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Mahlako Financial Services announces R1.5 billion energy fund
By Dieketseng Maleke
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In an effort to transform the energy sector, Mahlako Financial Services has announced that it has established a R1.5 billion fund to invest in energy projects across the country that have growth potential.
Speaking to Business Report Online, Mahlako Financial Services co-founder Makole Mupita said the fund hoped to unlock access to capital, especially for black businesses.
“We feel that the energy industry played a critical role in the South African economy and those in the majority must also play a role,” she said.
Mahlako Financial Services is a subsidiary of the Mahlako a Phahla. Mahlako is co-owned by sisters, Makole Mupita and Meta Mhlarhi.