Energy use patterns and trends: the impact of energy policy in South African low-income households
- Israel-Akinbo, Sylvia Olawumi
- Authors: Israel-Akinbo, Sylvia Olawumi
- Date: 2018
- Subjects: Energy policy -- Social aspects -- South Africa , Energy security -- South Africa , Households -- Economic aspects -- South Africa , Poor -- Energy assistance -- South Africa , Poor -- South Africa , University of Cape Town. National Income Dynamics Study , Free Basic Electricity Policy (South Africa) , Income and Expenditure Survey (South Africa)
- Language: English
- Type: text , Thesis , Doctoral , PhD
- Identifier: http://hdl.handle.net/10962/62264 , vital:28148
- Description: Energy poverty is a growing concern especially amongst low-income populations in developing countries. The transition to modern energy carriers is associated with welfare improvement and it is considered as an important developmental goal to achieve, in order to eradicate energy poverty. As such, the South African government has made energy poverty an issue of policy focus. Literature abounds with different measures of energy poverty; energy programmes and policies are also aimed at improving the welfare of the low-income households in terms of basic services such as electricity. As a point of entry into this study, this thesis explored energy use patterns and trends in low-income South African households. The research objectives addressed in the study included investigating the extent of energy poverty through a multidimensional energy poverty index, examining the extent to which the 'energy ladder' and 'energy stacking' models explains energy transition patterns and to examining whether the Free Basic Electricity Policy has impacted on energy choices and energy poverty. In order to contribute to energy poverty and energy policy discussion in South Africa, this study has investigated the dimensions of energy poverty amongst low-income South African households from these three different perspectives (objectives). A positivist approach, by using a quantitative method was used to underpin the study. The study utilised secondary data, which were from the National Income Dynamics Survey and Income and Expenditure Survey. The former was used for the analysis of the multidimensional energy poverty index and energy transition patterns whilst the latter was used for the analysis of the impact of the Free Basic Electricity Policy. The four waves of the National Income Dynamics Survey, with 2008 as the base year and the 2010/2011 version of the Income and Expenditure Survey were used whilst the data were processed through the quantitative software package, STATA version 12. The data were then analysed using the multidimensional energy poverty framework by Nussbaumer et al. (2011) and econometric models, which best fit the objectives. The result of the panel analysis, which assesses the multidimensional energy poverty for low-income households in South Africa showed that low-income households in both urban and rural areas are in a moderate state of energy poverty but different levels. However, the cross-sectional analysis revealed that the percentage of low-income households that are energy poor is reducing for the rural households but increasing for their urban counterparts from 2008 to 2014. The panel and cross-sectional results of the contribution of the energy dimensions in multidimensional energy poverty shows that the low-income households are especially energy poor in terms of heating fuel. The findings from the econometric estimates partly confirmed an energy ladder behaviour for the energy choice for cooking. An energy stacking behaviour was confirmed for the low- income households for these energy services - heating and lighting. Moreover, it was found that with respect to cooking and heating, low-income households living in a modern dwelling, having a small household size and residing in an urban area are less likely to use transitional or traditional energy carriers but most likely to use modern energy carriers. In addition, low-income households are more likely to use modern energy carriers for their cooking and heating in 2010, 2012 and 2014 than in 2008. For lighting energy service, low- income households living in a modern dwelling in an urban settlement are most likely to use modern energy carriers for lighting and less likely to use transitional energy carriers or candles. Only in 2014 were low-income households more likely to use modern energy carriers for lighting than in 2008. The results further showed that modern energy carriers have the highest probability of being preferred for lighting followed by cooking and lastly heating. Also emerging from the findings are that more urban low-income households are receiving the Free Basic Electricity (FBE) grant than their counterparts in the rural areas. The probability of low-income households owning entertainment/education appliance and food preserving appliance is positively influenced by access to Free Basic Electricity. The low- income households living in an urban settlement and in a modern type of dwelling supported this result. However, household size does not seems to support this result should it grow larger.
- Full Text:
- Date Issued: 2018
- Authors: Israel-Akinbo, Sylvia Olawumi
- Date: 2018
- Subjects: Energy policy -- Social aspects -- South Africa , Energy security -- South Africa , Households -- Economic aspects -- South Africa , Poor -- Energy assistance -- South Africa , Poor -- South Africa , University of Cape Town. National Income Dynamics Study , Free Basic Electricity Policy (South Africa) , Income and Expenditure Survey (South Africa)
- Language: English
- Type: text , Thesis , Doctoral , PhD
- Identifier: http://hdl.handle.net/10962/62264 , vital:28148
- Description: Energy poverty is a growing concern especially amongst low-income populations in developing countries. The transition to modern energy carriers is associated with welfare improvement and it is considered as an important developmental goal to achieve, in order to eradicate energy poverty. As such, the South African government has made energy poverty an issue of policy focus. Literature abounds with different measures of energy poverty; energy programmes and policies are also aimed at improving the welfare of the low-income households in terms of basic services such as electricity. As a point of entry into this study, this thesis explored energy use patterns and trends in low-income South African households. The research objectives addressed in the study included investigating the extent of energy poverty through a multidimensional energy poverty index, examining the extent to which the 'energy ladder' and 'energy stacking' models explains energy transition patterns and to examining whether the Free Basic Electricity Policy has impacted on energy choices and energy poverty. In order to contribute to energy poverty and energy policy discussion in South Africa, this study has investigated the dimensions of energy poverty amongst low-income South African households from these three different perspectives (objectives). A positivist approach, by using a quantitative method was used to underpin the study. The study utilised secondary data, which were from the National Income Dynamics Survey and Income and Expenditure Survey. The former was used for the analysis of the multidimensional energy poverty index and energy transition patterns whilst the latter was used for the analysis of the impact of the Free Basic Electricity Policy. The four waves of the National Income Dynamics Survey, with 2008 as the base year and the 2010/2011 version of the Income and Expenditure Survey were used whilst the data were processed through the quantitative software package, STATA version 12. The data were then analysed using the multidimensional energy poverty framework by Nussbaumer et al. (2011) and econometric models, which best fit the objectives. The result of the panel analysis, which assesses the multidimensional energy poverty for low-income households in South Africa showed that low-income households in both urban and rural areas are in a moderate state of energy poverty but different levels. However, the cross-sectional analysis revealed that the percentage of low-income households that are energy poor is reducing for the rural households but increasing for their urban counterparts from 2008 to 2014. The panel and cross-sectional results of the contribution of the energy dimensions in multidimensional energy poverty shows that the low-income households are especially energy poor in terms of heating fuel. The findings from the econometric estimates partly confirmed an energy ladder behaviour for the energy choice for cooking. An energy stacking behaviour was confirmed for the low- income households for these energy services - heating and lighting. Moreover, it was found that with respect to cooking and heating, low-income households living in a modern dwelling, having a small household size and residing in an urban area are less likely to use transitional or traditional energy carriers but most likely to use modern energy carriers. In addition, low-income households are more likely to use modern energy carriers for their cooking and heating in 2010, 2012 and 2014 than in 2008. For lighting energy service, low- income households living in a modern dwelling in an urban settlement are most likely to use modern energy carriers for lighting and less likely to use transitional energy carriers or candles. Only in 2014 were low-income households more likely to use modern energy carriers for lighting than in 2008. The results further showed that modern energy carriers have the highest probability of being preferred for lighting followed by cooking and lastly heating. Also emerging from the findings are that more urban low-income households are receiving the Free Basic Electricity (FBE) grant than their counterparts in the rural areas. The probability of low-income households owning entertainment/education appliance and food preserving appliance is positively influenced by access to Free Basic Electricity. The low- income households living in an urban settlement and in a modern type of dwelling supported this result. However, household size does not seems to support this result should it grow larger.
- Full Text:
- Date Issued: 2018
Integration of small-scale mohair farmers into the commercial agricultural economy in Lesotho: a new institutional economics approach
- Authors: Rantlo, Montoeli Ashby
- Date: 2018
- Subjects: Farms, Small Lesotho , Mohair Lesotho , Institutional economics , Transaction costs , Informal sector (Economics)
- Language: English
- Type: text , Thesis , Doctoral , PhD
- Identifier: http://hdl.handle.net/10962/62275 , vital:28149
- Description: Agriculture continues to be a strategic sector in the development of most low-income countries like Lesotho where small-scale farming is the dominant livelihood activity that provides income and employment to the people. Smallholder farmers' integration into the commercial agricultural markets is a crucial element for economic development and has become a part of development strategies for developing countries and the objectives of international development institutions. The integration of the smallholders into these markets is dependent upon a number of factors including formal and informal institutions. Factors like population growth and demographic changes, technological change and introduction of new commodities, development of infrastructure and market institutions, development of the nonfarm sector and broader economy, rising labour opportunity costs, and macroeconomic, trade and sectoral policies affecting prices and other driving forces determine market participation. In addition, development of input and output markets, institutions like property rights and land tenure, market regulations, cultural and social factors affecting consumption preferences, production and market opportunities and constraints, agro-climatic conditions, and production and market related risks are other factors that affect the commercialisation process. On the other hand, factors like smallholder resource endowments including land and other natural capital, labour, physical capital, and human capital among others are household specific and considered internal determinants of market participation. Nevertheless, the decision to participate in agricultural markets lies with the individual farming household. Under the New Institutional Economics (NIE), this decision is influenced by institutional factors such as risk and preferences, factors which affect household production and the level of costs associated with market transactions. These market transactions are commonly referred to as transaction costs. The study focused on investigating the institutions that limit the integration of small-scale mohair farmers into the commercial agricultural economy in Lesotho. The documentation and evaluation of the institutional structure of the mohair industry is performed whereby the institutional factors influencing participation of small-scale mohair farmers in formal, informal and illegal markets in Lesotho and factors contributing to transaction costs associated with the integration of small-scale farmers into the commercial mohair sector are investigated. Therefore, the investigation will help to address the institutional problems hindering the development of an effective marketing structure for the commercialisation of small-scale mohair producers in Lesotho. The results of the study show that the small-scale mohair farmers that use the formal markets are integrated into the commercial agricultural economy and these farmers' integration into the mainstream economy is influenced by access to government support in the form of shearing sheds, transport subsidies and advisory services. They also have access to market information, marketing infrastructure, knowledge of grades and standards and secure property rights. Other factors that helped their integration into the commercial economy is their contractual agreements with mohair buyers, path dependent based decision making as well as the collective approach to mohair farming. The small-scale mohair farmers using the informal markets do not receive the advantages received by the famers in the formal markets. These small-scale mohair farmers are not integrated into the commercial markets and their only option is the informal markets and their participation in these markets is enhanced by their marketing arrangements with the informal traders, culture influenced decisions, social capital and prompt payments. Despite integration into the commercial agricultural economy, small-scale farmers that use formal markets face the challenges of power imbalances, mistrust and conflicts which may affect this integration into the commercial markets if left unchecked. The study concludes that in the face of institutional challenges, the small-scale mohair farmers using the formal markets are integrated into the commercial agricultural economy and there is potential for improvement of their integration as well as the integration of the small-scale mohair farmers that use the informal markets if institutional challenges are addressed.
- Full Text:
- Date Issued: 2018
- Authors: Rantlo, Montoeli Ashby
- Date: 2018
- Subjects: Farms, Small Lesotho , Mohair Lesotho , Institutional economics , Transaction costs , Informal sector (Economics)
- Language: English
- Type: text , Thesis , Doctoral , PhD
- Identifier: http://hdl.handle.net/10962/62275 , vital:28149
- Description: Agriculture continues to be a strategic sector in the development of most low-income countries like Lesotho where small-scale farming is the dominant livelihood activity that provides income and employment to the people. Smallholder farmers' integration into the commercial agricultural markets is a crucial element for economic development and has become a part of development strategies for developing countries and the objectives of international development institutions. The integration of the smallholders into these markets is dependent upon a number of factors including formal and informal institutions. Factors like population growth and demographic changes, technological change and introduction of new commodities, development of infrastructure and market institutions, development of the nonfarm sector and broader economy, rising labour opportunity costs, and macroeconomic, trade and sectoral policies affecting prices and other driving forces determine market participation. In addition, development of input and output markets, institutions like property rights and land tenure, market regulations, cultural and social factors affecting consumption preferences, production and market opportunities and constraints, agro-climatic conditions, and production and market related risks are other factors that affect the commercialisation process. On the other hand, factors like smallholder resource endowments including land and other natural capital, labour, physical capital, and human capital among others are household specific and considered internal determinants of market participation. Nevertheless, the decision to participate in agricultural markets lies with the individual farming household. Under the New Institutional Economics (NIE), this decision is influenced by institutional factors such as risk and preferences, factors which affect household production and the level of costs associated with market transactions. These market transactions are commonly referred to as transaction costs. The study focused on investigating the institutions that limit the integration of small-scale mohair farmers into the commercial agricultural economy in Lesotho. The documentation and evaluation of the institutional structure of the mohair industry is performed whereby the institutional factors influencing participation of small-scale mohair farmers in formal, informal and illegal markets in Lesotho and factors contributing to transaction costs associated with the integration of small-scale farmers into the commercial mohair sector are investigated. Therefore, the investigation will help to address the institutional problems hindering the development of an effective marketing structure for the commercialisation of small-scale mohair producers in Lesotho. The results of the study show that the small-scale mohair farmers that use the formal markets are integrated into the commercial agricultural economy and these farmers' integration into the mainstream economy is influenced by access to government support in the form of shearing sheds, transport subsidies and advisory services. They also have access to market information, marketing infrastructure, knowledge of grades and standards and secure property rights. Other factors that helped their integration into the commercial economy is their contractual agreements with mohair buyers, path dependent based decision making as well as the collective approach to mohair farming. The small-scale mohair farmers using the informal markets do not receive the advantages received by the famers in the formal markets. These small-scale mohair farmers are not integrated into the commercial markets and their only option is the informal markets and their participation in these markets is enhanced by their marketing arrangements with the informal traders, culture influenced decisions, social capital and prompt payments. Despite integration into the commercial agricultural economy, small-scale farmers that use formal markets face the challenges of power imbalances, mistrust and conflicts which may affect this integration into the commercial markets if left unchecked. The study concludes that in the face of institutional challenges, the small-scale mohair farmers using the formal markets are integrated into the commercial agricultural economy and there is potential for improvement of their integration as well as the integration of the small-scale mohair farmers that use the informal markets if institutional challenges are addressed.
