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Regional value chains and development integration in the SADC Region: the case of the pharmaceutical industry

  • Authors: Faydherbe, Sean
  • Date: 2018
  • Subjects: Pharmaceutical industry -- Africa, Southern , Southern African Development Community , Africa, Southern -- Economic integration , Regional value chains (RVCs) , Global value chains (GVCs)
  • Language: English
  • Type: text , Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10962/62906 , vital:28309
  • Description: This thesis investigates how regional value chains (RVCs) can be used to further development integration in the Southern African Development Community (SADC) region with a focus on the pharmaceutical manufacturing industry. The study is motivated by the apparent lack of attention given to the development of the pharmaceutical manufacturing industry in Southern Africa, the region’s high disease burden and the identification of the industry as economically and socially important by the SADC (2015) Industrialisation Strategy and Roadmap and the Department of Trade and Industry (DTI) (2017a) Industrial Policy Action Plan (IPAP). At the same time, South Africa and other countries in the region are exploring alternative approaches to regional integration, given the failure or stagnation of numerous formal integration arrangements throughout Africa, which have often lead to polarised rather than balanced development. This thesis argues that the development of RVCs within SADC may be an effective tool for development integration in the region, particularly in sectors such as pharmaceuticals. The study employs a value chain framework for the analysis and discusses development integration options, drawing on the East Asian experience with RVCs and on case studies involving India in the case of the pharmaceutical industry. It provides a sector profile of the industry in South Africa, due to its dominant status in the region, and also of Zimbabwe, due to that country’s potential to become a pharmaceutical industry leader in the region once again. The thesis first explores the important theoretical aspects underlying value chain analysis, namely governance and upgrading, while also outlining the rise of global value chains (GVCs). It analyses the complex relationships between RVCs and GVCs, and RVCs and regional integration. From this it concludes that RVCs are a stepping stone to participation in GVCs and that RVCs should be promoted within a development integration framework through strong regional cooperation. Value chain analysis is applied to the entire pharmaceutical manufacturing industry with a focus on SADC. The thesis examines how the sector is evolving with manufacturing multinational corporations (MNCs) outsourcing production and setting up centres of excellence in regional production hubs. The study argues that with the application of recommended policies, RVCs in sectors such as pharmaceutical manufacturing may provide a tool for achieving balanced development in the region. However, the study also finds that the pharmaceutical industry in SADC lags a long way behind the rest of the world and that many countries and firms will need to begin at the bottom of the value chain, with formulation, in order to contribute to the development of RVCs. The thesis concludes with recommendations on what policies are needed to foster the growth and development of pharmaceutical RVCs in the SADC region. These include strengthening public procurement, providing incentives for investment into the industry, incremental production and incremental export volumes, as well as certainty and predictability around the regulatory and business environment. Further, policy should aim to construct synergies and linkages on the ground between health systems and industrial developments; regulate service links important to pharmaceutical manufacturing; develop a coherent regional policy agenda; remove unnecessary non-tariff barriers to trade in the region and, in line with development integration, implement trade policy along with trade infrastructure that is efficient and includes airports, rail, roads and ports, as well as effective access to the internet.
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  • Date Issued: 2018

Response of the IMF and the World Bank to the Great Recession and the Euro sovereign crisis in a globalising world

  • Authors: Thibane, Tankiso Abel
  • Date: 2018
  • Subjects: Recessions Globalization
  • Language: English
  • Type: Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10948/16142 , vital:28330
  • Description: The International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD) now the World Bank, were created in the mid-1940s. The IMF was tasked to manage the post-war international monetary system, while the World Bank’s role during its early years was to provide development finance to war-torn Europe. These institutions reformed some of their roles to make them relevant to the globalising world over the years and also responded to several post-war crises. Since these two institutions carry out their roles in a globalising world, this study has revealed that globalisation has different interpretations as many researchers refer to the economic and non-economic explanations of its meaning. Globalisation is also a historical process as it traces back several years ago. Since approximately the mid-2000s, the global economy experienced two economic crises, namely the US sub-prime financial crisis that later became the Great Recession and the Euro sovereign crisis. The two economic crises spread to other countries globally that were interconnected into the global economy regarding international trade, investment and banking. These two crisis events required responses from the IMF and the World Bank. The two institutions displayed a variety of strengths and weaknesses in dealing with the recession and the Euro crisis. The lending of both these institutions has been their strength as they have managed to expand their lending capacity during the two crisis periods examined. The IMF’s crisis intervention time frames have also been its strength, as the speed in which it has approved financial assistance requests has been within reasonable time frames. The IMF’s new lending instruments have been its weakness, as the success of these instruments has not been fully tested so far. This is because of the little use of the IMF’s new lending instruments. The IMF’s crisis prevention efforts through the use of its surveillance tools have also been its flaw. This is based on the fact that it has failed to prevent the US financial crisis (later the Great Recession) and the Euro sovereign crisis. Overall, this study found that these institutions played a significant role in responding to the Great Recession and Euro sovereign crisis as their strengths outweigh their weaknesses. However, the weaknesses of the IMF confirm that it needs to reform its role and learn from its flaws in the future.
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  • Date Issued: 2018

Specific service level expectations that automotive manufacturers have of third party logistics service providers in the Eastern Cape Province

