School of Economics and Finance (Working Papers)

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Assessing South Africa’s Loan Guarantee Scheme to support firms during the Covid-19 Pandemic
(University of the Witwatersrand, 2023) Creamer, Kenneth, Dr; Mahafu, Vuyisiwe
This article presents a timeline and data on South Africa’s Loan Guarantee Scheme (LGS) established in response to the Covid-19 pandemic. It defines the LGS take-up rate as a key measure of the effectiveness of the policy’s design and implementation. It references relevant theoretical literature, on co-ordination theory, incentive structures, information asymmetries and market failures, to provide explanations for the low take-up rate of South Africa’s LGS. It presents comparative data on the take up rates and design features of LGS-type interventions in a number of other countries. Finally, the article draws lessons from South Africa’s LGS experience which would be relevant for planners and policy makers implementing similar such policies in future.
BRICS Cooperation and Possible Futures for the Global Economy
(University of the Witwatersrand, Johannesburg, 2023) Creamer, Kenneth, Dr
Key Note Speech at Launch of Joint Research on Confidence Index of Chinese Enterprises’ Investment in South Africa, Wits University, Johannesburg, 19 May 2023, by Dr Kenneth Creamer, School of Economics and Finance, University of the Witwatersrand.