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.

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
Latest details on London terrorist attack

Latest details on London terrorist attack

The Money Show’s Bruce Whitfield interviews UK Correspondent Peter Anderson.

How Blu Blood is taking comedy to every corner of SA (and soon the world!)

How Blu Blood is taking comedy to every corner of SA (and soon the world!)

The Money Show’s Bruce Whitfield interviews Blu Blood cofounder Osman Osman for his weekly “ShapeShifter” feature.

5 global threats to your bank balance

5 global threats to your bank balance

The Money Show’s Bruce Whitfield interviews ETM Analytics Chief Economist George Glynos.

Lusaka is one of the fastest developing cities in the world

Lusaka is one of the fastest developing cities in the world

The Money Show’s Bruce Whitfield interviews famed journalist Nikiwe Bikitsha, who is on a fact-finding mission in Zambia.

Humans will be returning to the moon, but how will they be fed?

Humans will be returning to the moon, but how will they be fed?

The space race has typically focused on the massive rockets needed to get there, now we need to ensure there is enough to eat.

Robots may resemble gods by 2045 (but they'll take your job long before then)

Robots may resemble gods by 2045 (but they'll take your job long before then)

Is it even possible to stay ahead? Arabile Gumede interviews Creative Counsel CEO Gil Oved.

Popular articles
Is Uber dying? Stuff’s editor explains…

Is Uber dying? Stuff’s editor explains…

High ranking employees are resigning en masse as crisis upon crisis pummel lossmaking Uber.

Spur CEO: Man's pic will be up at restaurants and he is not welcome

Spur CEO: Man's pic will be up at restaurants and he is not welcome

Spur CEO says staff aren't equipped for this kind of customer confrontation and he will consider reviewing their training manual.

WATCH: Spur bans man after heated spat caught on camera

WATCH: Spur bans man after heated spat caught on camera

A man has been banned from Spur after threatening a woman during a heated argument which was captured on video and has gone viral.

Spur tightens its belt as 'two for the price of one' Monday burger special ends

Spur tightens its belt as 'two for the price of one' Monday burger special ends

The CEO of Spur says food inflation has played a big role in making this difficult decision.

Search continues for two UWC students missing at Strand beach

Search continues for two UWC students missing at Strand beach

Police divers spent the whole of Sunday afternoon searching for missing students.

Earn peanuts? How to best invest very small amounts...

Earn peanuts? How to best invest very small amounts...

Got a spare R200 or R300 a month? Here’s how to make that money work hard and grow…