Credit growth across the banking sector is tepid due to the tough economy, and unless the new Government of National Unity continues the momentum to sustain structural reforms, this anaemic growth will likely continue indefinitely, says Mergence Investment Managers senior investment analyst Radebe Sipamla. Because the government has reached a situation where debt levels have become too elevated, it will likely increasingly need to partner with players in the financial services space – such as banks, insurers and asset management firms – that have robust capital levels and high cash balances, and are seeking opportunities to invest in infrastructure-related projects in partnership with the government offering attractive returns.

Fixing SA’s water crisis – why private capital must be part of the solution
Public-private partnerships in the water sector: Chito Siame, Head: Private Equity at Mergence Investment Managers, examines the need for private