Development Bank of Southern Africa

The DBSA Development Bank of Southern Africa, abbreviated, ( German: Development Bank of Southern Africa ) is a South African bank financing socio-economic projects to improve the infrastructure in southern Africa. The Development Bank are as objective in the improvement of living conditions in the region. Its headquarters is located in Midrand, now part of Johannesburg. The bank received its current legal framework with the Development Bank of Southern Africa Act, short DBSA Act ​​, (Act No. 13/1997 ) and the Public Finance Management Act (Act No.. 1/1999 ).

The bank was established on 30 June 1983 in Cape Town as a fiscal policy instrument of the apartheid policy to regulate the relations of the Republic of South Africa to the Bantu States Transkei, Ciskei, Bophuthatswana and Venda within the meaning of that political doctrine. It emerged from the at that time still existing structures of the Corporation for Economic Development Limited ( IBD). This was a state economic development Gsell shaft, which was gradually decreased in previous years. Their business model was based on the original concepts for the commercial exploitation Homelands from the Ministry of the Minister of Bantu Administration and Development, and Bantu Education.

Your first branch for commercial business was as a temporary facility on 1 September 1983 in Hatfield. Beginning of 1984, the bank moved to Sandton and continued its activities in the new premises from February 1, continued. Its chairman and CEO at the time was Simon Brand. Main client was the South African foreign ministry that used the bank as a management tool for home country development. In October of the same year, the bank introduced 234 projects with a financial volume of 1.41 billion rand. Typical activities were lending, technical assistance for project implementation and the provision of guarantee schemes.

The DBSA plays a major role in the financing of the Peace Parks in Southern Africa, are to be planned and constructed across the boundaries of states.

Periodicals of the DBSA

  • Information Manual (English), translations in Afrikaans, isiZulu, Sesotho, Tswana )
  • Development Southern Africa. Journal of the Development Bank of Southern Africa (english), ISSN 0376 - 835x (print ), 1470-3637 ( Online)
Types of business entity Bantu Investment Corporation Act, 1959 Bantustan Chief Executive Officer Transboundary Protected Area Zulu language Sotho language Tswana language South African Institute of Race Relations
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