Investment policy

 pdfico Revised Investment Policy to be approved at the Annual General Meeting

GAIA’s Investment Policy is to invest in infrastructure projects in South Africa and meet the following investment criteria:

  • investments in operational or near operational projects, being projects not more than 6 months from commercial operation
  • investments with a targeted return of CPI plus 6% (six percent) before costs
  • investments with visible environmental, social and governance policy appreciation
  • investments with low risk and attractive long-term in action-linked predictable cash generation profiles
  • investments of not less than R50 000 000 ( fifty million Rand) per investment
  • ensuring management value-add and directorship roles to further optimise the underlying assets
  • investments into ordinary equity or any other financial instruments giving economic benefits and returns that meet the target investment returns
  • investments with acceptable third party credit risk exposure