'n Kritiese oorsig en studie van die werkinge van die bemarkingswet van 1937, tot en met die gewysigde en gekonsolideerde wetgewing van wet 59, van 1968 [Deel I]
- Authors: Smith, Evert Frederik
- Date: 1972
- Subjects: Mohair -- Marketing , Mohair industry -- South Africa , South Africa. Mohair Board
- Language: Afrikaans
- Type: Thesis , Masters , MCom
- Identifier: vital:1113 , http://hdl.handle.net/10962/d1014359
- Description: [From Introduction]. Navorsing oor hierdie proefskrif het meegebring dat die Bemarkingswet (soos gewysig) en die Suid-Afrikaanse Sybokhaarbedryf, intensief behandel en ontleed moes word om gevolgtrekkings te maak. Die navorsing het 'n baie wye veld gedek en aan die einde van elke hoofstuk, wat voltooi is, is die bron van inligting wat nageslaan is, genoem. Aan die einde van hierdie verhandeling en sitasie, sal die geografiese verwysings meer volledig aangetoon word. Daar was so baie bronne van navorsing dat alleenlik die belangrikste volgens my mening genoem en opgesom kon word. Omdat opsommings en gevolgtrekkings gemaak moes word van die bestaande inligting in sy geheel, is daar nie spesifiek kwoteer van waar sekere inligting bekom is nie. Deel I van hierdie proefskrif behandel die Bemarkingswet, sy ontstaan, kritiek en beginsels. Deel II handel oor die Sybokhaarraad, sy ontslaan, soos dit onder die Bemarkingsraad as In Beheerraad ressorteer, hoe hy daarin geslaag het om die Bemarkingswet toe te pas en sekere aanbevelings en opmerkings met betrekking tot die werkinge daarvan.
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- Date Issued: 1972
A comparative analysis of the divisia index and the simple sum monetary aggregates for South Africa
- Authors: Moyo, Solomon Simbarashe
- Date: 2009
- Subjects: Monetary policy -- South Africa , Money supply -- South Africa , Inflation finance -- South Africa , Index numbers (Economics)
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:945 , http://hdl.handle.net/10962/d1002679 , Monetary policy -- South Africa , Money supply -- South Africa , Inflation finance -- South Africa , Index numbers (Economics)
- Description: The effectiveness of monetary policy in achieving its macroeconomic objectives such as price stability and economic growth depend on the monetary policy tools that are implemented by the Central Bank. Monetary aggregates are one of the tools that have been used as indicators of economic activity and as intermediate targets to achieve these economic objectives. Until recently, monetary aggregates have been questioned and criticised on their usefulness in monetary policy. This has been attributed to the economic, financial and technological developments that have distorted the relationship between monetary aggregates and major macroeconomic variables. This study investigates the relevance of monetary aggregation by comparing the traditional simple sum and Divisia index monetary aggregates which was constructed for the first time for South Africa using the Tornquist-Theil method. The Polynomial Distributed Lag model is employed to compare the performance of these monetary aggregates using their relationship with inflation and manufacturing index. Furthermore, the aggregates are compared in terms of their controllability and information content. Overall, the study found a very strong relationship between inflation and all the monetary aggregates. However, more specifically the results suggested that the Divisia indices are superior to the simple sum in terms of predicting inflation. The evidence further suggests that the Divisia aggregates provide higher information about inflation than the simple sum aggregates. Regarding the controllability of the monetary aggregates, the findings suggest that the monetary authorities can hardly control the monetary aggregates using monetary base. Finally, the relationship between manufacturing index and all the monetary aggregates was very weak.
