Intellectual Property Rights from Publicly Financed Research and
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Land and Agricultural Development Bank Act, 2002 (Act No. 15 of 2002)Part I : Fundamental Principles and Interpretation3. Objects of Bank |
| (1) | The objects of the Bank are the promotion, facilitation and support of— |
| (a) | equitable ownership of agricultural land, in particular the increase of ownership of agricultural land by historically disadvantaged persons; |
| (b) | agrarian reform, land redistribution or development programmes aimed at historically disadvantaged persons or groups of such persons for the development of farming enterprises and agricultural purposes; |
| (c) | land access for agricultural purposes; |
| (d) | agricultural entrepreneurship; |
| (e) | the removal of the legacy of past racial and gender discrimination in the agricultural sector; |
| (f) | the enhancement of productivity, profitability, investment and innovation in the agricultural and rural financial systems; |
| (g) | programmes designed to stimulate the growth of the agricultural sector and the better use of land; |
| (h) | programmes designed to promote and develop the environmental sustainability of land and related natural resources; |
| (i) | programmes that contribute to agricultural aspects of rural development and job creation; |
| (j) | commercial agriculture; and |
| (k) | food security. |
| (2) | The Bank must achieve its objects by— |
| (a) | providing financial services to promote and facilitate access to ownership of land for the development of farming enterprises and for agricultural purposes by historically disadvantaged persons; |
| (b) | providing financial services in support of any of its objects; |
| (c) | facilitating and mobilising private sector finance to the agricultural sector; and |
| (d) | providing such assistance as is necessary for carrying out the objects of the Bank. |
