LEVERAGING PARTNERSHIPS AND MACROECONOMIC POLICY FOR INFRASTRUCTURE DEVELOPMENT IN SOUTH AFRICA- A REVIEW APPROACH
Keywords:
Infrastructure development, Partnerships, Policy, Review, South AfricaAbstract
The African continent faces many economic development challenges, and infrastructure plays a vital role in accelerating and breaking barriers to economic advancement. With a limited fiscal budget allocation by governments towards infrastructure development, the success and failure of public infrastructure investment are also dependent on policies and public-private partnerships, among others. Through a literature review on leveraging partnerships, this study addresses the impact of leveraging partnerships in the Development Bank of Southern Africa (DBSA) ecosystem. These lucrative partnerships can unlock pipeline development for South Africa and sub-Saharan Africa. The study’s findings include the challenges to infrastructure delivery, which are governance structures, National Development Plans, mandates and capacity building, as well as fiscal budgets, which are not able to singlehandedly fund capital-intensive projects/programmes in the absence of strategic partners to provide financing solutions. Therefore, the study concludes that if development financing partnerships are well established, value creation will be realised, and benefits can be yielded for all stakeholders involved. Finally, the study recommends a consolidated framework that allows for clear guidelines for partnerships with monitoring and evaluation of investments for impact.
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Copyright (c) 2024 Karen Bahle Gumbo
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