Land reforms are an important mechanism for addressing inequalities in society. While addressing South Africa’s racialised land inequalities remains crucial, new forms of class inequality are produced through land reform, with the well-off becoming predominant as beneficiaries. This article focuses on elite capture in land redistribution and analyses land-reform outcomes in South Africa’s state land lease and disposal policy (SLLDP). The article presents empirical evidence from 62 land-reform farms in five provinces of South Africa and shows how policy biases in favour of well-off beneficiaries converge with corruption and rent-seeking practices to produce uneven agrarian outcomes. Beneficiary selection and targeting inherently favour well-off beneficiaries, who are considered competent to engage in large-scale commercial farming. Land reform is a new frontier of accumulation for different agribusinesses, urban-based businesspeople and state officials, who increasingly benefit from cheap state land and various forms of production support meant to recapitalise land-reform farms.

土地改革是解决社会不平等的重要机制。虽然解决南非种族化的土地不平等问题仍然至关重要，但通过土地改革产生了新形式的阶级不平等，富人成为主要受益者。本文重点关注土地再分配中的精英捕获，并分析南非国家土地租赁和处置政策 (SLLDP) 中的土地改革成果。本文介绍了来自南非五个省的 62 个土地改革农场的经验证据，并展示了有利于富裕受益人的政策偏见如何与腐败和寻租行为相结合，从而产生不均衡的农业成果。受益人的选择和定位本质上有利于富裕的受益人，他们被认为有能力从事大规模商业化农业。