The Land and Agricultural Development Bank of South Africa says it will restructure its operations, splitting them into different business units so it can service emerging farmers better.

The bank has disbursed 356.6-million-Rands to support farmers who had been negatively impacted on by drought since the inception of the Drought Relief Facility in 2017.

The bank’s acting CEO, Konehali Gugushe, says a delay in rain and planting has led to it having more liquidity coverage than was needed in its latest financial results