News: "Mbeki's plan for land redistribution brings angry response from whites
By Basildon Peta in Johannesburg
30 July 2004
The South African government is considering new regulations to limit foreign ownership of property in South Africa, in a move that would directly affect British investors.
The proposed measures, which are still being worked out by the government, are an attempt to deal with soaring property prices caused by rich foreigners buying properties in South Africa, pushing local people out of the market. A large number of Britons, have bought homes in Cape Town, taking advantage of the strong pound against the South African rand."
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