GOVERNMENT POSITION ON NON-RESIDENT OWNERSHIP

Posted on: March 11th, 2016 by STBBSiteOwner

Whilst currently there is no legislation in place that prohibits foreigners from acquiring land in South Africa, agricultural or otherwise, government’s comments and President Zuma’s State of the Nation address in 2015 indicates that government has plans afoot to introduce certain limitations on foreigners’ ownership of land, as well as plans regarding the size of ownership of agricultural land in South Africa generally, for citizens and non-residents. Government explained that changes will not work retrospectively and that the limitations generally will apply only to agricultural land ownership. Listen to our brief presentation on these and other aspects of the government’s exposition of its future plans in this regard.

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