  • Authors: Pillay, Shandran
  • Date: 2018
  • Subjects: Business logistics -- South Africa -- Eastern Cape , Delivery of goods -- South Africa -- Eastern Cape -- Management Physical distribution of goods -- South Africa -- Eastern Cape -- Management
  • Language: English
  • Type: Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10948/23108 , vital:30422
  • Description: Very few business enterprises, whether as a service provider or manufacturer, operate in isolation. Most business enterprises have suppliers from whom they acquire their resource inputs (inbound processes), and customers to whom they supply (outbound processes) their outputs. These processes include logistics functions such as transportation, warehousing, information technology, packaging and design activities. In an effort to reduce costs, both these inbound and outbound processes are often outsourced to a third party when the business enterprise finds it too costly to do the processes by itself. Logistics outsourcing refers to an arrangement whereby a logistics service provider, called a third party logistics (3PL) service providers, performs services for a firm that could be, or have previously been, provided in-house. 3PL service providers have a strategic role to play especially in the business of automotive manufacturing firms. They act as external suppliers of logistical services that ensure the efficient and effective flow of resource inputs into the firm as well as final products to the end customer. Low cost, despite being a critical success factor, is not the only expectation. 3PL service providers are also expected to be flexible and versatile in its operations, and to cater for the needs of the manufacturing business strategy. Millions of Rands are spent on 3PL service providers, with the hope and belief that they will streamline business processes. Outsourcing of the logistics division to 3PL service providers reduces the costs of getting the right product to the right place for the consumer. Automotive manufacturing firms are not willing to add any costly service to the commodity which is not perceived as value-adding by the customer. Customers have always been classified as value conscious, but in recent times of economic difficulty and uncertainty, this has become even more apparent. This trend has caused many automotive manufacturing firms to prioritise cost saving, and logistics is no exception. The main objective of this study was to investigate the specific service level expectations that automotive manufacturing firms have of third party logistics (3PL) service providers in the Eastern Cape Province. In support of the main objective, it was necessary to source the reasons why automotive manufacturing firms in the Eastern Cape Province find it important to trade with 3PL service providers and to determine whether or not 3PL service providers are meeting the expectations of automotive manufacturing firms in the Province. Furthermore, the study set out to highlight the major problems currently associated with 3PL service providers, as well as to determine the consequences of unacceptable performance levels provided by 3PL service providers. Lastly, to identify the action plans that automotive manufacturing firms have to bring 3PL service providers in line with their expectations. As a starting point to the study, a literature review was undertaken which revealed that the supply chain philosophy is an important operation in any manufacturing environment. In order to satisfy the end customer, business organisations need to ensure that all supply chain operations are completed in the most efficient and effective manner. In addition, modern business strategies, also referred to as international trends, need to be practiced by principal manufacturing organisations in their quest to be more efficient, effective, competitive and successful in an ever-changing business environment. In order to achieve supply chain success, principal organisations need to ensure that all supply chain partners, particularly 3PL service providers, are aligned with the goals of the principal organisation’s supply chain. The review highlighted that business organisations need to review their selection methods for 3PL service providers on a continuous basis and only select providers that can tailor their service offerings according to the principal organisation’s needs. Therefore, in order for automotive manufactures to realise more potential from their 3PL service providers in the future, issues such as early 3PL service provider involvement, cost saving initiatives from 3PL service providers and 3PL service provider development, will become more crucial. Lastly, the review showed that the automotive industry plays a key role in developing countries as it is a significant contributor to GDP and provides a source of employment, which is much needed in South Africa. However, automotive logistics is a highly complex field, demanding considerable capital resources. One of the most important roles of 3PL service providers in the automotive industry is the management of cargos of goods within the supply chain. As a result, the automotive industry is becoming more based on a system of modularity, through a system of modular production. Logistics outsourcing is receiving increased attention, since it is a sector in which productivity and efficiency improvements are possible in order to lower operating costs, while improving customer services. However, 3PL service providers face significant barriers in developing countries such as stringent legal regulations, poor infrastructure and equipment, as well as a lack of competent manpower for efficient operations. This research was performed mainly within the positivist research paradigm of causality, since it was held by the researcher that there should be a clear causal relationship between the variables that may be observed to answer the research questions of this study. A simple random probability sample of participants from the research population of automotive manufacturing firms in the Eastern Cape Province was gathered, and the questions posed in the questionnaire of this study were structured using both Likert-scale and open-ended questions. In order to analyse the data, two popular quantitative data analysis techniques of descriptive statistical analysis and inferential statistical analysis were employed, with particular techniques of Correlation Analysis, Cronbach’s alpha, and tests for normality being performed. The empirical study revealed that the largest group was employed in the assembly sector, and the vast majority of the respondents made use of 3PL service providers for both sending and receiving components and parts. Almost all of the respondents outsourced transportation services to 3PL service providers. Most respondents were satisfied or very satisfied with their transportation 3PL service providers; but fewer were satisfied, and some were dissatisfied or very dissatisfied, with warehousing and VAS 3PL service providers. The range of mean values across all of the ‘consequences’ that had been caused due to inferior 3PL performance was concisely grouped, indicating that no single issue stood out as far more or less of a problem than the others; though three common problems noted were that respondents had not received parts and components on time, experienced production stoppages; and higher costs had impacted their organisations negatively. The Cronbach alphas of each of the transportation, warehousing, VAS and consequences data sets, combined, indicated that the data was reliable, and had suitable internal consistencies. The main corrective actions to be taken by automotive manufactures against 3PL service providers who fail to perform as promised are to impose a penalty as per the terms and conditions of the contract signed between the automotive manufacturing firm and the 3PL service provider or to cancel the contract and look for an alternative 3PL service provider if they do not have a back-up service provider.
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  • Date Issued: 2018

