Expropriation bill allows for seizure of land used merely for investment purposes

  • 📰 IOL
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Italia Notizia Notizia

The government has published the long-awaited Expropriation Bill that is meant to repeal existing apartheid era legislation and determine when land can be expropriation without compensation.

The bill will amend the conditions under which the state can lay claim to land in the public interest, and marks a shift from the narrow focus of the Expropriation Act of 1975 on the market value of expropriated land and the actual loss to the owner.

In terms of the bill, land can also be seized if the actual market value of it is the same or less than the value of a state subsidy in regard to it. Replacing it with post-apartheid legislation was therefore long overdue, she said. The current law is seen as protecting property rights acquired during the colonial and apartheid eras, and the bill crucially allows for compensation for those with unregistered rights to a property when it is expropriated by the state.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Elections looming😂😂😂😂

Question to be asked is what gets done with this land once it's stolen? Who sees that its put to good use? Who makes sure those using it know what they're doing? Or will it become another run down and ruined bit of land?

In other words, stolen

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 46. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Executive upgrade could help Balwin attract investmentBalwin Properties is going to need hundreds of millions of rand to build its Mooikloof Mega City
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »