Jump to navigation

Vol 55 No 20

Published 10th October 2014


South Africa

DBSA moves centre stage

The state-owned bank repositions itself as a likely African hub for the new BRICS development bank

South Africa's state-owned Development Bank of Southern Africa (DBSA) is being restructured to become the regional centre of the new development bank for the BRICS group of Brazil, Russia, India, China and South Africa, say sources close to the bank. The new institution is already being referred to as the New Development Bank (NDB) in official documents which Africa Confidential has seen.

End of preview - This article contains approximately 1165 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.