There is little movement on the South African government’s ambition to clamp down foreign land ownership through the controversial Regulation of Land Holdings Bill.
Australians will get a chance to own a 20 per cent stake in the country's largest landholder, S. Kidman & Co, alongside large Chinese investors, after a deal was struck this week to buy the iconic cattle business for more than $370 million.
The Australian government is deferring until after an upcoming federal election a politically sensitive decision on whether to allow the sale of one of the country's biggest cattle empires, S. Kidman & Co, to a Chinese-led consortium.
The Australian operating arm of Shanghai CRED, known as Shanghai Zenith, has agreed to purchase eight properties in the Goldfields, Kimberley and Wheatbelt for around $20 million.
The SABL land grab has resulted in over 5 million hectares of land being unlawfully taken from indigenous rural people and given to foreign corporations.
More than 200 angry ethnic Kuoy villagers who claim their land has been stolen by a Chinese-owned sugar company were blocked from protesting as Prime Minister Hun Sen inaugurated the firm’s mill in Preah Vihear province.
- Phnom Penh Post
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20 April 2016
Representatives of more than 100 ethnic Kuoy villagers plan protest over the opening of a $360 million sugar mill – one of the largest in Asia– owned by Chinese company Rui Feng (Cambodia) International, which has been involved in series of land disputes with local villagers since 2012.
- Phnom Penh Post
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19 April 2016
Australia’s largest pastoral cattle empire, S. Kidman and Co., has agreed to be sold to a Chinese-led consortium for 370.7 million Australian dollars (US$287.3 million), continuing a flurry of deals in the country’s agricultural sector. Earlier proposed deal was rejected by the government last year.
- Wall Street Journal
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19 April 2016
Dakang Australia and Australian Rural Capital say they want to transform S Kidman and Co into a global beef brand
Reactions to Indonesian President Joko Widodo’s recently announced plan to ban new oil palm and mining permits were generally positive on Friday, with activists reminding him that the devil is in details.
Singapore's HLH Group, which already has a 10,000 ha concession in Kampong Speu Province, says it will invest US$10 million to for a 400-hectare agricultural food processing park in Cambodia.
We share the concerns of local communities regarding the growing interest in community land for corporate oil palm plantations.
- SEFE, RADD, CED, GRAIN and WRM
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15 April 2016