- Title
- The Development of a Strategic Partnership Framework to Facilitate Increased Financial Inclusion of Emerging Farmers in South Africa
- Creator
- Magida, Phiwokuhle Thulani
- Subject
- Agricultural industries
- Subject
- Farmers' markets
- Date Issued
- 2022-04
- Date
- 2022-04
- Type
- Master's theses
- Type
- text
- Identifier
- http://hdl.handle.net/10948/57760
- Identifier
- vital:58232
- Description
- Twenty seven years into democracy, emerging farmers are still considered not to be participating meaningfully in the lucrative agricultural markets. There are many academic research studies that examined the challenges faced by emerging farmers in South Africa. These studies attribute those challenges to the inability of emerging farmers to participate meaningfully in the markets. Agriculture in South Africa, though not the largest, remains one of the largest employing sectors and a source of raw material for the growth of South African economy. Therefore, the agenda of creating successful emerging farmers remains a pertinent issue in the context of South African agriculture and its growing economy. Since 1990 the government has taken on the responsibility of land redistribution and the creation of successful emerging farmers. Evidence shows that there has been little to no success in the latter which has led to remodelling of old policies and implementing them as anew. The reality is that market integration (creating successful emerging farmers) of emerging farmers is a complex problem and requires complex solutions. Literature suggests that multi-stakeholder partnerships are an ideal solution to complex societal problems. Nonetheless, the success of multi-stakeholder partnerships depends on how well the stakeholders involved engage. The study assumes that if the stakeholders involved in the development of emerging farmers engage optimally, the business problem of financial exclusion (lack of access to finance) of emerging farmers can be resolved. This would result in increased market participation by emerging farmers. Hence, the primary research objective of this study is to investigate the factors that influence optimum engagement of multi-stakeholder partnerships between the private, public and non-profit sectors involved in the financing of emerging farmers in South Africa, and subsequently to develop a strategic partnership framework to guide these strategic conversations and financing decisions. This study was based on the positivistic paradigm and utilised a non-probability sampling method called snowball sampling to draw the sample. The sample was comprised of farmers, technical people, managers, and executive managers from the role players involved in the development of emerging farmers. A self-administered questionnaire was utilised as the method to solicit responses from the respondents vi which was sent via an online platform. The data was analysed through a statistical software programme, STATISTICA. Using Cronbach Alpha co-efficient and Exploratory Factor Analysis, the reliability and validity of the instrument was tested. Where sufficient evidence could not be given, variables were removed and not considered for further statistical analysis. The significance, strength, and direction of relationships between variables were determined using the correlation and multiple regression analysis. The significant findings saw a strong positive relationship between optimum engagement of financing stakeholders and perceived increased levels of market participation by emerging farmers. Furthermore, risk management had a significant and positive relationship with optimum engagement of financing stakeholders. Stakeholders involved in encouraging emerging farmers to participate meaningfully in the markets must engage optimally to devise innovative models for the financial inclusion of these farmers.
- Description
- Thesis (MA) -- Faculty of Business and Economic science , 2022
- Format
- computer
- Format
- online resource
- Format
- application/pdf
- Format
- 1 online resource (xii, 116 pages)
- Format
- Publisher
- Nelson Mandela University
- Publisher
- Faculty of Business and Economic science
- Language
- English
- Rights
- Nelson Mandela University
- Rights
- All Rights Reserved
- Rights
- Open Access
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Magida, P.pdf | 1 MB | Adobe Acrobat PDF | View Details Download |