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Govt commits support for clothing, textiles sector and emerging farmers  

By: Marleny Arnoldi     24th October 2018 The National Treasury has, over the medium term, placed incentives for agriculture, land reform, manufacturing and research and development among its priorities for expenditure reprioritisation. The Clothing and Textile Competitiveness Programme has helped sector exports grow from R7.1-billion in... 

Ramaphosa aims to crowd in private resources for infrastructure fund

By: Terence Creamer     21st September 2018 President Cyril Ramaphosa has placed the creation of a public-private infrastructure fund at the heart of an economic stimulus and recovery plan, otherwise constrained by South Africa’s serious fiscal constraints. In unveiling the plan during a briefing at the Union Buildings in Pretoria on... 

Agricultural organisations commit to developing national strategy

By: Simone Liedtke     27th August 2018 The presidents of the African Farmers Association of South Africa (Afasa), the National African Farmers Union of South Africa (Nafu SA), Agri SA and the Transvaal Agricultural Union of South Africa (Tau-SA), as members of the Agri Sector Unity Forum (Asuf), on Monday declared their intent to work... 

Land Bank says land expropriation could trigger default

By: Reuters     21st August 2018 South Africa's State-owned Land Bank said on Monday a plan to allow the State to seize land without compensation could trigger defaults that could cost the government R41-billion rand if the bank's rights as a creditor are not protected. Land Bank is a specialist bank providing financial services... 

Land Bank welcomes board changes

By: Simone Liedtke     4th June 2018 The Land and Agricultural Development Bank of South Africa (Land Bank) has welcomed recent appointments to its board, which it believes will serve to strengthen its commitment to good corporate governance. The recent appointments include MA Moloto as the new chairperson of the board, D Hlatshwayo... 

SMMEs catalyst to growth, transformation and job creation in agriculture

3rd May 2018 President Cyril Ramaphosa has earmarked 2018 as the year to take decisive action to realise the economic potential of the agricultural sector. In the second and third quarters of 2017, agriculture made the biggest contribution to the growth of the economy and forecasting shows that agriculture... 

‘Sunlight the best disinfectant’

By: Terence Creamer     13th April 2018 Asset manager Futuregrowth attracted praise and criticism, possibly in equal measure, when it announced in August 2016 that it was suspending lending to six large State-owned enterprises (SoEs), owing to concerns over the state of their governance. The list included the Development Bank of... 

Land expropriation without compensation key for economic growth – Masondo 

By: Anine Kilian     6th March 2018 Land reform, including the uncompensated expropriation of land, is necessary for economic growth and development and will contribute towards ending unacceptable levels of inequality, poverty and unemployment, African National Congress (ANC) National Executive Committee (NEC) member Dr David... 

Land Bank launches climate change adaptation funding facility for farmers

By: Anine Kilian     7th February 2018 The Land and Agricultural Development Bank (Land Bank) on Wednesday announced the start of a new funding facility geared towards the support of climate change adaptation and mitigation projects. The €50-million facility, secured through the European Investment Bank (EIB), is set to strengthen the... 

KfW Development Bank signs R900m loan facility with Land Bank

By: Anine Kilian     1st February 2018 Germany’s KfW Development Bank on Thursday signed an agreement for a R900-million loan to the Land and Agricultural Development Bank of South Africa (Land Bank). The loan, which will assist the Land Bank with refinancing its loan book and extending longer-term financing to both emerging and... 

Land Bank a key driver in transforming agri sector in South Africa

By: African News Agency      22nd November 2017 South Africa’s State-owned financial institution the Land Bank has a number of key deliverables, but one of the most important is to help transform the sector by assisting emerging and smallholder farmers. The Land Bank is one of the key institutions at the Africa Agri Investment Indaba 2017... 

Standard Bank creates R1.8bn debt funding model for South African agricultural sector

By: African News Agency      6th November 2017 Standard Bank on Monday announced the creation of a new R1.8-billion debt funding model for the South African agricultural sector. Standard Bank will go into partnership with agribusiness, Transvaal Wattle Growers Co-operative Limited (TWK), and the Land Bank. 

Land Bank hikes FY17 profits to R372m

By: African News Agency      3rd August 2017 The Land and Agricultural Development Bank on Thursday, released a strong set of results for the financial year ending March 31, 2017, as the group and bank generated a profit of R372.2-million and R316.3-million respectively, compared to R181.9-million and R94-million in 2016. The bank said this... 

