Johannesburg – Jabu Mphambo has been appointed Acting Chief Executive Officer of the Land and Agricultural Development Bank of South Africa (Land Bank) with immediate effect.
The Board of Directors of the Land Bank announced the resignation of Themba Rikhotso as Chief Executive Officer on 9 February 2026.
To ensure leadership stability and continuity during this transition period, the Board stated on Tuesday, 17 February 2026, that it appointed Mphambo as Acting CEO “with immediate effect”.
Mphambo joined Land Bank on 1 November 2024 as Chief Banking Officer.
In this role, he has led a broad and integrated portfolio comprising client coverage, structured investments, commercial banking, legal, product development, client insights, and distribution channels.
He has been instrumental in strengthening operational discipline, enhancing execution capability, and advancing the Bank’s enterprise-wide growth strategy.
Mphambo brings more than 16 years of senior executive experience across banking and financial services, reflecting a strong combination of strategic leadership, operational execution, and rigorous investment management.
He has previously held senior positions at Standard Bank Corporate and Investment Banking, Absa, and Nutun.
Mphambo’s investment experience includes extensive leadership in corporate finance, mergers and acquisitions, and distressed credit investment mandates.
His sector exposure spans banking, agriculture, mining, payments, building materials, advertising, and diversified financial services.
Mphambo is a Chartered Accountant (SA) and CFA charter holder.
He holds a Master of Business Administration from the Gordon Institute of Business Science, as well as a Bachelor of Business Science (Finance) and a Postgraduate Diploma in Accounting from the University of Cape Town.
In 2019, Mphambo was recognised as a finalist in the Top 35 CA(SA) Under 35 awards.
In a statement made available to The Bulrushes, the Board expressed confidence in Mphambo’s leadership and remains committed to ensuring stability, continuity, and sustained progress at Land Bank.
