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

Part III : Funds and Business of Bank

24. Power to raise additional funds
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(1)The Board must adopt a borrowing policy to be approved in writing by the Minister and the Minister of Finance.

 

(2)The borrowing policy must contain guidelines to regulate the Bank's borrowings in terms of this section.

 

(3)The Bank may raise additional funds, including by way of borrowing, from such persons and on such terms as the Board may determine from time to time, in terms of the borrowing policy contemplated in subsection (1).