Development Bank of Southern Africa Amendment Act
This section amends Section 1 by adding new definitions for authorised share capital, callable capital, and Companies Act.
AI-assisted research synopsis — verify against the official legal text below.
- Jurisdiction
- South Africa
- Instrument
- Act or statute
- Citation
- Act 41 of 2014
- Version
- Undated source snapshot
- Language
- en
- Updated
- Official source
- View official record ↗
Statute overview
About this statute
This section amends Section 1 by adding new definitions for authorised share capital, callable capital, and Companies Act. This provision amends section 1 by inserting and replacing several definitions. Section 2 of the principal Act is amended by deleting subsection (2). The Bank may operate in the listed region and must submit an annual plan to the Minister for activities in certain countries; the Minister must approve that plan and may amend it after consulting the Bank. Directors must be appointed based on ability and experience in specified development, finance, banking, and administration areas.
Search within this statute
Search all stored provisions in this version.
Legal text
Provisions of Development Bank of Southern Africa Amendment Act
Showing 22 of 22
- 1 Verify source ↗
Section 1 of the Development Bank of Southern Africa Act, 1997 (hereinafter
AI-assisted research summary: This section amends Section 1 by adding new definitions for authorised share capital, callable capital, and Companies Act.
1. Section 1 of the Development Bank of Southern Africa Act, 1997 (hereinafter referred to as the principal Act), is hereby amended— (a) by the insertion before the definition of ‘‘Bank’’ of the following definition: ‘‘ ‘authorised share capital’ means the maximum amount of capital which the Bank is authorised to raise in terms of section 13(1);’’; (b) by the insertion after the definition of ‘‘board’’ of the following definitions: ‘‘ ‘callable capital’ means the authorised share capital less the issued share capital; ‘Companies Act’ means the Companies Act, 2008 (Act No. 71 of 2008);’’; 5 10 STAATSKOERANT, 20 Januarie 2015 Wysigingswet op die Ontwikkelingsbank van Suider-Afrika, 2014 No. 38403 3 Wet No 41 of 2014 ALGEMENE VERDUIDELIKENDE NOTA: [ ] Woorde in vet druk in vierkantige hakies dui skrappings uit bestaande verordenings aan. Woorde met bestaande verordenings aan. ’n volstreep daaronder, dui invoegings in (Engelse teks deur die President geteken) (Goedgekeur op 16 Januarie 2015) WET Tot wysiging van die Wet op die Ontwikkelingsbank van Suider-Afrika, 1997, ten einde sekere uitdrukkings te omskryf en ’n omskrywing te wysig; ’n uitgediende bepaling te skrap; opnuut voorsiening te maak vir die streke waarin die Bank werksaam mag wees; die gemagtigde aandelekapitaal van die Bank te verhoog; ’n bepaling in ooreenstemming met die terminologie in die Maatskappywet, 2008, te bring; die gronde vir aanstelling as ’n direkteur in die raad van die Bank te wysig; die bepalings aangaande die uitreik van sertifikate vir uitgereikte aandele te wysig; die Minister in staat te stel om die gemagtigde aandelekapitaal te verhoog; die aandeelhouers se goedkeuring te vereis vir inskrywing deur die aandeelhouers tot enige gedeelte van die balans van die gemagtigde aandelekapitaal op versoek van die raad; die Minister se bevoegdheid om regulasies uit te vaardig, te wysig deur die inleidingsbepaling te wysig, die Minister te magtig om die gebruik van opvraagbare kapitaal van die Bank te reël om die hefboomverhouding van die Bank te bereken, die bepaling wat die Minister magtig om die streek te bepaal waarin die Bank werksaam mag wees te skrap en deur die algemene bevoegdheid om regulasies uit te vaardig te beperk om te verseker dat dit grondwetlik is; die bepaling wat die toepassing van enige bepaling van die Maatskappywet, 2008, die Bankwet, 1990, en enige ander gepaste wetgewing op die Bank moontlik maak, aan te pas; die Aanhef te wysig; en om voorsiening te maak vir aangeleenthede wat daarmee in verband staan. DAAR WORD BEPAAL deur die Parlement van die Republiek van Suid-Afrika, soos volg:— Wysiging van artikel 1 van Wet 13 van 1997 - 1 Verify source ↗
Artikel 1 van die Wet op die Ontwikkelingsbank van Suider-Afrika, 1997 (hierna
AI-assisted research summary: This provision amends section 1 by inserting and replacing several definitions.
