Land Bank CEO to step down

Johannesburg – Phakamani Hadebe will step down as Land Bank chief executive when his contract expires on December 3 this year‚ the ministry of finance announced on Thursday.

Hadebe first joined the Land Bank as an interim CEO in July 2008 when he was seconded by National Treasury immediately after the transfer of the administrative powers entrusted by the Land and Agricultural Development Bank Act 2002 from the then Minister of Agriculture and Land Affairs to the Minister of Finance.

The bank said it was in the process of finding Hadebe’s successor.  

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