PROGRESS REGARDING THE IMPLEMENTATION OF THE
Description: PROGRESS REGARDING THE IMPLEMENTATION OF THE BLENDED FINANCE SCHEME PORTFOLIO COMMITTEE ON AGRICULTURE Date: 10 SEPTEMBER 2024 Presenter: Ms E Mtshiza CONFIDENTIAL 1 Acronyms AEF Agro-Energy Fund BFS - Blended Finance Scheme CAPEX
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slide1. PROGRESS REGARDING THE IMPLEMENTATION OF THE BLENDED FINANCE SCHEME
PORTFOLIO COMMITTEE ON AGRICULTURE
Date: 10 SEPTEMBER 2024
Presenter: Ms E Mtshiza CONFIDENTIAL 1<br>
slide2. Acronyms AEF – Agro-Energy Fund
BFS - Blended Finance Scheme
CAPEX – Capital equipment and infrastructure fund
Dalrrd - Department of Agriculture, Land Reform and Rural Development
DFFE - Department of Forestry, Fisheries and Environment
FNB – First National Bank
MTEF – Medium Term Expenditure Framework
SEFA - Small Enterprise Finance Agency SOC Limited “SEFA” CONFIDENTIAL 2<br>
slide3. Purpose To provide the Portfolio Committee on Agriculture with the background and progress on the implementation of the Blended Finance Scheme CONFIDENTIAL 3<br>
slide4. Problem Statement The National Development Plan (NDP) acknowledges that transforming the economy also means changing the patterns of ownership and control. To date efforts to transfer ownership of productive assets have not yielded the desired results with employee share scheme playing a less significant role. A bolder approach and clearer targets are required (NDP – Vision 2030).
The agricultural sector remain dominated by white commercial producers who play a significant role in providing food, fibre, employment as well as ensuring foreign earnings from the sector.
A number of factors constrain black producers from participating in the mainstream markets and value chain such as access to affordable finance, land, infrastructure, lack of collateral, inadequate skills and networks. 4 CONFIDENTIAL<br>
slide5. The Department of Agriculture, Land Reform and Rural Development “Dalrrd” embarked on a 5 week Operation Phakisa on Agriculture, Land Reform and Rural Development with key stakeholders in the sector in 2017 and among the 27 initiatives that were developed was Re-engineering of Agricultural Finance.
This initiative advocated for the development of blended instruments were the state would provide a grant and leverage private funding in order to increase access to affordable finance for black producers.
The blended funding would:
unlock and enhance agricultural production of targeted producers through deliberate and well-defined interventions;
drive the commercialization of black producers, increasing employment and exports and replacing imports; resulting in increase in GDP and economic growth. 5 Background and Introduction CONFIDENTIAL<br>
slide6. Background and Introduction (2) The Blended Finance Scheme was approved in 2018 with the proof of concept phase implemented through the Land Bank resulting in 7 transactions approved; and there were lessons learnt during this phase which led to the review of the concept.
The improved Blended Finance Scheme “BFS” was re-launched by Minister Thoko Didiza on 18 March 2021 with IDC as the trailblazer and on 19 October 2022, resumption of lending activities of Land Bank were launched through Blended Finance Scheme.
BFS is part of the Presidential Job Summit Initiative and a Joint Technical Committee at Nedlac which included BASA, AgBiz, Land Bank, Labour, Community groups and farmer organizations has been involved in the review of the scheme.
The goal of the scheme is to broaden access to affordable finance by black producers in particular and ensure a critical mass of black commercial producers owning and controlling the agricultural value chains. 6 CONFIDENTIAL<br>
slide7. This is a blended instrument were the state would provide a grant and leverage private funding in order to increase access to affordable finance for black producers.
The grant will not be eligible to fund any project/transaction on a stand-alone basis, BUT will always be utilised to blend with loan to achieve said objectives;
The grant contribution by DALRRD with no financial returns expected shall be treated as equity contribution on behalf of black producers; BUT shall be bound by the Terms and Conditions for the grant which will be endorsed by DALRRD and the partnering financial Institution.
The goal of the scheme is to:
Support sustainable commercialization of black producer’s farming enterprises in meeting food security and wealth creation.
Support enhancement of production and agro-processing by Black Producers through deliberate, targeted and well defined interventions.
Accelerate land redistribution and make land reform successful.
Grow the economy, create sustainable employment and eradicate poverty.
