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.
Get a comprehensive view of Land Bank’s strategic priorities, results, Group performance, sustainability and issues that are material to us.
Land Bank’s annual integrated report for the year ended 31 March 2019 (FY2019) 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 (FY2020), 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
Land Bank Standing Committee on Appropriations 20 May 2020
Annual Financial Results Presentation year 2019
Land Bank Financial Results Launch Presentation 2018
Annual Report Presentation Financial Year 2017
Annual Report Presentation Financial Year 2016
Bank Fixed Income Investor Roadshow September 2019
Land Bank Fixed income Investor Roadshow-FY2019Q3
Fixed Income Investor Roadshow –FY2019Q3
Bank Roadshow August 2018
Bank Roadshow March 2018
Bank Roadshow August 2017
Roadshow 7 September 2016
Post Road Show Feedback 8 December 2016
Roadshow 28 February 2017
21 January 2020
Limassol, January 21, 2020 -- Moody's Investors Service, ("Moody's") has today downgraded Land and
Agricultural Development Bank's (Land Bank) Issuer ratings to Ba1/Not Prime from Baa3/P-3, and its longterm
national scale issuer rating (NSR) to Aa3.za from Aa1.za. Concurrently, the rating agency confirmed Land
Bank's b1 Baseline Credit Assessment (BCA) and assigned a Corporate Family Rating (CFR) of Ba1. The
outlook on the issuer has been changed to negative from ratings under review.
10 September 2019
Limassol, September 10, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Land and Agricultural Development Bank and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. The review did not involve a rating committee. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
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.
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.
18 June 2020 – SENS Announcement – Interest Payments
18 June 2020 – SENS Announcement – Update on Liquidity and Debt Restructuring Process (“Restructuring”)
11 June 2020 – SENS Announcement – Moody’s downgrade Land Bank’s Ratings
02 June 2020 – SENS Announcement – Interest Payments
21 May 2020 – SENS Announcement – Update on Liquidity
19 May 2020 – SENS Announcement – Update on Liquidity and Debt Restructuring Rrocess
29 April 2020 – SENS Announcement – Moody’s downgrades Land Bank’s ratings to B1; outlook on review for further downgrade
24 April 2020 – SENS Announcement – Land Bank Notice to Noteholders
24 April 2020 – SENS Announcement – Follow up announcement confirming that an Event of Default has occurred
23 April 2020 – SENS Announcement – Announcement relating to No Event of Default and further information
20 April 2020 – SENS Announcement – Potential Event of Default
31 March 2020 - SENS Announcement - Moody’s Downgrading of Land Bank
14 February 2020 - SENS Announcement - CEO Appointment
05 February 2020 - SENS Announcement - CFO Appointment
21 January 2020 - SENS Announcement - Rating Action
16 January 2020 - SENS Announcement - Change in Executive Management
15 January 2020 - SENS Announcement - Resignation of Acting Chief Executive Officer
05 February 2020 - SENS Announcement - FY2020H1 Unaudited Results
03 December 2019 - SENS Announcement - Land Bank's CFO Designate
05 November 2019 - SENS Announcement- Rating action- Moody’s places Baa3/Aa1.za ratings on review for downgrade.
18 September 2019 - SENS Announcement- Governance update
12 September 2019 - SENS Announcement- Ratings Action Periodic Review
03 September 2019 - SENS Announcement- Audited Financial Results Year 2019
03 September 2019 - SENS Announcement- Executive Management Changes
14 August 2019 - SENS Announcement- Board of directors
25 July 2019 - SENS Announcement - Moody's affirms Land Bank issuer ratings at Baa3/Prime-3 and its national-scale issuer ratings (NSR) at Aa1.za/P-1.za
16 May 2019 - SENS Announcement- Appointment of Acting Chief Financial Officer
14 May 2019 - SENS Announcement- (Resignation of Acting Chief Executive Officer)
25 April 2019 - SENS Announcement- LBK Tap Issuance
20 March 2019 - SENS Announcement- Public Bond Action Results
28 February 2019 - SENS Announcement - Rating Action
07 December 2018 - SENS Announcement - Appointment of Acting Chief Executive Officer
06 December 2018 - SENS Announcement - Resignation of Chief Executive Officer
29 November 2018 - SENS Announcement - Unaudited Results FY2019
18 September 2018 - SENS Announcement - Public Bond Auction Results and Board of Directors
SENS Announcement - Appointment of Board of Directors August 2018
20 August 2018 - LBK SENS- Land Bank Audited Financial Results FY2018
19 January 2018 - LBK SENS- Non-Executive Directors of the Land Bank Board Executive
22 September 2017 - LBK SENS - Resignation of Executive Committee members
4 September 2017 - LBK SENS - New Financial Instruments Listing Announcements
15 August 2017 - LBK SENS - Resignation of Board Member
28 November 2017 - LBK SENS - Unaudited Interim results for the half year ended 30
28 November 2017 - LBK SENS - Rating action follows the sovereign rating’s review
24 February 2020 - Letter to
Investors R5.7 Billion Guarantee
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