Agriculture and mining drive growth in Mpumalanga
tandard Bank Mpumalanga has invested deeply in expertise, knowledge and infrastructure in various sectors within the province.
We deliver financial solutions for the varied needs of individuals and businesses along the agribusiness supply chain through the experience and deeprooted expertise of our teams.
Mining is a significant contributor to the growth of Mpumalanga. There are 127 mining projects owned by 47 mining companies in the region, and both international and local mining houses have an established footprint here.
Agriculture is a specialised sector with more than 30 sub-sectors requiring vast knowledge, skill and experience for in depth understanding of its complexities and integrated cycles. The industry is highly dependent on us understanding the agribusiness value chain and providing appropriate solutions to ensure the success of our clients.
We understand that mining is a specialised sector that needs specific banking solutions. We have the expertise to cater for banking needs across the mining value chain, whether your business is a producer, minerals processor or service provider to the mining industry. Our Johannesburg-based team of sector specialists provides support and in-depth mining sector insight to our dedicated Relationship Managers across the country, including Mpumalanga. From securing asset finance for mine development to managing your daily working capital needs – with us as your financial partner, you are assured that you are engaging with experts who have insight into what matters most. Food production As one of the most productive agricultural regions in South Africa, Mpumalanga plays a key role in food production for consumption and in the country’s agricultural export industry.
The funding required in agribusiness includes property finance to fund land acquisition, production finance for planting and growing annual and longterm crops and working capital for financing vehicles and equipment, irrigation systems and packing facilities for fruit. Many agri sub-sectors, like the nut industry, export products overseas and require the correct Foreign Exchange and International Payment solutions. This includes the ability to guarantee payments and hedge foreign exchange variances. We don’t believe in simply selling a product to our clients. What is important for us is to understand the unique business needs and match the appropriate solution so as to create value for our clients. ■
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Standard Bank offers specific banking solutions in specialised sectors.