The Department of Land Reform owns 4000 farms! They’re not making it available… There are complications in terms of its ability to make transfers.— Roelf Meyer, In Transformation Initiative
Land by itself doesn’t make any economic contribution.— Loyiso Ndlovu, Land Bank
There is a need for land reform as far as urban properties are concerned… Not only for the RDP-dweller, but also the shack dweller.— Roelf Meyer, In Transformation Initiative
Roelf Meyer and the Land Bank are working together to promote transformation in agriculture.
On Wednesday (17 May) they launch a new initiative that will highlight successful transformation projects.
The Land Bank recently announced that it would be providing R1-billion in financing for black entrepreneurs to invest in high value agricultural economic assets.
This is in addition to undertaking R500-million worth of investments in high-value agribusinesses to support black industrialists in the sector.
It will also be providing emerging farmers with the financial and technical support that allows these farmers to expand their activities to a commercial scale.
Land Bank CEO TP Nchocho says funding alone will not lead to growth.
The transfer of skills from large commercial farmers to emerging farmers, including vulnerable groups such as women and youth is vitally important, so collaboration is essential.— TP Nchocho, Land Bank
The Money Show’s Bruce Whitfield interviewed Meyer (In Transformation Initiative Chair) and Land Bank Executive Manager for Commercial Development Banking Loyiso Ndlovu for his weekly “The Science Of” feature.
Meyer is famed for negotiating – together with Cyril Ramaphosa – the end of apartheid.
He served as the Minister of Constitutional Affairs in the cabinet of President Nelson Mandela.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
Agriculture can create jobs.— Roelf Meyer, In Transformation Initiative
We don’t have time for a discourse…— Loyiso Ndlovu, Land Bank
Participating in this sector can give employment and stability.— Loyiso Ndlovu, Land Bank
There are good examples in all provinces of transformation that is taking place.— Roelf Meyer, In Transformation Initiative
90% of South Africa’s food is produced by commercial farmers.— Loyiso Ndlovu, Land Bank
You have to increase the number of farmers that farm at commercial scale.— Loyiso Ndlovu, Land Bank
We must maintain food security.— Loyiso Ndlovu, Land Bank
There’s a lot of populist rhetoric on land reform.— Roelf Meyer, In Transformation Initiative
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby THE NEWSROOM
The Money Show’s Bruce Whitfield interviews De Klerk.
This and other insights on fintech from Rand Merchant Investments Senior Investment Executive Dominique Collett.
Bruce Whitfield interviews EWN’s Lindsay Dentlinger and journalist Craig McKune (amaBhungane Centre for Investigative Journalism).
Ad guru Andy Rice slams H&M for its full-page apology. He praises a funny, anti-drug billboard from the United States.
The Money Show’s Bruce Whitfield interviews K about his attitude to money (hopes and fears, successes and failures, etc.)
Feroz Basa (Old Mutual Investment Group) reviews “Unshakeable: Your Financial Freedom Playbook” by Tony Robbins.
Revelations published today show how the premier's sons and Free State govt appear heavily involved in the Gupta-owned companies.
The EFF lawyer stole the show during the state capture report court battle.
Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?
The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.