RMB platform will help fill funding gap left by Land Bank
Facility to enable farmers to widen their funding bases by accessing extra liquidity from institutional investor market
RMB has launched a new platform to facilitate funding for the SA agriculture sector, which has been left with liquidity challenges due to the financial distress of state-run financier Land Bank.
The Agri Harvest Funding Platform allows agricultural businesses to diversify their funding bases beyond the traditional single commercial bank funder model, which can potentially lower their financing costs and result in lower farm gate prices. RMB says the platform will also help alleviate the funding crunch faced by some farmers due to the stressed financial position of Land Bank, which is still unable to fully resume lending due to its 2020 debt default...
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