Land Bank needs CEO, urges Afasa | Fin24
 
  • Cutting Back

    BP's CEO says he plans to sell some oil projects to meet climate targets in Paris agreement.

  • No-Deal Brexit

    The UK's worst-case scenario warns of food shortages and public disorder.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Land Bank needs CEO, urges Afasa

Nov 21 2014 06:00
Sapa

Finance Minister Nhlanhla Nene. (Treasury)

Related Articles

Hadebe steps down as Land Bank CEO

Land Bank enters into funding deal

 

Johannesburg - The African Farmers Association of SA (Afasa) on Thursday called on Finance Minister Nhlanhla Nene and the Land Bank Board to appoint a permanent Land Bank CEO.

"The CEO's post is critical. If not filled urgently, it will impact negatively on service delivery and therefore slow the important processes at the bank," Afasa secretary general Aggrey Mahanjana said in a statement.

The post had been vacant since CEO Phakamani Hadebe resigned last year.

"A year is too long for such an important position in an institution like the Land Bank to remain unfilled," said Mahanjana.

He said if the post was not filled in a permanent capacity, it would affect the agricultural sector.

"For an acting person, it is very difficult to make important decisions on key issues.

"The permanent CEO is expected to come up with long-term strategies on how the Land Bank will take up its role as a development bank with a long-term vision of assisting smallholder farmers grow and ultimately become commercial farmers who will feed this country."

The appointment of a CEO would help address issues including access to finance and problems facing smallholder farmers.

Smallholder farmers still faced major challenges such as the lack of post-finance support, said Mahanjana.

The association called for improved support packages and systems, and for the Land Bank to improve infrastructure and link smallholder farmers to suitable markets.

"We still feel that the Land Bank's lending criteria and requirements were cumbersome and continued to exclude smallholder farmers," Mahanjana said.

The time taken for loan approvals was too long and sometimes contributed to farmers' failure to repay loans, he said.

land bank  |  nhlanhla nene  |  land
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
4 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What's your view on deep sea mining?

Previous results · Suggest a vote

Loading...