He said the proposal to restrict foreign ownership of land is not going to chase away existing and potential foreign investors as they will still have the option to lease land for business use.

The President said this during his traditional post State of the Nation Address (SONA) interview with the South African Broadcasting Corporation (SABC) on Sunday night.

SABC journalist Vuyo Mvoko had asked the President if the decision to disallow land ownership by foreigners would harm the country’s ability to attract foreign direct investment or foreigners doing business in South Africa.

Available: http://www.sanews.gov.za/south-africa/proposal-stop-foreign-land-ownership-%E2%80%98fair%E2%80%99-president