Could Project Bonds be used as the Ideal Financial Instrument to Plug the Infrastructure Financing Gap in South Africa?

Ayomide Oladapo and Mashukudu Hartley Molele ()
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Mashukudu Hartley Molele: University of Cape Town

Africagrowth Agenda, 2019, vol. 16, issue 3, 12-16

Abstract: An exploration of the use of project bonds as a complimentary financing instrument for infrastructure projects in South Africa is very much appropriate in light of the fact that there has yet to be a single project bond listed on the Johannesburg Stock Exchange ( JSE), and that the regulator is currently finalizing a structure for the listing of project bonds on the South African bourse. Specifically, the question worth probing is whether different classes of investors would be interested in participating in a project bond offering where the underlying is an infrastructure development in the South African space. Who are the key stakeholders that will be involved with a project bond in South Africa and what is their level of interest and willingness to invest in infrastructure projects through project bonds.

Date: 2019
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