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Empowering Black Farmers Through Financial Support

New projects approved: Khula/Mafisa Fund offers financial performance support to black farmers with funding ranging from R100k-R300k per PDI. Partnerships aim to enhance production inputs and facilitate mentorship for project management. Qualifying criteria include off-take agreements, crop insurance, and mechanization assistance. Akwandze initiative targets settling 50 emerging sugarcane farmers in Mpumalanga. Local Enterprise Fund supports SMMEs and cooperatives in various provinces.

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Empowering Black Farmers Through Financial Support

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  1. New Projects Approved 9

  2. LREF FINANCIAL PERFORMANCE 10

  3. KHULA/MAFISA Fund • Khula/Mafisa Partnership Agreement • Production inputs • Target: Black farmers • 100k – R300k per PDI • Up to R100k: Fund 90%: Institutions(10%) • R101k-R200k: Fund 80%: Institutions(20%) • R201k-R300k: Fund 70%: Institutions(30%) • Interest rate to end-user ≤ Prime • 1% Indemnity Fee to Institutions 11

  4. Qualifying Criteria • Off-take agreement for farmers produce • Insurance for all crops • Interest rate: not more than Prime • Assistance package to include Mechanisation for: • Soil preparation • Planting • Weed eradication • Chemical application • Spraying • Harvesting • Project management and farmer mentorship. 12

  5. Akwandze • Initiative to create a fund • Size of the fund R100 million • Objective: settle at least 50 emerging farmers • Enterprise: sugarcane • Province: Mpumalanga 13

  6. LOCAL ENTERPRISE FUND • SMME Fund • Created by : UNOPS : DTI : KHULA : SEDA : Dept Economic Affairs : Limpopo : Mpumalanga : Eastern Cape : Northern Cape • Target Market : Survivalist : Micro Enterprises : Small Enterprises : Cooperatives 14

  7. LOCAL ENTERPRISE FUND….. • Provincial Funds • Managed by : PDC at 5% p/a : LIMDEV : MEGA : ECDC : NCEDA / ABSA • Fund size = R12m (R4m Prov; R4m UNOPS; R4m KHULA) • NC = R37m (R4 Prov; R4m UNOPS; R4m KHULA & R25m ABSA) • Capacity Building – SEDA / Non-Financial Service Providers • End-User rates: Prime + 3% • Market Segmentation • 70%: Province, UNOPS + KHULA contribution = 10K – 250K • 30%: Province, UNOPS to SAMAF = ≤ 10K 15

  8. THANK YOU! 16

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