Land Bank repays 60% of its debt
By Kouthar Sambo Early reports revealed that Land Bank repaid 60% of its debt following its default on its R45-billion debt in 2020 with its financial position made worse by bad business decisions and poor governance. However, the Land Bank has reached a landmark agreement with its lenders to restructure its massive debt, a financial crisis deemed one of the most intricate and complex debt restructuring in the country's economic […]
