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Land Bank seeks R30 billion to strengthen balance sheet and support emerging farmers
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 support emerging farmers. Acting CEO Jabu Mphambo outlines the bank's financial turnaround and its commitment to agricultural transformation
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businessday.co.za
Funding not a bailout but sector support, Land Bank says
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.
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iol.co.za
Land Bank seeks R30 billion to strengthen balance sheet and support emerging farmers
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…