DBSA posts record profit, boosts collections, and improves school sanitation

By Thebe Mabanga

The Development Bank of Southern Africa (DBSA) has posted record financial results, reporting higher profits, improved loan collections, and expanded infrastructure support for municipalities and schools.

The results, for the year ending March, were released on Wednesday.

Despite what it described as a challenging domestic and global environment, the state-owned financier delivered a record net profit of R5.3 billion, up 14.4% from R4.6 billion last year.

Net interest income rose 8.6% to R8.4 billion, while operating income increased 12.3% to R8.8 billion. Sustainable earnings grew 13.7% to R5.1 billion.

The DBSA also maintained strong asset quality, with net non-performing loans at just 1.2% of total development loans and bonds of R114.6 billion, down by 0.5% from last year.

Global conditions weighed on performance, with supply chains disrupted by US trade tariffs, conflicts in Europe and the Middle East, and tighter financial markets.

Domestically, easing load-shedding and structural