South African state-owned bank sees profit soar to R7.8bn

African Insider | 14.09.2026 19:00
Johannesburg – The Development Bank of Southern Africa (DBSA) has recorded a sharp increase in profitability, with net profit surging 47% to a record R7.8 billion for the financial year ended 31 March 2026, as the state-owned development financier expands its infrastructure investment across South Africa and the rest of the continent.