Reducing capital cost in Southern Africa /

Reducing capital cost in Southern Africa /

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 wit...

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Bibliographic Details
Main Author: Grandes, Martín
Other Authors: Pinaud, Nicolas
Format: Book
Language:English
Published: Paris : OCDE, 2005
Subjects:
COSTOS DE CAPITAL
RIESGO PAIS
POLITICA MONETARIA
DESARROLLO ECONOMICO
AFRICA MERIDIONAL
SUSTITUCION DE LA MONEDA
Table of Contents:
  • Acknowledgements
  • Preface / Louka T. Katseli
  • Introductory remarks: Reducing capital costs, a critical aspect of South Africa's economic "Normalisation" / Ian Plenderleith and Bertus Van Zyl
  • Prudent fiscal and debt management, key to lowering capital cost in South Africa / Phakamani Hadebe
  • Pt. 1. Country risk, capital cost, and growth in South Africa: an overview: Executive summary
  • 1. South African country risk: backdrop and challenges ahead / Rudolf Gouws
  • 2. The modern multinational: a nomad forever seeking greener capital pastures? / Michael Power
  • Appendix 2.1. A nomad across three continents: how South African breweries "bought" a lower cost of capital
  • Appendix 2.2 An african footnote
  • Pt. 2. Monetary policy, country risk, and the bond market in South Africa: Executive summary
  • 3. The currency premium and local-currency denominated debt costs in South Africa / Martin Grandes, Marcel Peter, and Nicolas Pinaud
  • 4. Sovereign spreads in South Africa / Faisal Ahmed, Vivek Arora, and Luca Antonio Ricci
  • South Africa: from fear of floating to targeting inflation: comments and review / Eric Schaling
  • 5. The development of the South African corporate bond market, relevance, impediments, prospects / Tom Lawless
  • Pt. 3. Financial integration and risk mitigation in Southern Africa: Executive summary
  • 6. Financial development and economic growth in Southern Africa / Meshach Jesse Aziakpono
  • 7. Foreign investment and regional integration in Southern Africa / Lynne Thomas
  • Foreign investment and regional investment in Southern Africa: comments and review / Christoph Stork
  • Concluding Remarks.

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