Economic Sector, Employment and Infrastructure Development Cluster
Government wants the proposed Regulation of Land Holdings Bill signed into law before the end of 2015.
The rural development and land reform minister, Gugile Nkwinti, stressed this during an Economic Sector, Employment and Infrastructure Development Cluster post-SONA media briefing in parliament.
President Zuma mentioned the bill during his State of the Nation Address two weeks ago.
The proposed legislation aims to prevent foreign nationals from owning agricultural land in South Africa going forward but would allow them to enter into long-term leases of land.
The leases would be valid for 30 years.
The bill also intends restricting land ownership for all legal and natural persons to 12 000 hectares per individual.
The minister again clarified that the proposed ban on foreign ownership did not apply to residential property.
He added that the 50/50 policy framework for agricultural land that proposes relative rights for people who live and work on farms would be implemented immediately. 50 projects would initially be piloted.