Transform the sector 7 CONFIDENTIAL What is the Dalrrd Blended Finance Scheme?<br>
slide8. 8 CONFIDENTIAL BFS VISION AND MISSION Vision:
To facilitate meaningful participation of black producers and majority black owned enterprises owning and controlling the agricultural value chains.
Mission:
This will be realised by creating producers that will serve as drivers of economic transformation through deliberate and co-ordinated support interventions .<br>
slide9. 9 CONFIDENTIAL Targeted Commodities in line with Agriculture and Agro-processing Master Plan<br>
slide10. Who qualify ? South African citizens with a valid identity document
Black owned and managed farming enterprises that are commercially viable in commodities prioritised in the AAMP, Aquaculture and Forestry.
In the case of Joint Ventures, the non-black partner should have 40% but not less than 26% ownership in the enterprise;
Enterprises with 10% Farm worker profit sharing;
Youth, women, People with Disability and military veterans
Qualifying applicants 60 years and above but demonstrate evidence of a successor. Who does not qualify? Politicians in public office (12 months cooling period)
Employees of government & SOEs (24 months cooling period)
Fund administrators ; Special advisors for agricultural programmes
Foreign nationals, dual citizenship and illegal immigrants
Part time producers
Politically Exposed Persons posing a reputational risk as identified through the credit provider’s lending policies, including but not limited to Anti-Money laundering risk management and compliance policies.
Distressed producers where the grant is required to settle the debt of distressed producers.
Joint Ventures with farm workers where farm workers are not involved in the management of the operation;
Applicants with no provision for farm worker profit sharing. CONFIDENTIAL 10<br>
slide11. The Blended Fund facility will be used by the parties to provide loan and grant funding to black producers or majority black owned enterprises for:
The acquisition of primary agricultural land parcels and/or commercially viable agricultural sector value chain operating entities (agri-businesses).
Support existing operations for expansion in production on privately owned or land reform farms (Brownfields and Greenfields operations);
The purchasing of capital equipment and infrastructure (“CAPEX”).
Working capital and/or production loan (“Production Facility”).;
Insurance pool provision for subsidisation of insurance cover for the applicable farmers (capped at 6% (six percent) of each total Grant Funding Facility amount).
The Banking Association of South Africa agreed in writing to accept lease agreements as security of tenure to provide blended funding; which should be equal to or longer than the term of the loan! 11 CONFIDENTIAL Scope of Funding<br>
slide12. CASP , Ilima/Letsema and Land Development Support play a significant role in the development and support of these producers who does not qualify for blended funding. The support focus on:
Household food security
Infrastructure development
Market readiness / development
Capacity building Tenure rights: land tenure, restitution will fit into either of the four categories >R500 000 t/a >R10 million t/a >R1 million t/a Blended Finance consisting of loans and grants to commercialise black producers. (working capital, infrastructure, implements, market access, capacity building and land acquisition) The Support Available per Category of Producers Only large scale acquisitions receive support through blended funding 0-R50k t/a
- 100% grant capped @ R300k in 5 years for HH and R500k in 5 years for subsistence producers R50k – R1 million t/a
- 100% grant capped @ R5 million in 5 years. Blended finance guided by the Economic Benefit Criteria and the grant gliding scale Blended funding ONLY for Land acquisitions guided by the Economic Benefit Criteria and grant gliding scale 12 CONFIDENTIAL<br>
slide13. 13 CONFIDENTIAL Qualifying Criteria<br>
slide14. 14 CONFIDENTIAL The Economic Benefit Criteria (DALRRD scorecard)<br>
slide15. Applicant must achieve at least 20 points on the Economic Benefit Criteria to qualify for blended funding, even after meeting the sustainability indicators. The Dalrrd grant shall not exceed R50 million on one transaction.
The BF grant/loan ratio for smallholder support is at most 60:40; medium scale at most 50/50 and large scale commercial at most 40:60.
For Greenfield and Brownfield development of high value, export oriented crops, the DALRRD will contribute 40% of the required funding for this development e.g. Macadamia, Peacan Nut, Avocados, Citrus etc. capped at R40 million. This may include households/ communal groups as beneficiaries. 15 CONFIDENTIAL The Grant Gliding Scale<br>
slide16. Pre-Funding Support (EIA, Due diligence etc) Application Assessment by Bank Application Approval by Bank Insurance Application – where applicable Signing of Terms & Conditions for the grant Draw down on grant funding Steering Committee Meetings Evaluation, Termination or Continuation (with improvements prn) Dalrrd Technical Committee verification visits and register farmer on Farmer Register Post Funding Support (training, market access etc) Breach of Terms & Conditions 16 CONFIDENTIAL The applicants should first meet the banks’ minimum requirements Blended Finance Scheme Value Chain<br>
slide17. 17 CONFIDENTIAL Roles and Responsibilities of parties<br>
slide18. Implementation Model The Dalrrd enters into partnerships with financing institutions (through Memorandum of Agreement “MOA”) who contribute the loan/ credit component of the required funding while the Dalrrd grant is used as equity contribution on behalf of black producers to lower gearing.
