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“Minister’s devilish formula for property valuation in restitution cases unpacked” – farming portal

19 May 2017

By Dr Anthea Jeffery

“Under a formula devised by Gugile Nkwinti, minister of rural development and land reform, the value the state assigns to property targeted for land reform will generally be about half of market value. It could often also be zero. Dr. Anthea Jeffery is Head of Policy Research at the IRR. This formula is to be found in draft regulations recently gazetted by Mr Nkwinti under the Property Valuation Act of 2014, which took effect on 1st August 2014…” – farming portal

Read the full article from farmingportal.

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