R/€ = 17.02
R/$ = 14.80
Au 1285.21 $/oz
Pt 1060.50 $/oz
Dec 06, 2007
DBSA provides ‘hands-on' support at municipalitiesBack
The Development Bank of Southern Africa (DBSA), through the 'Siyenza Manje' initiative, is harnessing engineering, finance, town planning, and project management skills, in order to capacitate municipalities in "challenged localities", to identify, design, and implement basic infrastructure projects, where this level of service delivery is most needed.
In the interim period, which ended in September 2007, skills deployment figures rose from 81 experts, to 118 experts in vital fields. This ‘hands-on' support to accelerate infrastructure project implementation was also extended from 86 municipalities, to 101 municipalities.
Knowing that "skills don't sit on the street", and in attempts to rope in the critical skills it needs, DBSA MD and CEO Paul Baloyi explained that the bank is now contracting with institutions that have the expertise to deliver the infrastructure projects on the ground. "We have taken on one or two companies," he added.
The initiative, aimed at complementing government's ‘Project Consolidate', which identified underperforming municipalities to be provided with skilled assistance, has enabled the flow of about R1-billion in municipal grant funding.
For the six months under review, the initiative has cost R43-million to implement - R30-million of which came from the National Treasury, and R13-million was contributed by the DBSA development fund.
The existing commitment of the development fund is R118-million, which includes commitments of R5-million approved in the last six-month period.
The amount would continue to support municipal and other capacity building efforts in the short- and medium-term. This figure is lower than the previous amount of R213-million at the same point last year, but the bank pointed out that this reduction is because of the 'Siyenza Manje' interventions and improvements in grants management.
"The fund has put measures in place to fast-track grant funding and disbursements and has confidence that these commitments will be disbursed to achieve the intended project objectives and development impact," the institution said.
Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
To subscribe email firstname.lastname@example.org or click here
To advertise email email@example.com or click here
Other Video News
Updated 8 minutes ago At least R14-billion in investments had seen the economic development of the City of Johannesburg, resulting in economic hubs that created jobs and further opportunities for the city’s citizens, mayor Parks Tau said on Wednesday. The city had begun redesigning the...
Updated 40 minutes ago The mix of mining and marketing within the same company provides sensitivity to commodity price falls. Continually highlighting the value of the mining-marketing mix is Glencore, which is quick to respond to market changes.
Updated 1 hour 17 minutes ago Finance Minister Pravin Gordhan on Wednesday termed Denel, which is at loggerheads with National Treasury over a joint venture with a company linked to the Gupta family, arrogant and belligerent. “One of the tendencies that we are noting in recent times is that when...
Recent Research Reports
Automotive 2016: A review of South Africa's automotive sector (PDF Report)
Creamer Media’s Automotive 2016 Report provides an overview of South Africa’s automotive industry over the past 12 months. The report provides insight into local demand and production, vehicle imports and exports, investment and competitiveness in the sector, as well...
Energy Roundup – April 2016 (PDF Report)
The April 2016 roundup covers activities across South Africa for March 2016 and includes details of a North Gauteng High Court Judge’s dismissal of a court application to postpone the 9.4% electricity tariff increase, which the National Energy Regulator of South...
Electricity 2016: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2016 report provides an overview of South Africa’s electricity sector, focusing on State-owned power utility Eskom and independent power producers, electricity planning, transmission, distribution and the theft thereof, besides other issues.
Energy Roundup – March 2016 (PDF Report)
The March 2016 roundup covers activities across South Africa for February 2016 and includes details of the Department of Energy’s plans to announce the preferred bidders for the first tranche of the coal independent power producer procurement programme; the Council...
Steel 2016: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2016 Report examines South Africa’s steel industry over the past 12 months. The report provides insight into the global steel market and and particularly into South South Africa’s steel sector, including production and consumption, main...
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
This Week's Magazine
The two spent-fuel pools at Eskom’s 1 800 MW Koeberg nuclear power station, in the Western Cape, will be full by 2018, increasing the urgency on the State-owned utility to begin pursuing alternative storage options. Koeberg has, over the past 32 years, accumulated a...
South Africa lacks the skills necessary to implement the government’s plan to build 9.6 GWe of new nuclear energy capacity, warns nuclear-qualified Quality Strategies International CEO David Crawford. “Apart from the concern about the affordability of the programme,...
Cybersecurity multinational Check Point has released its latest 700-series cybersecurity systems for small businesses, which draw on its international threat intelligence to provide up-to-date cybersecurity, says Check Point South Africa country manager Doros...
Daimler Trucks and Buses Southern Africa (DTBSA) saw a marked slip in new-vehicle sales in 2015 compared with 2014, with sales dropping from 5 897 units to 5 300 units. The decline came as the South African new truck and bus market declined from 31 558 units in 2014...
Group of 20 (G-20) economies threatened to penalise havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion. The G-20 will consider “defensive measures” against financial centers and...