Question NW2988 to the Minister of Finance
09 November 2017 - NW2988
Lees, Mr RA to ask the Minister of Finance
With reference to his reply to question 2736 on 19 September 2017, (a) why is the amount of R3 649 961 241,00 in development loans extended to the rest of Africa quoted in the specified reply for the 2016-17 financial year not equal to the amount reflected under the Development Bank of Southern Africa’s 2016-17 Annual Financial Statement under the same category and (b) what are the full details of the deviations in the amounts in terms of (i) amounts lent, (ii) sectors lent to, (iii) names of the clients and (iv) names of each country that the client is from for each deviation?
Reply:
The questionnaire was specific to 2016/17 hence the 3.6bn, the amount in the annual report is the total exposure.
The DBSA disbursed the total amount of R3.7 billion during the 2016/17 financial year to the rest of African continent (excluding South Africa). The total disbursement amount was made out of loan disbursements of R3.6 billion and equity investments of R69.9 million. Refer to section 1 (Disbursements to the rest of Africa for the year ended 31 March 2017) overleaf for the detail breakdown of the disbursements. The analysis also includes the current year numbers for the period ending 31 August 2017.
Section 2 (Development loans exposure to the Rest of Africa as at 31 March 2017) details the DBSA’s exposure to the rest of Africa (excluding South Africa) amounts to R17.6 billion for the year ended 31 March 2017. The analysis also includes the current year numbers for the period ending 31 August 2017.
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Section 1: Disbursements to the rest of Africa for the year ended 31 March 2017 |
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A. Loan disbursements |
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|
Country |
2016-2017 |
YTD August 2017 |
Sector |
|
Angola |
|
155 119 582 |
|
|
Angola Ministry of Finance |
- |
155 119 582 |
Transportation |
|
|
|
|
|
|
Ghana |
1 576 372 369 |
343 879 518 |
|
|
Cenpower Generation Company Limited |
24 732 369 |
60 647 143 |
Energy |
|
Karpower International |
1 551 640 000 |
|
Energy |
|
Ghana Airports Company Limited |
|
283 232 374 |
Transportation |
|
Kenya |
220 562 054 |
45 381 516 |
|
|
Kenya Pipeline Company Limited |
220 562 054 |
45 381 516 |
Commercial - Transportation |
|
Madagascar |
|
99 725 954 |
|
|
Ravinala Airports, S.A. |
|
99 725 954 |
Transportation |
|
Zambia |
1 803 965 113 |
|
|
|
Itezhi-Tezhi Power Corporation (ITPC) Lusaka |
158 009 192 |
- |
Energy |
|
Maamba Collieries Limited |
217 955 921 |
|
Energy |
|
Zambia Electricity Supply Corporation Limited |
1 428 000 000 |
- |
Energy |
|
Zimbabwe |
49 061 705 * |
- |
|
|
*Infralink (Private) Limited |
49 061 705 |
- |
Roads And Drainage |
|
Total Loan Disbursement |
R 3 649 961 241 |
R 644 106 570 |
|
|
* This disbursement was a short term loan in respect of the insurance premium paid on behalf of Infralink (Private) Limited with the view of ensuring that the insurance cover on the loan does not lapse. |
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|
B. Equity Investments |
2016-2017 |
YTD August 2017 |
Sector |
|
Multi- Country |
|
|
|
|
Africa Infrastructure Investment Fund II |
8 207 547 |
387 774 |
Commercial infrastructure |
|
Emerging Capital Partners |
5 622 674 |
5 503 713 |
Commercial infrastructure |
|
Pan African Infrastructure Development Fund |
56 106 729 |
9 811 080 |
Commercial infrastructure |
|
Total |
69 936 950 |
15 702 567 |
|
|
# Total Loans and equities disbursements for year ending 31 March 2017 |
R 3 719 898 191 |
R 659 809 137 |
# As disclosed on page 8 of the 2016/17 Annual Financial Statements
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Section 2: Development loans exposure to the Rest of Africa as at 31 March 2017 |