DTI to reveal list of incentive beneficiaries by end-July

By: Megan van Wyngaardt     25th May 2017 The Department of Trade and Industry (DTI) on Thursday said it would, following a request for information from a number of stakeholders, release a list of beneficiaries across its incentives programmes at the end of July. The list will be made available along with an incentive report that details... 

DTI refuses to release list of black industrialist scheme beneficiaries for fear they will be ‘harassed’ 

By: Terence Creamer     23rd May 2017 Trade and Industry Minister Dr Rob Davies showcased four recipients of government’s flagship Black Industrialist programme (BIP) during his Budget Vote on Tuesday, but astonishingly refused to release the names of all 46 recipients of the non-refundable government grants and concessional loans.... 

Land Bank sets aside R1bn to support black farming investments in 2017  

By: Terence Creamer     20th April 2017 South Africa’s Land Bank has set a target of disbursing “at least” R1-billion in 2017/18 to support investments by black entrepreneurs in the agricultural sector and to begin transforming a loan book that is still overwhelmingly composed of funding to established commercial farmers. Should the... 

DAFF to assist agricultural sector increase production  

By: Anine Kilian     17th March 2017 The Department of Agriculture, Forestry and Fisheries (DAFF) plans to boost agricultural production, which was severely affected by the drought in recent years. Addressing delegates at the Agricultural Research Symposium 2017 in Centurion, Gauteng, on Friday, Agriculture, Forestry and Fisheries... 

Davies confident that black industrialists will succeed

By: Creamer Media Reporter      10th March 2017 The Department of Trade and Industry is confident that the 27 black industrialists that are the grant recipients of an aggregate R577-million under the Black Industrialists Incentive Scheme will be successful. Trade and Industry Minister Dr Rob Davies believes these companies will succeed in... 

Futuregrowth lifts DBSA lending suspension

By: Terence Creamer     21st November 2016 The Development Bank of Southern Africa (DBSA) has become the third public entity to confirm that Futuregrowth Asset Management has lifted a lending suspension imposed on it and five other State-owned companies (SoCs) earlier in the year. On August 31, Futuregrowth announced that, owing to... 

Transnet to terminate Trillian relationship, seeks Futuregrowth apology  

By: Terence Creamer     7th November 2016 State-owned logistics group Transnet will be terminating its relationship with both Trillian Capital and Regiments Capital in light of the current fallout surrounding the two companies – developments that are reflected in the Public Protector’s ‘State of Capture’ report and is currently also the... 

Futuregrowth lifts Land Bank lending freeze

By: Terence Creamer     26th September 2016 The Land Bank announced on Monday that Futuregrowth Asset Management had, with immediate effect, lifted a lending suspension controversially imposed on the bank, as well as five other State-owned companies (SoCs), on August 31. Besides the Land Bank, Futuregrowth also froze any new lending to the... 

Meeting between Brown, Old Mutual and Futuregrowth postponed to Sept 13

By: Creamer Media Reporter      8th September 2016 The Department of Public Enterprises reported on Thursday that a meeting between Minister Lynne Brown and the CEOs of Old Mutual and Futuregrowth Asset Management, which had been scheduled for September 8, had been postponed until September 13. Brown, who is Shareholder Minister for Eskom and... 

Brown to meet Futuregrowth, Old Mutual after ‘unfortunate’ funding suspension

By: Terence Creamer     6th September 2016 Public Enterprises Minister Lynne Brown, who is Shareholder Minister for Eskom and Transnet, will meet with the CEOs of Old Mutual and Futuregrowth Asset Management on September 8, following Futuregrowth’s suspension of financing to six State-owned Companies (SoCs), owing to governance concerns.... 

IDC shocked at Futuregrowth’s decision to halt lending to some SOEs

By: Anine Kilian     2nd September 2016 The Industrial Development Corporation (IDC) has expressed surprise at asset management firm Futuregrowth Asset Management’s decision to suspend lending activities to certain State-owned enterprises (SOEs). The media earlier this week reported that Futuregrowth would halt lending to the IDC,... 

Eskom, Transnet say liquidity not immediately affected by Futuregrowth suspension 

By: Terence Creamer     1st September 2016 State-owned electricity utility Eskom and freight logistics group Transnet insisted on Thursday that their immediate liquidity was not threatened by the announcement by Futuregrowth Asset Management that it was suspending additional loans to six State-owned companies (SoCs), including Eskom and... 

