Foreign direct investment, trade openness and economic growth linkages: the role of exchange rate regime choice in South Africa
- Authors: Amoah, Edmund Vincent Nyarko
- Date: 2020-04
- Subjects: Investment -- South Africa , Foreign Exchange rates
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57523 , vital:58058
- Description: For a country to ensure economic stability, growth, development, and technological advancement, FDI and trade openness play a vital role in achieving such development. Economic growth leads to employment creation and poverty reduction. FDI inflows are important to countries, especially in developing countries, as they enhance domestic savings and capital inflows from abroad. It further accumulates the transfer of technology, speeds up competition and pushes for a more positive development of firms. On the other hand, trade openness involves the removal or relaxation of trade barriers that hinder the free flow of trade between countries. FDI and trade openness is viewed as a catalyst to economic growth. However, FDI, trade openness, and economic growth are largely influenced by the exchange rate regime choice of a country. South Africa’s economy is founded on the principles of trade openness and strives to attract FDI and ensure economic growth. The country has also transitioned from different exchange rate regime choices, and currently adopts the free-floating exchange rate regime choice. These policies are aimed to enhance growth and better the lives of the people. However, this is not the case as unemployment continues to rise. Economic growth has not appreciated to the level the country aims to reach. Economic growth has shown a downward trend over the past years. These indicators raise the question about the impact of FDI, trade openness, and economic growth, and the role of exchange rate regime policies implemented in the country for many decades. Therefore, the objective of this study is to determine the linkages between FDI, trade openness, economic growth, and the role of the exchange rate regime choice. Specific objectives of the study include: first, to establish whether there is a direct relationship between FDI, trade openness, and economic growth, or not and, second, to investigate the effect of exchange rate regime choice on foreign direct investment, trade openness and economic growth. To achieve these objectives, the study made use of secondary data and quantitative research design. Data was collected from different sources namely, the statistics South Africa data base, world development indicators, the international monetary fund, and the Reserve Bank of South Africa. Data was collected from 1995 to 2018. In the aspect of vi data analysis, Stata, a statistical computer software and time series was used to analyse the data for the current study. The study employed an estimation technique such as the ARDL. This was to ensure that variables are I (0) or I (1). The Zivot-Andrews test was employed to investigate all possible structural breaks. Due to its inability to deal with more than one structural break, CLEMAO, or IO routine, was introduced to close the gap and to allow for a possible two event of structural break in time series. The study performed a granger causality test to determine the causalities that arose among the variables under study. The results showed no granger causality between GDP and FDI. A uni-directional granger causality was found to flow from GDP to trade openness, FDI to trade openness and FDI to exchange rate. A bi-directional causality was established between GDP and exchange rate, and between trade openness and exchange rate. The study employed critical values because the sample size appeared to be small in nature. The F statistics from the ARDL appeared to be greater than the critical value, which symbolizes a long-run relationship of the variables currently under study. A Gregory-Hansen cointegration test was introduced to handle the concept of regime changes in the current study. Findings from the ARDL with known structural break for exchange rate regime choice revealed that, exchange rate had a positive significant impact on economic growth in the short-run, whereas it had a significant negative impact on economic growth in the long-run. This implies that, during the initial stages of an exchange rate policy, the South African rand appreciated, leading to a boost in economic growth. A change from managed float exchange rate regime to a free float exchange rate regime caused a 1.49 percent increase in economic growth. This was an indication that the free float exchange rate is a better choice compared to a managed float exchange rate. Based on these findings, the study recommended that South Africa should continue with free float exchange rate policy as it is found to promote economic growth. To attract FDI, the study recommended that economic restrictions on foreign investors should be minimised. However, the South African government should encourage foreign investors to provide training and skills to South Africans who are employed in their establishments. This will in the long-run contribute to technology and human capital transfer needed by vii the country to stimulate economic growth. Finally, the study recommended that South African government should curb the importation of certain goods and services which are locally produced. This will improve economic growth and enhance employment. , Thesis (MA) -- Faculty of Business and Economic Science, 2020
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- Date Issued: 2020-04
Women at work: A Muslim perspective
- Authors: Arghedien, Nuraan
- Date: 2023-04
- Subjects: Personnel management , Muslim women
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/60510 , vital:65640
- Description: Globally, women, including Muslim women face challenges advancing within their careers. This is supported by research focusing on the advancement of women. However, a paucity of research exists, focusing on the factors contributing to specifically the success and advancement of Muslim women. This study therefore explored the factors impacting on the experienced career success of women, particularly Muslim women and sought to identify additional barriers faced by Muslim women in the work context. In addition, the study identified interventions that can be used to enhance their success. For the purpose of this study, experienced career success referred to the subjective view of success individuals hold of themselves in relation to their careers. The target population of this study included women and men, irrespective of religious orientation or ethnic profile who reside and work in South Africa (n=243). A self-administered online survey was developed and distributed via an electronic link to individuals within a professional network as well as on various social media platforms. In addition, the study was subjected to various statistical analyses, including an Exploratory Factor Analysis, Reliability, Multiple Correlations, and Group Comparisons using ANOVAs, Tukey HSD, Independent Sample t-tests and Cohen’s d. Moreover, the qualitative analysis included ATLAS.ti, a manual search and the use of word clouds to extract themes that were highlighted or emphasised in the empirical study. The main findings of this study suggest that there are various factors impacting on the experienced career success of Muslim women. Positive significant relationships were found between Internal Factors and Success Indicators, indicating that the higher the level of motivation, the more successful are Muslim women. In addition, Organisational Factors and Success Indicators showed a positive relationship, implying that the importance placed on career-related interventions and commitment from top management influence the success of Muslim women. A significant relationship was found between Organisational Success Strategies and Success Indicators which means that the more aware and exposed Muslim women are to the identified career-related interventions, the greater their success. x No relationships were evident between gender and success, nor were differences found in the responses of men and women, contrary to the perception that the extent to which the factors apply to men and women are different. Furthermore, a model was developed based on the theoretical underpinnings and empirical evidence to assist in understanding the factors impacting on the experienced success of Muslim women. Additionally, strategies in the form of recommendations were advised with the aim of enhancing the experienced success of Muslim women. This study contributes to the body of knowledge relating to the advancement of Muslim women in the South African context. , Thesis (PhD) -- Faculty of Business and Economic Science, 2023
