Question NW3624 to the Minister of Finance
11 December 2023 - NW3624
Masipa, Mr NP to ask the Minister of Finance
What is the detailed breakdown of the Land Bank of South Africa’s approvals from the blended finance and agro-energy fund regarding (a) farm size, (b) region and (c) commodity group since 1 January 2022 to the latest specified date for which information is available?
Reply:
1. Blended Finance Scheme.
The approval information of the Blended Finance Scheme (BFS), which was launched in October 2022, is provided in the attached Annexure A.
The Bank prepares a report on a quarterly basis to provide the kind of details that is being requested. Therefore, the information herewith provided is for a period from the launch of the BFS to the end of September 2023.
2. Agro Energy Fund.
The Agro Energy Fund was launched on the 29th of August 2023. There are no transactions approved yet. As at 31st October 2023 the Bank had received 19 applications to the value of R53m that are still going through the due diligence assessment.