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The Expropriation Act 13 of 2024 empowers the Minister of Public Works to expropriate property in the public interest or for a public purpose and subject to compensation, the amount of which and the time and manner of payment of which have either been agreed to by those affected or decided or approved by a court. In certain instances the compensation payable can be nil.
Who would have thought that the replacement and upgrading of legislation that had already been on the statute books of one country for decades (and which has counterparts in most other countries) could have caused an international furore!
Well, the Expropriation Act 13 of 2024 to which President Ramaphosa added his assenting signature in January 2025 managed to do exactly that.
In this work well-known South African corporate and commercial law consultants Graeme and Veldra Fraser (who have written and published 25 other titles) examine the terms of the Expropriation Act and explain why the provisions are framed as they, where the possible challenges can be focused and whether the "hype" over the Act is merited.
This book is a "must-read" for anyone who has already invested or who is still contemplating investing in South Africa.
