South Africa’s government is considering selling a green infrastructure bond worth tens of billions of rand as part of its biggest drive ever to kickstart private investment in projects ranging from energy to water reticulation.
“A idea that’s finding traction is a green infrastructure bond,” he said in an interview on Monday. “It will be substantial.”
Ramaphosa has previously announced plans for a 100 billion rand infrastructure fund and is now pushing for more involvement from private investors, who have more funding capacity.mutual funds oversee about 2.5 trillion rand in assets, according to the Association for Savings and Investment South Africa, while the Public Investment Corp., which mainly manages the pensions of state workers, has 2.1 trillion rand.
The government could use the infrastructure fund to make the first investment in key projects to reduce risk for private investors, Ramokgopa said. It may also seek to have private investors fund projects and then repay them over several years while simultaneously providing them with a return.
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