Ecolex Logo
The gateway to
environmental law
Search results » Legislation

Land and Agricultural Development Bank Act, 2002 (No. 15 of 2002).

Country/Territory
South Africa
Document type
Legislation
Date
Source
FAO, FAOLEX
Original source
Government Gazette of 10 June 2002, pp. 1-20.
Long title
An Act to provide for a juristic person known as the Land and Agricultural Development Bank; to provide for the mandate of the Bank; to provide for governance of the Bank; to regulate the management and control of the Bank; to provide for the funding of the Bank; to provide for the business of the Bank; to provide for risk management of the Bank; and to provide for related matters.
Subject
Land & soil, Water
Keyword
Agricultural development Credit Special fund Institution Waterworks
Geographical area
Africa, South Atlantic, Southern Africa
Abstract

The Land and Agricultural Bank is a body corporate and shall be controlled by a Board of Directors appointed by the Minister (sects. 3 and 4). The objects of the Bank shall be the promotion, facilitation and support of; (a) equitable ownership of land by historically disadvantaged persons; (b) agrarian reform and land distribution; (c) land access for agricultural purposes; (d) agricultural entrepreneurship; (e) increase of productivity and profitability in the agricultural sector; (f) proper use of land programs; (g) food security; and (h) other objects set out in section 3. The Bank shall provide financial services to promote and facilitate access to ownership of agricultural land and mobilize and facilitate the private sector banking to do the same. (54 sections)

Full text
English

References - Legislation

Repeals

Land Bank Act.

Legislation | South Africa | 1994 (1998)

Keyword: Agricultural development, Credit, Special fund, Institution, Waterworks

Source: FAO, FAOLEX

Amended by

Proclamation of the President regarding the transfer of administration of the Land and Agricultural Development Bank Act, 2002 and powers and functions entrusted by the Act, from the minister responsible for agriculture to the minister of finance (No. 28 of 2008).

Legislation | South Africa | 2008

Keyword: Agricultural development, Credit, Special fund, Institution, Waterworks

Source: FAO, FAOLEX