Please refer to Annexure A below.
ANNEXURE A OF NA-QUES 2385 OF 2021
Farmers supported during the proof of concept phase in 2018/19 financial year. |
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Province |
Type of Support |
Commodity |
Total Value (R'000) |
Approved Grant (R'000) |
Approved Loan (R'000) |
Amount Drawn (R’000) |
Insurance (Y/N) |
Permanent Jobs |
Status |
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KwaZulu Natal |
Mortgage and production loam |
Sugarcane |
15 000 |
7 000 |
8 000 |
15 000 |
Y |
13 |
Operational. Although the client experienced a small fire which burnt ± 39 ha of sugar cane, ±21 ha was mature cane. On 4 November 2019 the client lodged claim against insurance for the damage to the 18 ha. Despite the above, the client is on track with farming operations and payments. The instalment has already been provided for. |
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Northern Cape |
Mortgage and Production loan |
Livestock |
8 152 |
4 000 |
4 152 |
8 152 |
N |
3 |
Operational. Although drought is still persistent in NC, supplements continue to be given to livestock and farmer drilled borehole. |
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Mpumalanga |
Mortgage and Production loan |
Mixed (crops and Livestock) |
51 386 |
33 826 |
17 560 |
51 386 |
N |
23 |
Operational. 15 Cattle were reported stolen in December 2019. 70ha under production. |
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North West |
Mortgage and production loan. |
Broilers and Cattle |
10 214 |
2 714 |
7 500 |
10 214 |
N |
29 |
Operational. chickens. |
Sells |
broilers |
to |
Supreme |
North West |
Mortgage and Production loan |
Broilers |
19 158 |
13 858 |
5 300 |
19 158 |
N |
8 |
Operational. chickens. |
Sells |
broilers |
to |
Supreme |
North West |
Mortgage and Production loan |
Mixed (crops and Livestock) |
55 000 |
35 500 |
19 500 |
55 000 |
N |
5 |
Operational. |
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Gauteng |
Mortgage and Production loan |
Broilers |
6 852 |
4 710 |
2 142 |
6 852 |
N |
7 |
Operational although the farmer experienced challenges with poor project management during construction of 3 poultry houses. Contract with Avon chickens. |
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Total |
165 762 |
101 608 |
64 154 |
165 762 |
88 |
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PS: It took the Land Bank 272 days on average from approval to disbursement. |
PS: The agreement with Land Bank is still effective however, the current liquidity challenges at Land Bank has prevented Land Bank to support the farmers through Blended Finance after it was relaunched on 18 March 2021 as they are still awaiting their challenges to be resolved before supporting new transactions.
Support through IDCThe IDC started implementing blended finance after the re-launch by Ministers of Agriculture, Land Reform and Rural Development and Trade, Industry and Competition on 18 March 2021. The following is the IDC performance since the launch:
Producers supported through IDC as at end September 2021 |
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Province |
Type of support |
Commodity |
Total Value R'000 |
Grant Approved |
Loan Approved |
Total Drawn |
Insurance (Y/N) |
Permanent Jobs |
Comment |
KZN |
Acquisition Production loan |
Timber (Forestry) |
25 400 |
10 000 |
15 400 |
0 |
Y |
26 |
Expansionary acquisition. |
GP |
Production loan (Capex & Opex) |
Agro- processing (vegetables) |
11 000 |
4 000 |
7 000 |
0 |
Y |
32 |
Support working capital and machinery. |
MP |
Production loan (Capex & Opex) |
Broilers |
75 400 |
23 000 |
52 400 |
0 |
Y |
21 |
start up: 360 000 chickens per cycle |
GP |
Production loan (Capex & Opex) |
Broilers |
72 640 |
23 000 |
49 640 |
0 |
Y |
25 |
Expansion:380 000 to 680 000 chickens per cycle |
MP |
Production loan (Capex & Opex) |
Broilers |
75 900 |
18 000 |
57 900 |
0 |
Y |
24 |
Expansion:545 000 to 845 000 chickens per cycle |
Total |
260 340 |
78 000 |
182 340 |
0 |
128 |
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Final conditions to be met before transfers are made. |
Furthermore the current pipeline is as follows:
The commodities supported include poultry, beef, piggery, Horticulture, agro- processing and forestry.
Jobs Fund Facility