Since the Land Bank’s default in 2020, it has reduced its debt from R41bn to R6.7bn, with repayment mostly from its own cash.

Since the Land Bank’s default in 2020, it has reduced its debt from R41bn to R6.7bn, with repayment mostly from its own cash.

The Land Bank is in discussions to secure R20 billion from development finance institutions and an additional R10 billion from the government to bolster its balance sheet and…