ASISA membership exposure to Infrastructure Investments as at 31 December 2021


Infrastructure Investment exposure positioning statement

As at the end of December 2021 the ASISA membership had invested into unlisted infrastructure investments to the value of R97.6 billion. This was made up of 1/3 equity and 2/3 debt. They had a further exposure to listed State Owned Enterprises and Local Authority bonds to the value of R181 billion.

In Bid Window 6 for Renewable Energy (the latest bid window ), which opened April 2022, over R200 billion worth of projects were approved. This will provide some opportunities for ASISA members to increase their exposure to infrastructure investments over the next two years. This should be further enhanced by President Cyril Ramaphosa’s announcements on Monday, 25 July 2022, paving the way for greater private sector participation in power generation.

ASISA has been playing an important role in assisting government, through Infrastructure South Africa (ISA), to develop a pipeline of more broadly based infrastructure projects that the ASISA membership will ultimately be able to invest in. This assistance has come in the form of funding experienced retired engineers to be seconded to ISA to transfer skills to the permanent staff complement. The nature of infrastructure projects is very long term so it will still be quite some time before a regular stream of investable projects will flow from the pipeline.