German development bank invests in SA agriculture

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…

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Emerging farmers: South African banks more supportive

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…

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Chain stores and Bank work together for transformation

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…

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Land Bank develops new asset insurance, including options for emerging, small-scale farmers

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…

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