NERPO Press Releases

NERPO to launch Agricultural Cooperative Bank in Free State

Media invite

For Immediate release

20 March 2015

NERPO to launch Agricultural Cooperative Bank in Free State

The National Emergent Red Meat Producers Organisation (NERPO) will launch two of its flagship projects in the Free State on the 06th March 2015. The projects, NERPO Livestock Syndicate and Agricultural Cooperative Bank are aimed at providing solutions to some of the most critical challenges facing smallholder farmers in South Africa such as access to markets and finance.

 

The NERPO Livestock Syndicate which is aimed at integrating South African smallholder livestock farmers in the red meat value chain, not only as producers and suppliers but share ownership of key segments of the red meat value chain. Mr Aggrey Mahanjana, NERPO Group Managing Director said smallholder farmers have always been producers and suppliers but never owners or shareholders of any other segments of the value chains. This, according to him has been the major contribution to their un-sustainability as they remained price takers both from the input and output sides. “NERPO believes that the participation of smallholder livestock farmers, as owners or shareholders in the entire red meat value chain, will stimulate primary agricultural production, create jobs and improve incomes along the agro-food value chain. Livestock Syndicate Project aims at making this integration a reality for our farmers,” said Mr Mahanjana.

Over the past 20 years, smallholder farmers have been left out due to the unfavourable agricultural lending criteria used by commercial banks and other financing institutions. This, according to Mr Mahanjana, included the Land Bank. “We still feel that the Land Bank’s lending criteria and requirements were cumbersome and continued to exclude smallholder farmers. The turnaround time for loan approvals was too long and sometimes contributes to their failure to repay the loans. Through the cooperative bank, farmers would be able to set their own rules and criteria to lending, probably at lower interest rates,” said Mr Mahanjana. 

Members of the media are invited to attend and cover this historical day which will be held as follows:

Venue: The Glen Agricultural College (Free State, 25km North of Bloemfontein next to N1 or Braandfort Road)

Date: 24 March 2015

Time: 10H00

Please RSVP to Mr Peter Mashala on 084 484 4049 or This email address is being protected from spambots. You need JavaScript enabled to view it./This email address is being protected from spambots. You need JavaScript enabled to view it.">This email address is being protected from spambots. You need JavaScript enabled to view it./This email address is being protected from spambots. You need JavaScript enabled to view it. 

End

Inquiries

Mr Aggrey Mahanjana

NERPO Group Managing Director  

Tel: +27 (0)12 348 8566

Cell: +27 (0)82 556 7297

e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.