INVESTMENT
Savings group Asisa’s eye on more infrastructure projects
The Association for Savings and Investments SA (Asisa) says that its members will inject more capital into critical infrastructure projects. Although the projects they will invest in have not yet been identified, the association said it was in talks with the National Treasury and the Development Bank of SA to prioritise them. In 2017, parliament’s standing committee on finance expressed deep concern about the lack of private-sector investment in the economy. This came at a time when the Group of 20 Global Infrastructure Hub estimated that SA needed to invest $464bn by 2040 in the water and electricity sectors to plug the country’s infrastructure gap and to tackle the demand that will result from population growth by 2040. At a breakfast commemorating Asisa’s 10th anniversary, CEO Leon Campher said the industry was "very willing and able" to invest where there were infrastructure gaps, as it did on the renewable energy independent power producers programme (REIPP). The investment com...
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