Land Bank maintains strong balance sheet despite policy uncertainty

The Land and Agricultural Development Bank of South Africa says its balance sheet is strong given that its capital adequacy ratio sits at 16.4% and its net stable funding ratio is at 102%. The bank has also managed to deliver an annual net profit of R130.6mn despite facing sector wide challenges such as climatic changes and inconsistent weather patterns, livestock diseases, and policy uncertainty occasioned by the land reform discourse. Land Bank acting CEO Konehali Gugushe spoke to Business Day TV about the firm's resilience given the fact that it is operating in an environment where uncertainty around land reform is still plaguing the sector.