The primacy of illicit financial flows (IFFs) in developing countries: a comparative study analysis of South Africa and China
- Authors: Mahlaba, Asande Cikizwa
- Date: 2020
- Subjects: Money -- Developing countries , Transfer pricing -- South Africa , Developing countries -- Economic conditions , Tax evasion -- China , Tax evasion -- South Africa
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/147435 , vital:38636
- Description: The main objective of this study was to question and investigate the primacy of illicit financial flows (IFFs) in developing countries, specifically focused on two countries namely China and South Africa. Africa is estimated to have lost approximately $1 trillion to IFFs over the last 50 years, which exceeds the financial assistance that these nations needed over the same period. For years. Africa has been the feeding ground for exploitation and resource plunder, and the narrative has always been Africa is underdeveloped because of this crime. Although this statement holds true in most African countries, what this paper seeks to do is to question whether capital flight, IFFs and more specifically tax evasion and tax haven activity are the reason for the deterioration of African economies or are IFFs perpetuated by economies with unsustainable growth paths. IFFs are an important factor when it comes to obstacles of economic growth. But are they the cause or effect? A very strong case can be made that they are the latter however, it is beyond the scope of this article to resolve this question. Its purpose is merely to assert that the question is a valid one and that presuming the answer could divert attention from the real question of economic development. This study contextualized the way in which IFFs are currently viewed in the world economic system according to the two approaches to development finance, and discussed modern monetary theory as an extension off these theories. Due to the nature of the study, the methodology employed is a case study approach between China and South Africa by means of extensive numerical and document analysis. Upon conducting this analysis on the primacy of illicit financial flows in developing countries there was difficulty in measuring IFFs. The reason for this is because IFFs have a range of estimates so it was very difficult to produce precise and accurate results. The key findings of this paper were that there seems to be some kind of parallel between developing countries with large volumes of illicit financial outflows, and a dependency these countries have on external debt. This means it seems that weak economies, that are highly dependent on external debt and have large amounts of this debt, seem to have the largest volumes of illicit financial outflows. Weak regulation, high levels of debt and liberalised trade markets seem to be contributing factors to the degree to which companies evade taxes and partake in tax haven activity in these regions. Another key finding was that in 2012, despite China being ranked number one in the the countries which have the largest amounts of outflows on average, it still managed to achieve large amounts growth in the last 20 years. Indicating that there is some form of indication that IFFs could be viewed as symptomatic of weak financial systems and weak economies, instead of IFFs being the core of the problem.
- Full Text:
- Date Issued: 2020
- Authors: Mahlaba, Asande Cikizwa
- Date: 2020
- Subjects: Money -- Developing countries , Transfer pricing -- South Africa , Developing countries -- Economic conditions , Tax evasion -- China , Tax evasion -- South Africa
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/147435 , vital:38636
- Description: The main objective of this study was to question and investigate the primacy of illicit financial flows (IFFs) in developing countries, specifically focused on two countries namely China and South Africa. Africa is estimated to have lost approximately $1 trillion to IFFs over the last 50 years, which exceeds the financial assistance that these nations needed over the same period. For years. Africa has been the feeding ground for exploitation and resource plunder, and the narrative has always been Africa is underdeveloped because of this crime. Although this statement holds true in most African countries, what this paper seeks to do is to question whether capital flight, IFFs and more specifically tax evasion and tax haven activity are the reason for the deterioration of African economies or are IFFs perpetuated by economies with unsustainable growth paths. IFFs are an important factor when it comes to obstacles of economic growth. But are they the cause or effect? A very strong case can be made that they are the latter however, it is beyond the scope of this article to resolve this question. Its purpose is merely to assert that the question is a valid one and that presuming the answer could divert attention from the real question of economic development. This study contextualized the way in which IFFs are currently viewed in the world economic system according to the two approaches to development finance, and discussed modern monetary theory as an extension off these theories. Due to the nature of the study, the methodology employed is a case study approach between China and South Africa by means of extensive numerical and document analysis. Upon conducting this analysis on the primacy of illicit financial flows in developing countries there was difficulty in measuring IFFs. The reason for this is because IFFs have a range of estimates so it was very difficult to produce precise and accurate results. The key findings of this paper were that there seems to be some kind of parallel between developing countries with large volumes of illicit financial outflows, and a dependency these countries have on external debt. This means it seems that weak economies, that are highly dependent on external debt and have large amounts of this debt, seem to have the largest volumes of illicit financial outflows. Weak regulation, high levels of debt and liberalised trade markets seem to be contributing factors to the degree to which companies evade taxes and partake in tax haven activity in these regions. Another key finding was that in 2012, despite China being ranked number one in the the countries which have the largest amounts of outflows on average, it still managed to achieve large amounts growth in the last 20 years. Indicating that there is some form of indication that IFFs could be viewed as symptomatic of weak financial systems and weak economies, instead of IFFs being the core of the problem.
- Full Text:
- Date Issued: 2020
The relationship between export diversification, export concentration and economic growth
- Authors: Mchani, Sibusisiwe
- Date: 2020
- Subjects: Exports Economic development
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/49670 , vital:41769
- Description: Export diversification on economic growth has been a controversial issue in the empirical literature for a long time. This study examined the role of export diversification and export concentration on economic growth in the top ten trading countries in Africa and top ten trading countries in the world. The study used annual time series data for the period covering 1995 to 2014 and employed a PMG (Pooled Mean Group) Model to determine the effects of export concentration and export diversification and possible factors that affect it on economic growth. The estimation results attest to a positive effect of export diversification and a negative effect of export concentration on economic growth in the top ten trading countries in the world. However, for the top ten trading countries in Africa, the results show that export diversification is negatively related to economic growth, while export concentration positively affects economic growth. These results hold even when the DOLS and FMOLS are employed establishing their robustness. The study further shows that other control variables such as employment and government spending positively affect economic growth, while human capital and investment negatively affects economic growth in Africa. In the top ten trading countries in the World, government expenditure and investment are significant positive determinants of economic growth. It is recommended that governments in Africa countries should promote export diversification together with government expenditure, and pursue policies that will attract foreign direct investment into growth–enhancing productive sectors of their economies
- Full Text:
- Date Issued: 2020
- Authors: Mchani, Sibusisiwe
- Date: 2020
- Subjects: Exports Economic development
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/49670 , vital:41769
- Description: Export diversification on economic growth has been a controversial issue in the empirical literature for a long time. This study examined the role of export diversification and export concentration on economic growth in the top ten trading countries in Africa and top ten trading countries in the world. The study used annual time series data for the period covering 1995 to 2014 and employed a PMG (Pooled Mean Group) Model to determine the effects of export concentration and export diversification and possible factors that affect it on economic growth. The estimation results attest to a positive effect of export diversification and a negative effect of export concentration on economic growth in the top ten trading countries in the world. However, for the top ten trading countries in Africa, the results show that export diversification is negatively related to economic growth, while export concentration positively affects economic growth. These results hold even when the DOLS and FMOLS are employed establishing their robustness. The study further shows that other control variables such as employment and government spending positively affect economic growth, while human capital and investment negatively affects economic growth in Africa. In the top ten trading countries in the World, government expenditure and investment are significant positive determinants of economic growth. It is recommended that governments in Africa countries should promote export diversification together with government expenditure, and pursue policies that will attract foreign direct investment into growth–enhancing productive sectors of their economies
- Full Text:
- Date Issued: 2020
The South African income tax implications of a Stokvel
- Authors: Matshego, Katlego
- Date: 2020
- Subjects: Rotating credit associations -- South Africa. , Taxation -- South Africa , Tax deductions -- South Africa
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/143094 , vital:38201
- Description: The term “Stokvel” originates from the rotating cattle auctions of English settlers in the Eastern Cape during the nineteen century. A Stokvel is defined as a credit union where a group of people agree to contribute a fixed amount of money to a common pool and is referred to as a rotating savings and credit association, where the contributions to a fund are given in whole or in part to each member. The goal of the thesis was to determine the “gross income” implications of the fund and its members, as well the deductibility of their expenses. An interpretative research approach was used in the research as it sought to understand and describe. No interviews were conducted for this research and the data used for the research are publicly available. The tax implications of five different types of a Stokvel were considered in relation to the research goals through the application of legislation and case law principles. The study established that a collection burial society, where funds are contributed after death, does not beneficially receive funds and it is not entitled to any deductions. The same applies to the member of that society. A contributing burial society, where funds are contributed over time, beneficially receives funds, which are included in “gross income”, and qualifies for deductions. The receipt by the member is exempt and deductions are prohibited by section 23(f). An entertainment Stokvel does not receive the contributions on its own behalf and benefit. No deductions are available to it. However, the member beneficially receives the contributions from the Stokvel, which are included in “gross income”, and qualifies for deductions. A purchasing power group, where items are purchased on behalf of members, does not receive the funds beneficially and no deductions are available to it. The members simply receive the goods they have paid for. Lastly an investment Stokvel, which invests contributions for the members, beneficially receives contributions and qualifies for various deductions. The member receives the share of income from the Stokvel for his/her own benefit. However, no deductions are available in respect of contributions.
- Full Text:
- Date Issued: 2020
- Authors: Matshego, Katlego
- Date: 2020
- Subjects: Rotating credit associations -- South Africa. , Taxation -- South Africa , Tax deductions -- South Africa
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/143094 , vital:38201
- Description: The term “Stokvel” originates from the rotating cattle auctions of English settlers in the Eastern Cape during the nineteen century. A Stokvel is defined as a credit union where a group of people agree to contribute a fixed amount of money to a common pool and is referred to as a rotating savings and credit association, where the contributions to a fund are given in whole or in part to each member. The goal of the thesis was to determine the “gross income” implications of the fund and its members, as well the deductibility of their expenses. An interpretative research approach was used in the research as it sought to understand and describe. No interviews were conducted for this research and the data used for the research are publicly available. The tax implications of five different types of a Stokvel were considered in relation to the research goals through the application of legislation and case law principles. The study established that a collection burial society, where funds are contributed after death, does not beneficially receive funds and it is not entitled to any deductions. The same applies to the member of that society. A contributing burial society, where funds are contributed over time, beneficially receives funds, which are included in “gross income”, and qualifies for deductions. The receipt by the member is exempt and deductions are prohibited by section 23(f). An entertainment Stokvel does not receive the contributions on its own behalf and benefit. No deductions are available to it. However, the member beneficially receives the contributions from the Stokvel, which are included in “gross income”, and qualifies for deductions. A purchasing power group, where items are purchased on behalf of members, does not receive the funds beneficially and no deductions are available to it. The members simply receive the goods they have paid for. Lastly an investment Stokvel, which invests contributions for the members, beneficially receives contributions and qualifies for various deductions. The member receives the share of income from the Stokvel for his/her own benefit. However, no deductions are available in respect of contributions.
- Full Text:
- Date Issued: 2020
The value of economic capital as an indicator to protect prospective and existing ordinary shareholders
- Authors: Chonzi, Tendai Day
- Date: 2020
- Subjects: Banks and banking -- Risk management -- South Africa , Financial services industry -- Risk management -- South Africa , ABSA Bank , FirstRand Limited , Nedbank , Standard Bank Limited , Capitec Bank (South Africa)
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/145807 , vital:38468
- Description: South Africans banking sector is one of the most dominating banking sectors in Africa. The banking sector is privately owned and involves a lot of different stakeholders, who risk losing their investments. One of the stakeholders who are the bottom of the repayment chain are existing ordinary shareholders because they risk losing all their investment in the result of bankruptcy, liquidity crises or the inability of the bank to repay their shareholders. Regulators in the banking sector only protect the depositor and the stability of the banking sector but not ordinary shareholders. An internal supervisory measure called economic capital has recently received more attention because of its aim to protect ordinary shareholders and thus, existing and prospective shareholders can use its value as a protective indicator. Economic theory assumes that the higher the value of economic capital (the lower the economic capital shortfall), the lower the return on investment for existing ordinary shareholders. The aforementioned shows a trade-off between protection (economic capital) and returns. Literature by Larsson (2009) further suggests that banks are always reluctant with implementing internal measures to protect themselves because of the good regulatory regime in the sector, some banks think that they are “too big to fail” and the fact that the reserve banks are always on the standby as a bailout. The purpose of this research is to examine which of the top five commercial banks in South African actively protect their existing ordinary shareholders using the value of economic capital and possibly attract prospective ordinary shareholders, locally and internationally. The banks under study are Absa, Capitec, FirstRand, Nedbank and Standard Bank over ten years, starting from June 2009 to May 2019 and in monthly frequency. The observations totalled 120 and two models that are under the Return Series Method were in used, namely; Historical Simulation Model and Variance Covariance Model. Both models, although they were small deviations in the value of economic capital, concluded that Standard Bank protects its existing ordinary shareholders the most, followed by FirstRand, then Absa and last is Nedbank. Capitec was the only bank, after one financial shock that could not protect its existing ordinary shareholders. Moreover, evidence in the study shows a trade-off between economic capital and return on investment in the case of Capitec and Standard Bank. Standard Bank had the highest value of economic capital and second-lowest return on investment, while Capitec had the highest return on investment and lowest value of economic capital. The significant policy implication of the research is that financial institution needs to strike a balance between protection and profits; thus, a way of protecting various stakeholders. Financial shocks have proven that regulatory measures are weak and they are is need for internal measures (economic capital) which indicate how financial institution can sustain in such cases.
- Full Text:
- Date Issued: 2020
- Authors: Chonzi, Tendai Day
- Date: 2020
- Subjects: Banks and banking -- Risk management -- South Africa , Financial services industry -- Risk management -- South Africa , ABSA Bank , FirstRand Limited , Nedbank , Standard Bank Limited , Capitec Bank (South Africa)
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/145807 , vital:38468
- Description: South Africans banking sector is one of the most dominating banking sectors in Africa. The banking sector is privately owned and involves a lot of different stakeholders, who risk losing their investments. One of the stakeholders who are the bottom of the repayment chain are existing ordinary shareholders because they risk losing all their investment in the result of bankruptcy, liquidity crises or the inability of the bank to repay their shareholders. Regulators in the banking sector only protect the depositor and the stability of the banking sector but not ordinary shareholders. An internal supervisory measure called economic capital has recently received more attention because of its aim to protect ordinary shareholders and thus, existing and prospective shareholders can use its value as a protective indicator. Economic theory assumes that the higher the value of economic capital (the lower the economic capital shortfall), the lower the return on investment for existing ordinary shareholders. The aforementioned shows a trade-off between protection (economic capital) and returns. Literature by Larsson (2009) further suggests that banks are always reluctant with implementing internal measures to protect themselves because of the good regulatory regime in the sector, some banks think that they are “too big to fail” and the fact that the reserve banks are always on the standby as a bailout. The purpose of this research is to examine which of the top five commercial banks in South African actively protect their existing ordinary shareholders using the value of economic capital and possibly attract prospective ordinary shareholders, locally and internationally. The banks under study are Absa, Capitec, FirstRand, Nedbank and Standard Bank over ten years, starting from June 2009 to May 2019 and in monthly frequency. The observations totalled 120 and two models that are under the Return Series Method were in used, namely; Historical Simulation Model and Variance Covariance Model. Both models, although they were small deviations in the value of economic capital, concluded that Standard Bank protects its existing ordinary shareholders the most, followed by FirstRand, then Absa and last is Nedbank. Capitec was the only bank, after one financial shock that could not protect its existing ordinary shareholders. Moreover, evidence in the study shows a trade-off between economic capital and return on investment in the case of Capitec and Standard Bank. Standard Bank had the highest value of economic capital and second-lowest return on investment, while Capitec had the highest return on investment and lowest value of economic capital. The significant policy implication of the research is that financial institution needs to strike a balance between protection and profits; thus, a way of protecting various stakeholders. Financial shocks have proven that regulatory measures are weak and they are is need for internal measures (economic capital) which indicate how financial institution can sustain in such cases.
- Full Text:
- Date Issued: 2020
Tokyo Sexwale residents’ perceptions of the socio-cultural impacts of tourism in Jeffrey’s Bay
- Authors: Madlwabinga, Zolani Maxwell
- Date: 2020
- Subjects: Tourism -- Social aspects -- South Africa -- Jeffrey's Bay
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/48786 , vital:41072
- Description: In the context of tourism, the community is seen as one of many stakeholders, with the other stakeholders being the tourism product owners, the government and tourism marketers. An understanding of a particular community’s perceptions and attitudes and how these perceptions are shaped concerning tourism development is important for decision-makers. The knowledge and involvement of the community in tourism related matters often determine the success of tourism development. The key element of effective planning for tourism is involving the local community and paying attention to their ideas, needs and aspirations, regarding tourism development in their community. Therefore, the aim of this study was to determine Tokyo Sexwale residents’ perceptions of the socio-cultural impacts of tourism in Jeffrey’s Bay. In order to address this aim, the following research objectives were formulated: To conduct a comprehensive literature review on residents’ perceptions of the socio-cultural impacts of tourism; To ascertain the levels of knowledge of Tokyo Sexwale residents about tourism; and To investigate the Tokyo Sexwale residents’ perceptions of the socio-cultural impacts of tourism in Jeffrey’s Bay. In an attempt to address the objectives of this study, a quantitative research approach was adopted. Using the non-probability sampling method, specifically, convenience sampling, the data was collected by conducting the fieldwork in Tokyo Sexwale community in Jeffrey’s Bay from the beginning of June 2019 until the end of August 2019. As a result, completed questionnaires were collected from a sample size of 400 respondents. The findings revealed that 34.7 percent of the respondents were young and aged between 26-35 years. Twenty-seven (27.0) percent of the respondents have been residing in the community for six to ten (6-10) years. A substantial number of respondents had completed a secondary qualification (75.3 percent). The findings further revealed that the majority of respondents were knowledgeable about the statement “Tourism includes holiday trips, travelling away from home for recreational and business purposes” (91.5 percent). Half of the respondents indicated that they interact with tourists more frequently when they visit their area, purchasing goods and services (50.0 percent). With respect to positive and negative socio-cultural impacts of tourism, the findings revealed that 63.5 percent of respondents indicated that tourism has improved the image of Jeffrey’s Bay, while 49.5 percent of respondents indicated that traditional culture is being commercialised as a result of tourism. This study recommends that the local government and tourism businesses in Jeffrey’s Bay should implement community tourism awareness programmes to educate local residents about the potential positive and negative socio-cultural impacts of tourism. This will ensure that local residents of Tokyo Sexwale community are aware of such impacts and reject tourism developments that will be harmful to their community and support those that will benefit them.
- Full Text:
- Date Issued: 2020
- Authors: Madlwabinga, Zolani Maxwell
- Date: 2020
- Subjects: Tourism -- Social aspects -- South Africa -- Jeffrey's Bay
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/48786 , vital:41072
- Description: In the context of tourism, the community is seen as one of many stakeholders, with the other stakeholders being the tourism product owners, the government and tourism marketers. An understanding of a particular community’s perceptions and attitudes and how these perceptions are shaped concerning tourism development is important for decision-makers. The knowledge and involvement of the community in tourism related matters often determine the success of tourism development. The key element of effective planning for tourism is involving the local community and paying attention to their ideas, needs and aspirations, regarding tourism development in their community. Therefore, the aim of this study was to determine Tokyo Sexwale residents’ perceptions of the socio-cultural impacts of tourism in Jeffrey’s Bay. In order to address this aim, the following research objectives were formulated: To conduct a comprehensive literature review on residents’ perceptions of the socio-cultural impacts of tourism; To ascertain the levels of knowledge of Tokyo Sexwale residents about tourism; and To investigate the Tokyo Sexwale residents’ perceptions of the socio-cultural impacts of tourism in Jeffrey’s Bay. In an attempt to address the objectives of this study, a quantitative research approach was adopted. Using the non-probability sampling method, specifically, convenience sampling, the data was collected by conducting the fieldwork in Tokyo Sexwale community in Jeffrey’s Bay from the beginning of June 2019 until the end of August 2019. As a result, completed questionnaires were collected from a sample size of 400 respondents. The findings revealed that 34.7 percent of the respondents were young and aged between 26-35 years. Twenty-seven (27.0) percent of the respondents have been residing in the community for six to ten (6-10) years. A substantial number of respondents had completed a secondary qualification (75.3 percent). The findings further revealed that the majority of respondents were knowledgeable about the statement “Tourism includes holiday trips, travelling away from home for recreational and business purposes” (91.5 percent). Half of the respondents indicated that they interact with tourists more frequently when they visit their area, purchasing goods and services (50.0 percent). With respect to positive and negative socio-cultural impacts of tourism, the findings revealed that 63.5 percent of respondents indicated that tourism has improved the image of Jeffrey’s Bay, while 49.5 percent of respondents indicated that traditional culture is being commercialised as a result of tourism. This study recommends that the local government and tourism businesses in Jeffrey’s Bay should implement community tourism awareness programmes to educate local residents about the potential positive and negative socio-cultural impacts of tourism. This will ensure that local residents of Tokyo Sexwale community are aware of such impacts and reject tourism developments that will be harmful to their community and support those that will benefit them.
- Full Text:
- Date Issued: 2020
Water footprint and economic water productivity of citrus production: a comparison across three river valleys in the Eastern Cape Milands
- Authors: Danckwerts, Lindsay
- Date: 2020
- Subjects: Water in agriculture -- South Africa -- Eastern Cape , Water consumption -- South Africa -- Economic aspects , Water supply, Agricultural -- South Africa -- Eastern Cape , Citrus fruit industry -- South Africa -- Eastern Cape
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/141064 , vital:37941
- Description: South Africa is a semi-arid, water scarce country. The nation has suffered a spate of severe droughts in several regions in recent years, which have significantly impacted the country’s economy. Global warming, population growth, and rising demand for water intensive products are only expected to intensify water supply problems in the future. The agricultural industry is the largest consumer of water in South Africa, accounting for the majority of total surface water withdrawals. As such, the agricultural sector is faced with complex and difficult management decisions in the face of a potential water supply crisis. The water footprint (WF) and economic water productivity (EWP) of citrus production across three river catchments located in the Eastern Cape Midlands (situated in the vicinity of the settlements of Adelaide, Cookhouse and Fort Beaufort respectively) were calculated and compared. In the long-term average (LTA), blue WF weighted across all three regions accounted for the greatest proportion of total WF (53%), followed in turn by green and grey WF (30% and 17% respectively). LTA blue and grey WF was lowest in the Adelaide region, while green WF was smallest in the Fort Beaufort region. Blue, green and grey WF were found to be greatest in the Cookhouse region. LTA EWP was greatest in the Fort Beaufort region and smallest in the Adelaide region. Of all variety groups assessed, lemons were found to have the lowest LTA crop water use and blue, green and grey WF when considering citrus production averaged across all three study regions. Satsumas has the second smallest LTA blue, green and grey WF, followed by navels, mid-season mandarins, and finally, late mandarins. Lemons had the greatest LTA EWP of all varieties, followed in turn by satsumas, late mandarins, mid-season mandarins and navels. Blue crop water use was consistently lowest in the designated wet year and highest in the dry year. However, this same trend was not necessarily true for WF findings. WF and EWP are useful indicators of water use which can be used to help guide complex water management decisions. However, these indicators are single-factor productivity measures applied in a multi-factor environment. It is therefore important that factors outside of water use are considered when making water management decisions. Moreover, it is important to examine the impact that the various components making up WF and EWP have on the resultant figures, rather than merely considering the superficial results themselves. Factors such as CWU, orchard maturity, crop choice, potential yield, climate, irrigation system, economic return, water allocation and water availability should all be taken into account.
- Full Text:
- Date Issued: 2020
- Authors: Danckwerts, Lindsay
- Date: 2020
- Subjects: Water in agriculture -- South Africa -- Eastern Cape , Water consumption -- South Africa -- Economic aspects , Water supply, Agricultural -- South Africa -- Eastern Cape , Citrus fruit industry -- South Africa -- Eastern Cape
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/141064 , vital:37941
- Description: South Africa is a semi-arid, water scarce country. The nation has suffered a spate of severe droughts in several regions in recent years, which have significantly impacted the country’s economy. Global warming, population growth, and rising demand for water intensive products are only expected to intensify water supply problems in the future. The agricultural industry is the largest consumer of water in South Africa, accounting for the majority of total surface water withdrawals. As such, the agricultural sector is faced with complex and difficult management decisions in the face of a potential water supply crisis. The water footprint (WF) and economic water productivity (EWP) of citrus production across three river catchments located in the Eastern Cape Midlands (situated in the vicinity of the settlements of Adelaide, Cookhouse and Fort Beaufort respectively) were calculated and compared. In the long-term average (LTA), blue WF weighted across all three regions accounted for the greatest proportion of total WF (53%), followed in turn by green and grey WF (30% and 17% respectively). LTA blue and grey WF was lowest in the Adelaide region, while green WF was smallest in the Fort Beaufort region. Blue, green and grey WF were found to be greatest in the Cookhouse region. LTA EWP was greatest in the Fort Beaufort region and smallest in the Adelaide region. Of all variety groups assessed, lemons were found to have the lowest LTA crop water use and blue, green and grey WF when considering citrus production averaged across all three study regions. Satsumas has the second smallest LTA blue, green and grey WF, followed by navels, mid-season mandarins, and finally, late mandarins. Lemons had the greatest LTA EWP of all varieties, followed in turn by satsumas, late mandarins, mid-season mandarins and navels. Blue crop water use was consistently lowest in the designated wet year and highest in the dry year. However, this same trend was not necessarily true for WF findings. WF and EWP are useful indicators of water use which can be used to help guide complex water management decisions. However, these indicators are single-factor productivity measures applied in a multi-factor environment. It is therefore important that factors outside of water use are considered when making water management decisions. Moreover, it is important to examine the impact that the various components making up WF and EWP have on the resultant figures, rather than merely considering the superficial results themselves. Factors such as CWU, orchard maturity, crop choice, potential yield, climate, irrigation system, economic return, water allocation and water availability should all be taken into account.
- Full Text:
- Date Issued: 2020
A blended learning toolkit that accommodates multiple learning styles
- Authors: Mills, Steven Christopher
- Date: 2019
- Subjects: Blended learning , Learning strategies Learning
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/30452 , vital:30945
- Description: The purpose of this study was to identify how blended learning can be designed and incorporated to accommodate multiple learning styles within modules in the Department of Computing Sciences. A design theory was created through an analysis of literature and exploration into the backgrounds of students and lecturers within the Department of Computing Sciences. The design theory is: Blended learning can be a useful approach to accommodate multiple learning styles. Guidelines, and by extension a toolkit, facilitate the development of blended learning and provide effective tools to enable lecturers to successfully incorporate blended learning into their modules. Design-Based Research (DBR) was followed in this study, using a mixed-methods and iterative approach to determine the accuracy of the design theory. For the first iteration, the toolkit was implemented in two modules within the Department of Computing Sciences and for the second iteration, four modules. DBR produces a theoretical contribution and a practical artefact. The most important theoretical contributions are the design theory and guidelines for incorporating blended learning that accommodates multiple learning styles. The practical artefacts are the toolkit and tools therein. The toolkit, which was accessed via a website, guides lecturers through the process of incorporating blended learning that accommodates multiple learning styles and provides them with the necessary tools to do so. The design theory was proven in the evaluation that used a questionnaire to understand the lecturers’ experiences regarding the toolkit and the design theory. Therefore, the guidelines for applying blended learning is a useful approach to address multiple learning styles.
- Full Text:
- Date Issued: 2019
- Authors: Mills, Steven Christopher
- Date: 2019
- Subjects: Blended learning , Learning strategies Learning
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/30452 , vital:30945
- Description: The purpose of this study was to identify how blended learning can be designed and incorporated to accommodate multiple learning styles within modules in the Department of Computing Sciences. A design theory was created through an analysis of literature and exploration into the backgrounds of students and lecturers within the Department of Computing Sciences. The design theory is: Blended learning can be a useful approach to accommodate multiple learning styles. Guidelines, and by extension a toolkit, facilitate the development of blended learning and provide effective tools to enable lecturers to successfully incorporate blended learning into their modules. Design-Based Research (DBR) was followed in this study, using a mixed-methods and iterative approach to determine the accuracy of the design theory. For the first iteration, the toolkit was implemented in two modules within the Department of Computing Sciences and for the second iteration, four modules. DBR produces a theoretical contribution and a practical artefact. The most important theoretical contributions are the design theory and guidelines for incorporating blended learning that accommodates multiple learning styles. The practical artefacts are the toolkit and tools therein. The toolkit, which was accessed via a website, guides lecturers through the process of incorporating blended learning that accommodates multiple learning styles and provides them with the necessary tools to do so. The design theory was proven in the evaluation that used a questionnaire to understand the lecturers’ experiences regarding the toolkit and the design theory. Therefore, the guidelines for applying blended learning is a useful approach to address multiple learning styles.
- Full Text:
- Date Issued: 2019
Academic performance and cognitive critical thinking skills of certificate in theory of accounting students at Nelson Mandela University
- Authors: Pienaar, Joné
- Date: 2019
- Subjects: Academic achievement , Thought and thinking , Cognitive learning , Educational tests and measurements , Academic achievement -- South Africa -- Port Elizabeth -- Evaluation
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/43196 , vital:36759
- Description: With advances in computerisation, the skills that accountants need to remain relevant in an ever-changing world deserves consideration. Literature indicates that “critical thinking skills” form part of the required skill set. However, the development and assessment of critical thinking skills in the accounting curriculum has not received sufficient attention. This study focuses on evaluating the assessment of accounting students’ critical thinking skills, specifically those aspiring to be CAs (SA), who are in their final year of university education. The primary objective of this study is to establish whether a relationship exists between cognitive critical thinking skills and academic performance of CTA students at Nelson Mandela University. The research followed a positivistic mixed method research methodology. Using the Watson-Glaser Critical Thinking Appraisal (W-GCTA), the cognitive critical thinking ability of the sample (CTA students (n=60)) was determined and compared to their academic performance using various statistical techniques. Since the proxy for academic performance was the final marks of which the year-end examination forms a very large component, the examiners of each of the modules comprising the CTA programme also completed a questionnaire wherein they indicated the critical thinking skills assessed, and the assessment characteristics used in the examination papers. The results indicate that a relationship exists between cognitive critical thinking skills and academic performance of the sample in three of the four modules of the CTA programme: Accounting, Taxation and Estate Planning and Management Accounting. The questionnaire feedback indicates that cognitive critical thinking skills were assessed in the CTA programme to some extent, but that focus was placed on skills not assessed by the W-GCTA.
- Full Text:
- Date Issued: 2019
- Authors: Pienaar, Joné
- Date: 2019
- Subjects: Academic achievement , Thought and thinking , Cognitive learning , Educational tests and measurements , Academic achievement -- South Africa -- Port Elizabeth -- Evaluation
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/43196 , vital:36759
- Description: With advances in computerisation, the skills that accountants need to remain relevant in an ever-changing world deserves consideration. Literature indicates that “critical thinking skills” form part of the required skill set. However, the development and assessment of critical thinking skills in the accounting curriculum has not received sufficient attention. This study focuses on evaluating the assessment of accounting students’ critical thinking skills, specifically those aspiring to be CAs (SA), who are in their final year of university education. The primary objective of this study is to establish whether a relationship exists between cognitive critical thinking skills and academic performance of CTA students at Nelson Mandela University. The research followed a positivistic mixed method research methodology. Using the Watson-Glaser Critical Thinking Appraisal (W-GCTA), the cognitive critical thinking ability of the sample (CTA students (n=60)) was determined and compared to their academic performance using various statistical techniques. Since the proxy for academic performance was the final marks of which the year-end examination forms a very large component, the examiners of each of the modules comprising the CTA programme also completed a questionnaire wherein they indicated the critical thinking skills assessed, and the assessment characteristics used in the examination papers. The results indicate that a relationship exists between cognitive critical thinking skills and academic performance of the sample in three of the four modules of the CTA programme: Accounting, Taxation and Estate Planning and Management Accounting. The questionnaire feedback indicates that cognitive critical thinking skills were assessed in the CTA programme to some extent, but that focus was placed on skills not assessed by the W-GCTA.
- Full Text:
- Date Issued: 2019
Active vs passive portfolio management: an empirical analysis of selected South African equity funds
- Mphahlele, Phaswane Moatlegi
- Authors: Mphahlele, Phaswane Moatlegi
- Date: 2019
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/97846 , vital:31493
- Description: Expected release date-April 2020
- Full Text: false
- Date Issued: 2019
Active vs passive portfolio management: an empirical analysis of selected South African equity funds
- Authors: Mphahlele, Phaswane Moatlegi
- Date: 2019
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/97846 , vital:31493
- Description: Expected release date-April 2020
- Full Text: false
- Date Issued: 2019
An access control model for a South African National Electronic Health Record System
- Authors: Tsegaye, Tamir Asrat
- Date: 2019
- Subjects: Medical records -- Data processing , Medical records -- Data processing -- Safety measures , Medical records -- Data processing -- South Africa , Medical records -- Data processing -- Access control , Medical informatics , Medical records -- Management -- South Africa , Health services administration -- South Africa
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/97046 , vital:31390
- Description: Countries such as South Africa have attempted to leverage eHealth by digitising patients’ medical records with the ultimate goal of improving the delivery of healthcare. This involves the use of the Electronic Health Record (EHR) which is a longitudinal electronic record of a patient’s information. The EHR is comprised of all of the encounters that have been made at different health facilities. In the national context, the EHR is also known as a national EHR which enables the sharing of patient information between points of care. Despite this, the realisation of a national EHR system puts patients' EHRs at risk. This is because patients’ information, which was once only available at local health facilities in the form of paper-based records, can be accessed anywhere within the country as a national EHR. This results in security and privacy issues since patients’ EHRs are shared with an increasing number of parties who are geographically distributed. This study proposes an access control model that will address the security and privacy issues by providing the right level of secure access to authorised clinicians. The proposed model is based on a combination of Role-Based Access Control (RBAC) and Attribute-Based Access Control (ABAC). The study found that RBAC is the most common access control model that is used within the healthcare domain where users’ job functions are based on roles. While RBAC is not able to handle dynamic events such as emergencies, the proposed model’s use of ABAC addresses this limitation. The development of the proposed model followed the design science research paradigm and was informed by the results of the content analysis plus an expert review. The content analysis sample was retrieved by conducting a systematic literature review and the analysis of this sample resulted in 6743 tags. The proposed model was evaluated using an evaluation framework via an expert review.
- Full Text:
- Date Issued: 2019
- Authors: Tsegaye, Tamir Asrat
- Date: 2019
- Subjects: Medical records -- Data processing , Medical records -- Data processing -- Safety measures , Medical records -- Data processing -- South Africa , Medical records -- Data processing -- Access control , Medical informatics , Medical records -- Management -- South Africa , Health services administration -- South Africa
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/97046 , vital:31390
- Description: Countries such as South Africa have attempted to leverage eHealth by digitising patients’ medical records with the ultimate goal of improving the delivery of healthcare. This involves the use of the Electronic Health Record (EHR) which is a longitudinal electronic record of a patient’s information. The EHR is comprised of all of the encounters that have been made at different health facilities. In the national context, the EHR is also known as a national EHR which enables the sharing of patient information between points of care. Despite this, the realisation of a national EHR system puts patients' EHRs at risk. This is because patients’ information, which was once only available at local health facilities in the form of paper-based records, can be accessed anywhere within the country as a national EHR. This results in security and privacy issues since patients’ EHRs are shared with an increasing number of parties who are geographically distributed. This study proposes an access control model that will address the security and privacy issues by providing the right level of secure access to authorised clinicians. The proposed model is based on a combination of Role-Based Access Control (RBAC) and Attribute-Based Access Control (ABAC). The study found that RBAC is the most common access control model that is used within the healthcare domain where users’ job functions are based on roles. While RBAC is not able to handle dynamic events such as emergencies, the proposed model’s use of ABAC addresses this limitation. The development of the proposed model followed the design science research paradigm and was informed by the results of the content analysis plus an expert review. The content analysis sample was retrieved by conducting a systematic literature review and the analysis of this sample resulted in 6743 tags. The proposed model was evaluated using an evaluation framework via an expert review.
- Full Text:
- Date Issued: 2019
An Agile systems development approach for enhancing e-Government user adoption
- Authors: Lehasa, Odifentse Mapula-e
- Date: 2019
- Subjects: Agile software development , Internet in public administration -- Developing countries
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/94158 , vital:31010
- Description: The expansion of technological developments in all areas of society has seen governments taking advantage of new technologies to enhance public service delivery, disseminate information and promote participation by the public in government decision-making. This phenomenon is known as electronic government, or e-Government. However despite the socio-economic benefits inherent in the implementation of e-Government systems, an overwhelming number of government projects – particularly in developing countries – struggle to successfully implement e-Government systems. e-Government project failure is more pronounced in developing countries, with more than half of these projects either partially or completely failing. The failure of e-Government projects undermines government investments, as well as the potential socio-economic benefits that could be realised by the citizens. Arguably, while the failure or success of an e-Government project is attributed to a myriad of factors, low user adoption is one of the key factors that contribute to e-Government project failure. Therefore this thesis seeks to investigate the phenomenon of low e-Government user adoption and determine whether the use of an Agile system development approach can positively influence e-Government user satisfaction as well as buy-in and adoption. A Mixed-Methods, multi-case study approach was used through the perspective of Post-Positivism. The researcher examined four (4) South African e-Government projects – using an online questionnaire and in-depth interviews with members of the system development team – to determine whether the use of an Agile approach has merit in enhancing e-Government user adoption. The use of a Mixed-Methods approach allowed for data triangulation so as to verify the findings; while the use of multiple case studies enabled for cross-case analysis. The findings indicate that the use of Agile practices, as listed in the proposed Agile-informed User Engagement Guidelines, can ensure that the e-Government system developed meets user needs; and, that users are satisfied with, and make use of the e-Government system. However since most large e-Government projects make use of a traditional Waterfall development approach, it is recommended that the Agile practices (proposed guidelines) be incorporated into the structured Waterfall approach – to create a hybrid, or blended system development approach. In conclusion, the use of the proposed Agile-informed User Engagement Guidelines can enhance e-Government user adoption; and, subsequently, contribute towards nurturing the success of e-Government projects.
- Full Text:
- Date Issued: 2019
- Authors: Lehasa, Odifentse Mapula-e
- Date: 2019
- Subjects: Agile software development , Internet in public administration -- Developing countries
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/94158 , vital:31010
- Description: The expansion of technological developments in all areas of society has seen governments taking advantage of new technologies to enhance public service delivery, disseminate information and promote participation by the public in government decision-making. This phenomenon is known as electronic government, or e-Government. However despite the socio-economic benefits inherent in the implementation of e-Government systems, an overwhelming number of government projects – particularly in developing countries – struggle to successfully implement e-Government systems. e-Government project failure is more pronounced in developing countries, with more than half of these projects either partially or completely failing. The failure of e-Government projects undermines government investments, as well as the potential socio-economic benefits that could be realised by the citizens. Arguably, while the failure or success of an e-Government project is attributed to a myriad of factors, low user adoption is one of the key factors that contribute to e-Government project failure. Therefore this thesis seeks to investigate the phenomenon of low e-Government user adoption and determine whether the use of an Agile system development approach can positively influence e-Government user satisfaction as well as buy-in and adoption. A Mixed-Methods, multi-case study approach was used through the perspective of Post-Positivism. The researcher examined four (4) South African e-Government projects – using an online questionnaire and in-depth interviews with members of the system development team – to determine whether the use of an Agile approach has merit in enhancing e-Government user adoption. The use of a Mixed-Methods approach allowed for data triangulation so as to verify the findings; while the use of multiple case studies enabled for cross-case analysis. The findings indicate that the use of Agile practices, as listed in the proposed Agile-informed User Engagement Guidelines, can ensure that the e-Government system developed meets user needs; and, that users are satisfied with, and make use of the e-Government system. However since most large e-Government projects make use of a traditional Waterfall development approach, it is recommended that the Agile practices (proposed guidelines) be incorporated into the structured Waterfall approach – to create a hybrid, or blended system development approach. In conclusion, the use of the proposed Agile-informed User Engagement Guidelines can enhance e-Government user adoption; and, subsequently, contribute towards nurturing the success of e-Government projects.
- Full Text:
- Date Issued: 2019
An analysis of the possible success of a tax on sugarsweetened beverages in South Africa
- Authors: Mabaso, Bandla Sazi
- Date: 2019
- Subjects: Nutrition -- Government policy -- South Africa , Value-added tax -- South Africa , Obesity -- South Africa -- Prevention , Excise tax -- South Africa , Taxations of articles of consumption -- South Africa , Tobacco -- Taxation -- South Africa , Alcohol -- Taxation -- South Africa , Carbonated beverages -- Taxation -- South Africa
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/68333 , vital:29240
- Description: The increase in obesity is a global crisis that is prevalent in both the developed and developing economies, including South Africa. It endangers the health and threatens the life of many people. Sugar-sweetened beverages have become the key target in the fight against obesity, in preference to other foodstuffs that contain added sugar, because of the poor nutritional value they contain and harm they cause if consumed excessively. The Minister of Finance announced in the 2016 Budget Speech, that a proposed tax on sugar-sweetened beverages would be introduced in South Africa and would be implemented in April 2017, but the anticipated date is now 1 April 2018. The thesis examined the possible success of this proposed tax in South Africa, using as a benchmark the process followed prior to implementing the tax and the experience of selected foreign countries that have implemented the tax, one country subsequently abolishing it, and another country considering implementing it. Additionally, the research analysed the success of the existing excise taxes levied on tobacco and alcohol in South Africa, in attempting to predict the possible success of the proposed tax. The success of the proposed tax is, however, threatened by the emergence of illegal markets that offer the targeted products inexpensively, particularly if similar restrictions and laws do not exist in bordering countries. The research was carried out by means of the analysis of journal articles, information from the selected countries’ revenue authorities’ websites, National Treasury publications, commentaries by experts and publications by professional organisations and firms. Overall, the proposed tax has been successful in curbing obesity and high sugar intake in other countries. Similarly, the excise taxes on tobacco and alcohol have been successful in reducing the consumption of targeted products in South Africa. These successes have been realized through a collaborated effort and employing a multi-faceted approach, including advertising restrictions. Nevertheless, the proposed tax is popularly criticised for its regressive nature and the potential job losses that are associated with it.
- Full Text:
- Date Issued: 2019
- Authors: Mabaso, Bandla Sazi
- Date: 2019
- Subjects: Nutrition -- Government policy -- South Africa , Value-added tax -- South Africa , Obesity -- South Africa -- Prevention , Excise tax -- South Africa , Taxations of articles of consumption -- South Africa , Tobacco -- Taxation -- South Africa , Alcohol -- Taxation -- South Africa , Carbonated beverages -- Taxation -- South Africa
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/68333 , vital:29240
- Description: The increase in obesity is a global crisis that is prevalent in both the developed and developing economies, including South Africa. It endangers the health and threatens the life of many people. Sugar-sweetened beverages have become the key target in the fight against obesity, in preference to other foodstuffs that contain added sugar, because of the poor nutritional value they contain and harm they cause if consumed excessively. The Minister of Finance announced in the 2016 Budget Speech, that a proposed tax on sugar-sweetened beverages would be introduced in South Africa and would be implemented in April 2017, but the anticipated date is now 1 April 2018. The thesis examined the possible success of this proposed tax in South Africa, using as a benchmark the process followed prior to implementing the tax and the experience of selected foreign countries that have implemented the tax, one country subsequently abolishing it, and another country considering implementing it. Additionally, the research analysed the success of the existing excise taxes levied on tobacco and alcohol in South Africa, in attempting to predict the possible success of the proposed tax. The success of the proposed tax is, however, threatened by the emergence of illegal markets that offer the targeted products inexpensively, particularly if similar restrictions and laws do not exist in bordering countries. The research was carried out by means of the analysis of journal articles, information from the selected countries’ revenue authorities’ websites, National Treasury publications, commentaries by experts and publications by professional organisations and firms. Overall, the proposed tax has been successful in curbing obesity and high sugar intake in other countries. Similarly, the excise taxes on tobacco and alcohol have been successful in reducing the consumption of targeted products in South Africa. These successes have been realized through a collaborated effort and employing a multi-faceted approach, including advertising restrictions. Nevertheless, the proposed tax is popularly criticised for its regressive nature and the potential job losses that are associated with it.
- Full Text:
- Date Issued: 2019
An assessment of marine food security in the Western Indian Ocean and the likely impacts of climate change
- Taylor, Sarah Frances Wedgwood
- Authors: Taylor, Sarah Frances Wedgwood
- Date: 2019
- Subjects: Food security
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/44528 , vital:38140
- Description: The Western Indian Ocean hosts the second largest coastal population on the planet and supports 4 million tons of fish catches annually yielding $943 million in revenues and employment. However, it has been warming at a rate faster than any other region of the tropical oceans over the last century thereby placing the challenges of fluctuating fish supply and changes in ocean productivity on coastal communities. With the global food system under mounting pressure, governments need to understand the relationship between fish supply and food security to avoid overseeing the important role fish and fisheries play in ensuring food security. This study provides an alternative view and measurement of food security at a national level by assessing the impact that macroeconomic variables and climate change have on fish supply in Kenya, South Africa, and Tanzania as case study countries of the Western Indian Ocean. Vector Error Correction Models were run to analyse the impact of economic growth, fishing effort, lending interest rates, and climate change on marine food security for the period of 1980-2016. Agricultural employment was used as a proxy for fishing effort. In general, the relationship between fish supply and fishing effort is negative in the short run and positive in the long run for Kenyan marine fisheries, South African total capture and marine fisheries, and Tanzanian capture fisheries. These results therefore oppose the theoretical expectations. Sea surface temperature, as a proxy of climate change, was found to have a negative impact overall on fish supply and therefore exerts a negative impact on marine food security in all three countries. The results emphasise the need to use disaggregated fisheries statistics to better understand the complex relationship between macroeconomic variables and fish supply. By doing so, more effective food security policies can be created in attempt to mitigate the potential negative impacts of climate change on marine food security in the Western Indian Ocean.
- Full Text:
- Date Issued: 2019
- Authors: Taylor, Sarah Frances Wedgwood
- Date: 2019
- Subjects: Food security
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/44528 , vital:38140
- Description: The Western Indian Ocean hosts the second largest coastal population on the planet and supports 4 million tons of fish catches annually yielding $943 million in revenues and employment. However, it has been warming at a rate faster than any other region of the tropical oceans over the last century thereby placing the challenges of fluctuating fish supply and changes in ocean productivity on coastal communities. With the global food system under mounting pressure, governments need to understand the relationship between fish supply and food security to avoid overseeing the important role fish and fisheries play in ensuring food security. This study provides an alternative view and measurement of food security at a national level by assessing the impact that macroeconomic variables and climate change have on fish supply in Kenya, South Africa, and Tanzania as case study countries of the Western Indian Ocean. Vector Error Correction Models were run to analyse the impact of economic growth, fishing effort, lending interest rates, and climate change on marine food security for the period of 1980-2016. Agricultural employment was used as a proxy for fishing effort. In general, the relationship between fish supply and fishing effort is negative in the short run and positive in the long run for Kenyan marine fisheries, South African total capture and marine fisheries, and Tanzanian capture fisheries. These results therefore oppose the theoretical expectations. Sea surface temperature, as a proxy of climate change, was found to have a negative impact overall on fish supply and therefore exerts a negative impact on marine food security in all three countries. The results emphasise the need to use disaggregated fisheries statistics to better understand the complex relationship between macroeconomic variables and fish supply. By doing so, more effective food security policies can be created in attempt to mitigate the potential negative impacts of climate change on marine food security in the Western Indian Ocean.
- Full Text:
- Date Issued: 2019
An assessment of the application of the internal dispute resolution in resolving disputes relating to unfair labour practice in the workplace
- Rasivhetshele, Aswindine Modystar
- Authors: Rasivhetshele, Aswindine Modystar
- Date: 2019
- Subjects: Labor disputes
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/43036 , vital:36726
- Description: When grievances do not get resolved in the workplace, they can turn into disputes of unfair labour practices. The use of an internal dispute resolution mechanism, the grievance procedure, is not a new method for resolving disputes of unfair labour practices within the jurisdiction of the workplace. While some organisations benefit from effectively using the internal dispute resolution mechanism, other organisations seem not to yield positive results when applying the very same internal mechanism. This, therefore, raises the question whether the internal grievance procedures effectively used to resolve disputes of unfair labour practices. The main aim of this research study, therefore, is to assess the application of the internal dispute resolution mechanism in order to determine whether the City of Tshwane Metropolitan Municipality in Pretoria, Gauteng Province of the Republic of South Africa, is effectively applying the internal dispute resolution mechanism to resolve disputes of unfair labour practices in the workplace. To answer the research questions, a literature study was conducted. A literature study was done to find out what other studies have discovered regarding the internal dispute resolution mechanism and unfair labour practices. Deficiencies found in the Labour Relations Act 66 of 1995 (hereinafter referred to as the LRA), the Constitution of the Republic of South Africa, 1996; and the intertwine between the application of the common law and labour law further complicate resolutions of disputes of unfair labour practices. As a result, organisations may not be certain which specific law should mainly be taken into account when dealing with labour matters concerning unfair labour practices. As such, the internal dispute resolution mechanism may not be effectively applied in the workplace to minimise or prevent disputes of unfair labour practices from having a negative impact on the organisation. Once an organisation fails to resolve disputes of unfair labour practices inside the workplace, the efficiency of the organisation is compromised. The organisation is at risk of spending more time and possibly more money when disputes of unfair labour practices are referred to external dispute resolution institutions. An empirical research study using a quantitative research method was used to collect data. A structured online questionnaire was used to collect data from research respondents. A purposive sampling technique was used to obtain data from the personnel who are tasked with the duties and responsibilities of dealing and managing labour relations in the organisation. Respondents consisted of labour relations and human resources practitioners and labour relations and human resources managers. Data was obtained from 16 out of 23 respondents, which resulted in a 69% response rate. Findings of the study indicated that the internal dispute resolution mechanism of the City of Tshwane Metropolitan Municipality was perceived to be ineffective in resolving disputes hence disputes were referred to external dispute institutions. In the process, the organisation incurred costs in terms of time and money. Furthermore, the time it took to resolve disputes of unfair labour practices negatively affected the morale of employees and productivity in the workplace. Although the majority of respondents had the competencies and skills, some individuals felt that the competencies and skills they had were not sufficient to enable them to deal with dispute resolution effectively. As a result, the lack of required competencies and skills affected the process of the dispute resolution of the organisation by causing delays in resolving unfair labour practices in the workplace. The research indicated that there were inconsistencies in the application of procedures regarding resolving disputes relating to unfair labour practices. As such, respondents perceived the grievance procedure as not being effectively used to reduce the number of disputes from escalating to external dispute resolution institutions. Respondents perceived that human resources and labour relations personnel did not apply fairness consistently when dealing with disputes of unfair labour practices. The research study concluded by revealing that the success of the internal dispute resolution mechanism in resolving disputes of unfair labour practices is achieved, and handicapped, by persons who are tasked with the responsibility of dealing and managing labour relations in the workplace.
- Full Text:
- Date Issued: 2019
- Authors: Rasivhetshele, Aswindine Modystar
- Date: 2019
- Subjects: Labor disputes
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/43036 , vital:36726
- Description: When grievances do not get resolved in the workplace, they can turn into disputes of unfair labour practices. The use of an internal dispute resolution mechanism, the grievance procedure, is not a new method for resolving disputes of unfair labour practices within the jurisdiction of the workplace. While some organisations benefit from effectively using the internal dispute resolution mechanism, other organisations seem not to yield positive results when applying the very same internal mechanism. This, therefore, raises the question whether the internal grievance procedures effectively used to resolve disputes of unfair labour practices. The main aim of this research study, therefore, is to assess the application of the internal dispute resolution mechanism in order to determine whether the City of Tshwane Metropolitan Municipality in Pretoria, Gauteng Province of the Republic of South Africa, is effectively applying the internal dispute resolution mechanism to resolve disputes of unfair labour practices in the workplace. To answer the research questions, a literature study was conducted. A literature study was done to find out what other studies have discovered regarding the internal dispute resolution mechanism and unfair labour practices. Deficiencies found in the Labour Relations Act 66 of 1995 (hereinafter referred to as the LRA), the Constitution of the Republic of South Africa, 1996; and the intertwine between the application of the common law and labour law further complicate resolutions of disputes of unfair labour practices. As a result, organisations may not be certain which specific law should mainly be taken into account when dealing with labour matters concerning unfair labour practices. As such, the internal dispute resolution mechanism may not be effectively applied in the workplace to minimise or prevent disputes of unfair labour practices from having a negative impact on the organisation. Once an organisation fails to resolve disputes of unfair labour practices inside the workplace, the efficiency of the organisation is compromised. The organisation is at risk of spending more time and possibly more money when disputes of unfair labour practices are referred to external dispute resolution institutions. An empirical research study using a quantitative research method was used to collect data. A structured online questionnaire was used to collect data from research respondents. A purposive sampling technique was used to obtain data from the personnel who are tasked with the duties and responsibilities of dealing and managing labour relations in the organisation. Respondents consisted of labour relations and human resources practitioners and labour relations and human resources managers. Data was obtained from 16 out of 23 respondents, which resulted in a 69% response rate. Findings of the study indicated that the internal dispute resolution mechanism of the City of Tshwane Metropolitan Municipality was perceived to be ineffective in resolving disputes hence disputes were referred to external dispute institutions. In the process, the organisation incurred costs in terms of time and money. Furthermore, the time it took to resolve disputes of unfair labour practices negatively affected the morale of employees and productivity in the workplace. Although the majority of respondents had the competencies and skills, some individuals felt that the competencies and skills they had were not sufficient to enable them to deal with dispute resolution effectively. As a result, the lack of required competencies and skills affected the process of the dispute resolution of the organisation by causing delays in resolving unfair labour practices in the workplace. The research indicated that there were inconsistencies in the application of procedures regarding resolving disputes relating to unfair labour practices. As such, respondents perceived the grievance procedure as not being effectively used to reduce the number of disputes from escalating to external dispute resolution institutions. Respondents perceived that human resources and labour relations personnel did not apply fairness consistently when dealing with disputes of unfair labour practices. The research study concluded by revealing that the success of the internal dispute resolution mechanism in resolving disputes of unfair labour practices is achieved, and handicapped, by persons who are tasked with the responsibility of dealing and managing labour relations in the workplace.
- Full Text:
- Date Issued: 2019
An emancipatory approach for innovative access to education in farm schools of the Eastern Cape, South Africa
- Authors: Robinson, Craig Grant
- Date: 2019
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/72462 , vital:30055
- Description: Expected release date-April 2020
- Full Text: false
- Date Issued: 2019
- Authors: Robinson, Craig Grant
- Date: 2019
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/72462 , vital:30055
- Description: Expected release date-April 2020
- Full Text: false
- Date Issued: 2019
Cultural clusters as a local economic development strategy in rural, small town areas: the Sarah Baartman District in the Eastern Cape of South Africa
- Authors: Drummond, Fiona Jane
- Date: 2019
- Subjects: Cultural industries -- South Africa -- Eastern Cape , Creative ability -- Economic aspects -- South Africa -- Eastern Cape , Arts -- Economic aspects -- South Africa -- Eastern Cape , Culture -- Economic aspects -- South Africa -- Eastern Cape , Economic development -- South Africa -- Eastern Cape , Economic development projects -- South Africa -- Eastern Cape
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/71568 , vital:29879
- Description: It is increasingly recognized that the cultural and creative industries (CCIs) can play an important role in economic growth and development. Governments around the world, including South Africa, are implementing culture‐led economic growth and development strategies on national and regional scales. CCIs tend to cluster around large cities because of existing hard and soft infrastructure such as networking advantages and access to skilled labour, however, much less is known about the potential of the CCIs to drive rural development. This thesis thus investigates the potential of the CCIs to cluster in small towns and rural areas. Moreover, it examines the relationship between the CCIs and socio‐economic development. The CCIs have been touted as a catalyst for economic growth and development and so have often been used in urban regeneration schemes. The Sarah Baartman District (SBD) of South Africa’s Eastern Cape has identified culture as a potential new economic driver. Establishing a new development path is necessary as the former economic mainstay, agriculture, has declined in the region, creating poverty and unemployment problems. However, the SBD has only small towns which, according to the literature, are not suited to CCI clustering. Despite this, there is evidence of cultural clustering in some of the SBD’s small towns like Nieu Bethesda and Bathurst. This research therefore conducted an audit of the CCIs in the district and used geographic information systems (GIS) to map their locations by UNESCO Framework of Cultural Statistics (FCS) domains in order to determine the extent to which clustering has occurred in a small town setting. The audit identified 1 048 CCIs operating in the district and determined that clustering is possible within some small towns, depending on their demographic, economic, social, geographic and historic characteristics. For small towns where clusters exist or the potential for cluster formation is present, the domains in which the town holds a comparative advantage, based on domain proportions and location quotients, should be pursued for local economic development (LED). In this case, Visual Arts and Crafts and Cultural Heritage were prominent throughout the district while Design and Creative Services and Performance and Celebration had small regional concentrations. Theory suggests that the presence of CCIs is linked to higher levels of economic development as the creative class is more likely to be attracted to more highly developed areas, usually large cities. Furthermore, spillover effects from cultural activity promotes further development under the virtuous cycle. To investigate the relationship between CCI clusters and socio‐economic development, the locational data of municipal level CCI numbers is overlaid with a regional development indicator, a socio‐economic status index, which is based on census data and includes economic and social components. Results show that there is a general positive trend of CCIs locating in larger numbers (clustering) in areas with higher socio‐economic development performances.
- Full Text:
- Date Issued: 2019
- Authors: Drummond, Fiona Jane
- Date: 2019
- Subjects: Cultural industries -- South Africa -- Eastern Cape , Creative ability -- Economic aspects -- South Africa -- Eastern Cape , Arts -- Economic aspects -- South Africa -- Eastern Cape , Culture -- Economic aspects -- South Africa -- Eastern Cape , Economic development -- South Africa -- Eastern Cape , Economic development projects -- South Africa -- Eastern Cape
- Language: English
- Type: text , Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/71568 , vital:29879
- Description: It is increasingly recognized that the cultural and creative industries (CCIs) can play an important role in economic growth and development. Governments around the world, including South Africa, are implementing culture‐led economic growth and development strategies on national and regional scales. CCIs tend to cluster around large cities because of existing hard and soft infrastructure such as networking advantages and access to skilled labour, however, much less is known about the potential of the CCIs to drive rural development. This thesis thus investigates the potential of the CCIs to cluster in small towns and rural areas. Moreover, it examines the relationship between the CCIs and socio‐economic development. The CCIs have been touted as a catalyst for economic growth and development and so have often been used in urban regeneration schemes. The Sarah Baartman District (SBD) of South Africa’s Eastern Cape has identified culture as a potential new economic driver. Establishing a new development path is necessary as the former economic mainstay, agriculture, has declined in the region, creating poverty and unemployment problems. However, the SBD has only small towns which, according to the literature, are not suited to CCI clustering. Despite this, there is evidence of cultural clustering in some of the SBD’s small towns like Nieu Bethesda and Bathurst. This research therefore conducted an audit of the CCIs in the district and used geographic information systems (GIS) to map their locations by UNESCO Framework of Cultural Statistics (FCS) domains in order to determine the extent to which clustering has occurred in a small town setting. The audit identified 1 048 CCIs operating in the district and determined that clustering is possible within some small towns, depending on their demographic, economic, social, geographic and historic characteristics. For small towns where clusters exist or the potential for cluster formation is present, the domains in which the town holds a comparative advantage, based on domain proportions and location quotients, should be pursued for local economic development (LED). In this case, Visual Arts and Crafts and Cultural Heritage were prominent throughout the district while Design and Creative Services and Performance and Celebration had small regional concentrations. Theory suggests that the presence of CCIs is linked to higher levels of economic development as the creative class is more likely to be attracted to more highly developed areas, usually large cities. Furthermore, spillover effects from cultural activity promotes further development under the virtuous cycle. To investigate the relationship between CCI clusters and socio‐economic development, the locational data of municipal level CCI numbers is overlaid with a regional development indicator, a socio‐economic status index, which is based on census data and includes economic and social components. Results show that there is a general positive trend of CCIs locating in larger numbers (clustering) in areas with higher socio‐economic development performances.
- Full Text:
- Date Issued: 2019
Determining the effects of debt-to-GDP ratio on the economic growth of Greece, Italy and South Africa
- Mowoe, Merioboroghene Oreoluwa
- Authors: Mowoe, Merioboroghene Oreoluwa
- Date: 2019
- Subjects: Debts, Public -- Greece , Debts, Public -- Italy Debts, Public -- South Africa Economic development Greece -- Economic conditions Italy -- Economic conditions South Africa -- Economic conditions
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/41942 , vital:36611
- Description: A major challenge that most countries currently face, is to bring their economies out of indebtedness. In this study, the impact of public debt on the economic growth of Greece, Italy, and South Africa, and any similarities between them, was analysed. Two models were adopted for this purpose, the ARDL model and the VEC model. The ARDL was used to conduct a co-integration relationship between public debts, economic growth, with four controlled variables: inflation, government spending, net export, and investment. The results showed a negative co-integrating relationship for all three countries. In addition, the VEC model was adopted to determine whether there was causation between public debt and economic growth in each of the three countries. It was found that a unidirectional causality between public debt and economic growth exists for all three countries. For Greece, a long-run causality was found moving from economic growth to public debt. For Italy, short-run and long-run causalities were found, moving from economic growth to public debt. For South Africa, both a long-run and a short-run causality were found moving from public debt to economic growth. The economic growth and development policies for reducing the public debt of these countries, are recommended in accordance with the findings of the research results.
- Full Text:
- Date Issued: 2019
- Authors: Mowoe, Merioboroghene Oreoluwa
- Date: 2019
- Subjects: Debts, Public -- Greece , Debts, Public -- Italy Debts, Public -- South Africa Economic development Greece -- Economic conditions Italy -- Economic conditions South Africa -- Economic conditions
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/41942 , vital:36611
- Description: A major challenge that most countries currently face, is to bring their economies out of indebtedness. In this study, the impact of public debt on the economic growth of Greece, Italy, and South Africa, and any similarities between them, was analysed. Two models were adopted for this purpose, the ARDL model and the VEC model. The ARDL was used to conduct a co-integration relationship between public debts, economic growth, with four controlled variables: inflation, government spending, net export, and investment. The results showed a negative co-integrating relationship for all three countries. In addition, the VEC model was adopted to determine whether there was causation between public debt and economic growth in each of the three countries. It was found that a unidirectional causality between public debt and economic growth exists for all three countries. For Greece, a long-run causality was found moving from economic growth to public debt. For Italy, short-run and long-run causalities were found, moving from economic growth to public debt. For South Africa, both a long-run and a short-run causality were found moving from public debt to economic growth. The economic growth and development policies for reducing the public debt of these countries, are recommended in accordance with the findings of the research results.
