Sanlam Investments has committed R2.25 billion (about $131.7 million) of its own capital to seed three South Africa-focused funds.

The three impact funds, named the Investors’ Legacy range, share the common goal of backing companies negatively affected by Covid-19, but which have a strong likelihood of producing sustainable cashflows after the pandemic should they receive the required financial support.

Each fund focuses on a different part of the market – SMEs, mid-market a...