Latest news

Agri SA wants market value for expropriated land

Businesses wanting to invest in SA are concerned that the Bill does not gaurantee market value remuneration for properties. ( Madelene Cronje, M&G)

29 July 2015


Businesses wanting to invest in SA are concerned that the Bill does not gaurantee market value remuneration for properties. ( Madelene Cronje, M&G)

Businesses wanting to invest in SA are concerned that the Bill does not gaurantee market value remuneration for properties. ( Madelene Cronje, M&G)

By Emsie Ferreira

The amount of compensation farmers are paid for land expropriated by the state should be as close to the market value of their properties as possible, agricultural industry association Agri SA said on Wednesday.

Agri SA legal and policy adviser Annelize Crosby praised government attempts at providing a clearer, more legally sound process of expropriation while briefing Parliament’s public works committee during public hearings on the Expropriation Bill, which is meant to replace the 1975 Expropriation Act. But she said the association had serious concerns about how the compensation to farmers affected by expropriation would be calculated.

Read the full article from Mail&Guardian.

Leave a Reply

%d bloggers like this: