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/ 19 November 2007
The head of the Land Bank’s treasury, Makgale Gwangwa, has not been suspended from duty, the bank reiterated in a quarter-page advertisement on Monday. the Land Bank said it had become important to ”set the record straight” amid ongoing media speculation about the situation at the bank.
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/ 15 November 2007
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.