11 February 2016
Pretoria – The Regulation of Land Holdings Bill, which restricts foreign ownership of land, will be presented to Cabinet for approval in the first semester of the year.
This emerged during Thursday’s State of the Nation Address (SONA), an annual address were the President addresses the nation and provides an assessment of the country’s domestic and foreign situation.
The Bill, which was first announced by President Zuma in his 2015 SONA, places a ceiling on land ownership at a maximum of 12000 hectares and would prohibit foreign nationals from owning land.
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