National Treasury has published a draft policy intended to underpin a sustainable infrastructure credit guarantee vehicle expected to be launched in July 2026, according to Engineering News. No call has been made for stakeholder input.
The document includes a brief section on government’s sustainable infrastructure investment strategy, the wording of which tends to suggest that the credit guarantee vehicle envisaged is already in place. However, recent media articles clearly state otherwise. Expected to be ready in time for the ‘first private grid projects’ (Engineering News), this ‘new majority privately owned financing vehicle’ will prioritise mobilising private capital to support just energy transition and climate resilience interventions.
To that end, the draft policy notes, among other things, that the credit guarantee vehicle:
Once finalised, the policy will apply to ‘all infrastructure sub-sectors eligible for support under the credit guarantee vehicle’, including:
A recent Polity article quotes Deputy Finance Minister David Masondo as having assured potential investors that the credit guarantee vehicle ‘will cover projects, not entities, and won’t be a funding platform in itself’. More details may become available when Finance Minister Enoch Godongwana presents his Medium Term Budget Policy Statement.
Published by SA Legal Academy Policy Watch
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