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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.

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