Land Bank appoints new CEO

The Land Bank recently announced that Ayanda Kanana, CEO of the Joburg Market, is due to take up the position as CEO of the Land Bank from 2 March.

Land Bank appoints new CEO
Ayanda Kanana, the CEO of the Joburg Market, is set to begin his new role as CEO of the Land Bank on 2 March.
Photo: FW Archive
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The Land Bank recently announced that Ayanda Kanana, CEO of the Joburg Market, is due to take up the position as CEO of the Land Bank from 2 March.

The Land Bank has been without a permanent CEO since December 2018, after former CEO Tshokolo Nchocho joined the Industrial Development Corporation.

Konehali Gugushe, former chief risk officer at the Land Bank, served as acting CEO from May 2019 before resigning in January.

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Arthur Moloto, chairperson of the Land Bank, said in a statement the bank was hopeful that the appointment of Kanana would ensure sustained oversight of the bank’s operations and strategic direction.

One of the reasons cited by Moody’s Investors Service for the recent downgrade of the bank to sub-investment level was the delayed appointment of a permanent CEO.

Kanana, a qualified chartered accountant, has served on various boards, and is currently the chairperson of the Audit and Risk Committee for the East London Industrial Development Zone.

He has won multiple industry awards, and was named Public Sector CEO of the Year 2019 by the Association for the Advancement of Black Accountants of Southern Africa, according to a statement by the Land Bank.

The Land Bank also recently appointed Khensani Mukhari as its CFO.

Toni Wessie, customer relations manager at Joburg Market, has confirmed Kanana’s resignation.

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Siyanda Sishuba has a degree in broadcast journalism. She graduated in 2010 at the Nelson Mandela Metropolitan University in Nelson Mandela Bay, Eastern Cape. She is passionate about the environment and agriculture. Siyanda grew up in Whittlesea and has seen how climate change and invasive species are affecting farmers in her community. She’s worked at the Weekend Post, a local newspaper in Nelson Mandela Bay, Eastern Cape. Thereafter she landed herself a job at Debt Management Consultants in East London, writing articles for company’s newsletter. She then moved to Johannesburg to work for the Department of Environmental Affairs Biosecurity Advocacy Unit