The finance minister made a smallish exception for Denel in terms of funding but warned that the government wants to push ahead with plans to consolidate SOEs that no longer served a function
Economists predict the finance minister will speak about the basic income grant, the effect of the July riots on the fiscus, and bailouts
The treasury forecasts 3.3% growth, but warns this will fall to 1.6% if the fledgeling vaccination programme fails to stem successive Covid waves
The state-owned institution’s financial woes have led farmers and agribusiness to consider making an offer on the bank, starting a cooperative bank or partner with global commodities futures traders
Several struggling state-owned entities received extra funds after the medium term budget policy speech
The agricultural sector has grown this year, but an absence of collateral is preventing black farmers from making a go of their business
The finance minister has found money for the Covid crisis, but the cupboard is bare and he warns that a fiscal crisis is possible in 2024
Among the plans are increased funds for black farmers and agri-processing to create jobs
The African Investment Forum aims to mobilise funds to facilitate much-needed infrastructure projects
He declared his job with Land Bank Insurance when his family company won a contract
The willing buyer, willing seller model is not working – but there is an alternative
Gordhan sounded pragmatic in his budget speech about dealing with drought, but will all those affected have access to funds, asks Wandile Sihlobo.
Its AgriBEE fund has failed black farmers hoping to break into the commercial agriculture sector.
Top officials stand accused of living it up after looting a fund aimed at helping black farmers.
Top officials stand accused of living it up after looting a fund aimed at helping black farmers.
The government is pushing for legislation to overhaul South Africa’s foundering state enterprises.
It argues that by taking an increasingly large share of the market it will help to keep costs down.
A new scheme byt the land bank offers funds at as low as prime minus 5% for co-operative businesses.
The businessman who stands to make a fortune from controversial leasing deals with the police is himself the target of a police investigation.
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/ 15 December 2009
The Land Bank on Tuesday denied it has placed a new moratorium on collecting debt arrears from emerging farmers.
The Land Bank has lost R16,5-million through fruitless and wasteful expenditure in the last financial year, the Democratic Alliance said on Friday.
The problems facing the Land Bank have been exacerbated by tight local market conditions, the bank said in its annual report on Monday.
The Land Bank has instituted legal action against 557 land owners, half of them emerging farmers, for failing to repay their loans.
Finance Minister Pravin Gordhan has approved R3,5-billion for the recapitalisation of the Land Bank, the bank said on Wednesday.
Sacked Land Bank chief Phil Mohlahlane was involved in an extraordinary property deal involving R2.7m, but has failed to follow through on the deal.
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/ 30 January 2009
The Land Bank’s former acting chief executive, Phil Mohlahlane, was fired from the Department of Agriculture last week.
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/ 30 September 2008
Newly appointed Director General of Agriculture, Njabulo Nduli, is understood to be leading the charge against Mohlahlane.
An explosive dossier outlining irregularities at the beleaguered Land Bank implicates Land and Agriculture Minister Lulu Xingwana in allegedly removin
Documents in the Mail & Guardian‘s possession show how Xingwana meddled in matters over which she had no power.
Lack of support for emerging black farmers and mismanaged land reform are contributing to the ongoing woes of the Land Bank, say industry insiders.
Finance Minister Trevor Manuel on Monday took over control of the troubled Land Bank from Agriculture and Land Affairs Minister Lulu Xingwana.
Agriculture and Land Affairs Minister Lulu Xingwana’s decision to fire Land Bank chairperson Themba Langa ”will leave the institution in disarray”.