for subscribers

First consider govt land for expropriation - economist

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Stellenbosch – There is no reason why private property owners cannot insist that government first make public land available before expropriating private property, according to property economist Professor Francois Viruly of the University of Cape Town.

“To me the problem with the expropriation debate in South Africa is that public land, for example military land, is not first being made available before government turns to the private sector to expropriate property,” Viruly said on Thursday at a property conference hosted by Rode & Associates at the Spier Estate outside Stellenbosch.

To him the big question is around when the public could actually sue government to have public land made available before expropriating in the private sector for housing needs, for instance.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.63
(-0.04)
ZAR/GBP
23.01
(-0.05)
ZAR/EUR
20.79
(-0.01)
ZAR/AUD
12.62
(-0.03)
ZAR/JPY
0.17
(-0.01)
Gold
2034.21
(+0.05)
Silver
28.28
(+0.09)
Platinum
961.50
(+0.38)
Brent Crude
44.55
(-1.53)
Palladium
2166.01
(+0.63)
All Share
56757.73
(-1.56)
Top 40
52435.65
(-1.72)
Financial 15
9897.96
(+0.10)
Industrial 25
74671.49
(-1.98)
Resource 10
58948.78
(-1.89)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 930 votes
It depends on how the funds are used.
74% - 6245 votes
No. We should have gotten the loan elsewhere.
15% - 1284 votes
Vote