MegaBanner-Right

LeaderBoad-Right

LeaderBoard-Left

Home » Industry News » R2.5bn made available for drought-stricken farmers

R2.5bn made available for drought-stricken farmers

About R2.5bn was made available to farmers last year as the country experienced a severe drought, says President Jacob Zuma.

Delivering the State of the Nation Address, President Zuma said on Thursday the funds were made available for the provision of livestock feed, water infrastructure, drilling, equipping and refurbishment of boreholes, auction sales and other interventions.

“Furthermore, the Industrial Development Corporation and the Land Bank availed funding of about R5 million to distressed farmers to manage their credit facilities and support with soft loans,” he said.

The President said farmers went through a difficult period last year because of the drought.

Government is committed to supporting black smallholder farmers.

“I received a memorandum from the African Farmers Association of South Africa who say the year 2017 must be the year of the commercialisation of the black small holder farmers.

“Indeed, government will implement a commercialisation support programme for 450 black smallholder farmers,” President Zuma said.

He encouraged more women to consider farming as a career.


 

Source

 

SAnews.gov.za

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

BMG lifts safety and performance with advanced lifting and rigging solutions

BMG lifts safety and performance with advanced lifting and rigging solutions BMG’s dedicated Tools & Equipment Lifting and Rigging division provides solutions for lifting and...

Canada, Australia bet South African

Canada, Australia bet South African CONSULTING firms in Canada and Australia have placed multiple orders on a South African company to manufacture cranes, hoists and...

MUST READ

Cape Winelands Airport to reshape Western Cape economy

Cape Winelands Airport to reshape Western Cape economy By Adrian Ephraim SOUTH AFRICA’s largest listed real estate investment trust has made a strategic bet on the...

RECOMMENDED

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.