UPDATE 1-Land Bank debt default draws attention to South African state firms’ finances
A South African
state-owned bank that lends to the farms sector said on Friday
it had defaulted on payments on two bond programmes worth a
combined 50 billion rand ($2.63 billion), highlighting the
weakness of state enterprises in the country.
state-owned bank that lends to the farms sector said on Friday
it had defaulted on payments on two bond programmes worth a
combined 50 billion rand ($2.63 billion), highlighting the
weakness of state enterprises in the country.
Posted by Reuters