The MOAs were concluded with Industrial Development Cooperation “IDC” (March 2021), Land Bank (October 2022) and ABSA (16 May 2024).
Engagements are underway with First National Bank “FNB”, Nedbank, Department of Forestry, Fisheries and Environment (BFS for foresters) and Small Enterprise Finance Agency SOC Limited “SEFA” (BFS for Smallholder producers and aggregator model).
Land Bank plays a dual role as the Fund Administrator and Participating Financial Institution. 18 CONFIDENTIAL<br>
slide19. 19 Steering Committee DG
DALRRD Producer Commodity Organization DALRRD AND PDA Grant Facility Account @ Land Bank Fund Administrator Technical Committee AUDITOR GENERAL 1 2 3 4 5 6 Blended Finance Scheme Context Diagram TOR TOR Blended Funding and Insurance Standard requirements Grant Facility Account @ IDC Fund Administrator CONFIDENTIAL<br>
slide20. THE SECTOR COMMITMENT: AAMP (Note: This is an executive summary. Kindly refer to Action Plan document for comprehensive list) Resolving policy ambiguities and creating investment friendly climate Creating enabling infrastructure Providing comprehensive farmer support, development finance, R&D and extension services Ensuring food security, expanded production and employment creation, decency and inclusivity Developing localized food, import replacement and expanded agro-processing exports Enabling markets expansion, improving market access and trade facilitation PILLAR 4 PILLAR 5 PILLAR 6 PILLAR 3 PILLAR 2 PILLAR 1 Accelerate the redistribution of land for production purposes to deserving beneficiaries & the recording and strengthening of land rights in communal areas.
Increase equitable access to water rights and allocation efficiency.
Ensure a safe secure living and working environment for farmers and farm workers and address stock theft in communal and commercial areas.
Transformation through revision of AgriBEE and NAMC transformation guidelines Fast track the revitalisation of irrigation schemes for increased production and more efficient water use.
Revitalise strategic infrastructure - NFPMs, rural roads, railways (road-to-rail) and ports (depth and loading capacity).
Liberalise electricity generation and supply
Incentivise rural infrastructure investment and maintenance by private sector. Increase production and value chain transformation through accessible and affordable credit, blended financing
Secondment of extension officers to private sector
Expand and intensify transfer of applicable technical knowledge to specific farmer categories.
Enable interventions and provision of holistic support to different farmer categories by completing farmer registry and updating agri census Ensure production expansion, intensification and value addition leads to secure, decent, inclusive, gender equitable employment through proper monitoring & compliance and enforcement mechanisms
Create opportunities for upward mobility at the workplace and within the value chain through skills training and career path development
Revitalise agricultural colleges – align levy funding to support colleges and training programmes Develop a public-private export promotion initiative to jointly identify export opportunities, better coordinate existing relationships and increase trade facilitation capacity.
Improve biosecurity & traceability systems for national herd health and to enable market access for all.
Jointly identify opportunities to develop Regional Value Chains (ACFTA) Increase government, and incentivise supermarket and industry procurement from local and black owned farms, SMMEs and agribusinesses
Invest in local processing and value addition capacity.
