Aluwani Capital Partners (2026). ALUWANI 2026 Stewardship Report. Published August 2026.

The asset manager’s annual report on responsible investment. It gives R169.3 billion under management at 30 June 2026 and, in the case study “Financing Water Security”, explains its holding in the bond as “a deliberate effort to allocate capital to this underpenetrated segment”, noting that “Investors provide upfront funding and assume execution risk.” The wiki takes from it the view of a local institutional investor, which differs from FSD Africa’s on how much risk noteholders carry.

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