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New laws could see foreigners lose land

At least two of the country’s top 10 luxury game lodges – as ranked by SA Tourism – have some form of foreign ownership, such as &Beyond's Phinda Game Reserve. (Photo: &Beyond)

08 February 2015


At least two of the country’s top 10 luxury game lodges – as ranked by SA Tourism – have some form of foreign ownership, such as &Beyond's Phinda Game Reserve. (Photo: &Beyond)

At least two of the country’s top 10 luxury game lodges – as ranked by SA Tourism – have some form of foreign ownership, such as &Beyond’s Phinda Game Reserve. (Photo: &Beyond)

By Moyagabo Maake

Johannesburg – Multinational companies operating in South Africa are keeping mum on the governing party’s plan to ban foreign ownership of land, which was unveiled after its national executive committee met last month, according to City Press.

The decision has placed the ownership of expensive title deeds in doubt – among them those held by British telecoms group Vodafone, which owns 65% and 60.9% in Vodacom Group and Vodacom, respectively.

Read the full article from fin24.

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