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South Africa Taps Gulf Know-How for $9.5 Billion Property Plan

Key Points

Middle East sovereign wealth funds, backed by trillions of dollars in assets, have advised South Africa to create a fundraising vehicle as part of a plan for a new state firm that will manage its 155 billion-rand ($9.5 billion) property portfolio.

Middle East sovereign wealth funds, backed by trillions of dollars in assets, have advised South Africa to create a fundraising vehicle as part of a plan for a new state firm that will manage its 155 billion-rand ($9.5 billion) property portfolio.
South Africa Taps Gulf (LOCATION) Middle East (LOCATION) South Africa (LOCATION)
Originally published by Bloomberg Markets Read original →