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

The Board may, unless otherwise directed by the shareholders in general meeting, before the issue of any new shares, determine that the same or any of them, shall be offered in the first instance, and either at par or at a premium, to all the members in proportion to the amount of the capital held by them, or make any other provision as to the issue and allotment of the new shares.