Thesis (MDF)--Stellenbosch University, 2015. / ENGLISH ABSTRACT: The non-availability of funding for low-cost housing is a major stumbling block in the provision of
housing for the poor in South Africa (Moss, 2001). Banks and other commercial institutions are
generally reluctant to fund construction companies in this industry in view of the high level of risk
involved. The Industrial Development Corporation of South Africa is a development finance
institution that is involved in the financing of construction companies.
This study looked at the effectiveness of IDC in financing construction companies that are involved
in low cost housing development. The study also looked at whether the IDC's strategiC objectives
of promoting job creation had been achieved by providing funding to the construction companies.
Only those companies involved in low-cost housing as the only or part of their business activities
have been chosen for the study.
A qualitative method of research analysiS has been selected as the best way of analysing the
research findings in this paper. The empirical analysis indicated that generally the respondents are
satisfied with the funding provided by the Industrial Development Corporation, but have serious
concerns regarding the turnaround times for credit approvals, completion of legal agreements,
disbursement of funds and the fees charged.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:sun/oai:scholar.sun.ac.za:10019.1/97468 |
| Date | 04 1900 |
| Creators | Mahashe, Mawande Victor |
| Contributors | Akotey, Joseph Oscar, Stellenbosch University. Faculty of Economic and Management Sciences. Graduate School of Business. |
| Publisher | Stellenbosch : Stellenbosch University |
| Source Sets | South African National ETD Portal |
| Language | en_ZA |
| Detected Language | English |
| Type | Thesis |
| Format | ix, 63 pages |
| Rights | Stellenbosch University |
Page generated in 0.0092 seconds