The applicability of mineral and mining rights concepts in facilitating value capture in South Africa
South Africa needs additional funds for public infrastructure investment. Value Capture could potentially be implemented as a mechanism to raise additional funding. Value Capture depends on maximising land value. Ownership constraints to land development prevent land value from being maximised. T...
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| Format: | Dissertation |
| Language: | English |
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University of Cape Town
2017
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| Online Access: | http://hdl.handle.net/11427/24241 |
| Summary: | South Africa needs additional funds for public infrastructure investment. Value Capture
could potentially be implemented as a mechanism to raise additional funding. Value
Capture depends on maximising land value. Ownership constraints to land
development prevent land value from being maximised. The study uses doctrinal legal
research to investigate how the principles found in South African mineral rights
legislation overcome ownership constraints to developing mineral rich land to its
highest and best use. The study also investigates how these mineral rights principles
could be applied to land in general, in order to overcome ownership constraints to
development. Within this context the study demonstrates how land might be
expropriated for development purposes, and how such expropriation could create
opportunities for Value Capture. |
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