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Land Bank nears fourth year of default as negotiations with creditors drag on

Land Bank nears fourth year of default as negotiations with creditors drag on
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Nthabi nkosiFuturegrowth olga constantatosParliament onLand bankState owned land bankSydney soundyOlga constantatosAsset management

Land Bank resumes lending to farmers 2 years after defaulting on its own debt

The state-owned Land Bank has launched a new blended finance scheme in partnership with the Department of Agriculture with the focus on historically disadvantaged farmers.

South africaSouth africanKostic dusanMotheo khoaripeBruce whitfieldDepartment sydney soundyAfrica land bankAgiculture departmentDepartment of agricultureBlank bankLand bankSouthern african agri initiative saaiRural developmentSydney soundyExecutive managerSouthern african agri initiative

Lank Bank resumes lending to farmers 2 years after defaulting on its own debt

The state-owned Land Bank has launched a new blended finance scheme in partnership with the Department of Agriculture with the focus on historically disadvantaged farmers.

South africaSouth africanKostic dusanMotheo khoaripeBruce whitfieldDepartment sydney soundyAfrica land bankAgiculture departmentDepartment of agricultureBlank bankLand bankSouthern african agri initiative saaiRural developmentSydney soundyExecutive managerSouthern african agri initiative

Since defaulting in 2020, Land Bank has received R10bn in bailouts

Better times are coming now that 43% of debt outstanding has been repaid, says deputy finance minister.

Western capeSouth africaLitha magingxaDavid masondoAyanda kananaKhensani mukhariWhile the land bankSouthern african agri initiative saaiLand bank sydney soundyNational treasuryLand bankDeputy finance minister david masondoStanding committeePublic accountsSouthern african agri initiativeInformation act

We are not involved in aggressive methods of liquidating clients – Land Bank

Sydney Soundy, executive manager for strategy and communication, undertakes to look into allegations by bank client Musawenkosi Kubheka and ascertain if any intervention is possible.

South africaNew south walesJames cravenMusawenkosi kubhekaDepartment of agricultureLand bankSydney soundy

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