Maryna holds the BA, LLB, LLM degrees and is a Director at the Cape Town offices of STBB. She is an admitted Attorney, Notary Public and Conveyancer with many years of experience in the field of property law and conveyancing. She is also the firm's Marketing Director and attends to external publications for the firm as well as conducts ongoing training for estate agent and bankers training and is a regular seminar presenter for attorneys and property practitioners.

Newsflash | New Caps On Foreigners Acquiring Farm Land

The Regulation of Agricultural Holdings Bill was published for public comment on Friday of last week. The Bill sets as its aim, to “foster conditions which enable citizens to gain access to land on an equitable basis” and to “redistribute agricultural land more equally”.

It determines, amongst other things, that:

  • Foreigners may no longer acquire ownership of agricultural land, but may register 30 year long term leases in respect thereof.
  • If a foreigner sells currently owned agricultural land, the State has a right of first refusal in respect thereof.
  • If a South African citizen owning agricultural land becomes a foreigner, the State must be notified, and on disposal of the land, the State again has the right of first refusal.

There are many more novelties in the Bill, which can be read (together with the Explanatory Memorandum) here.

The public can submit comments before 17 April to RAHLBill@drdlr.gov.za.

Contact STBB should you have any further queries.

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