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/ 15 November 2007

R1-billion ‘looted’ from Land Bank

R1-billion was ”looted” from the Land Bank, the Ministry of Agriculture and Land Affairs said on Wednesday. ”The amounts reported as ‘looted’ in the weekend newspapers are inaccurate,” said ministry spokesperson Godfrey Mdhluli. The Sunday Times reported that top Land Bank officials had siphoned off more than R2-billion meant for farmers.