- Full Text:
- Date Issued: 2018
Invasive alien plants and rural livelihoods: a case of Gwanda District, Zimbabwe
- Authors: Dube, Nqobizitha
- Date: 2017
- Subjects: Cylindropuntia fulgida , Invasive plants -- Economic aspects , Invasive plants -- Control , Invasive plants -- Economic aspects -- Zimbabwe , Ecosystem services -- Zimbabwe , Environmental policy -- Zimbabwe , Ecosystem management -- Zimbabwe , Cactus -- Economic aspects -- Zimbabwe
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: http://hdl.handle.net/10962/4368 , vital:20653
- Description: Biodiversity is the cornerstone of ecosystem functioning and the realisation that most rural African community livelihoods are directly dependent on ecosystem goods and services warrants its conservation. Invasive alien plants threaten biodiversity and compromise the ecosystem's ability to provide goods and services for rural communities, thereby negatively affecting livelihood strategies. Information on IAPs is lacking in most African countries, thus, the livelihood effects of Invasive Alien Plants (IAPs) are not clearly understood. In Zimbabwe, Cylindropuntia fulgida var. fulgida (Cff) has invaded Gwanda district in the Matabeleland south province compromising local household capital assets that contribute to livelihood strategies and altering the ecosystem. This study exposed the rural worldview of the environment, the effect that Cff has on local livelihood strategies and the effectiveness environmental management institutions in rural Gwanda district. The study followed a post positivist paradigm. The impacts of IAPs on rural communities in Zimbabwe were analysed by looking at the livelihood stresses that arise because of Cff. The research used multi-stage sampling to select a representative sample of respondents. Primary data was collected using semi-structured questionnaires, group discussion and key informant guides. Furthermore, document analysis was conducted to collect secondary data. The data analysis process used Computer packages Microsoft Excel, SPSS and NVIVO. Results showed that livelihood benefits that species in the natural environment provide strongly influence environmental perceptions of rural African communities. Additionally, the study showed that Cff compromises the local ecosystem and reduces its ability to support the dominant livelihoods in the study area. The long-term result of such a situation in the absence of control is increased poverty and the failure to realise sustainable development. However, results indicated that IAPs could also improve the poverty situation of a community before they have reached the threshold points. It is therefore imperative to know the threshold points of an invasive plant in order to ascertain the efficient point to intervene. The study also showed that benefits of invasive plants accrue to different members of a society at different times (private/public). This knowledge allows the adoption of efficient and effective control strategies.
- Full Text:
- Date Issued: 2017
- Authors: Dube, Nqobizitha
- Date: 2017
- Subjects: Cylindropuntia fulgida , Invasive plants -- Economic aspects , Invasive plants -- Control , Invasive plants -- Economic aspects -- Zimbabwe , Ecosystem services -- Zimbabwe , Environmental policy -- Zimbabwe , Ecosystem management -- Zimbabwe , Cactus -- Economic aspects -- Zimbabwe
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: http://hdl.handle.net/10962/4368 , vital:20653
- Description: Biodiversity is the cornerstone of ecosystem functioning and the realisation that most rural African community livelihoods are directly dependent on ecosystem goods and services warrants its conservation. Invasive alien plants threaten biodiversity and compromise the ecosystem's ability to provide goods and services for rural communities, thereby negatively affecting livelihood strategies. Information on IAPs is lacking in most African countries, thus, the livelihood effects of Invasive Alien Plants (IAPs) are not clearly understood. In Zimbabwe, Cylindropuntia fulgida var. fulgida (Cff) has invaded Gwanda district in the Matabeleland south province compromising local household capital assets that contribute to livelihood strategies and altering the ecosystem. This study exposed the rural worldview of the environment, the effect that Cff has on local livelihood strategies and the effectiveness environmental management institutions in rural Gwanda district. The study followed a post positivist paradigm. The impacts of IAPs on rural communities in Zimbabwe were analysed by looking at the livelihood stresses that arise because of Cff. The research used multi-stage sampling to select a representative sample of respondents. Primary data was collected using semi-structured questionnaires, group discussion and key informant guides. Furthermore, document analysis was conducted to collect secondary data. The data analysis process used Computer packages Microsoft Excel, SPSS and NVIVO. Results showed that livelihood benefits that species in the natural environment provide strongly influence environmental perceptions of rural African communities. Additionally, the study showed that Cff compromises the local ecosystem and reduces its ability to support the dominant livelihoods in the study area. The long-term result of such a situation in the absence of control is increased poverty and the failure to realise sustainable development. However, results indicated that IAPs could also improve the poverty situation of a community before they have reached the threshold points. It is therefore imperative to know the threshold points of an invasive plant in order to ascertain the efficient point to intervene. The study also showed that benefits of invasive plants accrue to different members of a society at different times (private/public). This knowledge allows the adoption of efficient and effective control strategies.
- Full Text:
- Date Issued: 2017
Institutional change, institutional isolation and biodiversity governance in South Africa: a case study of the trout industry in alien and invasive species regulatory reforms
- Authors: Marire, Juniours
- Date: 2016
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: http://hdl.handle.net/10962/639 , vital:19977
- Description: The world, in recent decades, has witnessed an incalculable surge in global “wicked” policy problems that have long-term, and most often irreversible, impacts, not least terrorism, climate change, biodiversity losses and desertification. Wicked problems are wicked because there is no single epistemological system that can adequately coordinate policy action for addressing them. Literature abounds with international case studies of opposition to national institutions that are designed to put into effect global and regional policies for resolving wicked problems. This raises questions about what constitutes reasonable institutions, how such institutions can be designed and why societies sometimes fail to develop such institutions despite the obvious need for them. As a point of entry into these issues, the thesis adapted and extended the Northean (2007, 2012) macro meta-theoretic framework for studying the violence-development relationship, which focuses on the role of political and economic competition in the emergence of ‘right’ institutions that promote development, while containing violence. The Northean framework conceptualises two mutually exclusive social orders – the limited access order and the open access order – which provide the socio-cultural context for the evolution of specific institutions. The macro meta-theoretic framework was transformed into a micro metatheoretic framework in such a way that the limited access order and the open access order co-existed in the evolution of specific institutions. This reconceptualisation built on Bromley’s (2004, 2006) two realms of public policy: the realm of reasons (legislative-judicial system) and the realm of rules (administrative system) as well as the feminist concept of epistemic violence, which broadened the concept of violence from being exclusively physical to including the sociocognitive. The feminist concept of epistemic oppression logically fitted into, and became a new sub-category of, Commons’ (1899, 1924, 1934) theories of sovereignty and negotiational psychology. The innovations showed that either of these realms can be a limited access order, while the other can be an open access order or both can be open access orders or both can be limited access orders. The conceptual innovations were then used as an interpretive scheme in analysing the evolution of the South African invasive alien species regulatory reforms under the National Environmental Management: Biodiversity Act of 2004, using a case study of the trout sector, which was the most opposed to the reforms. There was a general perception among socioeconomic sectors that utilise invasive alien species that the regulatory reform processes for the governance of such species had institutionally isolated the sectors. Because of this perception, the regulatory reform process was contested, and implementation of the Fifth Chapter of the Act, which deals with the governance of invasive alien species, was delayed for nearly a decade. The thesis evaluated whether institutional isolation existed and how and why it came to be since it has implications for the reasonableness of emerging regulatory institutions, economic performance of sectors and efficient allocation of fiscal resources in institutional design processes. A mixed methods methodology was used, which included data analysis techniques such as semiosis, exploratory factor analysis, econometric estimation and document analysis. Policy documents, an online survey and key informant interviews comprised the data. The findings suggested six dimensions of institutional change that a theory of institutional change might have to address: the origin and continuity of pecuniary institutions; selfreinforcing mechanisms of the limited access policymaking order; succession and disbandment of the limited access policymaking order; exclusivity of negotiations in institutional design; tiers of institutional isolation; and the role of administrative discontinuities. Findings suggested that institutional isolation existed in the regulatory process, manifesting in three forms: administrative isolation, epistemological isolation and sectoral isolation. Administrative isolation was the most complex of the three in that it also involved a less obvious process of institutional isolation in the form of administrative redefinition of opportunity sets that were already legislatively redefined. The mechanisms of institutional isolation through which administrative isolation was sustained were administrative financing of research and careerism. The two mechanisms created a revolving door-type scenario through which invasion biologists supplied the administrative agency with candidates for senior (decision making) positions and the administrative agency, in turn, demanded specific types of knowledge over which the same epistemic community had a monopoly. The revolving door-type scenario was found to ideologically and physically entrench invasion biologists into the regulatory community. The consequence of the entrenchment was institutional hegemony, which manifested itself through the mechanism of epistemic violence insofar as the invasion biologists became the epistemic arbiters about what kinds of ideas and institutions really mattered in the governance of invasive alien species. Econometric estimates suggested that the extent to which an emerging institution is perceived to be reasonable by regulated sectors depends on the extent to which the institution is designed in a participatory and inclusive manner (that is, using integrative knowledge systems), the extent to which the designers used credible evidence and contextualised international evidence as well as the extent to which the emergent biodiversity governance institution was anthropocentric. However, findings suggested that the South African regulatory reform process fell short on all these four dimensions of reasonable institutions, which is characteristic of institutional design process shaped by hegemonic social imaginaries, resulting in institutional isolation. Emerging from the findings are several theoretical insights. Bush’s (1987) concept of institutional spaces under the Veblenian Dichotomy was extended, the result of which was identification of two stable institutional equilibria – one ceremonial and another instrumental. The ceremonial equilibrium was a typical limited access policymaking order and was responsible for the historical and present emergence of regressive institutions. Findings also suggested that the entrenched invasion biologists ceremonially encapsulated the knowledge fund that had been accumulated since the 1980s, which could have facilitated the consensual design of regulatory institutions for invasive alien species without protracted controversy. Findings suggested that a limited access policymaking order could only be disbanded by the intervention of an external sovereign agent (in this case the office of the state president) since the administrative agency, and the epistemic community that advised it, adopted the solutions that were empirically tested and proposed in the 1980s only after the intervention of the external sovereign agent. The instrumental equilibrium repealed the contested prisoner’s dilemma that was characteristic of the policy process and turned it into an assurance policy game by facilitating the identification of common interests. This finding logically links the study to a recent theoretical development in institutional theory – Ordonomics – which focuses on the causality between ideas and institutions. The findings imply that it is possible to design reasonable institutions as long as integrative (transdisciplinary) knowledge systems, including the non-scientific knowledge of the resource users, are incorporated. Integrative knowledge systems facilitate semantic innovations, which create social DNA, but epistemic violence destroys social DNA. They also imply that reliance on unidisciplinary knowledge systems in institutional design induces a large and inefficient transaction cost burden of public policy on the fiscus and private agents alike because of the inevitability of controversy, especially for wicked policy problems.
