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The risk appetite of development finance institutions (DFIs) and funding for start-ups in South Africa
Using publicly available data from three South African Development Finance Institutions (DFI's), this study examines the risk appetite of Business Partners (BP), the National Empowerment Fund (NEF) and the Small Enterprise Finance Agency (SEFA). This study analyses data between 2011 and 2015 to dete...
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| Format: | Thesis |
| Language: | English |
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Research of GSB
2018
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| _version_ | 1867614331805368320 |
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| access_status_str | Open Access |
| author | Nkosi, Thabiso |
| author2 | Biekpe, Nicholas |
| author_browse | Biekpe, Nicholas Nkosi, Thabiso |
| author_facet | Biekpe, Nicholas Nkosi, Thabiso |
| author_sort | Nkosi, Thabiso |
| collection | Thesis |
| description | Using publicly available data from three South African Development Finance Institutions (DFI's), this study examines the risk appetite of Business Partners (BP), the National Empowerment Fund (NEF) and the Small Enterprise Finance Agency (SEFA). This study analyses data between 2011 and 2015 to determine the DFI's risk appetite and to identify key determinants of risk appetite with regard to funding SMEs, specifically startups. The study's findings reveal that South African DFI's have a high to extremely high-risk appetite level and that state-owned DFI's, NEF and SEFA have a higher risk appetite for funding SMEs specifically startup related loan products than private DFI BP. The study's findings also illustrates that South African DFI's risk appetites have a weaker negative relationship with shorter-term financial products than longer-term financial products indicating a higher risk appetite for funding shorter-term financial products. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/27369 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:50:21.195Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2018 |
| publishDateRange | 2018 |
| publishDateSort | 2018 |
| publisher | Research of GSB |
| publisherStr | Research of GSB |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/27369 The risk appetite of development finance institutions (DFIs) and funding for start-ups in South Africa Nkosi, Thabiso Biekpe, Nicholas Motelle, Sephooko Ignatius Development Finance Risk Appetite SME Startup Using publicly available data from three South African Development Finance Institutions (DFI's), this study examines the risk appetite of Business Partners (BP), the National Empowerment Fund (NEF) and the Small Enterprise Finance Agency (SEFA). This study analyses data between 2011 and 2015 to determine the DFI's risk appetite and to identify key determinants of risk appetite with regard to funding SMEs, specifically startups. The study's findings reveal that South African DFI's have a high to extremely high-risk appetite level and that state-owned DFI's, NEF and SEFA have a higher risk appetite for funding SMEs specifically startup related loan products than private DFI BP. The study's findings also illustrates that South African DFI's risk appetites have a weaker negative relationship with shorter-term financial products than longer-term financial products indicating a higher risk appetite for funding shorter-term financial products. 2018-02-07T09:07:33Z 2018-02-07T09:07:33Z 2017 Master Thesis Masters MCom http://hdl.handle.net/11427/27369 eng application/pdf Research of GSB Faculty of Commerce University of Cape Town |
| spellingShingle | Development Finance Risk Appetite SME Startup Nkosi, Thabiso The risk appetite of development finance institutions (DFIs) and funding for start-ups in South Africa |
| thesis_degree_str | Master's |
| title | The risk appetite of development finance institutions (DFIs) and funding for start-ups in South Africa |
| title_full | The risk appetite of development finance institutions (DFIs) and funding for start-ups in South Africa |
| title_fullStr | The risk appetite of development finance institutions (DFIs) and funding for start-ups in South Africa |
| title_full_unstemmed | The risk appetite of development finance institutions (DFIs) and funding for start-ups in South Africa |
| title_short | The risk appetite of development finance institutions (DFIs) and funding for start-ups in South Africa |
| title_sort | risk appetite of development finance institutions dfis and funding for start ups in south africa |
| topic | Development Finance Risk Appetite SME Startup |
| url | http://hdl.handle.net/11427/27369 |
| work_keys_str_mv | AT nkosithabiso theriskappetiteofdevelopmentfinanceinstitutionsdfisandfundingforstartupsinsouthafrica AT nkosithabiso riskappetiteofdevelopmentfinanceinstitutionsdfisandfundingforstartupsinsouthafrica |