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Proposed ban on foreign land ownership aimed at farms

17 February 2015


Proposed ban on foreign land ownership aimed at farms

Picture: THE TIMES

A South African government proposal to ban foreign nationals from owning land will apply to farms, not residential property, a government minister was quoted as saying on Tuesday.

In his state of the nation address last week, President Jacob Zuma said foreigners would be barred from owning land and South African citizens will not be able to own more than 12,000 hectares, or the equivalent of two farms.

Read the full article from the BusinessDayLive.

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