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Nkwinti defends foreign land ownership

Rural Development and Land Reform Minister Gugile Nkwinti File photo by Simphiwe Mbokazi

23 June 2015


Rural Development and Land Reform Minister Gugile Nkwinti File photo by Simphiwe Mbokazi

Rural Development and Land Reform Minister Gugile Nkwinti File photo by Simphiwe Mbokazi

By Xinhua

Cape Town – Government on Tuesday tried to alleviate jitters that the prohibition of land ownership by foreign nationals would drive away investors.

“Our conviction is that any investor, whether foreign or national, wants policy certainty. Once they understand what the policy is, they adapt accordingly,” Minister of Rural Development and Land Reform, Gugile Nkwinti said in the National Council of Provinces (NCOP) while presenting his deparment’s budget vote speech.

Read the full article from iolNews.

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