South Africa should lease farms to black farmers: bank

South Africa should consider leasing farms to previously disadvantaged black farmers with an option to buy to speed up land reform, a financial institution which gives loans to farmers said in a report released. South Africa set a target of handing over 30 percent of commercial farmland to blacks by 2014. But so far only about seven percent of the commercial farmland has been transferred to black farmers with government saying lack of funds to purchase land has constrained the process. According to the report to treasury, farmers needed to be provided with post-settlement support and lower interest rates to help them succeed. Read more here.
Reuters Africa

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