News archive

News archive - December-2010

Farmers don't bank on Land Bank

Cape Town  - Commercial banks currently contribute 75% towards agricultural financing in South Africa,  while the Land Bank’s 30% share in 2000 has fallen to 8%.

These figures on agricultural financing came to light in a debate on the subject initiated by the Agricultural Business Chamber (ABC).

The debate follows Finance Minister Pravin Gordhan’s request for a further urgent look into agricultural financing, and especially development finance.

06.06.2011 / Agbiz in the news

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