Question NW2430 to the Minister of Rural Development and Land Reform
18 September 2017 - NW2430
Robertson, Mr K to ask the Minister of Rural Development and Land Reform
(a) On what date was the last validation done of Unit 2 of farm Papkuilfontein No: 469 JR (deed: T32900/1985) in the Thembisile Hani Local Municipality district in Mpumalanga and (b) what was the property valued at?
Reply:
(a) The farm Papkuilfontein 469 JR was acquired by the then South African Development Trust during 1989 to be incorporated into the former Homeland of KwaNdebele, and is held vide Title Deed No T32900/1985. The farm Papkuilfontein 469 JR (including Unit 2 of the farm Papkuilfontein No: 469 JR has been under the management and control of Government since 1985 until the date of transfer to the claimants. These properties have not been valued since registration in the name of the Republic of South Africa during 1985. As a cost cutting measure the Department of Rural Development and Land Reform’s Mpumalanga Regional Land Claims Commission conducted “comparable sales” to establish the comparable value of the farm in question.
(b) The comparable sale done was with the farm Wolvenkop 192 JR where a valuation report was done in 2012. According to the valuation report done, the price of the farm Wolvenkop was between R4100 to R9000 per hectare at that time. The conclusion of the independent valuer was at R2 970 000.00 for the farm Wolvenkop 192 JR, in extent of 762.2389 hectares of natural grazing. Another farm in the same area of Papkuilfontein 469 JR, where comparable sales value was used, was the farm Waterval 34 JS, where the independent valuer arrived at a value of R2500 to R5000 per hectare. The conclusion of the independent valuer was at R400 000.00 for 137.8533 hectares in extent.