The Influence of Infrastructure Financing on Rural Municipalities in Limpopo Province, South Africa: Issue for Consideration
Keywords:
Challenges; Financing; Infrastructure; Local Government; Rural Municipalities
Abstract
Infrastructure financing in an important source of funding for rural municipalities. The introduction of private financing in the South African region is a significant paradigm from which the rural municipalities pursue infrastructure investments. However, rural municipalities find it increasingly complicated to secure infrastructure funding from the private sector. Infrastructure financing constraints, including those exacerbated by economic, educational, social and political factors, are some of the many accelerating challenges facing rural municipalities in the Limpopo Province, South Africa. This analysis aims to identify and investigate the root cause of the lack of infrastructure financing and the challenges related to infrastructure financing at rural municipalities in South Africa. The challenge is to design ways to manage these constraints with infrastructure development effectively. Rural municipalities in South Africa face a significant infrastructure finance and investment gap. The study adopted a conceptual approach to analyse the effects of infrastructure financing on rural municipalities in the Limpopo Province. A literature study revealed that some of the challenges were linked to infrastructure development and financing mechanisms. Specific constraints include issues of transparency and autonomy and key provincial transitions. This study concludes with the mechanisms that can be applied to raise external funding for infrastructure development.
References
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Frank, M.Z., Goyal, V.K. & Shen, T. 2020. The pecking order theory of capital structure: Where do we stand?z.
Geldenhuys, K. 2021. The link between procurement fraud and corruption during COVID-19. Servamus Community-Based Safety and Security Magazine 114(1), 30–33.
Gesellschaft, A.H. 2021. Infrastructure financing in Africa: Overview, research gaps and research agenda. African Centre for Cities, University of Cape Town. August 2021 Draft for Engagement (Online). Available at : https://www.africancentreforcities.net/wp-content/uploads/2021/08/AH_SUSINFRA_report_1809.pdf (Accessed 12/11/2023).
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Gorelick, J. & Walmsley, N. 2020. The greening of municipal infrastructure investments: Technical assistance, instruments, and city champions. Green Finance 2(2), 114–134.
Government Digest. 2019. Can you afford not to implement good maintenance practices? 34(6), 13. February 2015 Auckland Park, Malnor (Pty) Ltd.
ICA 2019. African Economic Outlook, 2018. Abidjan: The Infrastructure Consortium for Africa Secretariat at the African Development Bank.
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Magagula, D.N., Mukonza, R.M., Manyaka, R.K. & Moeti, K. 2022. The role of district municipalities in service provision in South Africa: Dissecting challenges faced by Ehlanzeni District Municipality. Africa’s Public Service Delivery & Performance Review 10(1), 628.
Magoro, K., Abrahams, L., Burke, M., Magoro, N., Masonta, M., Milne, C. & Shilenge. R. 2023. Unlocking local digital economies through tech hubs: What we are learning from Digital Mandhwane. LINK Public Policy Paper University of the Witwatersrand, Johannesburg, LINK Centre March 2023 (Online). Available at: https://www.wits.ac.za/media/wits-university/faculties-and-schools/humanities/research-entities/link/documents/public-policy-series/Magoro%20et%20al%202023.pdf (Accessed 07/11/2023).
Maharjan, D., Agüero, M., Lippitt, C. & Moreu, F. 2019 Infrastructure Stakeholders’ Perspective in Development and Implementation of New Structural Health Monitoring (SHM) Technologies for Maintenance and Management of Transportation Infrastructure. MATEC Web of Conferences, 271, Article ID: 01010.
Mahlala, S. & Netswera, F.G. 2020. Steering public service administration in South Africa through COVID-19 and related corruption guided by the triple challenges of governance. Journal of Public Administration 55(3–1), 480–489.
Makhathini, M.S., Mlambo, V.H. & Mpanza, S. 2020. Infrastructure provision as a catalyst for local economic development in South Africa. The Strategic Review for Southern Africa 42(1).
Marivate, V., Aghoghovwia, P., Ismail, Y., Mahomed-Asmail, F. & Steenhuisen, S.L. 2021. The Fourth Industrial Revolution – what does it mean to our future faculty? South African Journal of Science 117(5/6) (Online). Available at: https://doi.org/10.17159/sajs.2021/10702 (Accessed 12/10/2023).
Masiya, T., Davids, Y.D. & Mangai, M.S. 2019. Assessing service delivery. Theoretical and Empirical Researches in Urban Management 14(2), 20–40.
Mathiba, G., 2020. Corruption, public sector procurement and COVID-19 in South Africa: Negotiating the new normal. Journal of Public Administration 55(4), 642–661.
McGaffin, R., Viruly, F. & Boyle, L. 2021. An investigation into the use of land-based financing to fund infrastructure in South Africa. Journal of Property Investment & Finance 39(3), 183–198.
McKinsey. 2020. Solving Africa’s Infrastructure Paradox (Online). Available at: https://www.mckinsey.com/business-functions/operations/our-insights/solving-africas-infrastructure-paradox (Accessed 12/10/2023).
Merten, M. 2021. Local government failures: Another year, another inspection, another bad outcome – With a few exceptions (Online). Available at: https:// www.dailymaverick.co.za/article/2021-06-22-local-government-failures-anotheryear-another-inspection-another-bad-outcome-with-a-few-exceptions/ (Accessed 13/10/2023).
Mishi, S., Mbaleki, N. & Mushonga, F.B. 2022. Financial mismanagement and efficiency trade-off in local municipalities: Lessons from Eastern Cape, South Africa. Journal of Local Government Research & Innovation 3,16. https://doi. org/10.4102/jolgri.v3i0.68
Mosweu, O. & Ngoepe, M. 2021. Trustworthiness of digital records in government accounting system to support the audit process in Botswana. Records Management Journal 31(1), 89–108. https://doi.org/10.1108/RMJ-11-2019-0069
Mubangizi, B.C. 2019. Monitoring and evaluation processes critical to service provision in South Africa’s rural-based municipalities. Journal of Reviews on Global Economics 8, 555–565.
Musongole, M. 2023. Assessing the effectiveness of internal controls on revenue collection & management. (A Case Study Of Malawi Police Service). International Journal of Humanities Social Science and Management (IJHSSM) 3(2), 31–38.
National Treasury, Republic of South Africa. 2018. The national treasury: Budget review. Government Printers.
National Treasury. 2018. Water Services Review Report. Pretoria: Government Printers
National Treasury, 2020. Medium Term Budget Policy statement. [Online] Available at: http://www.treasury.gov.za/documents/mtbps/2020/mtbps/FullMTBPS.pdf (Accessed 29/10/2023).
National Treasury, Republic of South Africa. 2023. Budget review explanatory memorandum to the division of revenue [Online]. Available at: https://www.treasury.gov.za/documents/national%20budget/2023/review/Annexure%20W1.pdf (Accessed 06/11/2023).
Petchrompo, S. & Parlikad, A.K. 2019. A review of asset management literature on multi-asset systems. Reliability Engineering & System Safety 181, 181–201.
Phalatse, S. 2021. The role of private finance in infrastructure development in South Africa - A critical assessment. Institute for Economic Justice Working Paper Series, No 6. [Online]. Available at: https://www.iej.org.za/wp-content/uploads/2021/01/F4D-Infrastructure-Working-Paper-29_01_2021.pdf (Accessed 09/06/2023).
Pike, A., ÓBrien, P., Strickland, T., Thrower, G. & Tomaney, J. 2019. Financialising City Statecraftand Infrastructure. Cheltenham: Edward Elgar Publishing.
PWC, 2023. Africa Annual Review (Online). Available at : https://www.pwc.co.za/en/about-us/africa-annual-review.html (Accessed 15/01/2024).
