Free State Business 2017 edition

FOCUS
Old Mutual: doing great things
in the Free State
Old Mutual has invested in housing, renewable energy, education
and more in the Free State.
Kevin de Beer, Old Mutual
Free State Provincial
Management Board
Chairperson
Crystal Park – Old Mutual investing in affordable housing.
Thousands of affordable homes, roads and railways, renewable-energy
projects, investment in education, support for the needy and vulnerable,
and capital expenditure on projects that benefit communities
are just some of the initiatives in which Old Mutual is involved in the
Free State.
“Enabling positive futures is what our business is all about,“ says
Kevin de Beer, Old Mutual Free State Provincial Management Board
Chairperson, “and we’re immensely proud of the positive long-term
and beneficial impacts we’re making in this wonderful province.”
To date, the Housing Impact Fund South Africa (HIFSA), managed
by Old Mutual Investment Group boutique, Old Mutual Alternative
Investments, has invested R9-billion in the planned development
of 2 550 affordable homes for sale and rent in the province. These
comprise 2 208 greenfield housing units, 105 rental units and 237
units for student accommodation. Crystal Park and Raceway Park in
Bloemfontein are just two of these projects.
HIFSA also provides housing loans and rental accommodation
for families and students, and aims to help fill the gap in the market
between government-provided housing and those who have access
to bank finance to purchase their
own homes.
Old Mutual Investment
Group has committed close to
R30-billion in areas that specifically
drive long-term inclusive
economic growth, such as education,
affordable housing, lowcarbon
energy, agriculture and
infrastructure in South Africa. The
Infrastructural, Developmental
and Environmental Assets (IDEAS)
Managed Fund, managed by Old
Mutual Alternative Investments,
is made available to institutional
investors who wish to invest in
economic infrastructure such as
roads and railways, social infrastructure
including housing and
public-private partnerships, and
renewable energy like solar, wind
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