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Land Bank offers concessional loans to drought-hit farmers

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Johannesburg - The Land Bank said on Wednesday that drought-stricken farmers could apply for concessional loans to help see them through the lean season.

The bank, which focuses on the agriculture sector, said in a statement it had raised R400m from the Industrial Development Corporation (IDC) for drought relief measures.

It said farmers in provinces declared drought disaster areas - KwaZulu-Natal, Mpumalanga, North West, Limpopo and Free State - could apply for the loans immediately.

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