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- Date Issued: 2023-04
The determinants of loan delinquency among co-operative financial institutions in South Africa
- Authors: Bixa, Sisipho
- Date: 2022-04
- Subjects: Financial institutions -- South Africa , Loans
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57546 , vital:58064
- Description: The world's attention has been drawn to co-operatives since the 2008 financial crisis because of their resilience and ability to prosper in adverse economic situations. Co-operatives, particularly Co-operative Financial Institutions (CFIs), have increased their participation, proving to be a channel for increasing access to finance for the previously unbanked, poverty reduction, and sustained socioeconomic growth across the African continent. Co-operatives have the potential to be a catalyst for long-term growth, which is especially important in a country like South Africa, yet they have been failing owing to loan default. Loan delinquency is a major threat to CFI's ability to continue granting loans to loan applicants and to grow the business. CFIs are unable to recoup the monies they have provided to loan borrowers, as the default rate has steadily increased. This influences the CFIs' financial obligations. The financial growth of CFIs is vital, and failure to keeping cash in circulation has an impact on their fundamental business. In South Africa, CFIs have observed a surge in loan defaults since 2010. Proper loan appraisals, timely reminders of loan recipients' repayments, and escalation on prompt follow-up on loan defaulters all are priorities for CFI management. Despite the efforts of CFIs to reduce delinquency, it has continuously increased. The objective of this study was to figure out what factors influence loan delinquency among CFIs. The study looked at an average of 47 CFIs in South Africa. Another objective of this study was to investigate the extent of loan delinquency among South African CFIs. The study used a quantitative approach, with secondary data obtained from CBDA. Descriptive statistics were used to evaluate the model's goodness of fit. The computed results show that this study has only one-way cross-sectional effects. In this example, the null hypothesis of the Breusch-Pagan (BP) test of "POLS is appropriate" is rejected. According to the descriptive statistics presented in the following section, the null hypothesis of regularly distributed data is not rejected. Pearson correlation was used to determine whether there was a relationship between the control variables and the dependent variable. The least squares regression output from the study was presented in the final section. Finally, GLS regression with random effects was used to examine the relationship between total loan delinquency and the dependent variables. x The research looked at seven independent variables: share league/affiliation, the proportion of women in total membership, youth savings, interest rates, total account receivables, and loan portfolio. However, the results of youth savings, interest rate, and total savings deposits may not be reliable because they are statistically insignificant. According to the study, financial institutions should provide easily accessible and accurate payment methods to encourage borrowers to pay on time. This can be accomplished by creating a website. In addition, CFIs/credit intuitions use a share league/affiliation method to maximize their responsible ownership and investigate why women's membership leads to lower loan delinquency. , Thesis (MA) -- Faculty of Business and Economic science , 2022
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- Date Issued: 2022-04
Investment promotions within port systems: a case of the port of Ngqura, south Africa
- Authors: Booi, Nozipho
- Date: 2022-04
- Subjects: Investment -- South Africa , Investment analysis
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57601 , vital:58180
- Description: The primary role of ports is to provide an enabling logistical solution for within the transport sector. Ports within South Africa perform this primary role in strict accordance with the National Ports Act 12 of 2005. The liberalisation of economies from closed economies to open economies has impacted the transformation of the transport sector; sea borne trade through ports accounts for 80% of the global trade by volume and 70% by value. Open economies have increased the need for integration of economies and triggered a highly competitive market for ports globally competing for volumes or throughput. To attract volumes, ports need to have sound investment promotions strategies that are responding to market needs. Thus, the primary objective of the research study was to investigate and analyse the various factors that affect investment promotions within the port system, evaluating how these factors can be utilised by the Port of Ngqura to increase volumes and grow market share. Therefore, attention was placed on understanding the value proposition the port has to offer to potential investors to foster FDIs. The researcher employed an interpretivist qualitative research methodology to explore its research aim and objectives. Secondary data in the form of document analysis was used in this research study. The documents analysed are mainly Academic Journals, Policy Documents, Transnet Annual Reports, South African Port Regulator Reports (quarterly and annual reports), Industry Articles, and Published Books. The data collected from secondary sources was analysed through content analysis. The document analysis conducted to understand the determinants of investments at the Port of Ngqura, revealed that the regulatory framework, port costs, availability of infrastructure, connectivity to the hinterland market, safety and security, intermodal transport, and efficiency levels can influence investment promotions within the port, and the determinants can be utilised to increase the volumes at the Port of Ngqura. The research study reviewed the mentioned additional factors such as the speed in responding to enquiries, the packaging of information, the linkages to other development zones and guarantees of secure operations are also determinants that potential investors look for. , Thesis (MA) -- Faculty of Science, School of Environmental Sciences, 2022
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- Date Issued: 2022-04
Assessing the economic impact and legal standing of expropriation of land without compensation policy and the effects on farm investment of selected farmers in South Africa
- Authors: Buthelezi, Sithabiso
- Date: 2022-04
- Subjects: Land tenure , Economic impact analysis
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57557 , vital:58073
- Description: South Africa’s agricultural sector is still labour- intensive and with South Africa’s high unemployment levels, this sector becomes crucial for employment creation. Moreover, the sector assists in eradicating poverty and ensuring food security. The African National Congress (ANC) has introduced the Draft Constitution Eighteenth Amendment Bill, 2019 in the National Assembly. The Minister of Public Works and Infrastructure issued a notice indicating the government’s intention to introduce the Expropriation Bill, 2020 in the National Assembly for debate. After these Bills were issued, there has been a debate in the public, including legal and economic scholars about the potential impact that these policy proposals will have on investment, specifically the agricultural industry. This treatise investigates the potential impact of expropriation of land without compensation on farm investment and assess the legality of the policy. The supporting theoretical literature in this treatise is the property rights theory, efficiency theories and transactional costs theory. The study used various cases and interpretations of legislation across different jurisdictions, to assess the legality of this policy. To test the impact of expropriation of land on farm investment, the study uses a survey collected from 22 farmers, registered with the Department of Agriculture, Land Reform and Rural Development (DALRRD) who responded to the request to participate. Once collected, the data were coded and analysed through the Stata statistical package. The results from descriptive statistics show that several independent variables that were included in the model had an influence on investment decisions. The study also found that the influence of title deeds differs between rural and semiurban dwellers. Semi-urban dwellers are likely to regard their property as insecure without title deeds, whereas rural dwellers indicated strong security of tenure despite staying on leased land. The study also found that the influence of collateral credit differs between small and commercial farmers. Some small farmers, who had collateral assets, did not use it when seeking credit or were denied even after using it. That is due to other factors such as cash flow and affordability. These factors, combined with the low value of collateral assets for small farmers prevent them from accessing additional credit. The results from the regression analysis revealed that certain independent variables have an influence on the dependent variable (farm investment). The regression vi | P a g e analysis results also prove that there is a significant positive correlation between the security of tenure and farm investment. However, the results from the respondents show that the proposed policy (expropriation of land without compensation) has not decreased their security of tenure as yet. The majority of respondents reported knowing about the policy, but still indicated that they intend to increase their farm investment in the coming three years. Therefore, there is no evidence that the proposed legislation had a negative impact on planned investment from a data analysis perspective. However, planned investments are decreased because of the current policy uncertainty. Those participants who indicated that they will decrease their investment, did so because they were not sure if their property will be targeted or not. This policy uncertainty is the source of disinvestment. Government should finalise this policy. It must be clear, indicate the circumstances under which someone’s property will be targeted. This is likely to put everyone at ease and be certain if their property will be expropriated or not. Government should be cautious of putting a policy that is not definite enough and leaves the final decisions to the court to determine the amount to be paid as compensation, as is currently the case. This court-determined compensation increases transactions costs and also creates uncertainty because one does not know how much are they entitled to until the final court determination. This contributes to policy uncertainty and procrastination on investment. , Thesis (MA) -- Faculty of Business and Economic Sciences, 2022
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- Date Issued: 2022-04
South African local labour forums in the municipal sector: Structure, functioning and performance
- Authors: Chabalala, Siphiwe
- Date: 2022-04
- Subjects: Labor productivity -- Public services -- South Africa , Labor disputes -- South Africa , Labor relations
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57567 , vital:58075
- Description: The South African Labour Relations Act 66 of 1995 provides for the establishment of statutory, yet voluntary, employee participation structures in the form of Workplace Forums. These Workplace Forums were modelled on the system of German Works Councils. The establishment of Workplace Forums solely lies with a representative trade union in a workplace of more than 100 employees. Trade unions have not been enthusiastic about the idea of Workplace Forums, this is because they view these structures as a mechanism that undermines collective bargaining due to the limitations that come with consultation as a process in decision-making. Trade unions would rather have powers of negotiation, for which Workplace Forums do not cater. Consequently, very few Workplace Forums have been established in South Africa. In the South African Municipal sector, there are Local Labour Forums which are solely for employee participation over and above matters reserved for collective bargaining in the South African Local Government Bargaining Council. Local Labour Forums have powers of consultation and negotiation on matters that affect labour relations and employees in the municipality. Local Labour Forums became an area of interest because of the limited opportunities in South Africa to study Workplace Forums. The aim of the study was to investigate Local Labour Forums as an example of Workplace Forums as employee participation structures. Therefore, the main research question was: how are these Local Labour Forums structured, what are the details of their functioning and what are the perceptions of the participants in these structures of their influence on performance in the workplace? The aim was translated into four objectives. The first objective was to explore the structure and functioning of Local Labour Forums. The second objective was to explore the perception of the parties to Local Labour Forums, namely, councillors, managers, and unions regarding their relationships. The third objective was to explore the agreements concluded by the parties and their levels of satisfaction with the agreements. The fourth objective was to explore the perception of the parties to Local Labour Forums of the contribution of the Local Labour Forums to the service delivery of the municipality. This was an exploratory and descriptive qualitative study. The population of the study was the Local Labour Forums in two metropolitans, six districts and thirty-one Eastern iv Cape municipalities. The sampling method used was non-probability purposive sampling. Primary data was sourced using both interview guidelines and a short survey questionnaire. The data obtained was transcribed and thematically analysed using Tesch’s (1990) content analysis as a method. The findings of the study indicated that while both Workplace Forums and Local Labour Forums are workplace committees, Local Labour Forums operate differently from Workplace Forums in terms of their structure and functioning. A major difference between these two structures is that Local Labour Forums are joint consultation committees, comprising of both the employer and employee representatives; whereas Workplace Forums are structures which only comprise of employees who then meet with the employer on a regular basis. The processes used for both these structures are somewhat different because Local Labour Forums have powers of consultation and negotiation, whereas Workplace Forums only have the powers to consult and jointly make decisions, not to negotiate. Adding to these differences is that Local Labour Forums have powers to establish subcommittees who will report back to this particular structure, whereas nothing about subcommittees is mentioned for Workplace Forums. In terms of the findings gathered on Local Labour Forums based on the abovementioned objectives, it was found that the establishment of these municipal structures are mandated by the South African Local Government Bargaining Council. Local Labour forums discuss matters of mutual interest which pertain to their respective municipalities. The parties to the Local Labour Forums are from both the employer and employee components. The employer component consists of senior municipal management/directorates and councillors. The employee component consists of the two in-house trade unions, the South African Municipal Workers’ Union and the Independent Municipal and Allied Trade Union. The fact that these parties are from different backgrounds in terms of conscience does not affect the relationships and agreements of the forum, because they are all about what is good for the structure. When it comes to performance of the Local Labour Forum, it was discovered that these structures are not directly involved in delivering services to the municipalities, but the decisions taken influence how the municipalities deliver their services. , Thesis (MA) -- Faculty Faculty of Business and Economic science, 2022
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- Date Issued: 2022-04
