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Land Expropriation without compensation – New Draft Expropriation Bill 2019


International Valuation Standards in the South African Context


So, you thought a Constitutional amendment to Section 25 of the Constitution was necessary for expropriation without compensation. Think again and you may already have been caught off-guard. The Department of Public Works, through Minister Nxesi published and invited comments within 60 days of publication of the Draft Expropriation Bill 2019 in the Government Gazette 21st December 2018. This will no doubt be rushed through in time for the elections as a Constitutional change will probably require more time.

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Last month, in view of his extensive International Valuation Standards Committee background representing the Institute, Robin Martin was asked to provide a quotation for use in its developing IVSC campaign to highlight the growing importance of IVS around the world, through social media and presentations given by IVSC representatives.  As a result of this IVSC approach, the Institute has since requested Robin Marten to provide a paper to support the further extension of the use of IVS within the South African context.

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  Recent events:        

Farming and land take centre stage at the Central Branch Agri-Seminar


Trevor Richardson receives SAIV Life Award


The SAIV Central Branch Agri-Seminar was held at the A Lodge at Bloem on the 11th and 12th October 2018. Thys Beukes, SAIV Central Branch Chairman kicked off proceedings by delivering a welcome address shortly before the first presenter, Vernon Blair from the Department of Water and Sanitation delivered his presentation on ‘Water use Authorisation-National Water Act 36 of 1998’. Presenting next was Malcolm Procter from the Department of Agriculture, Forestry and Fisheries, who discussed ‘The Cost of Veldfires’.

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“The Life Award is the highest accolade that the South African Institute of Valuers (SAIV) can bestow upon a member and it is my honour and privilege to bestow a Life Award to the most deserving person, Trevor Richardson,” this is what SAIV President, Tracey Myers had to say at the KZN Branch Country Seminar.

Tracey states that Trevor has shown such passion, commitment and sacrifice for the Institute over the past 15 years served on the branch executive and his 10 years on Natex.

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