Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997) 1. Interpretation

 

In this Act, unless the context otherwise indicates—

 

"authorised share capital"

means the maximum amount of capital which the Bank is authorised to raise in terms of section 13(1);

[Defintion inserted by section 1 of Act No. 41 of 2014]

 

"Bank"

means the Development Bank of Southern Africa Limited, reconstituted and incorporated as provided for by section 2;

 

"board"

means the board of directors of the Bank mentioned in section 7;

 

"callable capital"

means the authorised share capital less the issued share capital;

[Definition inserted by section 1 of Act No. 41 of 2014]

 

"Companies Act"

means the Companies Act, 2008 (Act No. 71 of 2008);

[Definition inserted by section 1 of Act No. 41 of 2014]

 

"DBSA (1983)"

means the Development Bank of Southern Africa, which was established in 1983 by treaty;

 

"effective date"

means the date on which this Act comes into operation;

 

"institutional shareholders"

means the holders of shares in the Bank, excluding the Government of the Republic and any individual, but including national, international or multilateral institutions;

 

"issued share capital"

means the portion of the authorised share capital which the Bank has issued;

[Definition inserted by section 1 of Act No. 41 of 2014]

 

"Minister"

means the Minister of Finance or the Minister who for the time being acts in his or her stead;

 

"region"

means the region contemplated in section 2A;

[Definition substituted by section 1 of Act No. 41 of 2014]

 

"regulation"

means any regulation made in terms of section 17;

 

"shares"

means the shares referred to in section 13;

 

"this Act"

includes the regulations.