President Cyril Ramaphosa and deputy president David Mabuza received the report of the advisory panel on land reform and agriculture on Tuesday.
The panel was appointed in September and tasked with advising the ministerial committee of various matters relating to land reform.
Ramaphosa says the land reform and agriculture report is the first step to ensure all South Africans share the wealth of the land.
Before being released to the public, the scope of the mandate will be put to the cabinet and should government decide to go ahead with wider powers to seize land without compensation it could mean that local and international investors miss out on land which are zoned for mining, farming and other commercial activities.
It is unclear how much longer the process will take as the law will need to be passed by both houses of parliament before being signed by Ramaphosa.