by Mzwandile Jacks

DBSA delivering on mandate

Addressing southern Africa's infrastructural needs

Patrick Dlamini; CEO of Development Bank of Southern Africa
Mr Patrick Dlamini.jpg

The Development Bank of Southern Africa (DBSA), one of South Africa’s 13 development finance institutions (DFIs), has in the past couple of years made its name churning out billions for infrastructure in the region.

The Midrand-based DFI has grown its disbursements from R3.7 billion in 2006 to around R8 billion in 2011/12. According to the DBSA, this is equivalent to a compounded annual growth rate of 22% over the 2006-2011 financial years.

Launched in 1983, the DBSA is one of several DFIs in south and southern Africa. These include the Industrial Development Corporation (IDC), the state-owned national DFI that provides financing to businesses engaged in competitive industries, and the National Empowerment Fund (NEF), which promotes and facilitates black economic empowerment (BEE) and transformation. Its mandate is to be a catalyst for broad-based BEE through asset management.

All DFIs have different functions. DBSA’s function is to accelerate sustainable socio-economic development by funding physical, social and economic infrastructure.

South Africa’s general infrastructure, particularly in the townships and other far-flung areas, is deteriorating fast due to lack of investment since the democratic elections 19 years ago.

So, DBSA’s goal is to improve the quality of life of the people of the southern African region. It plays the multiple roles of financier, adviser, partner, implementer and integrator, to mobilise finance and expertise for development projects.

Since 1994, the DBSA has sought to transform itself into a DFI that leads and champions regional economic infrastructure integration and development.

Read full article in forthcoming edition of Black Business Quarterly

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