Enhancement of domestic solar photovoltaic unit productivity through the use of a cost effective tracking system
- Authors: Cawood, John Henry
- Date: 2021-04
- Subjects: Photovoltaic power systems , Tracking (Engineering)
- Language: English
- Type: Doctoral's theses , text
- Identifier: http://hdl.handle.net/10948/59215 , vital:60313
- Description: The majority of new and existing small photovoltaic (PV) installations in South Africa are fixed-panel systems, largely due to the cost of photovoltaic panel components having reduced steadily in recent years where an increased requirement is met with a larger number of panels, whilst tracking system costs remain prohibitively expensive. Fixed installations realise only a part of their energy potential as they are truly effective for only short periods of the day. The aim of this study is to investigate and build on the current technology of PV tracking systems with the aim of specifying a simple control and actuation system which performs the tracking function. The eventual purpose of this thesis is to reliably produce more energy from solar photovoltaic installations than similar installations using fixed panels. This would be achieved by the use of an effective and affordable tracking system which yields acceptable accuracy and reliability and opens the potential for the system to be further developed for other purposes. These alternative uses could be the control of sunlight into green buildings, control of dampers for building ventilation and cooling and Trombe wall air control. This study has investigated the potential of several passive and active methods to actuate a sun tracking system. A useful closed loop system, which uses low pressure hydraulics, was developed and tested. The prototype is detailed in the drawings, Appendix D. , Thesis (PhD) -- Faculty of Engineering, the Built Environment, and Technology, 2021
- Full Text:
- Date Issued: 2021-04
- Authors: Cawood, John Henry
- Date: 2021-04
- Subjects: Photovoltaic power systems , Tracking (Engineering)
- Language: English
- Type: Doctoral's theses , text
- Identifier: http://hdl.handle.net/10948/59215 , vital:60313
- Description: The majority of new and existing small photovoltaic (PV) installations in South Africa are fixed-panel systems, largely due to the cost of photovoltaic panel components having reduced steadily in recent years where an increased requirement is met with a larger number of panels, whilst tracking system costs remain prohibitively expensive. Fixed installations realise only a part of their energy potential as they are truly effective for only short periods of the day. The aim of this study is to investigate and build on the current technology of PV tracking systems with the aim of specifying a simple control and actuation system which performs the tracking function. The eventual purpose of this thesis is to reliably produce more energy from solar photovoltaic installations than similar installations using fixed panels. This would be achieved by the use of an effective and affordable tracking system which yields acceptable accuracy and reliability and opens the potential for the system to be further developed for other purposes. These alternative uses could be the control of sunlight into green buildings, control of dampers for building ventilation and cooling and Trombe wall air control. This study has investigated the potential of several passive and active methods to actuate a sun tracking system. A useful closed loop system, which uses low pressure hydraulics, was developed and tested. The prototype is detailed in the drawings, Appendix D. , Thesis (PhD) -- Faculty of Engineering, the Built Environment, and Technology, 2021
- Full Text:
- Date Issued: 2021-04
Credit risk management impact on loan performance in development finance institutions in South Africa
- Lekhelebana, Letlatsa George
- 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
- Full Text:
- Date Issued: 2022-04
- 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
- Full Text:
- Date Issued: 2022-04
Human capital of financial planners and value creation in South African financial planning businesses
- Palframan, Jaqueline birgitta
- Authors: Palframan, Jaqueline birgitta
- Date: 2022-04
- Subjects: Human capital -- South Africa , Corporations--Finance
- Language: English
- Type: Doctoral's theses , text
- Identifier: http://hdl.handle.net/10948/58123 , vital:58582
- Description: Improved healthcare enables people to live longer and thus spend more time in retirement than ever before. In addition, South Africans have a low propensity to save and invest, resulting in the danger of them living longer than their finances permit. The financial planning industry is also experiencing the technological automation of many transactional services, which could make the “traditional” role of financial planners redundant. Furthermore, financial planning businesses are prone to failure, especially during the start-up phase. As such, appropriate business management strategies, especially those relating to human capital, are critical to facilitate the effective development of financial planning businesses and which will enable financial planners to better engage with existing and new clients, resulting in creating more value creation for their financial planning businesses and benefitting the South African economy at large. It is a well-known fact that people who engage with a financial planner report better outcomes in terms of financial and general well-being than those who approach financial planning with a “do-it-yourself” mindset, which further emphasises why the longevity of financial planning businesses in South Africa is important. To date, however, limited academic research has been conducted on the influence of financial planners’ human capital on value creation in their financial planning businesses. Furthermore, although research in the financial planning field is growing, previous research has mostly focused on areas pertaining to financial advice, the financial planning process and products used in financial planning, rather than on the creation of profitable businesses or on how to create value within these businesses. Against this background, the primary objective of this study is to investigate the influence of selected Human capitals of financial planners on value creation in South African financial planning businesses. More specifically, the study investigates the influence of the independent variables of Social capital (measured individually in terms of its