Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Government works to boost the agricultural sector
    Commodities

    Government works to boost the agricultural sector

    June 13, 20253 Mins Read


    Government is implementing comprehensive measures to support small-scale farmers, especially in rural and underdeveloped provinces like the Eastern Cape, Limpopo, and KwaZulu-Natal. 

    This is according to Deputy President Paul Mashatile who outlined key strategies during a parliamentary question-and-answer session. At Thursday’s session, the Deputy President emphasised the importance of enhancing agricultural productivity and improving access to funding.

    Addressing the National Assembly, he stated that the government is improving agricultural productivity through the Agriculture Agro-Processing Master Plan (AAPP) and various support programmes, including the Comprehensive Agricultural Support Programme (CASP) and the Blended Finance Scheme.

    WATCH | Deputy President addresses the National Assembly

    He explained that the Master Plan aims to enhance agricultural products, promote agro-processing, and improve market access by building capacity, accelerating land reform, and providing financial assistance to farmers.

    “We need to support it to promote economic growth, ensure food security and employment creation, particularly in rural areas. 
    “Government is playing a crucial role in ensuring that small farmers become sustainable and thriving enterprises aligned to the country’s land reform and rural development objectives,” he said.

    He announced that government is assisting farmers by offering grants and loans through partnerships with financial institutions like the Land Bank, Development Bank of Southern Africa (DBSA), and the Industrial Development Corporation (IDC). 

    According to the Deputy President, the state is providing blended finance schemes targeting black-owned agricultural enterprises. 

    “We are enhancing collaboration between government and private entities to boost productivity, service delivery and sustainability growth. Infrastructure and technology adoption depend on these collaborations,” he said.

    He told Members of Parliament that efforts are being made to address the challenge of accessing funding from commercial banks by de-risking investments and mobilising Development Finance Institutions (DFIs).

    Meanwhile, the Deputy President said government is also leveraging trade agreements, such as the African Continental Free Trade Area (AfCFTA), to boost regional trade. 

    “If we effectively utilise regional structures like the African Continental Free Trade Area, our smallholder farmers will have a platform to access larger regional markets and potentially benefit from increased demand for their products. 

    “In this regard, continuous industry consultation and reporting are taking place through the agricultural trade forum.” 

    Export opportunities

    He announced that South Africa is exploring export opportunities in strategic markets like Japan and focusing on products such as citrus fruits and avocados. 

    In the meantime, arrangements are currently in place with the European Union and the country’s BRICS partners to fast-track export protocols, enhance biosecurity to meet international standards and ensure international outreach is professional, responsive and strategic.

    BRICS is an intergovernmental organisation comprising 10 countries, including Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates.

    Funding and market access 

    The country’s second-in-command also took the time to acknowledge the challenges, including commercial banks’ reluctance to fund small farmers due to a lack of collateral. 

    However, he stated that the government is intervening to reduce investment risks and encourage bank participation. 

    According to Deputy President Mashatile, government aims to transform small-scale farming into sustainable enterprises, which will promote economic growth, food security, and job creation in rural areas.

    “We are actively seeking to expand agricultural market access to countries like Japan, particularly for our citrus fruits and avocados.” 

    The Deputy President also took the time to extend his condolences to the families of the people affected by the severe weather conditions in the Eastern Cape. 

    “Our hearts are with you. Government will do everything in its power to assist you. The President will be visiting the Eastern Cape tomorrow,” he said. – SAnews.gov.za





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    The life and times of Ozzy Osbourne – metal’s godfather and Prince of Darkness

    Commodities

    Gold surges past $4,100 for the first time as US-China trade tensions rise; silver hits record high – Commodities News

    Commodities

    FW’s Philip Clarke wins top agricultural journalist award

    Commodities

    Silver: How Record Backwardation Could Ignite a Triple-Digit Rally

    Commodities

    U.S. Aluminum Prices Remain High After Novelis Fire Hit Supply Chain

    Commodities

    BB slashes loan provisioning rates to boost agricultural, CMSME lending

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Fintech

    A Rising Tide for Fintech in the UAE: What Revolut’s Entry Really Means: By Nauman Hassan

    Property

    Starwood Property Trust propose une émission de billets de premier rang d’un montant de 400 millions de dollars

    Property

    Le fonds Baloise Swiss Property veut lever jusqu’à 154 millions de francs

    Editors Picks

    Man who participated in illegal arrangement to convert money into cryptocurrency jailed

    April 8, 2025

    Tether Partners with Aptos, Launching USDT with Low Gas Fees

    August 20, 2024

    How to restore rusty metal using 35p vinegar cleaning hack

    July 24, 2024

    CITs ‘Inch Past’ Mutual Funds to Become Lead Target-Date Investment Vehicle

    August 9, 2024
    What's Hot

    Namibia: IMF Advises Namibia to Prioritize Payment System Improvements Over Digital Currency

    February 25, 2025

    Top 10 Predictions for Cryptocurrency In 2024

    July 11, 2024

    Next Big Crypto: Dawgz AI

    February 19, 2025
    Our Picks

    Southeast USA dubbed a ‘buyers market’

    November 25, 2024

    JUDAS PRIEST And YouTuber METAL PILGRIM Team Up For “Invincible Shield Of Europe” Fundraiser In Support Of Ukranian Citizens In Need Of Medical Assistance

    August 18, 2024

    Despite economic uncertainty, organizations are prioritizing SaaS security investments

    July 23, 2024
    Weekly Top

    Philadelphia Eagles’ Za’Darius Smith announces shock retirement after 11 NFL seasons

    October 13, 2025

    Scott Technology wins $44m US and Brazil automation contracts

    October 13, 2025

    ‘All eggs in one basket’: Diversification key to protecting investment portfolios

    October 13, 2025
    Editor's Pick

    Citrus and potatoes top Egypt’s H1 agricultural exports of 5.2mln tonnes

    June 22, 2025

    Tractor Supply: Dividend Strength Ahead

    June 16, 2025

    La fintech tunisienne : un secteur en pleine évolution malgré un cadre complexe

    April 30, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.