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- Date Issued: 2009
A cost-benefit analysis of electricity supply in a developing country, with reference to Venda
- Authors: Themeli, Tshimangadzo Booi
- Date: 1992
- Subjects: Electrification -- Economic aspects -- South Africa -- Venda , Electric utilities -- South Africa -- Venda , Cost effectiveness , Electrification -- Cost effectiveness
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1022 , http://hdl.handle.net/10962/d1002757 , Electrification -- Economic aspects -- South Africa -- Venda , Electric utilities -- South Africa -- Venda , Cost effectiveness , Electrification -- Cost effectiveness
- Description: This study concentrates specificaUy on assessing those elements of private and external costs and benefits which need to be accounted for in analyzing the role of electricity supply in a developing region. To facilitate this aim, three interrelated questions are addressed. The first question examines the reasons why a critical need for electrification in developing areas exists. In this regard, a selective review of the literature on development economics is offered, illuminating the previous neglect of the rural dimension in development and the associated problems of poverty and inequality, a lack of infrastructure and the general inability to fulfill basic needs. The second question is devoted exclusively to an economic analysis of the supply of electricity in developing areas. A broad theoretical review on whether an unregulated or regulated (private or public) sector should be responsible for the provision of electrification is presented. This evaluation highlights the various welfare implications and efficiency considerations that appear to be relevant in the present context. The final question, which constitutes the central proposition of the thesis, establishes how electrification should be supplied in developing areas. To this end, the conditions specific to a region in Venda are discussed. An attempt is made to identify the private and external costs and benefits relating to electricity supply and the corresponding costs and benefits pertaining to alternative sources of energy. Since the incidence and nature of these costs and benefits could only be ascertained from individual households, it was deemed necessary to undertake a questionnaire study of residents in Makwarela township and its periurban settlement of Lufule-Tshisele. A number of basic trends were evident from the research results. As far as the various benefits are concerned, respondents tended to place a much higher value on both the private and external benefits associated with electricity than its alternatives. At the same time, the survey found that although the private (or monetary) cost of electricity far exceeded the corresponding cost of alternative energy sources, the external costs were significant in the case of alternative energy sources, but virtually non-existent in the case of electricity. On the whole, the Venda survey seems to suggest that an economic case can be made for involving the broader community in subsidising the supply of electricity in Makwarela, Lufule-Tshisele and other areas. While such a subsidy can perhaps be justified on distribution grounds alone, and more specifically in terms of the rapid and pronounced effect it is likely to have on the quality of life in the region, its real worth lies in the fact that it may confer certain external benefits on the community.
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- Date Issued: 1992
A critical analysis of the marketing of mohair in South Africa with special reference to the period 1963 to 1989
- Authors: Norton, Eustace Herbert Fraser
- Date: 1992
- Subjects: Mohair -- South Africa -- Marketing , Mohair industry -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1020 , http://hdl.handle.net/10962/d1002755 , Mohair -- South Africa -- Marketing , Mohair industry -- South Africa
- Description: The objective of the research was to determine the extent to which marketing in general, and the Mohair Scheme in particular, played a part in the re-emergence of South Africa as the world's leading mohair producer. The two major components of the Scheme, the 'voorskot', or initial payment, and reserve prices were analysed separately. In an adaptive expectations, distributed lag model of supply adjustment, only the weighted rainfall and the average real net price of mohair during the previous season, were found to be important determinants of mohair production. The significant negative correlation between the average real net 'voorskot' price and mohair production was contrary to expectations, and probably due to the 'voorskot' always having been set well below the market price. The 'voorskot' may nevertheless have played an important part in making the Scheme as a whole acceptable to producers. As no record is kept of the reserve price, its influence was tested indirectly in two stages. In the first, its influence on price stability was determined by a comparison of ranges, standard deviations and variances, and by several multiple linear demand regressions. Three of the four models showed clearly that price stability was increased by the Mohair Scheme. In the second stage, formulae and diagrammatic analyses were used to assess the welfare gains and losses resulting from the Mohair Scheme. There was a welfare gain to local producers and most of the welfare costs of the Scheme were borne by foreign consumers. With this gain to producers and the more stable price, it was concluded that the reserve price had stimulated mohair production. It was therefore established that the Mohair Scheme had played a major part in the re-emergence of South Africa as the world' s leading mohair producer. Nevertheless, in view of the massive stockpiling in recent seasons, because the reserve price was set too high, the result was a substantial loss to the Scheme; it was therefore recommended that the Mohair Scheme be discontinued or, at least, that the reserve price should be set at a much lower long-run, market clearing level.
