A structured private credit facility has been deployed by Tech Credit Fund to TOGIT, a fully youth-owned Black telecommunications and IT infrastructure services company, in a move aimed at accelerating network expansion and strengthening operational capacity across projects.
The investment underscores the capital-intensive nature of telecommunications infrastructure development in South Africa, where rollout programmes require substantial upfront funding for equipment, mobilisation and working capital aligned with project revenue cycles — conditions that conventional lending models often struggle to accommodate.
Chief Executive Officer of the fund, Pramod Venkatesh, said the facility reflects a targeted strategy to provide financing structures tailored to infrastructure businesses. According to him, telecom deployment demands disciplined execution and funding timelines that correspond with delivery phases, adding that the beneficiary firm has demonstrated the technical capacity and growth trajectory suited to such capital solutions.
The financing arrangement has been designed to mirror the company’s contracted infrastructure projects and income model, with proceeds earmarked for fibre deployment, telecommunications build-outs and enhanced delivery capability across public and private sector engagements.
Director of the company, Siyabonga Nkumane, described the funding as a major milestone that will enable faster infrastructure rollout while preserving operational discipline. He noted that access to growth-aligned capital is critical for firms operating in infrastructure-heavy sectors where execution speed and resource mobilisation determine competitiveness.
Industry observers say the transaction highlights a broader shift toward alternative financing channels for technology and telecom infrastructure firms, as specialised credit providers move to bridge funding gaps faced by growth-stage companies seeking expansion without traditional bank constraints.
