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Confusion over ban on foreign land ownership

13 February 2015


By Carin Smith and Matthew le Cordeur

Cape Town – Only about 3% of all property in South Africa is foreign owned and, at best, 2% of all annual purchases are done by foreigners, according to Seeff chair Samuel Seeff.

“The reason for wanting to restrict ownership and who this is meant to benefit is then rather difficult to gauge,” said Seeff.

Read the full article from fin24.

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