Sher NO and Others v Administrator of the Transvaal (606/88)
Sher NO and Others v Administrator of the Transvaal (606/88) [1990] ZASCA 77; 1990 (4) SA 545 (AD); (23 August 1990)
The Supreme Court of Appeal held that the trial court was correct to reject the static residual valuation method advanced by the appellants' expert, Dr Gerke, as it was unscientific, failed to account for developer's profit and interest, and was not supported by market realities. The court found that, although the comparable sales method used by the respondent's expert, Mr Griffiths, was open to criticism due to lack of truly comparable transactions and arbitrary adjustments, it nonetheless provided the best available evidence. The transaction between the company and the family trusts, while…
Source excerpt
- Expropriation Act
- Compensation For Expropriation
- Market Value Assessment
- Comparable Sales Method
- Residual Land Value Method
- Developer Profit