{"id":{"repo_id":"cape-town","oai_identifier":"oai:open.uct.ac.za:11427/28985"},"canonical_url":"https://search.dev.ndltd.org/etd/cape-town/oai:open.uct.ac.za:11427/28985","repository":{"repo_id":"cape-town","name":"University of Cape Town","base_url":"https://open.uct.ac.za/oai/request"},"display":{"title":"Using project bonds to fund South Africa's infrastructure development","abstract":"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.","abstract_html":"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.","abstract_has_math":false,"creators":["Sithole, Londa Leon Zinhle"],"institution":"Research of GSB","degree_name":null,"degree_level":null,"degree_discipline":null,"degree_department":null,"school":null,"contributors":[],"advisors":["Ocran, Matthew","Biekpe, Nicholas"],"committee_chairs":[],"committee_members":[],"year":2016,"date_issued":"2016","date_published":"2016","updated_at":"2026-07-22T22:23:12Z","subjects":[],"languages":["eng"],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"http://hdl.handle.net/11427/28985","outbound_label":"Handle","outbound_source":"dc:identifier.uri"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.advisor","label":"Advisor","values":["Ocran, Matthew","Biekpe, Nicholas"]},{"key":"dc:creator","label":"Author","values":["Sithole, Londa Leon Zinhle"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.accessioned","label":"Dc Date Accessioned","values":["2018-11-02T09:31:37Z"]},{"key":"dc:date.available","label":"Dc Date Available","values":["2018-11-02T09:31:37Z"]},{"key":"dc:date.issued","label":"Date","values":["2016"]},{"key":"dc:publisher.department","label":"Dc Publisher Department","values":["Research of GSB"]},{"key":"dc:publisher.institution","label":"Dc Publisher Institution","values":["University of Cape Town"]},{"key":"dc:type","label":"Dc Type","values":["Master Thesis"]},{"key":"dc:type.qualificationlevel","label":"Dc Type Qualificationlevel","values":["Masters"]},{"key":"dc:type.qualificationname","label":"Dc Type Qualificationname","values":["MCom"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language.iso","label":"Language (ISO)","values":["eng"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["http://hdl.handle.net/11427/28985"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["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."]},{"key":"dc:title","label":"Title","values":["Using project bonds to fund South Africa's infrastructure development"]}]}],"canonical_facts":{"dc:contributor.advisor":["Ocran, Matthew","Biekpe, Nicholas"],"dc:creator":["Sithole, Londa Leon Zinhle"],"dc:date.accessioned":["2018-11-02T09:31:37Z"],"dc:date.available":["2018-11-02T09:31:37Z"],"dc:date.issued":["2016"],"dc:description.abstract":["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."],"dc:identifier.uri":["http://hdl.handle.net/11427/28985"],"dc:language.iso":["eng"],"dc:publisher.department":["Research of GSB"],"dc:publisher.institution":["University of Cape Town"],"dc:title":["Using project bonds to fund South Africa's infrastructure development"],"dc:type":["Master Thesis"],"dc:type.qualificationlevel":["Masters"],"dc:type.qualificationname":["MCom"]},"updated_at":"2026-07-22T22:23:12Z"}