This is a positive step towards assisting the long neglected emerging farmers. Although the funds set aside will not solve all the financial problems facing land restitution, the accessibility of loans to emerging farmers will enable this neglected sector with the means to either acquire land or expand their farming activities. The more emerging farmers are absorbed into the formal economy, the more jobs in the informal sector will be created, as farming on this scale is labour intensive.

"The ID hopes that, unlike other funds which end up financing consultants and not the intended beneficiaries, the fund, as announced by the minister, will be carefully managed in order to benefit the intended beneficiaries", said Lance Greyling, ID Agricultural Spokesperson.

For further information contact Lance Greyling, ID Agricultural Spokesperson on 083 298 8553

Issued by Thulani Sithole, Media Officer: 084 233 3811 / 021 403 8672