Question NW1266 to the Minister of Rural Development and Land Reform
05 June 2017 - NW1266
Steyn, Ms A to ask the Minister of Rural Development and Land Reform
Whether the Office of the Valuer-General was involved in any of the transactions involving the (a) acquisition and (b) transfer of land undertaken by his department since the Valuer-General’s appointment; if not, why not; if so, (i) what are the relevant details of the transactions and (ii) in each case, (aa) what were the values of the transactions and (bb) to what extent were these values (aaa) less or (bbb) more than the estimated market value of the property?
Reply:
Response:
a) Yes
b) Yes
Response to (i), (ii), (aa), (aaa) (bbb) on table below.
|
PROGRAMME |
ESTIMATED MARKET VALUE |
OVG DETERMINED VALUE |
DIFFERNCE |
|
LAND REDISTRIBUTION AND DEVELOPMENT |
R 116,866,011.00 |
R 98,264,000.00 |
R 18,602,011.00 |
|
STRENGTHENING OF RELATIVE RIGHTS |
R 218,457,051.64 |
R 176,651,900.00 |
R 41,805,151.64 |
|
RESTITUTION |
R 250,376,449.00 |
R 226,205,265.96 |
R 24,171,183.04 |
|
Total |
R 585,699,511.64 |
R 501,121,165.96 |
R 84,578,345.68 |