Demand for Land Bank drought-relief loans surging

By: Anine Kilian     18th May 2016 Demand for State-owned land and agricultural financial services provider Land Bank’s recently announced drought relief concessional loans is surging as South Africa’s record-breaking drought conditions continue to cause widespread devastation to agricultural crops and livestock. The bank stated... 

Technical team set up to craft post-2020 automotive master plan 

By: Terence Creamer     9th May 2016 Trade and Industry Minister Dr Rob Davies formally announced on Monday the establishment of a team of technical experts to develop a “post-2020 Automotive Master Plan”, which would guide support for the sector beyond the current Automotive Production and Development Plan (APDP). Speaking during... 

Land Bank offers drought-affected farmers soft loans

By: Mia Breytenbach     15th April 2016 State-owned specialist land and agricultural financial services provider Land Bank has called on farmers in drought-declared provinces to apply for concessional loans, raised by the bank from the Industrial Development Corporation (IDC), to help ease the effects of the drought and return to... 

Black industrialists funding forum sifting through first 50 applications 

By: Terence Creamer     31st March 2016 South Africa’s black industrialists funding forum had its inaugural meeting in mid-March to consider 50 applications from aspirant black-owned manufacturing enterprises, Trade and Industry Minister Dr Rob Davies revealed this week. Speaking following a meeting with the Black Business Council... 

Land Bank offers drought-affected farmers relief measures

By: Mia Breytenbach     30th March 2016 State-owned specialist land and agricultural financial services provider Land Bank has called on farmers in drought-declared provinces to apply for concessional loans, raised by the bank from the Industrial Development Corporation (IDC), to help ease the effects of the drought and return to... 

Cabinet sheds light on minimum wage and drought  

By: News24Wire      8th March 2016 A delegation of Cabinet ministers who briefed the media on the nine-point plan President Jacob Zuma announced in his State of the Nation address last month touched on the proposed national minimum wage, the disastrous drought and President Jacob Zuma’s latest utterances on land claims. Labour... 

Land Bank profit falls, cuts costs in FY2015

By: Tracy Hancock     27th August 2015 State-owned entity Land Bank has posted a 9.3% drop in profit from continuing operations year-on-year, citing a decline to R352.5-million in the 2015 financial year from R388.6-million in the 2014 period. The bank’s net cash position improved from R1.47-billion to R1.61-billion, while it managed... 

Tshego Sefolo

10th July 2015 Tshego Sefolo is Managing Director of Zico Group, a private-equity investment company. 

Government outlines plans for forging new generation of ‘active’ black industrialists

By: Natasha Odendaal     29th May 2015 There are growing indications that the South Africa government is seeking to change gears in the area of black economic empowerment (BEE), with the departments of Trade and Industry (DTI) and the Economic Development planning to leverage public procurement, incentive schemes and development... 

Government outlines plans for forging new generation of ‘active’ black industrialists

By: Natasha Odendaal     29th May 2015 There are growing indications that the South Africa government is seeking to change gears in the area of black economic empowerment (BEE) , with the Department of Trade and Industry (DTI) and the Economic Development Department planning to leverage public procurement, its incentive schemes and... 

Agribusiness push continues as govt seeks to bolster economic growth, job creation

By: Tracy Hancock     27th March 2015 Government continues to stress the importance of the agroprocessing agenda in an attempt to bolster economic growth and job creation, while also securing South Africa’s future food requirements in an economy that fell short of its growth target in 2014, achieving only 1.5%, after initially being... 

Agribusiness push continues as govt seeks to bolster economic growth, job creation

By: Tracy Hancock     27th March 2015 In 2015, government continues to stress the agroprocessing agenda in an attempt to bolster economic growth and job creation, while also securing South Africa’s future food requirements, in an economy that fell short of its growth target in 2014, achieving 1.5%, after initially being forecast to... 

Black industrialists to get financial boost through DFI credit, DTI grants

By: Natasha Odendaal     25th March 2015 Access to finance for South Africa’s black industrialists could become easier as the Department of Trade and Industry (DTI) announces several State-led support initiatives as part of its Black Industrialists Development Programme. Unpacking the DTI’s plans for black industrialist development,... 

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