DBSA appoints Rakgate to head Infrastructure Fund

The State-owned Development Bank of Southern Africa (DBSA) has, from October 1, appointed Mohale Rakgate as its new group executive for the Infrastructure Fund, which has been established by government to support an accelerated roll-out of economic and social infrastructure. Infrastructure is expected to feature strongly in South Africa’s economic recovery plan, which will be considered by Cabinet following consultations with business, labour and community representative at the National Economic Development and Labour Council in August and September.