South Africa’s government is in talks with lenders to fund the bulk of a credit-guarantee vehicle it plans to establish in July 2026 to support investment in infrastructure by private companies, the nation’s deputy finance minister said.
About 10 billion rand ($569 million) is required to fund the initiative, of which the government will contribute 2 billion rand in equity, David Masondo said at a conference in the capital, Pretoria, on Thursday. The authorities are in talks with lenders for the remainder of the funds, he said.