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Public - Private partnership financing in South Africa
This study argues that the financing options available to PPPs in the South African financial market are limited and only few traditional financing solutions, such as commercial bank debt, are available to project developers. While traditional financing solutions may provide an attractive and easy t...
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| Format: | Thesis |
| Language: | English |
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Department of Finance and Tax
2015
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| _version_ | 1867613212128575488 |
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| access_status_str | Open Access |
| author | Prüssing, Tim |
| author2 | Correia, Carlos |
| author_browse | Correia, Carlos Prüssing, Tim |
| author_facet | Correia, Carlos Prüssing, Tim |
| author_sort | Prüssing, Tim |
| collection | Thesis |
| description | This study argues that the financing options available to PPPs in the South African financial market are limited and only few traditional financing solutions, such as commercial bank debt, are available to project developers. While traditional financing solutions may provide an attractive and easy to obtain financing solution, they are not necessarily optimal, cheap or able to provide the best value for money (National Audit Office, 2001). This suggests that the South African financial market, which is so critical to the success of PPP projects, may in fact be hindering the development and efficiency of the market. The main research questions addressed in this study are: * what is a PPP and what does its typical structure look like; * what is the state of the South African PPP market including framework and number of projects procured; * what financing options and models are available to PPPs worldwide; and * what financing solutions have been employed on South African projects? In answering these questions, we particularly focus on the financing options available to PPPs. As part of this overview we discuss private sector and public sector solutions. Private sector solutions discussed include equity, debt and mezzanine finance. We give particularly focus to debt financing which tends to make up the majority of financing in a typical PPP. Public sector solutions include government contributions, guarantees as well as hybrid structures. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/15713 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:32:33.381Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | Department of Finance and Tax |
| publisherStr | Department of Finance and Tax |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/15713 Public - Private partnership financing in South Africa Prüssing, Tim Correia, Carlos Financial Management This study argues that the financing options available to PPPs in the South African financial market are limited and only few traditional financing solutions, such as commercial bank debt, are available to project developers. While traditional financing solutions may provide an attractive and easy to obtain financing solution, they are not necessarily optimal, cheap or able to provide the best value for money (National Audit Office, 2001). This suggests that the South African financial market, which is so critical to the success of PPP projects, may in fact be hindering the development and efficiency of the market. The main research questions addressed in this study are: * what is a PPP and what does its typical structure look like; * what is the state of the South African PPP market including framework and number of projects procured; * what financing options and models are available to PPPs worldwide; and * what financing solutions have been employed on South African projects? In answering these questions, we particularly focus on the financing options available to PPPs. As part of this overview we discuss private sector and public sector solutions. Private sector solutions discussed include equity, debt and mezzanine finance. We give particularly focus to debt financing which tends to make up the majority of financing in a typical PPP. Public sector solutions include government contributions, guarantees as well as hybrid structures. 2015-12-08T11:51:28Z 2015-12-08T11:51:28Z 2015 Master Thesis Masters MCom http://hdl.handle.net/11427/15713 eng application/pdf Department of Finance and Tax Faculty of Commerce University of Cape Town |
| spellingShingle | Financial Management Prüssing, Tim Public - Private partnership financing in South Africa |
| thesis_degree_str | Master's |
| title | Public - Private partnership financing in South Africa |
| title_full | Public - Private partnership financing in South Africa |
| title_fullStr | Public - Private partnership financing in South Africa |
| title_full_unstemmed | Public - Private partnership financing in South Africa |
| title_short | Public - Private partnership financing in South Africa |
| title_sort | public private partnership financing in south africa |
| topic | Financial Management |
| url | http://hdl.handle.net/11427/15713 |
| work_keys_str_mv | AT prussingtim publicprivatepartnershipfinancinginsouthafrica |