THE MINISTER OF AGRICULTURE, LAND REFORM AND RURAL DEVELOPMENT:
(1) The Land Bank is under the administration of National Treasury and any recapitalization of the Land Bank is the responsibility of National Treasury. The Department of Agriculture, Land Reform and Rural Development (DALRRD) had no plans to provide R3,9 billion to the Land Bank in the 2019-22 financial years.
(a),(b),(i)-(iii) Falls away . However, it should be noted that in 2020, the Land Bank experienced liquidity challenges and DALRRD has remained supportive of the Bank’s efforts to resume lending activities whilst the process to finalise the debt restructure solution with the Bank’s lenders is still in process. Among the programmes that the DALRRD is implementing is the Blended Finance Scheme, which is a collaboration between the DALRRD and financing institutions where DALRRD contributes the grant and the financing institution approves the loan.
(2) The DALRRD has signed a ten-year agreement with Land Bank and for the period 2022/23 – 2024/25, DALRRD and the Land Bank have collectively committed R1,95 billion of blended funds to support smallholder, medium and larger commercial black producers. The blended finance scheme was launched in October 2022 and statistics below are from inception to date and for the 2023/2024 financial year.
Inception to date
November 2022 to date |
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Total Client Approvals |
Total Approvals (Loan + Grant) |
Total Disbursements (Loan + Grant) |
Total Loan Commitments |
Total Grant (Blending + Insurance) |
47 |
R352 113 806 |
R31 648 890 |
R165 279 924 |
R186 833 882 |
2024 Financial Year
April 2023 to date |
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Total Client Approvals |
Total Approvals (Loan + Grant) |
Total Disbursements |
Total Loan Commitments |
Total Grant (Blending + Insurance) |
17 |
R96 686 340 |
R24 751 528 |
R43 571 030 |
R53 115 310 |
(3)(a),(b) The performance measures in place include the following:
(4) (a) The programme is demand driven and the caps are already set per category of farmer; the following estimations are made:
(b) The Minister of DALRRD has a performance agreement with the President. Progress on performance is submitted periodically not only on the Blended Finance Scheme but other programmes as well. No date is set to brief the President.