Another state-owned entity reports profit: Here’s how many schools DBSA built
DBSA has cautioned that the Middle East conflict threatens growth.
In the 2026 financial year, the Development Bank of South Africa (DBSA) reported a significant 47% increase in net profit, rising to R7.8 billion from R5.3 billion in the previous year. Despite this positive financial performance, the SOE cautioned that the ongoing conflict in the Middle East could hinder future growth. DBSA's primary focus remains on accelerating sustainable socio-economic development and enhancing quality of life through infrastructure funding in South Africa, the Southern African Development Community (SADC) region, and beyond.
The bank has successfully completed numerous projects, with schools among them. In 2026, DBSA contributed to the funding of 25 newly constructed schools and 23 refurbished ones, benefiting 25,000 pupils in total. Additionally, the bank facilitated 19,963 temporary and permanent jobs. Despite the challenging economic environment, DBSA remains committed to sustainable development outcomes and strategic partnerships, emphasizing the resilience of its balance sheet and its role in infrastructure development.
Written by urgent.news from The Citizen's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
