S. Africa to Buy $328 Million on Farmland, Bus. Day Says
The South African government plans to spend 2.7 billion rand ($328 million) buying more than 320,000 hectares of farmland to distribute to black farmers, Business Day said, citing Land Reform Minister Gugile Nkwinti.
An additional 1.2 billion rand will be spent on strategic support to 416 new farmers, targeting farms lying unused after being transferred to black farmers, the Johannesburg-based newspaper quoted Nkwinti saying.
-- Editors: Ana Monteiro, Ben Holland
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