Legislation and Regulations

 

 


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Posts Tagged 'property lawyers'

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Key Legislation in the South African Property Industry

Legislation in the property sector isn't just red tape—it's the backbone that ensures fairness, protects rights, and provides stability in an otherwise unpredictable market. Whether you're a first-time homebuyer, a seasoned investor, or a real estate professional, understanding the laws that govern the industry is essential for making informed decisions and safeguarding your interests.

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The Expropriation Act

The Expropriation Act formalises and clarifies the state's constitutional authority to expropriate property under Section 25 of the Constitution. It sets out how expropriation must occur — emphasising a balance between public interest needs and the protection of individual rights — while offering a legal pathway for disputes to be fairly heard and resolved by the courts.

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The Financial Intelligence Centre Act (FICA)

The Financial Intelligence Centre Act forms part of South Africa's broader strategy to protect the integrity of its financial system. It ensures that businesses handling financial transactions contribute actively to detecting and preventing financial crime, safeguarding the economy, and upholding the rule of law.

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Protection of Personal Information Act (POPIA)

The Protection of Personal Information Act is part of a global movement towards stricter data protection standards. It ensures that individuals retain control over how their information is collected, stored, and shared. For businesses, POPIA compliance is not optional — it is a legal obligation critical for maintaining trust and avoiding severe penalties.

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