Emerging farmers get R3.7bn to acquire land
The government will continue to support people wanting to own their own homes with R950m set aside over three years for the scheme
The government has set aside R3.7bn to assist emerging farmers seeking to acquire land, finance minister Tito Mboweni said on Wednesday. “A robust debate on land is taking place in SA,” Mboweni said in his budget speech. “We are supporting private-sector investments in agriculture by emerging farmers. R1.8bn is allocated for the implementation of 262 priority land reform projects over the next three years. R3.7bn is set aside to assist emerging farmers seeking to acquire land to farm.” Mboweni said the Land Bank will support smallholders and leverage partnerships with other financial institutions. It aims to disburse R3bn in the next fiscal year. He also said the government continued to support people wanting to own their own homes. Funding totalling R14.7bn over the two outer years has been reprioritised to two new conditional grants for informal settlement upgrading, which will enable these households to have access to basic amenities. The minister said the “Our Help to Buy” subsi...
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