Substance over form in the context of general anti-avoidance provisions in the income tax act

  • Authors: Saba, Ncumisa
  • Date: 2018
  • Subjects: Income tax -- Law and legislation -- South Africa , Tax evasion -- South Africa Tax planning -- South Africa Taxation -- Law and legislation -- South Africa
  • Language: English
  • Type: Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10948/35049 , vital:33610
  • Description: The provisions of GAAR are contained in sections 80A to 80L of the Income Tax Act 58 of 1962. The main objective of the GAAR is to prohibit impermissible tax avoidance. One of the main purposes of the GAAR is to identify the true nature of a transaction and therefore the provisions of the GAAR focus on the substance of the transaction rather than its form. There can be however difficulty in determining the true substance of a transaction and the intention of the taxpayer when applying the substance over form principle. The substance over form principle is not defined in the GAAR, therefore it is critical that an understanding of this principle is obtained. The purpose of the research was to critically analyse the principle of substance over form in the context of the GAAR. This analysis assessed whether the GAAR is able to effectively identify substance over form in complex tax avoidance arrangements that have been formulated by the taxpayer. The GAAR has provided the Commissioner which tests to apply in order to identify the substance of the transaction over its form and its seeks to remove the façade that is created by tax avoidance schemes however it was submitted that there were areas of the GAAR that require improvement in order to ensure transparency and consistent application of the GAAR. The research also analysed the tests applied by the courts in determining substance over form in different instances. It was determined that the courts apply the abnormality test and the lack of commercial purpose test when determining the substance of a transaction. A contrast of the principles applied the GAAR and the courts was also performed in order to ascertain whether there are any similarities and/or differences when determining the substance of a transaction. It was determined that the principles of the GAAR are not vastly different to the principles applied by the case law when determining substance of a transaction. In order to for the GAAR to be effective in determining substance of a transaction, it will have to be used with reference to case law.
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  • Date Issued: 2018

Suicide and the South African business cycle: a time series approach, 2006-2015

  • Authors: Pitot, Amaury
  • Date: 2018
  • Subjects: Suicide -- South Africa , Business cycles -- South Africa , Autoregression (Statistics) , Divorce -- South Africa , AutoRegressive Distributed Lagged model (ARDL)
  • Language: English
  • Type: text , Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10962/62286 , vital:28150
  • Description: Suicide is a major public health issue and imposes substantial economic cost on society every year. For example, the World Health Organisation has estimated that there are over one million completed suicides every year, of which about 75% occur in middle and low income countries. In South Africa, suicide is one of the leading causes of non-natural death, but remains under-researched from an economic point of view due to limited data availability. Using monthly data for the period 2006-2015, this study explores whether there is a relationship between suicide and the South African business cycle. This is further broken down to examine how, if at all, this relationship with the business cycle differs across age-, gender-, and racial groups. The primary source of data for suicide and demographic groups were obtained from Statistics South Africa’s Mortality and Causes of Death Data from Death Notification released since 2006. The coincident indicator was used as a proxy for the business cycle as it represents the business cycle in real time. Using an autoregressive distributed lagged model (ARDL), a long run relationship was established with suicide being a function of the coincident indicator, divorce and fertility rate. The findings of this paper show that the overall suicide rate moves with the South African business cycle (i.e. pro-cyclical relationship) in the long run. This relationship holds for males, the black population group and the 15-29 and 30-44 age categories. In addition, the divorce rate had a positive and significant relationship with the overall suicide rate, as well as suicide among the black population group and for the 30-44 age category, whereas fertility rates had no significant relationship with suicide.
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  • Date Issued: 2018

Taxation of non-resident digital companies providing services in South Africa

  • Authors: Shumba, Marilyn Tatenda
  • Date: 2018
  • Subjects: Electronic commerce Taxation Law and legislation South Africa , Value-added tax South Africa , Organisation for Economic Co-operation and Development , Taxation Law and legislation South Africa , Business enterprises, Foreign Taxation Law and legislation South Africa
  • Language: English
  • Type: text , Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10962/61680 , vital:28048
  • Description: The role played by electronic commerce has increased in recent years and continues to increase. Due to this increase in the buying and selling of digital goods and services, revenue authorities have had to recognise that the existing taxation laws do not adequately tax the digital economy. The goal of this research was to establish how South Africa could amend its fiscal legislation in order to adequately tax the digital economy. The Organisation for Economic Co-Operation and Development (OECD) has been the leader in addressing the challenges posed by the digital economy. The thesis therefore focused on the recommendations by the OECD on how to tax the digital economy and relevant recommendations for South were adopted in this thesis, based on the work of the OECD. The main focus of these recommendations was on implementing the International VAT/GST Guidelines that were drafted by the OECD. The thesis also focused on the progress made by New Zealand with regard to taxing of the digital economy. New Zealand has a similar taxation system to South Africa so that the progress made there was relevant in the South African context. Recommendations were also made, based on the proposals by the New Zealand revenue authority that South Africa could adopt in taxing the digital economy. The main focus of these recommendations was lowering the Value-Added Tax (VAT) registration threshold for non-resident suppliers of electronic services and enacting legislation to provide for registration of an electronic marketplace for VAT purposes, instead of an individual supplier.
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  • Date Issued: 2018

The causal relationship between savings and economic growth in the Southern African development community

