BIDBS - Development Bank of Southern Africa Limited - Resignation of DBSA Chief

BIDBS - Development Bank of Southern Africa Limited - Resignation of DBSA Chief 
Executive Officer                                                               
Development Bank of Southern Africa Limited                                     
(Incorporated in the Republic of South Africa in terms of the                   
Development Bank of Southern Africa Act, No. 13 of 1997)                        
Company code: BIDBS                                                             
("DBSA")                                                                        
SENS Announcement: RESIGNATION OF DBSA CHIEF EXECUTIVE OFFICER                  
The DBSA Board regretfully announces the resignation of Mr Paul Baloyi, the     
Chief Executive of the Development Bank of Southern Africa. Mr Baloyi will be   
leaving the DBSA to pursue personal interests. Mr Baloyi joined the Bank in 2006
and, under his stewardship, the DBSA has seen significant improvements in its   
operations as well as a major expansion in the Bank`s scope of activities, thus 
enhancing the DBSA`s developmental effectiveness and standing as a leading      
development finance institution. Mr Baloyi`s resignation will take effect as of 
31st March 2012, where-after he will hand-over to Mr TP Nchocho, Group          
Executive: Investment Banking, who has been appointed as Acting Chief Executive 
Officer as from 1st April 2012.  However, in order to facilitate a smooth hand- 
over, Mr Baloyi will continue to provide whatever support the Acting Chief      
Executive Officer may require, during April.                                    
The Board would like to express its deep appreciation for the contribution of Mr
Baloyi to the DBSA and wishes him well in his future endeavours.                
Further Enquiry Ms Sinazo Sibisi,                                               
Group Executive: Strategy, Marketing and Communications.                        
Tel: 011 313 3656.                                                              
12 March 2012                                                                   
Date: 12/03/2012 15:59:06 Supplied by www.sharenet.co.za                     
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