Categories: NewsSouth Africa

Sales of agricultural land shows increase in black ownership

Statistics released by Windeed, an online search tool for property information used by most conveyancers in South Africa, showed that…

According to Ernest Pringle, Agri SA’s agricultural development policy committee chairperson, from April 2015 to March 2016, about 4 325 agricultural properties were transferred, of which 576 were transferred to black owners.

Pringle said that "of the 576 properties, 453 were sold through the market [willing buyer, willing seller]; 111 were sold to the government for land reform, and 12 were indeterminate and categorised as "other"".

The total area transferred to blacks was 265 257ha, of which 172 423ha was sold privately, Pringle explained.

“The average price paid per hectare was R15 519, which tells you that most transactions were in high rainfall, fertile areas, or on the fringes of metros,” Pringle added.

Pringle stated that as it was impossible to work out the racial component of corporations and trusts, therefore these figures for black ownership could be even higher.

Recent Posts

Damara sheep: No environment too tough

Since importing his first Damaras from Namibia in the late 1980s, stud breeder Frank Blumenthal has firmly believed in the…

12 hours ago

Court case over expropriation recommendation looming

While Parliament's Joint Constitutional Review Committee (CRC) is preparing its final parliamentary report on the possible amendment of Section 25…

14 hours ago

Leafroll virus in vines can be beaten – here’s how

Leafroll virus is a serious threat to South Africa’s viticulture industry: it shortens the lifespan of vineyards and has a…

3 days ago

SA Chardonnay deserves better prices – experts

It was evident at this year’s Chardonnay Celebration, hosted by De Wetshof near Robertson, that Chardonnay had come a long…

3 days ago

Farmers welcome sharp decline in fuel prices

The large drop in the diesel price that can be expected for December, as announced by the Automobile Association (AA)…

3 days ago

A healthy profit from pasture-raised eggs

As a technician specialising in the installation and repair of gates, Rico Vergotine had little reason to be interested in…

3 days ago

This website uses cookies.