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- Date Issued: 1992
A critical analysis of the socioeconomic impact assessments of the Addo Elephant National Park
- Authors: Rose, Matthew Calvin
- Date: 2011
- Subjects: Addo Elephant National Park (South Africa) South African National Parks Economic impact analysis -- South Africa -- Addo Elephant National Park Environmental impact analysis -- South Africa -- Addo Elephant National Park
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:964 , http://hdl.handle.net/10962/d1002698
- Description: Impact assessment is a requirement for development in many countries across the globe, seeking to inform the decision-maker as to the environmental, social and economic impact of an ongoing or proposed project. Socioeconomic impact assessment (SEIA) is a means of informing decision-makers as to the socioeconomic effects a project could have, or is having, thus contributing to informing adaptive management practices. However, the tendency of socioeconomic impact assessment to highly quantitative economic methods of analysis raises the question of whether the desired results are achieved by the process. The purpose of the research was to determine whether highly quantitative forms of economic analysis are suitable for measurement of impacts in a social context where distributive as well as net impact is important; to critically analyze the method utilized in achieving highly quantitative economic impact assessment results; and lastly to draw conclusions and make recommendations regarding the efficacy of monitoring processes used to inform adaptive management practices. The research was conducted by means of a case study focusing on three SEIAs carried out on the same entity, namely the Addo Elephant National Park. Managed by South African National Parks (SANP), it began expanding its borders in the early 2000s. Funded by the World Bank, SANP was required to carry out a comprehensive Strategic Environmental Assessment (SEA) in 2003 to ensure the expansion did not have negative environmental, social and economic repercussions, and where such consequences were unavoidable, to ensure that mitigation and management thereof was informed by useful monitoring exercises. Given the need for resettlement and issues of economic distributive concern raised in the 2003 SEA, the three socioeconomic impact assessments conducted from 2005 – 2010 as part of the ongoing monitoring exercises formed an ideal framework for answering the primary research questions. The findings indicate that despite consistent terms of reference, different assessors interpret mandates from the commissioning body in different ways, leading to varied applications of the same theory, some methodologically better than others. Economic multiplier analysis was found to be inadequate as a measure of the distributive effects of economic impact. Moreover, a lack of consistency, accountability and transparency in the monitoring process led to three sets of results that were incomparable over time and thus inadequate as a means to inform adaptive management practices. Asymmetries of and between power and expertise in the commissioning body and the assessors led to breakdowns of the assessment process in terms of accountability and integrity and resulted in a failure to properly define the scope of the study and measure the relevant indicators. The following recommendations were made: that the economic multiplier method be complemented by additional methods of analysis when utilized in disparate social contexts where distribution of economic benefit is important; that monitoring practices be systematized at an early stage of the process to ensure comparable results useful in informing ongoing management practices; and that what an assessment measures and how it measures it be clarified with reference to an objective source. Finally, the number of factors for consideration in any impact assessment means that measurement of the full picture suffers resource constraints, emphasizing the need for impact assessment oversight to recognize the deficiencies of the process whilst still acknowledging that ‘some number is better than no number’.
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- Date Issued: 2011
A critical examination of the evidence regarding the size of manufacturing units in the footwear industry of South Africa, Great Britain, Canada and the U.S.A. with an assessment of the economic implications and consequences of these conditions in relation to the South African customs tariff
- Authors: Brits, R N
- Date: 1946
- Subjects: Footwear industry -- South Africa , Footwear industry , Tariff -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1080 , http://hdl.handle.net/10962/d1009755 , Footwear industry -- South Africa , Footwear industry , Tariff -- South Africa
- Description: Before the formation of Union in 1910 there were a few scattered boot and shoe factories in South Africa. Unfortunately, owing to lack of statistics, it is impossible to tell which of these establishments were actually manufacturing boots and shoes, and which were only engaged in repair work.
