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The Department of Land Reform and Rural Development will provide R500m in grant funding to the Land Bank’s Blended Finance Scheme for qualifying emerging and developing farmers for the remainder of the 2026/27 financial year.
The state bank that pays out social grants blames a R44.5 million SARS interest charge for its loss, but its fee income halved under a Reserve Bank restriction and a write-back from Land Bank repayments held up what was left.
Land Bank's Blended Finance Scheme is under renewed parliamentary scrutiny as demand outstrips available funding and farmers face delays that can have serious consequences for seasonal production.
At the 2026 SME South Africa Funding Summit, Litha Kutta, Head of Partnership Development and Ecosystem Coordination at the Land and Agricultural Development Bank of…