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the dti Leads Black Industrialists On Trade Mission To Mozambique

5th March 2018 The Department of Trade and Industry will (the dti) lead a Black Industrialists (BI) business delegation to Mozambique on a mission to identify and explore trade and investment opportunities from the 4-10 March 2018. The delegation will also comprise of the Developmental Bank of Southern Africa,... 

The DTI leads black industrialists on trade mission to Mozambique

By: African News Agency      5th March 2018 The Department of Trade and Industry (dti) is leading a black industrialists business delegation to Mozambique on a mission to identify and explore trade and investment opportunities from March 4 to 10. Also in the delegation are representatives of the Development Bank of Southern Africa, the... 

SA power plant listed 4th dirtiest in world's 'Dirty Dozen' 

By: News24Wire      12th December 2017 South Africa’s Thabametsi project has been listed as one of the “Dirty Dozen projects”, twelve fossil fuel projects worldwide environmental groups say exemplify the massive volumes of public finances still flowing to fossil fuel projects, which are driving climate change. The list comes as world... 

Investment in infrastructure only way to realise integrated Africa dream

By: Schalk Burger     17th November 2017 The inaugural African Roundtable on Infrastructure Governance conference, hosted by the Development Bank of Southern Africa (DBSA) and co-sponsored by the World Bank, saw robust debate among members about the most effective way to overcome infrastructure development bottlenecks and leverage... 

Infrastructure governance conference seeks to remove development hobble

By: Schalk Burger     3rd November 2017 The inaugural African Roundtable on Infrastructure Governance conference, hosted by the Development Bank of Southern Africa (DBSA) and co-sponsored by the World Bank, on Thursday, saw robust debate among members about the most effective way to overcome infrastructure development bottlenecks and... 

New Transnet, DBSA finance scheme set up to support African rail exports

By: Terence Creamer     28th August 2017 State-owned entities Transnet and the Development Bank of Southern Africa (DBSA) have agreed to create a new facility that will extend favourable financing to African and Middle Eastern buyers of Transnet Engineering’s (TE’s) rail rolling stock and port equipment. The financing scheme will be... 

Infrastructure key to unlocking trade and value chains across SADC region

By: Anine Kilian     25th August 2017 It is common cause that industrialisation across the Southern African Development Community (SADC) region is key to diversifying the regional economy away from its current reliance on the export of raw commodities and to supporting economic growth and employment creation. There is broad... 

Infrastructure key to unlocking trade and value chains across SADC region

By: Anine Kilian     25th August 2017 It is common cause that industrialisation across the Southern African Development Community (SADC) is key to diversifying the regional economy away from its current reliance on export of raw commodities and to supporting economic growth and employment creation. There is broad acceptance that SADC... 

SADC in need of localised development

18th August 2017 Localisation in infrastructure development in the Southern African Development Community (SADC) region is critical to industrialisation, says the Department of Trade and Industry (DTI).  

Stakeholder support integral to urban farming in S Africa

By: Robyn Wilkinson     11th August 2017 While the appetite for urban farming exists in South Africa, more needs to be done to motivate stakeholders from both the private and public sectors to play a role in creating and growing successful projects that can be translated into sustainable investments, say engineering and infrastructure... 

City of Johannesburg finances in a healthy state, says finance MMC Dagada

By: African News Agency      7th August 2017 The City of Johannesburg has refuted allegations made by the African National Congress in Johannesburg on Sunday about the city’s financial position. “The comments are nothing more than the ANC’s attempt at reviving [former mayor] Parks Tau’s political career from the ashes,” mayoral committee... 

Malawi and Tanzania sign MOU for Songwe River Basin Programme 

By: David Oliveira     16th June 2017 Malawi and Tanzania signed a memorandum of understanding (MOU) last month at the Bingu International Convention Centre (BICC) in Lilongwe, Malawi, which will see the two African nations work together for the development of the Songwe River Basin Development Programme (SRBDP). The SRBDP was... 

$100-million loan for African infrastructure spending

By: Nadine James     26th May 2017 The Development Bank of Southern Africa (DBSA) and the Agence Française de Développement (AFD) in March signed a $100-million loan agreement aimed at furthering the DBSA’s infrastructure financing activity across Africa. This flexible credit line will focus on DBSA’s four strategic sectors:... 

