Monday, 24 June 2013

Xbox 360 South African Community: Expropriation Bill???

Xbox 360 South African Community
South African Xbox 360 Community Website & Forums
Expropriation Bill???
Jun 24th 2013, 15:57

So does anyone actually know anything about this? I only know what my family has been feeding me which sounds kinda ****ed up - whether that's the way it is, or just them blowing it out of proportion.

Seems like if this thing gets passed, then the government take take away anything you own, if its was found to be "ill-gotten gains" and can offer "who knows what" payment for it and can be paid "later" or in installments over months or years. This can be done with any assets, including property.

That's basically the summary I've been given. Not sure exactly how accurate it is. I'm just wondering about this because I was hoping to buy my first property around March next year. Obviously this is now making me having second thoughts...

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