DTI officials warn that proposed land expropriation contravenes several investment treaties
Department of trade & industry officials have warned against expropriating land owned by foreign nationals, saying it contravenes existing bilateral investment treaties.The country has 22 such bilateral agreements, but the cabinet decided in 2010 to terminate the arrangements following concerns that the treaties were unbalanced in favour of the investors.
Lawful expropriation of foreign investment should be for a public purpose, on a nondiscriminatory basis, under due process of the law, and based on the payment of prompt, adequate and effective compensation, department officials told MPs on Wednesday. Legal experts have also warned that expropriation of foreign-owned property without compensation constitutes a violation of international law and several treaties to which the country is a party.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Expropriation of foreign-owned land without compensation may be illegalDTI officials warn that proposed land expropriation contravenes several investment treaties
Read more »
Thousands of undocumented SA children denied an education – DAThe party claims children are assumed to be illegal immigrants and forced to try prove they are South Africans, including by way of DNA tests.
Read more »
SA gun amnesty welcomed 'but surrendered weapons must be safeguarded'SA's experience of firearm amnesties confirmed they were effective in recovering guns, including unwanted, unauthorised and illegal weapons, Gun Free SA said on Thursday.
Read more »
SA gun amnesty welcomed 'but surrendered weapons must be safeguarded'SA's experience of firearm amnesties confirmed they were effective in recovering guns, including unwanted, unauthorised and illegal weapons, Gun Free SA said on Thursday.
Read more »
Gun Free SA welcomes Cele's firearm amnesty move | Saturday StarPolice Minister Bheki Cele announced a six month national firearms amnesty which would begin on December 1. Gun Free South Africa said it would be South Africa’s fourth amnesty drive since 1994.
Read more »
Joburg without a mayor as vote postponedThere were disagreements on how the numbers would be calculated after it was revealed that 269 councillors rather than 270 were in attendance.
Read more »