The South African agribusiness environment will be faced with various challenges in 2017, especially in terms of engaging with key land reform legislation, according to Agricultural Business Chamber (Agbiz) CEO Dr John Purchase, who delivered an agricultural industry forecast for 2017 on Friday. At a Pretoria-based conference focused on South Africa’s the agriculture and agribusiness sectors, Purchase highlighted the revised Expropriation Bill in Parliament; the possible introduction of the Regulation of Land Holdings Bill, which proposes land ceilings; and the prohibition of agricultural land ownership by foreigners into the legislative process, as major legislative challenges that would affect the agribusiness space.
Source: www.engineeringnews.co.za
Agribusiness to face several challenges in the new year – Agbiz
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