AGRICULTURE: Moratorium On Farm Equity Plans
Recent Western Cape Business News
Agri Wes-Cape says it is delighted about Minister Nkwinti’s announcement that the moratorium on share equity schemes will be lifted from January 2011. “We’re glad that since the moratorium was implemented in June 2009, the numerous requests from commercial agriculture, farmworkers, the Provincial Minister of Agriculture as well as the Premier of the Western Cape for the lifting of the moratorium, were taken seriously”, says Carl Opperman, Chief Executive Officer of Agri Wes-Cape.
About 80 of the close to 100 equity scheme projects in the country, is located in the Western Cape. “We regard equity schemes as one of the most effective means to implement successful, but more importantly sustainable, land reform and black economic empowerment”, says Carl Opperman. “We will gladly share the current models for successful equity schemes in the Western Cape with Minister Nkwinti and his Department, because we believe that the lessons we learnt from it, will be an advantage to new projects”
Inadequate training of new beneficiaries is one of the challenges that has been identified and we are glad that Minister Nkwinti is planning to give this some attention.
Commercial agriculture accepts the invitation of Minister Nkwinti to assist in putting mechanisms in place to ensure the future of equity schemes. It is equally important to us that equity schemes are successful and well managed, because this is not only about empowerment, but also about food security and sustainable employment in the agricultural sector, Opperman says.
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