sub-categories, Relational social capital, Network social capital and Cognitive social capital), Entrepreneurial capital and Psychological capital on the dependent variables (Perceived financial value creation and Perceived non-financial value creation). v Based on the primary objective and research questions of the study, as well as the assumptions of the researcher, this study was positioned in the positivistic research paradigm and a deductive approach to theory development was adopted. The purpose of the study was explanatory, and a mono-method, quantitative methodological approach was selected. A survey strategy using a cross-sectional approach was undertaken and a measuring instrument in the form of an online questionnaire was developed to gather the data required. After undertaking a pilot study, the electronic link to the covering letter and online questionnaire was sent to potential respondents identified through the convenience and snowball sampling techniques. The data collection yielded 360 usable responses from South African financial planners on which to undertake the statistical analysis. Data analysis ensued to investigate the hypothesised relationships between the independent and dependent variables. A confirmatory factor analysis (CFA) was performed on each of the factors that made up the measurement models. These CFAs were compared to the various goodness-of-fit indices and then validity and reliability assessments of the factors were conducted to confirm the suitability of the measuring instrument. Thereafter, Cronbach’s alpha coefficients, average variance extracted (AVE) estimates and squared correlations between the constructs were reported. The hypothesised model was confirmed based on these analyses. Descriptive statistics and correlation results on the dependent and independent variables were then reported. Structural equation modelling (SEM) was used as the statistical technique to test the significance of the hypothesised direct and moderating relationships. The results confirmed a direct, significant relationship between all the independent variables, namely, Social capital (measured individually in terms of its sub-categories, Relational social capital, Network social capital and Cognitive social capital), Entrepreneurial capital and Psychological capital, and the dependent variables (Perceived financial value creation and Perceived non-financial value creation). Regarding the hypothesised moderating influence of Social capital on the relationships between the independent variables Entrepreneurial capital and Psychological capital, and the dependent variables, it was found that only Relational social capital and Network social capital moderated the relationship between Psychological capital and Perceived financial value creation. vi This study has contributed to the body of knowledge of financial planning in general, as well as how the human capital of financial planners influences both financial and non-financial value creation in financial planning businesses. Practical recommendations were made that could enhance financial planners’ value creation in financial planning businesses, which, in turn, would influence the sustainability of these important businesses. , Thesis (PhD) -- Faculty of Business and Economic science, 2022
- Full Text:
- Date Issued: 2022-04
- Authors: Palframan, Jaqueline birgitta
- Date: 2022-04
- Subjects: Human capital -- South Africa , Corporations--Finance
- Language: English
- Type: Doctoral's theses , text
- Identifier: http://hdl.handle.net/10948/58123 , vital:58582
- Description: Improved healthcare enables people to live longer and thus spend more time in retirement than ever before. In addition, South Africans have a low propensity to save and invest, resulting in the danger of them living longer than their finances permit. The financial planning industry is also experiencing the technological automation of many transactional services, which could make the “traditional” role of financial planners redundant. Furthermore, financial planning businesses are prone to failure, especially during the start-up phase. As such, appropriate business management strategies, especially those relating to human capital, are critical to facilitate the effective development of financial planning businesses and which will enable financial planners to better engage with existing and new clients, resulting in creating more value creation for their financial planning businesses and benefitting the South African economy at large. It is a well-known fact that people who engage with a financial planner report better outcomes in terms of financial and general well-being than those who approach financial planning with a “do-it-yourself” mindset, which further emphasises why the longevity of financial planning businesses in South Africa is important. To date, however, limited academic research has been conducted on the influence of financial planners’ human capital on value creation in their financial planning businesses. Furthermore, although research in the financial planning field is growing, previous research has mostly focused on areas pertaining to financial advice, the financial planning process and products used in financial planning, rather than on the creation of profitable businesses or on how to create value within these businesses. Against this background, the primary objective of this study is to investigate the influence of selected Human capitals of financial planners on value creation in South African financial planning businesses. More specifically, the study investigates the influence of the independent variables of Social capital (measured individually in terms of its sub-categories, Relational social capital, Network social capital and Cognitive social capital), Entrepreneurial capital and Psychological capital on the dependent variables (Perceived financial value creation and Perceived non-financial value creation). v Based on the primary objective and research questions of the study, as well as the assumptions of the researcher, this study was positioned in the positivistic research paradigm and a deductive approach to theory development was adopted. The purpose of the study was explanatory, and a mono-method, quantitative methodological approach was selected. A survey strategy using a cross-sectional approach was undertaken and a measuring instrument in the form of an online questionnaire was developed to gather the data required. After undertaking a pilot study, the electronic link to the covering letter and online