• Conflict over water, coal

    SA's leaders have upped their support of the water-intensive coal industry, says Keith Schneider.

  • Cost of doing business

    The world can't afford the $4.7trn a year in environmental costs of business, says Mandi Smallhorne.

  • Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

All data is delayed
Loading...
See More

Land reform obsession 'wasted money'

Aug 31 2012 09:53
Sapa
Johannesburg - Government's obsession with having 30% of agricultural land under black control by 2014 "wasted a pile of money", Rural Development and Land Reform Minister Gugile Nkwinti said, Beeld reported on Friday.

He was speaking at the annual meeting of the South African Sugar Association (Sasa) in Durban on Thursday.

When he took over the department in 2009, two-thirds of his budget was spent on the redistribution of land, Nkwinti said.

"We wasted a pile of money because we were chasing after a target of 24.5 million hectares, which is actually not an excessive figure."

Currently, 25% of his department's budget of R1.7bn is being spent on the recapitalisation of 416 farms that have been transferred due to land claims, the daily reported.

"Agriculture is about business. The government cannot succeed if it ventures into business. We provide the infrastructure and leave matters to the farmers," he said.

Sasa chairperson Bongani Linda said 21% of land in the sugar industry is under black ownership, while 7% of the rest of agricultural land is black-owned.

*Follow Fin24 on Twitter, Facebook and Google+. 
gugile nkwinti  |  land  |  land reform

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
43 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The upcoming petrol price hike is:

Previous results · Suggest a vote

Loading...