Expropriation without compensation – The impact on Banks and Mortgage Bonds

Expropriation without compensation – The impact on Banks and Mortgage Bonds
Expropriation without compensation, the phrase on everyone’s lips. On 27 February, the National Assembly passed a motion which mandates a Constitutional Review Committee to review Section 25 and the issue of expropriating land under the Constitution. Section 25 of the Constitution provides property may be expropriated only for “a public purpose or in the public interest” […]

Little protection if you sell without approved building plans.

Little protection if you sell without approved building plans.
Sellers should not solely rely on the protection of the “voetstoots” clause if they don’t have approved building plans. It seems as if there is a growing legal shift away from the protection the voetstoots clause offers for pre-owned property sellers with illegal or unapproved structures. The Courts place the responsibility of ensuring that there […]