HRM digitalisation and value added in the south African workplace
- Authors: Chapano, Munodani
- Date: 2022-04
- Subjects: Personnel management , Human Resources Assessment
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10948/57578 , vital:58094
- Description: The main objective of this study was to determine the extent and nature of value that HRM digitalisation can add to the South African workplace. Digitalisation is a product of 4IR, which refers to the process of leveraging and applying 4IR technologies within organisational operations, including HRM, with the aim of optimising business processes. HRM digitalisation refers to the adoption and application of digital HRM technologies of the 4IR in the conduct of HRM practices, policies, activities and transactions to optimise the HRM function. Due to a shortage of studies that shed light on the value contributed by HRM digitalisation in the workplace, a need arises to determine the extent and nature of this value and the strategies needed to unlock this potential in the context of the 4IR. Moreover, in most South African (SA) organisations, there has been a lack of a fully integrated approach to digital HRM. Thus, this study aims at exploring HRM digitalisation and the value it contributes to South African organisations, with the expectation of developing an articulated and integrative HRM digital strategy for South African organisations. This study was accomplished by means of a literature and an empirical study. The literature study provided theoretical information related to challenges and opportunities introduced by the 4IR in the world of work, with specific reference to the South African workplace and which therefore impact HRM and necessitate the need for digitalisation of HRM. In addition, the following were explored: HRM Digital Strategies that could be adopted and add value in the South African workplace; the extent and nature of that value; the challenges probably encountered in doing so and possible means to overcome the challenges. The discussion led to the development of a hypothetical, theoretical model of HRM digitalisation in the South African workplace. The hypothetical model was used as the basis for the development of a measuring instrument used to collect empirical data for this study. The empirical study used the online questionnaire survey as the data collection instrument that measured the extent and nature of value that various HRM Digital Strategies could vii | P a g e add to the South African workplace; perceived value and hard evidence of the impact of HRM digitalisation; and the extent and nature of challenges associated with the Adoption of HRM Digital Strategies across the HR value chain. The online survey questionnaire was administered to HR directors, HR managers, HR practitioners and line managers who worked in the automotive manufacturing industry in the municipalities of Nelson Mandela Bay in Port Elizabeth and Buffalo City in East London in the Eastern Cape Province of South Africa. A non-probability sampling procedure which comprised a combination of purposive and snowball sampling methods was used to select participants for the study (n = 312). The results from the empirical study, computed using Exploratory Factor Analysis (EFA), descriptive statistics and inferential statistics (such as paired-sample t-tests, Pearson’s product moment correlation and regression analysis) showed that organisations in South Africa had invested and adopted more of Digital Talent and Digital Media strategies and less of Digital Org (Design & Culture) and Digital ERM HRM strategies across the HR value chain and as a result, had gained more value at relational level, followed by that at operational level. They gained the least value at transformational level. It was therefore revealed that if HRM professionals, managers and leaders within organisations want to boost the contribution of the HRM function towards achieving the strategic goals of the organisation (transformational level), digitalising the function is one of the best ways. They can achieve this by investing more of HRM Digital Strategies related to Digital Org (Design & Culture), followed by Digital Talent and Digital ERM strategies. Challenges related to the adoption of digital strategies across the HR value chain were only found to negatively influence Digital Org (Design & Culture) and Digital ERM strategies, whereas Digital Talent and Digital Media strategies were not negatively influenced. Based on the literature and empirical results of this study, an integrative HRM digitalisation model was designed to provide a framework approach for implementing HRM digitalisation in South African organisations. , Thesis (PhD) -- Faculty of Business and Economic science, 2022
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- Date Issued: 2022-04
Career counselling in the context of Industry 4.0: A systematic literature review
- Authors: Chintokoma, Kudzai Ashley
- Date: 2022-04
- Subjects: Career development , Career changes
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57589 , vital:58102
- Description: The researcher’s main aim was to summarise and evaluate the existing body of knowledge of career counselling practices, theory and models that can be used as a tool to help individuals cope or manage change in a contemporary work environment. The findings show that the world of work has changed due to technological advancement associated with Industry 4.0, resulting in careers becoming short term. More so, given the increasing speed at which current occupations are changing, people are forced to familiarize themselves with new occupations and industries that might offer new employment opportunities and career prospects. Based on a systematic literature review, the study holds the practical implication that with the help of evolving career counselling practices and HR processes, organisations can help employees attain a meaningful career and wellbeing in the digital era, through paying more attention to enabling interventions that help individuals develop self-regulatory future fit career self-management capabilities. This support system can be of assistance if they understand how employees’ identity in the demonstration of self-management capability can be developed and sustained both in the short and long run. Overall, the literature was effective and quite convincing in its call to discuss the pressing issues that come as a result of industry 4.0. The proposition is that career support should be promoted more and become an important policy within organisations in the digital era. , Thesis (MA) -- Faculty of Business and Economic science, 2022
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- Date Issued: 2022-04
Constructing an online serviceScape for the funeral industry
- Authors: Coetzee, Cornelis Albertus
- Date: 2022-04
- Subjects: Funeral supplies industry , Funeral service , Service industries -- Marketing
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10948/57611 , vital:58186
- Description: An online servicescape serves as a moderator for excellence in Customer Relationship Management (CRM). The study approached the online servicescape from the perspective of the funeral industry. Nowhere is the relevance of an online servicescape more apparent than in an industry which is firstly, unsought, and secondly, perceived as dismal. During the process of arranging a funeral, the customer is experiencing an unusual purchase situation as it is a purchase that cannot be avoided. The possibility also exists that the customer most likely did not seek information about a funeral home prior to the demise of a loved one. A third contributing factor is the emotional state of the customer which will, in a time of bereavement, have a strong impact on the rational decision-making process. Considering these conditions, the study approached the online servicescape based on three elements, namely Search Engine Optimisation, perceived value, and perceived usefulness of the online servicescape. These elements contribute to trust in the funeral home’s online offerings, which could influence the purchase outcomes significantly. The aim of the study was to construct a functional servicescape for an unsought business such as a funeral home, hence contributing significantly to the CRM body of knowledge as it was determined that this has not been explored before from an academic perspective. A quantitative, exploratory methodology was implemented. The exploration is depended on Bitner's (1992a:60) seminal model of servicescapes, Harris and Goode's (2010:230-243) model for online servicescapes, and the key constructs of Simon's (1996:141-142) Design Theory to provide a methodological basis with which to construct the key elements for a funeral industry based online servicescape. The data collection process followed a twostep process. A content analysis was conducted on existing websites from five English speaking countries, followed by a survey that largely reflected the content analysis variables to gain customer insights. The data was analysed using a descriptive analysis process. v It was determined that customers would trust a functional servicescape, which will most probably lead to a purchase situation. However, customers also indicated the opposite if they detect anything on the website that might lead to distrust. It was therefore concluded that it is imperative for a funeral home to ensure that their online servicescape meets the functional needs of customers in order ensure trust and purchase intention. , Thesis (PhD) -- Faculty of Business and Economic science, 2022
