Land and Agricultural Development Bank of South Africa (Land Bank)

Contact Details

Physical: Eco Glades 2, Block D, 420 Witch-Hazel Avenue, Eco Park, Centurion
Postal: PO Box 375, Tshwane, 0001
Tel: 012 686 0500
Fax: 012 686 0718
Web:

Overview

The Land and Agricultural Development Bank of South Africa SOC Ltd (Land Bank) is an agricultural development finance institution that supports economic growth through the provision of retail, wholesale, project and micro-financial services to agriculture and related rural services.

The Land Bank's mission is to: promote and facilitate access to ownership of land by the historically disadvantaged; increase the productive use of agricultural land; assist emerging farmers with finance and technical support; provide finance to commercial farmers; promote agricultural entrepreneurship; contribute to food security and facilitate poverty eradication; and facilitate rural development and job creation.

Its core strategies are: impacting positively on South Africa's development by contributing to the government's Integrated Sustainable Rural Development Strategy (ISRDS); developing agriculture and contributing to sustainable rural development; supporting emerging and resource-poor farmers as well as established commercial farmers, while playing an active role in transformation; aligning the Bank's products and programmes with government's initiatives, in particular the strategy for the agricultural sector and Land Redistribution for Agricultural Development (LRAD); and leveraging private sector investment into the agricultural sector.

Office Bearers/Management

Chairperson
Mr M Moloto
Chief Executive Officer
Mr T Nchocho

Chairperson:
Mr MA Moloto (Credit Risk Committee, and HR and Remuneration Committee)
Deputy Chairperson:
n/a
Board Members:
Adv S Coetzee
Ms D Hlatshwayo (HR and Remuneration Committee, and Audit Committee)
Prof ASM Karaan (Audit Committee and Credit Risk Committee)
Ms SA Lund (Chairperson: Risk Committee, and Audit Committee)
Ms ME Makgatho
Ms D Motau (Credit Risk Committee)
Mr TP Nchocho (CEO)
Ms TT Ngcobo (Chairperson: HR and Remuneration Committee, and Risk Committee)
Mr B Van Rooy (CFO)
Ms N Zwane (Audit Committee and Credit Risk Committee)
Chief Executive Officer:
Mr TP Nchocho
Chief Financial Officer:
Mr B van Rooy
Senior Management:
Mr Gary Conway (Executive Manager: Structured Investment and Transformation)
Ms Mpule Dlamini (Executive Manager: Human Capital)
Ms Konehali Gugushe (Chief Risk Officer)
Mr Willie Jacobs (Executive Manager: Corporate Banking)
Mr Jerome Mthembu (Executive Manager: Legal Services)
Ms Loyiso Ndlovu (Executive Manager: Strategy, Marketing, Communications and Policy)
Mr Maniki Rakgalakane (Managing Director: Land Bank Insurance Company)
Mr Sydney Soundy (Executive Manager: Commercial Development Banking)
Mr Faride Stiglingh (Executive Manager: Portfolio Management Services)
Communications Officers:
Ms Tabby Tsengiwe (General Manager: Branding and Communication)

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEFinancially UnqualifiedClean AuditClean AuditClean Audit
 
FINANCIAL POSITION
Current Assetsn/an/an/an/a
Non-Current Assetsn/an/an/an/a
Total Assets41 371 35638 869 42536 825 09930 782 006
Current Liabilitiesn/an/an/an/a
Non-Current Liabilitiesn/an/an/an/a
Total Liabilities35 272 94332 930 78729 999 69424 650 942
Total Net Assets6 098 4135 938 6386 825 4056 131 064
 
FINANCIAL PERFORMANCE
Total Revenue3 715 4943 295 9622 685 1252 219 597
Revenue from Exchange Transactionsn/an/an/an/a
Revenue from Non-Exchange Transactionsn/an/an/an/a
Total Expenditure(3 533 535)(2 984 498)(2 325 580)(1 915 477)
Employee Costs(341 706)(351 836)(371 758)(357 062)
Surplus/(Deficit) for Year181 959311 464359 545304 120
 
CASH FLOW
Net Cash Flows from Operating Activities2 310 7502 400 7271 819 9631 342 400
Net Cash Flows from Investing Activities(8 113)16 86725 927(23 614)
Cash & Cash Equivalents at End of Year2 507 4631 605 6731 474 8541 891 383
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure23 17540--
Fruitless & Wasteful Expenditure6-78
 
HUMAN RESOURCES
Posts Approvedn/an/an/an/a
Posts Filled565553n/an/a
 
SourcesAnnual ReportAnnual ReportAnnual Report n/a

Overseeing Department/Entity

Annual Reports


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