1 DEVELOPMENT BANK OF SOUTHERN AFRICA 2004 Annual Report Launch MSV GANTSHO CEO AND Managing Director “ 21 years old, 10 years of freedom and democracy. . The tide has turned”
1 Development Impact Approved development projects with a total monetary value of R 87 billion, with a financial contribution by the DBSA of R 32 billion q GDP = R 17. 7 q Employment = 92 000 jobs q Households impacted : 4. 03 mil q
Financial Sustainability 1 Credit ratings q Fitch: AAA – domestic rating q Moody’s: Baa 2 – international rating q Standard and Poor’s: BBB – international rating q q Capital adequacy Ø Ø Ø Debt/Equity ratio 105. 9% Basle Accord minimum requirement is 8% the SA Reserve bank is 10% DBSA is 50%
1 Human Capital And Knowledge Management q Most valuable asset q A key differentiator from commercial banks q Add value to financial strength q Ensures a people-focused development
Strong And Smart Partnerships 1 q Vision 2004 : “ To be a leading change agent for socioeconomic development in SADC” q DBSA is a partner of choice Ø Ø q Financial co-operation Knowledge sharing Training Staff exchange Managing 22 Agency programmes for Gov, DFIs, NGOs, Labour, Civil society
1 Strong And Smart Partnerships q 70% of municipalities are clients q DBSA has financed projects in 10 countries other than South Africa - reaching out as far as Tanzania, Angola and Zambia q Funding relationships exist with 5 entities (NIB, Af. D, EIB, and Kf. W)
1 Municipal ICT q Multipurpose PPP project q Placement and training IT graduates in rural municipalities q 40 Students already trained and placed country wide
1 Thabachweu Municipality Bourke’s Luck q Conversion of the Bourke’s Luck military base to a MPCC q Tourism and conservation spin-offs q Mobilised other players: R 4 million q Development Fund contribution R 500 100
1 Makana Municipality q Development Fund funding for development of strategic human Resource and performance management system q As a result the municipality was rated in the Top Ten Municipality by the VUNA municipal excellence awards q Development Fund contribution R 191 250
CAPACITY BUILDING 1 q Use of knowledge to build sustainable capacity q To seek innovative solutions q Vulindlela training academy A nerve centre for e-learning Ø To collaborate with training institutions and institutions of higher education and learning Ø LGNet virtual private network connecting municipalities to the LGRC web based portal q Development fund recapitalised by R 300 mil q Ø R 41 mill disbursed
CAPACITY BUILDING PROGRAMMES 1 q Municipal ICT Graduate Internship Programme q Thabanchu Municipality (Bourke’s Luck Feasibility Study) Mpumalanga q Makana Municipality (Integrated Performance management system) Eastern Cape
REDUCTION OF INFRASTRUCTURE BACK LOCKS 1 q Households with access to basic levels of services have increased Electricity Water Sanitation 1996 57. 7% 79. 8% 82. 5% 2001 70. 4% 85. 0% 82. 7% Refuse Telephones 56. 6% 75. 2% 59. 0% 90. 6% DBSA is ready to re-double it’s contribution to the elimination of remaining backlogs q Vision 2014 is: A region free of poverty, inequity and dependency q
1 DEVELOPMENT BANK OF SOUTHERN AFRICA ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2004 Annual Report Launch 5 August 2004
HIGHLIGHTS OF 2004 1 q Full implementation of AC 133 Ø q Comparatives not restated – impact on opening accumulated surplus (R 402 million) Revaluation of land buildings Value of land unchanged on R 18, 8 million Ø Resulting increase in revaluation reserve on building of R 9, 7 million Ø q Change in basis of actuarial valuation of the Post Retirement Medical Benefit provision Ø Increase in the liability of R 39 million
1 FINANCIAL PERFORMANCE 2003/04 2002/03 Movement Gross interest income R 2, 53 bn R 2, 28 bn 11, 0% Operating income R 1, 45 bn R 1, 65 bn 12, 1% (excl. unrealised profits/losses) (R 1, 53 bn) (R 1, 35 bn) ( 13, 3%) Movement in impairments – net write-back R 69, 9 m R 38, 7 m 80, 6% Operating expenses R 382, 3 m R 286, 9 m 33, 3% (as % of operating income) (26, 4%) (17, 4%) Surplus from operations R 1, 063 bn R 1, 364 bn 22% (excl. unrealised profits/losses) (R 1, 147 bn) (R 1, 059 bn) ( 8, 3%) Grant to Development Fund R 300 m R 80 m 275% Surplus for the year R 763 m R 1, 28 bn 40, 4%
1 The financial results and financial position indicate continued financial sustainability in the foreseeable future… THANK YOU
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