A Cooperative Savings And Credit Bank
Why join South African Agricultural and Other Investments Society?
Are you interested in:
- operating an agribusiness or other related small and medium-sized enterprise (SME) and you have some money towards raising the start-up finances?
- co-financing an agribusiness or other related business?
- being a member of a cooperative savings and credit bank?
If you responded YES to one or all three questions, then please register as a member of the Society.
NB: In order to comply with the Co-operatives Act of 2005, the Co-operatives Banks Act of 2007 and the 1996 Bank Act exemptions, we must have a minimum of 200 registered members and a balance deposit of R1million.
More info: Co-operative Banks Development Agency
Why is it so important to spread the word about our Society?
More members means more money towards the coop bank and we would therefore be able to:
- maintain the minimum R1million deposit for the coop bank
- invest a percentage into Financial Co-operative Retail Savings Bonds with 1, 2, or 3 year maturity dates, and treasury bills issued under the Public Finance Management Act, 1999 (Act No.1 of 1999). The Financial Co-operative Bonds are available directly from National Treasury. These Co-operative Retail Bonds will provide financial co-operatives with a safe instrument to invest and to earn a competitive return on member investments with no charges
- invest in stock market securities, including Exchange Traded Funds (ETFs) so as to build up wealth for members
- utilise a percentage of the money towards financing member agribusinesses and other SMEs at lower interest rates
Those that complete the application form for membership and pay the full amount will be eligible to choose the Executive Committe.
Agricultural and Related Businesses
In order to fulfil our purpose, we need to invest the Society’s energy and money into one or more of the following sectors:
- Small-scale Farming - Horticulture
- Commercial Farming Value Chain - Agriculture
- Environmentalism and Conservation
- Forestry Value Chain - Aboriculture
- Fishing and Aquaculture
- Small-scale / Cottage Industries
- Retail Stores and Markets
- Wholesale Outlets
You can find out more about businesses related to these topics online.