Following record disbursements of R12.7-billion in 2014, the State-owned Development Bank of Southern African (DBSA) reported on Monday that it planned to raise total yearly disbursements to R22-billion by 2017, with a major focus on under-resourced municipalities. The bank’s previous disbursement high was R9.2-billion, set in 2013.
CEO Patrick Dlamini, who presided over a far-reaching and painful restructuring of the organisation in recent years, said the development finance institution (DFI) was also intent on becoming a leading infrastructure financier in Africa.
Through consolidating its operations into one central 59 000 m2 building, which was currently under construction near Freedom Park in Tshwane, Statistics South Africa (Stats SA) would streamline its processes and achieve greater efficiency, Minister in the Presidency Jeff Radebe said on Monday. Speaking at the sod-turning of the new Stats SA head office, he emphasised the importance of quality information, stating that South Africa’s plans to eradicate poverty by 2030 hinged on information-based decision-making.