News Leader
WATCH: How the Land Bank weathered a tough year
Land Bank acting CEO Konehali Gugushe talks to Business Day TV bank’s resilience in the face of uncertainty
03 September 2019 - 09:50
The Land Bank says its balance sheet is strong, given that its capital adequacy ratio sits at 16.4% and its net stable funding ratio is at 102%.
The bank has also managed to deliver an annual net profit of R130.6m despite facing sector-wide challenges such as climatic changes and inconsistent weather patterns, livestock diseases, and policy uncertainty due to the land reform discourse...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.