Government wants to ban foreigners from buying agricultural land.
It also wants to compel foreigners selling land to offer the Rural Development and Land Reform Minister the right of first refusal.
The Minister (Gugile Nkwinti) published the Regulation of Agricultural Land Holdings Bill on Friday, giving stakeholders until 16 April to comment.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
Foreign direct investment is very crucial.— Theo Boshoff, Agricultural Business Chamber
We’re in agreement with land reform, but we don’t think this Bill will be the best way to affect it.— Theo Boshoff, Agricultural Business Chamber
Compulsory right of first refusal works well in Namibia.— Theo Boshoff, Agricultural Business Chamber
The Bill makes provision for corporations. If a company is registered abroad it would be considered as a foreign person.— Theo Boshoff, Agricultural Business Chamber
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.
The Money Show’s Bruce Whitfield interviews Dracore Data Services CEO Chantelle Fraser.
The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.
Bruce Whitfield interviews Peter Hain (Wits Business School) and Steven Powell (Director in Forensics at ENS Africa).
The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.
AfriForum will prosecute Duduzane Zuma after NPA declined to do so in 2015 following a 2014 accident where a woman died.
Dr Bodhisattva Kar reveals how industrial capitalism influenced the world's current sleep patterns.
The Money Show’s Bruce Whitfield interviews Adams about his attitude to money (hopes and fears, successes and failures, etc.).
A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.
After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.