{"id":88502,"date":"2015-05-26T09:44:35","date_gmt":"2015-05-26T07:44:35","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=88502"},"modified":"2015-05-26T09:44:35","modified_gmt":"2015-05-26T07:44:35","slug":"johann-rupert-backed-fund-raises-r4-billion","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/88502\/johann-rupert-backed-fund-raises-r4-billion\/","title":{"rendered":"Johann Rupert-backed fund raises R4 billion"},"content":{"rendered":"<p>A fund backed by two of South Africa&#8217;s wealthiest businessmen, has raised R4.14 billion ($345 million) to invest in electricity generation, transport and logistics on the African continent.<\/p>\n<p>According to Bloomberg News, Pembani Remgro Infrastructure Fund\u00a0&#8211;\u00a0started in 2012, by South Africa&#8217;s richest man, Johann Rupert, and\u00a0MTN Group chairman,\u00a0Phuthuma Nhleko\u00a0&#8211;\u00a0has raised $245 million, with further access to $100 million from the US government\u2019s Overseas Private Investment.<\/p>\n<p>CEO of the fund, Herc van Wyk told Bloomberg that the fund aims to raise up to $500 million.<\/p>\n<p>\u201cWe see interesting opportunities coming up in the infrastructure space,\u201d van Wyk said. \u201cThe opportunity, first and foremost, is power generation.\u201d<\/p>\n<p>Pembani Remgro is jointly owned by Remgro\u00a0&#8211;\u00a0of which Rupert is the chairman\u00a0&#8211;\u00a0Nhleko, and an investment team led by van Wyk.<\/p>\n<h3 class=\"my-4\">More on South Africa<\/h3>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/mobile\/38822\/phuthuma-nhleko-rejoins-mtn\/\"><strong>Phuthuma Nhleko rejoins MTN<\/strong><\/a><\/p>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/international\/81641\/these-are-south-africas-richest-people\/\">These are South Africa\u2019s richest people<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A fund backed by two of South Africa&#8217;s wealthiest businessmen, has raised R4.14 billion to invest in electricity generation, transport and logistics on the African continent.<\/p>\n","protected":false},"author":10,"featured_media":45198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[25,4666,28,2181,2591],"class_list":["post-88502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-active","tag-johann-rupert","tag-mtn","tag-phuthuma-nhleko","tag-remgro"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/88502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=88502"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/88502\/revisions"}],"predecessor-version":[{"id":88518,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/88502\/revisions\/88518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/45198"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=88502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=88502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=88502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}