South Africa

S.Africa firms launch $408 mln farmland fund

Two South African asset management firms launched a 3 billion rand farmland investment fund on Wednesday that is expected to help boost agricultural development in Africa's biggest economy.

Massive farm failure in South Africa

Minister says new policy proposal will put the restriction of foreign land ownership in South Africa back on the table, as foreigners are buying lands "three times faster" than government is acquiring for redistribution and restitution

SAfrica, Libya farm deal awaits agreement

A new land deal allowing South African farmers to produce livestock, milk and fruit in Libya has been put on hold pending the finalisation of an investment protection agreement between the two countries.

Farmers sample what Libya offers

De Jager is worried about Libya’s record in enforcing contracts with foreign companies, and the lack of social support networks. “There’s a lot of money to be made for someone with balls,” he says.

Sime Darby unit eyes more estates in Africa

Sime Darby Bhd, which owns 220,000ha of oil palm estates in Liberia, plans to strengthen its presence on the African continent and is eyeing more land in Cameroon, Congo and South Africa. The expansion is part of a long-term strategy to double planted areas to one million hectares and be nearer to the growing markets of Europe and the US.