South Africa's Expropriation Law Extends Power Beyond Central Government
What happened
The powers granted under the Expropriation Law have expanded to include about 420 authorities, extending far beyond the central government. These powers are available to nonfunctional or bankrupt local municipalities and some provincial governments. The law applies to both movable and immovable property, including intangible assets, provided the action is for a public purpose or in the public interest.
From businessday.co.za
Why it matters
The expansion allows for decentralized execution of expropriation powers across the country. This shift means that local and provincial bodies now possess the authority to intervene in property holdings under the law's parameters. The law specifically states that the powers include, but are not limited to, certain types of property.
Ramaphosa had previously signed the Expropriation Bill into law, a process that has faced legal challenges from various groups.
From businessday.co.za
Who's involved
- South AfricaCountry where the Expropriation Law operates and is being amended.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Public Investment CorporationSpeculative
The Public Investment Corporation could be affected by expanded expropriation risk.
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The entities involved
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South Africa
country in southern Africa
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Dean Macpherson
South African politician
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