Challenges in distribution of old age pensions in Lesotho
- Authors: Sejanamane, Nkhahle Daniel
- Date: 2017
- Subjects: Old age pensions -- Lesotho Aging -- Economic aspects -- Lesotho , Defined contribution pension plans -- Lesotho Retirement income -- Lesotho
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/20477 , vital:29293
- Description: The research set out to explore the nature of challenges in distribution of old age pensions in Lesotho. Poor institutional capacity failed the implementing agency, the Department of Pensions; to set up competent administrative structures to run run the pensions effectively and efficiently. A number of challenges have been identified, some of which were: inadequate supervision of the paying officers, fraud by workers and community agents, missing funds, insufficient resources, inadequate administrative capacity, overworked employees, faulty targeting, soft and discriminatory approach to non-compliance with rules and multiple use of identity documents by recipients. On the other hand, a number of opportunities have been identified to counteract the challenges. The main recommendation of the study was the engagement of mobile phone-based money transfer facilities to transfer the old age pensions from the government to the recipients. The Department of Pensions should make use of baseline database like information from civil registration agency like the Ministry of Home Affairs to confirm the validity of the pension recipients. Other recommendations included moving the division of old age pensions from the Pensions Department to the Ministry of Social Development which is the controlling body for other forms of social grants in Lesotho. The Ministry of Social Development is regarded as well equipped with qualified staff and facilities to deal with vulnerable people like the elderly.
- Full Text:
- Date Issued: 2017
- Authors: Sejanamane, Nkhahle Daniel
- Date: 2017
- Subjects: Old age pensions -- Lesotho Aging -- Economic aspects -- Lesotho , Defined contribution pension plans -- Lesotho Retirement income -- Lesotho
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/20477 , vital:29293
- Description: The research set out to explore the nature of challenges in distribution of old age pensions in Lesotho. Poor institutional capacity failed the implementing agency, the Department of Pensions; to set up competent administrative structures to run run the pensions effectively and efficiently. A number of challenges have been identified, some of which were: inadequate supervision of the paying officers, fraud by workers and community agents, missing funds, insufficient resources, inadequate administrative capacity, overworked employees, faulty targeting, soft and discriminatory approach to non-compliance with rules and multiple use of identity documents by recipients. On the other hand, a number of opportunities have been identified to counteract the challenges. The main recommendation of the study was the engagement of mobile phone-based money transfer facilities to transfer the old age pensions from the government to the recipients. The Department of Pensions should make use of baseline database like information from civil registration agency like the Ministry of Home Affairs to confirm the validity of the pension recipients. Other recommendations included moving the division of old age pensions from the Pensions Department to the Ministry of Social Development which is the controlling body for other forms of social grants in Lesotho. The Ministry of Social Development is regarded as well equipped with qualified staff and facilities to deal with vulnerable people like the elderly.
- Full Text:
- Date Issued: 2017
Credit risk management in development finance institutions and SMME sustainability
- Authors: Derrocks, Velda Charmaine
- Date: 2017
- Subjects: Credit -- Management Business enterprises -- Finance , Small business -- Finance
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/14862 , vital:27884
- Description: Small, Medium and Micro Enterprises (SMMEs) make a significant contribution to the South African Economy. Regardless of size, these businesses have the ability to create employment, make a generous contribution to tax collections, uplift communities and serve as a beacon of hope for those trapped in the cycle of poverty and unemployment. However, SMMEs lack access to much-needed financial resources that are critical for their growth. Development Finance Institutions (DFIs) aim to bridge the gap between the SMME’s financial needs and the development of the respective SMME businesses, by providing funding to entrepreneurs with potentially viable businesses and ideas. Debt funding to these SMMEs are based on sound commercial lending principles that take various non-quantitative variables into account. The sustainability of SMMEs is a primary concern to all participants in the economy, as it is known that SMME failure rates are high Therefore, the primary objective of this study was to investigate the impact that the credit risk management practices of DFIs have on the sustainability of SMMEs, by examining a case study of a typical DFI. An electronic questionnaire survey was considered as an appropriate measurement method for this study. The targeted population of the study included SMMEs in the Eastern Cape that are Trust for Urban Housing (TUHF) clients and 23 SMMEs were identified as part of the study sampling frame. A total number of 14 questionnaires were returned out of the 23 targeted SMMEs - giving a response rate of 61%. The quantitative data was processed using the STATISTICA program, leading to appropriate descriptive statistical analyses. In order to better understand the impact of credit risk management practices on the sustainability of SMMEs, a hypothesis was formulated and linear regression analysis was used to establish the statistical significance of certain credit risk principles and sustainability characteristics. The results of the empirical study revealed that credit risk management practises do impact on the sustainability of SMMEs. Further, by testing the hypothesis, it was also revealed that certain sustainability variables are regarded as more important than others.
- Full Text:
- Date Issued: 2017
- Authors: Derrocks, Velda Charmaine
- Date: 2017
- Subjects: Credit -- Management Business enterprises -- Finance , Small business -- Finance
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/14862 , vital:27884
- Description: Small, Medium and Micro Enterprises (SMMEs) make a significant contribution to the South African Economy. Regardless of size, these businesses have the ability to create employment, make a generous contribution to tax collections, uplift communities and serve as a beacon of hope for those trapped in the cycle of poverty and unemployment. However, SMMEs lack access to much-needed financial resources that are critical for their growth. Development Finance Institutions (DFIs) aim to bridge the gap between the SMME’s financial needs and the development of the respective SMME businesses, by providing funding to entrepreneurs with potentially viable businesses and ideas. Debt funding to these SMMEs are based on sound commercial lending principles that take various non-quantitative variables into account. The sustainability of SMMEs is a primary concern to all participants in the economy, as it is known that SMME failure rates are high Therefore, the primary objective of this study was to investigate the impact that the credit risk management practices of DFIs have on the sustainability of SMMEs, by examining a case study of a typical DFI. An electronic questionnaire survey was considered as an appropriate measurement method for this study. The targeted population of the study included SMMEs in the Eastern Cape that are Trust for Urban Housing (TUHF) clients and 23 SMMEs were identified as part of the study sampling frame. A total number of 14 questionnaires were returned out of the 23 targeted SMMEs - giving a response rate of 61%. The quantitative data was processed using the STATISTICA program, leading to appropriate descriptive statistical analyses. In order to better understand the impact of credit risk management practices on the sustainability of SMMEs, a hypothesis was formulated and linear regression analysis was used to establish the statistical significance of certain credit risk principles and sustainability characteristics. The results of the empirical study revealed that credit risk management practises do impact on the sustainability of SMMEs. Further, by testing the hypothesis, it was also revealed that certain sustainability variables are regarded as more important than others.
- Full Text:
- Date Issued: 2017
Economic development in the Eastern Cape: a case study of agricultural projects
- Authors: Dyalo, Nolutho
- Date: 2017
- Subjects: Agricultural development projects -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/15589 , vital:28274
- Description: This study seeks to evaluate economic development in the Eastern Cape Province, with a special focus on the agricultural sector. It focuses on the role that Development Finance Institutions (DFIs) play in stimulating economic development. To achieve this, the Eastern Cape Development Corporation (ECDC) was considered as a case study in assessing DFI’s support to the agricultural sector in the province. The study will also look into the corporation’s adherence to the Provincial Growth and Development Plan (PGDP) and its strategic programmes. The study examines how the agricultural initiatives financed by ECDC contribute to economic development in the province. It will also assess whether those agricultural projects may impact the local communities through poverty alleviation. In order to address the research problem and to achieve the research objectives, available literature and empirical work related to the relationship between financial system development and economic development was reviewed. The research revealed that the role played by the ECDC with regard to Agricultural Projects has not been entirely effective to add value to economic development in the province, mainly caused by the lack of non – financial support by skilled people from the corporation, after limited funding was made available. From the investigation, the findings indicate that the effective mplementation of these projects require strengthened capacity, which requires more skilled officials from the corporation to assist the agricultural enterprises in managing the projects; and more funding that will assist the projects to reach sustainability.
- Full Text:
- Date Issued: 2017
- Authors: Dyalo, Nolutho
- Date: 2017
- Subjects: Agricultural development projects -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/15589 , vital:28274
- Description: This study seeks to evaluate economic development in the Eastern Cape Province, with a special focus on the agricultural sector. It focuses on the role that Development Finance Institutions (DFIs) play in stimulating economic development. To achieve this, the Eastern Cape Development Corporation (ECDC) was considered as a case study in assessing DFI’s support to the agricultural sector in the province. The study will also look into the corporation’s adherence to the Provincial Growth and Development Plan (PGDP) and its strategic programmes. The study examines how the agricultural initiatives financed by ECDC contribute to economic development in the province. It will also assess whether those agricultural projects may impact the local communities through poverty alleviation. In order to address the research problem and to achieve the research objectives, available literature and empirical work related to the relationship between financial system development and economic development was reviewed. The research revealed that the role played by the ECDC with regard to Agricultural Projects has not been entirely effective to add value to economic development in the province, mainly caused by the lack of non – financial support by skilled people from the corporation, after limited funding was made available. From the investigation, the findings indicate that the effective mplementation of these projects require strengthened capacity, which requires more skilled officials from the corporation to assist the agricultural enterprises in managing the projects; and more funding that will assist the projects to reach sustainability.
