The Land and Agricultural Development Bank of South Africa
(JSE Code: BILB)
(“the Land Bank”)
The Land Bank wishes to announce that its Chief Executive Officer (CEO), Mr.
TP Nchocho has advised the Board that he has been offered a position of CEO
at the Industrial Development Corporation (IDC), which offer he has accepted.
Mr Nchocho will therefore, after due administrative processes vacate his
position as the CEO of Land Bank to take up the position of CEO at the IDC.
TP has been with the Bank as CEO since February 2015. The Bank expresses its
sincere appreciation for the contributions made by TP and wishes him well
with his future endeavours.
The market will be advised of further information as the process unfolds
6 December 2018
The Standard Bank of South Africa Limited
For further information on the Notes issued please contact:
Kea Sape SBSA (011) 721 5594
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