Motsepe announces multi-billion rand fund for black farmers

[RaptorSA]

Jeepers blacks sure do need a lot of help.

Uh -oh... we've got someone with wrong-think here...
Call in the Sentinels!

 

[Knyro]

Jeepers blacks sure do need a lot of help.

In a capital intensive venture like commercial farming? No shyt, the vast majority of people would, irrespective of race.

 

[Deadmanza]

In a capital intensive venture like commercial farming? No shyt, the vast majority of people would irrespective of race.

Just did a quick google and am not finding any white only funds?
Perhaps my google skills are lacking.

 

[HBee]

All very nice, but I'm sure Patrice is not just going to be handing out money and will require some form of collateral or surety. Details are sketchy so I assume it is the taxpayer?

 

[Knyro]

Just did a quick google and am not finding any white only funds?
Perhaps my google skills are lacking.

So your average white Joe can pull out a few hundred million out of his pocket to start a farm eh? Good to know.

 

[TheChamp]

What I find funny is that they think the criminals will only target white farmers lol..

When a Black farmer has a nice home with money and appliances on his isolated farm he's going to be just a big a target as the white farmer was.

Not to mention how many of those billions your average Black farmer Joe is going to see - the middlemen in government will scoop most of it up FAST.

Who is "they"? And how did we go from financially supporting black farmers to rich black farmers with nice houses?

 

[Deadmanza]

So your average white Joe can pull out a few hundred million out of his pocket to start a farm eh? Good to know.

Weird how you made that jump from what I asked.

 

[TheChamp]

I very much question the way how he got rich! In case you did not know: He is part of the Ramaphosa familly. Eitherway, I am happy to see they decided to give back some of the money However, I am not happy with their racial profiling.

You are embarrassing yourself Foreigner, he is part of the Motsepe family, not Ramaphosa's, also do yourself a favour and read up on the guys history before talking even more BS.

 

[Knyro]

Weird how you made that jump from what I asked.

What you asked was moving the goalposts, which unfortunately for you I didn't fall for. Fact is when it comes to commercial farming, damn near everybody needs help to get going.

 

[cheesus]

So your average white Joe can pull out a few hundred million out of his pocket to start a farm eh? Good to know.

the big difference is average white joe gets a bank loan educates himself so he can run a farm and does it, average black farmer Joe can do nothing but stand outside with his hand stretched out asking for a grant.

 

[ForceFate]

So your average white Joe can pull out a few hundred million out of his pocket to start a farm eh? Good to know.

Thread turning into what OP intended

/runs

 

[ForceFate]

You are embarrassing yourself Foreigner, he is part of the Motsepe family, not Ramaphosa's, also do yourself a favour and read up on the guys history before talking even more BS.

He's trying hard to push that narrative

 

[Knyro]

the big difference is average white joe gets a bank loan educates himself so he can run a farm and does it, average black farmer Joe can do nothing but stand outside with his hand stretched out asking for a grant.

What makes you think this is a grant?

 

[rietrot]

I care very little about who Motsepe hands out money to. That's his business, and good luck to him.

The partisanship though even from the people commenting is certainly interesting and worrying.

 

[NarrowBandFtw]

Meh, if it truly is private funds only, then spend it whatever way you wish, be it black farmers or excavating the hell out of Candice van der Merwe's every orifice.

 

[EADC]

the big difference is average white joe gets a bank loan educates himself so he can run a farm and does it, average black farmer Joe can do nothing but stand outside with his hand stretched out asking for a grant.

Who's clone is this?

 

[ponder]

Motsepe announces multi-billion rand fund for black farmers

Billionaire businessman Dr Patrice Motsepe says there are high-level discussions with, amongst others, the Motsepe Foundation and banks to launch a multi-billion rand fund focused on agriculture, f…

www.foodformzansi.co.za

Motsepe announces multi-billion rand fund for black farmers

Businessman and billionaire delivers keynote address at AFASA conference

Billionaire businessman Dr Patrice Motsepe says there are high-level discussions with, amongst others, the Motsepe Foundation and banks to launch a multi-billion rand fund focused on agriculture, farming and related industries. The fund will unlock opportunities for specifically black agriculturists and give them preferential access to loans.

