The nature of investment climate through a facet of public investment: The emerging market case (original) (raw)
Related papers
Municipal Infrastructure Investment Push and Pull Factors: Selected South African Cases
Administratio Publica, 2023
In 2020, South Africa scored 67 points in the Ease of Doing Business Index of the World Bank Group ranking it 84 th out of 190 countries. In particular, the attractiveness of South Africa was high in terms of starting a business and protecting investors, which obtained 81 and 80 index points, respectively. In this regard, the performance of municipalities is a key indicator of the country's economic heartbeat. Local, district and metropolitan municipalities are the centres of economic activity and should establish a conducive environment for investment in infrastructure development. findings of semi-structured interviews and a questionnaire distributed to seven target groups consisting of sampled municipalities, stakeholders (e.g. District and Provincial Investment Development Agencies) and organised business. Systemic challenges such as poor service delivery levels; corruption; inefficiencies; failing governance structures; the absence of institutional mechanisms to fast-track investor applications; and the lack of dedicated business management advisory units all act as investment push factors. The practical value of the study is promoted by recommendations for municipal business investment praxis.
An investment strategy for effective town development in the western cape, South Africa
Urban Forum, 2005
The differential growth of towns and the concomitant decline of many settlements is an international phenomenon addressed in different ways. South Africa in general and the Western Cape Province in particular also experienced this trend for many decades. The causes and factors influencing this process have been well documented, but a survival strategy for the problematic towns is not apparent. In the past, authorities largely ignored the problem when investment policy and development support of towns were at stake. However, a recent national policy document (NSDP, 2003) intends to address this situation in a radical new way by suggesting a system of differentiated government investment in towns with specific development profiles. In order to implement such a policy it is necessary, firstly, to ascertain in a credible way which settlements possess sufficient growth potential and which have limited chances. Secondly, these town profiles should lead to an investment typology as prescribed in the National Spatial Development Perspective (NSDP, 2003). The aim of this paper, therefore, is to present an appropriate typology of towns in the Western Cape, based on comprehensive development analysis, which can be utilised as guidelines for authorities in their future investment decisions1.
South Africa: An assessment of the investment climate
… Group, World Bank …, 2007
ACKNOWLEDGMENTS We wish to acknowledge the support of the Department of Trade and Industry (DTI), Republic of South Africa. Generous funding by DTI enabled 800 firms to be interviewed in four major metropolitan areas of South Africa. We are grateful to Alistair Ruiters, ...
World
Ease of doing business with municipalities and within municipal areas refers to the simplicity, effortlessness, and extent to which private enterprises can establish and conduct their business. It is influenced by multiple factors such as the conduciveness of the statutory and regulatory framework and the effectiveness of municipal structures and processes, in order to reduce bureaucratic red tape for the simplification of administrative processes such as the registration of business property, the issuing of permits, and access to electricity. Municipalities thus play a significant role in attracting and retaining business investment by establishing a conducive climate for business growth and local economic development. The aim of this article was to analyze the findings of a survey that was conducted to pinpoint business investment pull and push factors in selected municipalities in South Africa. By means of semi-structured interviews, a survey was undertaken with seven target grou...
A Review of Public and Private Investment in South Africa
The paper aims to put the limelight on the growth dynamics of public and private investment in South Africa from the apartheid period through to 2012. With the adopted inward-looking growth policy during the apartheid, massive economic infrastructure public investment stimulated private investment. Growth buoyancy of private investment continued with the implementation of the market system in 1994, complemented by the core infrastructure growth. While the South African investment climate is considered to be competitive, at least in comparison to other African economies, there are areas that still need further improvement to unlock higher investment growth potential that includes non-all-inclusive infrastructure. Keywords: South Africa; Apartheid; Public Investment; Private Investment; State Owned Enterprises; Market System; Economic Growth
World, 2022
Ease of doing business with municipalities and within municipal areas refers to the simplicity, effortlessness, and extent to which private enterprises can establish and conduct their business. It is influenced by multiple factors such as the conduciveness of the statutory and regulatory framework and the effectiveness of municipal structures and processes, in order to reduce bureaucratic red tape for the simplification of administrative processes such as the registration of business property, the issuing of permits, and access to electricity. Municipalities thus play a significant role in attracting and retaining business investment by establishing a conducive climate for business growth and local economic development. The aim of this article was to analyze the findings of a survey that was conducted to pinpoint business investment pull and push factors in selected municipalities in South Africa. By means of semi-structured interviews, a survey was undertaken with seven target groups. The obtained data were then triangulated with a desktop analysis of sampled businesses (i.e., case studies) that had relocated, mainly due to municipal service delivery failures. The survey revealed the underlying factors that lead to ease of doing business weaknesses, uncovered winning strategies to attract business investment, and proposed measures to enhance municipal business retention praxis.
