South Africa Private Sector Competitiveness Project (IFC-602710)

Countries
  • South Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 20, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
*Borrower information not provided at the time of disclosure*
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 3.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 14, 2019

Disclosed by Bank Oct 31, 2018


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Project Description

South Africa Private Sector Competitiveness Project (PSCP) is one of a number of projects in a Program developed upon request of the Government of South Africa. The Program seeks to address key investment climate and structural challenges facing the South African economy such as poor regulation, government interventions that do not provide firms with the ability and incentives to enter and compete, and negative investor perceptions. The Program is fully aligned with the 2018 South Africa Strategic Country Diagnostics (SCD) and will seek to contribute to addressing the unemployment and poor economic growth that South Africa's National Development Plan (NDP) 2030 identifies as principal development challenges. The project will aim at addressing key investment and growth challenges by focusing on a number of horizontal and vertical sectoral reforms with special attention to SMEs. The Project will be further calibrated to reflect findings from the Country Private Sector Diagnostics (CPSD) and the Enterprise Survey (ES) both of which will identify sector specific investment opportunities and obstacles.

The project will achieve its objectives by :

  1. Addressing government interventions that hinder competition in key markets in South Africa and promoting competition policies to combat anticompetitive business practices ;
  2. Addressing investment policy and promotion constraints at the subnational level and promoting more robust and focused investment strategies;
  3. Tackling key horizontal and sectoral business climate constraints and barriers to transparency, predictability, and efficiency, to increase investment; and
  4. Conducting surveys and diagnostics to inform future policy for South Africa that support SMEs and investments.
Investment Description
  • International Finance Corporation (IFC)
Contact Information

*Contact information not provided at the time of disclosure*

ACCOUNTABILITY MECHANISM OF IFC

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