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- Date Issued: 1946
A holistic approach to consumption analysis in the popular music market
- Authors: Scheckter, Jonathan
- Date: 2006
- Subjects: Consumption (Economics) -- Moral and ethical aspects , Music trade -- South Africa , Popular music -- Economic aspects -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:981 , http://hdl.handle.net/10962/d1002715 , Consumption (Economics) -- Moral and ethical aspects , Music trade -- South Africa , Popular music -- Economic aspects -- South Africa
- Description: This thesis seeks to gain a holistic understanding of consumption issues in the popular music market, such that it needs to account for the influence of 1) technological factors, 2) institutional factors, 3) cultural factors, and 4) an ontological aspect; as these are identified to be the most prominent aspects in the literature on the market. While there is a bourgeoning literature on the market, there has been little formal attempt to link such issues in a comprehensive fashion. The methodology applied provides a critique of the literature on specific consumption theories which have apparent pertinence to the music market. Each of the sociological, psychological, and economic theories (neoclassical and radical) is found to be too generalized to provide such an understanding, in that many issues concerning the music market would need to be eschewed if these theories were to be applied in an orthodox fashion. Moreover, the theories tend to point towards each other for the possibility of a credible, holistic consumption analysis. The most useful and all-encompassing consumption theory reviewed is the systems of provision approach advanced by Fine and Leopold (1993), in that the approach aims to be sensitive to the difference between commodities in terms of the economic and social processes and structures by which they become commodities, and thus it can allow one to consider adequately the four requirements identified above for a holistic understanding of the market. This approach is then applied to the western music market with the aim of 1) testing the approach identified, and 2) making a specific comment of the market. The market is found to be characterized historically by three distinct periods, each with distinct systems of provision (i.e. each with the four factors identified above relating to each other in a certain manner). It is proposed that preference formations in the final period identified have been institutionalized to a large extent, and there is a low probability of change occurring. The systems of provision approach is argued to be beneficial in highlighting which aspects of the existing consumption theories are relevant to the market at a point in time, and to what extent. Thus the richness of the approach stems from its ability to gain a holistic understanding, and to identify theoretical discussion topics, such as those concerning political economy. The approach is then applied to the South African music market, using the same historical methodology, in conjunction with current empirical evidence from the market. Doing this allows one to test the generality of the systems of provision approach, and to attempt to make a comment on the South African market. The techniques for obtaining empirical evidence are argued to be sound, but resource constraints prevented the research from reflecting a holistic view of the market. Nonetheless, a rich perspective is provided from interviews with prominent agents in the market, and thus the chapter is argued to provide the beginning of an understanding of preference formations in the South African music market, in which little research has been conducted (Stella, 2005).
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- Date Issued: 2006
A price analysis of vegetables on the East London municipal market
- Authors: Fraser, Gavin Cecil Gilbert
- Date: 1983
- Subjects: Agricultural prices -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1055 , http://hdl.handle.net/10962/d1006970 , Agricultural prices -- South Africa
- Description: [Introduction] Much of the information available on the prices of vegetables marketed through the fresh produce markets is of limited use to producers. This information contains the actual prices for individual years. This can obviously be taken as a guide to future prices but it does not necessarily mean that those prices are a true reflection of the general pattern. In this study an attempt will be made, firstly, to establish whether a general pattern exists in the prices of selected vegetables on the East London municipal market. This will be attempted by studying the prices obtained over the 1964-1979 period. Information of this nature can be used as a basis for the planning of future crops. Secondly, to determine the months which obtain the "best" prices for the selected vegetables taking into account the quantities supplied to the market.
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- Date Issued: 1983
A regulationist approach to South Africa and a critique of inflation targeting
- Authors: Bax, Ryan Michael Jonathan
- Date: 2011
- Subjects: Inflation (Finance) -- South Africa International finance Economic development -- South Africa Sustainable development -- South Africa Inflation targeting -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1036 , http://hdl.handle.net/10962/d1004533
- Description: Since the 1970s, the international economic system has become prone to the volatility and undue effects associated with booms and busts. This forty year period spanning the present has exhibited restrained growth and repressive economic development. Critical changes to the system are presented by the transition from "Fordism" to the post 1970s neoliberal regime and the globalization of world markets. Underpinning this transformation is an ideological shift towards free market capitalism and the adoption of "reduced form" market models. These "reduced form" models appear to hinder economic sustainability as their grounding in economics fails to account for real economic activity. This thesis aims to provide a more holistic perception of sustainability, one that provides a sound basis on which to develop sustainable economic policy. The Regulationist Approach presents the requisite understanding of economic sustainability required within this research. The inclusion of economic, historical and socio-political fields of research proposes a wider understanding of the political economy and sustainability. The application of the Regulation Approach to the South African economy illustrates many problem areas that require attention. The examination found that firstly, aggregate demand in the South African economy was unsustainable due to the debt driven nature of demand under the asset price bubble of the mid to late 2000s. Secondly, aggregate supply also proved unsustainable as government is failing to provide any substantive growth within important sectors of the economy such as education and the provision of general services. Furthermore, the adoption of inflation targeting in South Africa poses a barrier to sustained economic growth as it focuses singularly on price inflation. The "reduced form" model of inflation targeting fails to account for market failures and a number of vital indicators of sustainability most notably, debt levels and asset prices. The inclusion of these indicators, and financial stability more generally, are found to provide a more holistic and sustainable approach to macroeconomic policymaking.
