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

Regulations

Purchase

A director shall immediately vacate office if he or she—

(a)	is convicted of a criminal offence, whether in the Republic or elsewhere;

(b)	becomes a public office bearer or is a member of any institution referred to in section 8(b) of the Act;

(c)	becomes an insolvent;

(d)	is declared to be of unsound mind by a competent court;

(e)	has been removed from an office of trust on account of misconduct;

(f)	has been removed from an office of trust due to non-compliance with regulation 104; or

(g)	is removed as director in terms of regulation 101.

[Regulation 102 substituted by section 2 of Notice No. 6908, GG53783, dated 5 December 2025]