  • Authors: Nsenga, Dieu Donne Katamba
  • Date: 2018
  • Subjects: Saving and investment -- Developing countries
  • Language: English
  • Type: Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10948/17409 , vital:28337
  • Description: Promoting high domestic savings rates in order to boost economic growth is one of the SADC macroeconomic targets. Based on both the Solow’s (1956) and the endogenous “AK” growth models that predict a positive relationship between savings and economic growth in a closed economy, and on the Aghion-Comin-Howitt’s (2006) hypothesis that assumes a positive relationship between savings and economic growth in an open economy, two separate empirical models were constructed to test the long-run relationship and the causality between savings and economic growth in the SADC region. To this end, annual time series data for ten SADC member states obtained from the World Bank Indicators over the period 1985-2015 were pooled. The Panel ARDL/Pooled Mean Group estimator developed by Pesaran, Shin and Smith (1997) was performed to analyse the data. The main findings are that domestic savings is positively related to GDP in an open economy, whereas in a closed economy, it is insignificant. In addition, the speed of adjustment revealed a bi-directional causality between savings and economic growth. However, the speed of adjustment is much slower when the model is estimated with savings as the dependent variable but faster when GDP is regressed as the dependent variable. Thus, SADC member states are encouraged to implement policies that promote domestic savings as well as attract foreign direct investments, in order to boost economic growth. GDP growth will, in turn, increase the level of domestic savings.
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  • Date Issued: 2018

The effects of monetary policy on output and unemployment

  • Authors: Mkhombo, Thabo
  • Date: 2018
  • Subjects: Monetary policy -- Econometric models , Monetary policy -- South Africa Unemployment -- South Africa
  • Language: English
  • Type: Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10948/32783 , vital:32360
  • Description: Following the global financial crisis of 2007 and the ensuing global recessionary of 2009, most economies have been concerned with improving economic growth levels as well as lowering levels of unemployment rates. For the case of South Africa, much concern has been placed on the ability of monetary authorities to contribute to such macroeconomics objectives. therefore the primary objective of the study was to investigate the influence of the monetary policy conduct on economic growth and unemployment.
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  • Date Issued: 2018

The fourth industrial revolution and human capital development

  • Authors: Goldschmidt, Kyle
  • Date: 2018
  • Subjects: Technological innovations -- Economic aspects , Human capital , Intellectual capital , Economic development , Economic development -- Effect of education on , Fourth industrial revolution
  • Language: English
  • Type: text , Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10962/62483 , vital:28197
  • Description: The focus of the Fourth Industrial Revolution has been on its implications on Human Capital and its need to develop “21st-Century Skills" through education to ensure future labour and capital complementarity. Human Capital combined with 21st-Century Skills, it is claimed, can together generate economic growth, jobs and propel an economy into the next Industrial Revolution. However, Schwab’s (2016) concept of the Fourth Industrial Revolution, make no distinction between the Average Worker and the Knowledge Elite and their relationship to each other and successful economic growth. The different nature of these skills is absent in the literature to date. A critical analysis of literature will be used to examine Schwab’s (2016) claim of a Fourth Industrial Revolution and assess how the Average Worker and the Knowledge Elite relate to the Fourth Industrial Revolution and 21st-Century Skills. The evidence is provided on how both the Average Worker and the Knowledge Elite are key contributors to economic growth and will be important in the Fourth Industrial Revolution.
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  • Date Issued: 2018

The impact of macroeconomic factors on the South African equity market

  • Authors: Mpuku, Cwayita
  • Date: 2018
  • Subjects: South Africa -- Economic conditions -- Econometric models , Capital market -- South Africa , Stock exchanges -- South Africa , Johannesburg Stock Exchange
  • Language: English
  • Type: Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10948/32238 , vital:31990
  • Description: The South African equity market is the largest equity market in Africa and plays an important role in the development of the South African economy. It is a relatively large source of finance for companies that want to invest in capital and expand their businesses. Firms that are listed on the Johannesburg Stock Exchange (JSE) are therefore privy to an additional source of capital funds in addition having access to the credit markets. The development of a country’s equity market gives an indication of the extent to which firms have access to long-term funds which are needed for investment in production of goods and services and the growth of the economy. Historical evidence shows that downturns in the equity markets can disrupt economic performance of countries. The 1929 global depression and the 2008 global recession are examples of economic disruptions that have origins in the equity markets (Mishkin, 2013:190). An understanding of the risk factors that drive an equity market is therefore beneficial to both individuals and institutions. Individuals and institutions participate in the equity market by buying and selling shares of companies that are listed on the JSE. About 40 per cent of shares on the JSE are held by institutional investors such as pension funds and unit trusts (Ambrosi, 2014). The equity market therefore has an impact on people’s savings and pension funds invested by intermediary institutions. Investors who participate in the equity market do so with the expectation of receiving returns on their investment, but such returns don’t come without risk.
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  • Date Issued: 2018

The impact of monetary policy on profitability of four major banks in South Africa

  • Authors: Nyakombi, Kulasande Dolly
  • Date: 2018
  • Subjects: Monetary policy -- Econometric models , Financial services industry -- South Africa , Banks and banking -- South Africa
  • Language: English
  • Type: Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10948/33589 , vital:32890
  • Description: This study examines the effect of monetary policy on the profitability of the four major banks in South Africa, namely; Standard Bank, Ned bank, ABSA and FNB. The annual data used is for the period of 1999 to 2015, the study use Pooled OLS effects and Fixed effects to investigate the impact of Monetary Policy on Bank Profitability using Return on Assets as profitability measure. Empirical results indicate that monetary policy proxies by repo rate and lending rates were found to have no significant impact on bank profitability in the four major South African banks.
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  • Date Issued: 2018