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- Date Issued: 2011
A review of the actuaries' capitalisation rate from an economic perspective
- Authors: Turner, Jason
- Date: 2006
- Subjects: Macroeconomics , Keynesian economics , Insurance -- Mathematics , South Africa -- Economic conditions -- 1961-1991 , South Africa -- Economic policy
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:992 , http://hdl.handle.net/10962/d1002727 , Macroeconomics , Keynesian economics , Insurance -- Mathematics , South Africa -- Economic conditions -- 1961-1991 , South Africa -- Economic policy
- Description: The purpose of this paper was to evaluate if the macroeconomic change that has occurred in the South African economy since the 1980s has been significant enough to justify a re-examination of the actuaries’ capitalisation rate, due to its formulation processes dependence on the macroeconomic situation. The need for the reexamination arises from the use of the capitalisation in the calculation of lump sum awards where even a small change in the rate can have a significant impact on the value of the final award. In order to address the issue an examination of how Keynesian expectations are formulated and an examination of the Government’s macroeconomic policy was conducted to provide the foundation. On this foundation, a trend analysis of the major groups of financial instruments, as well as the current outlooks for the South African economy, was conducted to determine if there was any indication of a significant change in the macroeconomic conditions. The results of the analysis provided a compelling case for the urgent need for the actuaries’ capitalisation rate to be recalculated to account for the changed economic situation.
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- Date Issued: 2006
A study of bantu retail traders in certain areas of the Eastern Cape
- Authors: Savage, R B
- Date: 1967
- Subjects: Retail trade -- Bantu-speaking peoples -- South Africa -- Eastern Cape , Black people -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1069 , http://hdl.handle.net/10962/d1007703 , Retail trade -- Bantu-speaking peoples -- South Africa -- Eastern Cape , Black people -- South Africa -- Eastern Cape
- Description: The beginning of the eighteenth century marks the start of economic relations between the colonists of the Cape and the Bantu. As early as 1702 a quarrel about the bartering of cattle had broken out between parties of Whites and Bantu, each of which had made their way, from opposite directions, into the area between the Gamtoos and the Kei Rivers. The Bantu, who were encountered in the Eastern Cape, belonged to the Xhosa-speaking tribes. They were cattle farmers who also practised some agriculture, but this was considered a subsidiary activity which was left to the women. Their economy was a self-sufficient subsistence one with each family an almost entirely self-supporting unit. Each relied on its own cattle and crops and built its own dwellings. To serve its own requirements, each family made domestic utensils out of wood, grass and clay. Iron implements were, however, made by special smiths.
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- Date Issued: 1967
A study of production and consumption of certain foodstuffs in South Africa during the period 1929-49, in relation to the increase in population and national income
- Authors: Baker, G C
- Date: 1936
- Subjects: Food consumption -- South Africa , Food supply -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1109 , http://hdl.handle.net/10962/d1013445
- Description: From Introduction: South Africa has experienced an almost revolutionary change in her food position in the last 10 years, what was previously a "farm problem" of assisting the primary producer has now become a "food problem" and this is a study of the development of those factors leading up to such a change. It is an empirical study attempting to measure the production and consumption of certain selected foodstuffs and to compare them with changes observed in the population and the National Income.
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- Date Issued: 1936
An analysis of the transport infrastructure of the Cape Midlands and Karroo regions
- Authors: Staude, G E
- Date: 1973
- Subjects: Transportation -- South Africa -- Cape of Good Hope , Railroads -- South Africa -- Cape of Good Hope -- History , Railroads -- Construction and development -- South Africa -- Cape of Good Hope -- History , Transportation, Automotive -- South Africa -- Cape of Good Hope , Roads -- Construction and development -- South Africa -- Cape of Good Hope
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1068 , http://hdl.handle.net/10962/d1007697
- Description: From Preface: In 1966, the Karroo Development Association approached Rhodes University to undertake a socio-economic survey of their region. This survey was to form the basis for development planning in view of the expected benefit to the region of the Orange River Project. Similar requests were also received from the Midlands Planning Association and the South Eastern Areas Development Association. When Rhodes University consulted the Department of Planning, which strongly supported the principle of a regional survey, it was decided that, although Port Elizabeth and its hinterland comprised a logical economic unit, the area should be sub-divided. The University of Port Elizabeth was entrusted with the responsibility for an analysis of the metropolitan area, while the Institute of Social and Economic Research of Rhodes University was commissioned to undertake a socio-economic survey of the inland areas. This thesis on the transport infrastructure of the Cape Midlands and Karroo Regions represents one aspect of the survey.
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- Date Issued: 1973
An analysis of the turn-of-the-year effect in South African equity returns
- Authors: Potgieter, Damien
- Date: 2007
- Subjects: Johannesburg Stock Exchange , FTSE International , Stock exchanges -- South Africa , Stock price indexes -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1063 , http://hdl.handle.net/10962/d1007605 , Johannesburg Stock Exchange , FTSE International , Stock exchanges -- South Africa , Stock price indexes -- South Africa
- Description: This study investigates FTSE/JSE All Share index monthly and daily equity returns for evidence of the January and TY effect. Four different measures of monthly return are analysed for the 1995-2006 period, whilst daily returns are analysed during the 1995-2005 period. In addition to this, analysis is conducted on monthly Fama-MacBeth risk premium estimates tor the FTSE/JSE All Share Index. Descriptive statistics are first analysed, followed by ANOV A or Kruskai-Wallis tests, the paired t-test and finally dummy variable regression analysis in investigating the seasonality of FTSE/JSE All Share Index returns and risk premia. Analysis on monthly returns reveals an absence of the January effect, however a positive slightly statistically significant December effect is found. Thus, investors earn abnormal returns on equity during the month of December. The results from the Fama-MacBeth risk premia estimates reveals highly statistically significant negative risk premia seasonal patterns during March, July and September. Thus, investors are in fact penalised for investing in equities during these months. In addition, the analysis reveals an absence of a December effect in risk premia, which contradicts the risk-return trade-off central to modem finance. The daily return analysis reveals a highly significant Turn-of-the-Year effect (TY), which suggests that investors earn abnormal returns on days at the turn of the year. Therefore, it is concluded that a December effect is apparent in South African equity monthly returns, whilst a March, July and September effect is apparent in South African equity risk premia contradicting the risk-return trade-off central to modem finance. In addition to this, a TY effect is present in South African equity daily returns.
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- Date Issued: 2007
An appraisal of basic infrastructural service delivery and community participation at the local level a case study of three municipalities in the Eastern Cape
- Authors: Mamba, Bonginkosi
- Date: 2008
- Subjects: Municipal services -- South Africa -- Eastern Cape Case studies , Housing policy -- South Africa -- Eastern Cape Case studies , Housing -- South Africa -- Eastern Cape Case studies , Local government -- South Africa -- Eastern Cape Case studies
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:958 , http://hdl.handle.net/10962/d1002692 , Municipal services -- South Africa -- Eastern Cape Case studies , Housing policy -- South Africa -- Eastern Cape Case studies , Housing -- South Africa -- Eastern Cape Case studies , Local government -- South Africa -- Eastern Cape Case studies
- Description: Housing provision plays a vital role in meeting basic needs. Dwellings provide the security required for basic functioning and are thus essential for both human development and the alleviation of poverty. This study examines the levels and quality of basic infrastructural service delivery (electricity, water and sanitation) at local government level, focusing on housing. The local government areas studied include Grahamstown Fort Beaufort and Duncan Village. This was done for the purposes of analyzing the effectiveness of the existing housing policy with regard to the adequacy of scale, its developmental logic, implementation and coordination. Justification for basic infrastructural service delivery is based on the Basic Needs Approach [BNA] which forms the cornerstone of the World Bank’s delivery framework. The paper makes use of two methods: firstly, secondary sources are used to provide an impression of the broad policy framework focusing around basic service delivery with housing as the centrepiece. Specific attention is thus given to Integrated Development Plans (IDPs) as this is the level of policy-making responsible for the delivery of these services to communities. Secondly, previously un-analysed data drawn from a household social exclusion survey (2005-2006) conducted in three Eastern Cape municipalities (Buffalo City, Makana and Nkonkobe – representing respectively urban, small town, and rural areas) are evaluated. The data are analysed two ways – graphically and through a regression analysis – to test four hypotheses regarding basic service delivery. Graphical analysis demonstrates that services differ according to housing type and location. It was found that brick houses seem more likely to have better basic services than either shacks or mud dwellings. The results also show that there are inequalities in the provision of certain basic services such as water and sanitation between Duncan Village and Grahamstown. Overall, the results of this study show that government is still faced with major challenges in addressing housing backlogs.
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- Date Issued: 2008
An economic analysis of eradicating alien vegetation as an alternative to conventional water supply schemes: a case study of the Krom and Kouga
- Authors: Carpenter, Robert Charles
- Date: 1999
- Subjects: Alien plants -- South Africa , Water-supply -- South Africa , Kouga River (South Africa)
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1000 , http://hdl.handle.net/10962/d1002735 , Alien plants -- South Africa , Water-supply -- South Africa , Kouga River (South Africa)
- Description: South Africa is classified as an arid to semi-arid region and water scarcity in South Africa has been identified as a key factor limiting socioeconomic development in the next century. In the Algoa region, the total urban plus agricultural water demand is expected to exceed the supply by the year 2005. The Kouga Working for Water Project aims to increase the base flow to the existing dams which supply the Port Elizabeth metropolitan area through the eradication of invasive alien trees in the riparian areas of the Krom and Kouga catchments. This thesis analyses the economic efficiency of optimal catchment management as a water supply scheme. A cost-benefit analysis is conducted for the Kouga eradication programme, and its desirability is evaluated in terms of the net present value (NPV) and the internal rate of return (IRR) criteria. In order to compare the cost-e~i.ciency of the eradication programme to alternative water supply augmentation schemes the Unit Reference Value (URV) is calculated for the project. The NPV for the project is calculated using a discount rate of 7% and amounts to nearly R24 million. This positive NPV indicates that the project is economically desirable in that it results in the improvement of human welfare. The IRR decision rule supports this finding. The URV of the eradication scheme is found to be competitive to that generated by more conventional schemes. Considered in the evaluation of the project are a host of environmental benefits that accompany the eradication of alien vegetation. This is in contrast to alternative schemes which result in several detrimental impacts to the environment. The economic analysis concludes that the eradication of alien vegetation is an efficient and desirable alternative water supply augmentation scheme. The conclusions drawn from the analysis of the eradication programme in this catchment area can be extended to other catchment areas, with the aim of promoting the most efficient supply of water.
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- Date Issued: 1999
An empirical analysis of financial stress within South Africa and its apparent co-movement with financial stress emanating from advanced and emerging economies
- Authors: Graham, Brydone
- Date: 2013
- Subjects: Financial crises -- South Africa Financial crises -- Developing countries Globalization -- Economic aspects -- South Africa International economic relations South Africa -- Economic conditions
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1053 , http://hdl.handle.net/10962/d1006795
- Description: The identification of financial stress, and an understanding of financial contagion on a global scale, is of critical importance to a South African economy that is becoming increasingly integrated into the global economy. The last decade has been characterised by periods of high economic growth, but also periods of significant financial instability culminating in global economic crises. This study examines the extent to which the South African financial system is exposed to distress abroad by identifying and measuring the co-movement of financial stress originating from within and outside South Africa. The study can be separated into two sections: the identification of financial stress and the measurement of financial contagion. Using monthly data for the period 2000 to 2012, three indices were constructed for the emerging markets, advanced economies and South Africa using varianceequal weighting. The indices were tested for contagion using the Johansen and Jesulius (1990) multivariate cointegration approach supplemented with basic OLS architecture and Impulse Response analysis. The results indicate the three constructed indices were highly accurate at identifying the intensity and timing of financial stress over the three regions respectively. It was found that the South African financial sector is highly susceptible to financial stress originating from advanced economies. The results obtained for financial stress emanating from emerging markets were not as conclusive and found to be insignificant. Overall, it is clear that the methods employed to identify financial stress are highly accurate and that South Africa is highly susceptible to financial stress originating from abroad. It is clear that advanced economies have a greater ability to affect financial stress in South Africa via contagion. It must be noted that this does not conclude that South Africa is not affected by emerging market crises, but that these crises tend to affect South Africa through advanced economy channels as defined within this thesis.
