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Land Bank praised for its R1bn pledge

By Sapa | Aug 23, 2011 | COMMENTS [ 5 ]

THE Land Bank's commitment to spend about R1 billion on emerging farmers over the next two years could unlock agriculture's long-term potential growth, the Institute for Democracy in SA said

"It was consistent with the South African government's intention of mainstreaming agricultural sectoral growth in the New Growth Path Strategy," Idasa's Small-scale Agriculture Project said in a statement.

Project manager Leslie Nyagah said the money would promote rural employment, build value chains and encourage investment in agricultural capacity through skills training and growth in infrastructure.

"Increasing medium- and long-term fiscal incentives that encourage skills transfer, capacity building and long-term mentoring of emerging black farmers is not only necessary for empowering South African citizens but is also required for the broader economic recovery of the country," Nyagah said.

He said, however, that in the first quarter of 2011, statistics showed agriculture's contribution to gross domestic product in South Africa slowed to -2,6 percent. "This was opposed to the robust growth of the manufacturing sector of 14,5 percent during the same period, reflecting an economy that is increasingly becoming dependent on manufacturing and services," he said.

The Idasa project promotes small-scale agriculture and aims to find solutions to global developmental concerns such as high food prices and high unemployment rates, especially among the youth.

COMMENTS [ 5 ]

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And how much of this money will be fraud-ed away, only to blame apartheid again ? Look what happenned to all those farms taken away from white farmers and given to useless wannabe farmers. Eish, some people just never learn.

Aug 23, 2011 12:6 | 0 replies

We need to encourage our student to go into farming, study farming not only science and maths. good work Land bank, makes available busaries to atract black students as well. we must start changing minds of our kids about farming, they look at it and think it is a dirty job, no money, they forget wer food comes from.

Aug 23, 2011 12:36 | 0 replies

South Africans are good at conceptualising projects but our project implementation, management, monitoring and evaluation skills are dismal. Also, why are our public figures so obsessed with launching project plans instead of tangible projects with clear objectives, performance indicators and periodic targets. Since the beginning of the year i wonder how much adspent has been wasted telling us that this or that government agency is going to embrark on this and that but upon enquiry you'll be told that what was launched was a plan, the project itself might be launched sometime in the future, if there are still funds left after the vultures (consultants) have claimed all the meat. There is also this debilitating tendency of ministers, mec's splashing thousands of rands on adspend just to tell us that they'll be presenting their budget speeches. It's their job for crying out loud. Why don't they just hold press conferences and stop this self promotion and wasteful expenditure?

Aug 23, 2011 1:55 | 0 replies

pfft ... from the same bank involved in multiple fraud/mismanagement scandals over the last few years.
Just another scam to get taxpayers money into the pockets of the connecte :(

Aug 23, 2011 2:0 | 0 replies

93% of black managed farms went bankcrupt>First teach them how to farm.People do not realize that farming is a 24 hour job, blacks are lazy that is why it will never work.

Aug 24, 2011 7:37 | 0 replies