- Full Text:
- Date Issued: 2016
- Authors: Marire, Juniours
- Date: 2016
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: http://hdl.handle.net/10962/639 , vital:19977
- Description: The world, in recent decades, has witnessed an incalculable surge in global “wicked” policy problems that have long-term, and most often irreversible, impacts, not least terrorism, climate change, biodiversity losses and desertification. Wicked problems are wicked because there is no single epistemological system that can adequately coordinate policy action for addressing them. Literature abounds with international case studies of opposition to national institutions that are designed to put into effect global and regional policies for resolving wicked problems. This raises questions about what constitutes reasonable institutions, how such institutions can be designed and why societies sometimes fail to develop such institutions despite the obvious need for them. As a point of entry into these issues, the thesis adapted and extended the Northean (2007, 2012) macro meta-theoretic framework for studying the violence-development relationship, which focuses on the role of political and economic competition in the emergence of ‘right’ institutions that promote development, while containing violence. The Northean framework conceptualises two mutually exclusive social orders – the limited access order and the open access order – which provide the socio-cultural context for the evolution of specific institutions. The macro meta-theoretic framework was transformed into a micro metatheoretic framework in such a way that the limited access order and the open access order co-existed in the evolution of specific institutions. This reconceptualisation built on Bromley’s (2004, 2006) two realms of public policy: the realm of reasons (legislative-judicial system) and the realm of rules (administrative system) as well as the feminist concept of epistemic violence, which broadened the concept of violence from being exclusively physical to including the sociocognitive. The feminist concept of epistemic oppression logically fitted into, and became a new sub-category of, Commons’ (1899, 1924, 1934) theories of sovereignty and negotiational psychology. The innovations showed that either of these realms can be a limited access order, while the other can be an open access order or both can be open access orders or both can be limited access orders. The conceptual innovations were then used as an interpretive scheme in analysing the evolution of the South African invasive alien species regulatory reforms under the National Environmental Management: Biodiversity Act of 2004, using a case study of the trout sector, which was the most opposed to the reforms. There was a general perception among socioeconomic sectors that utilise invasive alien species that the regulatory reform processes for the governance of such species had institutionally isolated the sectors. Because of this perception, the regulatory reform process was contested, and implementation of the Fifth Chapter of the Act, which deals with the governance of invasive alien species, was delayed for nearly a decade. The thesis evaluated whether institutional isolation existed and how and why it came to be since it has implications for the reasonableness of emerging regulatory institutions, economic performance of sectors and efficient allocation of fiscal resources in institutional design processes. A mixed methods methodology was used, which included data analysis techniques such as semiosis, exploratory factor analysis, econometric estimation and document analysis. Policy documents, an online survey and key informant interviews comprised the data. The findings suggested six dimensions of institutional change that a theory of institutional change might have to address: the origin and continuity of pecuniary institutions; selfreinforcing mechanisms of the limited access policymaking order; succession and disbandment of the limited access policymaking order; exclusivity of negotiations in institutional design; tiers of institutional isolation; and the role of administrative discontinuities. Findings suggested that institutional isolation existed in the regulatory process, manifesting in three forms: administrative isolation, epistemological isolation and sectoral isolation. Administrative isolation was the most complex of the three in that it also involved a less obvious process of institutional isolation in the form of administrative redefinition of opportunity sets that were already legislatively redefined. The mechanisms of institutional isolation through which administrative isolation was sustained were administrative financing of research and careerism. The two mechanisms created a revolving door-type scenario through which invasion biologists supplied the administrative agency with candidates for senior (decision making) positions and the administrative agency, in turn, demanded specific types of knowledge over which the same epistemic community had a monopoly. The revolving door-type scenario was found to ideologically and physically entrench invasion biologists into the regulatory community. The consequence of the entrenchment was institutional hegemony, which manifested itself through the mechanism of epistemic violence insofar as the invasion biologists became the epistemic arbiters about what kinds of ideas and institutions really mattered in the governance of invasive alien species. Econometric estimates suggested that the extent to which an emerging institution is perceived to be reasonable by regulated sectors depends on the extent to which the institution is designed in a participatory and inclusive manner (that is, using integrative knowledge systems), the extent to which the designers used credible evidence and contextualised international evidence as well as the extent to which the emergent biodiversity governance institution was anthropocentric. However, findings suggested that the South African regulatory reform process fell short on all these four dimensions of reasonable institutions, which is characteristic of institutional design process shaped by hegemonic social imaginaries, resulting in institutional isolation. Emerging from the findings are several theoretical insights. Bush’s (1987) concept of institutional spaces under the Veblenian Dichotomy was extended, the result of which was identification of two stable institutional equilibria – one ceremonial and another instrumental. The ceremonial equilibrium was a typical limited access policymaking order and was responsible for the historical and present emergence of regressive institutions. Findings also suggested that the entrenched invasion biologists ceremonially encapsulated the knowledge fund that had been accumulated since the 1980s, which could have facilitated the consensual design of regulatory institutions for invasive alien species without protracted controversy. Findings suggested that a limited access policymaking order could only be disbanded by the intervention of an external sovereign agent (in this case the office of the state president) since the administrative agency, and the epistemic community that advised it, adopted the solutions that were empirically tested and proposed in the 1980s only after the intervention of the external sovereign agent. The instrumental equilibrium repealed the contested prisoner’s dilemma that was characteristic of the policy process and turned it into an assurance policy game by facilitating the identification of common interests. This finding logically links the study to a recent theoretical development in institutional theory – Ordonomics – which focuses on the causality between ideas and institutions. The findings imply that it is possible to design reasonable institutions as long as integrative (transdisciplinary) knowledge systems, including the non-scientific knowledge of the resource users, are incorporated. Integrative knowledge systems facilitate semantic innovations, which create social DNA, but epistemic violence destroys social DNA. They also imply that reliance on unidisciplinary knowledge systems in institutional design induces a large and inefficient transaction cost burden of public policy on the fiscus and private agents alike because of the inevitability of controversy, especially for wicked policy problems.
- Full Text:
- Date Issued: 2016
An analysis of the impact of democratization on debt-led growth : the Nigerian experience, 1970-2000
- Authors: Dinneya, Godson Eze
- Date: 2013-05-22
- Subjects: Debts, External -- Nigeria Nigeria -- Politics and government -- 1960- Nigeria -- Economic policy Nigeria -- Economic conditions -- 1960-
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1074 , http://hdl.handle.net/10962/d1007807
- Description: The debt-for democracy hypothesis is that undemocratic governments were largely responsible for not only the accumulation but also poor management of externally sourced capital resources. External borrowing had therefore failed to lead to growth of the economies of debtor countries under undemocratic political leadership. Despite this explanation of the debt problem conventional empirical analyses of the debt-growth relationship did not include political institutional variables. This study investigates the relationship between democratization and debt-led growth, using Nigeria, a typical debtor country whose politics was dominated by 'undemocratic ' governance, as a case study. Two broad research questions are investigated namely, whether available data support a negative or positive contribution of debt to the growth of the Nigeria economy during the period 1970-2000; and ifso was there any link between the levels of democratization in Nigeria and debt-led growth. Using a census of major political events in Nigeria around four dimensions of democratization, four primary indices of democratization and one composite index were constructed for the period. Using the Taylor (1983) marginal conditions to gauge the contribution of external debt to the growth of the Nigerian economy, the study found that external debt is capable of playing a double edged sword on the performance of the economy. Positive contributions coincided with the periods when Nigeria's oil dominated foreign exchange revenues were robust, and/ or when debt management strategies were better articulated and vice versa. The analyses of the link between democratization and debt-led growth using both correlation and regression techniques, yielded different results in two definitional contexts of debt-led growth. When defined purely in terms of the Taylor marginal conditions for a positive contribution of debt to the economy of a borrowing nation, the results support the pessimist view that democratization impeded growth. On the contrary, when debt-led growth was defined in a broader sense to incorporate variables such as domestic savings and investment, foreign direct investments, public and private consumption and debt burden, there was strong evidence that debt-led growth performed beller at higher levels of democratization than other wise. The result using the narrow definition was found to be a direct consequence of the overriding influence of export performance in the Taylor conditions. With Nigeria's exports almost entirely dominated by extractive industry the result derived using the narrow definition confirmed the theoretical links between natural resource endowment and regime type on the one hand, and external capital and the nature of the host country 's industry on the other. In the first resource dependence allowed the political leadership to be more detached and less accountable to the electorate since they did not need to levy taxes. Secondly foreign investors concerned with security of their sunk investments in the extractive oil induslly in particular favoured continuity of powerfol regimes with less democratic content. In both findings one thing was common: democratization was associated more with those factors whose decreases affect growth positively than with those whose increases improve growth. The conclusion from this is that the impact of democratization is stronger with negative than with positive growth factors. In other words, while democratization may be supportive of growth its greater impact appears to be in limiting the factors that themselves limit growth. To benefit from the favourable impact of democratisation on debt-led growth therefore the study suggests that improvements in the democratisation process in Nigeria is needed It identifies political education as central to this improvement. A model is developed to show how improvements in the political institutional framework may trickle down, through an enabling environment that is capable of engendering growth-enhancing domestic and international responses to lead in the direction of debt-led growth.
- Full Text:
An analysis of the impact of democratization on debt-led growth : the Nigerian experience, 1970-2000
- Authors: Dinneya, Godson Eze
- Date: 2013-05-22
- Subjects: Debts, External -- Nigeria Nigeria -- Politics and government -- 1960- Nigeria -- Economic policy Nigeria -- Economic conditions -- 1960-
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1074 , http://hdl.handle.net/10962/d1007807
- Description: The debt-for democracy hypothesis is that undemocratic governments were largely responsible for not only the accumulation but also poor management of externally sourced capital resources. External borrowing had therefore failed to lead to growth of the economies of debtor countries under undemocratic political leadership. Despite this explanation of the debt problem conventional empirical analyses of the debt-growth relationship did not include political institutional variables. This study investigates the relationship between democratization and debt-led growth, using Nigeria, a typical debtor country whose politics was dominated by 'undemocratic ' governance, as a case study. Two broad research questions are investigated namely, whether available data support a negative or positive contribution of debt to the growth of the Nigeria economy during the period 1970-2000; and ifso was there any link between the levels of democratization in Nigeria and debt-led growth. Using a census of major political events in Nigeria around four dimensions of democratization, four primary indices of democratization and one composite index were constructed for the period. Using the Taylor (1983) marginal conditions to gauge the contribution of external debt to the growth of the Nigerian economy, the study found that external debt is capable of playing a double edged sword on the performance of the economy. Positive contributions coincided with the periods when Nigeria's oil dominated foreign exchange revenues were robust, and/ or when debt management strategies were better articulated and vice versa. The analyses of the link between democratization and debt-led growth using both correlation and regression techniques, yielded different results in two definitional contexts of debt-led growth. When defined purely in terms of the Taylor marginal conditions for a positive contribution of debt to the economy of a borrowing nation, the results support the pessimist view that democratization impeded growth. On the contrary, when debt-led growth was defined in a broader sense to incorporate variables such as domestic savings and investment, foreign direct investments, public and private consumption and debt burden, there was strong evidence that debt-led growth performed beller at higher levels of democratization than other wise. The result using the narrow definition was found to be a direct consequence of the overriding influence of export performance in the Taylor conditions. With Nigeria's exports almost entirely dominated by extractive industry the result derived using the narrow definition confirmed the theoretical links between natural resource endowment and regime type on the one hand, and external capital and the nature of the host country 's industry on the other. In the first resource dependence allowed the political leadership to be more detached and less accountable to the electorate since they did not need to levy taxes. Secondly foreign investors concerned with security of their sunk investments in the extractive oil induslly in particular favoured continuity of powerfol regimes with less democratic content. In both findings one thing was common: democratization was associated more with those factors whose decreases affect growth positively than with those whose increases improve growth. The conclusion from this is that the impact of democratization is stronger with negative than with positive growth factors. In other words, while democratization may be supportive of growth its greater impact appears to be in limiting the factors that themselves limit growth. To benefit from the favourable impact of democratisation on debt-led growth therefore the study suggests that improvements in the democratisation process in Nigeria is needed It identifies political education as central to this improvement. A model is developed to show how improvements in the political institutional framework may trickle down, through an enabling environment that is capable of engendering growth-enhancing domestic and international responses to lead in the direction of debt-led growth.
- Full Text:
A study of maximum and minimum operators with applications to piecewise linear payoff functions
- Authors: Seedat, Ebrahim
- Date: 2013
- Subjects: Options (Finance) Piecewise linear topology Geometry, Affine Riesz spaces Lattice theory Algebra, Boolean Pricing , Max and min operators
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:931 , http://hdl.handle.net/10962/d1001457
- Description: The payoff functions of contingent claims (options) of one variable are prominent in Financial Economics and thus assume a fundamental role in option pricing theory. Some of these payoff functions are continuous, piecewise-defined and linear or affine. Such option payoff functions can be analysed in a useful way when they are represented in additive, Boolean normal, graphical and linear form. The issue of converting such payoff functions expressed in the additive, linear or graphical form into an equivalent Boolean normal form, has been considered by several authors for more than half-a-century to better-understand the role of such functions. One aspect of our study is to unify the foregoing different forms of representation, by creating algorithms that convert a payoff function expressed in graphical form into Boolean normal form and then into the additive form and vice versa. Applications of these algorithms are considered in a general theoretical sense and also in the context of specific option contracts wherever relevant. The use of these algorithms have yielded easy computation of the area enclosed by the graph of various functions using min and max operators in several ways, which, in our opinion, are important in option pricing. To summarise, this study effectively dealt with maximum and minimum operators from several perspectives
- Full Text:
- Date Issued: 2013
- Authors: Seedat, Ebrahim
- Date: 2013
- Subjects: Options (Finance) Piecewise linear topology Geometry, Affine Riesz spaces Lattice theory Algebra, Boolean Pricing , Max and min operators
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:931 , http://hdl.handle.net/10962/d1001457
- Description: The payoff functions of contingent claims (options) of one variable are prominent in Financial Economics and thus assume a fundamental role in option pricing theory. Some of these payoff functions are continuous, piecewise-defined and linear or affine. Such option payoff functions can be analysed in a useful way when they are represented in additive, Boolean normal, graphical and linear form. The issue of converting such payoff functions expressed in the additive, linear or graphical form into an equivalent Boolean normal form, has been considered by several authors for more than half-a-century to better-understand the role of such functions. One aspect of our study is to unify the foregoing different forms of representation, by creating algorithms that convert a payoff function expressed in graphical form into Boolean normal form and then into the additive form and vice versa. Applications of these algorithms are considered in a general theoretical sense and also in the context of specific option contracts wherever relevant. The use of these algorithms have yielded easy computation of the area enclosed by the graph of various functions using min and max operators in several ways, which, in our opinion, are important in option pricing. To summarise, this study effectively dealt with maximum and minimum operators from several perspectives
- Full Text:
- Date Issued: 2013
An investigation into the impact of fairtrade in South Africa
- Authors: Jari, Bridget
- Date: 2012
- Subjects: Competition, Unfair -- Research -- South Africa Price maintenance -- Research -- South Africa Fair trade associations -- South Africa Sustainable development -- Africa, Southern
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1006 , http://hdl.handle.net/10962/d1002741
- Description: World international trade is moving towards more free trade, through globalization and trade liberalization. These moves are guided by trade theories which state that on an aggregated level, nations involved in free trade should benefit, and further that free trade is fair. However, in practice, contradictory views have been raised, stating that free trade may not necessarily be benefiting all participants equally. Rather, other nations, especially developing nations, have become worse-off after opening up their markets for free trade. On the other hand, many developed nations have benefited substantially from free trade. Among other factors, the difference in benefits is believed to have been influenced by the types of commodities being traded (where developing nations mainly trade in primary goods and developed nations in anufactured goods) and unequal power relations (some nations for example, the EU and the US, still adopt protectionism in their agricultural sector). In order to address market imbalances resulting from free trade, Fairtrade has arisen. Fairtrade aims to improve international trading conditions in order to benefit small-scale farmers and farm workers in the developing nations. The Fairtrade organization further claims that its principles are in line with sustainable development. However, Fairtrade suffers a credibility gap because there is a lack of independent research to support their claims. To date in South Africa, there is little research examining the claims of the Fairtrade organization. In order to contribute to the Fairtrade discussion in South Africa, this study has investigated the validity of Fairtrade‘s claims that it contributes towards sustainable development. The study utilised primary data, which was collected from ten commercial farms and two small-scale farmer cooperatives located in the Eastern Cape and Western Cape provinces that are/were Fairtrade certified. The main reason for including commercial farmers and small-scale farmer cooperatives in the study was for comparing relative impacts in the two Fairtrade structures. The data was then analysed using a sustainable livelihoods framework, which was developed in the study. The study focussed on investigating the impact of Fairtrade tools, which are minimum prices, premiums, pre-financing and support for long-term relationships, on its intended beneficiaries. Minimum prices offered to producers cover production costs and are above market prices, and Fairtrade premiums are to be invested in developmental projects. Therefore, examining the influence of Fairtrade tools on individuals and communities provides an overview of how Fairtrade influences development. The results of the study show that sampled Fairtrade beneficiaries in South Africa have witnessed substantial positive changes as a result of Fairtrade. The Fairtrade initiative has managed to empower small-scale producers and farm workers, as well as leverage development opportunities for their wider communities. It has supported organizational development in the supply chain, facilitated investment in community development projects and in business-related training. Producers, both commercial and small-scale producers, managed to access a market that offers stable prices, and have gained from minimum prices. Furthermore, small-scale farmers have been allowed an opportunity to expand their business into export markets, and enjoyed an increase in incomes. Fairtrade benefits further trickle down to non-Fairtrade community members, in the form of employment creation and community development. Despite positive effects, Fairtrade producers faced challenges, including high Fairtrade administration costs and a small market for Fairtrade commodities. The study concludes that in the face of challenges, Fairtrade brings economic, social and environmental benefits, but as compared to economic and social development, the impact on environmental development is rather limited. Even though that is the case, Fairtrade offers valuable development opportunities to producers in South Africa.