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- Date Issued: 2022-04
An assessment of broadband infrastructure investment as a primer for inclusive growth in South Africa
- Authors: Dhlamini, James Tapiwa
- Date: 2022-04
- Subjects: Investment -- South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57623 , vital:58187
- Description: This study investigated the impact in the telecommunication and broadband sectors on growth, employment creation, and poverty alleviation. It employs micro-simulation techniques and an economy-wide Leontief-based social accounting matric multiplier model to assess empirically the influence that fiscal injection into these sectors has in achieving South Africa's macroeconomic objectives. The study found positive but declining trends in output multipliers in the telecommunication sector over the past recession period (2009-18), signifying the enervation of the intersectoral multiplier effect over the post-recession period. Fiscal injection into the telecommunication and broadband sectors led to poverty reduction and to job creation in South Africa. However, the overall findings of this study highlight gender biases, spatial imbalances between urban and non-urban, an age gulf between young people and adults and further imbalance between formal and informal employment. The study commends that the government follows a priorities- weighted state spending policy which concurrently targets projects generating high gross value added and employment multipliers and with high capacity to address the disparity caused by the legacy of aparthied , Thesis (MA) -- Faculty of Business and Economic science, 2022
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- Date Issued: 2022-04
The effects of exchange rate volatility on trade flows in BRICS countries
- Authors: Domela, Lehlohonolo
- Date: 2022-04
- Subjects: Foreign exchange rates--Developing countries , Economic development -- BRIC countries
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57632 , vital:58188
- Description: This study investigates the impact of exchange rate volatility on trade flows in Brazil, Russia, India, China and South Africa (BRICS), for the period 2009:M1 to 2019: M12. The generalized autoregressive conditional heteroskedasticity (GARCH) and the exponential-GARCH are used to generate two different measures of exchange rate volatility. To capture the short and long-term symmetric and asymmetric relationships, the linear and nonlinear autoregressive distributed lag (ARDL) models were employed. The ARDL bounds test detected the long-run relationships in all estimated models excluding China’s exports model. The linear and nonlinear ARDL coefficients provided mixed results regarding the influence of exchange rate volatility on BRICS’ trade flows. However, from the general perspective, the majority of the estimated coefficients indicate that the exchange rate volatility positively affects both imports and exports in the short and long-run. Moreover, the long-run asymmetric relationships are found in all the models regardless of the volatility measure applied excluding Brazil where no asymmetric effects were identified. The Granger causality test revealed that volatility granger causes imports in most BRICS economies. Accordingly, this study recommends that BRICS economies should adopt effective exchange rate systems that are considerate of other macroeconomic variables found to have a significant impact on trade flows, irrespective of the volatility levels instigated as there is a positive relationship between exchange rate volatility and trade in BRICS nations. Moreover, through further monetary policy interactions, the BRICS cohort can establish a strong currency union to rival the US dollar and euro in the foreign exchange market to hence trade within the bloc and internationally. , Thesis (MA) -- Faculty of Business and Economic science, 2022
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- Date Issued: 2022-04
State Antiquity and Early Agricultural transition as Deep economic roots in Africa
- Authors: Fani, Sisipho
- Date: 2022-04
- Subjects: Agriculture -- Economic aspects , Agriculture -- Early works to 1800
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57643 , vital:58189
- Description: Growth economists identified that current failures and successes of economies can be traced far in their histories. The Unified Growth Model has been developed to analyse the process of development. Economic researchers have developed and identified ‘deep roots’ variables that elaborate modern growth, institutions and development. These variables include State Antiquity and Early agricultural transition. The study is an examination of the effects of State Antiquity and Early agricultural transition in the 54 African economies. The study examines these effects employing the following years: 1990, 1995, 2000, 2005, 2010, 2015, and 2020. The study employs econometric models namely, Ordinary Least Squares, Ridge and Lasso regularization models to examine the effects of these deep root variables. The study borrows baseline regressions from the works of Bockstette, Chanda and Putterman (2002), Putterman and Weil (2010) and Borcan, Olsson and Putterman (2018). This study, to the best of our knowledge, is the first to empirically examine the effects of State Antiquity and Early agricultural transition in Africa. The results of the study suggest that African economies that have low level of state antiquity experience a positive effect on modern economic growth and development whilst African economies with high levels of state antiquity experience negative effect on modern economic growth and development. The results also suggest that African economies that transition at a later stage toward agriculture experience a positive effect on modern economic growth and development. The implications of these findings indicate that state antiquity and early agricultural transition influence modern economic development only when states have reached a certain level. Countries that transitioned early towards agriculture experience a negative effect on modern economic growth and development depicting a reversal of fortune. The study recommends that the implementation of polices should corelate with the state experience of the specific economy. , Thesis (MA) -- Faculty of Business and Economic science , 2022
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- Date Issued: 2022-04
The Effects of Alcohol and Sunstance Abuse on Productivity in the Sundays River Valley Citrus Industry
- Authors: Fick, Gerard Hendrik
- Date: 2022-04
- Subjects: Substance abuse , Citrus fruit industry , South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57654 , vital:58191
