Question NW2646 to the MINISTER OF RURAL DEVELOPMENT AND LAND REFORM
09 November 2018 - NW2646
Robertson, Mr K to ask the MINISTER OF RURAL DEVELOPMENT AND LAND REFORM
What are the details of (a) the criteria used by the Valuer-General when evaluating properties earmarked for expropriation, (b) scenarios available on all properties valued and (c) how the price for properties that are earmarked for expropriation are determined?
Reply:
(a) All valuations for land reform are carried out in terms of Section 12 of the Property Valuations Act, 2014 (Act No. 17 of 2014). The criteria for determining the value is as follows:
“value” for purposes of section 12 (1)(a), means the value of property identified for purposes of land reform, which must reflect an equitable balance between the public interest and the interest of those affected by the acquisition, having regard to all the relevant circumstances, including the-
- current use of the property;
- history of the acquisition and the use of the property;
- market value of the property;
- extent of direct state investment and subsidy in the acquisition and beneficial capital improvement of the property; and
- purpose of the acquisition.
(b) Not applicable.
(c) The values of properties earmarked for land reform are determined using the criteria as outlined in part (a) above.