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land bank

land bank south africa
Business

The Game-changing Influence of Land Bank on South Africa’s Farming Sector

by Chloe de Kock
September 24, 2024

The Land Bank is an important institution in South Africa’s economy, contributing to the agricultural industry and promoting inclusivity. It provides affordable financing for both large commercial entities and smallscale predominantly blackowned businesses, breaking down entry barriers. The Bank also plays a key role in stimulating rural economies and creating jobs, accounting for a significant 28% of South Africa’s farming debt. Despite experiencing a decrease in loan portfolio, the Land Bank has shown resilience and received fiscal support from the Ministry of Finance, aiming for sustained growth and development in the future.

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