- Description: COVID-19 has created a new world to conduct business and few industries were fortunate enough to continue to operate as essential services throughout the pandemic. The South African Citrus Industry was one of these industries. During this pandemic, certain amenities were regarded as dangerous and potentially a contributor to the spread of the COVID-19 virus. Alcohol was deemed one of these contributors. During the lockdown regulations implemented in March of 2020, the Sundays River Valley Citrus Industry noticed certain interesting developments concerning labour and productivity. Initial review of the effects of alcohol and substance abuse on the productivity of citrus workers, revealed limited research into the broader South African Citrus Industry, with more focus on the Western Cape and related wine farms. The aim of this research study is to identify the impact of alcohol and substance abuse on productivity within the Sundays River Valley Citrus Industry. Specifically focusing on absenteeism, workers injuries on duty and workplace incidents pertaining to disciplinary processes. The research further aims to add a monetary value to the implication of these events on the Sundays River Valley Citrus Industry and the possible management strategies involved to remediate the potential affects thereof. This study uses the phenomenological and case study research approaches focusing on the workplace of the researcher within the Sundays River Valley Citrus Industry. Using qualitative content analysis during the interview process, the themes and findings were evaluated alongside the research questions and was found to be in agreement with the views flowing from the research data. The analysis further revealed that Sundays River Valley Citrus Industry is in need of adequate management strategies due to the seasonal nature of the industry to improve labourer job satisfaction and in turn productivity and efficiency. , Thesis (MA) -- Faculty of Business and Economic science, 2022
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- Date Issued: 2022-04
The contribution of international financial institutions to economic development in SADC countries
- Authors: Galaga, Unathi
- Date: 2022-04
- Subjects: Economic development , Financial institutions, International , Southern African Development Community
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57665 , vital:58193
- Description: Although African governments have a significant role to perform in developing the continent, International financial institutions (IFIs) also perform a dominant role in economic development but their role in African development is often viewed as controversial and contradictory. In the 20th century, the World Bank and the IMF were vital IFIs that characterised global policies that regulated global economies, subjecting weaker economies to SAP. This necessitated African states to borrow money to ensure stabilisation, liberalisation, deregulation and the privatisation of most sectors. This study econometrically examined the impact of foreign aid on economic development in SADC countries. Panel regression techniques were employed to analyse the contribution of international financial institutions to economic development in SADC countries. The results indicated that there is an insignificant relationship between foreign aid and economic development, which implies that foreign aid does not contribute to economic development in SADC countries. Based on this finding, the study recommends that Southern African Governments find ways of financing development that guarantee economic growth. , Thesis (MA) -- Faculty of Business and Economic science , 2022
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- Date Issued: 2022-04
Scenarios for South Africa’s ocean economy towards 2060
- Authors: Hadi, Nomtha
- Date: 2022-04
- Subjects: Sustainable development--South Africa , Economic development--South Africa
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10948/57676 , vital:58195
- Description: The ocean is becoming the new focal point in the discourse on growth and sustainable development, both at national and international levels. Scenario planning improves the quality of the strategic conversations that organisations need to have as a position in preparing for the future. In this research, scenarios for South Africa’s ocean economy towards 2060 were developed and explored by considering the six key ocean sectors as outlined in the Operations Phakisa Strategy, namely, Marine Transport and Manufacturing, Offshore Oil and Gas Exploration, Aquaculture, Small Harbours, Coastal and Marine Tourism, Marine Protection Services and Ocean Governance. The research process was guided by Inayatullah’s six pillars and linked methods towards scenario development. Existing studies do not take into consideration the various social, technological, economic, environmental, political, legislative and ethical factors influencing the growth of the ocean economy. With the ocean increasingly being considered a new economic frontier, sustainable development has become pertinent for supporting and facilitating continued economic growth areas without compromising on environmental, social, or economic factors. Sustainable development within the ocean economy is further supported by Goal 14 of the Sustainable Development Goals, which focuses on conservation and sustainable use of the ocean, sea and marine resources. A literature review was conducted to gain a better understanding of the ocean economy, and primary data was collected through a real-time Delphi platform and semi-structured interviews. The real-time Delphi collected information on the key megatrends that continue to shape the ocean economy and key drivers and wild cards that can affect the sustainability of the key ocean economy industries. In addition, semi-structured interviews collected information on the proposed scenarios and the capacity needed in growing and promoting a sustainable ocean economy for South Africa towards 2060. A scenario matrix was developed for South Africa’s ocean economy and four scenarios and their implications were analysed. The preferred scenario was a resilient ocean economy towards 2060. The study also took a step forward with a view to provide reference to stakeholders and governments in progressing towards a possible scenario and developed an integrated vision for a sustainable ocean economy for South Africa towards 2060. This proposed vision is to ABSTRACT v mitigate against future challenges, collaborate and proactively utilise the development opportunities offered by the ocean economy. , Thesis (PhD) -- Faculty of Business and Economic science, 2022
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- Date Issued: 2022-04
Improving hospital efficiency through preventative medical equipment maintenance intervention
- Authors: Hill, Michael Gary
- Date: 2022-04
- Subjects: Medical suppliers , Medical imaging equipment industry
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57687 , vital:58200
- Description: This research study explores the management of medical equipment maintenance within South African Hospitals. The study aims to identify the risks and challenges Clinical Engineers experience at their facilities. This study was initiated because the author discovered multiple abandoned medical devices in a single ward that were not reported to the Clinical Engineering Department. This study compromises of secondary research in the form of a literature review that that explores Clinical engineering, the medical negligence claims and the importance of medical equipment maintenance and the management thereof. Primary data was collected from Clinical Engineers at various facilities, that were asked to participate in an online questionnaire. The primary research was based in a pragmatist paradigm with an inductive approach, using a mixed methods methodological choice. A survey strategy was used over a cross-sectional time horizon. The empirical results provided an understanding into how the Clinical Engineers are managing the maintenance of their medical equipment and the challenges that they face, looking at the inventory management systems, resource management, preventative maintenance, and fault reporting. Recommendations and conclusion were made relating to the findings of the primary research and the insight it provided. , Thesis (MA) -- Faculty of Business and Economic science, 2022
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- Date Issued: 2022-04
A reconceptualised perspective of the six-step financial planning process
- Authors: Kinsman, Estonia Jasmine
- Date: 2023-04
- Subjects: Financial planning industry , Affluent consumers
- Language: English
- Type: Doctoral's theses , text
- Identifier: http://hdl.handle.net/10948/60786 , vital:67404
