STANLIB has announced that it has successfully raised R5.5 billion (about $370.2 million) from a wide range of prominent South African investors for the STANLIB Infrastructure Fund II, launched in June this year. The fund will have a fourth and final close in February 2021 where it is aiming to raise a further R2.4 billion (about $161.6 million).

“We see this as a highly positive sign, at a time when President Cyril Ramaphosa has called on the private sector to invest in infrastructu...