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.  

ZAR/USD
17.03
(+0.31)
ZAR/GBP
21.88
(-0.22)
ZAR/EUR
19.89
(+0.06)
ZAR/AUD
12.06
(-0.11)
ZAR/JPY
0.16
(+0.27)
Gold
1881.63
(+1.06)
Silver
23.67
(+3.12)
Platinum
880.00
(+3.52)
Brent Crude
42.29
(0.00)
Palladium
2267.50
(+1.91)
All Share
54718.80
(+2.11)
Top 40
50578.66
(+2.08)
Financial 15
9932.20
(+5.65)
Industrial 25
73991.07
(+1.43)
Resource 10
54366.26
(+1.71)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1378 votes
It depends on how the funds are used.
73% - 8921 votes
No. We should have gotten the loan elsewhere.
16% - 1977 votes
Vote