ANNUAL REPORTS

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• HASMA Investments (Pty) Ltd: Nonexecutive Director • Jodya cc: Member • LMD Africa Chartered Accountants Inc: Non-executive Director • LMD Africa Forensics (Pty) Ltd: Nonexecutive Director • Mlando Investments (Pty) Ltd: Nonexecutive Director • Omar Aboobaker Latiff Family Trust: Trustee • PricewaterhouseCoopers Advisory Services (Pty) Ltd: Director • PricewaterhouseCoopers Incorporated: Director • PricewaterhouseCoopers Partnership: Partner • Project Preparation Trust: Trustee 8. MRS WENDy LUCAS-BULL (58) Executive Director: Peotona Group Holdings (Pty) Ltd DBSA Director as from: 1 August 2005 Academic qualifications: • BSc, University of the Witwatersrand (1976) Other directorships: • Anglo-Platinum (Pty) Ltd: Nonexecutive Director • Eskom Holdings Ltd: Non-executive Director • IQ Group (Pty) Ltd: Non-executive Director • Nedbank Group Ltd: Non-executive Director 9. Dr CLAUDIA MANNING (44) Executive Director: Sangena Investments DBSA Director as from: 1 August 2005 Academic qualifications: • DPhil, University of Sussex (1996) • MPhil, University of Sussex (1992) • BA Hons (Economic History), University of Natal (1988) • BA (Economic History; English), University of Natal (1987) Other directorships: • DBSA Development Fund: Nonexecutive Director • ECIAfrica: Managing Director • Roadcrete Africa (Pty) Ltd: Nonexecutive Director DBSA CORPORATE SECRETARy Mrs Bathobile Sowazi Company Secretary, DBSA, PO Box 1234, Halfway House, 1685 DBSA Board members during the year under review 10. Mr JayASEELAN NAIDOO (56) Director: J&J Group Chairman of the DBSA Board between: 24 August 2000 and 31 August 2010 11. Dr LULU GWAGWA (52) Chief Operating Officer: Lereko Investment Holdings DBSA Director between: 1 August 2004 and 21 October 2010 12. PROF. EDWARD ChARLES WEBSTER (68) Professor of Sociology, University of the Witwatersrand DBSA Director between: 1 August 2007 and 31 January 2011 13. Mr IvAN MzIMELA (49) Chairman: Hollard Risk Capital Executive Director: Capricorn Ventures International DBSA Director between: 1 August 2007 and 31 January 2011 14. MS T RAMANO (39) Chief Financial Officer: WIPHOLD Group DBSA Director between: 1 August 2007 and 21 April 2010 7. Mr Omar Aboobaker Latiff 8. Mrs Wendy Lucas-Bull 9. Dr Claudia Manning DBSA | <strong>ANNUAL</strong> REPORT 2010/2011 8
GOVERNOR‘S FOREWORD 9 DBSA | <strong>ANNUAL</strong> REPORT 2010/2011
Page 1 and 2: A ANNUAL REPORTS 2010/11 DBSA | ANN
Page 3 and 4: BANK Financier, advisor, partner, i
Page 5 and 6: DBSA ANNUAL REPORT CHALLENGES resul
Page 7 and 8: What is the Development Bank of Sou
Page 9 and 10: Financial performance overview 5-ye
Page 11 and 12: “. . . the Bank is harnessing its
Page 13: 4. Mr ANDREW BORAINE (52) Chief Exe
Page 17 and 18: “In line with our renewed compact
Page 19 and 20: The Moses Kotane Community Water Su
Page 21 and 22: LETTERS TO THE STAKEHOLDERS | GOVER
Page 23 and 24: Newly renovated OR Tambo Internatio
Page 25 and 26: “ Economic growth and job creatio
Page 27 and 28: Board, while disbursements yielded
Page 29 and 30: other countries not hard hit by rec
Page 31 and 32: Kuzuku reserve
Page 33 and 34: Estimated impact on household incom
Page 35 and 36: OPERATIONAL REPORTS | development i
Page 37 and 38: Development investment A record lev
Page 39 and 40: R million Operating and development
Page 41 and 42: Equity investments comprise equitie
Page 43 and 44: Cost-to-income ratio, 2006/07 to 20
Page 45 and 46: Excluding the refinancing of money
Page 47 and 48: Operating environment Drivers of in
Page 49 and 50: Points of engagement Traditional ap
Page 51 and 52: The total value of loans disbursed
Page 53 and 54: Value of approvals per sector, 2010
Page 55 and 56: projects to upgrade and expand exis
Page 57 and 58: infrastructure master plan for the
Page 59 and 60: entails a win-win partnership with
Page 61 and 62: Similarly, the m6 million Project P
Page 63 and 64: esponsive economic infrastructure n
Page 65 and 66:
and Growth Network”. The conferen
Page 67 and 68:
The Board reports on performance an
Page 69 and 70:
DBSA decision-making structure Boar
Page 71 and 72:
Directors’ remuneration policy Th
Page 73 and 74:
In addition to building internal ca
Page 75 and 76:
The DBSA’s enterprise-wide risk m
Page 77 and 78:
• Non-compliance with applicable
Page 79 and 80:
Annual financial statements Content
Page 81 and 82:
Report of the Audit Committee for t
Page 83 and 84:
Report on other legal and regulator
Page 85 and 86:
Performance information Balanced Sc
Page 87 and 88:
Balanced Scorecard perspective: Sus
Page 89 and 90:
Name Position Period During the yea
Page 91 and 92:
Income statement for the year ended
Page 93 and 94:
Hedging reserve Reserve for general
Page 95 and 96:
Accounting policies for the year en
Page 97 and 98:
Held-to-maturity financial assets H
Page 99 and 100:
A hedging relationship exists where
Page 101 and 102:
Reversals of impairment An impairme
Page 103 and 104:
