Regulations to the Property Valuation Act

Land Expropriation without compensation – New Draft Expropriation Bill 2019

The Regulations to the Property Valuation Act of 2014 were gazetted on 30 November 2018. The Minister of Rural Development and Land Reform has, under section 20 read together with section1 of the Property Valuation Act, 2014, made the regulations in the Schedule available here.

Regulations to the PVA 2018

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. Click here to continue reading.

The Southern branch AGM and seminar 

Trevor Richardson receives SAIV Life Award

The Southern branch AGM and seminar took place on Friday 1 March at The River Club in Observatory, Cape Town. Llewellyn Louw and Danie Malan from the City of Cape Town made presentations. They highlighted the GV2018 processes, methodologies and market trends. An overview of the objection process was also given.

“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.