Barriers that prevent effective implementation of physical asset management in a ferrochrome smelter
- Authors: Mulaudzi, Zwivhuya Phumudzo
- Date: 2024-04
- Subjects: Asset management accounts -- South Africa , Asset-liability management , Asset allocation
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/65263 , vital:74083
- Description: The systematic management of fixed assets, such as equipment, vehicles, machinery, and buildings, is referred to as physical asset management. Effective physical asset management helps equipment intensive organisations, such as smelters, to obtain the most value from their assets, while reducing the risks associated with their ownership and operation of these assets. Physical asset management ensures that assets are safe, cost-efficient, reliable, compliant with relevant regulations and standards. The primary objective of this study was to investigate barriers that prevent the effective implementation of physical asset management in the ferrochrome smelter environment. The researcher used the qualitative phenomenological approach to conduct the study with 12 participants selected for the study and data collected through in-depth interviews, to achieve the study’s objectives. The collected qualitative data was analysed and emerging themes from the data were presented. The findings of the study established several barriers that hinder or prevent effective implementation of physical asset management within a smelter environment. Issues, such as risk assessment, competencies, awareness and training were found to have a major impact on the effectiveness of the physical asset management system. The study offered recommendations, such as the generation of an asset specific risk management strategy to manage the risks associated with physical assets. Continuous training and development for the workforce remain effective in delivering the objectives of a physical asset management system. The recommendations proposed to the organisation in this study, can be used as a guide to help the top leadership in decision making and developing a future asset management policy, strategy, and objectives. Periodic management reviews are essential in addressing challenges relating to the physical asset management system. , Thesis (MBA) -- Faculty of Business and Economic Sciences, Business School, 2023
- Full Text:
- Date Issued: 2024-04
Barriers that prevent effective implementation of physical asset management in a ferrochrome smelter
- Authors: Mulaudzi, Zwivhuya Phumudzo
- Date: 2024-04
- Subjects: Asset management accounts -- South Africa , Asset-liability management , Asset allocation
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/65263 , vital:74083
- Description: The systematic management of fixed assets, such as equipment, vehicles, machinery, and buildings, is referred to as physical asset management. Effective physical asset management helps equipment intensive organisations, such as smelters, to obtain the most value from their assets, while reducing the risks associated with their ownership and operation of these assets. Physical asset management ensures that assets are safe, cost-efficient, reliable, compliant with relevant regulations and standards. The primary objective of this study was to investigate barriers that prevent the effective implementation of physical asset management in the ferrochrome smelter environment. The researcher used the qualitative phenomenological approach to conduct the study with 12 participants selected for the study and data collected through in-depth interviews, to achieve the study’s objectives. The collected qualitative data was analysed and emerging themes from the data were presented. The findings of the study established several barriers that hinder or prevent effective implementation of physical asset management within a smelter environment. Issues, such as risk assessment, competencies, awareness and training were found to have a major impact on the effectiveness of the physical asset management system. The study offered recommendations, such as the generation of an asset specific risk management strategy to manage the risks associated with physical assets. Continuous training and development for the workforce remain effective in delivering the objectives of a physical asset management system. The recommendations proposed to the organisation in this study, can be used as a guide to help the top leadership in decision making and developing a future asset management policy, strategy, and objectives. Periodic management reviews are essential in addressing challenges relating to the physical asset management system. , Thesis (MBA) -- Faculty of Business and Economic Sciences, Business School, 2023
- Full Text:
- Date Issued: 2024-04
The impact of South Africa's sale of weapons to Saudi Arabia : the case of Yemen
- Authors: Mekuto, Phumelela
- Date: 2024-04
- Subjects: Conflict management , Military weapons , International relations
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/63334 , vital:73258
- Description: Since the start of the Yemeni conflict in 2014, both the Saudi-led military and the Iranian-backed Houthi Rebel group have launched missile airstrikes across the nation (Sharp & Brudnick, 2015). These attacks are carried out using high-tech military tools, such as drones, aircraft, bombs, and other weapons. According to Hokayem (2016), nearly 24 million Yemenis require aid as Yemen experiences the world’s largest humanitarian crises. Open Secretes released a report in 2020 outlining that weapons used in the war in Yemen could be traced back to Denel, alluding to its role and complicity in the conflict. The aim of this study is to investigate the role of Denel in the conflict in Yemen and its socio-economic effects. In doing so, South Africa’s trade relations with the Saudi-Arabia will be explored. In addition, unpacking the socio-economic conditions that exists domestically and internationally that influence global arms trade. A qualitative research approach is employed. Secondary research analysis is conducted using government publications, international policy reports, books, journals, and newspaper articles. In addressing the social aspect of the arms trade effects, the humanitarian component uses a psycho-social theoretical framework which encompasses Burtons’ human needs theory. In addition to this main theory, the frustration-aggression theory as well as the relative deprivation theory were applied to support the theory central to the study. Fundamental to this study is understanding Denel’s’ complicity in the conflict in Yemen and the effects thereof. This stems from the company’s trade agreements between itself and Saudi Arabia, which has been at the forefront of multiple proxy wars within the region. Denel’s implied complicity stems from the correlation between the heightened period of conflict in the Yemen and the parastatal’s record-breaking order book during the same period. The research study focuses on the period between 2013 – 2016. Further research has been conducted in order to provide a comprehensive historical account and context of the conflict and the role of Denel as a parastatal organisation. Furthermore, this study delves into ongoing crises and the volatile nature of global arms trade regulations. It is for the reasons alluded to above that the study insists on not limiting