- Full Text:
- Date Issued: 2012
- Authors: Jari, Bridget
- Date: 2012
- Subjects: Competition, Unfair -- Research -- South Africa Price maintenance -- Research -- South Africa Fair trade associations -- South Africa Sustainable development -- Africa, Southern
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1006 , http://hdl.handle.net/10962/d1002741
- Description: World international trade is moving towards more free trade, through globalization and trade liberalization. These moves are guided by trade theories which state that on an aggregated level, nations involved in free trade should benefit, and further that free trade is fair. However, in practice, contradictory views have been raised, stating that free trade may not necessarily be benefiting all participants equally. Rather, other nations, especially developing nations, have become worse-off after opening up their markets for free trade. On the other hand, many developed nations have benefited substantially from free trade. Among other factors, the difference in benefits is believed to have been influenced by the types of commodities being traded (where developing nations mainly trade in primary goods and developed nations in anufactured goods) and unequal power relations (some nations for example, the EU and the US, still adopt protectionism in their agricultural sector). In order to address market imbalances resulting from free trade, Fairtrade has arisen. Fairtrade aims to improve international trading conditions in order to benefit small-scale farmers and farm workers in the developing nations. The Fairtrade organization further claims that its principles are in line with sustainable development. However, Fairtrade suffers a credibility gap because there is a lack of independent research to support their claims. To date in South Africa, there is little research examining the claims of the Fairtrade organization. In order to contribute to the Fairtrade discussion in South Africa, this study has investigated the validity of Fairtrade‘s claims that it contributes towards sustainable development. The study utilised primary data, which was collected from ten commercial farms and two small-scale farmer cooperatives located in the Eastern Cape and Western Cape provinces that are/were Fairtrade certified. The main reason for including commercial farmers and small-scale farmer cooperatives in the study was for comparing relative impacts in the two Fairtrade structures. The data was then analysed using a sustainable livelihoods framework, which was developed in the study. The study focussed on investigating the impact of Fairtrade tools, which are minimum prices, premiums, pre-financing and support for long-term relationships, on its intended beneficiaries. Minimum prices offered to producers cover production costs and are above market prices, and Fairtrade premiums are to be invested in developmental projects. Therefore, examining the influence of Fairtrade tools on individuals and communities provides an overview of how Fairtrade influences development. The results of the study show that sampled Fairtrade beneficiaries in South Africa have witnessed substantial positive changes as a result of Fairtrade. The Fairtrade initiative has managed to empower small-scale producers and farm workers, as well as leverage development opportunities for their wider communities. It has supported organizational development in the supply chain, facilitated investment in community development projects and in business-related training. Producers, both commercial and small-scale producers, managed to access a market that offers stable prices, and have gained from minimum prices. Furthermore, small-scale farmers have been allowed an opportunity to expand their business into export markets, and enjoyed an increase in incomes. Fairtrade benefits further trickle down to non-Fairtrade community members, in the form of employment creation and community development. Despite positive effects, Fairtrade producers faced challenges, including high Fairtrade administration costs and a small market for Fairtrade commodities. The study concludes that in the face of challenges, Fairtrade brings economic, social and environmental benefits, but as compared to economic and social development, the impact on environmental development is rather limited. Even though that is the case, Fairtrade offers valuable development opportunities to producers in South Africa.
- Full Text:
- Date Issued: 2012
The economics of converting a sheep farm into a springbuck (Antidorcas marsupialis) ranch in Graaff-Reinet: a simulation analysis
- Authors: Dlamini, Thula Sizwe
- Date: 2012
- Subjects: Livestock projects -- South Africa -- Eastern Cape Livestock productivity -- South Africa -- Eastern Cape Livestock -- Economic aspects -- South Africa -- Eastern Cape Sheep -- Breeding -- South Africa -- Eastern Cape Springbok -- Breeding -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1003 , http://hdl.handle.net/10962/d1002738
- Description: In Graaff-Reinet, domestic livestock farming and springbuck ranching are similar in that they both rely on the rangeland for their sustainability. However, as a consequence of repeated monotonous domestic livestock farming, resulting in compromised biological productivity and diversity, the rangelands have disintegrated. This, unfortunately, has placed the future sustainability of these rangelands and the livelihoods of the local people in an indeterminate state. In recent years, there has been an increasing interest in springbuck ranching for meat production as an alternative to domestic livestock farming in the area following (a) fears of worsening environmental challenges; (b) declining profitability in commercial domestic livestock farming and; (c) growing calls for the sustainable use of these rangelands for the benefit of future generations. The springbuck has emerged as a credible alternative to utilising the rangelands - as opposed to sheep - because of its promise to addressing the above challenges. This is in an attempt to tap into the multitude of benefits that the springbuck possesses (by virtue of being part of the natural capital of the area) that have a potential towards restoring ecological integrity by extenuating some of the detrimental effects of sheep farming on the rangelands and presenting opportunities for diversifying incomes. Yet, despite the general increase in interest, a resistance towards the uptake of springbuck ranching for meat production exists. The main contention is that springbuck meat production cannot out-perform the economic returns of wool sheep farming. This study attempts to address these concerns by investigating the profitability and economic sustainability of converting a sheep farm into a springbuck ranch in Graaff-Reinet. The study uses stochastic simulation to estimate the probability distribution of some key output variables, namely: net cash income, ending cash balance, real net worth and the net present value (NPV) in evaluating the profitability of converting a 5 000ha sheep-dominated farm into a springbuck-dominated ranch under three alternative scenarios. The use of stochastic simulation allows for the incorporation of downside risk associated with the production and marketing of wool, mutton and springbuck meat. The study uses stochastic prices and yields to calculate net returns variability. Incorporating scenario analysis helped to evaluate how alternative wool sheep-dominated and springbuck-dominated combinations would perform based on the probable outcomes of different assumptions in the various scenarios. By applying stochastic efficiency with respect to a function (SERF) criterion to the simulated NPVs, this study compares the profitability of alternative scenarios based on various risk aversion coefficients. The study finds that converting a 5 000ha wool sheep dominated farm into a springbuck dominated ranch could potentially be a more profitable investment than wool sheep farming over a 15 year planning horizon, in Graaff-Reinet. The SERF results indicate that for all scenarios tested, the best strategy of converting a wool sheep dominated farm into a springbuck ranch would be one which comprise a combination of 70% springbuck, 20% mutton and 10% wool production as the likely profitable enterprise mix. Using economic sustainability analysis, the study reveals that because of low costs in springbuck ranching, springbuck meat production enterprises are most likely to be more financially sustainable than wool sheep-dominated enterprises. This suggests that rangeland owners may be better off converting their wool sheep-dominated farms into springbuck-dominated ranches. Thus, as the call for more environmentally benign rangeland utilising economic-ecological systems intensifies, rangeland owners in the Eastern Cape Karoo have a practicable option. At the very least, there exists an option to broaden their incomes whilst promoting ecological restoration with springbuck meat production.
- Full Text:
- Date Issued: 2012
- Authors: Dlamini, Thula Sizwe
- Date: 2012
- Subjects: Livestock projects -- South Africa -- Eastern Cape Livestock productivity -- South Africa -- Eastern Cape Livestock -- Economic aspects -- South Africa -- Eastern Cape Sheep -- Breeding -- South Africa -- Eastern Cape Springbok -- Breeding -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1003 , http://hdl.handle.net/10962/d1002738
- Description: In Graaff-Reinet, domestic livestock farming and springbuck ranching are similar in that they both rely on the rangeland for their sustainability. However, as a consequence of repeated monotonous domestic livestock farming, resulting in compromised biological productivity and diversity, the rangelands have disintegrated. This, unfortunately, has placed the future sustainability of these rangelands and the livelihoods of the local people in an indeterminate state. In recent years, there has been an increasing interest in springbuck ranching for meat production as an alternative to domestic livestock farming in the area following (a) fears of worsening environmental challenges; (b) declining profitability in commercial domestic livestock farming and; (c) growing calls for the sustainable use of these rangelands for the benefit of future generations. The springbuck has emerged as a credible alternative to utilising the rangelands - as opposed to sheep - because of its promise to addressing the above challenges. This is in an attempt to tap into the multitude of benefits that the springbuck possesses (by virtue of being part of the natural capital of the area) that have a potential towards restoring ecological integrity by extenuating some of the detrimental effects of sheep farming on the rangelands and presenting opportunities for diversifying incomes. Yet, despite the general increase in interest, a resistance towards the uptake of springbuck ranching for meat production exists. The main contention is that springbuck meat production cannot out-perform the economic returns of wool sheep farming. This study attempts to address these concerns by investigating the profitability and economic sustainability of converting a sheep farm into a springbuck ranch in Graaff-Reinet. The study uses stochastic simulation to estimate the probability distribution of some key output variables, namely: net cash income, ending cash balance, real net worth and the net present value (NPV) in evaluating the profitability of converting a 5 000ha sheep-dominated farm into a springbuck-dominated ranch under three alternative scenarios. The use of stochastic simulation allows for the incorporation of downside risk associated with the production and marketing of wool, mutton and springbuck meat. The study uses stochastic prices and yields to calculate net returns variability. Incorporating scenario analysis helped to evaluate how alternative wool sheep-dominated and springbuck-dominated combinations would perform based on the probable outcomes of different assumptions in the various scenarios. By applying stochastic efficiency with respect to a function (SERF) criterion to the simulated NPVs, this study compares the profitability of alternative scenarios based on various risk aversion coefficients. The study finds that converting a 5 000ha wool sheep dominated farm into a springbuck dominated ranch could potentially be a more profitable investment than wool sheep farming over a 15 year planning horizon, in Graaff-Reinet. The SERF results indicate that for all scenarios tested, the best strategy of converting a wool sheep dominated farm into a springbuck ranch would be one which comprise a combination of 70% springbuck, 20% mutton and 10% wool production as the likely profitable enterprise mix. Using economic sustainability analysis, the study reveals that because of low costs in springbuck ranching, springbuck meat production enterprises are most likely to be more financially sustainable than wool sheep-dominated enterprises. This suggests that rangeland owners may be better off converting their wool sheep-dominated farms into springbuck-dominated ranches. Thus, as the call for more environmentally benign rangeland utilising economic-ecological systems intensifies, rangeland owners in the Eastern Cape Karoo have a practicable option. At the very least, there exists an option to broaden their incomes whilst promoting ecological restoration with springbuck meat production.
- Full Text:
- Date Issued: 2012
The feasibility of monetary integration within the SADC region
- Authors: Nindi, Angelique Gugulethu
- Date: 2012
- Subjects: Southern African Development Community Monetary policy -- Africa, Southern Macroeconomics Africa, Southern -- Economic policy
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1021 , http://hdl.handle.net/10962/d1002756
- Description: The Southern African Development Community (SADC) aims to have a regional central bank by 2016 and a common currency by 2018. The member states are at the early stages of the process of regional economic integration, having launched a free trade area in 2008. Monetary integration is an advanced stage of regional economic integration that requires progressive changes in the participating countries. The purpose of this study is to determine the feasibility of monetary integration within the SADC countries and hence, provide policy recommendations to guide the integration process. To accomplish this, the study analyses the extent to which the member states meet the criteria for an optimum currency area (OCA) as well as the degree to which their economies are converging. The study finds that the main macroeconomic objectives of SADC countries differ due to a difference in the relative importance of monetary policy instruments in member states, which influences each country’s commitment towards achieving the macroeconomic convergence targets and harmonising policies. A more appropriate approach to macroeconomic convergence would be to allow for variable speed, geometry and depth in each country as premature adherence to convergence targets could prevent a harmonisation of the economies in the future and possibly destabilise the union. In addition, the study investigates the importance and similarities of the monetary aggregate channel, the interest rate channel, the exchange rate channel and the credit channel in the transmission of monetary policy using VAR analysis. This is important when considering monetary integration because differences in transmission mechanisms can result in asymmetric behaviour between member states, which in turn will prevent harmonisation of their economies. The results of the analysis suggest that SADC member states display asymmetries in their responses to monetary policy shocks as well as the relative importance of transmission mechanisms. In addition, the results suggest that national monetary policy is generally inefficient in determining economic performance in the member states. Furthermore, the study finds that the failure to meet the OCA criteria implies that the SADC member states will respond asymmetrically to shocks within a monetary union. With no effective alternative adjustment mechanisms in place, the effects of the shocks will endure in union members and possibly widen existing cyclical variation. Hence, monetary integration would not result in harmonisation of the economies of member states. It is therefore, concluded that the SADC countries were not suitable for monetary integration at present.
