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SA Property Owners seek deeper Government engagement on land reform

Stakeholders in the Commercial Real Estate industry represented by the South African Property Owners’ Association (SAPOA) are seeking for constructive engagement with the National Department of Rural Development on land reform.

Rural Development and Land Reform Minister Gugile Nkwinti will introduce new legislation prohibiting foreigners from owning land in South Africa and limiting land sizes for all other owners in the country before the end of the year.

The Regulations of Land Holdings Bill would mean foreigners will only be able to lease land for 30 years. Ownership of vast tracts of land will also be regulated.

 

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