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Card image 03 January 2021 Daily Maverick

Land Bank financial crisis worsens as Auditor-General slams financial losses running into billions

The Land Bank’s operational performance continues to deteriorate as its financial losses grew by 211% to R2.8bn for the year to 31 March 2020, compared with a loss of R902m in the previous year.

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A project of Phuhlisani NPC supported by Absa. This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike. International License.