2009
INTRODUCTION AND BACKGROUND "The brighter day is rising upon Africa. Already I seem to see her chains dissolved, her desert plains red with harvest, her Abyssinia and land the seats of science, religion, and economic prosperity, reflecting the glory of the rising sun from the spires of their social units like universities, and political units like metropolitan governments. Her Congo and her Gambia whitened with commerce, her crowded megacities sending forth the hum of business, and all her sons and daughters employed in advancing the victories of peace-greater and more abiding than the spoils of war." Adapted from: Pixley ka Isaac Seme in Ethekwini Municipality (2003/04: 46). The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little. Franklin Delano Roosevelt CHAPTER TWO THE THEORETICAL BASES OF LOCAL ECONOMIC DEVELOPMENT AS A STRATEGY IN PUBLIC ADMINISTRATION AND MANAGEMENT "Proper concepts are needed to formulate a good theory, but we need a good theory to carve out proper concepts" (Hulme et al., 1998:6). "Theory…does not flow above everyday life in a detached way. It comes from some place, and it is the responsibility of analysis to return it to there" (Perry, 1995:2). 2.1 CHAPTER FOUR COMPARATIVE ASSESSMENT OF LOCAL ECONOMIC DEVELOPMENT AND PUBLIC-PRIVATE PARTNERSHIPS IN CAPE TOWN AND NELSON MANDELA BAY METROPOLITAN AREAS IN SOUTH AFRICA "By mobilising the resources of urban communities, government and the private sector we can make our cities centres of opportunity for all South Africans, and competitive within the world economy. The success of this will depend on the initiative taken by urban residents to build their local authorities and promote local economic development" (Nel 2001:1003; Mandela, 1995:5).
Assessment of Domestic Private Investment in Wolaita Zone: Case of Sodo, Areka and Bodity Cities
Developing Country Studies, 2015
Investment constitutes an important economic component that matters for economic growth. In the case of Ethiopian context, although private sector investment has shown improvement following the 1995 economic reform it still has a fluctuating feature. This study has made assessment of domestic private investment in Woliata Zone. Using clustered random sampling, a sample size of 96 respondents is drawn from three reform city administration of the zone, namely: Areka, Bodity and Soddo. The researcher indentified variables based on literature, and customized these variables to the context of the Zone. The variables are: Access to finance (both bank credit and traditional finance sources), Availability of good infrastructure, Success stories of other Investors, Availability of good government bureaucracy, Availability of Good investment environment, Extent of investment potential in the Zone. To achieve its objective the study used descriptive statistic, and also linear regression analysis is applied to indentify major factors that have influence on domestic private investment in the Zone. The finding indicates that only Success Story, Good government bureaucracy, investment potential of the Zone and Good investment environment are found to be factors positively contributed to the domestic private investment activities of the zone. The role of other variables such as infrastructure, availability of finance and the feasibility of the business are found to be statistically insignificant. In ordered to assess the role of finance in the investment trend of the zone, the study also assessed the major sources of finance for domestic private investors in the Zone. Accordingly the findings revealed that although significant amount of investors use bank as source of finance, still the majority of the investors relay in on traditional credit systems such as IQUB and loan from relatives. Regarding the availably of the finance the respondents indicated that they disagree. The finding also indicates that the majority of the study subjects do not rely on the modern business consultations and feasibility studies rather they go for investment based on the success stories of others.