The Development Bank of Southern Africa is among those state-owned entities that remain resilient and operate in accordance with all relevant prescripts.
In April 2023 Boitumelo Mosako — dubbed the lioness by poet Jessica Mbangeni — took over as chief executive from Patrick Dlamini, one of the most courageous leaders of our time.
Some of the notable projects facilitated during its first decade of existence include building the Fika Patso Dam in QwaQwa for R21.
More specifically, it was recommended that the bank should be reconstituted as a South African government subsidiary and its primary purpose should be to promote economic growth, development, human resource development and institutional capacity building through sustainable development projects and programmes centred around the provision of infrastructure.
This performance has allowed the bank to increase its non-lending development contributions and increase its development impact. Annual grant support increased from R6.8 million in 1994 to R72 million in 2002.
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