDP. If the grandchildren of Jan van Riebeeck [Dutch commander who claimed the Cape in 1652] have not understood that we need our land back, then they have failed to receive the gift of humanity..
The EFF is now preparing to put forward a motion of no confidence in the current Nelson Mandela Bay mayor, Athol Trollip, following the DA's refusal to vote for the amendment of the Constitution.
Crosby emphasised that financial institutions are substantially invested in the agricultural sector and that expropriation without compensation will also impact negatively on the banking sector.
The ruling party used paramilitary thugs to push white farmers - and black farm workers - off the land, murdering many in the process.
Political analyst Professor Somadoda Fikeni said the ANC was likely to "substantially" support the EFF's idea.
According to the Mail & Guardian, she said, amending the Constitution was the ANC's way of diverting attention from its failure to redistribute land.
"This thing is going to court, make no mistake".