South Africa has set up a 5 billion rand ($340 million) fund to help #Blackfarmers gain access to capital and boost their role in commercial agriculture, state-owned Industrial Development Corporation (IDC) and the government said on Thursday.
The joint Agri-Industrial Fund is aimed at easing the funding constraints and entry barriers to commercial agriculture facing Black farmers, the IDC and the agricultural and land ministries said.
“The broader agricultural sector is central to the recovery of the local economy, but most importantly, this Fund’s objectives are consistent with the IDC’s role in increasing the number of black commercial farmers,” said IDC CEO Tshokolo Nchocho. https://lnkd.in/eUcZ2ft
