Cash alone 'won't save Land Bank'
The bank's credit rating has deteriorated significantly, meaning it cannot raise funding from capital and debt markets
08 November 2020 - 00:00
Money isn't enough to save the Land Bank. This is the view of Christo van der Rheede, executive director of Agri SA, who said this week that even with the bailout announced in the recent budget, in terms of what the government expects the Land Bank to deliver, the funds will not make it sustainable...
There’s never been a more important time to support independent media.
From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.
For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.
Already subscribed? Sign in below.
Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.