- Description: The globally applied six-step financial planning process which is used by CFP® professionals to provide financial advice is designed to ensure that the financial advice is suitable, based on the needs of the consumer. However, given the diverse cultures in South Africa, this study argues that the six-step financial planning process (as it is currently applied) may not be suitable, as it requires contextualisation based on the unique needs of South African consumers. The various population groups in South Africa have their own sets of beliefs, values and cultural practices, and thus view aspects such as wealth (the creation, preservation and transference thereof), marriage, death and retirement, differently. Thus, financial planners who are not knowledgeable about different cultures, diverse financial needs, or the provisions of customary law, may not be able to provide suitable advice. The primary objective of the study is thus to reconceptualise the six-step financial planning process to be more inclusive, in order to better serve the financial planning needs of South African consumers. A comprehensive literature review was undertaken to provide the context and framework within which the reconceptualisation of the six-step financial planning process could be approached. An investigation of the financial planning environment and the financial planning process was completed to determine how the six-step financial planning process is currently applied in the South African context. Further, an investigation of culture and the cultural dimensions – power distance, uncertainty avoidance, individualism, masculinity, timeorientation and indulgence – was conducted, as it was clear that these cultural dimensions cannot be generalised to all South African consumers, due to the large degree of diversity within the population. It was also determined that there are various factors that contribute towards the cultural diversity of South African consumers, which may influence their financial needs and the type of financial advice that is required. These factors include race and ethnicity, marital regimes, procreation and family structures. To further illustrate the diversity of financial needs of South African consumers, a discussion of Black households and the application of financial planning legislation and customary law was provided. Black households are considered to be under-serviced, historically financially excluded, have low levels of financial literacy, and are mostly collectivist in nature. It is for these reasons that Black households are the focus of the study. Some of the financial needs that vi are common among Black households include land and property ownership, family wealth, family homesteads, lobola capital and ‘black tax’ expenditure. Given that the literature review established how the six-step financial planning process is currently applied, an interpretivist research philosophy was adopted in order to gain a deeper understanding of how the six-step financial planning process should be applied in a South African context. Further, the research approach in the context of this study is an inductive one, as the six-step financial planning process is an existing theory that was reconceptualised by considering the perceptions and experiences of 16 CFP® professionals and 14 Black South African households. A mono-method qualitative research methodology was used, with a single qualitative method of data collection (semi-structured interviews), and a single qualitative method of data analysis (latent content analysis). The findings of the study were used to provide a reconceptualised perspective of the six-step financial planning process which takes into consideration the fact that the image of a financial planner plays an important role when trying to establish a professional relationship with a client. The findings reveal that Black consumers in particular, generally have a negative image of a financial planner, which is influenced not only by their perceptions of a financial planner, but also by their self-perception of their own financial situation. The reconceptualised perspective of the six-step financial planning process also incorporates the finding that discussions around personal finances are considered impolite and taboo among the Black African community, which influences their ability to talk about these topics, trust a financial planner, and establish a professional relationship with them. The findings also reveal that a racial and gender bias exists among Black consumers – they prefer interacting with a White male financial planner, as they perceive them to be more competent and have more experience with finances and wealth accumulation. It was also found that CFP® professionals believe that having cultural awareness and cultural intelligence can reduce bias in the way that questions are asked, so as not to offend the client. Thus, cultural awareness was also incorporated into the reconceptualised perspective of the six-step financial planning process. It was also noted that it is important to ascertain clients’ level of financial literacy during the information gathering stage. Black consumers opined that in this regard, it is the role of the financial planner to both ascertain and ensure their clients’ financial literacy, and to offer financial education to ensure client understanding. vii Although the premise of the study is that South African consumers have unique financial needs due to the high degree of diversity among the population, it was the opinion of CFP® professionals that Black consumers, in particular, do not have unique financial needs – instead, they define their needs differently, have different exposures to financial resources to address their financial needs, and also prioritise and satisfy their needs differently. The prioritised financial needs of Black households (sub-themes) that emerged from both participant groups include the need to make provision for black tax, estate planning, funerals, and property ownership. Black household participants mentioned (to a greater extent than CFP® professionals did) the need to make provision for lobola and initiation schools, as these form part of several traditional ceremonies. The need to make provision for a family home was mentioned by Black household participants but not by CFP® professionals. It was discovered from Black household participants that stokvels are the most common micro-finance tool used by Black consumers, for various reasons. In fact for some, stokvels are preferred over formal financial products because they perceive that they yield a higher return, and others use them successfully to supplement their current provisions. These findings (among others) were incorporated into the reconceptualised perspective of the six-step financial planning process which is presented in this study. This study has made a contribution to the financial planning body of knowledge by presenting a reconceptualised perspective of the six-step financial planning process, and providing new knowledge on each of the associated six steps and their suitability in a South African context. This study also provides justification and evidence for the inclusion of aspects within the sixstep financial planning process that enhance the understanding of cultural diversity and needs of Black households in particular. Justification has also been provided for the inclusion of cultural aspects and diverse needs of Black consumers the in the academic curriculum of FPI and FSCA recognised qualifications, as well as the facilitation and learning outcomes of business and product-specific training that FSPs are required to provide to their representatives. The study findings also have implications for the development of the academic curriculum and assessment materials for CFP® professionals by recognised education providers, the FSCA regulatory examination, and the FPI professional competency examination. In addition, the study has provided evidence for the need to develop financial products, or customise existing financial products, that address the viii needs of Black households – especially culture-specific financial needs such as black tax, lobola and funding for initiation schools. Key words: Black households; CFP® professionals; culture; diverse needs; reconceptualisation; six-step financial planning process. , Thesis (MSc) -- Faculty of Science, School of Environmental Sciences, 2022
