Development finance as an emerging discipline: Perspectives from the South African context

Figures & data

Table 1. Work experience and activities of the respondents.

	Frequency
Public Sector DFI’s	14
Investment Banking and Asset Management	11
Commercial Banking (Retail, Business, Islamic, and Private Banking)	6
Bancassurance/Insurance	5
Professional Associations/Industry Lobbies/Representative Bodies	3
Auditing firms	2
Micro-lenders (‘mashonistas’)	1
Sector education and training authority’	1
Regulator	1
Provincial Government: Department of Economic Development	1

Source: Responses to question one of the questionnaire.

Table 2. Highest academic qualification of the participants.

	Frequency
Postgraduate Degree	20
Diploma/Degree	8
Matriculated	1
Other: ‘CA(SA)’	1
Other: ‘Postgraduate Diploma’	1

Source: Responses to question two of the questionnaire.

Table 3. Occupations, designations, and areas of expertise.

	Frequency
‘CEO’/‘Chief Executive Officer’/‘Managing Director’	4
‘Financial Manager’	2
‘Executive Manager’	2
‘Financial and Credit Risk Analyst, Analyst, Leveraged Finance’	1
‘Group Executive’	1
‘Senior Transaction & Strategy Specialist, International Infrastructure Finance’	1
‘Chief Operating Officer’	1
‘International Finance: Business Analyst’	1
‘IT Manager’	1
‘Executive Director with 30 years’ experience in financing and growing SMEs’	1
‘Private Banker’	1
‘Project Finance Manager title Director – and area of expertise is Power and Infrastructure Finance’	1
‘Provincial Manager’	1
‘Skills Development’	1
‘Securities trading, risk management, pension funds’	1
‘Capital markets’	1
‘Retired’	1
‘Infrastructure and Capital Projects leader’	1
‘Research Manager’	1
‘Enterprise Development manager’	1
‘Senior Investment Officer’	1
‘Researcher, Senior Researcher, regional development’	1
‘Regional Manager’ … ‘All insurance sectors i.e. short term, financial planning, E.B. and health care.’	1
‘Investment Policy Advisor’	1
‘Chief Economist’	1
‘Senior Executive’	1

Source: Responses to question three of the questionnaire.

Table 4. ‘Development finance’ and ‘socially responsible investing’ as synonymous.

	Frequency (n = 31)
Not synonymous	18
Synonymous	12
Unsure/Both	1

Source: Responses to question seven of the questionnaire.

Table 5. Shortage of development finance experts.

	Frequency (n = 29)
Yes	20
No	5
Unsure	4

Source: Responses to question ten of the questionnaire.

Table 6. Expertise of development finance practitioners.

	Frequency (n = 31)
Development economics	23
Infrastructural finance	21
Project finance	21
Financial analysis	21
Local economic development (LED)	20
Financial management	19
SMME development	18
Financial modelling	18
Risk management	18
Governance and ethics	16
Monitoring & evaluation	15
Development theory	15
Business management	15
Public sector finance	14
Project management	14
Financial sector regulation	13
Business forecasting	12
Microfinance	11
International finance	11
Scenario planning	11
Econometrics/statistics	10
Financial sector development	10
Accounting	9
Research methodology	8
Taxation	8
Corporate finance	8
Investment promotion	8
Portfolio management	8
Environmental science	6
Financial derivatives	6
International trade	5
African studies	3
Human resources management	3
Auditing	3
Oriental studies	1
Financial inclusion	1
Women’s studies	0

Source: Responses to question 17 of the questionnaire.

Table 7. Development finance qualifications.

	Frequency (n = 31)
Yes – should possess specific qualification	17
No	14

Source: Responses to question 13 of the questionnaire.

Table 8. Professional governance.

	Frequency (n = 28)
Not governed	22
Governed	4
Uncertain	4

Source: Responses to question 12.1 of the questionnaire.

Table 9. South African universities offering development finance qualifications.

	Frequency (n = 25)
Unsure	10
Three	6
Four	4
None	3
Two	2

Source: Responses to question 19 of the questionnaire.

Table 10. Undergraduate degrees in development finance.

	Frequency (n = 31)
Yes	24
No	6
Undecided	1

Source: Responses to question 20 of the questionnaire.

Table 11. Developmental potential of the domestic financial system.

	Frequency (n = 30)
Yes (i.e. it is developmental)	20
No	10

Source: Responses to question 21 of the questionnaire.

Table 12. Particular interest in development finance.

	Frequency (n = 31)
Understanding how societies might look in future	19
Learning more about the financial system	12
Relevant to your career progression	7
Other	7
Learning more about South African society	4

Source: Responses to question 27 of the questionnaire.

Table 13. Extracts of the respondents’ ‘other’ interests in development finance.

Other – ‘I (and I know many other South Africans in finance) have a genuine interest in adding value to society and improving the economic and living conditions in South Africa – it would interest me to understand the tools available through development finance to achieve this.’

Other – ‘The opportunity to use financial skills to make a real difference in people’s lives’

Other – ‘Learning more about what makes the traditionally unbanked successful as entrepreneurs’

Other – ‘Financial models to grant access to microbusinesses in an ethical and sustainable way’

Other – ‘Understanding how current systems are failing to benefit all’

Other – ‘To see how the developing of better processes and operators improve development finance’

Other – ‘What can development finance’s contribution be for the development of the South African economy in a manner that overcomes slow growth, poverty, inequality and unemployment?’

Source: Responses to question 27 of the questionnaire.