RESIDENTS of Gauteng will on Tuesday have a chance to comment on the Restitution of Land Rights Amendment Bill, which seeks to reopen land claims to the public.
The bill proposes an extension of the date for the lodging of restitution claims from the previous closing date of December 1998 to June 30 2019. It also opens a door for claims not lodged by the 1998 deadline.
Nearly 80,000 claims were lodged during the first window, and the department estimates that 397,000 claims will be lodged in the new window — costing between R129bn and R179bn, if the claims are settled in the next 15 years.
According to Land Claims Commission statistics, 77,334 restitution claims had been settled in South Africa by March 2013, benefiting 368,090 households and about 1.8-million people.
In the latest national budget, the government will spend R8.7bn on the settlement of land restitution claims over the next three years.
African National Congress chief whip Stone Sizani said the reopening of land claims would be guided by a just and equitable principle of compensation, as opposed to the willing-buyer, willing-seller system. READ MORE
Source: BusinessDay Live #IFAMAFRICA
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