"value"

for purposes of section 12(1)(a), means the value of property identified for purposes of land reform, which must reflect an equitable balance between the public interest and the interests of those affected by the acquisition, having regard to all the relevant circumstances, including the—

(a)	current use of the property;

(b)	history of the acquisition and the use of the property;

(c)	market value of the property;

(d)	extent of direct state investment and subsidy in the acquisition and beneficial capital improvement of the property; and

(e)	purpose of the acquisition; and