Land Bank needs overhaul to help black farmers, says Kuben Naidoo
Black farmers require access to finance at affordable rates, says Reserve Bank deputy governor
19 April 2022 - 05:10
The government must establish a dedicated agricultural lender that receives an annual subsidy of about R2bn from the fiscus if SA is to develop a class of black commercial farmers while growing farming’s output and employment.
This is the call from Reserve Bank deputy governor Kuben Naidoo, who said last week that if SA was to break free of its “history of dualism” in agriculture it needed to provide black farmers with access to finance at affordable rates...
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