Land Bank appoints Ayanda Kanana as new CEO

2020-02-17 10:55

Ratings agency Moody's in mid-January flagged the lack of a permanent head as cause for concern.

Land Bank acting CEO resigns

2020-01-15 13:13

Acting CEO of the Land and Agricultural Development Bank of South Africa, Kone Gugushe, has resigned, the board announced on Wednesday morning.

Land reform gets R10bn as ANC punts expropriation

2019-02-20 14:41

Budget 2019 allocates R10.4bn to the Department of Rural Development and Land Reform to bolster its capacity to expedite the land restitution process.

Land Bank warns expropriation could trigger default

2018-08-21 07:02

The Land and Agricultural Development Bank has warned expropriating farm land without compensation could cost the government R41bn if it’s forced to repay the state company’s debt immediately.

Emerging farmers get boost from Land Bank - PnP partnership

2017-07-28 11:26

Land Bank and Pick n Pay have signed an agreement to provide financial and other types of support for emerging farmers.

Moody times for state enterprises

2016-09-18 06:53

FutureGrowth, which said it would stop funding SOEs this month, could do an about-turn amid ratings agency jitters.

Six SOEs on guard

2016-09-04 12:59

Six of South Africa’s largest state-owned enterprises (SOEs) risk having to pay more to borrow money, after the country’s largest and most influential buyer of their bonds said it would avoid investing in them.

Land Bank to help drought-hit farmers

2015-12-08 09:17

The Land Bank has stepped in to provide financial relief to drought-hit farmers who are facing a bleak Christmas.

Land Bank needs CEO, urges Afasa

2014-11-21 06:00

The African Farmers Association of SA has called on Finance Minister Nhlanhla Nene and the Land Bank Board to appoint a permanent Land Bank CEO.

Big profit for Land Bank

2014-08-18 11:08

The Land Bank has recorded a 29.4% increase in net profit from the previous financial year, it says in its annual report. Land Bank net profit increases


Moody's downgrades Land Bank to junk

2020-01-21 15:27

Moody's downgraded Land Bank’s long-term issuer ratings to Ba1, a notch below investment grade and below Transnet and Eskom's ratings.

Land Bank’s profits dip amid 'tough trade-offs'

2019-09-03 20:46

The Land Bank's profits dipped between 2018 and 2019 as the bank moved to reduce its exposure to risks in its loan book.

'Give Land Bank a chance to weigh in on EWC'

2018-08-24 06:00

The Land Bank is crucial to transformation in agriculture and should have the chance to develop its position on expropriation without compensation, an investment and transformation expert has said.

State bank won't necessarily aid transformation - Land Bank manager

2018-05-18 19:08

A state bank won't necessarily aid economic transformation, says Land Bank executive manager of agricultural economics Litha Magingxa.

Treasury sounds SOE alarm

2016-10-02 06:30

Deputy finance minister urges reform of parastatals and signing of Fica bill to avoid downgrade.

Land Bank lifts profit to R396.2m despite drought

2016-09-14 13:00

The Land Bank, a key lender to farmers, has reported a 27% increase in annual profits to R396.2m, despite the country's severe drought.

Land Bank offers concessional loans to drought-hit farmers

2016-03-30 15:00

The Land Bank says drought-stricken farmers can apply for concessional loans to help see them through the lean season.

Land Bank appoints chair, CEO

2014-12-11 18:13

Mabotha Arthur Moloto has been appointed chair of the Land Bank board and Tshokolo Petrus Nchocho CEO, says the National Treasury.

Jonas: SA needs formidable farming sector

2014-08-18 15:17

Growth in the agricultural sector must become more formidable and contribute to the country's gross domestic product, says Deputy Finance Minister Mcebisi Jonas.

Govt approves R1.5bn Land Bank guarantee

2014-04-02 16:53

The government has approved a R1.5bn guarantee to the Land Bank, in addition to the existing guarantee of R500m, following a credit ratings upgrade by Fitch.

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