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Presented by: George Mothoa Date: 12 November 2004

Land Reform Empowerment Facility Annual Report Presentation to the Portfolio Committee on Agriculture and Land Affairs. Presented by: George Mothoa Date: 12 November 2004. Background Information. The LREF is a BEE Programme. Background Information. Funders :

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Presented by: George Mothoa Date: 12 November 2004

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  1. Land Reform Empowerment FacilityAnnual Report Presentation to the Portfolio Committee on Agriculture and Land Affairs Presented by: George Mothoa Date: 12 November 2004

  2. Background Information The LREF is a BEE Programme

  3. Background Information • Funders : • Department of Land Affairs (DLA) • European Union (EU) • Department of Environmental Affairs & Tourism (DEAT)

  4. Background Information Purpose : Facilitate Access to financeTo leverage private Sector Finance into Land Reform Projects.Modus Operandi :Wholesale concessionary loans to Commercial banks and other Private Sector organisations for on-lending to Land Reform Projects.

  5. Main Objectives • To support Black People who want to buy land for Agricultural purposes. To enable Farm Workers to participate in the ownership, management and control of Land-based Enterprises (partnerships/Joint Ventures)Enable the meaningful economic participation of communities living adjacent to Eco-Tourism establishments (Kruger Park, Madikwe)

  6. Performance Indicators • Job creationSkills Development & Transfer at project levelOutreach and Provincial SpreadBroad lending base (Avenues)Development of a new Cadre of Black Agricultural Entrepreneurs

  7. Performance Indicators • Broad-Based Black Economic Empowerment of previously disadvantaged: - Minimum Wage - Participation of Women - Gender Equity (Managerial participation) - Preferential procurement/outsourcing to Black SMEs - Social infrastructure for Farm Workers

  8. Achievements : Financial Year 2003/04

  9. Projects Approved for the period April ’03 to March ‘04

  10. Retail Financial Intermediaries ParticipationRand Value (Rmillions)

  11. Provincial SpreadNumber of Projects

  12. Provincial SpreadRand Value (Rmillions)

  13. Projects in the Pipeline

  14. Challenges and Proposed Remedies

  15. Thank youQUESTIONS?

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