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A guide for those looking to invest in private property.
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The hype may have died down but the reality is that, sooner rather than later, the government will most likely push forth the amendment of Section 25 of the Constitution to allow for land expropriation without compensation.
Things have moved rather swiftly since the adoptation of the joint constitutional review committee’s report and recommendations into Parliament.
Read – Leaked report: The application of land expropriation without compensation
An ad hoc committee was set up in December to oversee the process from there onwards and now we have a general idea of the types of land the government will look to expropriate without compensation.
According to the draft bill, the government will reserve the right to expropriate the following types of land:
What then would be the risks involved in purchasing private property or land without the knowledge of whether or not it has been earmarked for expropriation?
Read – Land expropriation: What’s likely to happen from here on
The question was put forth to Lwazi Mtshigo on Cape Talk. Mtshigo is a researcher at the Socio-Economic Rights Institute of South Africa, and according to his expertise, this should not even be an avenue the government explores.
“It’s inconsiderable for government to take people’s private property or any land that is considered profitable or useful… so I don’t see any reason why people should have any fear,” he stated.
Mtshigo stated that in the event that the government earmarks land for expropriation, people still have the Constitution available to them for protective measures.
Read – Land Expropriation: Your complete guide to what will happen in 2019
You can listen to the rest of what Mtshigo had to say on the matter below.