Another issue involved a loan, which Langa said was worth R600 million, to Ushukela, a black empowered sugar company. Langa claimed not a cent had yet been repaid.
Ushukela now owed the Land Bank R640 million, including interest, yet the bank had not even sent a letter of demand to the debtor, he said.
A clearly angry Xingwana (Minister of Land Affairs) said: "I cannot discuss confidential matters of clients with a third party." She said she had become involved when the possible closure of a sugar mill Ushukela had purchased from Illovo Sugar threatened the harvest of about 5 000 black small farmers.
full story from Business Report here
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