Nedbank’s relationship with the agricultural sector has evolved beyond just offering finance and now entails the provision of holistic solutions for everyday, seasonal and future growth requirements. These holistic solutions cater for the whole agricultural value chain, ranging from primary producers to listed agribusinesses.
We provide the agricultural sector with a team of specialists across the country who use their expertise to create tailored financing and innovative banking solutions to grow each business to the next level. This offering includes advice and support from Nedbank Business Banking on working-capital management; cash-handling and card solutions; global trade solutions and digital trade channels; payment and receipts management; and a full range of investment products.
Nedbank also partners with a variety of stakeholders to ensure that this expertise is channelled back into the communities and the agricultural sector as a whole, helping us fulfil our corporate purpose ‘to use our financial expertise to do good for individuals, families, businesses and society’.
One such partnership is the WWF-SA’s Sustainable Agriculture Programme, the goal of which is to research and help solve the water, energy and soil challenges we are facing. The programme works with farmers, consumers and government to achieve healthy, functioning ecosystems on our farmlands in five key farming sectors: fruit, wine, dairy, beef and sugar. Innovative research has been conducted as part of this programme, and we are happy to share this with our agricultural clients.
By combining sustainable agricultural practices with financial agricultural expertise, we, at Nedbank, are working hard to ensure that this sector can grow and thrive and that South Africans from all walks of life have access to nourishing food, clean water and employment. This way, we can achieve a thriving agricultural economy with a positive long-term future, together.
Nedbank actively embraces and promotes innovation and new technology and has recently invested in and now partners with Aerobotics, an aerial data-analytics startup based in Cape Town.
It provides a platform and an app that use artificial intelligence to scout vineyards or orchards and find areas that are underperforming due to pests or other problems, allowing farmers to know where to take action ensuring profitability and sustainability.