n Without Prejudice - AFGRI-Land Bank deal means more funds for farmers : dealactivity
|Article Title||AFGRI-Land Bank deal means more funds for farmers : dealactivity|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Jun 2012|
|Pages||96 - 97|
The current wave of corporate debt reduction continues apace as growth forecasts negatively impacted by the financial crisis of 2008/9 are replaced by fresh concerns over the Eurozone and China's slowing economy. This was clearly demonstrated by the announcement late last year by GroCapital, the financing arm of AFGRI - and the recent signing of a binding term sheet - that it will dispose of its corporate debtor's book to the Land Bank.
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