Expropriation Act will cause uncertainty in property market – Sapoa

You can also listen to this podcast on iono.fm here.

Welcome to The Property Pod, South Africa’s premier property investor podcast. On this weekly Moneyweb show, we gain insider insights from leading executives, analysts, developers and entrepreneurs in the country’s vibrant property industry.

President Cyril Ramaphosa last week signed off the new Expropriation Act into law. Expropriation without compensation has been debated since 1994 but has been pushed more fervently following the ANC’s 2017 conference.

SA’s National Assembly passed the Expropriation Bill in March last year, a few months before the elections. There has been opposition to the bill from various quarters, including opposition parties and business organisations, but Ramaphosa signing it into law has peeved the main opposition, the DA, which is a key partner in the new government of national unity (GNU).

Read:
Expropriation: Don’t be alarmed – court may award nil compensation, but is not required to
Explainer: When can nil compensation be awarded for expropriation?
National Assembly backs Draft Expropriation Bill [March 2024]
Industry voices opposition to new turn in land expropriation debate [Jan 2020]

The DA has declared a dispute, while other political parties and organisations are considering taking the matter to court.

Property rights are a key part of the SA constitution, and on this latest podcast, we speak to Sapoa about its position on the latest developments around expropriation.

Historically, Sapoa – which represents the commercial property sector in the country – has been against changing SA’s land expropriation laws. However, the bill has gone through several amendments over the years.

Listen/read:
Could the Expropriation Bill fracture the GNU?
‘FDI floodgates will open with policy certainty’
Parts of the Expropriation Act may be unconstitutional

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