period of the study to 2013 – 2016. The study findings suggest that although weapons used in the conflict in Yemen could be traced back to Denel, these were insignificant to the overall contribution to the conflict in Yemen, despite South Africa’s and Saudi Arabia’s breach of the End-User agreement. As a result of Saudi Arabia’s continued infringement of human rights, the state was not to be sold weapons as they are proven to have further ramifications against the protection of human rights. Moreover, the arms trade industry partially functions independently from government intervention and regulation, making it increasingly difficult to implement international policy. What is of paramount importance is the direct effect of conflict on innocent civilians who continue to suffer and the human cost of profit and the struggle for power and resources. Recommendations highlighted in the treatise include striking a balance between profitability and the humanitarian perspective by taking into consideration both private sector profit motives and the public sector's responsibility to prioritise human rights and the well-being of people. This approach ensures efficient management of Denel and reduces the possibility of privatization, as Denel remains the lifeline of the South African Defense Force (SADF). To ensure compliance with domestic and international arms treaty regulations, it is necessary to enforce a stricter process for arms sales justification. The agreement should incorporate legal measures that enable the prosecution of the state in cases where irregularities in weapons sales approval, including corruption or personal/political motives, are identified. The study recommends that Denel should initiate a strategic restructuring plan to revitalise its business model and leadership development. This restructuring should prioritise ethical business practices, legality, and vetting of customer information while ensuring profitability for self-sustainability. Addressing irregular sale agreements is crucial before investing in technology advancement and research. Growth assessment should be based on profit margins and order book prospects to ensure business optimisation and resource adequacy. Denel's success is vital for South Africa's GDP growth. , Thesis (MA) -- Faculty of Humanities, School of Governmental and Social Sciences, 2024
- Full Text:
- Date Issued: 2024-04
- Authors: Mekuto, Phumelela
- Date: 2024-04
- Subjects: Conflict management , Military weapons , International relations
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/63334 , vital:73258
- Description: Since the start of the Yemeni conflict in 2014, both the Saudi-led military and the Iranian-backed Houthi Rebel group have launched missile airstrikes across the nation (Sharp & Brudnick, 2015). These attacks are carried out using high-tech military tools, such as drones, aircraft, bombs, and other weapons. According to Hokayem (2016), nearly 24 million Yemenis require aid as Yemen experiences the world’s largest humanitarian crises. Open Secretes released a report in 2020 outlining that weapons used in the war in Yemen could be traced back to Denel, alluding to its role and complicity in the conflict. The aim of this study is to investigate the role of Denel in the conflict in Yemen and its socio-economic effects. In doing so, South Africa’s trade relations with the Saudi-Arabia will be explored. In addition, unpacking the socio-economic conditions that exists domestically and internationally that influence global arms trade. A qualitative research approach is employed. Secondary research analysis is conducted using government publications, international policy reports, books, journals, and newspaper articles. In addressing the social aspect of the arms trade effects, the humanitarian component uses a psycho-social theoretical framework which encompasses Burtons’ human needs theory. In addition to this main theory, the frustration-aggression theory as well as the relative deprivation theory were applied to support the theory central to the study. Fundamental to this study is understanding Denel’s’ complicity in the conflict in Yemen and the effects thereof. This stems from the company’s trade agreements between itself and Saudi Arabia, which has been at the forefront of multiple proxy wars within the region. Denel’s implied complicity stems from the correlation between the heightened period of conflict in the Yemen and the parastatal’s record-breaking order book during the same period. The research study focuses on the period between 2013 – 2016. Further research has been conducted in order to provide a comprehensive historical account and context of the conflict and the role of Denel as a parastatal organisation. Furthermore, this study delves into ongoing crises and the volatile nature of global arms trade regulations. It is for the reasons alluded to above that the study insists on not limiting period of the study to 2013 – 2016. The study findings suggest that although weapons used in the conflict in Yemen could be traced back to Denel, these were insignificant to the overall contribution to the conflict in Yemen, despite South Africa’s and Saudi Arabia’s breach of the End-User agreement. As a result of Saudi Arabia’s continued infringement of human rights, the state was not to be sold weapons as they are proven to have further ramifications against the protection of human rights. Moreover, the arms trade industry partially functions independently from government intervention and regulation, making it increasingly difficult to implement international policy. What is of paramount importance is the direct effect of conflict on innocent civilians who continue to suffer and the human cost of profit and the struggle for power and resources. Recommendations highlighted in the treatise include striking a balance between profitability and the humanitarian perspective by taking into consideration both private sector profit motives and the public sector's responsibility to prioritise human rights and the well-being of people. This approach ensures efficient management of Denel and reduces the possibility of privatization, as Denel remains the lifeline of the South African Defense Force (SADF). To ensure compliance with domestic and international arms treaty regulations, it is necessary to enforce a stricter process for arms sales justification. The agreement should incorporate legal measures that enable the prosecution of the state in cases where irregularities in weapons sales approval, including corruption or personal/political motives, are identified. The study recommends that Denel should initiate a strategic restructuring plan to revitalise its business model and leadership development. This restructuring should prioritise ethical business practices, legality, and vetting of customer information while ensuring profitability for self-sustainability. Addressing irregular sale agreements is crucial before investing in technology advancement and research. Growth assessment should be based on profit margins and order book prospects to ensure business optimisation and resource adequacy. Denel's success is vital for South Africa's GDP growth. , Thesis (MA) -- Faculty of Humanities, School of Governmental and Social Sciences, 2024
- Full Text:
- Date Issued: 2024-04
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