http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.77Change: -0.03
R/$ = 13.12Change: 0.02
Au 1131.12 $/ozChange: 7.05
Pt 1008.50 $/ozChange: -0.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Sep 18, 2013

DBSA makes loss as it disburses R9.2bn to infrastructure projects

Back
DBSA CEO Patrick Dlamini
Photo: Duane Daws
DBSA CEO Patrick Dlamini
 
 
 
Africa|Environment|Housing|Projects|Renewable Energy|Renewable-Energy|Sustainable|The State-owned Development Bank Of Southern Africa|transport|Water|Africa|Angola|Mozambique|South Africa|Zambia|Bank|Development Finance Institution|Energy|Energy Projects|Information Communication Technology Sectors|Maintenance|Renewable-energy Developments|Services|Transportation|Infrastructure|Patrick Dlamini|Operations|R2|Southern Africa
Africa|Environment|Housing|Projects|Renewable Energy|Renewable-Energy|Sustainable|transport|Water|Africa|Angola|Zambia|Energy|Maintenance|Services||Infrastructure||Operations||
africa-company|environment|housing|projects|renewable-energy|renewable-energy-company|sustainable|the-state-owned-development-bank-of-southern-africa|transport|water|africa|angola|mozambique|south-africa|zambia|bank|development-finance-institution|energy|energy-projects|information-communication-technology-sectors|maintenance|renewable-energy-developments-industry-term|services|transportation|infrastructure|patrick-dlamini|operations|r2|southern-africa-region
© Reuse this



The State-owned Development Bank of Southern Africa (DBSA), which is emerging from a far-reaching restructuring exercise, disbursed R9.2-billion in 2012/13 to support infrastructure projects in South Africa and the broader Southern African Development Community (SADC) – in 2011/12, the development finance institution disbursed R8-billion.

However, approvals were lower at R18.1-billion, having already fallen to R24.8-billion in 2011/12, from a peak of R34-billion in 2010/11.

The DBSA also reported a net loss of R826-million, which it attributed to impairment losses on development loans of R1.6-billion and revaluation losses on financial instruments of R403-million.

The impairments were attributed mainly to non-public sector investments, which the bank said were susceptible to changes in the economic conditions. In future, the DBSA would focus predominately on financing public infrastructure projects in the water, sanitation, energy, transportation and information communication technology sectors.

The bank, which is led by CEO Patrick Dlamini, reported that 81% of disbursements flowed towards projects in South Africa, with the balance being directed to the rest of SADC.

During the year, the bank disbursed R5.6-billion to energy projects, primarily renewable-energy developments being built in South Africa, and R1.4-billion for domestic water infrastructure projects. It also invested R248-million in affordable-housing schemes and R50.2-million in student-accommodation initiatives.

Approvals for the region rose to R5.6-billion from a level of R3.8-billion in 2011/12, of which R2.9-billion was approved for energy and transport initiatives in Angola, Mozambique and Zambia. Regional disbursements for the year were R1.6-billion.

In the municipal market, the DBSA increased disbursements by 36.5% to R1.2-billion and made approvals worth R2.3-billion in finance for the large metropolitan councils and a further R937-million for secondary and under-resourced municipalities.

It also provided non-financing services, supporting eight municipalities with turnaround strategies and facilitating the completion of 24 projects as part of the bank’s operations and maintenance programme.

Non-financing support was also extended to the Green Fund, the Vulindlela Academy and government’s Accelerated School Infrastructure Development Programme.

“Despite the current losses, the board and management recognises that there are enormous challenges and opportunities within the current infrastructure development environment and will continue to build the organisation to maximise its development impact on a sustainable basis through the long-term investment cycle,” Dlamini said in a statement.

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
South African water utility Rand Water’s Sedibeng Regional Sanitation Scheme will be undergoing major upgrades to unlock residential and business developments in the Vaal area, as well as parts of the south of Johannesburg, the Gauteng provincial Department of Human...
State-owned entity Land Bank has posted a 9.3% drop in profit from continuing operations year-on-year, citing a decline to R352.5-million in the 2015 financial year from R388.6-million in the 2014 period. The bank’s net cash position improved from R1.47-billion to...
Power lines connecting the east African states of Tanzania, Uganda, Rwanda, Kenya and Ethiopia are expected to be completed within the next three years, helping improve supplies and power trading, a senior Kenyan official said on Thursday. Power shortages are common...
More
 
 
Recent Research Reports
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Updated 7 hours ago The government of Egypt has said it is ready to provide technical assistance to Malawi in the development of the Shire–Zambezi waterway, which is designed to link landlocked Malawi to the Indian Ocean by opening the two rivers for navigation. Egyptian ambassador to...
Updated 7 hours ago Kenya is finally set to start building a new multipurpose petroleum pipeline, after securing a $350-loan from a consortium of banks, including South Africa's Rand Merchant Bank. The other banks in the consortium are the Cooperative Bank of Kenya, Citibank's Kenya...
MARAIS VAN HEERDEN The owner/operator should be able to view the overall project design and progress made at any time
Updated 7 hours ago Three-dimensional (3D) engineering design models can now be viewed on tablets, which enable stakeholders to view the design without having to buy the design software used to create it, says engineering design firm 3DDraughting executive Marais van Heerden. The...
Updated 7 hours ago Ford’s newest offering in a long list of newcomers to the local market in the last two years is the B-Max multi-activity vehicle (MAV). The B-Max will play in the so called B-MAV segment, or the small MAV segment, currently dominated by Toyota’s Avanza, which sells...
Updated 7 hours ago US vehicle manufacturer Ford has announced that it will assemble its Ranger pickup in Nigeria, starting in October. The plant will be Ford’s first African production location outside South Africa, says Ford Motor Company Sub-Saharan Africa president and CEO Jeff Nemeth.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96