Bold and decisive steps must be taken to reverse the legacy of the Native Land Act of 1913, says Mzwanele Nyhontso, the Minister of Land Reform and Rural Development. He said the Native Land Act of 1913 which became law in South Africa on June 19, (Act No. 27 of 1913), left an indelible mark on the history of South Africa. “This legislation had a profound and devastating impact on the lives of black...
The local political uncertainty and mounting global trade pressure are proving testing to the commercial real estate sector in South Africa. The rand approached a historic low of R19.93 against the US dollar on April 9, before recovering to R18.97 by April 14. Simultaneously, the JSE All Share Index experienced significant volatility, dropping from 89,950.79 on March 31 to 82,485.81 on April 9,...
Taxpayers have forked out a staggering R65 million in rates and services for more than 1,000 vacant properties owned by the state, according to Public Works and Infrastructure Minister Dean Macpherson. Macpherson revealed the figure when he was responding in writing to parliamentary questions from EFF MP Kenneth Montwedi. He said as of January, there were 1,259 state-owned vacant lands, 207...
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