South Africa’s biggest pension manager lending over R8 billion to build rest of Africa

BusinessTech

South Africa’s PIC eyes private credit in Africa for growth, diversification. The money manager has invested R8 billion in African markets in 2 years, plans to increase. Avoids listed equities due to small, illiquid markets. Private equity not viable, but sees potential in private debt for African investments. Chief Investment Officer emphasizes the importance of private markets in Africa.

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