This contentious bill seeks to provide uniformity in expropriation procedures, as well as provide for the circumstances under which no compensation may be paid for any given expropriation of land. The bill will likely have to endure many challenges due to the likely economic impact of the bill if it becomes law. One serious concern arising from the bill is that it seems to include an attempt to make land speculation illegal, or at least invalid.
This implies that the speculator has to anticipate the demand/supply dynamics of the market they are in if they are to be successful. Therefore, successful speculators speed up the adjustment of market prices to the equilibrium price, the bad speculator will lose money while the good speculator anticipates future demand, and therefore helps sellers avoid selling their land for far less than what it would be worth.
This is a rubbish Bill 🤮🚮 anti black Bill 🤮🚮 VOETSEK, during the public hearings the dispossessed Natives said they want Expropriation of Land Without Compensation not this rubbish Nil Compensation to reinforce unchanged Section 25 of the constitution 🚮