Patrice Motsepe to establish multi-billion rand fund for black farmers

5

SA’s emerging black farmers are set to benefit from a multi-billion rand fund businessman Patrice Motsepe wants to establish.The billionaire, who is the African Rainbow Minerals chair, said at the African Farmers Association of SA (Afasa) agribusiness transformation conference in Bloemfontein at the weekend that the fund will focus on assisting those in agriculture, agribusiness and related industries.

“We need black farmers to be part of sustainable, commercially viable and profitable enterprises. When we do that we will build a future for all of our people.”Motsepe described land as a “deeply emotional issue” among South Africans, adding: “You will never be able to take the politics out of the land.”Afasa president Dr Vuyo Mahlati could not immediately be reached for comment.

Read more