Ninety One’s R10bn fund to target SMEs with more than R300m in annual revenue
The fund will seek a commercial return and help to shore up the balance sheets of SA firms hit by Covid-19
08 June 2020 - 09:17
Ninety One's R10bn investment fund to help some of the businesses hardest hit by the Covid-19 and a lockdown that's into its third month will focus on companies not covered by existing rescue schemes.
The Ninety One SA Recovery Fund, set up with private equity company Ethos, will steer cash towards businesses that are too big to benefit from initiatives such as the credit guarantee scheme the government launched in May, but do not have the market power to raise finance independently like the country's corporate heavyweights...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.