South Africa Taps Gulf Know-How for $9.5 Billion Property Plan
South Africa is working with Middle East sovereign wealth funds to create a fundraising vehicle for a new state firm. This firm will manage the country's $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.
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