Didiza warns against land price inflation by owners | SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Land Reform Minister Thoko Didiza says this sometimes happens with the assistance of various parties, including some of the owners and valuators.has warned against the inflation of land prices when government has to buy land from private owners, calling this corruption.

Didiza says this sometimes happens with the assistance of various parties, including some of the owners and valuators. She was speaking during her closing remarks when she responded to the debate on her department’s budget vote in Parliament. “There has been instances where some land owners have inflated prices, working in collusion at times with valuators, sometimes working with financial institutions and at times working with our officials to ensure that they increase the value of the assets. And that is corruption. It doesn’t matter whether it’s done by the Western Cape government to promote share equity schemes or national government. The truth is even in those instances we need to deal with the corrupt practices,” says Didiza.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africans are negative - Baxter - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Bafana Bafana coach Stuart Baxter says South Africans are negative about their national team. He was speaking at the arrival of the national team from African Cup of Nations in Egypt on Saturday.
Source: SABC News Online - 🏆 32. / 51 Read more »

Mbeki Foundation refutes Zuma's allegations - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Thabo Mbeki Foundation has refuted former President Jacob Zuma's testimony that his predecessors; namely Nelson Mandela and Thabo Mbeki, had close relations with the controversial Gupta family.
Source: SABC News Online - 🏆 32. / 51 Read more »

Police investigating Batchelor's murder - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Police have confirmed that they are investigating a case of murder following the death of former professional footballer Marc Batchelor.
Source: SABC News Online - 🏆 32. / 51 Read more »