Development Bank of Southern Africa more than doubles profits

The Development Bank of Southern Africa more than doubled its profits in 2022 because of growth in net interest income from lending, stabilised credit losses, more cash collections and repayments from development loans.

Net profit is up 168% to R3.8bn for the year to end-March for the finance institution, which is one of the shining lights in the failing state-owned enterprise landscape...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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