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DBSA board committee changes and appointment of deputy chair
Development Bank of Southern Africa Limited
Registration number: 1600157FN
JSE alpha code: DIDBS
(“DBSA or “the Bank”)
DBSA BOARD COMMITTEE CHANGES AND APPOINTMENT OF DEPUTY CHAIR
AGM related appointments
Following previous announcements in relation to the appointment of new directors, noteholders are
further advised that following the annual general meeting of DBSA held on 6 November 2020 (“AGM”),
the following new board members (Mr. Gaby Magomola and Mr. Bongani Nqwababa) have been
appointed as members of the Board Audit and Risk Committee with immediate effect. There are no
other changes to the membership and chairpersonship of the Audit and Risk Committee.
Non-AGM related appointments
Prior to the appointments to the Audit and Risk Committee at the AGM, the following appointments
were made to other Committees of the Board with effect from 5 November 2020:
a. Board Credit and Investment Committee
Mr. Petrus Matji, Mr. Gaby Magomola and Mr. Bongani Nqwababa have been appointed as new
members to the Board Credit and Investment Committee. There are no other changes to the
membership and chairpersonship of the Board Credit and Investment Committee.
b. Infrastructure Delivery and Knowledge Management Committee (“IDKC”)
Mr. Petrus Matji has been appointed as a new member to the IDKC. There are no other changes
to the membership and chairpersonship of the IDKC.
c. Human Resources and Remuneration Committee
The Human Resources and Nomination Committee has been renamed to the Human Resources
and Remuneration Committee. Advocate Maseapo Kganedi has been appointed as a new member
of the Human Resources and Remuneration Committee. There are no other changes to the
membership and chairpersonship of the Human Resources and Remuneration Committee.
d. Social and Ethics Committee
Advocate Maseapo Kganedi has been appointed as a new member to the Social and Ethics
Committee. There are no other changes to the members and chairpersonship of the Social and
Ethics Committee.
e. NOMINATION COMMITTEE
A new Nomination Committee has been established comprising of the Board Chair, Deputy Chair
and Chair of Human Resources and Remuneration Committee. The establishment of a separate
Nomination Committee is in line with best practice and the King IV Report on Corporate
Governance. This means that the nominations and directors affairs processes have been
separated and taken out of the previous Human Resources and Nomination Committee. The Board
Chairperson chairs the Nomination Committee.
f. Board Deputy Chair appointment
Professor Mark Swilling has been appointed as DBSA Board Deputy Chair.
The Board remains properly constituted in terms of the DBSA Act (13 of 1997, as amended) and
can continue to perform and exercise its fiduciary obligations effectively. These allocations are
imperative in driving the strategy of the Bank and the new members bring on board necessary
skills and extensive experience in various areas of leadership, banking, credit, infrastructure
funding, legal and business.The DBSA company secretary may be contacted at bathobiles@dbsa.org
11 November 2020
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank.
Date: 11-11-2020 03:40:00
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