Investor Relations

Overview

At Land Bank, we view investor relations as a strategic management responsibility that integrates corporate governance, compliance and communication. Land Bank is a State Owned Entity with an independent Board of Directors appointed by the Minister of Finance and is accountable to the National Treasury which is the Executive Authority of the Bank. The Bank adheres to the statutory responsibilities imposed by the Land and Agricultural Development Bank Act 15 of 2002 (Land Bank Act), and the Public Finance Management Act 29 of 1999 (PFMA) amongst other legislation.

Land Bank acknowledges the need to provide timely and accurate information to investors and is committed to proactive engagements and interactions in this regard.

The Group provides detailed information about financial and non-financial performance to investors via established channels including its website and the Stock Exchange News Service (SENS) amongst others.

Corporate Governance Key Policies

Announcements

Get a comprehensive view of Land Bank’s strategic priorities, results, Group performance, sustainability and issues that are material to us.

Annual Results & Investor Presentations

Land Bank’s annual integrated report for the year ended 31 March 2018 (FY2018) covers the primary activities and performance of the Land Bank Group which includes our banking and insurance operations, but excludes detailed information on minority investments.

The scope of the report covers both financial reporting and non-financial performance information. It contains the Group’s outlook, targets and objectives for the short term (FY2019) as well as for the medium to long-term, as aligned to the National Development Plan (NDP) and Sustainable Development Goals with clear targets to 2030. Our progress towards integrated thinking is reflected in our performance indicators that cover financial and nonfinancial performance as well as our strategy, material matters and risks.

Land Bank follows the guidance of the King Report on Governance for South Africa 2009 (King III) for its governance and reporting. We are currently transitioning to the principles of the King IV Report on Corporate Governance for South Africa 2016 (King IV), however, this report is aligned to King III.

This report is compiled and aligned with the requirements of the International Integrated Reporting Framework (IIRF) and is in accordance with the ‘core’ level of the Global Reporting Initiative (GRI) G4. The financial information contained in this report has been prepared in accordance with International Financial Reporting Standards (IFRS). We align our reporting to the requirements of the Land and Agricultural Development Bank Act 15 of 2002, Companies Act 71 of 2008 and the Public Finance Management Act 1 of 1999 (as amended) (PFMA), as well as the Long Term Insurance Act 52 of 1998 and Short Term Insurance Act 53

Credit Ratings

1 March 2019

Moody’s assign Baa3/Prime-3 issuer ratings to Land and Agricultural Development Bank of South Africa (Land Bank), which reflects Land Bank’s standalone assessment of ba3, and three notches of uplift, incorporating the assumption of a high probability of government support from South Africa (Baa3 stable) in case of need, owing to its full government ownership, developmental mandate and evidence of past capital and funding support. The issuer outlook is negative. Moody’s also assign Aa1.za/P-1.za national-scale issuer ratings.

28 February 2019

Moody's affirms Land and Agricultural Development Bank's Baa3 rating; changes outlook to negative from stable.

Domestic Multi-Term Note (DMTN) Programme

On 18 October 2010, Land Bank established a ZAR20-billion Domestic Medium-Term Note Programme pursuant to a programme memorandum dated 18 October 2010. This Programme Memorandum was approved by the JSE on 13 March 2017.