1. Artikel 1 van die Wet op die Ontwikkelingsbank van Suider-Afrika, 1997 (hierna die Hoofwet genoem), word hierby gewysig— 5 (a) deur die volgende omskrywing na die omskrywing van ‘‘effektiewe datum’’ in te voeg: ‘‘ ‘gemagtigde aandelekapitaal’ die maksimum bedrag van kapitaal wat die Bank gemagtig is om ingevolge artikel 13(1) op te neem;’’; (b) deur die volgende omskrywing na die omskrywing van ‘‘institusionele 10 aandeelhouers’’ in te voeg: ‘‘ ‘Maatskappywet’ die Maatskappywet, 2008 (Wet No. 71 van 2008);’’; 4 No. 38403 Act No. 41 of 2014 GOVERNMENT GAZETTE, 20 January 2015 Development Bank of Southern Africa Amendment Act, 2014 4 (c) by the insertion after the definition of ‘‘institutional shareholders’’ of the following definition: ‘‘ ‘issued share capital’ means the portion of the authorised share capital which the Bank has issued;’’; and (d) by the substitution for the definition of ‘‘region’’ of the following definition: ‘‘ ‘region’ means [the national territory of the Republic of South Africa and the national territories of the countries as determined by regulation] the region contemplated in section 2A;’’. 5 Amendment of section 2 of Act 13 of 1997 - 2 Verify source ↗
Section 2 of the principal Act is hereby amended by the deletion of subsection (2).
AI-assisted research summary: Section 2 of the principal Act is amended by deleting subsection (2).
2. Section 2 of the principal Act is hereby amended by the deletion of subsection (2). 10 Insertion of section 2A in Act 13 of 1997 - 3 Verify source ↗
The following section is hereby inserted in the principal Act after section 2:
AI-assisted research summary: The Bank may operate in the listed region and must submit an annual plan to the Minister for activities in certain countries; the Minister must approve that plan and may amend it after consulting the Bank.
3. The following section is hereby inserted in the principal Act after section 2: ‘‘Countries of operation of Bank 2A. (1) The Bank may promote the attainment of its objects referred to in section 3, and performs its powers referred to in section 4, in the region consisting of— (a) (b) the national territory of the Republic of South Africa; the national territories of the countries which are member states of the Southern African Development Community; and the national territory of such other country on the African continent or an oceanic island on the African continent as the Minister may determine by regulation, subject to subsection (2). (c) (2) (a) The Minister must approve an annual plan for the activities of the Bank in a national territory of a country contemplated in subsection (1)(c). (b) The Bank must submit the annual plan to the Minister in the form and on the date determined by the Minister. (c) The Minister may amend the approved annual plan, if necessary, after consultation with the Bank.’’. 15 20 25 Amendment of section 7 of Act 13 of 1997 - 4 Verify source ↗
Section 7 of the principal Act is hereby amended by the substitution for subsection
AI-assisted research summary: Directors must be appointed based on ability and experience in specified development, finance, banking, and administration areas.
4. Section 7 of the principal Act is hereby amended by the substitution for subsection 30 (3) of the following subsection: ‘‘(3) Directors shall be appointed on the grounds of their ability and experience in relation to socio-economic development, development finance, business, fi- nance, banking and administration, including in any sphere of government.’’. Amendment of section 8 of Act 13 of 1997 35 - 5 Verify source ↗
Section 8 of the principal Act is hereby amended by the substitution for paragraph
AI-assisted research summary: Section 8 is amended so paragraph (a) states that a person who is ineligible or disqualified may not act as a company board director.
