Assessing South Africa’s Loan Guarantee Scheme to support firms during the Covid-19 Pandemic

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dc.contributor.authorCreamer, Kenneth, Dr
dc.contributor.authorMahafu, Vuyisiwe
dc.date.accessioned2023-11-20T14:08:29Z
dc.date.available2023-11-20T14:08:29Z
dc.date.issued2023
dc.description.abstractThis 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.
dc.description.librarianMM2023
dc.facultyFaculty of Commerce, Law and Management
dc.identifier.urihttps://hdl.handle.net/10539/37048
dc.language.isoen
dc.orcid.idhttps://orcid.org/0000-0002-7353-5888
dc.publisherUniversity of the Witwatersrand
dc.schoolEconomics and Finance
dc.subjectCovid-19 Pandemic
dc.subjectSouth Africa’s Loan Guarantee Scheme
dc.subjectPublic-health-driven lockdown
dc.subjectSmall and Medium-Sized Enterprises (SMEs)
dc.titleAssessing South Africa’s Loan Guarantee Scheme to support firms during the Covid-19 Pandemic
dc.typeWorking Paper
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