Land reform not driving farm sales

Farms that are being put on the market in South Africa have more to do with financial challenges and the impact of droughts, rather than fear around land expropriation without compensation. That’s the view of agricultural economist Johann Bornman, who says statistics show a decline in the number of farm properties sold in the country last year. New mortgages granted for farms have also declined. Other agricultural economists shared similar views when questioned by Moneyweb this week on farm sales trends. Bornman, founder of Agri Development Solutions, says the number…

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How Coega is boosting the local economy

By Nosihle Shelembe Located in the Nelson Mandela Bay Metropolitan Municipality, the Coega Industrial Development Zone (Coega IDZ) is a world class infrastructure which provides the integration of services and industries with the rest of the African Continent and the World. The Coega IDZ is one of several efforts by government to create economic development and growth opportunities for the people of the Eastern Cape. Developed and managed by the Coega Development Corporation (CDC), the Coega IDZ aims to drive local and foreign direct investments in export-oriented industries, positioning South…

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