Land Bank Turned the Corner, Says Gordhan
The Finance Minister, Pravin Gordhan, says the Land Bank’s legacy where millions were lost due to looting by its former administrators has robbed South Africans of the opportunity to reduce poverty through the empowerment of beneficiaries of land reform programme.
Addressing stakeholder at the release of the first state of Land Bank and results since taken over by the treasury in September 2008, Gordhan said the R3-4 billion from government has turned into a stable entity.
Now Gordhan plans to approach Cabinet to ask that the bank’s mandate be expanded to include support for the value chain agricultural industry such as processing business to help create jobs for rural communities.
To read the article titled, “Land Bank has turned the corner – Gordhan,” click here
Addressing stakeholder at the release of the first state of Land Bank and results since taken over by the treasury in September 2008, Gordhan said the R3-4 billion from government has turned into a stable entity.
Now Gordhan plans to approach Cabinet to ask that the bank’s mandate be expanded to include support for the value chain agricultural industry such as processing business to help create jobs for rural communities.
To read the article titled, “Land Bank has turned the corner – Gordhan,” click here
Source:
Business Day
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