South Africa’s Land Bank in Talks to Raise as Much as $1 Billion

A state-owned South African bank that finances farmers is in talks with funders to raise as much as $1 billion as it recovers from a default five years ago.

The Land & Agricultural Development Bank of South Africa has an indicative term sheet for that amount from a development financing institution, Chief Executive Officer Themba Rikhotso said. It will engage with the National Treasury before the end of the month to get its support for the plans, he said.

https://www.bloomberg.com/news/articles/2025-05-15/south-africa-s-land-bank-in-talks-to-raise-as-much-as-1-billion