A black women-led infrastructure investment group with 1bn rand of assets under management 56m has been formed in South Africa to invest in the country and the wider region.
Motseng Ideas Infrastructure Group MIIG - formed by Motseng Investment Holdings and African Infrastructure Investment Managers AIIM through its IDEAS Fund - is 67 owned by black investors and 57 by black women.
The firm's immediate focus will be on delivering public-private partnership projects across sectors including social infrastructure, healthcare and government office accommodation across South Africa and the wider Southern African Development Community SADC region.