SPEDU plans to set up land banks

SPEDU’s acting Chief Executive Officer, Montle Phuthego said that while the issue of land banks is crucial, the Ministry of Lands and the Land Boards are concerned with allocated land that is never developed and used or fully used for the purposes that it was allocated for. “We are therefore going to discuss this with them as SPEDU to assure them that we are going to develop the land for land banks. We will fully consult farmers on it,” she noted.

The agency is prioritising all projects and for facilitation purposes a land bank is needed. Land banking is the practice of aggregating parcels of land for future sale or development.