- Full Text:
- Date Issued: 2017
Exploring HIV and AIDS workplace programmes in the tourism industry of Nelson Mandela Bay
- Authors: Mahlangeni, Iviwe
- Date: 2017
- Subjects: AIDS (Disease) -- Prevention and control -- South Africa , HIV infections -- Prevention and control -- South Africa , Tourism -- South Africa -- Nelson Mandela Bay , Health Programmes
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/9197 , vital:26473
- Description: The aim of this study was to explore and describe HIV and AIDS workplace programmes and policies (WPPs) in the tourism industry of Nelson Mandela Bay Municipality (NMBM) in South Africa. This study adopted a quantitative and qualitative approach, in other words, a mixed approach. The reason for using more than one method of inquiry was to obtain a deeper understanding of the tourism industry of NMBM in terms of examined behaviour, and of the meaning of occurrences in the industry. To gather qualitative data concerning HIV and AIDS programmes, key informant stakeholders in the tourism industry at global, national, provincial, and local levels were identified to conduct in-depth interviews. These respondents were selected using the non-probability sampling method of quota sampling. This is a type of stratified sampling in which the selection of the strata within the sample is not random, but rather is typically left to the discretion of the interviewer (Wienclaw, 2015). One respondent for each level of the industry was selected, resulting in four key informant stakeholders participating in the qualitative research component of this study. The initial criterion for participation in the quantitative portion for this study was that tourism businesses based in NMBM must be able to produce robust evidence of HIV and AIDS WPPs. The researcher selected the probability sampling method of stratified random sampling with proportional allocation. This technique considers the known characteristics of the population (Wienclaw, 2015). A database of tourism businesses was obtained from the local tourism organisation, who are members of the governing body for local tourism. This database was cleaned, to eliminate any data that did not meet the participation criterion for the study. Ten per cent of the total number of businesses in the cleaned database were sampled. The simplest approach to sampling is to merely randomly select from the population by, for example, having a computer choose names at random from a list, or by selecting names from a hat (Wienclaw, 2015). Therefore, every fifth business listed on the sampled database was selected to participate. Unfortunately, surveys tend to have notoriously low return rates, and people are frequently reluctant to give out information over the phone. This was also the case for most of the tourism businesses in the sample. When emailed or telephoned, they refused to participate for various reasons. Some stated that HIV does not affect their business; others reported that their businesses were too small and therefore they could not afford to implement these programmes. Some businesses were hearing about the WPP for the very first time, while several others responded with simple disinterest in participating. The findings of the study are that although tourism is viewed as an important industry that contributes to the economy, tourism businesses do not include any intervention programmes with which to respond to the threat of HIV and AIDS to their businesses. Additionally, there is neither leadership nor support from any level of the tourism industry, to create a conducive environment for the adoption of HIV and AIDS WPPs by tourism businesses. The primary reason for the lack of uptake of these programmes is ignorance across cascading levels of the tourism industry, which includes tourism businesses. Additionally, a number of perceived barriers, such as size of business, are cited as the reasons why tourism workplaces in the NMBM fail to participate in HIV and AIDS WPPs. It is anticipated that this study will create further awareness of HIV and AIDS WPPs, in an industry that seems to have limited knowledge about such programmes. This study will also provide guidance regarding the requirements to implement effective HIV and AIDS WPPs.
- Full Text:
- Date Issued: 2017
- Authors: Mahlangeni, Iviwe
- Date: 2017
- Subjects: AIDS (Disease) -- Prevention and control -- South Africa , HIV infections -- Prevention and control -- South Africa , Tourism -- South Africa -- Nelson Mandela Bay , Health Programmes
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/9197 , vital:26473
- Description: The aim of this study was to explore and describe HIV and AIDS workplace programmes and policies (WPPs) in the tourism industry of Nelson Mandela Bay Municipality (NMBM) in South Africa. This study adopted a quantitative and qualitative approach, in other words, a mixed approach. The reason for using more than one method of inquiry was to obtain a deeper understanding of the tourism industry of NMBM in terms of examined behaviour, and of the meaning of occurrences in the industry. To gather qualitative data concerning HIV and AIDS programmes, key informant stakeholders in the tourism industry at global, national, provincial, and local levels were identified to conduct in-depth interviews. These respondents were selected using the non-probability sampling method of quota sampling. This is a type of stratified sampling in which the selection of the strata within the sample is not random, but rather is typically left to the discretion of the interviewer (Wienclaw, 2015). One respondent for each level of the industry was selected, resulting in four key informant stakeholders participating in the qualitative research component of this study. The initial criterion for participation in the quantitative portion for this study was that tourism businesses based in NMBM must be able to produce robust evidence of HIV and AIDS WPPs. The researcher selected the probability sampling method of stratified random sampling with proportional allocation. This technique considers the known characteristics of the population (Wienclaw, 2015). A database of tourism businesses was obtained from the local tourism organisation, who are members of the governing body for local tourism. This database was cleaned, to eliminate any data that did not meet the participation criterion for the study. Ten per cent of the total number of businesses in the cleaned database were sampled. The simplest approach to sampling is to merely randomly select from the population by, for example, having a computer choose names at random from a list, or by selecting names from a hat (Wienclaw, 2015). Therefore, every fifth business listed on the sampled database was selected to participate. Unfortunately, surveys tend to have notoriously low return rates, and people are frequently reluctant to give out information over the phone. This was also the case for most of the tourism businesses in the sample. When emailed or telephoned, they refused to participate for various reasons. Some stated that HIV does not affect their business; others reported that their businesses were too small and therefore they could not afford to implement these programmes. Some businesses were hearing about the WPP for the very first time, while several others responded with simple disinterest in participating. The findings of the study are that although tourism is viewed as an important industry that contributes to the economy, tourism businesses do not include any intervention programmes with which to respond to the threat of HIV and AIDS to their businesses. Additionally, there is neither leadership nor support from any level of the tourism industry, to create a conducive environment for the adoption of HIV and AIDS WPPs by tourism businesses. The primary reason for the lack of uptake of these programmes is ignorance across cascading levels of the tourism industry, which includes tourism businesses. Additionally, a number of perceived barriers, such as size of business, are cited as the reasons why tourism workplaces in the NMBM fail to participate in HIV and AIDS WPPs. It is anticipated that this study will create further awareness of HIV and AIDS WPPs, in an industry that seems to have limited knowledge about such programmes. This study will also provide guidance regarding the requirements to implement effective HIV and AIDS WPPs.
- Full Text:
- Date Issued: 2017
Financial sustainability mechanisms for local NGOs in the Gauteng province, South Africa
- Authors: Manzere, Bogadi Patricia
- Date: 2017
- Subjects: Non-governmental organizations -- South Africa -- Gauteng -- Finance Nonprofit organizations -- South Africa -- Gauteng -- Finance , Nonprofit organizations -- South Africa -- Gauteng -- Management Finance, Public -- South Africa -- Gauteng
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/18562 , vital:28682
- Description: The role of NGOs has been widely recognised in eradicating poverty and creating sustainable development in communities. Governments and private corporations view them as complementary partners in enhancing the livelihoods of people. In order to survive, NGOs need to be financially sustainable to carry out their missions. Their existence is, however, threatened by the current economic and political climate. In South Africa, the recent global economic recession and the country’s recovery from the apartheid system since 1994 have both had a negative impact in funding financial flow to NGOs. Compounded by the growing demand for new NGOs, evidence shows that there is fierce competition between NGOs for the same funding and, since NGOs by nature do not produce commercial outputs, they are limited to pursue funding opportunities made available through donations. This study explored the issues of financial sustainability within local NGOs in the Gauteng Province. The aim was to build mechanisms that could be put in place to monitor organisational financial sustainability over time. The study used a qualitative methodology and the researcher adopted an exploratory design to gain insight and meaning into the issues faced by NGOs. A sample of ten members from local NGOs in the Gauteng Province was identified and data was collected through key informant interviews and questionnaires. The study found that the majority of NGOs face difficulties in achieving financial sustainability over the long-term. The results indicated that funding in the sector is shrinking, with very few NGOs surviving through endowments. Their major challenges in raising funds are due to area limitations, competition within the sector, lack of skills, staff shortage and visibility. They optimise available opportunities but also acknowledge that they are not implementing other fundraising strategies that could be effective in raising funds. Evidence also showed that these NGOs are meeting the requirements of good financial management practices, which could improve their likelihood to achieve financial sustainability. The research recommends that NGOs need to be empowered to negotiate restrictions under the grants, raise endowments through income-generating activities, manage stakeholder relationships and cost any future funding prospects for key decision making that is likely to have an impact on the structure and the strategic direction of an organisation.
- Full Text:
- Date Issued: 2017
- Authors: Manzere, Bogadi Patricia
- Date: 2017
- Subjects: Non-governmental organizations -- South Africa -- Gauteng -- Finance Nonprofit organizations -- South Africa -- Gauteng -- Finance , Nonprofit organizations -- South Africa -- Gauteng -- Management Finance, Public -- South Africa -- Gauteng
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/18562 , vital:28682
- Description: The role of NGOs has been widely recognised in eradicating poverty and creating sustainable development in communities. Governments and private corporations view them as complementary partners in enhancing the livelihoods of people. In order to survive, NGOs need to be financially sustainable to carry out their missions. Their existence is, however, threatened by the current economic and political climate. In South Africa, the recent global economic recession and the country’s recovery from the apartheid system since 1994 have both had a negative impact in funding financial flow to NGOs. Compounded by the growing demand for new NGOs, evidence shows that there is fierce competition between NGOs for the same funding and, since NGOs by nature do not produce commercial outputs, they are limited to pursue funding opportunities made available through donations. This study explored the issues of financial sustainability within local NGOs in the Gauteng Province. The aim was to build mechanisms that could be put in place to monitor organisational financial sustainability over time. The study used a qualitative methodology and the researcher adopted an exploratory design to gain insight and meaning into the issues faced by NGOs. A sample of ten members from local NGOs in the Gauteng Province was identified and data was collected through key informant interviews and questionnaires. The study found that the majority of NGOs face difficulties in achieving financial sustainability over the long-term. The results indicated that funding in the sector is shrinking, with very few NGOs surviving through endowments. Their major challenges in raising funds are due to area limitations, competition within the sector, lack of skills, staff shortage and visibility. They optimise available opportunities but also acknowledge that they are not implementing other fundraising strategies that could be effective in raising funds. Evidence also showed that these NGOs are meeting the requirements of good financial management practices, which could improve their likelihood to achieve financial sustainability. The research recommends that NGOs need to be empowered to negotiate restrictions under the grants, raise endowments through income-generating activities, manage stakeholder relationships and cost any future funding prospects for key decision making that is likely to have an impact on the structure and the strategic direction of an organisation.
