Panel suggests foreign land-ownership moratorium

South Africa should consider a moratorium on foreign land ownership as an option to ensure the country's citizens are not excluded from the real-estate market, a government-appointed advisory panel recommended.

Other proposals included in the panel's final report, published by the Cabinet yesterday, include enabling foreigners to lease, rather than buy, real estate and requiring ministerial approval for the sale of specified categories of land.

"The final policy will be approved by Cabinet after the public has commented on the report,'' the government said in a statement yesterday.

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