The Department of Land Affairs is considering abandoning the principle of willing-buyer, willing-seller, because it is hampering land reform. One of the proposals in the document Toward the Framework for the Review of the Willing Buyer-Willing Seller Principle is to make the state the only buyer of farms, giving it the right to pay below market-related prices. Such an action will have far-reaching negative consequences, according to a Democratic Alliance (DA) spokesman, and could undermine people's confidence in the state. The discussion document also examines the merits of a progressive land tax.
Article on Businessiafrica.com and
Toward the Framework for the Review of the Willing Buyer-Willing Seller Principle on Legalbrief
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