Bill launched to ban foreigners from buying farm land in SA

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
Gugile Nkwinti. (Picture: Beeld)
Gugile Nkwinti. (Picture: Beeld)

Cape Town – Rural Development and Land Reform Minister Gugile Nkwinti published the Regulation of Agricultural Land Holdings Bill on Friday, giving stakeholders until April 16 to submit comments.

If promulgated as an act, the law will ban foreigners from buying agricultural land and require them to enter into long-term leases.

Foreigners selling land would also have to offer the minister “the right of first refusal to acquire ownership of such agricultural land holdings”, Nkwinti explains in the gazetted bill.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.15
-0.1%
Rand - Pound
19.94
+0.0%
Rand - Euro
17.18
-0.0%
Rand - Aus dollar
10.97
+0.2%
Rand - Yen
0.13
-0.3%
Gold
1,853.32
+0.5%
Silver
27.60
+0.7%
Palladium
2,908.33
+0.5%
Platinum
1,230.50
+0.1%
Brent Crude
68.71
+2.5%
Top 40
61,071
+0.8%
All Share
67,111
+0.8%
Resource 10
70,214
+1.2%
Industrial 25
84,074
+1.0%
Financial 15
12,613
-0.6%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1469 votes
No, I did not.
52% - 3650 votes
My landlord refused
27% - 1941 votes
Vote