Residents build shacks on a piece of land in Ezibeleni. File photo: SIMTEMBILE MGIDI
Residents build shacks on a piece of land in Ezibeleni. File photo: SIMTEMBILE MGIDI

Expropriation of land without compensation could bankrupt the Land Bank, one of the few state-owned enterprises that is not a drain on the country’s finances, and trigger a potential R41bn bailout from the government.

These potential "grim consequences" of a poorly executed land reform policy were set out by Land Bank chair Arthur Moloto after the publication of the lender’s 2018 annual report on Monday.

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thompsonw@businesslive.co.za

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