It’s perhaps somewhat counterintuitive, but what has become understood as the Expropriation without Compensation drive has never been entirely and solely about the ability of the state to take property without paying for it.
Just how Russia is going to pay for things, say the invasion of a neighbour, will occupy analysts and economists this week. Central bank sanctions will attempt to stop it from using $630 billion worth of foreign reserves, it is cut out of Swift, and barred from capital markets in the US and Europe.
South Africa’s electricity infrastructure has been degrading in the past decade, with both scheduled and unscheduled power outages on the increase.
The debate regarding compensation for land taken for land reform purposes has been raging ever since the CODESA negotiations and the initial formulation of section 25 of the Constitution.
As far as the economy goes, last week’s State of the Nation address (SONA) dealt primarily with structural reform in sectors like electricity, spectrum, transport and infrastructure.
Recent cabinet decision to look at land tax again In 2019 the Presidential Advisory Panel recommended that the Minister appoints a land tax inquiry to consider a national policy or regulations to the Municipal Property Rates Act of 2004.
