2023
DOI: 10.1016/j.heliyon.2023.e17963
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State guarantees to counteract the financial effects of the COVID-19 pandemic on industrial supply chains

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“…Government guarantees and bailouts are pivotal as they strengthen the SOC's balance sheet to raise funding through borrowings (Drago et al 2023;NT 2019:86). However, the funds that are raised with a financial guarantee are misappropriated, hence SOCs are unable to service their debt obligations (Wood et al 2023).…”
Section: Introductionmentioning
confidence: 99%
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“…Government guarantees and bailouts are pivotal as they strengthen the SOC's balance sheet to raise funding through borrowings (Drago et al 2023;NT 2019:86). However, the funds that are raised with a financial guarantee are misappropriated, hence SOCs are unable to service their debt obligations (Wood et al 2023).…”
Section: Introductionmentioning
confidence: 99%
“…However, the funds that are raised with a financial guarantee are misappropriated, hence SOCs are unable to service their debt obligations (Wood et al 2023). State-owned companies are mandated to develop the social, economic, and infrastructural needs of South Africa (Adebayo & Ackers 2023) although that cannot be achieved if funding that was raised from financial guarantees is utilised to repay debt (Drago et al 2023;Mabena 2021). This questions why the NT as the custodian of public finances in South Africa continues to provide financial guarantees and bailouts for failing SOCs because this form of financial assistance is not viable (Serongoane & Ukwandu 2021).…”
Section: Introductionmentioning
confidence: 99%
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