Question NW2346 to the Minister of Agriculture, Land Reform and Rural Development
20 June 2023 - NW2346
Masipa, Mr NP to ask the Minister of Agriculture, Land Reform and Rural Development
What are the full relevant details of the (a) purchase of a farm belonging to Fortuinskolk of the Rossouw Olivier Familietrust in Carnarvon that was sold to the Government, (b) comparative market values and prices of the farms that were sold in the Carnavon area between 2014 and 2023, (c) indicators that the farm was bought within the realistic market value and (d) reasons for staying within the market values?
Reply:
a) The farm belonging to Fortuins Kolk of the Rossouw Olivier Familie Trust (IT1990:2004) in Carnarvon was purchased in line with the Provision of Land and Assistance Act, Act 126 of 1993, using the Proactive Land Acquisition policy (PLAP) on 13 January 2023.
b) The comparative market values and prices of the farms that were sold in the Carnavon area between 2014 and 2023 are reflected in Annexure A: Comparable Market Values and Prices.
c) The indicators that the farm was bought within the realistic market value are based on the value determined by the Office of the Valuer-General in terms of the Property Valuation Act 17 of 2014 (PVA) of 2014:
The OVG price determination table:
|
Property description |
Portion 2 of Farm Fortuins Kolk 37, Carnarvon RD |
|
Land use |
Grazing and irrigated land |
|
Extent |
3509.2669 Ha |
|
Carrying capacity |
32ha/LSU |
|
Water sources |
Boreholes and dams |
|
Fixed improvements sizes |
±695 m² in total |
|
Current use value |
R4 057 818.38 |
|
Market value |
R18 161 321.00 |
|
PVA value |
R11 110 000.00 |
d) The agreed purchase price of R11 110 000.00 is based on the provisions of the Property Valuation Act 17 of 2014 (PVA) and PVA Regulations.