Act decisively against unfair trade, illicit products, substandard products, and imports that are not properly declared. PILLARS KEY INTERVENTIONS “UNLOCKED” OPPORTUNITIES R32 BILLION Real GPV added by
2030 Increase of 410 000Ha (12%) within crops and
611 000t (10%) of livestock Total additional Jobs
71 487
(16% increase on 2030 baseline) CONFIDENTIAL 20<br>
slide21. Summary of Blended Finance Scheme Achievements CONFIDENTIAL 21<br>
slide22. Blended Finance Scheme - Next Steps An additional budget allocation of R1,3 billion annually is being lobbied through National Treasury for the 2025/28 MTEF period to enable broadening access to blended finance through:
FNB
Nedbank
DFFE
SEFA Monitoring and oversight on the implementation is done through:
The Steering committee
The Dalrrd technical committee
Participating Financial Institution
Provincial Department of Agriculture CONFIDENTIAL 22<br>
slide23. End Thank You. CONFIDENTIAL 23<br>
PORTFOLIO COMMITTEE ON AGRICULTURE
Date: 10 SEPTEMBER 2024
Presenter: Ms E Mtshiza CONFIDENTIAL 1<br>
slide2. Acronyms AEF – Agro-Energy Fund
BFS - Blended Finance Scheme
CAPEX – Capital equipment and infrastructure fund
Dalrrd - Department of Agriculture, Land Reform and Rural Development
DFFE - Department of Forestry, Fisheries and Environment
FNB – First National Bank
MTEF – Medium Term Expenditure Framework
SEFA - Small Enterprise Finance Agency SOC Limited “SEFA” CONFIDENTIAL 2<br>
slide3. Purpose To provide the Portfolio Committee on Agriculture with the background and progress on the implementation of the Blended Finance Scheme CONFIDENTIAL 3<br>
slide4. Problem Statement The National Development Plan (NDP) acknowledges that transforming the economy also means changing the patterns of ownership and control. To date efforts to transfer ownership of productive assets have not yielded the desired results with employee share scheme playing a less significant role. A bolder approach and clearer targets are required (NDP – Vision 2030).
The agricultural sector remain dominated by white commercial producers who play a significant role in providing food, fibre, employment as well as ensuring foreign earnings from the sector.
A number of factors constrain black producers from participating in the mainstream markets and value chain such as access to affordable finance, land, infrastructure, lack of collateral, inadequate skills and networks. 4 CONFIDENTIAL<br>
slide5. The Department of Agriculture, Land Reform and Rural Development “Dalrrd” embarked on a 5 week Operation Phakisa on Agriculture, Land Reform and Rural Development with key stakeholders in the sector in 2017 and among the 27 initiatives that were developed was Re-engineering of Agricultural Finance.
This initiative advocated for the development of blended instruments were the state would provide a grant and leverage private funding in order to increase access to affordable finance for black producers.
The blended funding would:
unlock and enhance agricultural production of targeted producers through deliberate and well-defined interventions;
drive the commercialization of black producers, increasing employment and exports and replacing imports; resulting in increase in GDP and economic growth. 5 Background and Introduction CONFIDENTIAL<br>
slide6. Background and Introduction (2) The Blended Finance Scheme was approved in 2018 with the proof of concept phase implemented through the Land Bank resulting in 7 transactions approved; and there were lessons learnt during this phase which led to the review of the concept.
The improved Blended Finance Scheme “BFS” was re-launched by Minister Thoko Didiza on 18 March 2021 with IDC as the trailblazer and on 19 October 2022, resumption of lending activities of Land Bank were launched through Blended Finance Scheme.
BFS is part of the Presidential Job Summit Initiative and a Joint Technical Committee at Nedlac which included BASA, AgBiz, Land Bank, Labour, Community groups and farmer organizations has been involved in the review of the scheme.
The goal of the scheme is to broaden access to affordable finance by black producers in particular and ensure a critical mass of black commercial producers owning and controlling the agricultural value chains. 6 CONFIDENTIAL<br>
slide7. This is a blended instrument were the state would provide a grant and leverage private funding in order to increase access to affordable finance for black producers.
The grant will not be eligible to fund any project/transaction on a stand-alone basis, BUT will always be utilised to blend with loan to achieve said objectives;
The grant contribution by DALRRD with no financial returns expected shall be treated as equity contribution on behalf of black producers; BUT shall be bound by the Terms and Conditions for the grant which will be endorsed by DALRRD and the partnering financial Institution.
The goal of the scheme is to:
Support sustainable commercialization of black producer’s farming enterprises in meeting food security and wealth creation.
Support enhancement of production and agro-processing by Black Producers through deliberate, targeted and well defined interventions.
Accelerate land redistribution and make land reform successful.
Grow the economy, create sustainable employment and eradicate poverty.
Transform the sector 7 CONFIDENTIAL What is the Dalrrd Blended Finance Scheme?<br>
slide8. 8 CONFIDENTIAL BFS VISION AND MISSION Vision:
To facilitate meaningful participation of black producers and majority black owned enterprises owning and controlling the agricultural value chains.
