ANC's Enoch Godongwana takes over as chair of DBSA

Enoch Godongwana. (Thapelo Maphakela)
Enoch Godongwana. (Thapelo Maphakela)
Thapelo Maphakela

The ANC's head of economic transformation, Enoch Godongwana, is the new chairperson of the board of the Development Bank of Southern Africa (DBSA).

The decision was taken following the bank's annual general meeting on Friday, it announced in the JSE Stock Exchange News Service (SENS).

Godongwana was serving as a non-executive director of the board of the DBSA which provides developmental infrastructure in South Africa and the rest of the African continent.

His appointment by Cabinet as a non-executive director was slammed by DA finance spokesperson Alf Lees in April. He described it as "a huge blow to the impartiality of the bank that a deployed cadre of the ANC is now on the board" and an indication that the ANC continues to be a "vehicle for corruption, nepotism and cadre deployment".

Gondongwana, who has an MSc in Financial Economics from the University of London, was deputy public enterprises minister from 2009 to 2010 and deputy economic development minister from November 2010 to 2012.

He is currently a non-executive director of the New Development Bank, the South African National Housing Finance Corporation, Mondi PLC, National Home Builders Registration Council, Zabezolo Leisure and Services, Zabezolo Investments, Zabezolo Resources, Zabezolo Properties and Zabezolo Group.

The DBSA also announced that Prof Mark Swilling will be the deputy chair, while Martie Jacoba Janse van Rensburg is the new chair of the audit and risk committee.

The DBSA's key focus areas are water, energy, transport and ICT.

- Compiled by Adiel Ismail

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
Rand - Pound
Rand - Euro
Rand - Aus dollar
Rand - Yen
Brent Crude
Top 40
All Share
Resource 10
Industrial 25
Financial 15
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders