Masondo applauds DBSA’s strong financial results and infrastructure role

image: National Treasury RSA

by Kelebogile Matlou

Deputy Finance Minister David Masondo congratulated the Development Bank of Southern Africa (DBSA) for its good financial performance during the fiscal year 2024-25. Masondo, speaking at the DBSA’s financial results presentation in Sandton, north of Johannesburg, emphasized the bank’s critical role in supporting bankable pipeline projects and cross-border infrastructure development. 

Masondo also indicated that the government is proposing a credit guarantee system to help fund the development of public infrastructure projects.”Several jurisdictions have used tools like the credit guarantee scheme to force private sector capital into infrastructure, and if it works, we want to use it for other infrastructure projects,” he explained.

 According to the National Treasury’s technical team, this credit guarantee program is expected to be operational by July 2026. The DBSA previously announced impressive financial results, stating that earnings for the year ended March 31, 2025, increased by R5 billion. The bank reported a 14% increase in net profit, despite a challenging global economic climate marked by slow growth and geopolitical concerns. Boitumelo Mosako, CEO of DBSA, emphasized the bank’s continued dedication to promoting sustainable development and economic growth via infrastructure assistance.