Mission:
This will be realised by creating producers that will serve as drivers of economic transformation through deliberate and co-ordinated support interventions .<br>
slide9. 9 CONFIDENTIAL Targeted Commodities in line with Agriculture and Agro-processing Master Plan<br>
slide10. Who qualify ? South African citizens with a valid identity document
Black owned and managed farming enterprises that are commercially viable in commodities prioritised in the AAMP, Aquaculture and Forestry.
In the case of Joint Ventures, the non-black partner should have 40% but not less than 26% ownership in the enterprise;
Enterprises with 10% Farm worker profit sharing;
Youth, women, People with Disability and military veterans
Qualifying applicants 60 years and above but demonstrate evidence of a successor. Who does not qualify? Politicians in public office (12 months cooling period)
Employees of government & SOEs (24 months cooling period)
Fund administrators ; Special advisors for agricultural programmes
Foreign nationals, dual citizenship and illegal immigrants
Part time producers
Politically Exposed Persons posing a reputational risk as identified through the credit provider’s lending policies, including but not limited to Anti-Money laundering risk management and compliance policies.
Distressed producers where the grant is required to settle the debt of distressed producers.
Joint Ventures with farm workers where farm workers are not involved in the management of the operation;
Applicants with no provision for farm worker profit sharing. CONFIDENTIAL 10<br>
slide11. The Blended Fund facility will be used by the parties to provide loan and grant funding to black producers or majority black owned enterprises for:
The acquisition of primary agricultural land parcels and/or commercially viable agricultural sector value chain operating entities (agri-businesses).
Support existing operations for expansion in production on privately owned or land reform farms (Brownfields and Greenfields operations);
The purchasing of capital equipment and infrastructure (“CAPEX”).
Working capital and/or production loan (“Production Facility”).;
Insurance pool provision for subsidisation of insurance cover for the applicable farmers (capped at 6% (six percent) of each total Grant Funding Facility amount).
The Banking Association of South Africa agreed in writing to accept lease agreements as security of tenure to provide blended funding; which should be equal to or longer than the term of the loan! 11 CONFIDENTIAL Scope of Funding<br>
slide12. CASP , Ilima/Letsema and Land Development Support play a significant role in the development and support of these producers who does not qualify for blended funding. The support focus on:
Household food security
Infrastructure development
Market readiness / development
Capacity building Tenure rights: land tenure, restitution will fit into either of the four categories >R500 000 t/a >R10 million t/a >R1 million t/a Blended Finance consisting of loans and grants to commercialise black producers. (working capital, infrastructure, implements, market access, capacity building and land acquisition) The Support Available per Category of Producers Only large scale acquisitions receive support through blended funding 0-R50k t/a
- 100% grant capped @ R300k in 5 years for HH and R500k in 5 years for subsistence producers R50k – R1 million t/a
- 100% grant capped @ R5 million in 5 years. Blended finance guided by the Economic Benefit Criteria and the grant gliding scale Blended funding ONLY for Land acquisitions guided by the Economic Benefit Criteria and grant gliding scale 12 CONFIDENTIAL<br>
slide13. 13 CONFIDENTIAL Qualifying Criteria<br>
slide14. 14 CONFIDENTIAL The Economic Benefit Criteria (DALRRD scorecard)<br>
slide15. Applicant must achieve at least 20 points on the Economic Benefit Criteria to qualify for blended funding, even after meeting the sustainability indicators. The Dalrrd grant shall not exceed R50 million on one transaction.
The BF grant/loan ratio for smallholder support is at most 60:40; medium scale at most 50/50 and large scale commercial at most 40:60.
For Greenfield and Brownfield development of high value, export oriented crops, the DALRRD will contribute 40% of the required funding for this development e.g. Macadamia, Peacan Nut, Avocados, Citrus etc. capped at R40 million. This may include households/ communal groups as beneficiaries. 15 CONFIDENTIAL The Grant Gliding Scale<br>
slide16. Pre-Funding Support (EIA, Due diligence etc) Application Assessment by Bank Application Approval by Bank Insurance Application – where applicable Signing of Terms & Conditions for the grant Draw down on grant funding Steering Committee Meetings Evaluation, Termination or Continuation (with improvements prn) Dalrrd Technical Committee verification visits and register farmer on Farmer Register Post Funding Support (training, market access etc) Breach of Terms & Conditions 16 CONFIDENTIAL The applicants should first meet the banks’ minimum requirements Blended Finance Scheme Value Chain<br>
slide17. 17 CONFIDENTIAL Roles and Responsibilities of parties<br>
slide18. Implementation Model The Dalrrd enters into partnerships with financing institutions (through Memorandum of Agreement “MOA”) who contribute the loan/ credit component of the required funding while the Dalrrd grant is used as equity contribution on behalf of black producers to lower gearing.
