Johannesburg- Government is working on a plan that would help prevent redistributed land being used as collateral by banks, Land Reform Minister Gugile Nkwinti said on Thursday.
“We know that when people are in trouble, they go to the bank and use it (their land) as collateral, and the land is taken away,” he said at a televised The New Age breakfast briefing.
“We don't want them to lose their land for a second time.”
Nkwinti was referring to the Khoi-San people and their descendants, whose land was dispossessed after the 1913 Natives Land Act, and who are now benefiting from land restitution and financial compensation.
Nkwinti noted that the Khoi-San people had lost land even before 1913.
Land redistribution was not only about owning land, but also about production and sustaining it.
He said government wanted every household to be treated like a basic production unit. - Sapa