The impact of poverty alleviation on sustainable development in South Africa and Uganda

  • Authors: Ngonde, Nicholas
  • Date: 2018
  • Subjects: Sustainable development -- South Africa , Sustainable development -- Uganda Economic development -- South Africa Economic development -- Uganda South Africa -- Economic conditions Uganda -- Economic conditions Poverty -- South Africa Poverty -- Uganda
  • Language: English
  • Type: Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10948/33419 , vital:32852
  • Description: The success of a nation is often determined by economic growth which, however, cannot reduce poverty, create jobs and enhance the general standards of living on its own. Therefore, policy makers should focus on policies that are more inclusive and promote sustainable development. Currently, poverty is the greatest threat to the achievement of sustainable development in most regions of the world. This study thus sought to investigate the impact of poverty alleviation on sustainable development in South Africa and Uganda. An Autoregressive Distributed Lags model (ARDL) was used in order to achieve the aim of this study. The variables analysed in this study were: The Human Sustainable Development Index as an indicator of sustainable development, gross national income per capita as an indicator of poverty, as well as life expectancy, expected years of schooling and carbon dioxide emissions (metric tons per capita) for the period during 1990 and 2014. The empirical findings in this study revealed that all the variables share a long run relationship in both countries. These results also showed that, in the long run, a reduction in poverty and an increase in the expected years of schooling had a significant positive impact on sustainable development, while an increase in the carbon dioxide emissions had a negative effect on sustainable development within South Africa. On the other hand, a reduction in poverty and an increase in the expected years of schooling had a positive effect on sustainable development in Uganda in the long run, unlike carbon dioxide emissions that had no effect. Since a cointegrating relationship was found to exist between the variables, an Error Correction Model (ECM) was estimated. The ECM results revealed that, for South Africa, poverty alleviation had no impact on sustainable development in the short run, unlike expected years of schooling and carbon dioxide emissions that had a positive and negative impact, respectively. In Uganda however, poverty alleviation and expected years of schooling had a positive impact on sustainable development unlike carbon dioxide emissions that had no impact. This study thus revealed that poverty alleviation positively influences the level of sustainable development. However, achieving sustainable development does not solely rely on reducing poverty, but requires policy makers to design strategies that are inclusive and encompass the different aspects of sustainable development.
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  • Date Issued: 2018

The impact of the cultural and creative industries on the economic growth and development of small cities and towns - guidelines for creating a regional cultural policy

  • Authors: Ndhlovu, Raymond
  • Date: 2018
  • Subjects: Cultural industries -- South Africa , Cultural industries -- Economic aspects -- South Africa , Cultural policy , South Africa -- Economic conditions , Economic development -- South Africa -- Eastern Cape , South Africa. Department of Arts and Culture , Standard Bank National Arts Festival
  • Language: English
  • Type: text , Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10962/61524 , vital:28032
  • Description: The arts and cultural sector has come under even more financial strain than it previously was, as it has to compete with other sectors of the economy for the very limited public funding that is available. It is in this context that the economic impact, and the role, of the arts and cultural sector towards advancing economic growth and development, needs be examined. This thesis investigates the potential for the positive impact of the cultural and creative industries (CCIs) on growth and development of small cities and towns. Furthermore, it also provides guidelines for the development of regional cultural policy in small cities and towns. The CCIs have also been touted as a catalyst for economic growth and economic development, hence the global rise in their interest. For example, the CCIs have been used to redevelop and revive urban areas that have been rundown. CCIs, however, tend to develop in clusters, and additionally, they cluster around large cities. However, the lack of reliance of some CCIs on long supply chains or high-technology inputs may make them suitable candidates for investment in small cities and towns. Additionally, the link that small cities and towns have with rural and isolated areas makes them potential engines for driving growth, development, as well as employment creation for these areas, given their decline as a result of the transition from the traditional agricultural economy, to the knowledge economy. As CCIs have the propensity to drive government’s macroeconomic objectives such as efficiency, equity, economic growth and job creation, it is necessary to develop cultural policy that regards this. The tendency of CCIs to cluster and develop around large cities inevitably means that very little research into cultural policy directed towards regions without large cities and towns has been done. By the same token, very little research has also been conducted on how to craft cultural policy for such areas. In order then, for cultural policy for regions without large cities and towns to be developed, it is necessary to investigate, and provide, guidelines on, how to develop cultural policy for such regions. As a case study, the Sarah Baartman District Municipality (SBDM) in the Eastern Cape was chosen. The SBDM has no large cities and towns, but the District Municipality has identified the CCIs as a potential growth sector, and is in the process of developing a regional cultural policy. The area also includes Grahamstown, which not only hosts the National Arts Festival, which is the largest arts event of its type in Africa, but is also piloting the “Creative City” project in South Africa. An audit and mapping study was conducted on the CCIs in the SBDM; this was based on a national mapping study commissioned by the Department of Arts and Culture. Further internet searches, as well as consultations with the provincial and regional Department of Arts of Culture, coupled with snowball sampling, also aided in the identification of CCIs, and consequently, the “creative hotspots” within the SBDM. Two random samples of stakeholders were chosen; the CCI owners and practitioners, as well as key stakeholders such as government officials, and interviews conducted with both groups, in order to get a first-hand perspective on the operations, activities, challenges, and opportunities that are faced by the CCIs. The study found that there were at least 441 CCIs in the SBDM, with two local municipalities (Dr. Beyers Naude and Makana) hosting the largest share of these (145 and 113 CCIs in each local municipality respectively), which indicates some support for the ‘clustering’ theory. It was also found that the local municipalities that had the largest number of CCIs also experienced better socio-economic welfare. Furthermore, based on the UNESCO Framework for Cultural Statistics (FCS) domains, the Visual Arts and Crafts; Information, Books and Press; and, Cultural Heritage domains were the largest domains represented in the SBDM. It was concluded that cultural policy that is developed, ought to take advantage of, and build on, these existing clusters, as well as the domains that are most prevalent in the region. To demonstrate the impact of cultural festivals on growth and development, a socio-economic impact study was undertaken at the 2016 National Arts Festival (NAF) in Grahamstown. Face to interviews, as well as self-completion questionnaires were used, with respondents at different venues, attending a variety of shows, and across a range of demographics, being interviewed, in order to get a representative sample of Festival attendees. It was found that the economic impact of the 2016 NAF on the city of Grahamstown was R94.4 million. Over and above the economic value of the NAF, it was also found that there were nonmarket benefits (social and intrinsic values) of the NAF, that included audience development, education of the arts and culture, social cohesion, and community development. The inability to directly track and measure social and intrinsic values proved to be a challenge. The study concluded that in order for successful cultural policy to be developed in regions without large cities and towns, it is first necessary to carry out a study to identify what resources are present, and where they are. Locating resources enables cluster identification - as clusters encourage comparative and competitive advantage, it is worthwhile to invest in areas where there are clusters. Therefore, in the allocation of scarce public funds, cultural policy needs to guide investment in to areas where established clusters indicate existing comparative advantage. In terms of equity and transformation, it is also necessary to evaluate labour markets and ownership patterns when developing cultural policy. Beyond the analysis of physical and human resources, the study also found that a crucial step towards developing successful cultural policy is identification of opportunities and challenges faced by the practitioners themselves; the policy ought to capitalise on the opportunities, whilst attempting to correct the challenges faced. Also of importance is aligning the proposed policy and its objectives with regional, provincial and national aims and objectives. Finally, it is important to include a monitoring and evaluation tool that will evaluate the performance of the policy against its stated aims and objectives.
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  • Date Issued: 2018

