Government will ‘not do anything foolish’: Minister Nkwinti reassures on land ownership
Briefing journalists at Parliament on aspects of the Regulation of Land Holdings Bill, set to be processed by Parliament, he confirmed that future ownership of agricultural land by foreign nationals would be prohibited.
He further confirmed that the draft legislation, which places a maximum ceiling of 12,000 hectares on agricultural land ownership for all — both locals and foreigners — in South Africa, would be signed into law later this year.
“Future foreign ownership of agricultural land by foreign nationals will be prohibited. However, foreign nationals will be eligible for long-term leasehold of a minimum of 30 years.”
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