LETTER: Dire state of Land Bank is due to Treasury’s oversight failure
Investors want clarity and an implementation plan, but the ANC government keeps making statements with no implementation intent
The DA has taken note of the auditor-general of SA’s disclaimer of the audit opinion findings on Land Bank. The findings are of great concern for everyone in the agricultural sectors. They highlight many issues, including the leadership’s inability to implement effective human resource management to ensure that there is stability and that proper succession planning is taking place.
The situation Land Bank finds itself in is as a result of the Treasury neglecting its oversight role of this strategic institution. Many of the bank’s continuous problems stem from the lack of political will to support it in fulfilling its mandate. This was demonstrated when the Treasury allowed the former CEO of the bank, TP Nchocho, to leave without having an immediate replacement or succession plan in place...
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.