Ramaphosa welcomes financial support for small-scale farmers
Ramaphosa says access to finance is critical to helping emerging farmers grow.
President Cyril Ramaphosa expressed his approval of the Land Bank’s Blended Finance Scheme, which offers financial assistance to small-scale farmers. He highlighted that this initiative is breaking down barriers for more black farmers to join the agricultural sector, a sector that has traditionally been controlled by white farmers.
Ramaphosa made these remarks at Stutterheim in the Eastern Cape, where he is currently touring the Black Youth-owned Redlands farm. Addressing the nation, Ramaphosa emphasized that access to financial resources is vital for emerging farmers to thrive and contribute meaningfully to the economy. He pointed out, "This achievement is also a reminder of the enormous potential that remains untapped in our country.
For generations, the majority of South Africans were systematically excluded from the ownership of agricultural land and from the opportunities associated with commercial farming. And it really got together after colonial times. Particularly here in the Eastern Cape."
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