South Africa chasing after private investors with new R8 billion plan

• South Africa plans to list its first credit-guarantee vehicle to unlock private investment in infrastructure with a R8 billion capital base.
• The credit-guarantee vehicle will initially receive R1.64 billion from the Treasury via a loan from the World Bank, with the aim of mobilising private finance for mega-projects.
• The R8 billion plan is part of President Cyril Ramaphosa's drive to lift growth by overhauling infrastructure, with the aim of raising the economy's expansion rate to 3.5% by 2030.