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DEVELOPMENT BANK OF SOUTH AFRICA - DBSA BOARD ANNOUNCES NEW CEO

Release Date: 31/07/2012 16:30
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DBSA BOARD ANNOUNCES NEW CEO

Development Bank of Southern Africa (DBSA)

Company registration no: 16/000157/00



DBSA BOARD APPOINTS NEW CEO



The New DBSA CEO, Mr. Patrick Dlamini

The Board of the Development Bank of Southern Africa (DBSA) is
pleased to announce the appointment of Mr. Patrick Dlamini, as
the Chief Executive Officer of the Bank. Mr. Dlamini will take
over the reigns from the Acting-Chief Executive Officer, Mr. TP
Nchocho in September 2012, following the resignation of Mr. Paul
Baloyi in April 2012.

Prior joining the DBSA, Mr. Dlamini held several senior
management positions, including the Chief Executive Officer
position at the Air Traffic and Navigation Service (ATNS), an
Executive Vice President position at SAA Cargo, and a Business
Unit Executive position at Transnet Limited. During his tenure
at ATNS, he spearheaded a turned around strategy that
transformed it (ATNS) from a state which was technically
insolvent to a sound profitable position. Under his leadership,
the ATNS became an efficient and a world-class service provider
in the Aviation industry.

Mr. Dlamini holds a Bachelor of Commerce degree from the
University of Westville and an Advanced Specialist Financial
Management Programme from the Natal Technicon. He has also
completed an Executive Development Programme and an Advanced
Executive Programme through the Wits Business School and the
Kelloggs School of Management, respectively. He is about to
complete his Masters of Business Administration (MBA) degree
through the University of Wales.

The DBSA Board under the chairmanship of Mr. Jabu Moleketi
thanked Mr. Nchocho for a sterling work during his tenure and
wished Mr. Dlamini good luck in his new position.
For further enquiries contact: Ms Sinazo Sibisi,
Group Executive: Strategy, Marketing and Communication
Tel: 011 313 3656


Date: 31 July 2012

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