Billions spent on distressed farmers
FMCG SUPPLIER NEWS
Fin24 - Aug 14th 2012, 09:20
Cape Town - Government has had to pump money into almost 600 farms in distress from April 1, 2010, to December 31 last year, Land Reform Minister Gugile Nkwinti said on Monday.
Replying in writing to a parliamentary question from an opposition MP, Nkwinti said R1.3bn was spent on helping 411 distressed farmers by April last year. By December, this amount had more than doubled.
"For the period 1 April 2011 to 31 December 2011, a total of 595 projects were assisted, including the farms that were assisted during the 2010-2011 financial year," Nkwinti said.
"In total, financial assistance to the amount of R3 585 23614.79 was provided."
This included financial and technical assistance in the form of contracted strategic partners, mentors, and in some cases service providers to render services, such as water reticulation.
Nkwinti has acknowledged that the state will not achieve its aim of transferring 30% of white-owned agricultural land to emerging black farmers by 2014.
Related News
Formal sector employment up 0.1%
19/06/2013 - 07:57
Johannesburg - The number of people employed in the formal non-agricultural sector of the South African economy rose by about 7 000‚ or 0.1%‚ in the first quarter of 2013‚ the March Quarterly Employment Statistics (QES) survey released by Statistics SA on Tuesday shows.
Agriculture gets a boost in Argentina deal
14/06/2013 - 09:15
Johannesburg - South Africa has entered into a bilateral agreement with Argentina on co-operation in the agricultural sector, it was announced on Tuesday.
SA maize falls after USDA report
14/06/2013 - 08:20
Johannesburg - South African corn declined for a second day after a report from the US Department of Agriculture showed more production than anticipated.
Agri-sector boosts 54 000 new jobs
30/05/2013 - 09:11
Cape Town - A total of 54 000 new jobs were created in the agriculture sector in the first three months of the year, Agriculture Minister Tina Joemat-Pettersson said on Wednesday.
Africa’s growth forecast to accelerate
28/05/2013 - 08:34
Johannesburg - Africa’s economic growth is expected to accelerate this year and next, led by oil and mining projects in West Africa and a resurgence in foreign direct investment, according to the African Development Bank.
