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731 THURSDAY, 23 OCTOBER 2008
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Auditor-General such as the qualified
report, and external auditors. The
clean-up also includes the ongoing
investigations into issues around
governance in the Bank.
● The stabilisation of the Land Bank
seeks to improve its finances and
operations. This entails the stabilisation
of IT systems and processes;
acquisition of requisite skills for the
Bank’s turnaround strategy; strengthening
of the Bank’s funding through
diversification of funding sources;
and, strengthening of the Bank’s
balance-sheet.
(2) While I have been briefed about the
developments, I expect the board to
provide me a detailed report in November
2008.