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

2A. Countries of operation of Bank

Purchase cart Previous page Return to chapter overview Next page

 

(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)the national territory of the Republic of South Africa;
(b)the national territories of the countries which are member states of the Southern African Development Community; and
(c)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).

 

(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) 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.

 

[Section 2A inserted by section 3 of Act No. 41 of 2014]