Members' Statement - Land Bank Recovery
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National Assembly: 20 August 2009 Honourable Minister
The troubles at the Land Bank have been covered extensively in the media and the work that this important institution has been mandated to do has effectively been crippled by the corrupt behaviour of some of its officials.
We note the honourable Minister of Finance's comments earlier this week that the Land Bank is on its way to recovery. This is a positive sign and also the first step towards it operating efficiently and fulfilling its mandate. However, we must not forget that the dishonesty of officials and other people caused the Land Bank to be in this miserable state. While we do understand that investigations are ongoing, there must be transparency in this process, and the people who were involved in corrupt dealings, both the Land Bank officials and the beneficiaries of illegal loans, must be exposed and brought to book.
The South African tax payers need to know that their interests are being looked after and that corruption is not tolerated. They need to know the names of the people who abused their money and the actions that are being taken against them.
I appeal to the Minister to provide this House with a detailed update of investigations and to furnish us with a list of the names of those who have been implicated in corruption at the Bank as well as the action that is being taken against them. The IFP also hopes that every effort is being made to recover the funds that were dispersed illegally.
I thank you.
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