$500m Credit Guarantee Vehicle to be launched in time for first private grid projects

The National Treasury has confirmed that it will inject 20% of the $500-million initial funding required to set up the Credit Guarantee Vehicle (CGV) being established to derisk South African public infrastructure projects that will be built by private investors without recourse to any government guarantees. The CGV will be set up as a private non-life insurance company, regulated by the Prudential Authority, in July 2026; a timeline that is aligned to the scheme supporting the first independent transmission projects (ITPs) that will be procured in the coming months.