- Full Text:
- Date Issued: 2017
Fiscal, deficit, inflation, money supply and exchange rate in South Africa
- Authors: Tala, Lavisa
- Date: 2017
- Subjects: nflation (Finance) -- South Africa Foreign exchange rates -- South Africa , Money supply -- South Africa
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/23261 , vital:30502
- Description: This study empirically investigates the relationship between fiscal deficit, inflation, M3 money supply and the exchange rate in South Africa. The study makes use of quarterly macroeconomic time-series data sets comprising 84 observations, covering the period from 1994Q1 to 2015Q4. The unit root tests conducted employed the Augmented Dickey Fuller (ADF) and Phillips-Perron (PP) tests. The results reveal that the variables become stationary at first difference. The Johansen co-integration technique suggests that there is at least one co-integrating equation among the variables. The results of the Engle-Granger approach, which is residual based, show that the residuals are stationary, thus validating the existence of a long-run relationship between the model variables. The study carried out a Granger causality test. The results indicate that there is a strong Granger causal relationship between the variables (IF) and (FD). Another strong causal relationship emerges between inflation and money supply. The ECM model was employed to identify the speed of adjustment as a response to the departures from the long-run equilibrium path. The estimated coefficient of the ECM error term has the required sign and is statistically significant at the five per cent level of significance. The error term indicates a quick convergence to equilibrium. The study concludes that the dependent variable (FD) is jointly caused by all the independent variables in the long-run. The results of the variance decomposition of the variable (FD) to innovations resulting from IF, MS and RER indicate that own shocks remain the dominant source of total fluctuations in the forecast error of the variables. The findings of the study are efficient and reliable as the estimated model passed all the major diagnostic tests. By implication the findings suggest that the estimated model show high goodness of fit and is thus reliable for policy making. The study recommends a fiscal adjustment that will enhance economic growth. Additionally, a fiscal policy that will aim at identifying and mitigating other possible leakages that narrow the tax base should be considered.
- Full Text:
- Date Issued: 2017
- Authors: Tala, Lavisa
- Date: 2017
- Subjects: nflation (Finance) -- South Africa Foreign exchange rates -- South Africa , Money supply -- South Africa
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/23261 , vital:30502
- Description: This study empirically investigates the relationship between fiscal deficit, inflation, M3 money supply and the exchange rate in South Africa. The study makes use of quarterly macroeconomic time-series data sets comprising 84 observations, covering the period from 1994Q1 to 2015Q4. The unit root tests conducted employed the Augmented Dickey Fuller (ADF) and Phillips-Perron (PP) tests. The results reveal that the variables become stationary at first difference. The Johansen co-integration technique suggests that there is at least one co-integrating equation among the variables. The results of the Engle-Granger approach, which is residual based, show that the residuals are stationary, thus validating the existence of a long-run relationship between the model variables. The study carried out a Granger causality test. The results indicate that there is a strong Granger causal relationship between the variables (IF) and (FD). Another strong causal relationship emerges between inflation and money supply. The ECM model was employed to identify the speed of adjustment as a response to the departures from the long-run equilibrium path. The estimated coefficient of the ECM error term has the required sign and is statistically significant at the five per cent level of significance. The error term indicates a quick convergence to equilibrium. The study concludes that the dependent variable (FD) is jointly caused by all the independent variables in the long-run. The results of the variance decomposition of the variable (FD) to innovations resulting from IF, MS and RER indicate that own shocks remain the dominant source of total fluctuations in the forecast error of the variables. The findings of the study are efficient and reliable as the estimated model passed all the major diagnostic tests. By implication the findings suggest that the estimated model show high goodness of fit and is thus reliable for policy making. The study recommends a fiscal adjustment that will enhance economic growth. Additionally, a fiscal policy that will aim at identifying and mitigating other possible leakages that narrow the tax base should be considered.
- Full Text:
- Date Issued: 2017
Funding and governance of cooperatives: a case study of Magwa and Majola tea estates in the Eastern Cape Province
- Authors: Velani, Chuma
- Date: 2017
- Subjects: Cooperative societies -- Finance -- Law and legislation -- South Africa -- Eastern Cape Sustainable development -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/14411 , vital:27585
- Description: The purpose of this research study is to assess the funding and governance models utilised in the operations of cooperatives, with specific reference to Magwa and Majola Tea Estates in the Eastern Cape. Luyt (2008) observes that poverty levels in South Africa remain high, and have not been greatly reduced since 1994. There is general agreement amongst Eastern Cape communities that more than two decades after apartheid has ended, nearly half of South Africa’s population continue to live in poverty. A common understanding, is that cooperatives are geared and established to address poverty, address both social and economic development, even though they also emphasise a social focus, they are expected to be operated on sound business principles.
- Full Text:
- Date Issued: 2017
- Authors: Velani, Chuma
- Date: 2017
- Subjects: Cooperative societies -- Finance -- Law and legislation -- South Africa -- Eastern Cape Sustainable development -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/14411 , vital:27585
- Description: The purpose of this research study is to assess the funding and governance models utilised in the operations of cooperatives, with specific reference to Magwa and Majola Tea Estates in the Eastern Cape. Luyt (2008) observes that poverty levels in South Africa remain high, and have not been greatly reduced since 1994. There is general agreement amongst Eastern Cape communities that more than two decades after apartheid has ended, nearly half of South Africa’s population continue to live in poverty. A common understanding, is that cooperatives are geared and established to address poverty, address both social and economic development, even though they also emphasise a social focus, they are expected to be operated on sound business principles.
- Full Text:
- Date Issued: 2017
Official development assistance as a means to poverty alleviation: evidence from Cameroon
- Authors: Anong, Moussa Moses
- Date: 2017
- Subjects: Economic development -- Cameroon , Community development -- Cameroon Cameroon -- Economic aspects
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/13800 , vital:27309
- Description: Despite the increased popularity of development aid flows from rich nations to poorer ones in the form of Official Development Assistance (ODA), rampant poverty still prevails in the recipient nations. This perhaps explains the lingering debate on the effectiveness of ODA in curbing poverty. Based on Cameroon, this study aims to ascertain if ODA can be relied upon as a tool to fight poverty. The researcher seeks to determine if ODA disbursed to Cameroon has resulted in poverty alleviation among the impoverished from 1980 to 2014, be it directly or indirectly. To this effect, the first research question looks at what the possible causes of poverty in Cameroon are. The second research question dwells on the pattern of ODA to Cameroon over the study period from 1980 to 2014. The final research question seeks to determine the Cameroonian poverty levels over the same period. The definition of poverty in terms of the Human Development Index (HDI) and its three poverty determinants as utilized by the United Nations Development Programme (UNDP), is adopted as a theoretical base for this research. These determinants of poverty are life expectancy at birth, mean years of schooling, and Gross National Income (GNI) per capita. While the literature review is utilised to outline the on-going debate on the effects of ODA on economic growth and poverty alleviation, it equally provides possible causes of poverty in Cameroon. These include the prevalence of factors such as poor governance, the swindling of public funds without fear, the normalisation of bribes in return for public services, the lack of decentralized administrative and civil services, and the disproportionate distribution of state earnings. Meanwhile, secondary published data sourced from reputable multilateral bodies is used to determine the trend of ODA to Cameroon over the period from 1980 to 2014. This is then correlated with poverty figures over the same period as expressed by the three human development factors or poverty determinants. The research adopts a quantitative approach as correlations and regressions of obtained secondary data are made used of. The results of the correlations reveal that ODA may not be relied upon as a tool for alleviating poverty in Cameroon due to the statistically insignificant relationships it seems to display with all three poverty determinants. The regression results show on the one hand that ODA has insignificant relationships with life expectancy at birth and mean years of schooling, while on the other hand, ODA and GNI per capita display an inverse relationship that is judged to be statistically significant. High ODA figures can therefore be associated with lower GNI per capita values in Cameroon, based on this study. This means that ODA can be assumed to negatively affect the real income of Cameroonians. A reduction in real income might equally lead to a reduced potential to afford basic necessities like healthcare, schooling and housing. As these essentials are not provided for free in Cameroon, this reduced real income may further be held responsible for an overall deterioration of the quality of life. Based on the above findings, the researcher recommends that aid recipient governments put in place supportive systems and strong institutions that are void of corruption and unnecessary bureaucracy so as to better benefit from foreign aid inflows. African countries like Cameroon also need to develop their internal resources and use them to finance and promote their own growth instead of rely on donor funding with diminishing returns. Likewise, the government needs to improve its level of human development through diverting more funds towards developing and facilitating the poor’s access to the country’s education, healthcare, road network and basic amenities like water and sanitation. Finally, inflows in the form of loans rather than grants can better be utilized to promote positive economic growth. While loans are mostly diverted to productive activities, grants may promote dependency, rent-seeking behaviour and bureaucracy. This study is one of the few that relies on country-level data. Most existing studies on foreign aid and its related effects on poverty alleviation were conducted using cross-country data.
