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.

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