CDH in collaboration with Rosh Pinah Properties hosted a webinar on the Expropriation Bill 23 of 2020. They provided an update to the Bill, as well as insightful content and exploration points for the private and commercial property market in South Africa.
The new Bill provides for the expropriation of property for a public purpose or in the public interest; to provide for certain instances where expropriation with no compensation may be appropriate in the public interest; with a variety of other elements contained within it. This new Bill has an impact on many businesses and parliament has called for public comments with regard to the Bill. The discussion focused on the new Bill’s most important and far reaching provisions.
