Using project bonds to fund South Africa's infrastructure development

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dc.contributor.advisorOcran, Matthewen_ZA
dc.contributor.advisorBiekpe, Nicholasen_ZA
dc.contributor.authorSithole, Londa Leon Zinhleen_ZA
dc.date.accessioned2018-11-02T09:31:37Z
dc.date.available2018-11-02T09:31:37Z
dc.date.issued2016en_ZA
dc.description.abstractThe growing use of project bonds in funding infrastructure globally deserves attention. Although primarily dominated by the developed markets, emerging markets such as Latin America and Asia have also been successful in using project bonds to finance their infrastructure projects. The project bond market in South Africa remains insignificant, with only a few episodic issuances in the last decade. Given the size of the country's capital markets, institutional investor base and experience with project finance transactions; one would expect the country to have a sizeable project bond market. This paper aims to investigate whether or not South Africa has the capacity to use project bonds to fund its infrastructure development. As government finances take strain, and as bank funding becomes unavailable due to Basel III, South Africa will need to look to the capital markets for the funding of its ambitious infrastructure plan. This paper finds that South Africa should begin to use project bonds and capital markets to fund its infrastructure development. However, more needs to be done on the regulatory and legal side to ensure that the country continues to attract foreign investment for infrastructure development.en_ZA
dc.identifier.apacitationSithole, L. L. Z. (2016). <i>Using project bonds to fund South Africa's infrastructure development</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Research of GSB. Retrieved from http://hdl.handle.net/11427/28985en_ZA
dc.identifier.chicagocitationSithole, Londa Leon Zinhle. <i>"Using project bonds to fund South Africa's infrastructure development."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Research of GSB, 2016. http://hdl.handle.net/11427/28985en_ZA
dc.identifier.citationSithole, L. 2016. Using project bonds to fund South Africa's infrastructure development. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Sithole, Londa Leon Zinhle AB - The growing use of project bonds in funding infrastructure globally deserves attention. Although primarily dominated by the developed markets, emerging markets such as Latin America and Asia have also been successful in using project bonds to finance their infrastructure projects. The project bond market in South Africa remains insignificant, with only a few episodic issuances in the last decade. Given the size of the country's capital markets, institutional investor base and experience with project finance transactions; one would expect the country to have a sizeable project bond market. This paper aims to investigate whether or not South Africa has the capacity to use project bonds to fund its infrastructure development. As government finances take strain, and as bank funding becomes unavailable due to Basel III, South Africa will need to look to the capital markets for the funding of its ambitious infrastructure plan. This paper finds that South Africa should begin to use project bonds and capital markets to fund its infrastructure development. However, more needs to be done on the regulatory and legal side to ensure that the country continues to attract foreign investment for infrastructure development. DA - 2016 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2016 T1 - Using project bonds to fund South Africa's infrastructure development TI - Using project bonds to fund South Africa's infrastructure development UR - http://hdl.handle.net/11427/28985 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/28985
dc.identifier.vancouvercitationSithole LLZ. Using project bonds to fund South Africa's infrastructure development. [Thesis]. University of Cape Town ,Faculty of Commerce ,Research of GSB, 2016 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/28985en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentResearch of GSBen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherDevelopment Financeen_ZA
dc.titleUsing project bonds to fund South Africa's infrastructure developmenten_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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