Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Revamp to land reform unveiled soon

Aug 25 2011 13:26 Sapa

Related Articles

Land Bank earmarks R1bn for new farmers

Zim land grab toll tops $12bn

First screen new farmers - Land Bank

Land Bank touts leases for black farmers

Gordhan praises Land Bank turnaround

Taking land without payment a possibility

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

Tupperware agents incensed by fakes

May 27 2012 11:49

The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.

Another golf estate victim

May 27 2012 13:09

The oversupply of golf estates has claimed another victim.

 
Share Share line Print
Cape Town - The long awaited green paper on land reform will be released next week, senior land reform official Sunday Ogunronbi said on Thursday.

Responding to questions at a media briefing in Pretoria, following Cabinet's fortnightly meeting on Wednesday, he told journalists the document did not propose that foreigners could not own land in South Africa.

"The green paper covers the foreign ownership question to an extent. The intention is to develop a full policy position on (this). Cabinet... will be proposing a law in the next few months.

"We are not saying that foreigners will not be able to access South African land, we are only saying that the conditions under which non-South Africans own land will be regulated."

Ogunronbi said South Africa was one of the very few countries in the world that did not have such regulations.

On when the green paper would be tabled, he said: "We are very optimistic we will release (it) next week".

On a possible land "ceiling" or a restriction on the amount of land an individual could own, he said there was a proposal in the green paper to "explore the possibilities" of this.

In this regard, there was a "mixed bag" of options, but "no blanket restriction, no blanket specification of the quantity, and we're not saying that in all cases this will be applied".

It was a possibility in the policy options.

"We have not said anything in relation to land ceiling or quantity restrictions on the basis of race, or black or white."

On proposals in the green paper on land ownership, he said this involved a "four-tiered system", involving different scenarios for specific areas of the country.

"The kind of obligations and conditions we're talking about will be instances where there is a foreign interest in agricultural land - which is a concern not just in South Africa, but across the world.

"So (for example) ... we are expecting to be able to say to a foreigner intending to purchase agricultural land... that he may need to partner with a South African in specific cases," he said.

 
 
Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

Perfin

I arranged two workshops in Cape Town at the Cape Chamber of Commerce offices as well as two computer based workshops, one on Google Adwords and another on Joomla Administrator at the training centre in Somerset West. Emarketing Workshops - http://emarketingworkshops.co.za/next-workshops 1. Interne... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

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

Loading...