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South African finance giant creates R5-billion fund to invest in local infrastructure | SA News


Financial services company Alexforbes has created a R5-billion fund to invest in local infrastructure projects in the electricity, water, housing, transport, and ICT sectors, the Sunday Times reports.

Gyongyi King, the chief investment officer at Alexforbes Investments, says the company aims to raise R5 billion to generate returns and contribute to economic growth.

“We want to see growth. Without good ports, stable electricity, stable water, housing, and roads, we cannot grow,” she said.

Through creating the…

The Star: Based in Johannesburg, it is one of the oldest newspapers, established in
1887.

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