5. Section 8 of the principal Act is hereby amended by the substitution for paragraph (a) of the following paragraph: ‘‘(a) is ineligible or disqualified to act as a director of a board of a company [incorporated] as defined in [terms] section 1 of the Companies Act [, 1973 (Act No. 61 of 1973)];’’. 40 Amendment of section 13 of Act 13 of 1997 - 6 Verify source ↗
Section 13 of the principal Act is hereby amended—
AI-assisted research summary: This section amends section 13 of the principal Act to set the Bank’s authorised share capital at twenty billion and two hundred million rand, subject to subsections (2A) and (5), and to add or replace several definitions.
6. Section 13 of the principal Act is hereby amended— (a) by the substitution for subsection (1) of the following subsection: ‘‘(1) Subject to [the provisions of subsection] subsections (2A) and (5), the authorised share capital of the Bank shall be the amount of [five thousand million] twenty billion and two hundred million rand which 45 STAATSKOERANT, 20 Januarie 2015 Wysigingswet op die Ontwikkelingsbank van Suider-Afrika, 2014 No. 38403 5 Wet No 41 of 2014 5 (c) deur die volgende omskrywing na die omskrywing van ‘‘OBSA (1983)’’ in te voeg: ‘‘ ‘opvraagbare kapitaal’ die gemagtigde aandelekapitaal minus die uitgereikte aandelekapitaal;’’; (d) deur die omskrywing van ‘‘streek’’ deur die volgende omskrywing te vervang: ‘‘ ‘streek’ [die nasionale gebied van die Republiek van Suid-Afrika en die nasionale gebiede van die lande by regulasie bepaal] die streek in artikel 2A beoog;’’; en (e) deur die volgende omskrywing na die omskrywing van ‘‘streek’’ in te voeg: ‘‘ ‘uitgereikte aandelekapitaal’ die gedeelte van die gemagtigde aandelekapitaal wat die Bank uitgereik het;’’. 5 10 Wysiging van artikel 2 van Wet 13 van 1997 - 2 Verify source ↗
Artikel 2 van die Hoofwet word hierby gewysig deur subartikel (2) te skrap.
AI-assisted research summary: This provision amends Article 2 of the principal Act by deleting subsection (2), and it inserts a new section 2A in Act 13 of 1997.
2. Artikel 2 van die Hoofwet word hierby gewysig deur subartikel (2) te skrap. Invoeging van artikel 2A in Wet 13 van 1997 - 3 Verify source ↗
Die volgende artikel word hierby na artikel 2 in die Hoofwet ingevoeg:
AI-assisted research summary: The Bank may operate in specified African-region territories, and the Minister must approve the Bank’s yearly plan for activities in a territory covered by subarticle (1)(c).
3. Die volgende artikel word hierby na artikel 2 in die Hoofwet ingevoeg: 15 ‘‘Lande waarin Bank werksaam is 2A. (1) Die Bank kan die bereiking van sy oogmerke in artikel 3 bedoel, bevorder en sy bevoegdhede in artikel 4 beoog, uitoefen in die streek bestaande uit— (a) die nasionale gebied van die Republiek van Suid-Afrika; (b) die nasionale gebiede van die lande wat lidlande van die Suider- Afrikaanse Ontwikkelingsgemeenskap is; en (c) die nasionale gebied van sodanige ander land op die Afrika-kontinent of ’n oseaaneiland van die Afrika-kontinent soos die Minister by regulasie, behoudens subartikel (2), bepaal. (2) (a) Die Minister moet ’n jaarplan vir die aktiwiteite van die Bank in ’n nasionale gebied in subartikel (1)(c) beoog, goedkeur. (b) Die Bank moet die jaarplan aan die Minister voorlê in die vorm en op 20 25 die datum deur die Minister bepaal. (c) Die Minister kan die goedgekeurde jaarplan, indien nodig, na oorleg 30 met die Bank wysig.’’. Wysiging van artikel 7 van Wet 13 van 1997 - 4 Verify source ↗
Artikel 7 van die Hoofwet word hierby gewysig deur subartikel (3) deur die
AI-assisted research summary: The provision replaces a rule so that directors must be appointed based on competence and experience in specified fields.
