Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997)1. Interpretation |
In this Act, unless the context otherwise indicates—
"authorised share capital"
means the maximum amount of capital which the Bank is authorised to raise in terms of section 13(1);
[Defintion inserted by section 1 of Act No. 41 of 2014]
"Bank"
means the Development Bank of Southern Africa Limited, reconstituted and incorporated as provided for by section 2;
"board"
means the board of directors of the Bank mentioned in section 7;
"callable capital"
means the authorised share capital less the issued share capital;
[Definition inserted by section 1 of Act No. 41 of 2014]
"Companies Act"
means the Companies Act, 2008 (Act No. 71 of 2008);
[Definition inserted by section 1 of Act No. 41 of 2014]
"DBSA (1983)"
means the Development Bank of Southern Africa, which was established in 1983 by treaty;
"effective date"
means the date on which this Act comes into operation;
"institutional shareholders"
means the holders of shares in the Bank, excluding the Government of the Republic and any individual, but including national, international or multilateral institutions;
"issued share capital"
means the portion of the authorised share capital which the Bank has issued;
[Definition inserted by section 1 of Act No. 41 of 2014]
"Minister"
means the Minister of Finance or the Minister who for the time being acts in his or her stead;
"region"
means the region contemplated in section 2A;
[Definition substituted by section 1 of Act No. 41 of 2014]
"regulation"
means any regulation made in terms of section 17;
"shares"
means the shares referred to in section 13;
"this Act"
includes the regulations.