Zimbabwe announced plans to give back land that was taken under their fast track land reform program.
The program started in 2000, which was criticized for being violent and resulted in numerous deaths.
On Friday the Zimbabwean government announced new legislation which former landowners may opt in for repossession or compensation.
The new rules will apply to indigenous farmers and those whose land was protected by treaties.
According to Fin24, several countries, among them South Africa, Austria, France, Germany, Mauritius, Holland, Sweden, and Malaysia had signed investment protection agreements with Zimbabwe.
South Africans were the worse affected as over 200 farmers lost their land.
The South African embassy in Zimbabwe welcomed the decision.
This comes after a statement from President Ramaphosa in February.
Ramaphosa said in February that the amendments to sec. 25 of the Constitution will not undermine property rights, but rather broaden the property rights of all South Africans.
Ramaphosa said the change of the Constitution deals with the extension of fundamental rights to all South Africans “and not only to some as in the past”.
The president said if all South Africans were not given access to land, the injustices of the past would not be rectified. It will also limit economic growth in the country.