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New black empowerment fund open for business

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(iStock)
(iStock)

Johannesburg – New black empowerment property fund, Izandla Property, will turn its attention to various transformation objectives in the South African economy.

The property fund which is 65% black-owned, is supported by Investec Property and Investec Property Fund and was launched on Thursday.

Investec Property (IP) will provide the fund management with needed skills, expertise and knowledge to develop it into an independently functioning fund within the next five to 10 years. Investec Property Fund (IPF) will provide much needed capital.

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