“The farming industry is at a very critical stage,” says Motsepe, the founder and executive chairman of African Rainbow Minerals. “The involvement and participation of black people is important. There is a huge sense of urgency to make sure we have sustainable black farmers in the industry.”

In order to help achieve this, Motsepe unveiled his involvement in a soon-to-be-launched fund where banks, agri-businesses and other industry role-players are joining forces to give black farmers access to finance and opportunities.

Motsepe delivered the keynote address at the third AFASA Agri-business Transformation Conference at Imvelo Safari, Bloemfontein. About 200 delegates gathered at Imvelo Safari on the first of three days of the conference with the theme “Farmers Growing South Africa: Creating Jobs and Trade Opportunities”.

Motsepe says meetings have already taken place with stakeholders to set up the fund and he also welcomed the involvement of AFASA. “You cannot build an economy, you cannot build a future for all our people if there’s an insignificant participation in ownership, access and involvement from black farmers.”

He furthermore says, “We have to work with everybody, as we have to work for a future for all. We can only have a future as black farmers, if there is a future for all farmers.”

The award-winning businessman reminded AFASA delegates that South Africa needs to ensure that black farmers, including the youth, women and entrepreneurs, have proper access to finance. “We have to unlock the biggest barrier, which is access to funding. We want to see successful black farmers and people part of the whole value chain. We can’t meet in 10 years again and say: Where is the community of black farmers?”

According to Motsepe it isn’t enough to blame government and make excuses. Partnerships between government and private sector stakeholder are however key.

Delegates applauded as Motsepe also announced that his foundation will give 20 students recommended by AFASA the opportunities to study, like it has done to many others before. He complimented Mahlati for the work the organisation is doing and encouraged black farmers to follow those who are successful in the sector.

Mahlati says AFASA is working to ensure that all farmers with potential are supported. “We are profiling successful farmers to highlight and encourage each other, particularly black farmers. When they are supported sufficiently, you can succeed. It is not about race, but whether you are supported sufficiently.”

Xolile Dasheka, a game farmer and owner of Imvelo Safari where the conference is currently underway, shared his journey in agriculture. He emphasised hard work to achieve your goals, saying he had to prove his neighbours and critics wrong, even those from government. “The naysayers now come to me and ask me for advice.”

He also called on black farmers to not only rely on state support to achieve success, but to be entrepreneurial in their approach instead. “Let us not rely on government. Don’t just say government is not doing this and not doing that.”

Dasheka thanked AFASA for their continuous support.

 

[ponder]

I care very little about who Motsepe hands out money to. That's his business, and good luck to him.

It's not really all his money, it will be mostly money from banks by the looks of things.

 

[2023]

Bigger problems than farming?

]

It's not about farming, it's about black farmer ownership. People who are in poverty ultimately don't care who owns the farm.

 

[Hemps]

Xolile Dasheka, a game farmer and owner of Imvelo Safari where the conference is currently underway, shared his journey in agriculture. He emphasized hard work to achieve your goals, saying he had to prove his neighbors and critics wrong, even those from government. “The naysayers now come to me and ask me for advice.”

He also called on black farmers to not only rely on state support to achieve success, but to be entrepreneurial in their approach instead. “Let us not rely on government. Don’t just say government is not doing this and not doing that.”

^ this

In the end it's up to the individual emerging black farmer to actually perform, that will also involve listening to those who have made it in the industry and not going out and buying a Wabenzi or new farm bakkie but putting finance back into the farm.
They also need to be prepared to not become instant millionaires and realize they working for their future offspring to be successful and so forth.

Mentor-ship is also key here as well.