Presidency clarifies South Africa's African Development Bank candidature

16 October 2024

The South African Government Cabinet endorsed the candidacy of Ms. Swazi Tshabalala for the Presidency of the African Development Bank on 07 August 2024. However, the Southern African Development Community (SADC) decided on the contrary. Therefore, South Africa abides by the collective decision of the community. 

South Africa further recognisies that the ultimate decision rests with the Bank's shareholders. 

Issued by Vincent Magwenya, Spokesperson to the President, 16 October 2024