cut

Agriculture is a capital intensive industry with a national agriculture debt in access of R 160 million, the reduction of the interest rate by 25 basis points is therefore a welcome relief to farmers and producers who are still recovering from the aftermath of the drought of two years ago. During a drought, producers have less or nothing to take to the market and derive some income from, however, they still have to carry the cost of holding farm assets and are thus unable to meet their debt … [Read more...] about Rate cut offers welcome relief