Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997)RegulationsRegulations made under Section 17Appointment and removal of directors100. Re-appointment of directors |
| (1) | A director is eligible for re-appointment in terms of section 9(1) of the Act, subject to regulation 99(2) and (3), but may not serve as member of the Board for more than three consecutive terms. |
| (2) | A director shall retain office until the appointment of a new director has been completed or until the expiration of six months from the date that he or she was due to retire, whichever is earlier. |
| (3) | A director may only be re-appointed as a director of the board based on the performance and execution of the director’s responsibilities in the Board and its committees and attendance of board meetings and board committees’ meetings. |
[Regulation 100 substituted by section 2 of Notice No. 6908, GG53783, dated 5 December 2025]