New bill will add to cost burden, property sector warns
Amendment is intended to standardise charges for rolling out infrastructure, but association fears it will be a money-raising exercise for councils
09 February 2020 - 16:28
The property industry has cautioned that a new bill aimed at standardising the development charges municipalities can levy on property developers and owners could amount to little more than a means for cash-strapped councils to augment revenues, if it goes ahead in its current form.
The proposed Municipal Fiscal Powers and Functions Amendment Bill compounds a range of other challenges faced by the sector, including already “abnormally” high municipal rates and taxes, according to Neil Gopal, CEO of the SA Property Owners Association (Sapoa)...
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