https://www.engineeringnews.co.za
Africa
Africa
africa

Land ban only for farms – Zuma

Land ban only for farms – Zuma

Photo by Duane Daws

19th February 2015

By: Sapa

  

Font size: - +

The government's proposed ban on foreign land ownership will only apply to agricultural land, President Jacob Zuma said on Thursday.

Foreign nationals who plan to buy homes in South Africa will still be able to do so, as will foreign companies planning to purchase property, Zuma said in his response to the debate on his state-of-the-nation address.

"The Land Holdings Bill applies to agricultural land," he told a joint sitting of Parliament.

"It does not affect those foreign nationals who are planning to buy homes or residences."

Zuma said he was responding directly to messages he had received from citizens expressing concern about the announcement in his address last Thursday that government planned to implement the proposed ban.

One of those who wrote to him, he said, had asked how multi-national corporations investing in South Africa would be affected by the bill.

"Multi-nationals will be affected only if their future property purchases consist of agricultural land," he said.

Edited by Sapa

Comments

Projects

Image of Kenya map/flag
High Grand Falls dam, Kenya
Updated 1 hour 41 minutes ago By: Sheila Barradas

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.09 0.14s - 152pq - 3rq
Subscribe Now