WHAT DO STATE-OWNED DEVELOPMENT FINANCIAL INSTITUTIONS (SODFIS) IN SOUTH AFRICA DO?

Adeyemi Adebayo

Economic Annals, 2022, vol. 67, issue 235, 123 - 152

Abstract: This study explores the model of state-owned development financial institutions (SODFIs) in South Africa and how South African SODFIs contribute to national, continental, and international developmental agendas by providing necessary support towards financing domestic and international projects, thereby mitigating seven categories of market failures. It analyses relevant documents and the latest annual/integrated reports of the SODFIs, making it possible to highlight their modus operandi and the instruments employed in fulfilling their mandates. Analyses indicate that although SODFIs in South Africa mitigate market failures by adequately contributing to national, continental, and global developmental agendas, they do not fund state-owned enterprises (SOEs), leaving out an important aspect of public socioeconomic cooperation. This study thus highlights the importance of funding SOEs partly through SODFIs rather than directly from the national budget and discusses implications for theory and practice.

Keywords: agenda 2063; development financial institutions; national development plan (NDP) 2030; sustainable development goals (SDGs) 2030; state-owned enterprises (SOEs) (search for similar items in EconPapers)
JEL-codes: G H (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ekof.bg.ac.rs/wp-content/uploads/2015/12/235-05.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:beo:journl:v:67:y:2022:i:235:p:123-152

Ordering information: This journal article can be ordered from
http://ea.ekof.bg.ac.rs/

Access Statistics for this article

Economic Annals is currently edited by Will Bartlett

More articles in Economic Annals from Faculty of Economics and Business, University of Belgrade Contact information at EDIRC.
Bibliographic data for series maintained by Goran Petrić ().