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An empirical investigation of the balance sheet channel of monetary policy transmission in South Africa

- Kelvin, Mudita

Authors: Kelvin, Mudita
Date: 2009-12
Subjects: Transmission mechanism (Monetary policy) -- South Africa , Financial statements
Language: English
Type: Master's theses , text
Identifier: http://hdl.handle.net/10353/24106 , vital:62375
Description: The intention of this study is to outline an empirical framework of the balance sheet channel of monetary policy transmission in South Africa. Specifically, this study examines how monetary policy decisions are transmitted, through the balance sheet of business firms, to the real economy. The study is motivated by the fact that credit has now occupied an important role in the funding of new capital investment in South Africa. Thus, the balance sheet channel may become a relevant channel in the monetary policy transmission process. This study augments the co integration and vector auto regression (VAR) analysis with impulse response and variance decomposition analyses to provide evidence for the balance sheet channel. The study employs quarterly South African data covering the period 1980 to 2008. For that purpose, The VAR model will contain the following variables, Bank rate (monetary policy effect), External finance premium (information asymmetry channel), stock market capitalization (to cater for the collateral channel), Changes in industrial and commercial inventories (cashflows channel), credit extension (to cater for the effect of credit demand), and gross domestic product (to cater for the aggregate shock). The study finds evidence in support of the balance sheet channel of monetary policy transmission in South Africa. The channel is weak as proved by the results. Therefore, the balance sheet channel should not be neglected from both the policy perspective and academic literature point of view in South Africa. However, the findings may only pertain to idiosyncratic economic developments during the sample period, while not necessarily serving as a best guide as to how the South African economy would work in the future. , Thesis (MCom) -- Faculty of Management and Commerce, 2009
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Date Issued: 2009-12

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Approach to National Health Workforce Planning for health service delivery in South Africa

- Mahlathi, Malixole Percival

Authors: Mahlathi, Malixole Percival
Date: 2009-12
Subjects: Health planning , Rural health services , Labor turnover
Language: English
Type: text
Identifier: http://hdl.handle.net/10353/25216 , vital:64058
Description: Although South Africa educates and trains many health professionals of various categories, it continues to experience relative and critical shortages of these professionals especially at its rural health facilities. It boasts more than 15 Faculties of Health Sciences which train a variety of health professionals. In addition to training for its own purposes, it also offers training for several countries in the Southern African Development Community. The burden of disease is considered to be high and increasing, complicated by the HIV and AIDS epidemic. In the light of these challenges it is necessary that South Africa engages in careful health workforce planning as a long term approach to solve shortage of health professionals and improving the delivery of health services. This study examines the health workforce planning approaches by the various Provincial Departments of Health and the student planning approaches by the Faculties of Health Sciences of the Higher Education Institutions that train health professionals. , Thesis (PhD) -- Faculty of Health Sciences, 2009
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Date Issued: 2009-12

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Housing delivery and empowerment in Post - Apartheid South Africa: The Case of Nkonkobe Municipality

- Chakuwamba, Kapesi Antony

Authors: Chakuwamba, Kapesi Antony
Date: 2009-12
Subjects: Housing -- Development , Nation-Building , Democratization
Language: English
Type: Master's theses , text
Identifier: http://hdl.handle.net/10353/23293 , vital:57027
Description: The core argument in the study is that there have been little prospects of housing delivery in Nkonkobe Municipality. The obstacles for housing development in this area are embedded in the inflexibility of current policies and legacies of the colonial as well as the Apartheid era. Furthermore, the findings indicate that local as well as external sociopolitical practices such as lack of funding, unavailability of land, corruption, politicking, lack of community participation, impact of macro-economic policy, planning and lack of capacity seem to hamper the process of housing delivery. Hence, there is a need for an alternative development strategy which is adopted as the conceptual framework of this study. This is to enhance housing development in most rural areas. This conceptual framework propounds that housing provision in Nkonkobe region should be enhanced in the context of empowerment, nation-building and democratization in the post-Apartheid South Africa. The problem of housing has become a worldwide phenomenon. Compared to other countries, the number of people in need of adequate shelter has remarkably increased and in South Africa the number of people who live in substandard housing and those in desperate need of shelter is enormous. However, in the study a view of housing provision in post-Apartheid South Africa is advocated through looking at the nature of the state and its capacity to deliver quality housing service. A qualitative methodology comprising in-depth interviews and observation was employed in order to gain a deeper understanding of the effectiveness of the municipality in delivering quality service to its people. The ideological perspectives view historical causes and present day reasons for the perpetuation of the housing problem from different angles. A strategy based on alternative development is proposed in this study. The conceptual framework views the poor as active people engaged in the production of their own lives not passive recipients of state development projects. An underlying assumption is that housing provision is influenced by previous state forms and spatial practices. Therefore, the level of community participation could influence the success of housing development projects. , Thesis (MA) -- Faculty of Social Sciences and Humanities, 2009
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Date Issued: 2009-12

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Synthesis of bioethanol from lignocellulosic materials: A focus on grass and waste paper as raw materials

- Vala, Mavula Kikwe

Authors: Vala, Mavula Kikwe
Date: 2009-12
Subjects: Ethanol as fuel , Biomass energy , Lignocellulose -- Biotechnology
Language: English
Type: Master's theses , text
Identifier: http://hdl.handle.net/10353/24499 , vital:63049
Description: Biofuels are currently recognized as not only a necessity, but an inevitable pathway to secure the planet future energy needs. Food crops have been used (so far) as the biomass for bioethanol and biodiesel production. This has increased concerns over food security and led to the search for diversification and alternative feedstocks for biofuel production. The use of lignocellulosic materials, the most abundant, low cost and easy feedstock to harvest for bioethanol purpose, involves challenging production processes. Several approaches have been used to facilitate the breakdown of the biopolymer structure to produce fermentable sugars that can be converted to ethanol. Most of the approaches have used high temperatures and pressures and have often led to the production of inhibitors of fermentation. In this study, lignocellulosic materials from grass and newsprint were investigated as sources of biomass for bioethanol production using a chemical route (sulfuric acid hydrolysis) which made use of temperatures below 100°C at normal atmospheric pressure. Fermentation of toxic lignocellulosic hydrolyzates was possible after the development of a method for inhibitors removal. The method used treated wood chips as a stationary phase in a chromatographic column to remove inhibitors. This method is expected to be extended to applications such as in municipal wastewater treatment. Sugar yields of 22.26 and 8.9 g/L of hydrolyzate; and an ethanol yield of 184.5 and 130.4 mg/mL of must were achieved for 5g grass and newsprint respectively using optimum conditions of 2percent H2SO4 at 97.5°C for grass and 0.5percent H2SO4 at 97.5°C for newsprint during the hydrolysis process. Pure cellulose was used as a control for the biomass where 254.1 g/L of fermentable sugars were recovered from soluble cellulose and the yield of ethanol was 201.8 mg/mL. , Thesis (MSc) -- Faculty of Science and Agriculture, 2009
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Date Issued: 2009-12

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