Research Catalog

Title

Reducing capital cost in Southern Africa / by Martin Grandes and Nicolas Pinaud.

Author

Grandes, Martín.

Publication

Paris : Development Centre of the Organisation for Economic Co-operation and Development, c2005.

Items in the Library & Off-site

Holdings

Details

Additional Authors

• Organisation for Economic Co-operation and Development. Development Centre.
• Pinaud, Nicolas.

Description

204 p. : ill.; 23 cm.

Summary

Southern Africa suffers from disproportionately expensive capital and this is denying the region its full growth potential. This book presents the ideas and proposals of a group of experts and practitioners from the state and business environments, brought together by the OECD Development Centre with public and private sector partners, on reducing the cost of capital in the region. It thus provides a unique insight into the nature of the problem of the cost of capital in Southern Africa and the effects it has on business activity and infrastructure development. In addition, the authors set out to define strategies for reducing capital cost, outlining measures suitable for government and private actors.  "This collection makes a very worthwhile and stimulating contribution to the important question of reducing capital costs in Southern Africa." -Ian Plenderleith, Southern African Reserve Bank 

Series Statement

Development Centre studies

Uniform Title

• Development Centre Studies,
• Development Centre studies.

Subject

• Africa, Sub-Saharan > Economic conditions
• Africa, Sub-Saharan > Economic policy
• Capital market > Africa, Sub-Saharan
• Country risk > Africa, Sub-Saharan
• Monetary policy > Africa, Sub-Saharan

Bibliography (note)

• Includes bibliographical references (p. 190-192).

Additional Formats (note)

• Also available online via SourceOECD (subscription-based access)

Processing Action (note)

• committed to retain

Contents

Acknowledgements -- Preface by Louka T. Katseli -- Introductory Remarks -- -Reducing Capital Costs: A Critical Aspect of South Africa's Economic "Normalisation" by Ian Plenderleith and Bertus Van Zyl -- Prudent Fiscal and Debt Management: Key to Lowering Capital Cost in South Africa by Phakamani Hadebe -- Part I. Country Risk, Capital Cost, and Growth in South Africa: An Overview -- -Executive Summary -- Chapter 1. South African Country Risk: Backdrop and Challenges Ahead by Rudolf Gouws -- Chapter 2. The Modern Multinational: A Nomad Forever Seeking Greener Capital Pastures? by Michael Power -- Part II. Monetary Policy, Country Risk, and the Bond Market -- Executive Summary -- Chapter 3. The Currency Premium and Local Currency Denominated Debt Costs in South Africa by Martin Grandes, Marcel Peter, and Nicolas Pinaud -- Chapter 4. Sovereign Spreads in South Africa by Faisal Ahmed, Vivek Arora, and Luca Antonio Ricci -- Chapter 5. The Development of the South African Corporate Bond Market: Relevance, Impediments, Prospects by Tom Lawless -- Part III. Financial Integration and Risk Mitigation in Southern Africa -- Executive Summary -- Chapter 6. Financial Development and Economic Growth in Southern Africa by Meshach Jesse Aziakpono -- Chapter 7. Foreign Investment and Regional Integration in Southern Africa by Lynne Thomas -- Foreign Investment and Regional Investment in Southern Africa: Comments and Review by Christoph Stork -- Concluding Remarks

ISBN

9264014012

Owning Institutions

Harvard Library