see money differently
NEDBANK: PARTNERING FOR GROWTH AND SUSTAINABLE AGRIBUSINESSES According to the Agricultural Business Chamber (Agbiz), South Africa’s agricultural sector is not expected to be hit as hard by the Covid-19 pandemic as the global agricultural sector.
While this is good news for an economy entering what’s expected to be the deepest recession on record, the agriculture value chain faces a daunting task: to increase food production by 70% to meet the demands of a global population that is expected to reach nine billion by 2050. As with many economic sectors, it is becoming clear that technology and innovation are the drivers in the establishment of more efficient, productive and sustainable agriculture. Ivor Meeding, Nedbank Regional Manager Agriculture for Mpumalanga, says that Nedbank has created innovative funding solutions designed to support farmers with sustainable farming interventions where the commodity produced or infrastructure itself is used as security. ‘For example, with drought a perpetual threat that South
Nedbank has created innovative funding solutions designed to support farmers with sustainable farming interventions …
Africa faces, our funding solutions range from water-efficiency innovations and cutting-edge irrigation to shade-netting, which improves the yield of underperforming crops, protects them from natural hazards and reduces water use.’ Nedbank's purpose is to help clients 'see money differently' and we do this by applying our bigger-picture business banking approach to understand each client’s business and the specific challenges and opportunities they face. This enables us to provide the banking solutions they need, ranging from the innovations mentioned above to short- and long-term financial support,’ he says. If you would like to see how our specialist teams can assist you, or want more information, please send email Ivor Meeding at email@example.com or visit www.nedbank.co.za/business. Nedbank Ltd Reg No 1951/000009/06. Authorised financial services and registered credit provider (NCRCP16).
n fact, thanks to bumper grain and fruit harvests, we could see a 10% year-onyear recovery in GDP in the sector for 2020. The current maize harvest is up 38% from the 2018/19 harvest, and is the secondlargest harvest on record, which means that South Africa remain a net exporter of maize and could also export maize beyond the African continent.