1.7 Share capital and reserves 1.7.
Page 105 and 106:
The valuation techniques in (b) and
Page 107 and 108:
1.13.4 Short-term employee benefits
Page 109 and 110:
Notes to the annual financial state
Page 111 and 112:
Investment Banking Treasury Reconci
Page 113 and 114:
4. Financial liabilities by categor
Page 115 and 116:
in thousands of rand 2011 Restated
Page 117 and 118:
Page 119 and 120:
in thousands of rand 2011 18. Inves
Page 121 and 122:
in thousands of rand 2011 22. Home
Page 123 and 124:
24. Fair value hierarchy disclosure
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Valuations Land The land constitute
Page 131 and 132:
Page 133 and 134:
in thousands of rand 2011 33. Share
Page 135 and 136:
40. Related parties The DBSA is one
Page 137 and 138:
Total 2011 R* 2010 Performance ince
Page 139 and 140:
45. Non-current assets held-for-sal
Page 141 and 142:
1-2 years 2-3 years 3-4 years 4-5 y
Page 143 and 144:
Foreign currency exchange rate (FX)
Page 145 and 146:
1-2 years 2-3 years 3-4 years 4-5 y
Page 147 and 148:
The DBSA has structured the respons
Page 149 and 150:
Note that the contractual liquidity
Page 151 and 152:
(b) Other receivables in thousands
Page 153 and 154:
For the purposes of calulating this
Page 155 and 156:
BACKLOGS Implementer DEVELOPMENT FU
Page 157 and 158:
FINANCIAL OVERVIEW What is the DBSA
Page 159 and 160:
the Department of Rural Development
Page 161 and 162:
“The Fund’s targeted programmes
Page 163 and 164:
6. Mr AnDREw BORAIne (52) Chief Exe
Page 166 and 167:
Managing Director’s report The So
Page 168 and 169:
Managing Director’s report contin
Page 170 and 171:
Divisional executive management 1.
Page 172 and 173:
Operations overview The DBSA Develo
Page 174 and 175:
Operations overview continued Measu
Page 176 and 177:
Operations overview continued Numbe
Page 178 and 179:
Operations overview continued Finan
Page 180 and 181:
Operations overview continued The D
Page 182 and 183:
Operations overview continued Agenc
Page 184 and 185:
Operations overview continued Infra
Page 186 and 187:
Operations overview continued • I
Page 188 and 189:
Operations overview continued Coast
Page 190 and 191:
Operations overview continued Integ
Page 192 and 193:
Operations overview continued Ngang
Page 194 and 195:
Operations overview continued Devel
Page 196 and 197:
Operations overview continued As a
Page 198 and 199:
Corporate governance The DBSA Devel
Page 200 and 201:
Risk management The DBSA Developmen
Page 202 and 203:
FINANCIAL OVERVIEW Annual financial
Page 204 and 205:
Report of the Audit Committee for t
Page 206 and 207:
Directors’ report for the year en
Page 208 and 209:
Directors’ GOVERNOR‘S report FO
Page 210 and 211:
Directors’ report continued for t
Page 212 and 213:
Directors’ report continued for t
Page 214 and 215:
Statement of financial position as
Page 216 and 217:
Statement of changes in funding res
Page 218 and 219:
Accounting policies for the year en
Page 220 and 221:
Page 222 and 223:
Page 224 and 225:
Page 226 and 227:
The goal of sustainable development
Page 228 and 229:
Keiskammahoek
Page 230 and 231:
Sustainability report continued (GR
Page 232 and 233:
Sustainability report continued Gov
Page 234 and 235:
Sustainability report continued The
Page 236 and 237:
Sustainability report continued Eco
Page 238 and 239:
Sustainability report continued Pro
Page 240 and 241:
234 Notes
Page 242:
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