SA Government rethinks foreign land ownership

SA Government rethinks foreign land ownership

Cape Town – The government will introduce legislation to stop foreigners buying land in South Africa but does not think it wise to expropriate existing foreign-owned land, says Rural Development and Land Reform Minister Gugile Nkwinti.

“It is possible that we could experience difficulties making the law retrospective on this question,” Nkwinti told a media briefing, adding that the ruling party lacked the appetite for the Constitutional change that would be required to do so.

He said the ANC was clear, however, that it would implement a resolution that in future foreigners could lease but not own land in South Africa.

This would be set out in the regulation of land holdings bill…

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South Africa Today – South Africa News