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Bayakha Infrastructure Partners
Bayakha is a Zulu word meaning: “they are building; bringing forth or producing; creating.” With South Africa having seen its steepest economic contraction since democracy, it is time for a focused approach to implementing South Africa’s Economic Recovery Plan and rebuilding the economy.
The recently held Sustainable Infrastructure Development Symposium (SIDS) demonstrated a recognition on the part of the South African government of the benefits of an infrastructure-led growth plan. According to SIDS, South Africa needs an investment target of at least 30% (from the current 16% to 18%) to transform herself into an investment-led economy.
In addition, Covid-19 has had an adverse impact on the South African economy and has reduced the government’s ability to play a larger role in direct infrastructure finance, thus a targeted approach aimed at drawing the private sector into the national infrastructure investment plan will be central to the success of South Africa’s Economic Recovery Plan.
We appreciate that the growing focus on infrastructure development provides a case for the emergence of specialist fund-management capabilities in this sector. Thus, established in 2016, Bayakha seeks to respond to the demand for transformational infrastructure finance by targeting areas where gaps or backlogs in economic development have not been adequately addressed by the dominant financial institutions and government.
Bayakha Infrastructure Partners is an authorised, 100% Black-owned, specialist private markets fund manager licensed by the Financial Sector Conduct Authority as a Category II financial services provider (FSP number: 47414). Bayakha is a member of the Southern African Venture Capital and Private Equity Association (SAVCA) and is part of the inaugural SAVCA Fund Manager Development Programme.
Our flagship fund, the Bayakha Economic Infrastructure Fund expects to make equity and empowerment financing/structured equity investments into eight to ten qualifying, brownfield and late-stage greenfield renewable energy and other economic infrastructure projects (such as water, transport and ICT) in South Africa (SA), primarily, and to a lesser extent, select parts of Sub-Saharan Africa (SSA).
Key characteristics of the Fund include firstly its indefinite lifespan, and secondly the ability of Investors to unilaterally subscribe for or redeem their investments at regular intervals pursuant to the withdrawal mechanics. Investors will also generally be free to transfer their interest on the secondary market.
Get In Touch With Bayakha
3 Centrex Close, Brooklyn Place,
Eastgate, Kramerville, Sandton, 2196
T: +27 (0)11 568 9834
Ngoku-Sakhile Mazwi (CEO)
T: +27 (0)76 650 8882
Thokozile Zambame (COO)
T: +27 (0)82 334 0300
Bayakha Infrastructure Partners is licensed as an authorized financial services provider under the jurisdiction of the Financial Sector Conduct Authority of South Africa in terms of the Financial Advisory and Intermediary Services Act, 2002 (Act No.37 of 2002), (FSP number 47414)
© 2022 Bayakha Infrastructure Partners