Boost comes while second-quarter GDP data shows sector is retreating
Boost comes while second-quarter GDP data shows sector is retreating
22 September 2024 – 17:08
by Kabelo Khumalo
The decision by the SA Reserve Bank last week to cut the cost of credit for the first time since 2020 will bring relief to the agriculture sector, saddled with a debt pile of more than R250bn, Nedbank says.
John Hudson, head of agriculture at Nedbank Commercial Banking, said the lender welcomed the interest rate cut that would provide relief to the indebted agriculture sector…
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