08 June 2017
“During the 2016 State of the Nation Address, the President of the Republic of South Africa first announced that a Bill regulating the ownership of land would be published for comment and tabled before Parliament. The draft Bill at that stage sought to limit the ownership of land to 12 000 hectares for South Africans and if individual ownership exceeds the limit, the State would purchase the excess land and redistribute it as part of its redistribution programme. Foreign nationals would however, be permitted to enter into long term leases with the State for a minimum of 30 years…” – eProperty News
Read the full article from eProperty News.