The Land Bank signed an agreement for a loan of R900 million from the German development bank, KfW. The loan will provide a much needed boost for the South African (SA) agricultural sector. The KfW Development Bank has been supporting and funding agriculture in more than 20 African countries, including…
The Land Bank will now take respected mentors into consideration when deciding whether to fund emerging farmers. During the African Farmer’s Association of South Africa (Afasa) annual congress in Johannesburg, Portia Zulu, provincial manager of Land Bank, said emerging farmers must overcome different challenges. Zulu was part of a panel…
Emerging farmers’ access to financing should be combined with technical support, said the executive head of the Land Bank. Mr TP Nchocho, with the undersigning of a memorandum of an agreement (MoU) between the bank and Pick ’n Pay, said access to finances cannot solely be the main catalyst for…
The Land Bank insurance branch in cooperation with TWK Agri has developed a new asset insurance product tailored for the agricultural sector. It also caters to the needs of small and emerging farmers. Kobus Stapelberg, manager or corporate insurance at TWK Agri, said their research showed general comprehensive insurance which…
South Africa’s first group of 13 black crop insurance brokers excelled in their first summer production season. Dini Nondumo, executive manager for sales and distribution at South Africa's the Land Bank Insurance Company (LBIC), at the recent Nampo harvest day said the company had hoped to collect between R2 million…
Forget about government and its promises – rather forge partnerships with commercial farmers. That’s the advice given to prospective black farmers from Sernick Agriculture Group’s Nick Serfontein. Serfontein was a panellist at the Nampo harvest day in South Africa’s North West Province where he discussed the Land Bank’s new financial…
Commercial farmers find it heart-breaking to see unused land. That is why they help emerging farmers, said Milan Thalwitzer of the Bosveld Group. At the media launch of this years’ Nation in Conversation series at the Nampo harvest day, Thalwitzer said in his district alone he is aware of 40…
South Africa’s Land Bank wants to provide R1 billion worth of finance to black entrepreneurs in the 2018 financial year to invest in predetermined agricultural products like fruit and nuts. CEO TP Nchocho said the bank also wants to invest R500 million in specific food and agricultural processing industries which…
The approval of a R1.3 billion (US$93million) loan from the World Bank to South Africa’s Land Bank, is a significant boost for the country’s emerging farming sector. The loan is noteworthy since it is a long-term loan spread over 25 years. It advances the country’s target to create 1 million…
