Land Bill soon in Parliament

2015-02-14 20:18
(Shutterstock)

(Shutterstock)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - The Land Holdings Bill, which prohibits land ownership by foreigners, would soon be tabled in Parliament, the presidency said on Saturday.

"The Bill will soon be sent to Cabinet for approval, after which will be a process of public consultation and thereafter it will be submitted for the necessary Parliamentary procedures before being assented to by the President [Jacob Zuma]," the presidency said in a statement.

In his state-of-the-nation address to Parliament on Thursday, Zuma said that foreigners would not be allowed to own land in South Africa.

Instead, they would be eligible for long-term leases of 30 to 50 years.

"The bill would also regulate the amount of land that any individual can own, the limit being 12 000 hectares - an approximate equivalent of two farms," the presidency said.

If an individual owns above that limit, the government would buy the excess land and redistribute it.

The land policy would be affected through a call for compulsory land holdings disclosures.

"These disclosures will be in terms of race, nationality, gender, extent of land owned and its use. The process will be managed through a land commission."

The practice of limiting land ownership by foreign nationals is an established practice internationally, the presidency said.

Read more on:    parliament 2015

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
88 comments
Comments have been closed for this article.

Inside News24

 
ADVERTORIAL
Competition regulation for a growing and inclusive economy

ADVERTORIAL: The Competition Commission of South Africa is conducting advocacy work in the South African automotive aftermarket industry and has gazetted a Draft Code of Conduct for public comment.

/News
 

Men.24 Model of the Week: Wendy from Cape Town

Find out more about our featured model, Wendy from Cape Town

 
 

You won't want to miss...

Who are the highest paid models of 2017?
10 gorgeous plus-sized models who aren't Ashley Graham
WATCH: Pornhub is giving users free access to premium content these holidays
5 top leg exercises for men
Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.