South Africa - Land and Agricultural Development Bank of South Africa

The project will provide a 1-billion South African rand (ZAR) (About USD 117 million) sovereign guaranteed line of credit to the Land and Agricultural Development Bank of South Africa for on-lending to the country’s emerging farmers, commercial farmers as well as to agricultural cooperatives and agri-related businesses. Thus, this LoC will be dedicated to the agricultural sector which is generally labor-intensive. The credit, which also includes a technical assistance component for capacity building at Land Bank and at the level of its loan beneficiaries, particularly the emerging farmers, will enable the government’s to support, promote and facilitate the development and transformation of the agricultural sector in South Africa given its potential for addressing poverty alleviation, enhancing food security and job creation.