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

2026 Geopolitical Risk Squeezes South African Business Margins as Rand Volatility Rises

2026 Geopolitical Risk Squeezes South African Business Margins as Rand Volatility Rises This year has been marked by significant geopolitical instability. As the conflict in...

TotalEnergies partners with False Bay TVET to support entrepreneurship along the West Coast

TotalEnergies partners with False Bay TVET to support entrepreneurship along the West Coast TOTALENERGIES EP South Africa marked a significant milestone in its commitment to...

MUST READ

Cape Town overtakes London as sixth worst city for traffic congestion

Cape Town overtakes London as sixth worst city for traffic congestion Study shows commuters face increasing delays as rail and bus upgrades aim to reduce...

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.