NERPO COMMENDS GOVERNMENT’S DECISION ON CAPITAL GUARANTEE AND CASH INJECTION FOR THE LAND BANK
24 Aug 2007
In response to the decision by the Minister of Agriculture and Land Affairs Ms Lulu Xingwana, to release R1.5. billion guarantee and R700 million recapitalization cash injection in support of the Land Bank’s turn around strategy, the Group Managing Director of NERPO Mr. Aggrey Mahanjana, has congratulated the Minister and government “for acting decisively and consistently in ensuring that Land Bank’s turn around strategy is a success while ensuring sustainable development of the agricultural sector”
“This move is indeed a great sign of hope to our members, as in my view, will expedite effective implementation of the plans to improve service delivery at the Land Bank” he said. The National Executive Council of NERPO has met the Minister in a closed session early this month, to amongst other issues, identify challenges facing Land Bank, and looking at effective and workable ways of ensuring that Land Bank remains a conduit of development for emerging farmers. Minister Xingwana undertook to devote much of her time, with the help of The Treasury, ensuring that the Land Bank delivers in its mandate.
NERPO is a mouthpiece of South Africa’s emerging livestock farmers and sought to create successful commercial farmers out of its 40 000 members who are predominantly from historically disadvantaged groups. The organization is celebrating its 10th Anniversary this year.
Further Enquiries:
Aggrey Mahanjana
Group Managing Director
Tel: +27 (0) 12 3619127 Cell: +27 (0) 82 556 7297
E-mail: aggreym@nerpo.org.za,
Website: www.nerpo.org.za
"Celebrating an age of commercialising South Africa's emerging livestock farmers" |
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