In his address President Zuma made considerable reference to Land Reform issues, including the introduction of a 12 000 hectares land ceiling, foreigners to be deprived of owning land in South Africa, the introduction of the Office of the Valuer General to signal the end of the so-called "Willing buyer, willing seller" principle, and the introduction of the 50/50 farmworker equity and co-management scheme on a pilot basis.
“While little detail exists as to how government intend rolling out these controversial measures, Agbiz will be engaging with government in the legislation drafting process to firstly assess the impact these measures will have on business confidence and the investment climate in the sector, and ultimately on growth, employment and food security. Secondly Agbiz will attempt to alleviate the negative consequences these announced measures will have on the industry through engagement with government and other stakeholders,” Dr John Purchase, CEO of Agbiz stated today. Read more
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