Treasury considers R7bn equity injection for Land Bank

National Treasury is considering an additional R7 billion ($463 million) equity injection for state-owned Land Bank as part of the national budgeting process, the Treasury told Reuters.

The Treasury said that an assessment had showed that further guarantees were an inappropriate instrument to use to support the agriculture-focused lender and that equity was required.

It added that more information on the R7 billion required by the Land Bank would be made available during the 2021 Budget, which is due in February.


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