for subscribers

Drought-hit farmers wary of taking on new debt

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

Bloemfontein – The Land Bank has seen a slow inflow of farmers seeking drought relief loans.

This was primarily because additional debt would not help them, spokesperson Tabby Tsengiwe said.  

Farmers reportedly had their highest-ever debt, more than R125bn, with South African banks.

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
Lockdown For
DAYS
HRS
MINS
Voting Booth
When planning for the Black Friday sales do you:
Please select an option Oops! Something went wrong, please try again later.
Results
Save, research and plan ahead, preparing to make the most of it?
8% - 906 votes
Wait and see what looks like a good deal on the day?
14% - 1702 votes
Have no interest in spending more money this year?
78% - 9376 votes
Vote
ZAR/USD
15.21
(+0.91)
ZAR/GBP
20.31
(+0.88)
ZAR/EUR
18.08
(+0.71)
ZAR/AUD
11.19
(+0.24)
ZAR/JPY
0.15
(+1.06)
Gold
1807.64
(-1.54)
Silver
23.20
(-1.30)
Platinum
960.00
(+3.66)
Brent Crude
45.51
(+2.15)
Palladium
2340.00
(+0.48)
All Share
57761.92
(+1.08)
Top 40
53049.43
(+1.09)
Financial 15
11674.99
(+2.97)
Industrial 25
80126.12
(+0.26)
Resource 10
52568.48
(+1.54)
All JSE data delayed by at least 15 minutes morningstar logo