This paper seeks to identify the potential quantum of PPP equity that will be available for the establishment of a South African PPP Secondary Market and to identify the likely developmental stages of a local Secondary Market based on the evolution of the UK's PPP Secondary Market.The availability of an active PPP Secondary Market should attract more investors to the South African PPP market as it will provide investors with a well-defined exit route that would allow bidders to sell most of their equity stakes once projects become operational. A further benefit to the Southern African market would be that developers could recycle their equity through the PPP Secondary Market to fund a larger number of projects instead of tying-up the equity for the full concession period.