Questions hang over foreign ownership of SA’s agricultural land
Author: Ray Mahlaka
There is little movement on government’s ambition to clamp down foreign land ownership through the controversial Regulation of Land Holdings Bill.
Many months after the Bill, which seeks to restrict foreign ownership of agricultural land, was mooted – it is yet to be presented to Cabinet for approval.
In fact, the last public announcement from the government on the Bill was during President Jacob Zuma’s 2016 State of the Nation Address, saying a draft bill will be presented to Cabinet in the first semester of the year. Initially, the Bill was meant to be submitted by August to test its constitutionality.
Rural Development and Land Reform Minister Gugile Nkwinti recently told Moneyweb that the Bill would soon become law, however he added that another option was for it was to make a debut in Parliament during last year’s financial year (April 1 2015 to March 31 2016).
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