Development Bank of Southern Africa

The funding forms part of the Metro Trading Services Reform Programme, which aims to improve governance, financial sustainability and operations in water and sanitation, electricity and energy, and solid waste management.

The performance-based loan has a 16-year maturity and three-year grace period, with financing linked to independently verified performance targets approved by metro councils in the meantime the development bank of southern africa has reported a 47 increase in profit for the 2026 financial year with earnings rising to more than 7.8 billion rand from 5.3 billion rand the previous year the holy state-owned bank has also exceeded its infrastructure investment targets, contributing about 6.5 billion rand to the value of infrastructure delivered.

However, it fell short of its job creation target, facilitating around 20,000 new jobs against a target of 26,000.

SARS Commissioner Johnston Makubu says the tax service will focus more on building stronger relationships with taxpayers and tax practitioners.

Reports saying that the National Treasury has a three-year plan to fix Johannesburg.

It's going to work in conjunction with the Development Bank of South Africa and other institutions to turn the city around.

You would have seen that announcement from the Finance Minister.

What do you read into that? And is that a signal in many ways that while the election is important, national government is simply moving ahead quickly because of the strategic importance of the city?

And that's really where people experience governance on a local level, is through those services.

So if we can get those operational, properly ring-fenced, and make sure that the loans that they're getting from DBSA, as well as multiple development banks, actually go to those entities, I think it will make a massive difference in the lived experience of residents in Joburg.

So for all of that to happen, this is really about managing money.

Uh, am I right to see or to sense that the Joburg is losing control, won't have control over the money that the National Treasury is going to spend on all of this? It'll be run, it'll be run in a different way?

I must say, if the deal does go through.

The Development Bank also putting out-- Development Bank Southern Africa, I should say, DBSA, putting out their results.

Big profits, uh, seven point eight billion rand.

Interesting to see how many of their targets they actually exceeded.

Boitemelo Mosoko is the CEO at DBSA.

We'll hear from her in about ten minutes.

Uh, also, uh, Lesaka, we weren't able to speak to them last week, but Lincoln Mali, their CEO, uh, they had results out, but they really show what's happening in the fintech space and how quickly things are moving.

But, uh, uh, Stephen, as, as, as, as you know, as a, as a institution, we are part of a system and, um, and, and these results, it's not, uh, you know, only, um, uh, uh, attributable to us as an ins-- as an institution, but it's also attributable to our shareholder, National Treasury, the, the strength, uh, o-of, of our, of our board, the institutional investors and the s- uh, strategic partners that continue to, um, to, uh, support us and, and our, our clients.