- Full Text:
- Date Issued: 2019
Do FDI and public investment crowd in/out domestic private investment in the SADC region?
- Authors: Ngeendepi, Eslon J
- Date: 2019
- Subjects: Investments, Foreign -- Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/49997 , vital:41968
- Description: This paper attempts to contribute to empirical literature on investment theory by examining whether FDI inflows and government capital expenditure crowd-in/out domestic private investment in 15 SADC member states for the period 1991-2017. In order to realise the study objective, the panel Pool Mean Group (PMG)/ARDL technique was employed in estimating the shot-run and long-run relationship between FDI, government capital expenditure, domestic private investment and a further three more variables (interest rate, GDP growth rate and trade openness.) added to the model to form multivariate framework. Findings from the study show that FDI inflow crowd-in domestic private investment in both the short and long run, while government capital expenditure is found to crowd-out domestic private investment in the long-run and crowd-in domestic private investment in the short-run. The study concludes by providing policy recommendations and suggesting areas for further research.
- Full Text:
- Date Issued: 2019
- Authors: Ngeendepi, Eslon J
- Date: 2019
- Subjects: Investments, Foreign -- Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/49997 , vital:41968
- Description: This paper attempts to contribute to empirical literature on investment theory by examining whether FDI inflows and government capital expenditure crowd-in/out domestic private investment in 15 SADC member states for the period 1991-2017. In order to realise the study objective, the panel Pool Mean Group (PMG)/ARDL technique was employed in estimating the shot-run and long-run relationship between FDI, government capital expenditure, domestic private investment and a further three more variables (interest rate, GDP growth rate and trade openness.) added to the model to form multivariate framework. Findings from the study show that FDI inflow crowd-in domestic private investment in both the short and long run, while government capital expenditure is found to crowd-out domestic private investment in the long-run and crowd-in domestic private investment in the short-run. The study concludes by providing policy recommendations and suggesting areas for further research.
- Full Text:
- Date Issued: 2019
Efficient market hypothesis in South Africa: an analysis using the flexible form unit root test
- Authors: Nomatye, Anelisa
- Date: 2019
- Subjects: Stocks -- Prices -- South Africa , Stock exchanges -- South Africa Stocks -- South Africa Johannesburg Stock Exchange Economic indicators -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/42825 , vital:36697
- Description: An efficient stock market is characterised by prices that are reflective of all the information such that there are no opportunities for arbitrageurs. In an efficient market, it is impossible to beat the market, therefore it follows that stock prices in an efficient market should follow a random walk. This study investigates whether the Johannesburg Stock Exchange (JSE) is an efficient market using the JSE Top 40 listed stocks, thus the relevance of the EMH in the current South African market is analysed. A corerlation analysis is undertaken to find whether the individual stocks in the different sectors are correlated in their returns, or if there are any intersector correlations. This analysis showed that individual sector stocks are mostly correlated, however, the individual sector stocks do not show a relationship with common sectors. The data used is monthly data of the individual stocks from 31 January 1999 to 30 June 2018. The study takes into consideration that the period is post the Asian Contagion and during the dot.com bubble. Also considered is the Global Financial crisis that occurred in 2007/2008. The study period thus allows enough time for market corerction. The study utilises the conventional unit root tests; the augmented Dickey-Fuller (ADF), Phillips- Perron (PP) and the Kwiatkowski–Phillips–Schmidt–Shin (KPSS) tests. Also utilised are modified unit root tests of Elliot, Rothenburg and Stock (ERS) (1996) as well as Ng and Perron (2001). Due to criticisms of the initially utilised unit roots, the nonlinear test of Kapetanois et al. (2003) and the Flexible Fourier form (FFF) is employed. Based on the empirical analysis, the study demonstrates that although the studies received conflicting evidence the FFF demonstrates the most “power” of the tests, thus is deemed to provide more accurate results. This test provided evidence of stationarity in the JSE market, thus implying inefficiency. The results were different for only two of the forty stocks, namely, Shoprite and Bidvest which implied efficiency. The study thus found that the EMH is not relevant to the current South African market and other theories should be considered in analysing the market. This also provides a case for behavioural finance to be analysed, as the assumption that all investors are rational is questioned.
- Full Text:
- Date Issued: 2019
- Authors: Nomatye, Anelisa
- Date: 2019
- Subjects: Stocks -- Prices -- South Africa , Stock exchanges -- South Africa Stocks -- South Africa Johannesburg Stock Exchange Economic indicators -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/42825 , vital:36697
- Description: An efficient stock market is characterised by prices that are reflective of all the information such that there are no opportunities for arbitrageurs. In an efficient market, it is impossible to beat the market, therefore it follows that stock prices in an efficient market should follow a random walk. This study investigates whether the Johannesburg Stock Exchange (JSE) is an efficient market using the JSE Top 40 listed stocks, thus the relevance of the EMH in the current South African market is analysed. A corerlation analysis is undertaken to find whether the individual stocks in the different sectors are correlated in their returns, or if there are any intersector correlations. This analysis showed that individual sector stocks are mostly correlated, however, the individual sector stocks do not show a relationship with common sectors. The data used is monthly data of the individual stocks from 31 January 1999 to 30 June 2018. The study takes into consideration that the period is post the Asian Contagion and during the dot.com bubble. Also considered is the Global Financial crisis that occurred in 2007/2008. The study period thus allows enough time for market corerction. The study utilises the conventional unit root tests; the augmented Dickey-Fuller (ADF), Phillips- Perron (PP) and the Kwiatkowski–Phillips–Schmidt–Shin (KPSS) tests. Also utilised are modified unit root tests of Elliot, Rothenburg and Stock (ERS) (1996) as well as Ng and Perron (2001). Due to criticisms of the initially utilised unit roots, the nonlinear test of Kapetanois et al. (2003) and the Flexible Fourier form (FFF) is employed. Based on the empirical analysis, the study demonstrates that although the studies received conflicting evidence the FFF demonstrates the most “power” of the tests, thus is deemed to provide more accurate results. This test provided evidence of stationarity in the JSE market, thus implying inefficiency. The results were different for only two of the forty stocks, namely, Shoprite and Bidvest which implied efficiency. The study thus found that the EMH is not relevant to the current South African market and other theories should be considered in analysing the market. This also provides a case for behavioural finance to be analysed, as the assumption that all investors are rational is questioned.
- Full Text:
- Date Issued: 2019
Efficient market hypothesis with structural breaks: evidence from BRICS stock markets
- Authors: Guduza, Sinazo
- Date: 2019
- Subjects: Stock exchanges , Investment analysis Developing countries -- Economic conditions
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/42342 , vital:36647
- Description: The study is an examination of weak form market efficiency (EMH) in BRICS equity markets using weekly data spanning from 2005 to 2018. The study makes use linear as well as nonlinear unit rot tests, that is, the ADF and KSS tests respectively. For more robust results, the study uses the Integer Flexible Fourier Function (IFFF) and the Fractional Frequency Flexible Fourier Function (FFFFF) to account for smooth structural breaks. The study investigates the full sample period and splits the empirical data into three sub-samples corresponding to the period succeeding the global financial crisis, the BRICS summits and the BRICS Development Bank (BDB). This study, to the best of our knowledge, is the first to investigate the efficiency in the BRICS stock markets using a combination of the specified series of unit root tests. Moreover, there are no prior studies that have examined these markets for the sub-samples mentioned above. Our empirical results point us to convincing evidence of weak form inefficiency as the majority of the results reject the null hypothesis of a unit root.
- Full Text:
- Date Issued: 2019
- Authors: Guduza, Sinazo
- Date: 2019
- Subjects: Stock exchanges , Investment analysis Developing countries -- Economic conditions
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/42342 , vital:36647
- Description: The study is an examination of weak form market efficiency (EMH) in BRICS equity markets using weekly data spanning from 2005 to 2018. The study makes use linear as well as nonlinear unit rot tests, that is, the ADF and KSS tests respectively. For more robust results, the study uses the Integer Flexible Fourier Function (IFFF) and the Fractional Frequency Flexible Fourier Function (FFFFF) to account for smooth structural breaks. The study investigates the full sample period and splits the empirical data into three sub-samples corresponding to the period succeeding the global financial crisis, the BRICS summits and the BRICS Development Bank (BDB). This study, to the best of our knowledge, is the first to investigate the efficiency in the BRICS stock markets using a combination of the specified series of unit root tests. Moreover, there are no prior studies that have examined these markets for the sub-samples mentioned above. Our empirical results point us to convincing evidence of weak form inefficiency as the majority of the results reject the null hypothesis of a unit root.
- Full Text:
- Date Issued: 2019