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- Date Issued: 2023-04
Credit risk management impact on loan performance in development finance institutions in South Africa
- Authors: Lekhelebana, Letlatsa George
- Date: 2022-04
- Subjects: Development finance institutions , Credit -- Management -- South Africa
- Language: English
- Type: Doctoral's theses , text
- Identifier: http://hdl.handle.net/10948/57698 , vital:58217
- Description: Development Finance Institutions ( play an important role in being a catalyst for economic development and growth where they operate. TUHF Group operates as a niche commercial property D FI funding entrepreneurs that seek to bring to market properties that deliver multi let housing units. This also deals with the pro blem of the lack of housing that South Africa has. For DFIs to operate optimally and be financially sustainable , they need to source funding from either shareholders or the financial markets. Financial markets require that the DFIs operate in a profitable manner to qualify for funding and this is also driven by the way the DFI manages the loan book’s integrity. This study examines the relationship between credit risk management policy, processes and procedures in practice and the TUHF Group and their impa ct on the performance of the loan book. In order that the research aim and objectives are fulfilled, and the research question answered, the study undertook an extensive review of existing literature on DFIs, the impact on economic development and growt h, the impact of badly performing loan books on the performance of companies and how this is impacted on by credit management structures, policies and procedures. An empirical study was conducted through the collection of primary data from the internal doc uments at TUHF Group and among some of the staff members at TUHF through a structured interviews based on open ended questions. The research revealed that there is indeed a link between the credit risk management processes and procedures at TUHF and the performance of the loan book, the findings indicated that the current policy and procedures is not sufficient for a well performing loan book and the pr imary data showed worsening performance of the loan book over time. These findings further indicate a requirement for TUHF to improve the credit policies and architecture for a sustainable financial performance in future. , Thesis (MA) -- Faculty of Business and Economic science, 2022
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- Date Issued: 2022-04
A critical analysis of a taxpayer’s rights relating to a request by sars for relevant material in respect of an audit
- Authors: Luff, Stephen Gary
- Date: 2022-04
- Subjects: Taxpayers , Value-Added Tax , Tax administration and procedure -- South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57711 , vital:58223
- Description: This treatise aimed to critically analyse a taxpayer’s rights relating to a request by SARS for relevant material, in respect of an audit (including information requested for the audit of prescribed tax periods). The study also considers whether such a request for relevant material infringes or threatens a taxpayer’s constitutional rights to privacy, information and just administrative action that is lawful, reasonable and procedurally fair. The research considered the information-gathering powers awarded to SARS in terms sections 3(2), 40 and 46 of the TAA versus a taxpayer’s rights to privacy, information and just administrative action in terms of the Constitution. The reasonable and justifiable limitation of taxpayers’ rights, in terms of the general limitation clause contained in section 36(1) of the Constitution, was also considered. The research method consisted of a literature review of various articles, journals, publications, books, statutes and related commentary, judicial decisions and comments of experts. The study revealed the following: • The definition of ‘relevant material’ allows SARS alone to subjectively determine what information is ‘foreseeably relevant’ for the ‘administration of a tax Act’, in respect of an audit. The threshold of what documentation is ‘foreseeably relevant’, is low, and the application of what is foreseeably relevant follows very broad grounds. • SARS’s discretion cannot be easily challenged as the provisions of section 46 of the TAA are peremptory and give rise to mandatory obligations, unless the taxpayer has ‘just cause’ for not providing the relevant material to SARS. • SARS must meet all the jurisdictional requirements of section 3(2) of the TAA to justify that the selection of a taxpayer for an audit or the request for relevant material is necessary for the purposes of the ‘administration of a tax Act’ and is not related to a ‘fishing expedition’ or some other ‘ulterior purpose’. • A taxpayer should evaluate the scope of the information requested to determine if it is ‘frivolous, over-zealous or patently irrelevant’ and falls outside the provisions of section 3(2). It is submitted that a taxpayer could resist such requests to information, to which SARS is not lawfully entitled, to ensure that its constitutional rights are not violated. • A taxpayer is not entitled to the information that SARS used to select it for an audit or SARS’s internal guidelines or policy manuals that are used by its assessors. The risk x indicators and red flags used by SARS to select a taxpayer for an audit constitute ‘SARS confidential information’ and a taxpayer does not have any legal right to specific reasons as to why his tax return has been selected for an audit. • SARS’s decision to request relevant material (or to conduct an audit) is a preliminary or initial step of a process and does not constitute ‘administrative action’ in terms of the PAJA, as it does not adversely affect a taxpayer’s rights nor have a direct external legal effect. A taxpayer therefore cannot rely on the PAJA to refuse such a request. • Even non-administrative action is subject to the broad constitutional ‘principle of legality’, which is an aspect of the rule of law implicit in the Constitution and provides a safety net when the PAJA does not apply. SARS must act within the scope of section 46 and the information requested must constitute ‘relevant material’ and must be ‘foreseeably relevant’ for the purposes of ‘administration of a tax Act’. SARS may not exercise its discretionary investigative powers in an arbitrary or irrational manner and its requests for information must be based on sound, rational decision-making. , Thesis (MA) -- Faculty of Business and Economic science, 2022
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- Date Issued: 2022-04
The finance linked individual subsidy programme: A housing policy assessment
- Authors: Machelesi, Yandiswa Shirley
- Date: 2022-04
- Subjects: Housing subsidies , Housing development
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/58286 , vital:58924
- Description: Since 1994, the democratic government has put various legislative measures in place to address the spatial legacies of apartheid and manifest the right to access adequate housing, which was denied to many South Africans. Twenty-seven years post-democracy, South Africa is still faced with glaring spatial inequalities, with many South Africans condemned to squalid and inadequate residential conditions. The need for housing continued outweigh what government can supply, thus making the right to access adequate housing an impossible dream for many. Some of the factors that have contributed to increased housing demand are urbanisation, migration and population growth. While democracy has introduced economic opportunities that have improved the lives of many South Africans who were once side-lined and discriminated against, South Africa remains racially polarised, with a widening gap between rich and poor. An increasing majority of South Africa falls in a low-middle income category, which is sometimes considered the middle class. In the context of housing, the middle class is characterised by people who are too rich to qualify for free government subsidised housing yet too poor to access housing finance from mainstream mortgage lenders , Thesis (MA) -- Faculty of Business and Economic science, 2022
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- Date Issued: 2022-04