Development Bank of Southern Africa, a development finance institution, provides financing, project preparation, and implementation support services for economic and social infrastructure in South Africa and the rest of Africa. It operates through four segments: South Africa Financing, International Financing, Infrastructure Delivery, and Treasury. The company provides infrastructure funding services, such as loans, equity investments, co-funding, grants, and development outlay products; and investment products, including equity funds, BEE financing of equities, and private funding, as well as offers project preparation funds, mezzanine finance, and limited and non-resource lending services....
1258 Lever Road
Founded in 1983
Development Bank of Southern Africa Reports Audited Earnings Results for the Year Ended March 31, 2015
Sep 18 15
Development Bank of Southern Africa reported audited earnings results for the year ended March 31, 2015. For the period, the company posted interest income of ZAR 5,327,312,000 against ZAR 4,576,209,000 a year ago. Net interest income was ZAR 2,324,383,000 against ZAR 2,088,450,000 a year ago. Operating income was ZAR 2,887,123,000 against ZAR 2,317,603,000 a year ago. Profit from operations was ZAR 1,217,055,000 against ZAR 802,465,000 a year ago. Profit for the year was ZAR 1,214,141,000 against ZAR 787,042,000 a year ago. Cash flows generated from operating activities was ZAR 2,660,756,000 against ZAR 1,955,167,000 a year ago.
Development Bank of Southern Africa to Report Fiscal Year 2015 Results on Sep 18, 2015
Sep 15 15
Development Bank of Southern Africa announced that they will report fiscal year 2015 results on Sep 18, 2015
RDIF, IDFC, BTG Pactual, Silk Road and Development Bank of Southern Africa Sign on Agreement to Establish Joint Mechanism for Financing of Infrastructure Projects
Jul 8 15
Brazil, Russia, India, China, and South Africa (BRICS) have backed the initiative of the Russian Direct Investment Fund and agreed to establish a joint mechanism for financing of infrastructure projects. The relevant agreement was signed by RDIF, IDFC, BTG Pactual, Silk Road and Development Bank of Southern Africa during the BRICS summit in Ufa. The parties agreed to jointly look for and fund infrastructure projects that contribute to greater trade, economic and investment cooperation among BRICS states. The RDIF originally put forward its proposal to set up the infrastructure projects funding mechanism at the BRICS summit in Brazil in 2014.