The intention of third party logistics service providers to adopt environmentally sustainable practices

  • Authors: Jappie, Abdul-Gasiep
  • Date: 2018
  • Subjects: Business logistics -- South Africa , Physical distribution of goods -- South Africa -- Management Industrial procurement -- Environmental aspects
  • Language: English
  • Type: Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10948/30605 , vital:30975
  • Description: With the increase in global trade, an escalation of industry competition, greater customer expectations and increasingly larger and more complex supply chains, third-party logistics (3PL) providers play an increasingly important role in international trade. Driven by globalisation and the advances in information technology, 3PL services have experienced unprecedented growth around the world. Given its prominence in global trade, 3PL service providers have, since the late 1980’s, attracted increased scholarly attention and as such, many practitioners regard 3PL providers as integral to external parties that may be consulted for any and all matters related to logistics service, and that are often engaged in the strategic coordination of businesses supply chain activities. Although the body of literature concerned with environmental issues in disciplines such as production and marketing have grown, similar literature involving logistics has been scarce, but expanding. Notwithstanding this growing literature, more research on environmental issues within the logistics industry is required, since the logistics service industry may have a greater negative environmental impact than other service sectors. Despite extensive scientific literature on the outsourcing of logistics functions and 3PL strategy, comparatively fewer studies on environmental sustainability exist in the 3PL industry. It is against this background that the main research question to be addressed in this study is which factors influence the intentions of 3PL service providers to adopt environmentally sustainable practices. A quantitative research methodology was adopted in this study to empirically test the proposed hypothetical model. By means of non-probability sampling, namely convenience sampling, a total of 122 3PL service providers were targeted within Nelson Mandela Bay during the empirical study. This was done by means of a survey using a self-administered structured questionnaire. Descriptive statistics and frequency distributions were utilised to summarise the data collected from the sample. To test the hypothesised relationships in the theoretical model, multiple regression analyses were used. The influence of three internal factors (management support, organisational culture and availability of resources) three external factors (competitive pressure, customer pressure and government influences) on the intention of 3PL service providers to adopt environmentally sustainable practices xii were assessed. The findings of this analysis showed that management and organisational support, customer pressures and government influences and have a significant influence on the intention to adopt environmentally sustainable practices for these businesses. The findings of this study have contributed to the body of knowledge regarding the intentions of 3PL service providers to adopt environmentally sustainable practices. The study used a sound and well-developed research design and methodology which have been justified and applied. This can be utilised by other similar studies to conduct empirical research in the field of adopting sustainable business practices. The measuring instrument and hypothetical model developed can also be used by organisations in other industries to investigate intentions to adopt sustainable practices. This study also provided useful and very practical guidelines to 3PL service providers as to ensure effective adoption of sustainable business practices.
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  • Date Issued: 2018

The nexus between savings, investment and foreign capital in South Africa : an application of the Feldstein-Horioka puzzle

