Africazine:
Themba Rikhotso’s resignation as CEO of Land Bank marks a significant leadership transition during a critical recovery phase.
Rikhotso has served as CEO for three years, with his resignation confirmed by the Land Bank’s Board on Friday, 6 February 2026. He will leave the position at the end of April 2026 to take on another banking role in South Africa.
Leadership Change at Land Bank
Themba Rikhotso’s tenure at Land Bank began on 1 April 2023, and he has been instrumental in navigating the bank through challenging times. His leadership has been characterized by a focused approach to stabilizing the bank’s operations and financial health.
During his time, the bank made significant strides in its turnaround strategy, particularly in addressing liabilities through collaboration with lenders and support from the National Treasury. These efforts have been crucial for the bank’s recovery.
South Africa: Key figures on Land Bank’s Leadership
- Rikhotso commenced his role at the Land Bank on 1 April 2023.
- His final day will be at the end of April 2026.
Future Direction for Land Bank
The Land Bank Board has expressed its commitment to maintaining the momentum of the bank’s strategic objectives. Steps are being taken to ensure continuity in leadership and uphold organizational integrity during this transition.
Next Steps for Land Bank
- Implementing steps for continuity in leadership.
- Maintaining organizational integrity during the transition.
Rikhotso’s departure signals a pivotal moment for Land Bank as it continues its recovery journey.
