Identifier
Created
Classification
Origin
06PRETORIA5095
2006-12-21 11:40:00
UNCLASSIFIED
Embassy Pretoria
Cable title:
SOUTH AFRICA RESPONSE TO OPIC-SUPPORTED INVESTMENT
how-toVZCZCXRO1133 RR RUEHDU RUEHJO DE RUEHSA #5095 3551140 ZNR UUUUU ZZH R 211140Z DEC 06 FM AMEMBASSY PRETORIA TO RUEHC/SECSTATE WASHDC 7389 INFO RUEHAM/AMEMBASSY AMMAN 0140 RUEHAK/AMEMBASSY ANKARA 0156 RUEHTN/AMCONSUL CAPE TOWN 3748 RUEHDU/AMCONSUL DURBAN 8428 RUEHIT/AMCONSUL ISTANBUL 0086 RUEHJO/AMCONSUL JOHANNESBURG 5923
UNCLAS PRETORIA 005095
SIPDIS
SIPDIS
PLEASE PASS TO OPIC FOR AMIE PATEL AND BILL PEARCE
E.O. 12958: N/A
TAGS: EINV OPIC SF
SUBJECT: SOUTH AFRICA RESPONSE TO OPIC-SUPPORTED INVESTMENT
FUND
REF: STATE 200494
UNCLAS PRETORIA 005095
SIPDIS
SIPDIS
PLEASE PASS TO OPIC FOR AMIE PATEL AND BILL PEARCE
E.O. 12958: N/A
TAGS: EINV OPIC SF
SUBJECT: SOUTH AFRICA RESPONSE TO OPIC-SUPPORTED INVESTMENT
FUND
REF: STATE 200494
1. Per request in reftel, post provides the following
comments regarding OPIC's proposed backing of Ethos Fund V.
-- Capital to build houses will improve the serious shortage
of low-income housing in South Africa and is compatible with
SAG's current housing policies.
-- Funds for housing are provided by other sources,
including SAG programs, charitable funds, and commercial
banks, many of which make use of USAID loan guarantee
programs. However, additional capital from other sources,
such as OPIC, are still necessary to help meet current
housing needs.
-- USAID officers are aware of the Ethos Fund, and do not
know of any problems associated with this Fund.
BOST
SIPDIS
SIPDIS
PLEASE PASS TO OPIC FOR AMIE PATEL AND BILL PEARCE
E.O. 12958: N/A
TAGS: EINV OPIC SF
SUBJECT: SOUTH AFRICA RESPONSE TO OPIC-SUPPORTED INVESTMENT
FUND
REF: STATE 200494
1. Per request in reftel, post provides the following
comments regarding OPIC's proposed backing of Ethos Fund V.
-- Capital to build houses will improve the serious shortage
of low-income housing in South Africa and is compatible with
SAG's current housing policies.
-- Funds for housing are provided by other sources,
including SAG programs, charitable funds, and commercial
banks, many of which make use of USAID loan guarantee
programs. However, additional capital from other sources,
such as OPIC, are still necessary to help meet current
housing needs.
-- USAID officers are aware of the Ethos Fund, and do not
know of any problems associated with this Fund.
BOST