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The Land Bank, which is restructuring its more than R40bn debt, on Tuesday night met lenders over a solution before a March 31 deadline to meet a R400m court-ordered repayment.

The bank defaulted on debt repayments last April and was sued by Standard Chartered, which a court said must be repaid by end-March. Other lenders, which chose not to sue and entered restructuring talks, had hoped for a liability solution before the repayment deadline...

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