Agriculture and land reform minister Thoko Didiza said the fund will give priority to dairy farmers, piggeries, poultry, all irrigated commodities and on-farm processing.
South Africa’s government established a fund to reduce the effect of power outages on the agriculture industry and incentivize investment in alternative energy, Agricultural and Land Reform Minister Thoko Didiza said.
The fund — a joint project between the Department of Agriculture and Land Reform and the Land Bank — will provide a combination of loans and grants to qualified recipients, Didiza told reporters in the capital, Pretoria, on Tuesday. It will have R1.21 billion, with R500 million provided by the department and the remainder as loans from the Land Bank.
“The priority will be on supporting dairy farmers, piggeries, poultry, all irrigated commodities and on-farm processing,” she said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 important things happening in South Africa todayThe SARB will face parliament over Phala Phala report; Tutuka station to start bringing units back online; Agriculture is buckling over minimum wage increases; and Capetonians revolt over electricity tariffs.
Read more »
Eskom increases load-shedding after 3 generating units break downDaytime load-shedding will increase to stage 2.
Read more »
Eskom ramps up SA to stage 4 load sheddingSouth Africa will alternate between stage 2 and 4 load shedding until further notice.
Read more »
Load shedding pushing higher after Eskom units go downEskom has pushed load shedding higher on Tuesday after losing generating units overnight.
Read more »