Southern Palace outlines vision for radically transformed M&R infrastructure unit 

By: Mia Breytenbach     19th May 2017 The newly black-owned construction company conceived from a R314-million sale agreement between engineering and construction group Murray & Roberts (M&R) and black-empowered Southern Palace Group aims to build on its 115-year heritage to become a “leading, Tier 1, infrastructure player in South... 

Southern Palace outlines vision for radically transformed M&R infrastructure unit 

By: Mia Breytenbach     19th May 2017 The newly black-owned construction company, conceived from a R314-million sale agreement between engineering and construction group Murray & Roberts (M&R) and black-empowered Southern Palace Group, aims to build on its 115-year heritage to become a “leading, tier one, infrastructure player in... 

Resgen progresses talks with DBSA over funding for rail link at Boikarabelo

By: Megan van Wyngaardt     4th May 2017 JSE-and ASX-listed Resource Generation (Resgen) said talks with the Development Bank of Southern Africa (DBSA) concerning the funding for a rail link at its Boikabarelo coal mine, in Limpopo, was now at an advanced stage, with the DBSA to submit its application for first stage credit approval... 

Fitch next to downgrade Eskom, Transnet to align with sovereign ratings

By: Natasha Odendaal     12th April 2017 South African State-owned Eskom and Transnet have also been downgraded by ratings agency Fitch to align with the recent downgrade of South Africa’s sovereign rating. Eskom’s long-term local currency issuer default rating (IDR) and the senior unsecured local currency rating have been downgraded... 

DBSA secures $100m AFD loan facility to support continental activity

By: Natasha Odendaal     17th March 2017 The Development Bank of Southern Africa (DBSA) has secured a $100-million loan facility from the Agence Française de Développement (AFD), earmarked for energy, water, transport and information and communication technology infrastructure across Africa. The DBSA aims to continue to advance... 

DBSA backs key highway project in Kenya

By: John Muchira     17th March 2017 The Development Bank of Southern Africa (DBSA) has agreed to avail $572.8-million debt funding for a key highway project in Kenya. Kenya Transport principal secretary Irungu Nyakera says the funds are already available for the 580 km Lamu-Garissa–Isiolo highway, which forms part of the Lamu Port... 

Transnet exec suspended after tender report

By: News24Wire      22nd February 2017 A senior Transnet executive has been put on special leave following a News24 report on a R10-million tender the State-owned company awarded to the executive's former boss. Transnet confirmed on Wednesday that Sandile Simelane, the head of Transnet Freight Rail's (TFR) corporate affairs... 

New financing models needed for infrastructure

By: African News Agency      18th January 2017 Global leaders and representatives of Canada, France, Switzerland, China, South Africa and the United States on Tuesday, questioned the ability of public sectors across the globe to develop proper infrastructure ecosystems. Financing of infrastructure projects seemed not to be the major obstacle... 

Gautrain rolling stock procurement programme, South Africa

By: Sheila Barradas     9th December 2016 The contract to supply new trains to Gautrain will be awarded to a successful bidder in November next year. 

How Brics bank can change the way lenders do business

2nd December 2016 In times of economic distress, a situation South Africa finds itself in at present, governments tend to invest heavily in infrastructure, which plays a central role in economic growth and poverty reduction by promoting greater productivity, increasing trade, reducing the cost of doing business... 

Futuregrowth lifts DBSA lending suspension

By: Terence Creamer     21st November 2016 The Development Bank of Southern Africa (DBSA) has become the third public entity to confirm that Futuregrowth Asset Management has lifted a lending suspension imposed on it and five other State-owned companies (SoCs) earlier in the year. On August 31, Futuregrowth announced that, owing to... 

Africa House publishes exporter finance support guide

By: Natasha Odendaal     9th November 2016 Africa House and Spoke Consulting on Wednesday unveiled a new information document outlining the financial instruments available to South African exporters to unlock their competitive edge in Africa. The new ‘Finance Compendium: Guideline of Funding and Investment Support for South African... 

