The chairperson of the Committee of Legislation and Justice, Dengtiel Kuur, said the bill was brought to the parliament following strong recommendation from the Chamber of Commerce that the law should protect the interests of the people of South Sudan from foreign investors.
The law reserves ownership of certain types of companies to South Sudanese nationals, while oblige foreign companies to offer sizeable shares to South Sudanese nationals in order to operate in the country.
The bill was unanimously passed with recommendations after being scrutinized for long time by the national parliament.