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.
Recommendedby THE NEWSROOM
The Money Show’s Bruce Whitfield interviews Wesgro CEO Tim Harris.
The Money Show’s Bruce Whitfield interviews K about his attitude to money (hopes and fears, successes and failures, etc.)
Feroz Basa (Old Mutual Investment Group) reviews “Unshakeable: Your Financial Freedom Playbook” by Tony Robbins.
Stock pick time on The Money Show… Bruce Whitfield interviews 27 Four Investments analyst Nadir Thokan.
The Ramaphosa-era has started with a bang at the dysfunctional Eskom. Bruce Whitfield interviews Intellidex’s Stuart Theobald.
For centuries it had abundant water supplies. That's over. Bruce Whitfield interviews Future Water Institute’s Dr Kevin Winter.
‘Buying something at a price today, it falls tomorrow, then it’s up the next day - that’s not investing, that’s speculating.'
A woman mistakenly shared a naked photo of herself on a parent Whatsapp group and now it's gone viral.
Loo Me is a simple yet effective scented foam that takes the yuck out of "mellowing" toilets preventing multiple flushes.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.