Transnet to terminate Trillian relationship, seeks Futuregrowth apology  

By: Terence Creamer     7th November 2016 State-owned logistics group Transnet will be terminating its relationship with both Trillian Capital and Regiments Capital in light of the current fallout surrounding the two companies – developments that are reflected in the Public Protector’s ‘State of Capture’ report and is currently also the... 

Futuregrowth lifts lending suspension on IDC

By: Terence Creamer     7th November 2016 The Industrial Development Corporation (IDC) reported on Monday that Futuregrowth Asset Management’s suspension of lending activities to the State-owned development financier had been lifted with immediate effect. On August 31, Futuregrowth announced that it was freezing all lending to the IDC,... 

AFD, DBSA to help fund Durban bulk water supply projects

By: Megan van Wyngaardt     28th October 2016 Agence Française de Développement (AFD) and the Development Bank of Southern Africa (DBSA) have provided the eThekwini municipality with a R700-million 15-year loan. A grant of R93-million was also provided to the municipality by the Infrastructure Investment Programme for South Africa which is... 

Gautrain rolling stock procurement programme, South Africa

By: Sheila Barradas     28th October 2016 The Gauteng government has shortlisted three bidders to supply 12 new trains of four cars each for the Gautrain. 

Kathu concentrated solar power project, South Africa

By: Sheila Barradas     14th October 2016 Construction on the project has started. 

Industrial parks survey outlines industry strengths, weaknesses

By: Anine Kilian     12th October 2016 A survey of State-owned industrial parks has revealed that their use of a property management approach, as opposed to the cluster-based approach adopted by private industrial parks, will prevent the exponential growth envisaged, Department of Trade and Industry (DTI) regional industrial cluster... 

Khanyisa coal-fired project to incorporate circulating fluidised-bed technology

By: Terence Creamer     11th October 2016 Saudi electricity group ACWA Power, which is leading the private consortium selected to build a 306 MW coal-fired power station in Mpumalanga, has confirmed that the project will be the first in South Arica to incorporate circulating fluidised-bed (CFB) technology. The Khanyisa project and the... 

Big development-finance backing for R40bn coal IPP programme 

By: Terence Creamer     10th October 2016 Energy Minister Tina Joemat-Pettersson confirmed on Monday that the 557.3 MW Thabametsi and the 306 MW Khanyisa coal-fired power station projects have been selected as preferred bidders following the first bid window of South Africa’s Coal Baseload Independent Power Producer Procurement Programme... 

DBSA’s funded 21 renewable-energy projects online

By: Creamer Media Reporter      5th October 2016 The 21 renewable-energy projects financed by the Development Bank of Southern Africa (DBSA) since the Renewable Energy Independent Power Producer Procurement Programme was implemented are contributing some 2 512 MW to the national grid. This includes five commercial solar panels, nine solar... 

AMSA insists R2.27bn empowerment deal meets highest governance standards

By: Terence Creamer     28th September 2016 Steel producer ArcelorMittal South Africa (AMSA) has unwrapped its long-awaited R2.27-billion broad-based black economic empowerment (BBBEE) transaction, which chairperson Mpho Makwana insists meets the highest standards of probity and governance. An earlier 2010 attempt by the JSE-listed company... 

Futuregrowth lifts Land Bank lending freeze

By: Terence Creamer     26th September 2016 The Land Bank announced on Monday that Futuregrowth Asset Management had, with immediate effect, lifted a lending suspension controversially imposed on the bank, as well as five other State-owned companies (SoCs), on August 31. Besides the Land Bank, Futuregrowth also froze any new lending to the... 

Noupoort Wind Farm project, South Africa

By: Sheila Barradas     23rd September 2016 The Noupoort Wind Farm, in the Northern Cape, has been declared officially operational. 

DBSA aims to ‘catalyse’ funding to poor munis as it sets R100bn funding goal

By: Terence Creamer     22nd September 2016 The Development Bank of Southern Africa (DBSA) disbursed a record R17.1-billion during its 2016 financial year, up from R13-billion in 2015, with disbursements to the country’s eight metropolitan councils (metros) surging to R7.5-billion from R3.7-billion. CEO Patrick Dlamini said a total of... 

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