South Africa Seeks Ban on Foreigners Buying Agricultural Land
- Bill proposes long leases for foreigners, minority holdings
- Government is seeking to accelerate transfer of land ownership
This article is for subscribers only.
South Africa has proposed a new law banning foreigners directly buying agricultural land in the country as the government seeks to boost ownership for the black majority.
Non-residents will be allowed to take long leases on the properties or the land should be majority owned by a black South African, according to the Regulation of Agricultural Land Holdings Bill, published in the Government Gazette on Friday. The proposal is open for public comment until April 17.