4. Artikel 7 van die Hoofwet word hierby gewysig deur subartikel (3) deur die volgende subartikel te vervang: ‘‘(3) Direkteure moet aangestel word op grond van hul bekwaamheid en ondervinding met betrekking tot sosio-ekonomiese ontwikkeling, ontwikkelings- finansies, besigheid, geldsake, bankwese en administrasie, met inbegrip van enige regeringsfeer.’’. 35 Wysiging van artikel 8 van Wet 13 van 1997 - 5 Verify source ↗
Artikel 8 van die Hoofwet word hierby gewysig deur paragraaf (a) deur die
AI-assisted research summary: This provision amends Article 8 by replacing paragraph (a) with wording about being unsuitable or incapable of serving as a director of a company board.
5. Artikel 8 van die Hoofwet word hierby gewysig deur paragraaf (a) deur die 40 volgende paragraaf te vervang: ‘‘(a) ongeskik of onbevoeg is om ’n direkteur van ’n raad van ’n maatskappy, [ingelyf ingevolge] soos in artikel 1 van die Maatskappywet [, 1973 (Wet No. 61 van 1973),] omskryf, te wees;’’. Wysiging van artikel 13 van Wet 13 van 1997 45 - 6 Verify source ↗
Artikel 13 van die Hoofwet word hierby gewysig—
AI-assisted research summary: This provision changes the Bank’s authorised share capital, lets the Minister adjust it by Gazette notice after consulting the board, and lets the board increase issued share capital with shareholder approval.
6. Artikel 13 van die Hoofwet word hierby gewysig— (a) deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) Onderworpe aan [die bepalings van subartikel] subartikels (2A) en (5) is die gemagtigde aandelekapitaal van die Bank die bedrag van [vyfduisendmiljoen] twintig miljard en tweehonderdmiljoen rand wat 50 6 No. 38403 Act No. 41 of 2014 GOVERNMENT GAZETTE, 20 January 2015 Development Bank of Southern Africa Amendment Act, 2014 6 shall be divided into [five hundred thousand] two million and twenty thousand ordinary shares [having a par value of ten thousand rand each].’’; (b) by the substitution for subsection (2) of the following subsections: ‘‘(2) Certificates in respect of the shares referred to in subsection (1) shall be issued as determined in the regulations to the Government of the Republic of South Africa as consideration for paid-up share capital and new certificates shall replace any certificates previously issued. ‘‘(2A) The Minister may, after consultation with the board and by notice in the Gazette, adjust the amount of the authorised share capital of the Bank and the number of ordinary shares.’’. (c) by the substitution for subsection (3) of the following subsection: ‘‘(3) The shareholders shall subscribe to any portion of the balance of the authorised share capital [when] if— (a) (b) approved at a meeting of shareholders.’’; and (d) by the substitution for subsection (5) of the following subsection: requested to do so by the board as provided in the regulations; and ‘‘(5) The board may from time to time, with the approval of the shareholders previously given at a meeting of shareholders, increase the issued share capital of the Bank to such extent as it may deem expedient, by the creation and issue of ordinary or preference shares, or shares of such other class as it may determine, which shares may be issued upon including such terms and conditions as the board may determine, conditions as to the voting rights which may be exercised by the holders thereof, in the case of preference shares, or that the holders thereof shall not be entitled to vote.’’. Substitution of section 17 of Act 13 of 1997 - 7 Verify source ↗
The following section is hereby substituted for section 17 of the principal Act:
AI-assisted research summary: The Minister must make required regulations, and may make additional regulations on listed bank-governance matters. Shareholders must subscribe remaining authorised share capital if the board requests it and shareholders approve. The board may increase issued share capital with shareholder approval.
