Land Bank struggles with losses in first half
Drought and sporadic outbreaks of foot-and-mouth disease in 2019 hit the performance of loans
28 January 2020 - 19:34
The Land Bank, one of the remaining profitable state-owned enterprises that do not not require government support, has announced a difficult first six months that has swung it into the red.
The bank, which provides financing to established and emerging farmers, posted an interim loss of R184.7m for the six months ending September 2019...
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