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Treasury to back up depleted Land Bank


Treasury to back up depleted Land Bank
State-owned agricultural lender seems set for a bailout even as SA struggles to stave off a debt crisis amid the ongoing Covid-19 pandemic
BL PREMIUM
11 January 2021 - 05:10 Garth Theunissen
The beleaguered Land Bank, which defaulted on R50bn of its debt in April last year, appears set for another state bailout even as the government battles to stave off a fiscal debt crisis amid a worsening Covid-19 pandemic that has strained its finances to breaking point.
The state-owned bank, SA’s biggest agricultural lender, reported an annual loss of more than R2.8bn for the year ended March 31 2020, according to financials posted on its website shortly after the early 12pm market close on New Year’s Eve. The results showed nonperforming loans almost doubled to R8.18bn, accounting for 18.1% of the Land Bank’s total gross loan book of R45.142bn. ....

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Twitter reacts to Tim Paine 'dropping SCG Test' moments after failing to unsettle Ashwin with chatter


Twitter reacts to Tim Paine ‘dropping SCG Test’ moments after failing to unsettle Ashwin with chatter
|
Getty
01/11/2021
Tim Paine might be the funniest guy of both sides, he might very well have the best banter, but is that really of any use if he cannot back it up with performances? The Aussie skipper, today, embarrassed himself by dropping Vihari, moments after unsuccessfully unsettling Ashwin with some ‘chatter’.
Hahaha!
Wade is frustrated after realising that ashwin playing more sensible cricket then him#INDvAUSpic.twitter.com/mGCAQVL0Oz
Deepak Yadav (@007deepak ) January 11, 2021
Few Words exchange between Paine and Ash
Paine - Can t wait to get you to the Gabba, Ash ....

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Covid: Lebanon, Pfizer-BioNTech vaccine coming in February - English

Covid: Lebanon, Pfizer-BioNTech vaccine coming in February - English
ansa.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ansa.it Daily Mail and Mail on Sunday newspapers.

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