DEVELOPMENT FINANCE
The Development Bank of Southern Africa (DBSA) recorded a sharp fall in disbursements to R12.4-billion in 2017, from a record R17.1-billion in 2016, but has promised to "step up" its role as a catalyst of development in 2018, setting a R20-billion disbursement target for the year. The development finance institution (DFI) had been targeting disbursements of around R16.5-billion in the year to March 31, 2017, and CEO Patrick Dlamini attributed the lower figure partly to a refusal by Eskom to sign power purchase agreements (PPAs) with renewable-energy independent power producers (IPPs). The DBSA had, until the PPA impasse emerged last year, played a leading role in funding black ownership and community participation in the IPP projects and had been injecting around R3-billion a year into the programme.
Please enter the email address that you used to subscribe to Research Channel. Your password will be sent to this address.
Don't have any login details?
Free Trial Access