Property Valuation Act to be implemented in August

Johannesburg - President Jacob Zuma has announced that as of August 1 the Property Valuation Act of 2014 will come into operation.

The presidency said in a statement on Wednesday the act would, among other things, provide regulation of the valuation of property that had been identified for land reform as well as property that had been identified for acquisition or disposal by the department of rural development and land reform.

Spokesperson Harold Maloka said it would also establish functions and powers for the office of the Valuer-General.

The act was approved by Zuma in July 2014.

During his State of the Nation address in February, Zuma said land had become a critical factor in achieving redress for the wrongs of the past.

The second window for lodging land claims was reopened last year.

At the time, Zuma said more than 36 000 land claims had been lodged nationally. The cut-off date is 2019.

Government was exploring the 50/50 policy framework, which proposed relative rights for people who live and work on farms, he said at the time.

Through the land reform programme, more than 90 000 hectares had been allocated to smallholder farmers, farm dwellers and labour tenants.

He said once the act was implemented, the law would "stop the reliance on the willing-buyer, willing-seller method in respect of land acquisition by the state".

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Voting Booth
Gauteng DA leader Solly Msimanga says the party's voters want it to explore conditional coalition talks with the ANC. 
Please select an option Oops! Something went wrong, please try again later.
It's a step in the right direction. An ANC-DA coalition would be the most stable option for SA
33% - 3031 votes
The DA should focus on working with all opposition parties, including the EFF, to unseat the ANC
15% - 1347 votes
The DA should rather remain in opposition than form a coalition with the ANC or the EFF
53% - 4880 votes
Rand - Dollar
Rand - Pound
Rand - Euro
Rand - Aus dollar
Rand - Yen
Brent Crude
Top 40
All Share
Resource 10
Industrial 25
Financial 15
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.