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|
Country |
Exposure -2016/17 |
Exposure as at YTD August 2017 |
Sector |
|
Angola |
2 072 937 628 |
1 801 317 553 |
|
|
Angola Ministry of Finance |
1 833 957 908 |
1 791 947 183 |
|
|
|
1 798 731 195 |
1 607 495 863 |
Roads And Drainage |
|
|
35 226 713 |
184 451 320 |
Transportation |
|
Banco de Poupanca e Credito |
20 528 354 |
9 370 389 |
Commercial - Fund |
|
Sonangol Finance Limited |
218 451 366 |
- |
Energy |
|
Congo |
1 369 557 404 |
1 241 702 054 |
|
|
(SNPC) SOCIÉTÉ NATIONALE DES PETROLES DU CONGO |
1 369 557 404 |
1 241 702 054 |
Energy |
|
Ghana |
1 582 410 256 |
1 871 284 196 |
|
|
Cenpower Generation Company Limited |
205 872 573 |
257 454 558 |
Energy |
|
Ghana Airports Company Limited |
671 622 |
289 155 048 |
Transportation |
|
KARPOWER INTERNATIONAL B.V. |
1 375 866 061 |
1 324 674 590 |
Energy |
|
Kenya |
304 643 104 |
333 044 872 |
|
|
Kenya Pipeline Company Limited |
304 643 104 |
333 044 872 |
Commercial - Transportation |
|
Lesotho |
610 611 295 |
578 773 473 |
|
|
Lesotho Highlands Development Authority |
38 799 947 |
40 276 042 |
|
|
|
1 045 109 |
889 438 |
Energy |
|
|
37 754 838 |
39 386 604 |
Roads And Drainage |
|
Trans-Caledon Tunnel Authority |
15 250 000 |
15 426 770 |
Water |
|
Tsepong (Pty) Ltd |
556 561 348 |
523 070 661 |
Social Infrastructure - Health |
|
Madagascar |
108 020 467 |
|
|
|
Ravinala Airports, S.A. |
108 020 467 |
Transportation |
|
|
Mauritius |
467 714 692 |
471 366 657 |
|
|
Betamax Ltd |
193 749 477 |
192 996 462 |
Transportation |
|
Smile Telecoms Holdings Limited |
273 965 215 |
278 370 194 |
Communications |
|
Mozambique |
510 577 955 |
455 137 690 |
|
|
Compania Mozambicana De Hdrocarbonetos SARS |
185 362 354 |
148 849 304 |
Energy |
|
Electricidade De Mocambique |
65 691 031 |
44 689 974 |
Energy |
|
Energia de Mocambique LDA |
60 546 032 |
60 456 429 |
Energy |
|
Mozambique Celular Limitada |
76 510 856 |
76 947 960 |
Communications |
|
Telecomunicacoes De Mozambique |
122 470 525 |
124 196 866 |
Communications |
|
Namibia |
83 917 238 |
83 296 869 |
|
|
Namibia Power Corporation Pty Ltd |
83 917 238 |
83 296 869 |
Energy |
|
Swaziland |
217 824 828 |
229 838 204 |
|
|
Swazi Paper Mills (Pty) Ltd (SPM) |
157 354 224 |
166 268 460 |
Commercial - Manufacturing |
|
Swaziland Electricity Board |
5 143 108 |
5 343 238 |
Energy |
|
Swaziland Government |
55 327 496 |
58 226 505 |
|
|
|
51 316 973 |
54 005 842 |
Commercial - Agriculture |
|
|
4 010 523 |
4 220 663 |
Water |
|
Tanzania |
113 283 353 |
96 919 444 |
|
|
Kilwa Energy Company Limited |
604 |
585 |
Energy |
|
Maweni Limestone Ltd |
113 282 750 |
96 918 860 |
Commercial - Manufacturing |
|
Zambia |
7 124 095 838 |
6 851 912 015 |
|
|
ICC |
12 665 839 |
Commercial - Fund |
|
|
Itezhi-Tezhi Power Corporation (ITPC) Lusaka |
423 491 908 |
421 792 793 |
Energy |
|
Kariba North Bank Extension Power Corporation (KNB |
956 083 955 |
868 900 787 |
Energy |
|
Lunsemfwa Hydro Power Company Limited (LHPC) |
577 |
- |
Energy |
|
Maamba Collieries Limited |
1 278 156 993 |
1 278 900 215 |
Energy |
|
National Road Fund Agency (NRFA) Zambia |
2 769 454 093 |
2 577 411 770 |
Roads And Drainage |
|
The David Livingstone Safari |
224 408 186 |
220 752 901 |
Commercial -Tourism |
|
Zambia Electricity Supply Corporation Limited |
1 459 834 287 |
1 484 153 549 |
Energy |
|
Zimbabwe |
2 561 247 560 |
2 446 947 190 |
|
|
Cottco (Pty) Ltd |
129 560 131 |
117 783 454 |
Commercial - Agriculture |
|
Infralink (Private) Limited |
2 431 687 429 |
2 329 163 736 |
Roads And Drainage |
|
Multi-Country |
590 966 218 |
491 911 631 |
|
|
Eastern and Southern African Trade and Development |
590 966 218 |
491 911 631 |
Commercial - Fund |
|
^ Total book - Rest of Africa |
R 17 609 787 368 |
R 17 061 472 314 |
^ As disclosed on page 40 (note 13.4) of the 2016/17 Annual Financial Statements
Remarks: Reply: Approved /Not Approved