  • Authors: Mtolo, Inga
  • Date: 2018
  • Subjects: Investments, Foreign -- South Africa Saving and investment -- South Africa Capital movements -- South Africa
  • Language: English
  • Type: Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10353/8968 , vital:34177
  • Description: This study investigates the relationship between savings, investment and foreign capital in South Africa, with special focus on the application of the Feldstein-Horioka theory. South Africa is a country that is still faced with relatively low saving levels. Given the low savings experienced by the country, available literature has alluded that foreign capital has played a greater role as the major driver of private investment expenditure in South Africa. Based on this background, the study empirically investigates the relationship between savings, investment and foreign capital utilising the Autoregressive Distributed Lag Model estimation technique for the period 1965 to 2015. The empirical results revealed that there is a positive and significant relationship between savings and investment in South Africa. The empirical results also show that for the period 1995 to 2015, the different types of external financial flows utilized in the study and investment have a positive relationship. These results have been consistent with our apriori expectations and other prior studies. This suggests that, in the case of South Africa, apart from interest rates, there are other factors that determine investment. The positive relationship between investment and foreign capital flows suggest that policies which are aimed at attracting the different types of foreign financial flows should be implemented.
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  • Date Issued: 2018

The relationship between leadership styles and work engagement within the workplace

  • Authors: Soares, Michelle
  • Date: 2018
  • Subjects: Leadership -- South Africa , Management -- Employee participation Employee motivation Work environment Organizational behavior
  • Language: English
  • Type: Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10948/35480 , vital:33738
  • Description: The proposed research was designed to investigate the relationship between leadership styles and work engagement within the workplace. The introduction provided the background to the research study, a brief theoretical overview of the leadership styles and work engagement as well as the relationship between the two variables was discussed. An overview of the motivation of the study, problem statements, research objectives and the propositions were also considered. A literature review provided a background to the origins, definitions, approaches, characteristics, styles, benefits, consequences, theories and models of leadership and work engagement. Thereafter, the relationship between the two variables were discussed and the propositions were revisited. The type of research conducted was an empirical study which utilised correlational and crosssectional design. The research methodology dealt with the population and sample, the measuring instruments, procedure, validity, reliability and ended off with the ethical standards that were considered whilst the research study was conducted. The findings attempted to answer whether a relationship existed between perceptions of leadership styles with the primary aim to either accept or reject the propositions posed in the preceding chapters. The research study concluded in discussing the results and attempted to link it to the literature that was presented in Chapter Two. The main aim was to identify whether relationships existed between the two variables. The study then concluded in discussing the limitations that were found in the study and discussed possible recommendations for the organisation and for potential future researchers who display an interest in pursuing this study further. In conclusion, the findings posed significant implications for leaders within the workplace who aspire to increase their employees’ work engagement levels for purposes of improving the effectiveness and efficiency of their employees’ overall performance towards achieving the business objectives.
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  • Date Issued: 2018

The tax consequences of income and expenses arising from illegal activities

  • Authors: Singh, Shalona
  • Date: 2018
  • Subjects: South Africa. Income Tax Act, 1962 , Income tax South Africa , Tax evasion South Africa , Taxation Law and legislation South Africa Criminal provisions , Crime Economic aspects South Africa
  • Language: English
  • Type: text , Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10962/59456 , vital:27609
  • Description: Income tax in South Africa is levied in terms of the Income Tax Act, 58 of 1962 (the South African Income Tax Act) on taxable income, which by definition, is arrived at by deducting from ''gross income" receipts and accruals that are exempt from tax as well as deductions and allowances provided for in the Act. The South African Income Tax Act provides no guidance with regard to the taxation of income and expenditure from illegal activities. In this mini thesis, case law and legislation is reviewed in an attempt to provide clarity on the tax consequences of income and expenses arising from illegal activities. An overview is provided of the taxation of income and expenditure in respect of illegal activities in the United States of America, Australia and New Zealand. Similarities are found between the American, Australian, New Zealand and South African tax regimes in relation to the taxation of income earned from illegal activities, but there appears to be more certainty in America, Australia and New Zealand with regard to the deduction of expenses arising from illegal activities. In South Africa, taxpayers earning income from ongoing illegal activities will, in principle, comply with the definition of “trade” as defined in section 1 of the South African Income Tax Act. However, this is contrary to the view of the South African Revenue Service that illegal activities do not meet the definition of “trade”, a viewpoint that may not hold if challenged in court. Recommendations are made for the amendment of the South African Income Tax Act to specifically provide for the inclusion in “gross income” of income from illegal activities and to prohibit the deduction of expenditure arising from illegal activities.
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  • Date Issued: 2018

Towards a threat assessment framework for consumer health wearables

  • Authors: Mnjama, Javan Joshua
  • Date: 2018
  • Subjects: Activity trackers (Wearable technology) , Computer networks -- Security measures , Data protection , Information storage and retrieval systems -- Security systems , Computer security -- Software , Consumer Health Wearable Threat Assessment Framework , Design Science Research
  • Language: English
  • Type: text , Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10962/62649 , vital:28225
  • Description: The collection of health data such as physical activity, consumption and physiological data through the use of consumer health wearables via fitness trackers are very beneficial for the promotion of physical wellness. However, consumer health wearables and their associated applications are known to have privacy and security concerns that can potentially make the collected personal health data vulnerable to hackers. These concerns are attributed to security theoretical frameworks not sufficiently addressing the entirety of privacy and security concerns relating to the diverse technological ecosystem of consumer health wearables. The objective of this research was therefore to develop a threat assessment framework that can be used to guide the detection of vulnerabilities which affect consumer health wearables and their associated applications. To meet this objective, the Design Science Research methodology was used to develop the desired artefact (Consumer Health Wearable Threat Assessment Framework). The framework is comprised of fourteen vulnerabilities classified according to Authentication, Authorization, Availability, Confidentiality, Non-Repudiation and Integrity. Through developing the artefact, the threat assessment framework was demonstrated on two fitness trackers and their associated applications. It was discovered, that the framework was able to identify how these vulnerabilities affected, these two test cases based on the classification categories of the framework. The framework was also evaluated by four security experts who assessed the quality, utility and efficacy of the framework. Experts, supported the use of the framework as a relevant and comprehensive framework to guide the detection of vulnerabilities towards consumer health wearables and their associated applications. The implication of this research study is that the framework can be used by developers to better identify the vulnerabilities of consumer health wearables and their associated applications. This will assist in creating a more securer environment for the storage and use of health data by consumer health wearables.
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  • Date Issued: 2018

