Sunday, August 2, 2009

Land Bank plans to repossess hundreds of farms

The Land Bank has instituted legal action against 557 land owners, half of them emerging farmers, for failing to repay their loans, City Press reported on Sunday.

Of the 557 the bank had instituted legal action against by June 30, 283 (51%) were emerging farmers and 274 (49%) were commercial farmers.

Source: Mail & Guardian

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