South Africa Targets Infrastructure Deals With Guarantee Fund

South Africa’s mega guarantee fund set to transform national infrastructure

Key topics:South Africa launches credit-guarantee vehicle to fund infrastructure.$440B grid expansion, ports, and water projects aim to attract private capital.World Bank, AfDB, IFC, and local banks show early investment interest.Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox every morning on weekdays. Register here.Support South Africa's ba…

South Africa Targets Infrastructure Deals With Guarantee Fund

South Africa plans to rapidly expand a new credit-guarantee vehicle to support billions of dollars in infrastructure projects, from power-grid expansion and water systems to ports and freight rail.

SA launches infrastructure credit-guarantee vehicle

SOUTH Africa is rolling out a new credit-guarantee programme designed to mobilise billions of dollars in private investment for infrastructure, spanning power grid expansion, water systems, ports and freight rail, said Bloomberg News on Tuesday. The vehicle — the first of its kind in the country — is intended to reduce pressure on the fiscus by attracting private capital without requiring additional sovereign guarantees, the newswire said. The s…