- Full Text:
- Date Issued: 2012
- Authors: Nindi, Angelique Gugulethu
- Date: 2012
- Subjects: Southern African Development Community Monetary policy -- Africa, Southern Macroeconomics Africa, Southern -- Economic policy
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1021 , http://hdl.handle.net/10962/d1002756
- Description: The Southern African Development Community (SADC) aims to have a regional central bank by 2016 and a common currency by 2018. The member states are at the early stages of the process of regional economic integration, having launched a free trade area in 2008. Monetary integration is an advanced stage of regional economic integration that requires progressive changes in the participating countries. The purpose of this study is to determine the feasibility of monetary integration within the SADC countries and hence, provide policy recommendations to guide the integration process. To accomplish this, the study analyses the extent to which the member states meet the criteria for an optimum currency area (OCA) as well as the degree to which their economies are converging. The study finds that the main macroeconomic objectives of SADC countries differ due to a difference in the relative importance of monetary policy instruments in member states, which influences each country’s commitment towards achieving the macroeconomic convergence targets and harmonising policies. A more appropriate approach to macroeconomic convergence would be to allow for variable speed, geometry and depth in each country as premature adherence to convergence targets could prevent a harmonisation of the economies in the future and possibly destabilise the union. In addition, the study investigates the importance and similarities of the monetary aggregate channel, the interest rate channel, the exchange rate channel and the credit channel in the transmission of monetary policy using VAR analysis. This is important when considering monetary integration because differences in transmission mechanisms can result in asymmetric behaviour between member states, which in turn will prevent harmonisation of their economies. The results of the analysis suggest that SADC member states display asymmetries in their responses to monetary policy shocks as well as the relative importance of transmission mechanisms. In addition, the results suggest that national monetary policy is generally inefficient in determining economic performance in the member states. Furthermore, the study finds that the failure to meet the OCA criteria implies that the SADC member states will respond asymmetrically to shocks within a monetary union. With no effective alternative adjustment mechanisms in place, the effects of the shocks will endure in union members and possibly widen existing cyclical variation. Hence, monetary integration would not result in harmonisation of the economies of member states. It is therefore, concluded that the SADC countries were not suitable for monetary integration at present.
- Full Text:
- Date Issued: 2012
The existence of the value premium on the Johannesburg Stock Exchange from 1972 to 2001 and extrapolation as explanation
- Authors: Beukes, Anna
- Date: 2011
- Subjects: Johannesburg Stock Exchange Stocks -- Prices -- South Africa Rational expectations (Economic theory) Investments -- Psychological aspects
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:977 , http://hdl.handle.net/10962/d1002711
- Description: This study investigates the existence of the value premium in South Africa’s equity market, and tests extrapolation as a possible explanation for it. The value premium refers to the widely reported superior performance of share price returns of value companies compared to growth companies. The value premium represents an anomaly in mainstream rational finance theory, because it should not persist, unless it could be explained as the result of some composite form of risk. What is highly vexing is the fact that the value premium not only persists in most financial markets over a long period, but that the risk explanation cannot be upheld convincingly. This contributed to the rise of behavioral finance, an approach which introduces psychological factors to provide new explanations for financial phenomena. The behavioral finance explanation for the value premium observation is extrapolation (the tendency to project recent experience too far into the future). This study applies propositions and methods from behavioral finance to investigate the South African equity market. The existence of a value premium in South Africa was investigated by using twenty-nine years’ worth of accounting and share price data. The study employed one- and two-dimensional tests for portfolio formation, and tracked share price returns for up to five years after portfolio formation. The results indicated that a statistically and economically significant value premium existed in South Africa for the period between 1972 and 2001. Extrapolation as a potential explanation for the value premium observation was investigated by applying internationally used methods. Extrapolation was found to provide a robust explanation for the South African value premium.
- Full Text:
- Date Issued: 2011
- Authors: Beukes, Anna
- Date: 2011
- Subjects: Johannesburg Stock Exchange Stocks -- Prices -- South Africa Rational expectations (Economic theory) Investments -- Psychological aspects
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:977 , http://hdl.handle.net/10962/d1002711
- Description: This study investigates the existence of the value premium in South Africa’s equity market, and tests extrapolation as a possible explanation for it. The value premium refers to the widely reported superior performance of share price returns of value companies compared to growth companies. The value premium represents an anomaly in mainstream rational finance theory, because it should not persist, unless it could be explained as the result of some composite form of risk. What is highly vexing is the fact that the value premium not only persists in most financial markets over a long period, but that the risk explanation cannot be upheld convincingly. This contributed to the rise of behavioral finance, an approach which introduces psychological factors to provide new explanations for financial phenomena. The behavioral finance explanation for the value premium observation is extrapolation (the tendency to project recent experience too far into the future). This study applies propositions and methods from behavioral finance to investigate the South African equity market. The existence of a value premium in South Africa was investigated by using twenty-nine years’ worth of accounting and share price data. The study employed one- and two-dimensional tests for portfolio formation, and tracked share price returns for up to five years after portfolio formation. The results indicated that a statistically and economically significant value premium existed in South Africa for the period between 1972 and 2001. Extrapolation as a potential explanation for the value premium observation was investigated by applying internationally used methods. Extrapolation was found to provide a robust explanation for the South African value premium.
- Full Text:
- Date Issued: 2011
The economic valuation of cultural events in developing countries: combining market and non-market valuation techniques at the South African National Arts Festival
- Authors: Snowball, Jeanette Dalziel
- Date: 2006
- Subjects: Standard Bank National Arts Festival -- Economic aspects , Performing arts festivals -- Economic aspects -- South Africa -- Grahamstown , Arts -- South Africa -- Economic aspects , Finance -- South Africa , Arts -- South Africa -- Finance , Arts -- South Africa -- Political aspects , Finance, Public -- South Africa , South Africa -- Politics and government -- 1994-
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:969 , http://hdl.handle.net/10962/d1002703 , Standard Bank National Arts Festival -- Economic aspects , Performing arts festivals -- Economic aspects -- South Africa -- Grahamstown , Arts -- South Africa -- Economic aspects , Finance -- South Africa , Arts -- South Africa -- Finance , Arts -- South Africa -- Political aspects , Finance, Public -- South Africa , South Africa -- Politics and government -- 1994-
- Description: The arts in many countries, but particularly in developing ones, are coming under increasing financial pressure and finding it difficult to justify the increases in government funding needed to maintain and grow the cultural sector. The trend in cultural economics, as well as in other areas, appears to be towards including qualitative valuations, as well as the more traditional quantitative ones. This thesis argues that the value of cultural events should include long term historical qualitative analysis, financial or economic impact and a valuation of the positive externalities provided by cultural events and that any one of these should only be regarded as a partial analysis. Four methods of valuing the arts using the South African National Arts Festival (NAF) as an example are demonstrated. Firstly, a qualitative historical analysis of the role of the NAF in South Africa’s transformation process from Apartheid to the democratic New South Africa is examined, using theories of cultural capital as a theoretical basis. It is argued that the value of cultural events needs to take into account long-term influences especially in countries undergoing political and social transformation. The second valuation method applied is the traditional economic impact study. Four economic impact studies conducted on the NAF are discussed and methodologies compared. It is concluded that, despite the skepticism of many cultural economists, the method can provide a useful partial valuation and may also be used for effective lobbying for government support of the arts. Chapter four discusses willingness to pay studies conducted at the NAF in 2000 and 2003 (as well as a pilot study conducted at the Klein Karoo Nationale Kunstefees). It is found that lower income and education groups do benefit from the positive externalities provided by the Festival and that this is reflected in their willingness to pay to support it. It is also argued that such contingent valuation studies can provide a reasonably reliable valuation of Festival externalities, but that they may be partly capturing current or future expected financial gains as well. Finally, the relatively new choice experiment methodology (also called conjoint analysis) is demonstrated on visitors to the NAF. The great advantage of this method in valuing cultural events is that it provides part-worths of various Festival attributes for different demographic groups. This enables organizes to structure the programme in such a way as to attract previously excluded groups and to conduct a cost-benefit analysis for each part of the Festival.
- Full Text:
- Date Issued: 2006
- Authors: Snowball, Jeanette Dalziel
- Date: 2006
- Subjects: Standard Bank National Arts Festival -- Economic aspects , Performing arts festivals -- Economic aspects -- South Africa -- Grahamstown , Arts -- South Africa -- Economic aspects , Finance -- South Africa , Arts -- South Africa -- Finance , Arts -- South Africa -- Political aspects , Finance, Public -- South Africa , South Africa -- Politics and government -- 1994-
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:969 , http://hdl.handle.net/10962/d1002703 , Standard Bank National Arts Festival -- Economic aspects , Performing arts festivals -- Economic aspects -- South Africa -- Grahamstown , Arts -- South Africa -- Economic aspects , Finance -- South Africa , Arts -- South Africa -- Finance , Arts -- South Africa -- Political aspects , Finance, Public -- South Africa , South Africa -- Politics and government -- 1994-
- Description: The arts in many countries, but particularly in developing ones, are coming under increasing financial pressure and finding it difficult to justify the increases in government funding needed to maintain and grow the cultural sector. The trend in cultural economics, as well as in other areas, appears to be towards including qualitative valuations, as well as the more traditional quantitative ones. This thesis argues that the value of cultural events should include long term historical qualitative analysis, financial or economic impact and a valuation of the positive externalities provided by cultural events and that any one of these should only be regarded as a partial analysis. Four methods of valuing the arts using the South African National Arts Festival (NAF) as an example are demonstrated. Firstly, a qualitative historical analysis of the role of the NAF in South Africa’s transformation process from Apartheid to the democratic New South Africa is examined, using theories of cultural capital as a theoretical basis. It is argued that the value of cultural events needs to take into account long-term influences especially in countries undergoing political and social transformation. The second valuation method applied is the traditional economic impact study. Four economic impact studies conducted on the NAF are discussed and methodologies compared. It is concluded that, despite the skepticism of many cultural economists, the method can provide a useful partial valuation and may also be used for effective lobbying for government support of the arts. Chapter four discusses willingness to pay studies conducted at the NAF in 2000 and 2003 (as well as a pilot study conducted at the Klein Karoo Nationale Kunstefees). It is found that lower income and education groups do benefit from the positive externalities provided by the Festival and that this is reflected in their willingness to pay to support it. It is also argued that such contingent valuation studies can provide a reasonably reliable valuation of Festival externalities, but that they may be partly capturing current or future expected financial gains as well. Finally, the relatively new choice experiment methodology (also called conjoint analysis) is demonstrated on visitors to the NAF. The great advantage of this method in valuing cultural events is that it provides part-worths of various Festival attributes for different demographic groups. This enables organizes to structure the programme in such a way as to attract previously excluded groups and to conduct a cost-benefit analysis for each part of the Festival.
- Full Text:
- Date Issued: 2006
Fishing rights, redistribution and policy : the South African commercial T.A.C. fisheries
- Authors: Mather, Diarmid John
- Date: 2005
- Subjects: Fisheries -- South Africa Fish trade -- South Africa Fishery law and legislation -- South Africa Fishery policy -- South Africa Fishery management -- South Africa
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1061 , http://hdl.handle.net/10962/d1007531
- Description: The main objective of this thesis is to provide an analysis of the economic logic behind fisheries policy and redistribution in South African. An examination of the institutional and organizational evolution reveals that South African fisheries policy followed the world trend in the movement toward quota management systems. However, it is argued that due to the peculiarities of the Apartheid political system, South Africa developed a unique and persistent structure of individual fishing rights that resulted in a transfer of power from the fisher to monopsonistic, and subsequently vertically integrated, fish processing companies. Problems, however, arose with the need to redistribute fishing rights to previously repressed racial groups. It is proposed that, within a specific form (TAC), the structure of individual fishing rights can be decomposed into four operational rules, namely, the right of participation, asset size, tradability and duration of term. Policy design is restricted to a feasible set of rules that impact on the flexibility of the system, the incentives facing private fishing companies and fishers, the efficiency of the fisheries management plan and finally the effect it has on a redistribution strategy. Within this analytical framework, South Africa's policy yields a very flexible system favourable to monopsonistic industrial organisation. However, by adding a redistribution constraint, this structure has a number of important effects. First, as new quota holders are added the information costs for effective fisheries management increase exponentially. Second, the transaction costs to private fishing companies are increased. Third, only the resource rent is redistributed (weak redistribution). Next, the micro to small vessel fisheries, the medium vessel fisheries and the large vessel fisheries are examined separately. The major aim is to determine, within the available data, the effect that a weak redistribution policy (redistribution of the resource rent), has on strong redistribution (redistribution of fishing capital and skills). The evidence definitely supports the analytical framework and suggests that fundamentally the structure of individual fishing rights, which evolved in response to a monopsonistic industrial organisation during the apartheid era in South Africa, works against strong redistribution. Also, that different fisheries face different constraints and that these should in certain instances be treated separately.
