Friday 18 January 2019
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businessdaily - 6 month ago

Agribank secures $30 million for agriculture

AGRIBANK has obtained a $30 million line of credit from the Industrial Development Corporation South Africa (IDCSA) to support the agriculture sector.The facility is favourably priced at Libor +8,9 percent. The IDCSA board s investment committee met last Wednesday and approved the facility, which is expected to play a pivotal role in turning around the country s agriculture sector. Agribank chief ...

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