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Controversial land paper release delayed

Controversial land paper release delayed
http://www.realestateweb.co.za/realestateweb/view/realestateweb/en/page310?oid=62660&sn=Detail

PRETORIA – The Department of Land Affairs and Rural Development has held off on submitting its Green Paper on Land Reform to the relevant cabinet clusters, saying that it was still reviewing some aspects of the draft policy document.  Earlier media reports stated that the document was to be submitted to parliament on Monday, July 19.

It is speculated that the green paper will stir angry debate and resistance from especially commercial farmers. Although the draft is not yet available for public review it is suggested that it will restrict the amount of land that individuals and companies may own.  Foreigners may also be prevented from owning land in South Africa unless they are married to South African citizens. Further the state may have the right of first refusal when a property owner decides to sell their land.

Posted via email from SA Home Loan News

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