Agricultural union TLU SA formally handed in its comment against the amendment of the existing Expropriation Invoice (Act 63 of 1975) final week. The deadline for comment modified into as soon as extended from February 10 to February 28.
In its comment TLU SA proposes that the invoice must quiet be rewritten to present handiest for the expropriation of property when it is miles wished for infrastructure building, and then at market prices.
The imprecise wording of the amendment opens the gate for the federal government to expropriate any property below the guise of public interest without compensation
“Right here shall be the most quick-sighted section of regulations that shall be delivered to the table,” mentioned TLU SA president Henry Geldenhuys. “It cancels out any possibility of getting the country’s economy wait on on goal. The government must quiet admire market forces and deepest property rights because the inspiration and starting point for financial growth.”
TLU SA’s proposal emphasises that the imprecise wording of the amendment opens the gate for the federal government to expropriate any property below the guise of public interest without compensation.
“The sing must contain the energy to expropriate for infrastructure building, and regulations must quiet present for this, in other phrases, expropriation for a public motive,” mentioned Geldenhuys.
“The existing sincere owner must quiet be somewhat compensated, which in fact methodology that the owner must quiet be in a position to recreate their business in a distinct situation. When the outline of public interest is as wide and imprecise as in this proposed amendment, pensions, homes and investments will additionally be up for the taking without any compensation.
No investor of sound mind will sustain in mind investing in a rustic where property shall be expropriated left, sincere and centre
“For the economy to contain any likelihood at recovery, the country urgently needs international investment. But no investor of sound mind will sustain in mind investing in a rustic where property shall be expropriated left, sincere and centre. We’re looking to create it clear that because the invoice currently stands, the attainable utility thereof shall be catastrophic for the strategy forward for our country and its citizens.”
The public has unless the tip of the month to comment on the proposed amendments to the Expropriation Invoice. TLU SA created a platform where South Africans can add their comment. These comments will additionally create segment of TLU SA’s verbal presentation to the parliament.
“It is of the utmost importance that the public conceal their opposition by taking segment in the job of commenting,” Geldenhuys concluded. “The Expropriation Invoice is handiest the begin.”
Find the platform at this link: https://www.tlu.co.za/en/expropriation-invoice/