Trading with selected SADC countries and economic growth in South Africa

  • Authors: Malimba, Nwabisa
  • Date: 2018
  • Subjects: Southern African Development Community , Economic development -- South Africa South Africa -- Economic conditions -- 1991 Economic development -- Africa, Southern
  • Language: English
  • Type: Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10948/31962 , vital:31867
  • Description: This study empirically evaluates the impact of trading with SADC countries on the economic growth of South Africa (2010 -2016). The study used Fixed Effects Model to determine the relationship between economic growth of South Africa and the selected explanatory variables. The study made use of annual panel data from World Bank, Focus Economics and Trading economics. The relationship between South Africa’s economic growth and its determinants was examined using the procedure suggested in the literature by William (2017). Various tests were conducted to ensure that the relevant model is used and to produce reliable results. The results of a fixed effects model revealed that exports, imports and trade openness are statistically significant for South African economic growth. However, the p-values indicated that trade openness is the most statistically significant variable in explaining the variation in South African economic growth better than other explanatory variables confirm. Other variables that explained the fitness of the model for the data indicated that the model was a good fit. The implication of the results obtained from Fixed Effects model is that there was little trade between South Africa and selected SADC countries during the period under review. Trading with SADC countries has a negative effect on South African economy mainly because there was a decrease in exports to SADC over the past six years and that SADC countries still need to be more open to trade. Less intensive trading between SADC countries could be attributed to shortage of capital, infrastructure and skilled labour among SADC countries. The main trading partners of South Africa are countries that are characterised by being capital intensive and have highly skilled labour. In the light of the challenges that negatively affects trade in the SADC region, the study suggests that SADC should spell out the criteria that countries need to meet before they can become members of the union. These should be non-negotiable and ensure that member states harmonise their policies with those of SADC. The study also suggests that SADC countries should be more open to trade as it has been empirically proven that trade openness has a positive relationship with economic growth. Empirical evidence presents that countries with open, large and more developed neighbouring economies grow faster than those with closed, smaller, and less developed neighbouring economies. Trade should be intensified because there are potential gains to trading with SADC. It is further suggested that more focus should be given on work related training to improve the skills of our labour force. These suggestions are based on the belief that African countries have the ability to rescue themselves out of the vicious cycle of poverty.
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  • Date Issued: 2018

Women’s perceptions of successful financial retirement planning

  • Authors: Durrheim, Meghan
  • Date: 2018
  • Subjects: Women -- Retirement -- South Africa -- Makhanda , Retirement -- Planning , Retirement income -- Planning , Women -- Finance, Personal , Retired women -- Finance, Personal , Regression analysis
  • Language: English
  • Type: text , Thesis , Masters , MCom
  • Identifier: http://hdl.handle.net/10962/60339 , vital:27771
  • Description: Financial retirement planning is an important component in ensuring that individuals accumulate sufficient wealth for retirement. Previous research suggests that many individuals are unable to accumulate sufficient wealth for retirement with the problem being particularly acute for women as they tend to spend less time planning financially for retirement when compared to men. Consequently, many women are unable to accumulate sufficient wealth for retirement. Despite the growing need to investigate women’s financial retirement planning, much research tends to focus on financial retirement planning for males. Consequently, there is a growing need to investigate women’s perceptions of successful financial retirement planning, particularly in Grahamstown. After conducting an in-depth literature study and using the study done by Doa (2014), six independent variables were identified: values, time horizon, attitudes, working life-cycle, risk tolerance and financial literacy. These independent variables were identified as factors which could potentially influence women’s perceptions of successful financial retirement planning. A set of hypothesis were formulated to test the relationship between these independent variables and the dependent variable (women’s perceptions of successful financial retirement planning). The study comprised of 101 participants. A principle component analysis was performed to determine the key variables, with the relevant independent factors being renamed: cultural values, personal values, affective attitudes, time horizon knowledge, time horizon consideration, risk tolerance, financial literacy. An ordinal logit regression analysis was then conducted on these renamed variables to determine the influence of these key independent variables on the dependent variable. After controlling for a set of demographic variables the results of the ordinal logit regression analysis revealed that only affective attitudes, time horizon knowledge, and personal values had a significant relationship with women’s perceptions of successful financial retirement planning. Cronbach’s alpha revealed that the measuring instrument of the significant extracted factors was reliable, while Pearson product moment was used to determine correlations between extracted key independent variables and the dependent variable. The investigation into women’s perceptions of successful financial retirement planning enabled insightful information to be gathered which adds to the body of knowledge. In addition, recommendations were formulated in an attempt to assist women when making financial retirement decisions.
  • Full Text:
  • Date Issued: 2018
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