Funds worth R4.6-trillion target state projects

via BD Live:

PRIVATE sector funds controlling R4.6-trillion are seeking ways to invest directly in government infrastructure programmes.
The move by the Association for Savings & Investment South Africa (Asisa), whose members include asset managers, life insurance companies and other collective investment schemes, comes as concerns grow that the regulatory requirements of Basel 3 will choke off banks’ ability to fund infrastructure projects.

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