RMB platform will help fill funding gap left by Land Bank

Facility to enable farmers to widen their funding bases by accessing extra liquidity from institutional investor market

RMB has launched a new platform to facilitate funding for the SA agriculture sector, which has been left with liquidity challenges due to the financial distress of state-run financier Land Bank.

The Agri Harvest Funding Platform allows agricultural businesses to diversify their funding bases beyond the traditional single commercial bank funder model, which can potentially lower their financing costs and result in lower farm gate prices. RMB says the platform will also help alleviate the funding crunch faced by some farmers due to the stressed financial position of Land Bank, which is still unable to fully resume lending due to its 2020 debt default...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BDliveSA /  🏆 12. in ZA

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.

TymeBank takes financial tech to townshipTymeBank is taking its TymePOS cashless payment solution to Daveyton and believes it will empower local businesses. TymeBank DigitalBanking DigitalEconomy SME
Read more »

Health-tech start-up bags funding from Japanese VC.strovehealth will add cognitive behaviour therapy courses to its app. wellness CombatBurnout Strove start-ups
Read more »

Low code platforms help businesses and kids work with AI - IT-OnlineLow-code and no-code solutions are increasingly gaining traction in the face of severe and ongoing skills shortages in the tech sector – and they’re also changing how children are taught to code. “We use our own low-code platform to build and manage virtual agents for large companies,” says Ryan Falkenberg, co-CEO of Clevva. “These digital […]
Read more »

Share trading now available for Discovery Bank clients through EasyEquitiesDiscovery Bank has launched share trading through the Discovery Bank app, in partnership with EasyEquities.
Read more »

WATCH: African Bank gets all approvals for Grindrod Bank transactionBusiness Day TV talks to Zwelibanzi Manyathi, group executive for business banking at African Bank
Read more »

Kganyago the salesman in high demand in WashingtonReserve Bank governor talks up ‘smart money’ at IMF and World Bank annual meetings
Read more »