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The Conversation

Johann Kirsten, Director of the Bureau for Economic Research, Stellenbosch University

South Africa's Land Bank can be fixed: change the funding model and narrow the focus

South Africa Interest Rates Stellenbosch University

Land Bank played an influential role in the development of South African agriculture. GettyImages

It is disheartening to see how many South Africans, including parliamentarians, have forgotten the simple and influential role the Land and Agricultural Development Bank (Land Bank) played in South African agriculture.

The former minister of agriculture, Derek Hanekom, summarised this role nicely in his foreword to the bank’s 1997 annual report:

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