The Land and Agricultural Development Bank of South Africa, has announced the appointment of Ayanda Kanana as the bank new chief executive officer, effective from March 1.
Kanana, a qualified chartered accountant with in-depth knowledge of the agriculture sector, is currently CEO of the Johannesburg Fresh Produce Market and chairman of the audit and risk committee for the East London Industrial Development Zone.
He was selected as the public sector CEO of the year for 2019 by the Association for the Advancement of Black Accountants of Southern Africa (ABASA).
Commenting on the appointment, the Land Bank board said that,”Ayanda is passionate about agriculture, in particular the development of emerging farmers”.
Established as a development institution in 1912 by South Africa’s then government, the Land Bank’s mandate is to provide finance for emerging farmers in pursuit of the equitable ownership of land and removing the legacy of past racial and gender discrimination in the sector.
It also works to promote food security and support commercial agriculture.
