Team

Dinao

Dinao Lerutla

Independent Non-executive Director

Born: 1980
Independent Non-executive Director from 30 November 2022

Dineo brings a wealth of financial expertise to the Development Bank of Southern Africa with a strong track record in different financial institutions, she possesses invaluable insights into capital and financial markets, which are critical for the DBSA's investment and project financing activities. As the co-founder and Managing Partner of Maia Capital Partners Fund Management & Asset Management, she has demonstrated her proficiency in development finance, capital markets, and asset management.

Dinao’s skills include CFA, investment banking, capital and financial market, her extensive board experience in organisations such as the KZN Growth Fund, Development Equity Fund, Futuregrowth, Vumela Fund, and Edge Growth underlines her strategic acumen and ability to provide guidance on investment decisions and risk management. Overall, her combination of academic credentials, professional experience, and board leadership positions make her a highly qualified candidate to contribute to the DBSA's financial strategies and initiatives aimed at fostering economic development in Southern Africa.

Dinao is a Chartered Financial Analyst (CFA) with a Master’s in Development Finance from Stellenbosch Business School and a Bachelor of Business Science (Honours) from the University of Cape Town.

Lynette

Lynette Milne

Independent Non-executive Director

Born: 1968
Independent Non-executive Director from 1 October 2025

Ms. Milne is a Chartered Accountant (CA(SA)) with extensive expertise in finance, infrastructure development, and project finance. She has held senior leadership roles, including Chief Financial Officer and Non-Executive Director, with experience chairing Audit and Risk Committees. Her career spans key roles at Deloitte, TCTA, the Pebble Bed Modular Reactor, Eskom’s Treasury, the Presidential Infrastructure Coordinating Commission (PICC), and the New Development Bank (NDB) in Shanghai, where she helped establish finance operations and contributed to securing an AA+ credit rating.

Ms. Experience reflects a strong track record in mobilising finance for infrastructure, structuring complex projects, and ensuring governance and risk oversight. Her expertise strengthens the Bank’s ability to deliver sustainable, high-impact infrastructure programmes that drive regional integration and economic growth.

She holds a BCompt from the University of the Free State and a BCom (Hons) CTA from the University of South Africa, and is a member of the South African Institute of Chartered Accountants.

Petrus Matji

Dr Petrus Matji

Independent Non-executive Director

Managing Director - Lion Infrastructure Africa
Born: 1966
Independent Non-executive Director from 2 October 2020

Petrus Matji possesses extensive expertise in water and wastewater, roads, ports and energy infrastructure with experience in project finance, including fundraising for projects, and a track record of working on projects across Africa. Matji is well-versed in the financial and technical aspects of infrastructure planning, development and management, making him a valuable asset to the Development Bank of Southern Africa in its efforts to drive infrastructure development in the region.

Previously serving as the CEO of Roads Agency Limpopo SOC Limited (RAL), he played a key role in overseeing road infrastructure planning, development, management, and maintenance projects in the Limpopo Province. His leadership experience and technical knowledge position him to contribute significantly to the DBSA's mission of promoting sustainable infrastructure development and economic growth in Southern Africa.

Dr. Matji holds an MSc in Engineering Sciences (Civil Engineering) from the University of Stellenbosch, as well as an MBL and a DBL from the University of South Africa. He is a professional construction project manager (Pr. CPM) and a professional hydrologist/water resources expert. He published more than 10 journal articles and conference papers, combined, in public-private partnerships (‘’PPPs’’), infrastructure financing/funding. Further, he reviewed a number of infrastructure-related journal articles published by the International Journal of Construction Management.

Disebo

Disebo Moephuli

Independent Non-Executive Director

Born: 1964
Independent Non-executive Director from 2 October 2023

Disebo is well-equipped to contribute to strategic decision-making and financial initiatives within the Development Bank of Southern Africa, leveraging her experience to drive impactful outcomes and foster sustainable development in the region. Her extensive career encompasses: Asset & Liability management (ALM), Treasury management, Domestic & International Debt Capital Markets (DCM), Development Financial Institution Funding, Bank funding, and Export Credit Agency supported funding. Financial and Operational Risk Management.

With over 25 years of experience in leadership roles across different industries, including State-owned enterprises, financial services, freight and logistics transport, she brings a wealth of expertise to the table. Her skills include general management, banking, risk, and treasury management.

She holds a certificate from INSEAD's Executive Leadership Programme, an MBA from Dalhousie University, a BA in Economics from the University of Lesotho, and other certificates in property investment and project management.

Jonathan

Jonathan Muthige

Independent Non-Executive Director

Born: 1967
Independent Non-executive Director from 2 October 2023

Jonathan’s extensive experience and leadership skills make him an asset in driving organisational growth, fostering talent development, and promoting sustainable transformation initiatives within the Development Bank of Southern Africa. With over 30 years of experience in human resources, he is a prominent HR executive known for his leadership and transformational expertise.

Muthige's career is distinguished by his exceptional blend of leadership experience in both operations and human resources, spanning South Africa and international markets. In addition to his corporate roles, he contributes to the nonprofit sector as a Non-Executive Director of Help2Read, demonstrating his commitment to social impact and community development.

Muthige holds a BA Hons from the University of KwaZulu-Natal, along with professional certifications including a PMD from Damelin, a Strategic HR Management Programme from Harvard Business School, and a certificate in Advanced Management Programme from the Wharton Business School.

Chantal-Naidoo

Dr Chantal Naidoo

Independent Non-Executive Director

Born: 1970
Independent Non-executive Director from 2 October 2023

Dr. Naidoo's unique blend of academic achievements, practical experience, and entrepreneurial endeavours positions her as a valuable asset to the DBSA, where she contributes significantly to advancing the Bank's sustainability initiatives and fostering positive social and environmental impact in Southern Africa.

With expertise across Investment and Corporate Banking, ESG Investments, and Global Climate Change, she brings a wealth of knowledge to the Bank. Her experience is further bolstered by her role as a director of Rabia Transitions (NFP), a business she established in 2013, indicating her entrepreneurial spirit and commitment to sustainable development.

Dr Chantal Naidoo holds a PhD from the University of Sussex (explored the role of Financial Services in supporting Sustainability - SA’s IPP), MA in Development Finance from the Stellenbosch University, a certificate in Programme: Sustainable Leadership from the University of Cambridge and Int’l EDP, from BankSeta, PGDip: Tax Law from the University of Witwatersrand and BCom from the University of Cape Town.