South Africa · FINANCE
Key Facts
—Vehicle structure: The Credit Guarantee Vehicle is a privately run, non-life insurance-type entity hosted by the Development Bank of Southern Africa and regulated by the Prudential Authority.
—Initial capital: The vehicle targets a US$500 million capital base, with National Treasury providing up to US$100 million in first-loss capital via a World Bank loan approved on 24 February 2026.
—Expected mobilisation: Over a 10-year period the vehicle is expected to mobilise about US$10 billion from private investors, commercial lenders and institutional investors.
