Latest news

“South Africa Land-Price Court Ruling Seen Deterring Investment” – Bloomberg

08 July 2016

By  Tshepiso Mokhema

“A ruling by a South African judge saying the state must pay a landowner less than the ground’s market value in an expropriation claim may deter further investment by farmers, a Barclays Africa Group Ltd. economist and the biggest industry lobby group said.

A Land Claims Court judge ruled this week that the Department of Rural Development must pay a farm owner 1.5 million rand ($102,000) for 45 hectares (111 acres), less than the 1.8 million-rand market value of the ground over which a worker lodged a claim, the Johannesburg-based Times reported Friday.” – Bloomberg

Read the full article from Bloomberg.

Leave a Reply

%d bloggers like this: