The Public-Capital Multiplier

C01

In the central mixed portfolio, R225 billion of public industrial capital mobilises R506 billion of gross investment, 2.25 times the public envelope. After deductions, R383 billion remains operating, 1.70 times the envelope.

GSX:SRD-004:C01 · Modelled · Conditional · high sensitivity · Version 1.0

Depends on

A01Public envelopeThe arithmetic uses R225 billion of public industrial capital.moderate sensitivity

A02Mixed portfolioThe central portfolio spreads that capital across infrastructure, concessional debt, minority equity, first-loss capital, a guarantee reserve, project preparation, skills and supplier funds.high sensitivity

A03Gross is not additionalCapital that would have been invested anyway, or that is delayed, unallocated or failed, is removed before the operating multiple is stated.high sensitivity

Modelled results cited

R01Central mixed portfolioThe central mixed portfolio mobilises R506 billion of gross investment, a headline multiple of 2.25.modelled

R02Central portfolio after deductionsAfter non-additional, delayed, unallocated and failed capital, R383 billion remains operating, 1.70 times the public envelope.modelled

Registered supporting sources

The Public-Capital Multiplier · GSX:SRD-004:PDF