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The Cabinet has appointed a new board for the Land Bank and named agri-economist Nyane Rethabile Nkosi to replace Arthur Moloto as chair.
The bank, which has been struggling with liquidity problems over the past year, defaulted on loan obligations. The appointment of Nkosi and the members of the new board were announced in a statement after a cabinet meeting on Thursday.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Land Bank replaces Arthur Moloto as chair
Cabinet announces new board for beleaguered bank
The Cabinet has appointed a new board for the Land Bank and named agri-economist Nyane Rethabile Nkosi to replace Arthur Moloto as chair.
The bank, which has been struggling with liquidity problems over the past year, defaulted on loan obligations. The appointment of Nkosi and the members of the new board were announced in a statement after a cabinet meeting on Thursday.
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