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Post: Property valuation regulations

Motion on land - political populism trumps national interest

Below is a copy of the final regulations that have been approved by the Minister and which were received from Annelize Crosby of Agri SA.

I have not had a chance to compare the final version of these regulations with the original ones in any detail but I have picked up that the valuation methodology has not changed.  This involves taking the current use value (which could be zero if a loss was made at the time of valuation) and adding it to the market value (including timber or any other growing crop) and then dividing the sum thereof by two.  In essence this means that the value of standing timber will be halved.  This is totally unacceptable and probably unconstitutional.

I have been in contacted with Annelize this morning to discuss our concerns.  She is of the opinion that, as agreed some time ago, we may need to take the regulations on review through the courts.  Members are reminded that the Exco did agree last year that in need, we would contribute to a legal fund to challenge these regulations.

Members will be kept informed of developments in this regard.

I have, for your information, attached the second submission that we made to the Valuer General which outlines the concerns that we had with the original regulations.

 

Source: Agri SA

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  • Those who grow alone, die alone: why transformation is strategic for the MTO Group
  • NCT
  • Pangolin
  • Patula Risk
  • Sabie Poles
  • SAFCOL
  • Saw Specialists
  • Stihl
  • Sunshine Seedling Services
  • Treated Timber Products
  • TWK
  • WoodBiz Africa
  • Afrequip
  • Latschbacher
  • Alternative Structures Logo
  • Arxada
  • Bell
  • Ezigro Seedlings
  • Foresta Timber & Board
  • FSC
  • Hin-Tech Manufacturing
  • Husqvarna
  • John Deere
  • Khulani Timber Industries
  • Kwamahlati Training Services
  • LESH
  • Loadtech Load Cells
  • Logmech
  • Merensky
  • Mondi
  • Those who grow alone, die alone: why transformation is strategic for the MTO Group
  • NCT
  • Pangolin
  • Patula Risk
  • Ponsse
  • Rance Timbers
  • Sabie Poles
  • SAFCOL
  • Sappi
  • Saw Specialists
  • SAWPA
  • SSA
  • Stihl
  • Sunshine Seedling Services
  • Treated Timber Products
  • TWK
  • UCL Sawmill
  • Wood-Mizer
  • WoodBiz Africa
  • Wuhlf

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