Gaia plans to list on the JSE next month

Gaia Infrastructure Capital, a company focused on infrastructure and renewable energy projects, is planning to list on the JSE next month. It hoped to raise R500 million, the company said yesterday. Gaia chief executive John Oliphant said the reason for the JSE listing was to enhance the profile of the infrastructure asset class. The listing price is expected to be R10 a share, with a target dividend yield of inflation plus 2.5 percent on net asset value. – Dineo Faku