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Agribusiness

Cash-strapped Land Bank seeks R3bn 'urgent' funding

May 19 2020 18:23

The struggling Land Bank is now asking some of its creditors for a R3 billion urgent loan to cover its operational expenses and pay out some of the loans it had approved to farmers.

Agribusiness

Over 15k farmers to receive financial help from government

May 17 2020 14:21

The department of agriculture and land reform says over 15 000 farmers have been approved to receive over R500 million from the Agricultural Disaster Fund to help ensure that South Africa does not add food insecurity to its woes as the coronavirus pandemic has put more than half of the economy at a standstill.

Agribusiness

SA wine prices set to fall as bulk producers race against time

May 16 2020 14:18

Bulk wine producers in SA are under pressure to fulfil their current overseas contracts as well as conclude next year's trade agreements amidst fluctuating exchange rates and a backlog on exports.

Agribusiness

RMB named as financial adviser for SA's Land Bank

May 13 2020 21:07

The biggest lender to South African farmers appointed Rand Merchant Bank as financial adviser after it missed a loan repayment that triggered a cross default on a R50-billion bond program, according to people familiar with the matter.

Agribusiness

Tongaat shares dive as starch business transaction stagnates

May 12 2020 13:01

Shares in sugar producer Tongaat Hulett fell by nearly 17% on Tuesday morning following the announcement that the sale of its starch business to a subsidiary of Barloworld had hit a snag.

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Agribusiness

Didiza announces African Swine Fever outbreak in the Eastern Cape

May 10 2020 13:59

Minister of Agriculture, Land Reform and Rural Development and Fisheries Thoko Didiza announced on Saturday that an African Swine Fever outbreak has been detected in the Eastern Cape Province for the first time.

Agribusiness

Kaap Agri holds onto cash as it braces for virus impact

May 07 2020 20:03

The Covid-19 lockdown only had a marginal effect on the results of Kaap Agri for the interim period until the end of March 2020, the group announced on Thursday. But it opted not to pay a dividend, in the interests of managing cash flow.

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