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NAFU-SA welcomes Tina
Souh Africa’s newly-elected
president, Jacob Zuma, has
appointed former Northern
Cape Agriculture MEC,
Tina Joemat-Pettersson
as Minister of Agriculture,
Forestry and Fisheries.
After a very successful term as
MEC, the minister is no newcomer
to the agricultural scenario. Every
year a leading South African
agricultural magazine conducts an
annual informal survey to determine
how efficient the agricultural MECs
are at handling their respective
provinces. Joemat-Pettersson was
the top-rated MEC for 2006, with a
score of eight out of ten.
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NAFU President now SACAU vice
Robert
Zoellick, president of the World Bank, recently declared a global food
emergency as riots over food shortages spread around the globe. The
World Bank estimates that 33 countries around the world face potential
social unrest because of acute rises in food and energy prices. Food
riots started last year in Mexico with the tortilla protests, and have
spread to Cameroon, Egypt, Haiti, Indonesia and Peru.
Speaking at the International Monetary Fund (IMF) and World Bank spring meeting in ...
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2009Finance – the key to success
“Finance is the key to our success. Without the timeous and adequate financing from ABSA, we would not have been able to show you our beautiful crops today.” Josias Masombuka proudly told NAFU Farmer.
The challenges facing emerging black commercial farmers are numerous and known to all involved with the sector. The biggest challenge is, however, to source adequate and timeous finance. Because of the high risk associated with these farmers, most financial institutions are reluctant to finance them.
ABSA AgriBusiness was willing to come to the party with a solution. They developed a financing package where they use good farming practices to mitigate the risk for them as financiers. This enables them to approve finance without the normal sufficient securities. ...
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