Land Bank debt default draws attention to South African state firms’ finances
A South African
state-owned bank which lends to the agricultural sector said on
Friday it had defaulted on payments on two bond programmes worth
a combined 50 billion rand ($2.62 billion), highlighting the
weakness of state enterprises in the country.
state-owned bank which lends to the agricultural sector said on
Friday it had defaulted on payments on two bond programmes worth
a combined 50 billion rand ($2.62 billion), highlighting the
weakness of state enterprises in the country.
Posted by Reuters
