Radio Islam

The Land Bank introduced a three-year, R1.95 billion blended finance program on Monday. The bank introduced the blended finance program in 2018 but later experienced financial difficulties, entering debt default in April 2020, following which they temporarily stopped providing loans. The Land Bank, a state-owned institution, resumed financing on Monday – a blended finance program that will invest R1.95 billion over the next three years in helping new farmers become profitable. Ms Thoko Didiza Minister of Agriculture, Land Reform, and Rural Development launched an R3.2 billion blended finance program with Land Bank to help farmers. According to Didiza, the department and Land Bank have each committed R325 million per year, effectively developing an R650 million fund. By the third year, the fund will have reached R1.95 billion. Duncan Masiwa, Head of News at Food for Mzansi, spoke with Radio Islam International on the R3.2 billion Blended Finance Scheme intended to help farmers, particularly black farmers.

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Since 1999, the Umthombo Youth Development Foundation has offered financial aid and mentoring to students majoring in health sciences from underprivileged rural areas. This non-profit works to ensure that many students from South Africa’s most disadvantaged schools become doctors. Despite coming from some of South Africa’s poorest schools, Umthombo students outperform ordinary health science students at prominent universities like The University of the Witwatersrand regarding pass rates. Jesse Copelyn, a health journalist at Bhekisisa, spoke with Radio Islam International.

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