The MOAs were concluded with Industrial Development Cooperation “IDC” (March 2021), Land Bank (October 2022) and ABSA (16 May 2024).
Engagements are underway with First National Bank “FNB”, Nedbank, Department of Forestry, Fisheries and Environment (BFS for foresters) and Small Enterprise Finance Agency SOC Limited “SEFA” (BFS for Smallholder producers and aggregator model).
Land Bank plays a dual role as the Fund Administrator and Participating Financial Institution. 18 CONFIDENTIAL<br>
slide19. 19 Steering Committee DG
DALRRD Producer Commodity Organization DALRRD AND PDA Grant Facility Account @ Land Bank Fund Administrator Technical Committee AUDITOR GENERAL 1 2 3 4 5 6 Blended Finance Scheme Context Diagram TOR TOR Blended Funding and Insurance Standard requirements Grant Facility Account @ IDC Fund Administrator CONFIDENTIAL<br>
slide20. THE SECTOR COMMITMENT: AAMP (Note: This is an executive summary. Kindly refer to Action Plan document for comprehensive list) Resolving policy ambiguities and creating investment friendly climate Creating enabling infrastructure Providing comprehensive farmer support, development finance, R&D and extension services Ensuring food security, expanded production and employment creation, decency and inclusivity Developing localized food, import replacement and expanded agro-processing exports Enabling markets expansion, improving market access and trade facilitation PILLAR 4 PILLAR 5 PILLAR 6 PILLAR 3 PILLAR 2 PILLAR 1 Accelerate the redistribution of land for production purposes to deserving beneficiaries & the recording and strengthening of land rights in communal areas.
Increase equitable access to water rights and allocation efficiency.
Ensure a safe secure living and working environment for farmers and farm workers and address stock theft in communal and commercial areas.
Transformation through revision of AgriBEE and NAMC transformation guidelines Fast track the revitalisation of irrigation schemes for increased production and more efficient water use.
Revitalise strategic infrastructure - NFPMs, rural roads, railways (road-to-rail) and ports (depth and loading capacity).
Liberalise electricity generation and supply
Incentivise rural infrastructure investment and maintenance by private sector. Increase production and value chain transformation through accessible and affordable credit, blended financing
Secondment of extension officers to private sector
Expand and intensify transfer of applicable technical knowledge to specific farmer categories.
Enable interventions and provision of holistic support to different farmer categories by completing farmer registry and updating agri census Ensure production expansion, intensification and value addition leads to secure, decent, inclusive, gender equitable employment through proper monitoring & compliance and enforcement mechanisms
Create opportunities for upward mobility at the workplace and within the value chain through skills training and career path development
Revitalise agricultural colleges – align levy funding to support colleges and training programmes Develop a public-private export promotion initiative to jointly identify export opportunities, better coordinate existing relationships and increase trade facilitation capacity.
Improve biosecurity & traceability systems for national herd health and to enable market access for all.
Jointly identify opportunities to develop Regional Value Chains (ACFTA) Increase government, and incentivise supermarket and industry procurement from local and black owned farms, SMMEs and agribusinesses
Invest in local processing and value addition capacity.
Act decisively against unfair trade, illicit products, substandard products, and imports that are not properly declared. PILLARS KEY INTERVENTIONS “UNLOCKED” OPPORTUNITIES R32 BILLION Real GPV added by
2030 Increase of 410 000Ha (12%) within crops and
611 000t (10%) of livestock Total additional Jobs
71 487
(16% increase on 2030 baseline) CONFIDENTIAL 20<br>
slide21. Summary of Blended Finance Scheme Achievements CONFIDENTIAL 21<br>
slide22. Blended Finance Scheme - Next Steps An additional budget allocation of R1,3 billion annually is being lobbied through National Treasury for the 2025/28 MTEF period to enable broadening access to blended finance through:
FNB
Nedbank
DFFE
SEFA Monitoring and oversight on the implementation is done through:
The Steering committee
The Dalrrd technical committee
Participating Financial Institution
Provincial Department of Agriculture CONFIDENTIAL 22<br>
slide23. End Thank You. CONFIDENTIAL 23<br>