Qin, S., & Luo, W. 2022. Exploring Local Government Financing Strategies in China: A Capital Structure Perspective. Public Performance & Management Review 45(4), 970–997.
Schoeman, I. & Chakwizira, J. 2023. Advancing a Performance Management Tool for Service Delivery in Local Government. Administrative Sciences 13, 31 (Online). Available at: https://doi.org/10.3390/ admsci13020031 (Accessed 07/02/2024).
Selepe, M.M., 2022, ‘An overview of poor financial reporting and lack of accountability within the South African local government’, International Journal of Social Science Research & Review 5(12), 727–737. https://doi.org/10.47814/ijssrr.v5i12.1135
Shabsigh, G. & Boukherouaa, E.B. 2023. Generative Artificial Intelligence in Finance: Risk Considerations. FINTECH NOTE (Online). Available at: https://www.imf.org/en/Publications/fintech-notes/Issues/2023/08/18/Generative-Artificial-Intelligence-in-Finance-Risk-Considerations-537570 (Accessed 08/11/2023).
South Africa. Auditor-General of South Africa. 2021. Consolidated general report on the local government audit outcomes MFMA 2019–2020, Government Printers, Pretoria (Online). Available at: https://www.agsa.co.za/Portals/0/Reports/ MFMA/201920/2019%20-%2020%20MFMA%20Consolidated%20GR.pdf (Accessed 07/02/2023).
South Africa 1998. The Skills Development Act, No. 97 of 1998. Government Printer.
South Africa, 2003, Municipal Finance Management Act, 2003 (Act 56 of 2003), Government Printers, Pretoria.
Sung, W.; Hong, K.P.; Cho, Y.; Choi, H. 2020. Development of an intelligent information index model for local government in South Korea. In Proceedings of the 21st Annual International Conference on Digital Government Research, Seoul, Republic of Korea, 15–19 June 2020; 21: 267–274.
Suresh, S., Renukappa, S., Abdul-Aziz, A.R., Paloo, Y. Jallow, H. 2020. Developments in the UK road transport from a smart cities perspective. Eng. Constr. Archit. Manag. 2020, 28, 845–862. Bria, F.; Morozov, E. Rethinking the smart city. European Journal of Creativity and Practice. Cities Landsc. Notes 2018, 1, 127–130.
Syssner, J. 2020. Pathways to Demographic Adaptation. Cham: Perspectives on Policy and Planningin Depopulation Areas in Northern Europe, Springer.
Taufik, T. 2019. The effect of internal control system implementation in realizing good governance and its impact on fraud prevention. International Journal of Scientific & Technology Research 8(9), 2159–2165.
Thobakgale, M.P. & Mokgopo, T.I. 2018. Public procurement and South Africa’s 1996 constitution: Panacea for combating corruption?. Journal of Public Administration and Development Alternatives (JPADA) 3(1), 41–54.
Thusi, X. & Selepe, M.M. 2023. The Impact of Poor Governance on Public Service Delivery: A Case Study of the South African Local Government. International Journal of Social Science Research & Review 6(4), 688–697.
World Bank. 2018. A Critical Piece of the Infrastructure Puzzle: Good Governance (Online). Available at: https://blogs.worldbank.org/ppps/critical-piece-infrastructure-puzzle-good-governance (Accessed 21/10/2021).
World Bank Group. 2019. Central African Republic: Priorities for Ending Poverty and Boosting Shared Prosperity (Online). Available at: https://openknowledge.worldbank.org/handle/10986/23099 (Accessed 10/09/2023).
Published
2024-04-09
How to Cite
Magdeline Mmako, M., & Plaatjie Maribe, P. (2024). The Influence of Infrastructure Financing on Rural Municipalities in Limpopo Province, South Africa: Issue for Consideration. International Journal of Social Science Research and Review, 7(4), 366-377. https://doi.org/10.47814/ijssrr.v7i4.2092
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Main Articles
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