Government aims to ban foreigners from buying land

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.

Arabile Gumede (in for Bruce Whitfield on The Money Show) interviewed Theo Boshoff (Manager: Legal Intelligence at Agricultural Business Chamber).

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

Click here (then“like” the page) to follow Bruce on Facebook.

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.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


This article first appeared on 702 : Government aims to ban foreigners from buying land


Recommended

by THE NEWSROOM

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How Cape Town businesses are living and dying amid the city's worst drought ever

How Cape Town businesses are living and dying amid the city's worst drought ever

The Money Show’s Bruce Whitfield interviews Wesgro CEO Tim Harris.

Danny K answers decidedly personal questions about his money

Danny K answers decidedly personal questions about his money

The Money Show’s Bruce Whitfield interviews K about his attitude to money (hopes and fears, successes and failures, etc.)

Tony Robbins on how to make money when others panic

Tony Robbins on how to make money when others panic

Feroz Basa (Old Mutual Investment Group) reviews “Unshakeable: Your Financial Freedom Playbook” by Tony Robbins.

Old Mutual, AECI are the best JSE shares to buy right now (27 Four Investments)

Old Mutual, AECI are the best JSE shares to buy right now (27 Four Investments)

Stock pick time on The Money Show… Bruce Whitfield interviews 27 Four Investments analyst Nadir Thokan.

Eskom gets new board that is 'as good as you can ever hope for'

Eskom gets new board that is 'as good as you can ever hope for'

The Ramaphosa-era has started with a bang at the dysfunctional Eskom. Bruce Whitfield interviews Intellidex’s Stuart Theobald.

Cape Town is set to make history and headlines around the world on 21 April 2018

Cape Town is set to make history and headlines around the world on 21 April 2018

For centuries it had abundant water supplies. That's over. Bruce Whitfield interviews Future Water Institute’s Dr Kevin Winter.

Popular articles
Certified financial planner explains the magic behind the number 72

Certified financial planner explains the magic behind the number 72

‘Buying something at a price today, it falls tomorrow, then it’s up the next day - that’s not investing, that’s speculating.'

[LISTEN] Accidentally shared a nude on a WhatsApp group? Here's what you can do

[LISTEN] Accidentally shared a nude on a WhatsApp group? Here's what you can do

A woman mistakenly shared a naked photo of herself on a parent Whatsapp group and now it's gone viral.

WATCH: Innovative spray limits toilet flushes and saves water

WATCH: Innovative spray limits toilet flushes and saves water

Loo Me is a simple yet effective scented foam that takes the yuck out of "mellowing" toilets preventing multiple flushes.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.