Tag Archives: Land Bank

Land Bank defaults on loan obligation

FacebookTwitterLinkedinemailPrintWarren Thompson, Business Day, 20 April 2020 Land Bank, the state-owned specialist lender to commercial and emerging farmers, has skipped repayments on its revolving credit facility, triggering a default and potentially putting the government on the hook for as much … Continue reading

Posted in Food Security | Tagged , , | Leave a comment

Moody’s slashes SA state-owned Land Bank’s credit rating to junk

FacebookTwitterLinkedinemailPrintBanele Ginindza, IOL Business Report, 22 January 2020 International ratings agency Moody’s yesterday slashed the Land Bank’s credit rating to junk, triggering fears that the country’s struggling agricultural industry could face more headwinds with some farmers going bankrupt. Read More

Posted in Food Security | Tagged , , | Leave a comment

Land Bank acting CEO resigns

FacebookTwitterLinkedinemailPrintFin24, 15 January 2020 Acting CEO of the Land and Agricultural Development Bank of South Africa, Kone Gugushe, has resigned, the board announced on Wednesday morning. Read More

Posted in Food Security | Tagged , , | Leave a comment