New agricultural agency to facilitate investments worth R12.9bn

6th November 2019

By: Terence Creamer

Creamer Media Editor

     

Font size: - +

A new agricultural development agency will be launched in January to oversee 32 farming investments across South Africa collectively valued at R12.9-billion.

Politician-turned-businessperson Roelf Meyer unveiled the venture, which has hitherto been pursued under the aegis of the Public Private Growth Initiative, at the second South Africa Investment Conference, which took place in Sandton on Wednesday.

The agency’s creation had already been approved by Agriculture, Land Reform and Rural Development Minister Thoko Didiza and was supported by Trade and Industry Minister Ebrahim Patel and Cooperative Governance and Traditional Affairs Minister Nkosazana Dlamini-Zuma.

Sharing a podium with President Cyril Ramaphosa, with whom Meyer collaborated closely during South Africa’s transition to democracy in the 1990s, Meyer stressed that the projects spanned all nine of South Africa’s provinces.

“The beauty of this, Mr President, is that it will translate into opportunities for people who have not farmed before, as well as subsistence farmers and large commercial entities.”

The initiative is expected to benefit over 450 000 people in rural communities, including through the creation of 300 000 job opportunities.

Edited by Creamer Media Reporter

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION