Perceptions on the outlook for the securitisation market in South Africa
| dc.contributor.author | Dhliwayo, Patience | |
| dc.date.accessioned | 2019-02-15T10:03:09Z | |
| dc.date.available | 2019-02-15T10:03:09Z | |
| dc.date.issued | 2018 | |
| dc.description | MBA Thesis | en_ZA |
| dc.description.abstract | The sophisticated financing technique, securitisation, was blamed for the global financial crisis of 2007 -2008. After the crisis, the securitisation industry suffered globally as the number of issuances dwindled. Today, the USA and Europe securitisation markets have recovered as a result of support from the Central Banks, but the securitisation market in South Africa has not experienced a similar trend. The purpose of this research was to gather the views and opinions of key market participants on the development of securitisations in South Africa. This research, qualitative in nature, was conducted through semi-structured interviews with market participants who included: originators, both bank and nonbank lenders, arrangers, credit rating agencies, trustees and investors. The results revealed that securitisation is an important financing technique and is still very useful in the South African economy. The downward trend in securitisation activity that began during the global financial crisis has somewhat continued because the market faces a few constraints. The market participants identified the constraints to growth as being the lack of education by investors on asset-backed securities, the conservative approach by credit rating agencies, the outdated securitisation regulations and the absence of a secondary market for securitisation paper. As long as these issues are not addressed, the market participants do not expect growth in securitisation activity. | en_ZA |
| dc.description.librarian | NM2019 | en_ZA |
| dc.identifier.uri | https://hdl.handle.net/10539/26431 | |
| dc.language.iso | en | en_ZA |
| dc.subject | Asset-backed financing -- South Africa. Securities -- South Africa. Financial services industry -- South Africa | en_ZA |
| dc.title | Perceptions on the outlook for the securitisation market in South Africa | en_ZA |
| dc.type | Thesis | en_ZA |