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- Date Issued: 2013
An empirical analysis of the long-run comovement, dynamic returns linkages and volatility transmission between the world major and the South African stock markets
- Authors: Chinzara, Zivanemoyo
- Date: 2008
- Subjects: Stock exchanges -- South Africa , Globalization -- Economic aspects -- South Africa , International economic relations , Portfolio management -- South Africa , Monetary policy -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:970 , http://hdl.handle.net/10962/d1002704 , Stock exchanges -- South Africa , Globalization -- Economic aspects -- South Africa , International economic relations , Portfolio management -- South Africa , Monetary policy -- South Africa
- Description: The international linkages of stock markets have important implications for cost of capital and portfolio diversification. Recent trends in globalization, financial liberalization and financial innovation raises questions with regard to whether African stock markets are being integrated into world equity markets. This study examines the extent to which the South African (SA) equity market is integrated into the world equity markets using daily data for the period 1995-2007. The study is divided into three main parts, each looking at the different ways in which integration can be considered. The first investigates whether there is long run comovement between the SA and the major global equity markets. Both bivariate and multivariate Johansen (1988) and Johansen and Juselius (1990) cointegration approaches were utilised. Vector Error Correction Models (VECMs) are then estimated for portfolios which show evidence of cointegration. The second part analyses returns linkages using the Vector Autoregressive (VAR), block exogeneity, impulse response and variance decomposition. The third part examines the behaviour of volatility and volatility linkages among the stock markets. Firstly volatility is analysed using the GARCH, EGARCH and GJR GARCH. Simultaneously, the hypothesis that investors receive a premium for investing in more risky stock markets is explored using the GARCH-in mean. The long term trend of volatility is also examined. Volatility linkages are then analysed using the VAR, block exogeneity, impulse response and variance decomposition. The first part established that no bivariate cointegration exists between the SA and any of the stock markets being studied, implying that pairwise portfolio diversification is potentially worthwhile for SA portfolio managers. However, multivariate cointegration exists for some portfolios, with the US, UK, Germany and SA showing evidence of error correction for some of these portfolios. Findings on return linkages is that there are significant returns linkages among the markets, with the US and SA being the most exogenous and most endogenous respectively. Findings regarding volatility are that the volatility in all the markets is inherently asymmetric and that except for the US there is no risk premium in any of the markets. The long term trend of volatility in all the stock markets was found to be relatively stable. The final finding was that significant volatility linkages exist among the markets, with the US being the most exogenous and SA and China showing evidence of bidirectional linkages. Overall, except for volatility linkages, the integration of SA into the global equity markets is still quite low. Thus, both SA and international investors can capitalise on this portfolio diversification potential. On the other hand, policy makers should capitalise on this and make policies that will attract the much needed foreign investors.
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- Date Issued: 2008
An investigation of the corporate planning concept in a South African motor manufacturing undertaking
- Authors: Coman, Keith Rawson
- Date: 1980
- Subjects: Business planning -- South Africa , Motor vehicle industry -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1081 , http://hdl.handle.net/10962/d1010583 , Business planning -- South Africa , Motor vehicle industry -- South Africa
- Description: The intention of this dissertation is to attempt to project the theoretical concept of Corporate (or Long-Range) Planning into the reality of one of South Africa's major motor vehicle manufacturing company's task environment. It is a sad fact that there are no universally - applicable practical planning "laws" (as are present within the discipline of, say, Physics) amidst the ever-changing hurly-burly world of modern commerce and industry. Accordingly, there are very real distinctions between distilled Corporate Planning theory, as it is propounded in the many available books and articles, and Corporate Planning practice as actually implemented. This is true largely by virtue of the fact that in the same way as persons differ in their physical and mental make-up, so too do individual companies; even to the extent of acquiring a distinct corporate "personality" of their own. Terms of reference, p. 1.
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- Date Issued: 1980
Aspects of the theory of human capital and its application to South African economic development
- Authors: Bates, Terrence
- Date: 1974
- Subjects: Human capital -- South Africa , South Africa -- Economic conditions -- 1961-1991
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1064 , http://hdl.handle.net/10962/d1007608 , Human capital -- South Africa , South Africa -- Economic conditions -- 1961-1991
- Description: Human capital is an important economic concept. The significance of human resource development, in the form of both education and health, has long been realised and was stressed even in the writings of the early economists. Introduction, p.1
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- Date Issued: 1974