Tuesday, October 9, 2012

Energy features strongly in 2012 DBSA disbursements

The Development Bank of Southern Africa (DBSA) on Monday reported disbursements of R8.1-billion in the financial year ended March 2012 and said it had committed to projects worth R8.4-billion.

The energy sector accounted for 44.4% of South Africa’s 61% portion of the DBSA’s total disbursements, followed by entrepreneurial and manufacturing accounting for 25.6% and communication for 11.6%.

The bank’s disbursements dropped slightly from R8.3-billion in 2010/11.

The DBSA also said it approved R27.5-billion in infrastructure projects – 86% of which were South Africa-based projects.

Of the 47 preferred bidders named under South Africa’s Renewable Energy Independent Power Producer Programme, the DBSA approved funding for the !Ka Xu Solar One, the Bokpoort concentrated solar power, the Jeffreys Bay wind farm, the Kalahari Solar One, the De Aar Solar and Droogfontein Solar projects.

The DBSA said the total funding approved had the potential to create over 102 600 employment opportunities in Africa, of which 72 700 could be created in South Africa.

The DBSA’s own disbursements would create an estimated 33 000 employment opportunities, of which 21 200 would be in South Africa. This is down from the 2010/11 figure of 22 200.

The total funding approved had the potential impact of R24-billion on gross domestic product, of which R15.9-billion would be in South Africa.

The DBSA’s disbursements would create additional total household income of R2.9-billion in South Africa, of which R500-million would accrue to low-income households.

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