- Full Text:
- Date Issued: 2017
- Authors: Anong, Moussa Moses
- Date: 2017
- Subjects: Economic development -- Cameroon , Community development -- Cameroon Cameroon -- Economic aspects
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/13800 , vital:27309
- Description: Despite the increased popularity of development aid flows from rich nations to poorer ones in the form of Official Development Assistance (ODA), rampant poverty still prevails in the recipient nations. This perhaps explains the lingering debate on the effectiveness of ODA in curbing poverty. Based on Cameroon, this study aims to ascertain if ODA can be relied upon as a tool to fight poverty. The researcher seeks to determine if ODA disbursed to Cameroon has resulted in poverty alleviation among the impoverished from 1980 to 2014, be it directly or indirectly. To this effect, the first research question looks at what the possible causes of poverty in Cameroon are. The second research question dwells on the pattern of ODA to Cameroon over the study period from 1980 to 2014. The final research question seeks to determine the Cameroonian poverty levels over the same period. The definition of poverty in terms of the Human Development Index (HDI) and its three poverty determinants as utilized by the United Nations Development Programme (UNDP), is adopted as a theoretical base for this research. These determinants of poverty are life expectancy at birth, mean years of schooling, and Gross National Income (GNI) per capita. While the literature review is utilised to outline the on-going debate on the effects of ODA on economic growth and poverty alleviation, it equally provides possible causes of poverty in Cameroon. These include the prevalence of factors such as poor governance, the swindling of public funds without fear, the normalisation of bribes in return for public services, the lack of decentralized administrative and civil services, and the disproportionate distribution of state earnings. Meanwhile, secondary published data sourced from reputable multilateral bodies is used to determine the trend of ODA to Cameroon over the period from 1980 to 2014. This is then correlated with poverty figures over the same period as expressed by the three human development factors or poverty determinants. The research adopts a quantitative approach as correlations and regressions of obtained secondary data are made used of. The results of the correlations reveal that ODA may not be relied upon as a tool for alleviating poverty in Cameroon due to the statistically insignificant relationships it seems to display with all three poverty determinants. The regression results show on the one hand that ODA has insignificant relationships with life expectancy at birth and mean years of schooling, while on the other hand, ODA and GNI per capita display an inverse relationship that is judged to be statistically significant. High ODA figures can therefore be associated with lower GNI per capita values in Cameroon, based on this study. This means that ODA can be assumed to negatively affect the real income of Cameroonians. A reduction in real income might equally lead to a reduced potential to afford basic necessities like healthcare, schooling and housing. As these essentials are not provided for free in Cameroon, this reduced real income may further be held responsible for an overall deterioration of the quality of life. Based on the above findings, the researcher recommends that aid recipient governments put in place supportive systems and strong institutions that are void of corruption and unnecessary bureaucracy so as to better benefit from foreign aid inflows. African countries like Cameroon also need to develop their internal resources and use them to finance and promote their own growth instead of rely on donor funding with diminishing returns. Likewise, the government needs to improve its level of human development through diverting more funds towards developing and facilitating the poor’s access to the country’s education, healthcare, road network and basic amenities like water and sanitation. Finally, inflows in the form of loans rather than grants can better be utilized to promote positive economic growth. While loans are mostly diverted to productive activities, grants may promote dependency, rent-seeking behaviour and bureaucracy. This study is one of the few that relies on country-level data. Most existing studies on foreign aid and its related effects on poverty alleviation were conducted using cross-country data.
- Full Text:
- Date Issued: 2017
Satisfaction levels of visitors at the Tsitsikamma National Park
- Authors: Maluwa, Lutendo Obed
- Date: 2017
- Subjects: Tourism -- Research -- South Africa Consumer behavior -- South Africa , Customer relations -- South Africa National parks and reserves -- South Africa
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/18058 , vital:28569
- Description: The literature reviews on tourist satisfaction revealed that a satisfied tourist leads to positive word of mouth recommendation to friends and family, loyalty (return visits), competitive advantage and long-term profitability and sustainability. These favourable benefits resulting from satisfaction are necessary for any destination to survive in the competitive tourism industry. South African National Parks (SANParks) manages all 21 national parks in South Africa, with the TNP being the third in terms of visitor numbers and income generated from tourism products. Data captured from visitors to the TNP was used to achieve the goal and objective of this study. This goal was achieved by conducting a questionnaire survey at Storm’s River rest camp within the TNP from 01 May to 31 July 2015. A total of 120 questionnaires were completed and included in further analysis. The aim of this research was to determine the relationship between satisfaction, service and travel motivations of the visitors to the TNP. The statistical test was used to determine whether or not visitors’ expectations were met. This was also used to determine the relationship between travel behaviour, travel motives, and service satisfaction of the visitors to the TNP. Park management can use these results as tools to ensure that the product offered guarantees visitors’ satisfaction and therefore contributes to long-term park sustainability. Therefore, park management is able to obtain the ideal tourist experience by not only focusing on the travel motives but also on the quality of service delivered at the park. The results showed that park management needs to become aware of what the visitor sees as important factors for a memorable visitor experience and they can adapt certain aspects to improve the visitor’s experience. Park management can therefore improve their services and products as well as the quality thereof by knowing what the tourists see as important when visiting a national park to obtain a memorable experience, which will lead to positive word of mouth sharing, loyalty, increased revenue and sustainability of the TNP.
- Full Text:
- Date Issued: 2017
- Authors: Maluwa, Lutendo Obed
- Date: 2017
- Subjects: Tourism -- Research -- South Africa Consumer behavior -- South Africa , Customer relations -- South Africa National parks and reserves -- South Africa
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/18058 , vital:28569
- Description: The literature reviews on tourist satisfaction revealed that a satisfied tourist leads to positive word of mouth recommendation to friends and family, loyalty (return visits), competitive advantage and long-term profitability and sustainability. These favourable benefits resulting from satisfaction are necessary for any destination to survive in the competitive tourism industry. South African National Parks (SANParks) manages all 21 national parks in South Africa, with the TNP being the third in terms of visitor numbers and income generated from tourism products. Data captured from visitors to the TNP was used to achieve the goal and objective of this study. This goal was achieved by conducting a questionnaire survey at Storm’s River rest camp within the TNP from 01 May to 31 July 2015. A total of 120 questionnaires were completed and included in further analysis. The aim of this research was to determine the relationship between satisfaction, service and travel motivations of the visitors to the TNP. The statistical test was used to determine whether or not visitors’ expectations were met. This was also used to determine the relationship between travel behaviour, travel motives, and service satisfaction of the visitors to the TNP. Park management can use these results as tools to ensure that the product offered guarantees visitors’ satisfaction and therefore contributes to long-term park sustainability. Therefore, park management is able to obtain the ideal tourist experience by not only focusing on the travel motives but also on the quality of service delivered at the park. The results showed that park management needs to become aware of what the visitor sees as important factors for a memorable visitor experience and they can adapt certain aspects to improve the visitor’s experience. Park management can therefore improve their services and products as well as the quality thereof by knowing what the tourists see as important when visiting a national park to obtain a memorable experience, which will lead to positive word of mouth sharing, loyalty, increased revenue and sustainability of the TNP.
- Full Text:
- Date Issued: 2017
The economic impact of special economic zones: the case of Zimbabwe
- Authors: Murota, Richard
- Date: 2017
- Subjects: Economic zoning -- Zimbabwe , Export processing zones -- Zimbabwe Zimbabwe -- Economic conditions
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/19354 , vital:28857
- Description: his study seeks to establish the impact of SEZs in Zimbabwe. Precisely, the study intends to establish whether the creation of economic zones resulted in increase in exports and attracting foreign direct investment. The study used times series data covering the period from 1995 to 2010. Using a conceptual framework adopted from Wang (2009), regression analysis of data using tax as the indicator of incentives was carried out. Firstly, data was transformed into natural logarithms for removal of data asymmetries given the wide variations of some of the variables. The data were subjected to ADF and PP tests for stationarity. The result showed that variables closely follow the normal distribution, a condition necessary for econometric modelling of time series data. The Johansen test was used to check for co-integration and validated that variables were not co-integrated. Analysis of the data revealed that tax incentives had an insignificant impact on both exports and FDIs in Zimbabwe, implying that SEZs did not have any positive effect on exports or FDI. The impulse response and variation decomposition tests were carried out to check responses of exports and FDI to shocks in taxes showed insignificant responses. The empirical results validated that there was no significant relationship between incentives and exports. This means that exports did not increase as expected. Based on these research findings, it can be concluded that special economic zones in Zimbabwe do not have an impact on exports. Regarding FDIs, the empirical results validated that the tax incentives placed on the scheme had an insignificant relationship with FDI inflows. This means that FDI inflows did not increase because of the introduction of the EPZ scheme. Similarly, based on these research findings, it can be concluded that special economic zones’ incentives do not support significant inflows of FDI into Zimbabwe. As Zimbabwe is re-introducing the SEZ scheme it is recommended that the country should enact investor friendly laws, reduce bureaucracy, create an enabling economic environment and exploit its comparative advantages if it is to optimize on the initiative.
- Full Text:
- Date Issued: 2017
- Authors: Murota, Richard
- Date: 2017
- Subjects: Economic zoning -- Zimbabwe , Export processing zones -- Zimbabwe Zimbabwe -- Economic conditions
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/19354 , vital:28857
- Description: his study seeks to establish the impact of SEZs in Zimbabwe. Precisely, the study intends to establish whether the creation of economic zones resulted in increase in exports and attracting foreign direct investment. The study used times series data covering the period from 1995 to 2010. Using a conceptual framework adopted from Wang (2009), regression analysis of data using tax as the indicator of incentives was carried out. Firstly, data was transformed into natural logarithms for removal of data asymmetries given the wide variations of some of the variables. The data were subjected to ADF and PP tests for stationarity. The result showed that variables closely follow the normal distribution, a condition necessary for econometric modelling of time series data. The Johansen test was used to check for co-integration and validated that variables were not co-integrated. Analysis of the data revealed that tax incentives had an insignificant impact on both exports and FDIs in Zimbabwe, implying that SEZs did not have any positive effect on exports or FDI. The impulse response and variation decomposition tests were carried out to check responses of exports and FDI to shocks in taxes showed insignificant responses. The empirical results validated that there was no significant relationship between incentives and exports. This means that exports did not increase as expected. Based on these research findings, it can be concluded that special economic zones in Zimbabwe do not have an impact on exports. Regarding FDIs, the empirical results validated that the tax incentives placed on the scheme had an insignificant relationship with FDI inflows. This means that FDI inflows did not increase because of the introduction of the EPZ scheme. Similarly, based on these research findings, it can be concluded that special economic zones’ incentives do not support significant inflows of FDI into Zimbabwe. As Zimbabwe is re-introducing the SEZ scheme it is recommended that the country should enact investor friendly laws, reduce bureaucracy, create an enabling economic environment and exploit its comparative advantages if it is to optimize on the initiative.
