South Africa's Zuma pushes ahead with curbs on foreign land rights

February 14, 2015 11:47 AM

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South Africa's Zuma pushes ahead with curbs on foreign land rights

JOHANNESBURG (Reuters) - Foreigners will be barred from owning land in South Africa and no individual will be able to own more than 12,000 hectares, the equivalent of two farms, under legislation currently in the works, President Jacob Zuma said on Saturday.

Giving more details of a Land Holdings Bill announced this week in a State of the Nation address, Zuma said foreign individuals and companies would be restricted to long-term leases of between 30 and 50 years.

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