John Hudson, Head of Agriculture at Nedbank Commercial Banking, and Wandile Sihlobo, Chief Economist at the Agricultural Business Chamber of South Africa (Agbiz) 2024 has been a year of mixed fortunes for the agricultural sector. The mid-summer El Niño-induced drought that negatively impacted summer crops, while events like the ongoing animal disease woes, the seemingly ...

Quote: Daneel Rossouw, Head of Sales: Agriculture at Nedbank Commercial Banking According to Q3 stats released today, agriculture showed a net gain of 39 000 jobs compared to Q2 but a loss of 21 000 jobs compared to Q3 2023. It must be noted that the agriculture sector employs a significant number of South Africans, with current ...

John Hudson, head of agriculture at Nedbank Commercial Banking While it may lack the glamour of other industries, agriculture is arguably one of the most crucial sectors for the South African economy, contributing significantly to food security, employment, export earnings, and the broader economy and providing the foundation for rural life. Digitalisation, artificial intelligence, fintech, ...

Spokesperson: Cobus de Bruyn, Head of Client Value Propositions for Agriculture at Nedbank Commercial Banking With unemployment increasing, one can expect further pressure on the Government fiscus.  While the energy situation has improved, the same cannot be said for the economy or employment. There will be a significant lag effect post loadshedding, which is what ...

John Hudson | Head of Agriculture | Nedbank Commercial Banking/Image:File Photo Primary agriculture contributes around 2,5% to South Africa’s gross domestic product , which is a relatively small proportion considering that agricultural land represents almost 80% of the country’s total land area. However, the sector’s overall contribution, including the value chain, is substantially higher, contributing ...

Nedbank Commercial Banking and Partners in Agri Land Solutions (PALS) recently celebrated the financing of their 1st collaborative agricultural transformation transaction at an inspiring title deed handover event held on the farm near Piketberg. The finance enabled a newly formed company named Pele ea Pele (Pty) Ltd to acquire 2 farms in Piketberg in the ...

Nedbank is proud to have contributed R6,5 million for 20 young South Africans through its Enterprise and Supplier Development programme (ESD) to participate in the Enterprising Africa Regional Network (EARN) Agripreneur Development Programme, with the first cohort entering the programme in September 2023. The programme boasts a comprehensive 360° curriculum that is created to equip ...

In September 2022 Nedbank partnered with agricultural transformation specialists, Partners in Agri Land Solutions (PALS), to fund their enterprise development until 2025. The agreement includes an amount of R1 million per year to fund the training of new farmers through an enhanced ‘Next Level Training’ (NLT) curriculum. PALS is a non-profit organisation developed by farmers in ...