- Full Text:
- Date Issued: 2005
- Authors: Mather, Diarmid John
- Date: 2005
- Subjects: Fisheries -- South Africa Fish trade -- South Africa Fishery law and legislation -- South Africa Fishery policy -- South Africa Fishery management -- South Africa
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1061 , http://hdl.handle.net/10962/d1007531
- Description: The main objective of this thesis is to provide an analysis of the economic logic behind fisheries policy and redistribution in South African. An examination of the institutional and organizational evolution reveals that South African fisheries policy followed the world trend in the movement toward quota management systems. However, it is argued that due to the peculiarities of the Apartheid political system, South Africa developed a unique and persistent structure of individual fishing rights that resulted in a transfer of power from the fisher to monopsonistic, and subsequently vertically integrated, fish processing companies. Problems, however, arose with the need to redistribute fishing rights to previously repressed racial groups. It is proposed that, within a specific form (TAC), the structure of individual fishing rights can be decomposed into four operational rules, namely, the right of participation, asset size, tradability and duration of term. Policy design is restricted to a feasible set of rules that impact on the flexibility of the system, the incentives facing private fishing companies and fishers, the efficiency of the fisheries management plan and finally the effect it has on a redistribution strategy. Within this analytical framework, South Africa's policy yields a very flexible system favourable to monopsonistic industrial organisation. However, by adding a redistribution constraint, this structure has a number of important effects. First, as new quota holders are added the information costs for effective fisheries management increase exponentially. Second, the transaction costs to private fishing companies are increased. Third, only the resource rent is redistributed (weak redistribution). Next, the micro to small vessel fisheries, the medium vessel fisheries and the large vessel fisheries are examined separately. The major aim is to determine, within the available data, the effect that a weak redistribution policy (redistribution of the resource rent), has on strong redistribution (redistribution of fishing capital and skills). The evidence definitely supports the analytical framework and suggests that fundamentally the structure of individual fishing rights, which evolved in response to a monopsonistic industrial organisation during the apartheid era in South Africa, works against strong redistribution. Also, that different fisheries face different constraints and that these should in certain instances be treated separately.
- Full Text:
- Date Issued: 2005
The nature and potential of industrial development within the Southern African Development Community (SADC) and the facilitating role of trade liberalisation and foreign direct investment in selected countries
- Authors: Mutambara, Tsitsi Effie
- Date: 2005
- Subjects: Southern African Development Community Investments, Foreign -- Africa, Southern Free trade -- Africa, Southern Economic development -- Africa, Southern Industrialization -- Africa, Southern Industrial policy -- Africa, Southern Africa, Southern -- Economic policy
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1071 , http://hdl.handle.net/10962/d1007732
- Description: To date the SADC region has managed to develop a manufacturing base but this base is still small as evidenced by its low contribution to GDP. For example, only three out of the fourteen SADC countries, viz. Mauritius, South Africa and Swaziland, had over 20 percent of their GDP originating from the manufacturing sector throughout the 1990s. Also to note is that while the manufacturing sector is quite diversified, the sector is dominated by industrial processes which are more of resource and labour-intensive in nature than those processes of scale-intensive, differentiated and science based in nature. TIle trade performance of the manufacturing sector supports these observations and as such the region is heavily dependent on imports for scale-intensive, differentiated and science based commodities. However, despite the fact that the region tends to focus more on resource- and labour-intensive manufacturing activities, products from these manufacturing activities are still significant components of manufactured goods imports into the region. Also to note is that since resource- and labour-intensive industries dominate manufacturing activities; these are the areas in which investment opportunities abound. For example, agro-based manufacturing presents most of the investment opportunities, with food processing presenting the majority of the investment opportunities followed by garments and textiles production. Mineral processing also presents significant investment opportunities. The analyses of the nature of the manufacturing sector also show that in a few SADC countries, viz. Mauritius, South Africa and Zimbabwe; scale-intensive, differentiated and science based industries also form a significant component of the industrial base implying more technologically complex manufacturing sectors. Since high technology and technologically complex manufacturing activities are limited, investment opportunities in these manufacturing sub-sectors are also limited to just a few countries However, with the SADC ITA in place, opportunities could arise for these limited technology-related manufacturing facilities to expand or engage in import substitution production so as to meet the demands of the growing regional market. It is also important to note that, while the region may not have as competitive advantage in these industries as in the resource- and labour-intensive industries, there is a need for the region to selectively identify and target such industries for priority development, a lesson SADC could learn from the East Asian NIC's took in their industrialisation strategy. The study also shows that the manufacturing sector has been a priority sector for both domestic and foreign investors. This has implications for industrial development because a strong and dynamic manufacturing sector would be developed, forming a sound basis for industrialisation as well as being able to effectively link and support all the other sectors of the economy. FDI could help the region to fully utilise the labour-intensive industries and use them as a stepping-stone to higher levels of industrial development. This is a lesson to SADC from the experiences of the East Asian NICs where while industrialisation was initiated by labour-intensive manufacturing, the countries were able to move into capital-intensive manufacturing due to FDI as it enabled the establishment of the industrial bases, thus leading to a rise in the share of manufactured exports. FDI could also help to develop the resource-intensive industries further by promoting further processing of raw materials into products of more value, thus propelling industrialisation through a resource-led industrial development programme as the current resource-intensive industries become fully utilised. The raw materials which occur in great abundance in the region's primary sector would have a ready market in the manufacturing sector where they would serve as inputs to the production of high value products. The currently smaller industrial base for scale-intensive products, differentiated and science-based manufactured products would benefit from the improved technological capabilities and managerial skills that result from FDI. Therefore, by impacting positively on manufacturing activities of both low and high MVA, FDI would thus have a facilitating role in establishing a more solid industrial base, broadening the current manufacturing base, and improving installed capacity utilisation. The study also shows that investment in productive capacity in the form of machinery and equipment is of great importance in the sampled SADC countries. Investment towards the acquisition of this capital is very important as this is directly relevant towards improving productive capacity. FDI could thus play a facilitating role by augmenting the current domestic investment in machinery and equipment. While the manufacturing sector within the region is still small and the current utilisation of installed industrial capacity is low, there is potential for further industrial growth. The current process to usher in the SADC Free Trade Area would have a facilitating role through various ways: viz. increasing the market size and enabling easier access through the reduction of tariff and non-tariff barriers, promoting regional competitiveness, improved utilisation of regional corridors, increasing opportunities for utilising identified intra-industry trade potentials, and providing opportunities for increased regional cross-border investment. Apart from the SADC FTA, the USA African Growth and Opportunity Act (AGOA) and the Cotonou Agreement will also motivate the identification and utilisation of existing and new potentials within the manufacturing sector in SADC. In order to improve the current nature of industries in the region, there is also a need to design and implement appropriate industrial policies and strategies. Such policies should consider the region's trade policies and the recently launched Regional Indicative Strategic Development Plan (RISDP) so as to complement them. The industrial policies should also address issues relating to industrial investment, technology and local technological capabilities development, human resources development, the structure and nature of industry, the competitiveness of industries, as well as facilitating the complementarities between the agricultural and manufacturing sectors. To this end therefore, instead of relying solely on individual national industrial policies, SADC is in the process of formulating a regional industrial policy and strategies which seek to promote and support sustainable industrial growth across the region, thus facilitating industrial development.
- Full Text:
- Date Issued: 2005
- Authors: Mutambara, Tsitsi Effie
- Date: 2005
- Subjects: Southern African Development Community Investments, Foreign -- Africa, Southern Free trade -- Africa, Southern Economic development -- Africa, Southern Industrialization -- Africa, Southern Industrial policy -- Africa, Southern Africa, Southern -- Economic policy
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1071 , http://hdl.handle.net/10962/d1007732
- Description: To date the SADC region has managed to develop a manufacturing base but this base is still small as evidenced by its low contribution to GDP. For example, only three out of the fourteen SADC countries, viz. Mauritius, South Africa and Swaziland, had over 20 percent of their GDP originating from the manufacturing sector throughout the 1990s. Also to note is that while the manufacturing sector is quite diversified, the sector is dominated by industrial processes which are more of resource and labour-intensive in nature than those processes of scale-intensive, differentiated and science based in nature. TIle trade performance of the manufacturing sector supports these observations and as such the region is heavily dependent on imports for scale-intensive, differentiated and science based commodities. However, despite the fact that the region tends to focus more on resource- and labour-intensive manufacturing activities, products from these manufacturing activities are still significant components of manufactured goods imports into the region. Also to note is that since resource- and labour-intensive industries dominate manufacturing activities; these are the areas in which investment opportunities abound. For example, agro-based manufacturing presents most of the investment opportunities, with food processing presenting the majority of the investment opportunities followed by garments and textiles production. Mineral processing also presents significant investment opportunities. The analyses of the nature of the manufacturing sector also show that in a few SADC countries, viz. Mauritius, South Africa and Zimbabwe; scale-intensive, differentiated and science based industries also form a significant component of the industrial base implying more technologically complex manufacturing sectors. Since high technology and technologically complex manufacturing activities are limited, investment opportunities in these manufacturing sub-sectors are also limited to just a few countries However, with the SADC ITA in place, opportunities could arise for these limited technology-related manufacturing facilities to expand or engage in import substitution production so as to meet the demands of the growing regional market. It is also important to note that, while the region may not have as competitive advantage in these industries as in the resource- and labour-intensive industries, there is a need for the region to selectively identify and target such industries for priority development, a lesson SADC could learn from the East Asian NIC's took in their industrialisation strategy. The study also shows that the manufacturing sector has been a priority sector for both domestic and foreign investors. This has implications for industrial development because a strong and dynamic manufacturing sector would be developed, forming a sound basis for industrialisation as well as being able to effectively link and support all the other sectors of the economy. FDI could help the region to fully utilise the labour-intensive industries and use them as a stepping-stone to higher levels of industrial development. This is a lesson to SADC from the experiences of the East Asian NICs where while industrialisation was initiated by labour-intensive manufacturing, the countries were able to move into capital-intensive manufacturing due to FDI as it enabled the establishment of the industrial bases, thus leading to a rise in the share of manufactured exports. FDI could also help to develop the resource-intensive industries further by promoting further processing of raw materials into products of more value, thus propelling industrialisation through a resource-led industrial development programme as the current resource-intensive industries become fully utilised. The raw materials which occur in great abundance in the region's primary sector would have a ready market in the manufacturing sector where they would serve as inputs to the production of high value products. The currently smaller industrial base for scale-intensive products, differentiated and science-based manufactured products would benefit from the improved technological capabilities and managerial skills that result from FDI. Therefore, by impacting positively on manufacturing activities of both low and high MVA, FDI would thus have a facilitating role in establishing a more solid industrial base, broadening the current manufacturing base, and improving installed capacity utilisation. The study also shows that investment in productive capacity in the form of machinery and equipment is of great importance in the sampled SADC countries. Investment towards the acquisition of this capital is very important as this is directly relevant towards improving productive capacity. FDI could thus play a facilitating role by augmenting the current domestic investment in machinery and equipment. While the manufacturing sector within the region is still small and the current utilisation of installed industrial capacity is low, there is potential for further industrial growth. The current process to usher in the SADC Free Trade Area would have a facilitating role through various ways: viz. increasing the market size and enabling easier access through the reduction of tariff and non-tariff barriers, promoting regional competitiveness, improved utilisation of regional corridors, increasing opportunities for utilising identified intra-industry trade potentials, and providing opportunities for increased regional cross-border investment. Apart from the SADC FTA, the USA African Growth and Opportunity Act (AGOA) and the Cotonou Agreement will also motivate the identification and utilisation of existing and new potentials within the manufacturing sector in SADC. In order to improve the current nature of industries in the region, there is also a need to design and implement appropriate industrial policies and strategies. Such policies should consider the region's trade policies and the recently launched Regional Indicative Strategic Development Plan (RISDP) so as to complement them. The industrial policies should also address issues relating to industrial investment, technology and local technological capabilities development, human resources development, the structure and nature of industry, the competitiveness of industries, as well as facilitating the complementarities between the agricultural and manufacturing sectors. To this end therefore, instead of relying solely on individual national industrial policies, SADC is in the process of formulating a regional industrial policy and strategies which seek to promote and support sustainable industrial growth across the region, thus facilitating industrial development.
- Full Text:
- Date Issued: 2005
Investering : die problematiek van investering-besluitneming vir die privaatsektor in die vervaardigingsbedryf in die Grens, Ciskei en Transkei
- Authors: O'Neill, Richard Charles
- Date: 1987
- Subjects: Investments -- South Africa -- Ciskei , Investments -- South Africa -- Transkei
- Language: Afrikaans
- Type: Thesis , Doctoral , PhD
- Identifier: vital:924 , http://hdl.handle.net/10962/d1001450
- Description: Die langtermynaard van 'n investering noop die voornemende investeerder om meer omsigtig te beplan as in die geval van 'n belegging wat gewoonlik oor 'n korter termyn strek. Die voornemende investeerder moet besef dat 'n investeringsbesluit nie in isolasie van eksterne faktore geneem kan word nie. Dit is daarom raadsaam dat die voornemende investeerder hom deeglik van die makro- en mikro ekonomiese milieu waarbinne die investering beoog word, sal vergewis. Ten einde die kompleksiteit van investeringsbesluitneming op te helder, word daareerstens in hoofstuk 1 op die begrip van investering gekonsentreer. Voorts word die beginsel dat die investeringsbesluit nie in isolasie geneem kan word nie, beklemtoon. In hierdie opsig word daar veral na die determinante van investering gekyk. In makro-ekonomiese verband word die gedagte sterk beklemtoon dat investering nodig is om kapitaalvorming te laat plaasvind wat op sy beurt een van die vereistes is om ontwikkeling te bevorder. As gevolg van meningsverskille ten opsigte van die invloed van investering in ontwikkelde teenoor ontwikkelende lande is daar gevolglik aandag aan enkele ekonomiese groeimodelle gegee. Gesien uit die oogpunt van die daarstelling van 'n konsessiepakket om streeksekonomiese ontwikkeling te stimuleer, is die huidige konsessiepakket met die determinante van investering vergelyk. Daardeur word die kwessie aangeraak of die konsessiepakket weI die teoretiese determinante van investering in ag geneem het. Die belangrike vraag of die nyweraars self met die konsessiepakket tevrede is, word in die empiriese studie behandel. Die langtermynaard van 'n investering sal die weldeurdagte investeerder dwing om 'n verdere determinant, naamlik die land as risikofaktor deeglik in ag te neem. Met hierdie veronderstelling word daar in hoofstuk 2 na die land waar die investering oorweeg sal word, naamlik Suid-Afrika gekyk. Daar word veral aan die ekonomiese ontwikkeling van Suid-Afrika aandag gegee. In hierdie opsig word die ongelyke verdeling van inkome wat gedurende die jare al hoe meer beklemtoon is, bespreek en word daar na owerheidspogings gekyk om die probleem op streeksvlak teen te werk. Hierdie owerheidspogings konsentreer helaas op die daarstelling van 'n streeksekonomiese beleid wat moes meehelp om die geografiese verskille in die verdeling van inkome teen te werk. Die streeksekonomiese beleid het gestalte gekry in die vorm van 'n konsessiepakket wat dan ook in hierdie hoofstuk bespreek word. Aangesien die konsessiepakket daarop ingestel was om nyweraars na gedesentraliseerde gebiede te lok, is dit 'n voorwaarde vir die sukses van streeksekonomiese beleid dat nyweraars wat gedesentraliseer het met die konsessiepakket tevrede moet wees. Die navorsingsmetodiek wat gevolg is om hierdie vraag te probeer beantwoord word in hoofstuk 3 bespreek. Daar word in hierdie hoofstuk na die onderwerp, die hipotese, die vraelys en die beantwoordingsmetode gekyk. Hierdie hoofstuk dien dus as 'n skakel tussen die eerste twee hoofstukke wat hoofsaaklik oor die normatiewe en teoretiese aspekte van investering gehandel het en hoofstuk 4 wat die navorsingsresultate oftewel die werklikheid verteenwoordig. Die hipotese dat gedesentraliseerde nywerhede nie met die konsessiepakket tevrede is nie, word in hoofstuk 4 met die navorsingsresultate vergelyk en daar word ook na die verskille wat tussen die Grens, Ciskei en Transkei voorgekom het, gekyk. Die beleidsimplikasies van die navorsingsresultate sowel as In samevatting van die verhandeling word in hoofstuk 5 behandel terwyl daar ook na die implikasies ten opsigte van die huidige debat in die ontwikkelingsekonomie gekyk word (Introduction, p. ix-xi)
- Full Text:
- Date Issued: 1987
- Authors: O'Neill, Richard Charles
- Date: 1987
- Subjects: Investments -- South Africa -- Ciskei , Investments -- South Africa -- Transkei
- Language: Afrikaans
- Type: Thesis , Doctoral , PhD
- Identifier: vital:924 , http://hdl.handle.net/10962/d1001450
- Description: Die langtermynaard van 'n investering noop die voornemende investeerder om meer omsigtig te beplan as in die geval van 'n belegging wat gewoonlik oor 'n korter termyn strek. Die voornemende investeerder moet besef dat 'n investeringsbesluit nie in isolasie van eksterne faktore geneem kan word nie. Dit is daarom raadsaam dat die voornemende investeerder hom deeglik van die makro- en mikro ekonomiese milieu waarbinne die investering beoog word, sal vergewis. Ten einde die kompleksiteit van investeringsbesluitneming op te helder, word daareerstens in hoofstuk 1 op die begrip van investering gekonsentreer. Voorts word die beginsel dat die investeringsbesluit nie in isolasie geneem kan word nie, beklemtoon. In hierdie opsig word daar veral na die determinante van investering gekyk. In makro-ekonomiese verband word die gedagte sterk beklemtoon dat investering nodig is om kapitaalvorming te laat plaasvind wat op sy beurt een van die vereistes is om ontwikkeling te bevorder. As gevolg van meningsverskille ten opsigte van die invloed van investering in ontwikkelde teenoor ontwikkelende lande is daar gevolglik aandag aan enkele ekonomiese groeimodelle gegee. Gesien uit die oogpunt van die daarstelling van 'n konsessiepakket om streeksekonomiese ontwikkeling te stimuleer, is die huidige konsessiepakket met die determinante van investering vergelyk. Daardeur word die kwessie aangeraak of die konsessiepakket weI die teoretiese determinante van investering in ag geneem het. Die belangrike vraag of die nyweraars self met die konsessiepakket tevrede is, word in die empiriese studie behandel. Die langtermynaard van 'n investering sal die weldeurdagte investeerder dwing om 'n verdere determinant, naamlik die land as risikofaktor deeglik in ag te neem. Met hierdie veronderstelling word daar in hoofstuk 2 na die land waar die investering oorweeg sal word, naamlik Suid-Afrika gekyk. Daar word veral aan die ekonomiese ontwikkeling van Suid-Afrika aandag gegee. In hierdie opsig word die ongelyke verdeling van inkome wat gedurende die jare al hoe meer beklemtoon is, bespreek en word daar na owerheidspogings gekyk om die probleem op streeksvlak teen te werk. Hierdie owerheidspogings konsentreer helaas op die daarstelling van 'n streeksekonomiese beleid wat moes meehelp om die geografiese verskille in die verdeling van inkome teen te werk. Die streeksekonomiese beleid het gestalte gekry in die vorm van 'n konsessiepakket wat dan ook in hierdie hoofstuk bespreek word. Aangesien die konsessiepakket daarop ingestel was om nyweraars na gedesentraliseerde gebiede te lok, is dit 'n voorwaarde vir die sukses van streeksekonomiese beleid dat nyweraars wat gedesentraliseer het met die konsessiepakket tevrede moet wees. Die navorsingsmetodiek wat gevolg is om hierdie vraag te probeer beantwoord word in hoofstuk 3 bespreek. Daar word in hierdie hoofstuk na die onderwerp, die hipotese, die vraelys en die beantwoordingsmetode gekyk. Hierdie hoofstuk dien dus as 'n skakel tussen die eerste twee hoofstukke wat hoofsaaklik oor die normatiewe en teoretiese aspekte van investering gehandel het en hoofstuk 4 wat die navorsingsresultate oftewel die werklikheid verteenwoordig. Die hipotese dat gedesentraliseerde nywerhede nie met die konsessiepakket tevrede is nie, word in hoofstuk 4 met die navorsingsresultate vergelyk en daar word ook na die verskille wat tussen die Grens, Ciskei en Transkei voorgekom het, gekyk. Die beleidsimplikasies van die navorsingsresultate sowel as In samevatting van die verhandeling word in hoofstuk 5 behandel terwyl daar ook na die implikasies ten opsigte van die huidige debat in die ontwikkelingsekonomie gekyk word (Introduction, p. ix-xi)
- Full Text:
- Date Issued: 1987
Equilibrium, expectations and information : a study of the general theory, the neo-classical synthesis and modern classical macroeconomics
- Authors: Torr, Christopher
- Date: 1984
- Subjects: Macroeconomics Equilibrium (Economics) Economics
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1035 , http://hdl.handle.net/10962/d1004515
- Description: From Introduction: It is now nearly 50 years since the appearance of Keynes's General Theory of Employment, Interest and Money and the stream of articles and books on what Keynes really meant or didn't mean shows no sign of abating. In part, this dissertation is a contribution to this voluminous literature, but what follows is hardly an attempt to provide an exhaustive interpretation. Instead the General Theory is examined from a certain angle, with the title "Equilibrium, Expectations and Information" providing the framework for the investigation. That the title has been borrowed from G.B. Richdrdson's 1959 Economic Journal article is no accident. Richardson's work has been unduly neglected and his trichotomy serves as a convenient platform from which to analyse Keynes's method and those of his interpreters, in particular the approaches stemming from the work of Clower and Leijonhufvud. The information structure of the Walrasian type of general equilibrium model is also examined as the latter forms the basis of both the neo-classical interpretation of Keynes's contribution and the rational expectations approach that will be discussed. Finally Richardson's framework is applied in an analysis of two modern classical schools of thought, namely the rational expectations approach headed by Lucas, and the neoRicardian school amongst which Garegnani, Eatwell and Milgate, for example, are prominent. In a sentence, therefore, what follows is an examination of the General Theory and certain interpretations thereof as well as an analysis of modern classical macroeconomics, with the equilibrium-expectations-information framework providing the unifying theme. As will become apparent, the framework does not consist of three watertight compartments. For example, whether a system is in equilibrium or not will depend on whether the expectations of those who have the ablility to effect change are realised. The specification of which agents have this power will depend on the information with which the model builder endows the agents in the model. In discussing this, attention is drawn to Keynes's important distinction between an entrepreneur economy and a cooperative economy. The distinction between the information available to the model builder and that with which he endows the agents in the model is also emphasized.
- Full Text:
- Date Issued: 1984
- Authors: Torr, Christopher
- Date: 1984
- Subjects: Macroeconomics Equilibrium (Economics) Economics
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1035 , http://hdl.handle.net/10962/d1004515
- Description: From Introduction: It is now nearly 50 years since the appearance of Keynes's General Theory of Employment, Interest and Money and the stream of articles and books on what Keynes really meant or didn't mean shows no sign of abating. In part, this dissertation is a contribution to this voluminous literature, but what follows is hardly an attempt to provide an exhaustive interpretation. Instead the General Theory is examined from a certain angle, with the title "Equilibrium, Expectations and Information" providing the framework for the investigation. That the title has been borrowed from G.B. Richdrdson's 1959 Economic Journal article is no accident. Richardson's work has been unduly neglected and his trichotomy serves as a convenient platform from which to analyse Keynes's method and those of his interpreters, in particular the approaches stemming from the work of Clower and Leijonhufvud. The information structure of the Walrasian type of general equilibrium model is also examined as the latter forms the basis of both the neo-classical interpretation of Keynes's contribution and the rational expectations approach that will be discussed. Finally Richardson's framework is applied in an analysis of two modern classical schools of thought, namely the rational expectations approach headed by Lucas, and the neoRicardian school amongst which Garegnani, Eatwell and Milgate, for example, are prominent. In a sentence, therefore, what follows is an examination of the General Theory and certain interpretations thereof as well as an analysis of modern classical macroeconomics, with the equilibrium-expectations-information framework providing the unifying theme. As will become apparent, the framework does not consist of three watertight compartments. For example, whether a system is in equilibrium or not will depend on whether the expectations of those who have the ablility to effect change are realised. The specification of which agents have this power will depend on the information with which the model builder endows the agents in the model. In discussing this, attention is drawn to Keynes's important distinction between an entrepreneur economy and a cooperative economy. The distinction between the information available to the model builder and that with which he endows the agents in the model is also emphasized.
- Full Text:
- Date Issued: 1984
Public utility pricing and industrial decentralization in South Africa
- Authors: Wallis, Joseph Lyall
- Date: 1984
- Subjects: Industrial management -- South Africa Public utilities -- South Africa Pricing -- South Africa Decentralization in management -- South Africa
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1030 , http://hdl.handle.net/10962/d1003747
- Description: From Introduction: 1. Background to the thesis: During the 1950' sand 1960' s it would appear that the explicit objectives of economic policy in South Africa were full employment and economic growth with some occasional emphasis on the pursuit of relative price stability. Other goals such as efficiency in resource allocation and the pursuit of an "acceptable" income distribution were at best implicit and subordinate to these objectives. This is exemplified by the fact that a number of key prices which were controlled by the authorities such as the exchange rate, interest rates and public utility tariffs were generally set at levels which were either over- or under-priced relative to factor scarcities throughout this period.
- Full Text:
- Date Issued: 1984
- Authors: Wallis, Joseph Lyall
- Date: 1984
- Subjects: Industrial management -- South Africa Public utilities -- South Africa Pricing -- South Africa Decentralization in management -- South Africa
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1030 , http://hdl.handle.net/10962/d1003747
- Description: From Introduction: 1. Background to the thesis: During the 1950' sand 1960' s it would appear that the explicit objectives of economic policy in South Africa were full employment and economic growth with some occasional emphasis on the pursuit of relative price stability. Other goals such as efficiency in resource allocation and the pursuit of an "acceptable" income distribution were at best implicit and subordinate to these objectives. This is exemplified by the fact that a number of key prices which were controlled by the authorities such as the exchange rate, interest rates and public utility tariffs were generally set at levels which were either over- or under-priced relative to factor scarcities throughout this period.
