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  • Industrial Land For Sale

    Click to enlarge QUALITY BUSINESS ENVIRONMENT WHICH FORMS THE ENTRANCE TO JOHANNESBURG R59 INDUSTRIAL CORRIDOR. ACCESSIBLE TO ALL MAJOR...
    Area: klipriver
    Erf Size: n/a
    Building Size: n/a
    R 500
  • Investment Opportunites For Sale

    Click to enlarge 2 UNITS OF 150M2 EACH BOTH TENANTED BY A BLUE CHIP TENANT IN A RUIMSIG VERY SECURE AND UPMARKET OFFICE PARK
    Area: Willowbrook - Rumsig
    Erf Size: n/a
    Building Size: 300 m2
    R 3 300 000
  • Office Space To Let

    Click to enlarge 1400m2 office available in this very attractive building with excellent exposure to the n1 freeway. offices cqn be fi...
    Area: Midrand
    Erf Size: n/a
    Building Size: 1400 m2
    R 75

Following Land Reform Minister, Gugile Nkwinti’s recent announcement that foreign land ownership will be restricted ...
Feb 13, 2013

Following Land Reform Minister, Gugile Nkwinti's recent announcement that foreign land ownership will be restricted to leasehold once government's land policy is finalised and passed into law, Seeff Chairman, Samuel Seeff has called for greater clarity on this. From what we understand, this is a decision taken at the Mangaung Conference, but it is unclear whether this applies to state or privately owned land, or both. It is also not clear whether this extends to agricultural land only or also to residential ownership, he says.
While we agree with the philosophy of wanting to restrict the sale of government owned land, we would question the value of restricting private land ownership by foreign nationals. Foreign property ownership accounts for an insignificant 1% of all ownership. FNB's latest Property Barometer puts foreign property sales at about 3,5% of all sales and, even at the height of what is viewed as one of the best property booms in decades (i.e. between 2003 and 2007/8), foreign sales was at just over 6%, he says. These figures also do not take into account that foreigners also sell property, the net effect of which brings this percentage down to about half, he adds.

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