The Eskom Pension and Provident Fund (EPPF) launched a debt fund designed for South African Small and Medium Enterprises (SMEs). Sanlam Investments has been appointed as the external manager of the fund. The EPPF has committed R350 million to the investment pool, while Sanlam co-invested R50 million. According to Sanlam, the fund aims to help businesses that traditional lending institutions currently underserve. The fund will prioritise businesses of three years and older, in the manufacturing and agro-processing sectors.
