Absa, Stanbic partner in historic R680m sustainable funding deal
Friday, February 16, 2024 | 390 Views |
The deal unveiled on Monday was at least two works in its arrangement and represents the first sustainable-linked funding developed in the local market. Sustainable funding refers to financing linked to the borrower’s pursuit or attainment of Environmental, Social, or Governance (ESG) targets.
Typically, such funding is incentivised in terms of the cost of funding and is tightly monitored for impact by the lenders.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...