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%

المملكة العربية السعودية أخبار أخبار

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.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

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

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 46. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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