The government is looking into transforming the agricultural sector so that it allows the entry of black people to participate meaningfully in the economy and the food production value chain. The agriculture sector has been identified as a key platform for both transformation and growth and job creation which could create one million jobs by 2030.
The government is also finalising the AgriBEE Enforcement Regulations to enforce Broad-Based Black Economic Empowerment through the government levers such as licenses, permits, concessions, authorisations, grants and incentives.
The AgriBEE Sector Code provides guidelines for transformation in the agriculture sector and some of the significant aspects in the Amended AgriBEE Sector Code is the inclusion of farm workers under ownership scorecard.
The government also recently established the AgriBEE Fund, which is geared towards increasing black entrepreneurs in the sector. The fund covers the funding of qualifying enterprise development initiatives, which are targeted at creating economic access and participation for black people in the agricultural sector.
Furthermore, the Department of Agriculture, Forestry and Fisheries, in partnership with the Forest Sector Charter Council, is working on the development of a Funding Scheme for Black Foresters.
Other existing government programmes include the Comprehensive Agriculture Support Programme, Ilima/Letsema, LandCare, and MAFISA, the Micro Agricultural Financial Institutions of South Africa which all seek to address the financial services needs of the smallholder farmers and agribusinesses.
Click here to read more about government’s transformation targets in agriculture.