A Quest for Increased Transparency

In line with Land Bank's new mandate for increased transparency and accountability, the Board of Directors made a decision in 1999 to implement social accounting as a non-financial performance measurement and strategic planning tool in the Bank. The continuation of Social Accounting has as its purpose to ensure that the bank measures what matters to its clients in order to adhere to the products and service needs.

Legal and Financial Status

The Land and Agricultural Development Bank of South Africa trading as Land Bank, is a parastatal that has working relations with the Ministry of Agriculture and Land Affairs. A Board of Directors that reports to the Minister of Agriculture and Land Affairs governs the Bank. The financial statements of the Bank are reviewed annually by the Auditor General and are presented to Parliament by the Minister.