The National Treasury duly represented by Director-General Mr Dondo Mogajane and the Development Bank of Southern Africa (DBSA) duly represented by the CEO Mr Patrick Dlamini and the Department of Public Works and Infrastructure duly represented by the CEO of Infrastructure South Africa (ISA), Dr Kgosientsho Ramokgopa, will on 17 August 2020 enter into a Memorandum of Agreement in respect of the DBSA’s mandate to establish and manage the Infrastructure Fund.
The Infrastructure Fund which is a R100 billion commitment for seed funding over a period of 10 years, is intended as government funding and ancillary support for co-financing of blended finance programmes and projects, including financing from the private sector and international financing institutions as part of the broader budgeting reforms that the Government is undertaking to address problems in the infrastructure value chain.
Members of the media are invited to cover the signing ceremony and the press brief that will follow. Details are as follows:
Signing Ceremony:
Date: 17 August 2020
Time: 11:15
Venue: Development Bank of Southern Africa, 1258 Lever Road, Headway Hill, Midrand (attendance limited to signatories only)
Virtual attendance: Webex Webinar
Media Brief:
Date: 17 August 2020
Time: 11:30
Venue: Webex Webinar
Media Participation:
Journalists may join media briefing via Webex Webinar. All journalist interested to join via Webex Webinar, please fill in an online form found on this link:Infrastructure Fund MoA Signing Media Briefing RSVP Form to receive log in details to Webex.
Enquiries:
National Treasury: Cleo Mosana - media@treasury.gov.za
Development Bank of Southern Africa: Sebolelo Matsoso– SeboleloM@dbsa.org
Department of Public Works and Infrastructure-Infrastructure South Africa: Nombulelo Nyathela – Nombulelo@presidency.gov.za
