The Land Bank has become the first big state-owned company in SA to be relegated to junk status by Moody’s rating agency. The New York-based agency, which is the last remaining among the big three to rate SA as investment grade economy, said given government’s fiscal challenges, it expected less financial support for the Land..
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State-owned Landbank becomes the first State Owned Enterprise to be downgraded to junk by Moody’s
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Bankrupt Eskom’s CEO resigns due to stress- For the sake of the whole of South Africa who will risk taking over?
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Eskom is looking for a new CEO after the current incumbent Phakamani Hadebe resigned after less than a year due to stress. His predecessors either left their jobs due to personal reasons, were dismissed or went away under a cloud of corruption. Energy expert Ted Blom believes that Hadebe’s resignation did not come as a..
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ANC regime’s proposed land allocation without compensation could cause Land Bank to lose R41 billion
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Land expropriation without compensation could set off a domino effect of defaults that would make it liable to repay its funder R41 billion, the Land Bank said on Monday – “which we would not be able to settle”. If done well, land reform could benefit South Africa and the bank, its chairperson Arthur Moloto said..
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Icasa appointed a presumed criminal as chairman
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Rubber Mohlaloga is accused of fraud and money laundering. He and the former Chief Executive Officer of the Land Bank, Philemon Mohlahlane, are accused together with three other accused for attempting to transfer R6m from the Land Bank’s account to Masepula Dinga attorney’s trust account. The communications minister, Mmamoloko Kubayi-Ngubane, is going to meet with..
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