Author

Ayanda Mavata (South Africa)

Browsing

The President of South Africa has recently assented to the Expropriation Bill (Bill), which is set to replace the Expropriation Act, 1975. This Bill outlines the specific procedures and conditions under which government bodies can expropriate land for public purposes. The aim is to ensure that land expropriation is conducted in a manner that serves the public interest. The Bill has sparked significant international attention, particularly after the new President of the United States (US…

Before 1 September 2024, imports valued at ZAR500 or less (c. EUR26) were subject to a flat rate of 20% in lieu of customs duties and no value added tax (low value consignment relief). This relief was apparently introduced under a 2007 concession list published by the South African Revenue Service (SARS). The concession presented various benefits to multinational companies as they gained access to the South African market through the retention of low costs…