- Full Text:
- Date Issued: 2017
The influence of microfinance institutions on small, medium and micro-enterprises in South Africa
- Authors: Baloyi, Norman Tinyiko
- Date: 2017
- Subjects: Microfinance -- South Africa Small business -- South Africa
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/17459 , vital:28342
- Description: South Africa, with its establishment of the National Department of Small Business Development, in 2014, made its intentions known for wanting to create a conducive environment by developing and supporting small businesses and cooperatives through financial and non-financial provisions. Nevertheless, there is still a high failure rate of Small, Medium and Micro-sized Enterprises (SMMEs), many of them failing on their first year due to various challenges and circumstances, one of which is lack of access to finances. Banks have been and still are unwilling to provide SMMEs with loans due to SMMEs’ having high-risk levels of failure rates. This gap gives an opportunity to micro-finance institutions (MFIs) to provide financial support to the SMMEs, which comes with the challenge of properly screening the SMMEs and the possible risk of non-payment. The big question is whether MFIs are willing to support SMMEs and whether SMMEs are interested in obtaining support from MFIs. If so, what are the roles, functions and influence of MFIs towards the SMMEs? This study was undertaken to examine the impact and effectiveness of microfinance institutions (MFIs) in discharging their duties and responsibilities towards SMMEs in South Africa, by first considering the nature, challenges and scope of SMMEs as well as the nature and extent, risks, credit ratings, impact assessment and regulations that affect the products and services of MFIs. Both quantitative and qualitative research methodologies were used in this study. It was found that most SMMEs are making use of the products and services of MFIs. MFIs have been found to provide different reasons for supporting SMMEs, which were also measured and assessed against the previous study, and similar trends were found.The study further found the following: 65% of SMMEs needed microfinance assistance/support from MFIs, 54% of SMMEs were satisfied with the services rendered by MFIs, 35% of MFIs reached out to SMMEs, and 67% of SMMEs preferred formal and registered MFIs for financing of their business activities. The types of risks that most MFIs are faced with were found to be loan repayments from SMMEs, providing smaller loans in order to cater for multiple clients, client dropouts, financial regression, switching of clients, clients engaged with multiple competing MFIs, and making use of informal and unregistered MFIs. Natural disasters such as floods was found to be the least type of a risk. Most SMMEs (approximately 82%) have alluded to the use of informal and unregistered MFIs, due to the convenience of getting support, where there is no screening of the applications, in spite of higher loan interest rates. About 61% of MFIs happen to have a formal screening process of the loan application, which comprises mainly credit checks. No thorough vetting process is done on the clients. Some MFIs (approximately 39%) do not have criteria for assessing whether to fund or not to fund microenterprises, and this is a huge risk, as these MFIs are exposing themselves to non-repayment vulnerabilities by the SMMEs. About 63% of the MFIs were not aware of most of the rules and regulations that affect MFIs, which gives an indication that there is a lack of awareness, education and training.
- Full Text:
- Date Issued: 2017
- Authors: Baloyi, Norman Tinyiko
- Date: 2017
- Subjects: Microfinance -- South Africa Small business -- South Africa
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/17459 , vital:28342
- Description: South Africa, with its establishment of the National Department of Small Business Development, in 2014, made its intentions known for wanting to create a conducive environment by developing and supporting small businesses and cooperatives through financial and non-financial provisions. Nevertheless, there is still a high failure rate of Small, Medium and Micro-sized Enterprises (SMMEs), many of them failing on their first year due to various challenges and circumstances, one of which is lack of access to finances. Banks have been and still are unwilling to provide SMMEs with loans due to SMMEs’ having high-risk levels of failure rates. This gap gives an opportunity to micro-finance institutions (MFIs) to provide financial support to the SMMEs, which comes with the challenge of properly screening the SMMEs and the possible risk of non-payment. The big question is whether MFIs are willing to support SMMEs and whether SMMEs are interested in obtaining support from MFIs. If so, what are the roles, functions and influence of MFIs towards the SMMEs? This study was undertaken to examine the impact and effectiveness of microfinance institutions (MFIs) in discharging their duties and responsibilities towards SMMEs in South Africa, by first considering the nature, challenges and scope of SMMEs as well as the nature and extent, risks, credit ratings, impact assessment and regulations that affect the products and services of MFIs. Both quantitative and qualitative research methodologies were used in this study. It was found that most SMMEs are making use of the products and services of MFIs. MFIs have been found to provide different reasons for supporting SMMEs, which were also measured and assessed against the previous study, and similar trends were found.The study further found the following: 65% of SMMEs needed microfinance assistance/support from MFIs, 54% of SMMEs were satisfied with the services rendered by MFIs, 35% of MFIs reached out to SMMEs, and 67% of SMMEs preferred formal and registered MFIs for financing of their business activities. The types of risks that most MFIs are faced with were found to be loan repayments from SMMEs, providing smaller loans in order to cater for multiple clients, client dropouts, financial regression, switching of clients, clients engaged with multiple competing MFIs, and making use of informal and unregistered MFIs. Natural disasters such as floods was found to be the least type of a risk. Most SMMEs (approximately 82%) have alluded to the use of informal and unregistered MFIs, due to the convenience of getting support, where there is no screening of the applications, in spite of higher loan interest rates. About 61% of MFIs happen to have a formal screening process of the loan application, which comprises mainly credit checks. No thorough vetting process is done on the clients. Some MFIs (approximately 39%) do not have criteria for assessing whether to fund or not to fund microenterprises, and this is a huge risk, as these MFIs are exposing themselves to non-repayment vulnerabilities by the SMMEs. About 63% of the MFIs were not aware of most of the rules and regulations that affect MFIs, which gives an indication that there is a lack of awareness, education and training.
- Full Text:
- Date Issued: 2017
The influence of tourist attractions on students' preferences to study at NMMU
- Authors: Bailey, Jade
- Date: 2017
- Subjects: Tourism -- South Africa -- Nelson Mandela Bay Municipality Students, Foreign -- South Africa -- Nelson Mandela Bay Municipality
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/18232 , vital:28606
- Description: Despite decades of public action by civil society, tourism education has been neglected by policy makers. This is mainly due to the fact that tourism practitioners have not yet developed strategies based on the needs of the communities. The apartheid system created an environment that continues to marginalise those living in poverty-stricken areas with no basic infrastructure. These areas are characterised by the absence of adequate tourism education, training and awareness of opportunities. In fact, tourism education is offered only at a limited number of public and private institutions even though government acknowledges that tourism education is a key element in growing the economy of a country. This study argues that there are many factors that influence the demand for international education. These are push and pull factors that motivate students to travel and study abroad. Push factors are factors that „push‟ tourists toward a particular destination and pull factors are those that „pull‟ tourists toward a destination. The former factors are the needs of the tourists and the latter determine whether or not the needs of the tourists will be met. The primary objective of the study was to obtain a better understanding of tourism and its connection to international education in an effort to attract more students and as a result cause a growth in the tourism industry. The study was based on three research objectives: The first objective was to determine what influences international students to come to Nelson Mandela Metropolitan University (NMMU) in terms of tourism attractions and activities. The second was to identify the different expectations that international students have about Port Elizabeth. The third objective was to determine the role of NMMU in attracting international students to select it as their primary host university. The main finding of the first objective is that there are push and pull factors which influence international students to come to NMMU. Students participate in individual or group activities such as entertainment, cultural activities, sporting events, sightseeing or shopping and study. Their travel is closely associated with their needs and related to the image of a destination. In terms of the second objective the main finding is that the dynamic, changing environment of Port Elizabeth influences their individual needs and aspirations. Their expectations are based on the motivation factor which stems from a need (a semester abroad and working out where it is best to do this). The decision starts with the collection of information on the various options and ends with the assessment of the traveling experience. The economic, political and technological environments all have an influence on the student needs and the decision made. The main finding in terms of the third objective is that the NMMU Office for International Education has to be creative and innovative in its marketing of the university, the city and the country in order to attract international students. In addition, NMMU must uphold and expand new competencies to continue to be a competitive study abroad destination for international students worldwide. The attractiveness of NMMU can be improved by increasing the marketing material that is being sent out to attract international students and by increasing the destination marketing strategies used by the NMMU Office for International Education.
- Full Text:
- Date Issued: 2017
- Authors: Bailey, Jade
- Date: 2017
- Subjects: Tourism -- South Africa -- Nelson Mandela Bay Municipality Students, Foreign -- South Africa -- Nelson Mandela Bay Municipality
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/18232 , vital:28606
- Description: Despite decades of public action by civil society, tourism education has been neglected by policy makers. This is mainly due to the fact that tourism practitioners have not yet developed strategies based on the needs of the communities. The apartheid system created an environment that continues to marginalise those living in poverty-stricken areas with no basic infrastructure. These areas are characterised by the absence of adequate tourism education, training and awareness of opportunities. In fact, tourism education is offered only at a limited number of public and private institutions even though government acknowledges that tourism education is a key element in growing the economy of a country. This study argues that there are many factors that influence the demand for international education. These are push and pull factors that motivate students to travel and study abroad. Push factors are factors that „push‟ tourists toward a particular destination and pull factors are those that „pull‟ tourists toward a destination. The former factors are the needs of the tourists and the latter determine whether or not the needs of the tourists will be met. The primary objective of the study was to obtain a better understanding of tourism and its connection to international education in an effort to attract more students and as a result cause a growth in the tourism industry. The study was based on three research objectives: The first objective was to determine what influences international students to come to Nelson Mandela Metropolitan University (NMMU) in terms of tourism attractions and activities. The second was to identify the different expectations that international students have about Port Elizabeth. The third objective was to determine the role of NMMU in attracting international students to select it as their primary host university. The main finding of the first objective is that there are push and pull factors which influence international students to come to NMMU. Students participate in individual or group activities such as entertainment, cultural activities, sporting events, sightseeing or shopping and study. Their travel is closely associated with their needs and related to the image of a destination. In terms of the second objective the main finding is that the dynamic, changing environment of Port Elizabeth influences their individual needs and aspirations. Their expectations are based on the motivation factor which stems from a need (a semester abroad and working out where it is best to do this). The decision starts with the collection of information on the various options and ends with the assessment of the traveling experience. The economic, political and technological environments all have an influence on the student needs and the decision made. The main finding in terms of the third objective is that the NMMU Office for International Education has to be creative and innovative in its marketing of the university, the city and the country in order to attract international students. In addition, NMMU must uphold and expand new competencies to continue to be a competitive study abroad destination for international students worldwide. The attractiveness of NMMU can be improved by increasing the marketing material that is being sent out to attract international students and by increasing the destination marketing strategies used by the NMMU Office for International Education.
