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Municipal bonds have been the chief engine for infrastructure growth in the United States for more than 100 years. Today, roughly three-quarters of US infrastructure has been funded with the help of municipal bonds, making them the cornerstone of the country’s infrastructure strategy. Muni bonds fund the building blocks of a competitive, modern economy.
While it seems increasingly likely France will vote for a centrist pro-Europe government, the shocks of Brexit and the election of Donald Trump in the US prove that nothing is certain.
Over the past two decades, private equity (PE) in Africa has emerged as an expanding asset class, both in funds raised and capital deployed.
Despite South Africa’s contracted economic growth forecast at the end of 2016 the performance of the South African private equity industry ended the year on a positive trajectory, demonstrating the asset class’s ability to continually source attractive deals and produce favourable returns amidst challenging local market conditions.
The strongest deterrent against FSP compliance missteps is or should be: