Digital infrastructure forms part of the infrastructure investment plan
South Africa’s government told asset managers and banks it needs R1.5-trillion of infrastructure investment over the next decade, the country’s biggest specialist fixed-income fund said.
At a meeting at the end of last month, the infrastructure commission in President Cyril Ramaphosa’s office presented projects ranging from water and sanitation to energy and digital infrastructure, said Jason Lightfoot, a portfolio manager at Futuregrowth Asset Management, which oversees about R194-billion.
Ramaphosa’s launch next week will include the participation of Akinwumi Adesina, the president of the African Development Bank, Makhtar Diop, the vice president for infrastructure at the World Bank, and Leslie Maasdorp, vice president of the New Development Bank
The country’s good core network of national economic infrastructure “needs to be expanded significantly to address the demands of a growing economy”, the government said in its draft programme for the event.
Most asset managers and all of South Africa’s major banks attended the meeting, Lightfoot said.
Most asset managers and all of South Africa’s major banks attended the meeting
One of the proposals being considered is a listed security that would cover a number of projects and would be more suitable for money managers that need more liquidity to access their funds, a person who took part in the event said.
