Board of Directors

Born: 1966
Independent Non-executive Director from 2 October 2020

Bongani brings a wealth of financial leadership and strategic expertise to the Development Bank of Southern Africa where his combination of financial acumen, executive leadership, and investment experience make him an asset to the Bank, where he can contribute his insights to shape financial strategies and investment decisions that align with the Bank's mandate of fostering sustainable development in Southern Africa.

He has extensive experience as a finance executive, and leading companies including roles as Joint - Chief Executive Officer and Joint - President at Sasol Ltd, Chief Financial Officer, Executive Director at Shell Southern Africa, Eskom Limited, Anglo-American Platinum, and Sasol Limited. He possesses a deep understanding of financial management and corporate strategy. As the founder of BN Africa Capital (Pty) Ltd, focusing on investments in his areas of expertise in Africa, he demonstrated a commitment to driving economic growth and development on the continent.

A qualified Chartered Accountant who holds a Bachelor of Accountancy (Honors) and a  Master’s degree in Business Administration with Merit from the Universities of Manchester and Wales, Bangor.

Born: 1968
Independent Non-executive Director from 2 October 2023

Prof. Pieterse's extensive expertise and leadership positions make him an asset to the Development Bank of Southern Africa, where his insights and networks can inform and shape the bank's strategies and initiatives aimed at promoting sustainable development and addressing poverty in the region.

With a distinguished career spanning academia, policy development, and non-profit leadership, Prof. Pieterse is a highly accomplished professional.

In his role as Director of the African Centre for Cities, he has spearheaded a prominent research platform dedicated to sustainable human settlements across Africa, establishing himself as a leading authority in the field.

Professor Edgar Pieterse holds a PhD from the London School of Economics & Political Science,  MA: in Politics of Alternative Development Strategies, Institute of Social Studies, The Hague, 1995 and a BA: in Social Science from the University of the Western Cape.

Born: 1962
Independent Non-executive Director from 30 November 2022

Ebrahim Rasool, the founder of the World for All Foundation, brings substantial value to the Development Bank of Southern Africa through his extensive government experience. He has led different departments such as Health, Welfare, Finance, and Economic Development as a Provincial Minister and as a former Premier of the Western Cape, along with his tenure as the South African Ambassador to the United States. His socio-economic development and strategic leadership and management skills, prepared through these roles, equip him with the ability to navigate complex regulatory environments and strategically guide the Bank towards meeting its mandate by meeting objectives. Rasool's background in social services leadership underscores his commitment to addressing societal challenges, complementing the Bank's mission to promote development and alleviate poverty.

Ebrahim Rasool holds a Bachelor of Arts and a Higher Diploma in Education from the University of Cape Town, an Honorary Doctorate of Humane Letters, Honoris Causa, by the Roosevelt University in Chicago, USA, and a Doctor of Public Service, Honoris Causa from Chatham University in Pittsburgh, PA.

Born: 1978
Appointed: 1 April 2023
Executive Director from 1 June 2018

Her career is entrenched in the operations of the DBSA, Boitumelo brings value to the Bank with her experience in both the private and public sectors, including financial services, venture capital, healthcare, and professional services. Boitumelo has slotted seamlessly into her role of driving the strategy and operations of the institution, known as a trailblazer who ensured, insisted, and drove governance within the DBSA while in the role of CFO.

Boitumelo Mosako, made history by becoming the DBSA’s first woman CEO. Boitumelo assumed office in April 2023, ten years after first joining the DBSA’s finance division.

Boitumelo values inclusion, not talking only about including women and other marginalised groups but evolving the Bank into spaces where everyone feels included and therefore can participate comfortably to their fullest abilities. Fostering a culture of trust, transparency, continuous learning, and empowering teams to thrive in a rapidly changing world.

Boitumelo’s expertise spans auditing, financial management, and strategy, acquired through roles at reputable organisations. Prior to joining the DBSA, she served as the Chief Financial Officer (CFO) at the South African Bureau of Standards (SABS), where she played a crucial role in financial governance and strategy development. Previously, she held the position of General Manager of Finance at the DBSA, demonstrating her familiarity with the organisation's operations and financial landscape. Her career also includes stints at Triumph Venture Capital, Citigroup, and EY, where she honed her skills in financial analysis, risk management, and regulatory compliance.

A Chartered Accountant (SA) with over 12 years of experience in financial services, Boitumelo holds an Advanced Management Programme Certificate from Harvard Business School, a BBBEE Management Development Programme Certificate from UNISA, a Higher Diploma in Auditing, a Post Graduate Diploma in Accounting and a BCom Accounting Degree from the University of Cape Town.

Born: 1971
Executive Director from 2 October 2023

Zodwa’s extensive experience in financial leadership roles, coupled with her qualifications and executive education, positions her as a highly competent professional capable of driving financial strategies and operational excellence within the DBSA.

With a solid foundation in finance and executive education, Zodwa Mbele has previously held key positions at the Development Bank of Southern Africa, including General Manager of Finance, Acting CFO, and Group Executive: Transacting.

Zodwa Mbele is a Chartered Accountant (CA(SA)) with additional certification in International Treasury Management (UK), showcasing her expertise in financial management and treasury operations. Her commitment to continuous learning is evident through her attendance at prestigious programmes such as the Harvard Business School's Advanced Management Programme, the Stellenbosch Business School's Executive Development Programme, and the Wits Business School's Management Advanced Programme.