The Nature Conservancy (2026). Cape Water Performance-Based Bond Launched. Cape Town, 1 April 2026.
The implementer’s account of the deal. It assigns the roles (FirstRand Bank as issuer, project agent and conditional funding donor; RMB as arranger; Conservation Alpha as independent design and technical agent; TNC South Africa as implementer) and states that TNC South Africa receives R150 million over five years, as donations and related funding, for clearing through the Greater Cape Town Water Fund. The wiki uses it for the conservation side of the deal and for the fund’s progress toward its 54,300-hectare goal.