Former Gauteng premier and senior ANC figure David Makhura has been appointed as a non-executive director of the Development Bank of Southern Africa (DBSA) after the exit of former SA ambassador to the US Ebrahim Rasool.
Makhura is widely expected to assume the chair of the bank within the next three months.
The bank’s interim chair, Martie Janse van Rensburg, was appointed to the role in December 2024 after Rasool’s exit.
The leadership transition comes as the DBSA plays a growing role in financing catalytic infrastructure projects across energy, transport and water, which are key sectors in SA’s economic recovery agenda.
The bank is also expected to support the broader government push for public-private partnerships amid constrained fiscal space.
The cabinet approved Makhura’s appointment as a non-executive director in May.
“Makhura is deeply passionate about infrastructure as a catalyst for economic advancement and social upliftment,” the DBSA said in a notice to shareholders.
“His leadership is grounded on a developmental agenda that integrates sharp economic and political insight with a deep understanding of governance, enabling the alignment of policy objectives with sustainable socioeconomic outcomes.
“He has maintained a strong presence across the African continent, engaging with government institutions, academia and civil society.
“His multifaceted career has afforded him in-depth expertise in economic and social policy, public sector reform and institutional governance.
“He is widely respected for his principled leadership, long-term vision and steadfast commitment to equity, social justice and inclusive economic growth.”
Makhura stepped down as premier of Gauteng, which contributes more than 40% of national GDP, in 2022, paving the way for Panyaza Lesufi to be elected into the position.
Before his premiership, he served as ANC Gauteng provincial secretary and was known for his involvement in rebuilding the party’s credibility after several governance scandals.
At the ANC’s elective conference in the same year, where Cyril Ramaphosa was elected as president of the party, Makhura was elected to the ANC’s national executive committee.
He holds a Master of Science (MSc) degree in public policy and management from the University of London.
“Makhura brings extensive experience in strategic leadership, public policy and stakeholder engagement.
“He previously served as the premier of Gauteng, where he championed ethical governance, accountability and infrastructure-driven development,” the bank said.
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