Treasury nudges DBSA into Africa

DBSA goes all out for Africa

sacu mapThe ability of Development Bank of SA (DBSA) to finance development in any national territory on the African continent and surrounding coastal island territory has been incorporated in a new draft Bill for public comment known as the Development Bank of Southern Africa Amendment Bill.

Cabinet  approved the Bill for early tabling in Parliament, the cabinet stating some months ago that the “main objects of the draft Bill was to propose amendments to the Development Bank of Southern Africa Act, 1997; to enable the extension of the operations of DBSA to any national territory on the African continent and its oceanic islands; to increase the authorized share capital of the Bank and enable further increases in such; to provide for the application of certain legislation to the Bank and to adjust the regulation-making powers.”

Whilst the Bill gives the powers for DBSA to move into Africa in a generic sense, it seems from the cabinet statement that adventures into sub-Saharan Africa only have been countenanced so far and little has been encouraged in territories well to the North.

For other articles on this subject, go to






Leave a Reply

This website is Archival

If you want your publications as they come from Parliament please contact ParlyReportSA directly. All information on this site is posted two weeks after client alert reports sent out.

Upcoming Articles

  1. Jeremy Cronin back on land expropriation issue
  2. Integrated Energy Plan reflects cleaned-up thinking
  3. Changes to Companies Act headed for Parliament
  4. State Bank a strong possibility with certain provisos
  5. No more Competition Commission yellow card warnings
  6. Business to meet transformation targets by law

Earlier Editorials

Earlier Stories

  • AARTO licence demerit system studied  …. In what has been a legislative marathon, the update of the Administrative Adjudication of Road Traffic Offences Act (AARTO) has now reached a stage […]

  • SARS role at border posts being clarified …. In adopting the Border Management Authority (BMA) Bill, Parliament’s Portfolio Committee on Home Affairs agreed with a wording that at all future one-stop border […]

  • Modernising SAPO a culture change ….. sent to clients 27 February…. Stage by stage, Mark Barnes, Group Chief Executive Officer of South African Post Office (SAPO), appears to be reforming cultures and […]

  • OECD money task force waiting for SA   ….sent to clients Feb 7…. Chairperson of the Standing Committee on Finance, Yunus Carrim, made it quite clear in terms of parliamentary rules that […]

  • President Zuma vs Parliament on FICA Bill …..editorial……The convoluted thinking that is taking place in South Africa to avoid the consequences of the law has once again become evident in […]