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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
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S.Africa's Land Bank misses March 31 deadline to conclude debt restructuring plan

Wed, 31st Mar 2021 10:00

JOHANNESBURG, March 31 (Reuters) - South African
cash-strapped Land and Agricultural Development Bank missed a
March 31 deadline to conclude a debt restructuring plan with
lenders, the state-owned company said on Wednesday.

"This date is not going to be met due to the need for the
bank and its lenders / funders to incorporate a material change
in the previous version of the liability solution," the Land
Bank said in a statement.
(Reporting by Mfuneko Toyana, editing by Louise Heavens)

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