Blow to profit will not threaten DBSA’s role in infrastructure drive
Bank is pivotal agency in ambitious infrastructure drive that government hopes will reignite growth
04 October 2020 - 17:47
Though the Covid-19 fallout means it has taken a substantial hit to its profit, the Development Bank of Southern Africa (DBSA) says it “remains well positioned” to play a lead role in SA’s infrastructure drive.
The state-owned bank, which specialises in development loans, has reported that profits fell more than three-quarters in its year to end-March, as the adverse effects of the pandemic forced it to raise provisions against loans likely to come under pressure...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.