Infrastructure Empowerment Fund (IEF)

FUND MATURITY

June 2018

FUND STATUS

Fully realised

FUND SIZE

ZAR648,9 million

FUND CLOSE

September 2006

DESCRIPTION

IEF promotes empowerment objectives and investments in infrastructure projects in South Africa. 

IEF acquired and disposed of equity interests in a coal-fired power plant, a telecommunications company, two toll roads and a renewable energy asset.

IEF was fully realised in 2018 through a structured exit at asset level and a secondary market unit sale for investors.

REALISED INVESTMENTS

Bakwena, South Africa (Exited 2018)
Interest in a 385km toll road

TRAC, South Africa & Mozambique (Exited 2017)
Interest in a 570km toll road

Umoya, South Africa (Exited 2017)
Interest in a 67MW wind farm 

Kelvin, South Africa (Exited 2012)
Interest in a 600MW coal-fired power station

Neotel, South Africa (Exited 2012)
Interest in a fixed-line telecommunications company