STANLIB Asset Management, one of the largest investors in South African infrastructure, has joined forces with New GX Investments to create a long-term capital digital infrastructure platform that will invest in fibre, towers and data centre infrastructure.

STANLIB has invested over R2.4 billion (about $156.3 million) in the Pitje-family-controlled company, New GX, to accelerate the roll-out of digital access across the country.

The parties intend to raise a further R7 billion (...