- Full Text:
- Date Issued: 1984
The South African shipping question, 1886-1914
- Authors: Solomon, Vivian
- Date: 1979
- Subjects: Shipping conferences -- History Shipping -- South Africa -- History
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1039 , http://hdl.handle.net/10962/d1004667
- Description: From Preface: For the best part of a generation the "Shipping Question" was a talking-point in South Africa; yet today it is completely forgotten, and the name of its leading actor is virtually unknown. Scant reference to the controversy will be found in economic- or other histories; in the rare cases where it is alluded to, the treatment is superficial. This study seeks to fill that gap. At the outset it is advisable to define the scope of the work. It is not a history of the South African shipping trade in the pre-1914 era: shiplovers have had that ground amply covered by Marischal Murray, and indeed are unlikely to find in the following pages much to their taste. Neither is it an economic analysis of shipping conferences: there is a growing body of work on that subject, and this study does not seek to add to it. Nor is it a business history: it does not probe the structure, the management or the profitability of shipping enterprise in the period concerned. A full-scale discussion of these latter topics would be a major undertaking in its own right, nor is it at all certain that the necessary materials are accessible or even extant. In short, the study is concerned with the origins, the course and the outcome of the "Shipping Question" of the period 1886-1914. Documentation for a controversy that was essentially mercantile in its origins and its first dimensions might be thought to be patchy and sparse; but it is gratifying to record that a substantial volume of material has been uncovered. The newspapers and periodicals of the time, especially in the period before the Boer War, devoted much more attention to shipping than has since been usual; The British and South African Export Gazette, South Africa, The African Review, and the London edition of The Cape Argus have been of particular value. In that era, again, the Chambers of Commerce occupied a more prominent position in their communities than they seem to do now, and their meetings were reported at length, often to the extent of several columns of newsprint; these reports have been of great assistance. It is fortunate, moreover, that the papers of two of the leading protagonists on the South African side have survived: the Garlick Papers and the Jagger Papers, now housed in the University of Cape Town Libraries; these, while perhaps not as full as might have been hoped, have shed a good deal of light on mercantile thinking and strategy. If the controversy had been confined to the mercantile sector, however, it would scarcely justify detailed investigation. It entered also into the sphere of government and politics and it came to assume an Imperial dimension; and in these aspects it is pleasingly well documented in official primary sources. The papers of prominent public figures, furthermore, have yielded some valuable insights and, in some cases, the documents that rightfully belong in official repositories! The minutes of one of the corporate bodies to the dispute - the South African Merchants' Committee in London - are still extant, and they have been of great use in supplementing the (sometimes condensed) versions of the Committee's proceedings that are available from newspaper- and other sources. While disappointingly attenuated in some areas, the records of the Union-Castle Line have been alike fascinating and indispensable. The papers of Percy Molteno, a member of the Line's management and one of the leading actors in the second part of this study, form a valuable supplement to the records. One cause for regret has been the absence of primary sources emanating from the other shipping lines involved in the controversy. The Union- Castle Line was the dominant partner in the trade, and will therefore occupy the centre of the stage; but its colleagues' records would have been useful in perhaps correcting undue emphases or false perspectives.
- Full Text:
- Date Issued: 1979
- Authors: Solomon, Vivian
- Date: 1979
- Subjects: Shipping conferences -- History Shipping -- South Africa -- History
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1039 , http://hdl.handle.net/10962/d1004667
- Description: From Preface: For the best part of a generation the "Shipping Question" was a talking-point in South Africa; yet today it is completely forgotten, and the name of its leading actor is virtually unknown. Scant reference to the controversy will be found in economic- or other histories; in the rare cases where it is alluded to, the treatment is superficial. This study seeks to fill that gap. At the outset it is advisable to define the scope of the work. It is not a history of the South African shipping trade in the pre-1914 era: shiplovers have had that ground amply covered by Marischal Murray, and indeed are unlikely to find in the following pages much to their taste. Neither is it an economic analysis of shipping conferences: there is a growing body of work on that subject, and this study does not seek to add to it. Nor is it a business history: it does not probe the structure, the management or the profitability of shipping enterprise in the period concerned. A full-scale discussion of these latter topics would be a major undertaking in its own right, nor is it at all certain that the necessary materials are accessible or even extant. In short, the study is concerned with the origins, the course and the outcome of the "Shipping Question" of the period 1886-1914. Documentation for a controversy that was essentially mercantile in its origins and its first dimensions might be thought to be patchy and sparse; but it is gratifying to record that a substantial volume of material has been uncovered. The newspapers and periodicals of the time, especially in the period before the Boer War, devoted much more attention to shipping than has since been usual; The British and South African Export Gazette, South Africa, The African Review, and the London edition of The Cape Argus have been of particular value. In that era, again, the Chambers of Commerce occupied a more prominent position in their communities than they seem to do now, and their meetings were reported at length, often to the extent of several columns of newsprint; these reports have been of great assistance. It is fortunate, moreover, that the papers of two of the leading protagonists on the South African side have survived: the Garlick Papers and the Jagger Papers, now housed in the University of Cape Town Libraries; these, while perhaps not as full as might have been hoped, have shed a good deal of light on mercantile thinking and strategy. If the controversy had been confined to the mercantile sector, however, it would scarcely justify detailed investigation. It entered also into the sphere of government and politics and it came to assume an Imperial dimension; and in these aspects it is pleasingly well documented in official primary sources. The papers of prominent public figures, furthermore, have yielded some valuable insights and, in some cases, the documents that rightfully belong in official repositories! The minutes of one of the corporate bodies to the dispute - the South African Merchants' Committee in London - are still extant, and they have been of great use in supplementing the (sometimes condensed) versions of the Committee's proceedings that are available from newspaper- and other sources. While disappointingly attenuated in some areas, the records of the Union-Castle Line have been alike fascinating and indispensable. The papers of Percy Molteno, a member of the Line's management and one of the leading actors in the second part of this study, form a valuable supplement to the records. One cause for regret has been the absence of primary sources emanating from the other shipping lines involved in the controversy. The Union- Castle Line was the dominant partner in the trade, and will therefore occupy the centre of the stage; but its colleagues' records would have been useful in perhaps correcting undue emphases or false perspectives.
- Full Text:
- Date Issued: 1979
Human resources in the Cape midlands
- Authors: Truu, Mihkel Lemmit
- Date: 1972
- Subjects: Human capital -- South Africa Personnel management -- South Africa -- Cape of Good Hope.
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1056 , http://hdl.handle.net/10962/d1007288
- Description: From Preface: Although Alfred Marshall's definition of economics has been criticised for its allegedly narrow conception of the subject, it is sometimes overlooked that he considered the study of wealth but one side of the matter. To Marshall, the other and "more important" side of economics was that it also forms "a part of the study of man". The basic thought which underlies the present study is a similar one, namely, that economics is not only concerned with goods and service, but also with men and human action. It is spatially confined to an analysis of the human resources in a region consisting of 21 magisterial districts in the Eastern Cape Province, which cover an area of 72, 462 square kilometres, collectively described here as the Cape Midlands.
- Full Text:
- Date Issued: 1972
- Authors: Truu, Mihkel Lemmit
- Date: 1972
- Subjects: Human capital -- South Africa Personnel management -- South Africa -- Cape of Good Hope.
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1056 , http://hdl.handle.net/10962/d1007288
- Description: From Preface: Although Alfred Marshall's definition of economics has been criticised for its allegedly narrow conception of the subject, it is sometimes overlooked that he considered the study of wealth but one side of the matter. To Marshall, the other and "more important" side of economics was that it also forms "a part of the study of man". The basic thought which underlies the present study is a similar one, namely, that economics is not only concerned with goods and service, but also with men and human action. It is spatially confined to an analysis of the human resources in a region consisting of 21 magisterial districts in the Eastern Cape Province, which cover an area of 72, 462 square kilometres, collectively described here as the Cape Midlands.
- Full Text:
- Date Issued: 1972
Pineapples in the Eastern Cape : a study of the farm economy and marketing patterns
- Authors: Strauss, Conrad B
- Date: 1961
- Subjects: Pineapple industry -- South Africa -- Eastern Cape , Agriculture -- Economic aspects -- South Africa , Farm produce -- Marketing
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1103 , http://hdl.handle.net/10962/d1013318
- Description: The major objective of this study was to seek a better knowledge and greater understanding of the factors associated with successful pineapple farming in the Eastern Cape Region of the Union of South Africa. As no previous · investigation equally representative of commercial pineapple farming patterns in the Eastern Cape has been made, this study can be regarded as a pilot survey of the labour structures, rates of production, combination of enterprises; marketing channels and the suitability of various districts in the region of study for the production of pineapples. In addition, the history of the pineapple in South Africa will be traced briefly, and the position the Union holds as a supplier of pineapples on the world market, will be investigated. the importance of the Eastern Cape as a producer of pineapples in South Africa is well known, but is also unequivocally illustrated by the information in Table 1. According to estimates made by the Division of Economics and Markets for 1955/56 season, no less than 86.5 percent of the total acreage planted to pineapples in South Africa, was located in this area. Bathurst, East London and Albany, three of the six districts included in the estimate, were particularly prominent. Taken together, they cultivated more than three-quarters of the total area planted to pineapples in the Eastern Cape, and nearly 70 per cent of the total for South Africa. The remaining quarter of the area cultivated in the Eastern Cape was located in the districts of Peddie, Komgha and Alexandria.
- Full Text:
- Date Issued: 1961
- Authors: Strauss, Conrad B
- Date: 1961
- Subjects: Pineapple industry -- South Africa -- Eastern Cape , Agriculture -- Economic aspects -- South Africa , Farm produce -- Marketing
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1103 , http://hdl.handle.net/10962/d1013318
- Description: The major objective of this study was to seek a better knowledge and greater understanding of the factors associated with successful pineapple farming in the Eastern Cape Region of the Union of South Africa. As no previous · investigation equally representative of commercial pineapple farming patterns in the Eastern Cape has been made, this study can be regarded as a pilot survey of the labour structures, rates of production, combination of enterprises; marketing channels and the suitability of various districts in the region of study for the production of pineapples. In addition, the history of the pineapple in South Africa will be traced briefly, and the position the Union holds as a supplier of pineapples on the world market, will be investigated. the importance of the Eastern Cape as a producer of pineapples in South Africa is well known, but is also unequivocally illustrated by the information in Table 1. According to estimates made by the Division of Economics and Markets for 1955/56 season, no less than 86.5 percent of the total acreage planted to pineapples in South Africa, was located in this area. Bathurst, East London and Albany, three of the six districts included in the estimate, were particularly prominent. Taken together, they cultivated more than three-quarters of the total area planted to pineapples in the Eastern Cape, and nearly 70 per cent of the total for South Africa. The remaining quarter of the area cultivated in the Eastern Cape was located in the districts of Peddie, Komgha and Alexandria.
- Full Text:
- Date Issued: 1961
Boerdery in die Suid-Afrikaanse Republiek 1858-1899
- Authors: Naudé, Petrus
- Date: 1954
- Subjects: Agriculture -- South Africa -- History -- 19th century , Agricultural laborers -- South Africa -- History , Agriculture -- Economic aspects -- South Africa -- History , Farmers -- South Africa -- History -- 19th century
- Language: Afrikaans
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1092 , http://hdl.handle.net/10962/d1012946
- Description: In Suid-Afrika het die opkoms van die sosialistiese gedagte teen die einde van die negentiende eeu ook merkbare invloed op die staatshuishouding gehad. In die negentiende eeu was die ekonomiese wetgewing, hoofsaaklik onder invloed van die indiwidualisme volgens die leer van "Laissez- faire", daarop gerig om die maksimum welvaart te verkry deur vrye mededinging aan te moedig en te beskerm, en om privaat inisiatief sy gang te laat gaan. Daar het egter geleidelik 'n verandering in hierdie houding en beleid ingetree. Deur 'n verandering in die beskouing omtrent die einddoel van die menslike arbeid en sy ekonomiese bedrywigheid moes die staat uit sosiaal-ekonomiese oorwegings sekere seksies van die samelewing deur spesiale en beskermende wetgewing te hulp kom. Die ontwikkeling van die aandeel wat die staat geneem het in die beheer en bevordering van die welvaart van die boere in die Suid-Afrikaanse Republiek is ' n voorbeeld van die voorgenoemde omwenteling in die ekonomiese en bedryfslewe teen die einde van die vorige eeu. Die staat het aanvanklik weinig gedoen vir die bevordering en beheer van die onderhoudsboerdery. Later, met die veranderde boerderyekonomie, het staatshulp, staatsvoorligting en -beheer egter noodsaaklik geword. Gedurende die laaste jare van die Suid- Afrikaanse Republiek het die owerheid meer en meer verpligtings teenoor die boeregemeenskap aanvaar. Namate die staat groter hulp en diens verskaf het, na dié mate moes hy ook groter beheer uitoefen.
- Full Text:
- Date Issued: 1954
- Authors: Naudé, Petrus
- Date: 1954
- Subjects: Agriculture -- South Africa -- History -- 19th century , Agricultural laborers -- South Africa -- History , Agriculture -- Economic aspects -- South Africa -- History , Farmers -- South Africa -- History -- 19th century
- Language: Afrikaans
- Type: Thesis , Doctoral , PhD
- Identifier: vital:1092 , http://hdl.handle.net/10962/d1012946
- Description: In Suid-Afrika het die opkoms van die sosialistiese gedagte teen die einde van die negentiende eeu ook merkbare invloed op die staatshuishouding gehad. In die negentiende eeu was die ekonomiese wetgewing, hoofsaaklik onder invloed van die indiwidualisme volgens die leer van "Laissez- faire", daarop gerig om die maksimum welvaart te verkry deur vrye mededinging aan te moedig en te beskerm, en om privaat inisiatief sy gang te laat gaan. Daar het egter geleidelik 'n verandering in hierdie houding en beleid ingetree. Deur 'n verandering in die beskouing omtrent die einddoel van die menslike arbeid en sy ekonomiese bedrywigheid moes die staat uit sosiaal-ekonomiese oorwegings sekere seksies van die samelewing deur spesiale en beskermende wetgewing te hulp kom. Die ontwikkeling van die aandeel wat die staat geneem het in die beheer en bevordering van die welvaart van die boere in die Suid-Afrikaanse Republiek is ' n voorbeeld van die voorgenoemde omwenteling in die ekonomiese en bedryfslewe teen die einde van die vorige eeu. Die staat het aanvanklik weinig gedoen vir die bevordering en beheer van die onderhoudsboerdery. Later, met die veranderde boerderyekonomie, het staatshulp, staatsvoorligting en -beheer egter noodsaaklik geword. Gedurende die laaste jare van die Suid- Afrikaanse Republiek het die owerheid meer en meer verpligtings teenoor die boeregemeenskap aanvaar. Namate die staat groter hulp en diens verskaf het, na dié mate moes hy ook groter beheer uitoefen.
- Full Text:
- Date Issued: 1954
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