7. The following section is hereby substituted for section 17 of the principal Act: ‘‘Regulations 17. (1) The Minister must make the regulations required by the Act. (2) The Minister may, on his or her own initiative or at the request of the shareholders or the board, make the regulations [as to] permitted by the Act and regulations regarding— (a) (b) the election of directors; the conditions of appointment of directors and the circumstances in which a director shall vacate the office of director; (c) meetings of the board and the procedure thereat, including the minutes (d) (e) (f) to be kept of such meetings; the taking of decisions by shareholders and directors without holding a meeting; the meetings of shareholders, the matters to be dealt with and the procedures to be followed thereat, including the minutes to be kept thereof; the annual submission of a balance sheet and accounts to a meeting of shareholders; the appointment of officers of the Bank; (g) [(h) the determination of the national territories which constitute the region] (hA) the use of callable capital of the Bank to calculate its leverage ratio; (i) and [such other matters as are necessary or useful to be prescribed for the achievement of the objectives of] any ancillary or incidental administrative or procedural matter that is necessary to prescribe for the proper implementation or administration of this Act.’’. 5 10 15 20 25 30 35 40 45 50 STAATSKOERANT, 20 Januarie 2015 Wysigingswet op die Ontwikkelingsbank van Suider-Afrika, 2014 No. 38403 7 Wet No 41 of 2014 7 verdeel word in [vyfhonderdduisend] twee miljoen en twintigduisend gewone aandele [met ’n pariwaarde van tienduisend rand elk].’’; (b) deur subartikel (2) deur die volgende subartikels te vervang: ‘‘(2) Sertifikate ten opsigte van die aandele in subartikel (1) bedoel word aan die Regering van die Republiek van Suid-Afrika uitgereik soos in die regulasies bepaal as teenprestasie vir opbetaalde aandelekapitaal en nuwe sertifikate vervang enige sertifikate wat voorheen uitgereik is. (2A) Die Minister kan, na oorleg met die raad en by kennisgewing in die Staatskoerant, die bedrag van die gemagtigde aandelekapitaal van die Bank en die getal gewone aandele, verhoog.’’; (c) deur subartikel (3) deur die volgende subartikel te vervang: ‘‘(3) Die aandeelhouers moet enige gedeelte van die balans van die gemagtigde aandelekapitaal inskryf [wanneer] indien— (a) hulle deur die raad, soos in die regulasies bepaal, daartoe versoek word; en ’n vergadering van aandeelhouers dit goedgekeur het.’’; en (b) (d) deur subartikel (5) deur die volgende subartikel te vervang: ‘‘(5) Die raad kan van tyd tot tyd, met die goedkeuring van die aandeelhouers vooraf verleen op ’n vergadering van aandeelhouers, die uitgereikte aandelekapitaal van die Bank in die mate wat hy goedvind, verhoog deur die skepping en uitreiking van gewone of preferente aandele of aandele van sodanige ander klas wat hy bepaal, welke aandele uitgereik kan word op die bedinge en voorwaardes wat die raad bepaal, met inbegrip van voorwaardes met betrekking tot die stemregte wat uitgeoefen kan word deur die houers daarvan, in die geval van preferente aandele, of dat die houers daarvan nie geregtig sal wees om te stem nie.’’. Vervanging van artikel 17 van Wet 13 van 1997 - 7 Verify source ↗
Artikel 17 van die Hoofwet word hierby deur die volgende artikel vervang:
AI-assisted research summary: The Minister must make the regulations required by the Act, and may also make regulations allowed by the Act on specified corporate governance and administrative matters.
