1.0South Africa Horizonhttps://southafricahorizon.comweb deskhttps://southafricahorizon.com/author/webdesk-002/Land Bank making progress on debt reduction - South Africa Horizonrich600338<blockquote class="wp-embedded-content" data-secret="BJ5pSL3DDL"><a href="https://southafricahorizon.com/land-bank-making-progress-on-debt-reduction/">Land Bank making progress on debt reduction</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://southafricahorizon.com/land-bank-making-progress-on-debt-reduction/embed/#?secret=BJ5pSL3DDL" width="600" height="338" title="“Land Bank making progress on debt reduction” — South Africa Horizon" data-secret="BJ5pSL3DDL" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); </script> While the Land Bank remains in default to its creditors, Finance Deputy Minister David Masondo says the institution has managed to repay 43% of the debt that was outstanding in 2020 and only R1.5 billion of guaranteed debt remains. Masondo made the remarks on Wednesday when National Treasury and the Bank appeared before Parliament’s Standing ... Read more