Published: Friday, 15 August 2014 16:43
Published: Friday, 15 August 2014 16:43
Royal Bafokeng Holdings (RBH) has committed an investment of R200 million into the STANLIB Infrastructure Fund 1. The total fund size will be R1.2 billion which gives RBH a minority interest of 16.7%.
This investment is consistent with RBH’s investment growth and diversification strategy. STANLIB created this fund with an initial focus on renewable energy projects and it also covers other infrastructure opportunities across Africa.
“This investment in STANLIB is a wonderful opportunity that speaks to the diversification plan of RBH and it enhances our existing investment portfolio. We are very excited to work with like-minded people whose values, behavior and investment philosophies resonate with ours,"said Mluleki Majola, Manager: Strategic Investment.
For further information contact:
Siza Majola
Royal Bafokeng Holdings
Senior Manager: Stakeholder relations
+27 81 473 6852
siza@bafokengholdings.com