Team

Joel Netshitenzhe

Joel Netshitenzhe

Independent Non-Executive Director

Born: 1956
Independent Non-executive Director from 2 October 2023

Joel’s multifaceted background, combined with his leadership abilities, positions him as an asset in driving strategic initiatives and fostering effective governance within organisations, including the Development Bank of Southern Africa.

Renowned for his political acumen and executive experience, he currently serves as the executive director of the Mapungubwe Institute for Strategic Reflection (MISTRA) and as a member of the Presidential State-Owned Enterprises Council (PSEC) and the Board of Life Healthcare Group. He previously served on the Boards of NEDBANK Group and the Council for Scientific and Industrial Research (CSIR).

Aside from his experience in policy formulation, his strengths include research, strategic planning and communication. Netshitenzhe holds an MSc in Financial Economics and a PGDip in Economic Principles from the University of London (SOAS). Additionally, he pursued studies in medicine at the then-University of Natal, abandoned when he left for exile during the apartheid era.

Pinkie

Pinkie Nqeto

Independent Non-Executive Director

Deputy Chairman
Born: 1957
Independent Non-executive Director from 1 August 2017

Pinkie Nosipho Nqeto possesses a diverse skill set with a comprehensive understanding of organisational dynamics and strategic decision-making to the DBSA. Her skills set spans business management, strategic management, people management, policy management, and administration.

Her background in different facets of management, coupled with her educational background, equips her to contribute effectively to the Bank's mission of promoting sustainable development in the region. Whether in formulating and implementing policies, managing resources, or fostering collaboration across stakeholders, her expertise is invaluable in the support of the Bank's initiatives and contributes to its success in driving positive change in Southern Africa.

She holds an MBA from the University of Charles Sturt, Australia, an Honours (Economics) from the University of South Africa and a BCom from the University of Transkei.

Bongani

​​Bongani Nqwababa

Independent Non-Executive Director

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.

Edgar Pieterse

Professor Edgar Pieterse

Independent Non-Executive Director

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.

Michael

Michael Hillary

Group Executive: Treasury

Born: 1970
Appointed: 1 October 2012
Academic qualifications:
• MBA, University of Witwatersrand
• BCom Hons, University of Witwatersrand
• CAIB (SA), Institute of Bankers

Phindile Masangane

Dr Phindile Masangane

Group Executive: Programmes

Born: 1972
Appointed: 1 February 2026
Academic qualifications:
• PhD (Chemistry) from Imperial College London
• MBA, Wits Business School
• BSc (Mathematics and Chemistry) from the University of Eswatini