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Public Investment Corporation allocates ZAR 30 billion to infrastructure investment

by Louise Taggart

  • 13 Jul 2010
  • INF

Public Investment Corporation has allocated funds of ZAR 30 billion to expand investment in the infrastructure asset class on behalf of its largest client, the ZAR 819 billion Government Employees Pension Fund. These new investments will increase Public Investment Corporation’s exposure to projects in the economic sector, primarily energy and clean technology projects in South Africa. Public Investment Corporation has previously committed to several South African unlisted funds, including African Infrastructure Investment Fund and Pan African Infrastructure Development Fund, which provided exposure to the energy, telecom, aviation, water, transportation and waste management sectors. Future investments will continue to focus on South Africa and will primarily be in the form of direct equity investments and bonds purchased in state-owned companies.

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