South Africa Provides Financial Aid to Farmers Amid Severe Drought
What happened
During the State of the Nation Address in Pretoria, President Jacob Zuma stated that R2.5 billion was made available to farmers in South Africa to address a severe drought. These funds are intended for livestock feed, water infrastructure, drilling, and borehole refurbishment. Additionally, the Industrial Development Corporation and the Land Bank provided about R5 million in soft loans and credit facility support to distressed farmers.
From sanews.gov.za
Why it matters
The government committed to supporting black smallholder farmers, and President Zuma announced a commercialisation support programme for 450 black smallholder farmers. This intervention aims to provide financial stability and support to the agricultural sector during a period of severe drought.
From sanews.gov.za
Who's involved
- Jacob ZumaDelivered the State of the Nation Address and announced the financial support.
- Industrial Development CorporationProvided soft loans and credit facility management for distressed farmers.
- South AfricaThe country where the drought occurred and the financial support was provided.
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The entities involved
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Pretoria
administrative capital of South Africa located in the Gauteng province
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Jacob Zuma
4th President of South Africa (2009–2018)
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Industrial Development Corporation
state-owned company in South Africa
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Related events
- The City of Tshwane manages water supply in Pretoria.
- The State of the Nation Address was delivered in Parliament in Pretoria.
- Minister Lindiwe Sisulu operated from Pretoria in December 2012.
- Jacob Zuma highlighted infrastructure projects in South Africa in 2012.
- Kgosientso Ramokgopa, Mayor of Pretoria, promised better service delivery in December 2012.