sector has outperformed all other sectors in the growth of its contribution to the gross domestic product this year. In the first quarter of this year, the sector increased by 27.8%, but later the number was revised to 28.6% by Statistics South Africa. However, historic disadvantages still plague the sector, with farmers battling to access funding to stay afloat or simply purchase vital machinery to plough., the sector was the only one that grew. It expanded by 15.1% and contributed 0.3% to GDP.
In 2004, Mtshali and seven other families received the land back, but it ended there. Although Mtshali owns the land, he cannot farm because he doesn’t have capital. He said the families were given the land back, the government gave them a few goats. Most of them are now dead. “Currently, all land reform farms are being assessed and those never supported with committed farmers will be supported. The farmer must approach land reform offices in provinces to confirm the planned assessments,” Ngcobo said. Sifiso Dlalisa wanted to start a vegetable farm on communal land. However, for two years, Dlalisa made losses because he could not afford the equipment and he needed more funding.
Output in this sector has varied because of climate conditions and other factors, but emerging farmers in KwaZulu-Natal want the government to do more to ensure the industry thrives.
Why should black farmers be subjected to collateral? What is the purpose of redress. Mxm this country has time to play games
Some finance institutions want collateral not only matching the loan but exceeding it. They over reach their duties and impose controls over the business basically taking control of operations. They effect cessions on invoices &are hardly timeous on their payout! masisizanefund
white bloody farmers