- Full Text:
- Date Issued: 2017
Trade, financial development and the economic growth nexus in South Africa
- Authors: Zhanje, Stephen
- Date: 2017
- Subjects: South Africa -- Economic conditions Economic development -- South Africa Finance -- Developing countries
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/13327 , vital:27175
- Description: South Africa is endowed with a well-developed and regulated financial system which compares favourably with those of other developed economies. Therefore the financial sector is intended to play a significant role in supporting the real economy, by enhancing trade and stimulating economic growth and development. Despite the existence of a stable, developed and well-regulated financial sector, the South African economy has experienced current account deficits for the past 10 years and economic growth rates have mostly trailed behind the targets prescribed by the socio-economic programs formulated and implemented since 1994. To solve the trade – financial development – economic growth nexus problem, most studies have focused on other countries while research studies on South Africa did not explicitly investigate the trade – financial development – economic growth triangle, the linkage which failed to yield the desired outcome for South Africa’s post 1994 era.Therefore, this study employs Cointegration Vector Autoregressive (CVAR) methodology to investigate the relationship between trade, financial development and economic growth in South Africa. The unit root test revealed that the variables considered in the study are I(1) variables and the Johansen cointegration test justified the existence of a long run relationship among the variables. The empirical findings indicate that imports and financial development are positively related to exports whilst economic growth is negatively related to exports. The VAR Ganger causality test has shown that there is a uni-directional causality running from financial development to economic growth, exports and imports and that imports Granger cause exports. The results of this study form the basis for further investigation into the non-performance of exports and economic growth in the nexus. The research study opens up new policy insights by suggesting that financial policy can be used to be more supportive to the production of intermediate and finished products destined for both international and domestic markets.
- Full Text:
- Date Issued: 2017
- Authors: Zhanje, Stephen
- Date: 2017
- Subjects: South Africa -- Economic conditions Economic development -- South Africa Finance -- Developing countries
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/13327 , vital:27175
- Description: South Africa is endowed with a well-developed and regulated financial system which compares favourably with those of other developed economies. Therefore the financial sector is intended to play a significant role in supporting the real economy, by enhancing trade and stimulating economic growth and development. Despite the existence of a stable, developed and well-regulated financial sector, the South African economy has experienced current account deficits for the past 10 years and economic growth rates have mostly trailed behind the targets prescribed by the socio-economic programs formulated and implemented since 1994. To solve the trade – financial development – economic growth nexus problem, most studies have focused on other countries while research studies on South Africa did not explicitly investigate the trade – financial development – economic growth triangle, the linkage which failed to yield the desired outcome for South Africa’s post 1994 era.Therefore, this study employs Cointegration Vector Autoregressive (CVAR) methodology to investigate the relationship between trade, financial development and economic growth in South Africa. The unit root test revealed that the variables considered in the study are I(1) variables and the Johansen cointegration test justified the existence of a long run relationship among the variables. The empirical findings indicate that imports and financial development are positively related to exports whilst economic growth is negatively related to exports. The VAR Ganger causality test has shown that there is a uni-directional causality running from financial development to economic growth, exports and imports and that imports Granger cause exports. The results of this study form the basis for further investigation into the non-performance of exports and economic growth in the nexus. The research study opens up new policy insights by suggesting that financial policy can be used to be more supportive to the production of intermediate and finished products destined for both international and domestic markets.
- Full Text:
- Date Issued: 2017
Accomodation managers' perceptions towards disability service provision
- Authors: Ferreira, Erika
- Date: 2016
- Subjects: People with disabilities--Travel--South africa People with disabilities--Services for--South africa Tourism--Social Aspects
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/5473 , vital:20848
- Description: It is increasingly recognized that travellers with disabilities are becoming an important emerging market segment in the tourism industry worldwide. As the demand for accessible tourism increases, the need for accessible accommodation and disability service provision grows. A search of the international and South African tourism literature revealed few studies with a focus on the supply side of accessible accommodation for persons with disabilities, in particular from the perspective of accommodation managers towards disability service provision. To obtain a broad understanding of the perceptions of accommodation managers towards disability service provision in the Nelson Mandela Bay Metropolitan Municipal area is a challenge which needs to be investigated. From the literature overview it was possible to conceptualize disability; provide a background on existing international and national policies as well as legislative frameworks required in creating an accessible environment that is conducive for persons with disabilities; identify commonalities that exist in supply side literature findings of accessible tourism and to ascertain South African initiatives introduced to create accessible tourist accommodation. This enabled the researcher to develop a research instrument to explore the perceptions of accommodation managers towards servicing the needs of persons with disabilities and the perceptions of accommodation managers towards the importance of disability provision.The primary objective of this exploratory study is to investigate the perceptions of accommodation managers towards disability service provision. A framework to investigate this was developed and three hypotheses formulated and empirically tested. The results of the descriptive statistics showed that, overall, the different aspects of disability service provision were perceived positively and as important. Further data analysis revealed a statistical significant relationship between the respondents’ employment position or function within the accommodation establishment, and the perceptions of accommodation managers towards disability service provision. A statistical significant relationship between the age of respondents, and the perceived importance of disability service provision was shown. Two of the three hypotheses were accepted. The data gathered in this study is important as it indicated that accommodation managers are aware that people with disabilities require certain levels of accessibility when planning trips. As all exploratory research, this study proposes further research to discover the constraints faced by accommodation managers to service the needs of persons with disabilities.
- Full Text:
- Date Issued: 2016
- Authors: Ferreira, Erika
- Date: 2016
- Subjects: People with disabilities--Travel--South africa People with disabilities--Services for--South africa Tourism--Social Aspects
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/5473 , vital:20848
- Description: It is increasingly recognized that travellers with disabilities are becoming an important emerging market segment in the tourism industry worldwide. As the demand for accessible tourism increases, the need for accessible accommodation and disability service provision grows. A search of the international and South African tourism literature revealed few studies with a focus on the supply side of accessible accommodation for persons with disabilities, in particular from the perspective of accommodation managers towards disability service provision. To obtain a broad understanding of the perceptions of accommodation managers towards disability service provision in the Nelson Mandela Bay Metropolitan Municipal area is a challenge which needs to be investigated. From the literature overview it was possible to conceptualize disability; provide a background on existing international and national policies as well as legislative frameworks required in creating an accessible environment that is conducive for persons with disabilities; identify commonalities that exist in supply side literature findings of accessible tourism and to ascertain South African initiatives introduced to create accessible tourist accommodation. This enabled the researcher to develop a research instrument to explore the perceptions of accommodation managers towards servicing the needs of persons with disabilities and the perceptions of accommodation managers towards the importance of disability provision.The primary objective of this exploratory study is to investigate the perceptions of accommodation managers towards disability service provision. A framework to investigate this was developed and three hypotheses formulated and empirically tested. The results of the descriptive statistics showed that, overall, the different aspects of disability service provision were perceived positively and as important. Further data analysis revealed a statistical significant relationship between the respondents’ employment position or function within the accommodation establishment, and the perceptions of accommodation managers towards disability service provision. A statistical significant relationship between the age of respondents, and the perceived importance of disability service provision was shown. Two of the three hypotheses were accepted. The data gathered in this study is important as it indicated that accommodation managers are aware that people with disabilities require certain levels of accessibility when planning trips. As all exploratory research, this study proposes further research to discover the constraints faced by accommodation managers to service the needs of persons with disabilities.
- Full Text:
- Date Issued: 2016
Determinants of economic growth in China: 1978-2013
- Authors: Sipuka, Msingathi
- Date: 2016
- Subjects: China -- Economic conditions -- 1976-2000 , Economic development -- China
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/11181 , vital:26892
- Description: On 1 October 1949, the Communist Party of China under the leadership of Mao Zedong proclaimed the establishment of the People’s Republic of China. Mao was to lead the People’s Republic of China for the next twenty seven years until his death in 1976. During this twenty seven year period under Mao’s leadership the Communist Party of China consolidated its position as the leader of Chinese society and in so doing consolidated communist ideology as the central perspective that guided social and economic planning in China. In 1978, two years after Mao’s death, Deng Xiaping assumed the leadership of the Communist Party of China and this period marked the beginning of far reaching economic and social reforms in China. Over the next thirty years these reforms were to transform China’s economy from the tenth largest to the second largest in the world by the end of 2013. During this period China grew its manufacturing base to the extent that the country has become the world’s largest manufacturer and the world’s leading exporter. This transformation of China’s economy has translated to the country experiencing a period of high levels of economic growth over a sustained period of over 30 years. Estimates suggest that the country’s gross domestic product grew at an average annual rate of nearly 10% over a thirty year period from 1978. These high levels of economic growth have significantly contributed to the overall reduction of poverty levels in the country, with some estimates suggesting that between 300 million to 500 million of the country’s citizens have been lifted out of poverty over a period of thirty years. China’s economic growth has had an impact beyond its own borders, as growth in many developing countries has been inextricably linked to developments in the Chinese economy in particular its demand for raw materials.For developing countries that continue to grapple with high levels of poverty among its citizens, China’s experience of lifting such large numbers of its own citizens out of poverty at the back of high levels of economic growth over a period of thirty years must serve as a basis for some learnings. The primary purpose of this research is aimed at contributing towards building the basis for such learnings, particularly with regards to building an understanding of how China has been able to grow its economy at such high levels over a sustained period of time. This research aims to identify the determinants of China’s growth post 1978. The determinants of growth are studied particularly from 1978 because the year marks the beginning of the period of economic reforms.
- Full Text:
- Date Issued: 2016
- Authors: Sipuka, Msingathi
- Date: 2016
- Subjects: China -- Economic conditions -- 1976-2000 , Economic development -- China
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/11181 , vital:26892
- Description: On 1 October 1949, the Communist Party of China under the leadership of Mao Zedong proclaimed the establishment of the People’s Republic of China. Mao was to lead the People’s Republic of China for the next twenty seven years until his death in 1976. During this twenty seven year period under Mao’s leadership the Communist Party of China consolidated its position as the leader of Chinese society and in so doing consolidated communist ideology as the central perspective that guided social and economic planning in China. In 1978, two years after Mao’s death, Deng Xiaping assumed the leadership of the Communist Party of China and this period marked the beginning of far reaching economic and social reforms in China. Over the next thirty years these reforms were to transform China’s economy from the tenth largest to the second largest in the world by the end of 2013. During this period China grew its manufacturing base to the extent that the country has become the world’s largest manufacturer and the world’s leading exporter. This transformation of China’s economy has translated to the country experiencing a period of high levels of economic growth over a sustained period of over 30 years. Estimates suggest that the country’s gross domestic product grew at an average annual rate of nearly 10% over a thirty year period from 1978. These high levels of economic growth have significantly contributed to the overall reduction of poverty levels in the country, with some estimates suggesting that between 300 million to 500 million of the country’s citizens have been lifted out of poverty over a period of thirty years. China’s economic growth has had an impact beyond its own borders, as growth in many developing countries has been inextricably linked to developments in the Chinese economy in particular its demand for raw materials.For developing countries that continue to grapple with high levels of poverty among its citizens, China’s experience of lifting such large numbers of its own citizens out of poverty at the back of high levels of economic growth over a period of thirty years must serve as a basis for some learnings. The primary purpose of this research is aimed at contributing towards building the basis for such learnings, particularly with regards to building an understanding of how China has been able to grow its economy at such high levels over a sustained period of time. This research aims to identify the determinants of China’s growth post 1978. The determinants of growth are studied particularly from 1978 because the year marks the beginning of the period of economic reforms.
- Full Text:
- Date Issued: 2016
Exchange rate and foreign direct investment inflows: a case of Namibia 1990-2014
- Authors: Idhenga, Salome Ngwedha
- Date: 2016
- Subjects: Economic policy , Exchange rate pass-through -- Namibia , Investments, Foreign -- Namibia , Gross domestic product -- Namibia
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/6762 , vital:21134
- Description: Purpose - this study is aimed at to investigating the effects exchange rate and other variables on foreign direct investment (FDI) inflows have on the Namibian economy. Methodology -The model comprises of the unit root test, the co-integration test, the long run equation co-efficient, an error correction model, the normality test and the stability test, were employed to estimate and interpret the results. Finding and recommendations - The results of the study have revealed that a relationship exists between exchange rate and FDI. However, this relationship is said to be statistically insignificant. It cannot therefore be used as a tool to influence FDI in Namibia. The results further indicated that GDP and trade openness were the most significant determinants of FDI in Namibia. The recommendations of this study thus suggest that the government should implement policies to diversify its production across all sectors and increase the manufacturing of finished goods, so as to enhance the GDP growth. Namibia should further advance its trade open through in-creased and fast-tracked trade agreements at both bilateral and multilateral levels.
- Full Text:
- Date Issued: 2016
- Authors: Idhenga, Salome Ngwedha
- Date: 2016
- Subjects: Economic policy , Exchange rate pass-through -- Namibia , Investments, Foreign -- Namibia , Gross domestic product -- Namibia
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/6762 , vital:21134
- Description: Purpose - this study is aimed at to investigating the effects exchange rate and other variables on foreign direct investment (FDI) inflows have on the Namibian economy. Methodology -The model comprises of the unit root test, the co-integration test, the long run equation co-efficient, an error correction model, the normality test and the stability test, were employed to estimate and interpret the results. Finding and recommendations - The results of the study have revealed that a relationship exists between exchange rate and FDI. However, this relationship is said to be statistically insignificant. It cannot therefore be used as a tool to influence FDI in Namibia. The results further indicated that GDP and trade openness were the most significant determinants of FDI in Namibia. The recommendations of this study thus suggest that the government should implement policies to diversify its production across all sectors and increase the manufacturing of finished goods, so as to enhance the GDP growth. Namibia should further advance its trade open through in-creased and fast-tracked trade agreements at both bilateral and multilateral levels.
- Full Text:
- Date Issued: 2016
Remittances as an external source of finance for investments in developing countries
- Authors: Gadzikwa, Francis
- Date: 2016
- Subjects: Emigrant remittances -- Developing countries Economic development -- Developing countries , Economic development -- Developing countries Developing countries -- Economic policy
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/7664 , vital:22785
- Description: A number of studies by academics, scholars and researchers have been conducted on the subject of remittances. The focus of these studies has been on developing countries where remittance corridors have long been established. These studies have focused more on the effects of remittances at micro level, in other words poverty alleviation as result of the decline of FDI; PI and ODA. Established remittance corridors are found in Asia, the Pacific Rim, the Middle East, South America, the Caribbean, West Africa as well as North Africa. Few studies have been conducted into new emerging corridors that are still being established, such as the South Africa-Zimbabwe, Botswana-Zimbabwe and the Namibian-Zimbabwe corridors where a large number of Zimbabweans have migrated to. Economic growth and development are major challenges facing developing countries due to lack of finance. With the decline of FDI, PI, ODA as well as credit since the global financial crisis in 2008, there is a need for research to determine other alternative sustainable sources of finance to enable economic growth and development. Available literature and empirical evidence on the subject matter suggest remittances as a complementary source not a substitute of FDI, PI, ODA and credit. This means that governments in developing countries should not neglect their duty to collect revenue, should promote FDI and PI and not be dependant solely on remittances. Like FDI, PI and ODA, the flow of remittances is also determined by the socio-economic and political factors. Any negative effect on the socio-economic and political factors may also lead to the decline of remittance flows. Whilst other developing countries in established remittance corridors have put policies and systems in place to harness and ensure maximum benefits of remittances, countries such as Zimbabwe have not done much to realise potential and the impact that remittances can make. This is evidenced from the lack of reliable data which according to Chami et al. (2008:21) places severe constraints on the types of questions that can be asked and conclusions that can be drawn from statistical analyses. Secondly, emigration from Zimbabwe can be regarded to be in its infancy stage compared countries like Nigeria and Egypt where migration to developed countries has reached maturity stage. The evidence of this is seen on the volume of remittances currently being received by these two countries. Therefore, this study will complement existing data and literature available particularly on this corridor. Remittances are channelled either through formal or informal channels. The literature available and empirical evidence suggests that the bulk of remittances are channelled through informal channels as opposed to formal channels (Crush et al.,2012:20). Within the South Africa-Zimbabwe corridor, 85 percent of remittances to Zimbabwe are channelled informally (von Burgsdorff, 2012: 17) and are not captured in the official statistics such as the Balance of Payments. The drawback of this is lack of accurate data which precludes more rigorous statistical analysis in this field (von Burgsdorff, 2010:12). This study will endeavour to capture valuable statistics with regards to remittances. Most developing countries that have relied on aid are also burdened with huge unsustainable external debts (Obasanjo, 2000). The external debts continue to have an adverse effect of slowing down economic growth and development as these countries have an obligation to pay back the debts. Settling of external debts has been one of the biggest challenges facing developing countries. With the rise of remittances, Olubiyi (2013:1) sees them as a replacement to credit to a country that is constrained. Instead of borrowing finance for growth and development, remittances can be used instead. Apart from substituting credit with remittances, countries which are not burdened with external debts are able to use remittances as a leverage to obtain foreign loans (Taylor, 1999:69). The loans acquired can used for supplementing revenue derived from the fiscus and other sources of external finance such as FDI, PI and ODA.
- Full Text:
- Date Issued: 2016
- Authors: Gadzikwa, Francis
- Date: 2016
- Subjects: Emigrant remittances -- Developing countries Economic development -- Developing countries , Economic development -- Developing countries Developing countries -- Economic policy
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/7664 , vital:22785
- Description: A number of studies by academics, scholars and researchers have been conducted on the subject of remittances. The focus of these studies has been on developing countries where remittance corridors have long been established. These studies have focused more on the effects of remittances at micro level, in other words poverty alleviation as result of the decline of FDI; PI and ODA. Established remittance corridors are found in Asia, the Pacific Rim, the Middle East, South America, the Caribbean, West Africa as well as North Africa. Few studies have been conducted into new emerging corridors that are still being established, such as the South Africa-Zimbabwe, Botswana-Zimbabwe and the Namibian-Zimbabwe corridors where a large number of Zimbabweans have migrated to. Economic growth and development are major challenges facing developing countries due to lack of finance. With the decline of FDI, PI, ODA as well as credit since the global financial crisis in 2008, there is a need for research to determine other alternative sustainable sources of finance to enable economic growth and development. Available literature and empirical evidence on the subject matter suggest remittances as a complementary source not a substitute of FDI, PI, ODA and credit. This means that governments in developing countries should not neglect their duty to collect revenue, should promote FDI and PI and not be dependant solely on remittances. Like FDI, PI and ODA, the flow of remittances is also determined by the socio-economic and political factors. Any negative effect on the socio-economic and political factors may also lead to the decline of remittance flows. Whilst other developing countries in established remittance corridors have put policies and systems in place to harness and ensure maximum benefits of remittances, countries such as Zimbabwe have not done much to realise potential and the impact that remittances can make. This is evidenced from the lack of reliable data which according to Chami et al. (2008:21) places severe constraints on the types of questions that can be asked and conclusions that can be drawn from statistical analyses. Secondly, emigration from Zimbabwe can be regarded to be in its infancy stage compared countries like Nigeria and Egypt where migration to developed countries has reached maturity stage. The evidence of this is seen on the volume of remittances currently being received by these two countries. Therefore, this study will complement existing data and literature available particularly on this corridor. Remittances are channelled either through formal or informal channels. The literature available and empirical evidence suggests that the bulk of remittances are channelled through informal channels as opposed to formal channels (Crush et al.,2012:20). Within the South Africa-Zimbabwe corridor, 85 percent of remittances to Zimbabwe are channelled informally (von Burgsdorff, 2012: 17) and are not captured in the official statistics such as the Balance of Payments. The drawback of this is lack of accurate data which precludes more rigorous statistical analysis in this field (von Burgsdorff, 2010:12). This study will endeavour to capture valuable statistics with regards to remittances. Most developing countries that have relied on aid are also burdened with huge unsustainable external debts (Obasanjo, 2000). The external debts continue to have an adverse effect of slowing down economic growth and development as these countries have an obligation to pay back the debts. Settling of external debts has been one of the biggest challenges facing developing countries. With the rise of remittances, Olubiyi (2013:1) sees them as a replacement to credit to a country that is constrained. Instead of borrowing finance for growth and development, remittances can be used instead. Apart from substituting credit with remittances, countries which are not burdened with external debts are able to use remittances as a leverage to obtain foreign loans (Taylor, 1999:69). The loans acquired can used for supplementing revenue derived from the fiscus and other sources of external finance such as FDI, PI and ODA.
- Full Text:
- Date Issued: 2016
South African school teachers' perceptions of sustainable tourism
- Authors: Vosloo, Penelope Leigh
- Date: 2016
- Subjects: Sustainable tourism -- South Africa Tourism -- South Africa Leisure industry -- Research
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/13215 , vital:27162
- Description: Although much research has been conducted on sustainable tourism and the education thereof internationally, a limited number of studies have focussed on education of sustainable tourism in South African secondary schools. A literature overview identified various approaches to the education of sustainability on the international front. Despite South Africa’s reliance on the tourism industry, the concept of sustainability has received little focus in classrooms where this pertinent issue should be receiving attention in order to ensure that future sustainability is ensured in the South African tourism industry. From the literature overview it was possible to identify topics pertaining to sustainability in the Tourism Curriculum and Assessment Policy Statement implemented in the Further Education and Training Phase (FET) in South African secondary schools. These assisted in the development of the research tool for this study. The New Ecological Paradigm (NEP), an instrument used to establish the level of environmental concerns of groups of people, also provided guidance in the development of the research tool. The primary objective of this study is to investigate the perceptions of Tourism educators in secondary schools towards sustainability. A framework to investigate this was developed and three hypotheses formulated. To give effect to this, an empirical investigation was conducted. Tourism educators who were successful in their application to mark 2014 National Senior Certificate Tourism examinations were included in the sample of this study. The result of the descriptive statistics performed on the data showed that the level of education of the respondents was the main contributing demographic that impacted on their perceptions of sustainable tourism. It is, however, of concern to note that a very low percentage of the respondents (6.2%) have received formal training in Tourism. This situation should be cause for concern for Tourism education in the Eastern Cape. Two of the three hypotheses were accepted. The researcher believes that specialised subject relevant training is required to empower educators to teach sustainable tourism in the South African secondary school classrooms in order to ensure future sustainability in the tourism industry of South Africa.
- Full Text:
- Date Issued: 2016
- Authors: Vosloo, Penelope Leigh
- Date: 2016
- Subjects: Sustainable tourism -- South Africa Tourism -- South Africa Leisure industry -- Research
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/13215 , vital:27162
- Description: Although much research has been conducted on sustainable tourism and the education thereof internationally, a limited number of studies have focussed on education of sustainable tourism in South African secondary schools. A literature overview identified various approaches to the education of sustainability on the international front. Despite South Africa’s reliance on the tourism industry, the concept of sustainability has received little focus in classrooms where this pertinent issue should be receiving attention in order to ensure that future sustainability is ensured in the South African tourism industry. From the literature overview it was possible to identify topics pertaining to sustainability in the Tourism Curriculum and Assessment Policy Statement implemented in the Further Education and Training Phase (FET) in South African secondary schools. These assisted in the development of the research tool for this study. The New Ecological Paradigm (NEP), an instrument used to establish the level of environmental concerns of groups of people, also provided guidance in the development of the research tool. The primary objective of this study is to investigate the perceptions of Tourism educators in secondary schools towards sustainability. A framework to investigate this was developed and three hypotheses formulated. To give effect to this, an empirical investigation was conducted. Tourism educators who were successful in their application to mark 2014 National Senior Certificate Tourism examinations were included in the sample of this study. The result of the descriptive statistics performed on the data showed that the level of education of the respondents was the main contributing demographic that impacted on their perceptions of sustainable tourism. It is, however, of concern to note that a very low percentage of the respondents (6.2%) have received formal training in Tourism. This situation should be cause for concern for Tourism education in the Eastern Cape. Two of the three hypotheses were accepted. The researcher believes that specialised subject relevant training is required to empower educators to teach sustainable tourism in the South African secondary school classrooms in order to ensure future sustainability in the tourism industry of South Africa.
- Full Text:
- Date Issued: 2016
The effect of foreign direct investment on economic growth in South Africa
- Authors: Mbeki, Zizipho
- Date: 2016
- Subjects: Public investments -- South Africa Economic development -- South Africa , Investments
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/11166 , vital:26890
- Description: The effect of FDI on economic growth is not a straight jacket. Literature has shown that the effect of FDI on economic growth can be either positive or negative. The positive effects of FDI can be caused by increase in output stimulated by new technological innovations and increase in capital flows. The negative effects could result in a ‘crowding out’ effect on domestic investments, external vulnerability and dependence, destructive competition of foreign affiliates with domestic firms, and market stealing effect due to poor absorptive capacity.This treatise will attempt to shed light on the effect foreign direct investment has on economic growth in South Africa in order to ascertain whether a positive or negative relationship exists between these two variables. This study thus aims to investigate, analyse and estimate the extent to which FDI impacts economic growth in South Africa. The findings of this research will provide policymakers, commercial businesses and scholars with relevant updated theoretical and empirical results that will assist relevant government policy makers in generating effective measures of attracting FDI if it proves to be beneficial for the host country. If the results of the study prove that FDIs do not generate positive spill over effects then the policymakers are thus obliged to formulate policies that will discourage FDIs from penetrating the host country’s economy.
- Full Text:
- Date Issued: 2016
- Authors: Mbeki, Zizipho
- Date: 2016
- Subjects: Public investments -- South Africa Economic development -- South Africa , Investments
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/11166 , vital:26890
- Description: The effect of FDI on economic growth is not a straight jacket. Literature has shown that the effect of FDI on economic growth can be either positive or negative. The positive effects of FDI can be caused by increase in output stimulated by new technological innovations and increase in capital flows. The negative effects could result in a ‘crowding out’ effect on domestic investments, external vulnerability and dependence, destructive competition of foreign affiliates with domestic firms, and market stealing effect due to poor absorptive capacity.This treatise will attempt to shed light on the effect foreign direct investment has on economic growth in South Africa in order to ascertain whether a positive or negative relationship exists between these two variables. This study thus aims to investigate, analyse and estimate the extent to which FDI impacts economic growth in South Africa. The findings of this research will provide policymakers, commercial businesses and scholars with relevant updated theoretical and empirical results that will assist relevant government policy makers in generating effective measures of attracting FDI if it proves to be beneficial for the host country. If the results of the study prove that FDIs do not generate positive spill over effects then the policymakers are thus obliged to formulate policies that will discourage FDIs from penetrating the host country’s economy.
- Full Text:
- Date Issued: 2016
Impact of microfinance institutions on small business sustainability in Nelson Mandela Bay
- Authors: Mgoduka, Bulelwa Keitumetse
- Date: 2015
- Subjects: Microfinance , Financial institutions -- South Africa , Small business -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Doctoral , MPhil
- Identifier: http://hdl.handle.net/10948/8564 , vital:26407
- Description: The rise of microfinance in South Africa as a development trajectory has dismissed ideas that small business enterprises have no significant contribution to the economic growth and development of the country. The primary objective of the study is to assess the impact of microfinance service providers on the success and sustainability of small business enterprises in the Nelson Mandela Bay. By applying descriptive statistics, 2 ordinary least square regression analyses as well as correlation matrix; the results reveal that microfinance has a positive and significant impact on the success and sustainability on small business enterprises in the Nelson Mandela Bay. The research findings hold a variety of implications for Government and policymakers. The study recommends that the microfinance sector must be under good governance through the microfinance regulatory and supervisory structures, since the sector contributes a great deal towards one of the most important objectives of the Post-Apartheid Government. Further, small business entrepreneurs must be well exposed to the requirements, standards and norms which govern the financial sector. This is particularly important in terms of the National Credit Act provisions.
- Full Text:
- Date Issued: 2015
- Authors: Mgoduka, Bulelwa Keitumetse
- Date: 2015
- Subjects: Microfinance , Financial institutions -- South Africa , Small business -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Doctoral , MPhil
- Identifier: http://hdl.handle.net/10948/8564 , vital:26407
- Description: The rise of microfinance in South Africa as a development trajectory has dismissed ideas that small business enterprises have no significant contribution to the economic growth and development of the country. The primary objective of the study is to assess the impact of microfinance service providers on the success and sustainability of small business enterprises in the Nelson Mandela Bay. By applying descriptive statistics, 2 ordinary least square regression analyses as well as correlation matrix; the results reveal that microfinance has a positive and significant impact on the success and sustainability on small business enterprises in the Nelson Mandela Bay. The research findings hold a variety of implications for Government and policymakers. The study recommends that the microfinance sector must be under good governance through the microfinance regulatory and supervisory structures, since the sector contributes a great deal towards one of the most important objectives of the Post-Apartheid Government. Further, small business entrepreneurs must be well exposed to the requirements, standards and norms which govern the financial sector. This is particularly important in terms of the National Credit Act provisions.
- Full Text:
- Date Issued: 2015