for subscribers

Land Bank to help drought-hit farmers

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
(iStock)
(iStock)

Cape Town - The Land Bank has stepped in to provide financial relief to drought-hit farmers who are facing a bleak Christmas.

"Farmers genuinely need more state support right now," the Land Bank said in reply to a question in Parliament on what it would do to help farmers facing financial ruin because of the drought.

"We are of the view that as the prevailing weather conditions continue, it is likely that more farmers will show early signs of distress," said the bank, which has about 31% market share of agricultural finance.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.76
(-0.13)
ZAR/GBP
21.35
(+0.09)
ZAR/EUR
19.61
(+0.12)
ZAR/AUD
11.97
(+0.51)
ZAR/JPY
0.16
(-0.01)
Gold
1883.90
(-1.02)
Silver
23.54
(-3.54)
Platinum
866.00
(-0.71)
Brent Crude
42.24
(+0.55)
Palladium
2218.50
(+0.27)
All Share
53265.33
(-0.10)
Top 40
49126.16
(-0.05)
Financial 15
9570.37
(+0.53)
Industrial 25
71886.85
(+1.23)
Resource 10
52935.40
(-1.85)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1340 votes
It depends on how the funds are used.
73% - 8753 votes
No. We should have gotten the loan elsewhere.
16% - 1929 votes
Vote