7. Artikel 17 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Regulasies 17. (1) Die Minister moet die regulasies deur die Wet vereis, uitvaardig. (2) Die Minister kan, uit eie beweging of op versoek van die aandeelhouers of die raad, regulasies uitvaardig deur die Wet toegelaat en betreffende— (a) die verkiesing van direkteure; (b) die aanstellingsvoorwaardes van direkteure en die omstandighede waaronder ’n direkteur die amp van direkteur moet ontruim; (c) vergaderings van die raad en die prosedure daarby, met inbegrip van die notule wat van daardie vergaderings gehou moet word; (d) die neem van besluite deur aandeelhouers en direkteure sonder dat ’n vergadering gehou word; (e) die vergaderings van aandeelhouers, die aangeleenthede wat daarop behandel en die prosedure wat daarby gevolg moet word, met inbegrip van die notule wat daarvan gehou moet word; die jaarlikse voorlegging aan ’n vergadering van aandeelhouers van ’n balansstaat en rekeninge; (f) (g) die aanstelling van beamptes van die Bank; [(h) die bepaling van die nasionale gebiede wat die streek uitmaak] (hA) die gebruik van opvraagbare kapitaal van die Bank om sy hefboom- (i) verhouding te bereken; en [die ander aangeleenthede wat nodig is of nuttig mag wees om voor te skryf vir die bereiking van die oogmerke van] enige bykomende of insidentele administratiewe of prosedurele aangeleent- heid wat voorgeskryf moet word vir die behoorlike uitvoering of administrasie van hierdie Wet.’’. 5 10 15 20 25 30 35 40 45 50 8 No. 38403 Act No. 41 of 2014 GOVERNMENT GAZETTE, 20 January 2015 Development Bank of Southern Africa Amendment Act, 2014 Substitution of section 21 of Act 13 of 1997 8 - 8 Verify source ↗
The following section is hereby substituted for section 21 of the principal Act:
AI-assisted research summary: This section replaces section 21 of the principal Act with new text about the application of the Bank of Companies Act and other legislation.
8. The following section is hereby substituted for section 21 of the principal Act: ‘‘Application to Bank of Companies Act and other legislation - 21 Verify source ↗
The Minister may, by notice in the Gazette, apply to the Bank any
AI-assisted research summary: The Minister may use a notice in the Gazette to apply certain legislation to the Bank, with necessary modifications, as long as it is not inconsistent with this Act.
21. The Minister may, by notice in the Gazette, apply to the Bank any the Companies Act; the Banks Act, 1990 (Act No. 94 of 1990); or any other appropriate legislation, provision of— (a) (b) (c) in so far as such provision is not inconsistent with the provisions of this Act, with such modifications as the Minister may consider necessary and specify in that notice.’’. Substitution of Preamble to Act 13 of 1997 - 9 Verify source ↗
The following Preamble is hereby substituted for the Preamble to the principal Act:
AI-assisted research summary: This section replaces the existing Preamble to the principal Act with a new Preamble about the Development Bank of Southern Africa.
9. The following Preamble is hereby substituted for the Preamble to the principal Act: ‘‘PREAMBLE The Development Bank of Southern Africa was established in 1983 to perform an economic development function within the constitutional dispensation [which] then obtained. The transformation of the constitu- tional and economic dispensation of South Africa by virtue of the Constitution of the Republic of South Africa, [1993 (Act No. 200 of 1993)] 1996, and otherwise, necessitated the transformation of the role and function of the Development Bank of Southern Africa in order to promote economic development and growth [in] on the [Southern African region] African continent and its oceanic islands within an integrated financial development system which has as its aim the efficient deployment of scarce resources. On account of the aforesaid reasons it has now become desirable to reconstitute the Development Bank of Southern Africa in order to promote, facilitate and by funding to mobilise the socio-economic development [in Southern Africa], while efficiency, fairness, transparency and responsibility are promoted at the same time.’’. 5 10 15 20 25 30 Short title - 10 Verify source ↗
This Act is called the Development Bank of Southern Africa Amendment Act,
AI-assisted research summary: This section states the Act’s short title: the Development Bank of Southern Africa Amendment Act, 2014.
