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Land and Development Bank of South Africa (LADBSA) is a government-owned development bank in the Republic of South Africa. The bank was established as a development finance institution in 1912 by the Government of South Africa. The main objective of LADBSA is to promote and finance development in the agricultural sector of the economy of the ...
A land parcel or cadastral parcel is defined as "a continuous area, or more appropriately volume, that is identified by a unique set of homogeneous property rights". [ 3 ] Cadastral surveys document the boundaries of land ownership, by the production of documents, diagrams, sketches, plans ( plats in the US), charts, and maps.
It was responsible for topographic mapping, cadastral surveying, deeds registration, and land reform. The department fell under the responsibility of the Minister of Rural Development and Land Reform, which for most of the department's existence was Gugile Nkwinti (2010 to 2018). [1] The department's name was commonly abbreviated DRDLR.
A land-parcel identification system (LPIS) is a system to identify land use for a given country. [1] It utilises orthophotos; aerial photographs and high precision satellite images that are digitally rendered to extract as much meaningful spatial information as possible. A unique number is given to each land parcel to provide unique ...
Registration does not depend on the validity of the underlying causa, as South Africa applies the abstract system of transfer of real rights. [ 113 ] The mortgage agreement, governed by the law of contract, is an undertaking to secure the underlying principal debt by passing a mortgage bond over immovable property in favour of the mortgagee.
The political head of the department is the Minister of Agriculture, Land Reform and Rural Development, who is assisted by two deputy ministers. [1] As of August 2020 [update] the minister is Thoko Didiza , [ 2 ] the deputy minister for land reform is Mcebisi Skwatsha , [ 3 ] and the deputy minister for rural development is Sdumo Dlamini .
Land tenure reform is a system of recognizing people's right to own land and therefore control of the land. Redistribution is the most important component of land reform in South Africa. [ 7 ] Initially, land was bought from its owners (willing seller) by the government (willing buyer) and redistributed, in order to maintain public confidence ...
Proponents argue that providing formal titles increases security of land tenure, supports development of markets in land, and allows better access to credit (using land titles as collateral). Peruvian economist Hernando de Soto Polar is the most well-known advocate of the approach, but it has a long history. [ 2 ]