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Infrastructure in South Africa: Who is to finance and who is to pay?

Author

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  • Estian Calitz

    () (Department of Economics, Stellenbosch University)

  • Johan Fourie

    () (Department of Economics, Stellenbosch University)

Abstract

Against the backdrop of shifting views on the role of government in the provision of infrastructure, this paper distinguishes between the payment for and financing of the South African Government’s infrastructure investment programme. The paper also presents a classification system that enables a systematic mapping of all prospective projects, with reference to considerations of efficiency and equity. This mapping should assist in macro planning and in any analysis of the financial implications of project financing and cost recovery at all levels of government. The government’s financing strategy is questioned and alternatives are identified. The prospects for mobilising funds other than tax revenue are assessed, namely government loans, private equity, development finance and donor funds. Four investment projects are considered with a view to testing the classification system and evaluating the chosen financing options in terms of economic criteria.

Suggested Citation

  • Estian Calitz & Johan Fourie, 2007. "Infrastructure in South Africa: Who is to finance and who is to pay?," Working Papers 15/2007, Stellenbosch University, Department of Economics.
  • Handle: RePEc:sza:wpaper:wpapers46
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    File URL: https://www.ekon.sun.ac.za/wpapers/2007/wp152007/wp-15-2007.pdf
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    References listed on IDEAS

    as
    1. Irving, Jacqueline & Manroth, Astrid, 2009. "Local sources of financing for infrastructure in Africa : a cross-country analysis," Policy Research Working Paper Series 4878, The World Bank.
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    Cited by:

    1. Gasmi, Farid & Lika, Ba & Noumba Um, Paul, 2010. "Is the level of financial sector development a key determinant of private investment in the power sector?," TSE Working Papers 10-194, Toulouse School of Economics (TSE).
    2. Ba, Lika & Gasmi, Farid, 2011. "To what extent do infrastructure and financial sectors reforms interplay? Evidence from panel data on the power sector in developing countries," TSE Working Papers 11-264, Toulouse School of Economics (TSE).
    3. repec:ids:ijsuse:v:9:y:2017:i:3:p:231-249 is not listed on IDEAS
    4. Andrew Phiri, 2017. "Nonlinearities in Wagner's law: further evidence from South Africa," International Journal of Sustainable Economy, Inderscience Enterprises Ltd, vol. 9(3), pages 231-249.
    5. Johan Fourie, 2016. "The long walk to economic freedom after apartheid, and the road ahead," Working Papers 11/2016, Stellenbosch University, Department of Economics.
    6. Ba, Lika & Gasmi, Farid, 2011. "To what extent do infrastructure and financial sectors reforms interplay? Evidence from panel data on the power sector in developing countries," IDEI Working Papers 692, Institut d'Économie Industrielle (IDEI), Toulouse.

    More about this item

    Keywords

    Infrastructure financing; government loans; benefit taxation; guarantees; private-public partnerships; South Africa;

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures

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