Krutham

03/09/2026

South Africa has R3.01tn of infrastructure projects in the pipeline. Krutham estimates that R2.1tn of this will require commercial capital, with banks expected to provide about 75%, or R1.568tn.

The five largest banks have set sustainable finance targets totalling R1.624tn. More than half of the infrastructure pipeline by value, however, remains at feasibility or planning stage and asset managers are still expected to provide a further R523bn.

Krutham’s latest thought leadership examines what needs to happen to move these projects through preparation, procurement and financial close, particularly in transmission, logistics and water.

Read and download Scaling sustainable finance for infrastructure:
https://www.krutham.com/reports/scaling-sustainable-finance-for-infrastructure/?utm_source=facebook&utm_medium=social&utm_campaign=scaling_sustainable_finance_infrastructure&utm_content=organic_post

Authors: Peter Attard Montalto, Matthew le Cordeur, Dr Cecilia Schultz and Bonolo Xhakaza.

28/08/2026

The fact that the decoupling would cost the US too has always been the assumed check keeping things in order. That confidence is now gone, writes Stuart Theobald in this week's Financial Mail column. Read more at

We are witnessing the end of the US century, and I don’t think the consequences have fully landed. Last week I was in a meeting with a global investor

28/08/2026

Regulators’ risk worries and investors’ wishes are heading the same way: outside the US-led system, writes Stuart Theobald in this week's Financial Mail column. Read more at

We are witnessing the end of the US century, and I don’t think the consequences have fully landed. Last week I was in a meeting with a global investor

28/08/2026

China’s cross-border interbank payment system (CIPS) is growing as more global banks – including Standard Bank, since June last year – sign up as an alternative to Swift, writes Stuart Theobald in this week's Financial Mail column. Read more at

We are witnessing the end of the US century, and I don’t think the consequences have fully landed. Last week I was in a meeting with a global investor

28/08/2026

It is going to hurt to leave the US-centric system behind. It lowered transaction costs for everyone – spreads and contract costs shrank as scale grew, and governments grew relaxed about surrendering financial sovereignty to US institutions, writes Stuart Theobald in this week's Financial Mail column. Read more at

We are witnessing the end of the US century, and I don’t think the consequences have fully landed. Last week I was in a meeting with a global investor

28/08/2026

We are witnessing the end of the US century, and I don’t think the consequences have fully landed, writes Stuart Theobald in this week's Financial Mail column. Read more at

We are witnessing the end of the US century, and I don’t think the consequences have fully landed. Last week I was in a meeting with a global investor

28/08/2026

Many major institutions are urgently but quietly trying to reduce exposure to
US-influenced economic infrastructure. As Krutham founder Stuart Theobald writes in this week's Financial Mail column, this shift will make the global financial system more fragmented and expensive, but institutions increasingly see those costs as a price worth paying to reduce the risks created by unpredictable US policy.

Visit www.krutham.com/insights/thought-leadership/stuart-theobald-when-trust-fades-the-high-cost-of-leaving-the-us-led-financial-system/ to read more.

We are witnessing the end of the US century, and I don’t think the consequences have fully landed. Last week I was in a meeting with a global investor

28/08/2026

At this year’s Social Outcomes Conference 2026, Krutham’s chair Stuart Theobald joins Agostina Coniglio of Keidos for a session on public procurement and outcomes funding.

The session will explore how outcome-based financing and contracting approaches fit within public procurement systems that are usually designed around activities and outputs.

Drawing on emerging practice from Africa and Latin America, it will examine how governments and practitioners structure, procure, implement and govern outcome-based contracts and financing mechanisms within existing regulatory frameworks.

Join the session on 4 September at 08:30 BST / 09:30 CAT at the Blavatnik School of Government, University of Oxford or online.

Explore the programme and secure your ticket: https://golab.bsg.ox.ac.uk/community/events/soc26/

27/08/2026

The government of national unity has shown that in the existing coalition, existing problems can be tackled, but new ones are problematic – consider AI, skills and economic diplomacy, writes Peter Attard Montalto. Read more at

Can South Africa do hard things? When I meet new diplomats who have just arrived in South Africa, they often say they are excited by the “opportunity and

27/08/2026

The recent Industrial Development Plan is a high level statement of intent rather than a detailed set of plans that can take on the hard job of turning manufacturing and industrialisation around. That is why in its present iteration it will achieve nothing, writes Peter Attard Montalto. Read more at

Can South Africa do hard things? When I meet new diplomats who have just arrived in South Africa, they often say they are excited by the “opportunity and