10. This Act is called the Development Bank of Southern Africa Amendment Act, 2014. STAATSKOERANT, 20 Januarie 2015 Wysigingswet op die Ontwikkelingsbank van Suider-Afrika, 2014 No. 38403 9 Wet No 41 of 2014 Vervanging van artikel 21 van Wet 13 van 1997 9 - 8 Verify source ↗
Artikel 21 van die Hoofwet word hierby deur die volgende artikel vervang:
AI-assisted research summary: Section 8 says Article 21 of the principal Act is replaced by a new article titled “Application to Bank of Maatskappywet and other legislation.”
8. Artikel 21 van die Hoofwet word hierby deur die volgende artikel vervang: ‘‘Toepassing op Bank van Maatskappywet en ander wetgewing - 21 Verify source ↗
Die Minister kan, by kennisgewing in die Staatskoerant, enige
AI-assisted research summary: The Minister may, by notice in the Gazette, apply specified provisions of certain laws to the Bank with any changes the Minister chooses, as long as they are not inconsistent with this Act.
21. Die Minister kan, by kennisgewing in die Staatskoerant, enige bepaling van— (a) die Maatskappywet; (b) die Bankwet, 1990 (Wet No. 94 van 1990); of (c) op die Bank toepas in soverre sodanige bepaling nie met die bepalings van hierdie Wet onbestaanbaar is nie, met sodanige veranderings wat die Minister goedvind en in daardie kennisgewing vermeld.’’. enige ander toepaslike wetgewing, Vervanging van Aanhef tot Wet 13 van 1997 - 9 Verify source ↗
Die aanhef van die Hoofwet word hierby deur die volgende aanhef vervang:
AI-assisted research summary: This section replaces the Act’s preamble with new wording about the Development Bank of Southern Africa and its development role.
9. Die aanhef van die Hoofwet word hierby deur die volgende aanhef vervang: ‘‘AANHEF Die Ontwikkelingsbank van Suider-Afrika is in 1983 ingestel ten einde ’n ekonomiese ontwikkelingsfunksie binne die staatkundige opset wat toe bestaan het, te verrig. Die transformasie van die staatkundige en ekonomiese bestel van Suid-Afrika uit hoofde van die Grondwet van die Republiek van Suid-Afrika, [1993 (Wet No. 200 van 1993)] 1996, en andersins, het die omvorming van die rol en funksie van die Ontwikkelingsbank van Suider-Afrika nodig gemaak ten einde ekonomiese ontwikkeling en groei [in die Suider-Afrikaanse streek] op die Afrika-kontinent en sy oseaaneilande binne ’n geïntegreerde finansiële ontwikkelingstelsel wat die doeltreffende ontplooiing van skaars hulpbronne ten doel het, nodig gemaak. Weens bogenoemde oorwegings het dit nou wenslik geword dat die Ontwikkelingsbank van Suider-Afrika hersaamgestel word ten einde die sosio-ekonomiese ontwikkeling [in Suider-Afrika] te bevorder, te fasiliteer en deur befondsing billikheid, terwyl deursigtigheid en verantwoordelikheid terselfdertyd bevorder word.’’. doeltreffendheid, te mobiliseer Kort titel - 10 Verify source ↗
Hierdie Wet heet die Wysigingswet op die Ontwikkelingsbank van Suider-Afrika,
AI-assisted research summary: This provision states the short title of the Act: the Wysigingswet op die Ontwikkelingsbank van Suider-Afrika, 2014.
10. Hierdie Wet heet die Wysigingswet op die Ontwikkelingsbank van Suider-Afrika, 2014. 5 10 15 20 25 30
Provision text is displayed from LexChat’s stored statute record. Use the official source links to verify amendments, commencement, and current legal force.
Ask AI about this statute
Development Bank of Southern Africa Amendment Act
Sign in to ask AI about this statute
Sign in to start authenticated, citation-grounded statute research.
Sign in