development charges

National Treasury is seeking public comment into the published Municipal Fiscal Powers and Functions Amendment Bill (MFPFAB). The Amendment Bill provides for a uniform regulation of development charges. Development charges are a once off charge levied by a municipality on the land owner as a condition for approving land development application. They are imposed to cover the costs incurred by the municipality when installing new infrastructure or upgrading an existing … [Read more...] about About those development charges for new land projects