questionnaire was sent to potential respondents identified through the convenience and snowball sampling techniques. The data collection yielded 360 usable responses from South African financial planners on which to undertake the statistical analysis. Data analysis ensued to investigate the hypothesised relationships between the independent and dependent variables. A confirmatory factor analysis (CFA) was performed on each of the factors that made up the measurement models. These CFAs were compared to the various goodness-of-fit indices and then validity and reliability assessments of the factors were conducted to confirm the suitability of the measuring instrument. Thereafter, Cronbach’s alpha coefficients, average variance extracted (AVE) estimates and squared correlations between the constructs were reported. The hypothesised model was confirmed based on these analyses. Descriptive statistics and correlation results on the dependent and independent variables were then reported. Structural equation modelling (SEM) was used as the statistical technique to test the significance of the hypothesised direct and moderating relationships. The results confirmed a direct, significant relationship between all the independent variables, namely, Social capital (measured individually in terms of its sub-categories, Relational social capital, Network social capital and Cognitive social capital), Entrepreneurial capital and Psychological capital, and the dependent variables (Perceived financial value creation and Perceived non-financial value creation). Regarding the hypothesised moderating influence of Social capital on the relationships between the independent variables Entrepreneurial capital and Psychological capital, and the dependent variables, it was found that only Relational social capital and Network social capital moderated the relationship between Psychological capital and Perceived financial value creation. vi This study has contributed to the body of knowledge of financial planning in general, as well as how the human capital of financial planners influences both financial and non-financial value creation in financial planning businesses. Practical recommendations were made that could enhance financial planners’ value creation in financial planning businesses, which, in turn, would influence the sustainability of these important businesses. , Thesis (PhD) -- Faculty of Business and Economic science, 2022
- Full Text:
- Date Issued: 2022-04
Lived Experiences of Repeat Sex Offenders in a Zimbabwean Juvenile Prison Regarding Secondary Desistance
- Authors: Chingozho, Johnson
- Date: 2022-04
- Subjects: Sex Offender -- Zimbabwe , Prison violence
- Language: English
- Type: Doctoral's theses , text
- Identifier: http://hdl.handle.net/10948/58750 , vital:60084
- Description: Juvenile sex offending is a serious crime that represents a social dysfunction for the offender, an injury to the community and a traumatic experience for the victim. Sex offending is generally perceived to be a conscious and intentional decision. Adolescent sex offending may be attributed to emotional immaturity and faulty thinking patterns. While interventions have been developed in Western settings, it appears they have failed to reduce reoffending among juvenile sex offenders in Zimbabwe. This is attributed to a lack of a culturally responsive psychological programme developed for the Zimbabwean adolescent sex offender. The study employed a phenomenological qualitative research approach that is exploratory, descriptive and theory generative in design. The Integrated Theory of Desistance from Sex Offending (ITDSO) underpinned the research study. The ITDSO’s three temporal dimensions namely: decisive momentum, rehabilitation and reentry were instrumental in the framing of the interview questions used in fieldwork and the development of the Zimbabwe Adolescent Sex Offender Psychoeducational Programme (ZASOPP). The research study took place in four phases. Phase 1 of the study constituted an integrative literature review utilising Whittemore and Knafl’s framework. Synthesis of the literature was conducted and analysed in terms of the themes that emerged that were relevant to juvenile sex offending and desistance. Phase 2 employed a qualitative phenomenological approach to understand the lived experiences of repeat juvenile sex offenders regarding secondary desistance in a Zimbabwean juvenile prison. The data collection process involved in-depth semi-structured interviews with 11 male repeat juvenile sex offenders between the ages of 17 and 21 years. The interviews were conducted in the Shona language. The data collected from the semi-structured interviews were transcribed verbatim, coded, and analysed by the researcher vii utilising the Colaizzi method. Phase 2 revealed a lack of parental guidance, minimisation, poor social skills, poor academic achievement, alcohol, and drug misuse as perceived factors influencing sex reoffending among juvenile sex offenders. The fear of prison, hopelessness, and challenges in adapting to the new reality in prison contributed to pains of imprisonment. Predictably, the study findings further revealed a lack of an appropriate psychological rehabilitation programme targeted at intervention among juvenile sex offenders. Phase 3 of the research study involved the development of a conceptual framework from the synthesis of findings from the integrative literature review, fieldwork and six concepts of the survey list of the Dickoff, James and Wiedenbach theory. The conceptual framework was used as a basis for the development of a psychoeducational programme. Phase 4 of the research study involved the development of a Zimbabwe Adolescent Sex Offender Psychoeducational Programme as informed by the conceptual framework developed in Phase 3 for clinical assessment and intervention among juvenile sex offenders in prison. The formulated programme would be used to intervene among juvenile sex offenders in a Zimbabwean juvenile prison to assist them to have psychological, mental well-being and to enhance secondary desistance. , Thesis (PhD) -- Faculty of Health Sciences, 2022
- Full Text:
- Date Issued: 2022-04
- Authors: Chingozho, Johnson
- Date: 2022-04
- Subjects: Sex Offender -- Zimbabwe , Prison violence
- Language: English
- Type: Doctoral's theses , text
- Identifier: http://hdl.handle.net/10948/58750 , vital:60084
- Description: Juvenile sex offending is a serious crime that represents a social dysfunction for the offender, an injury to the community and a traumatic experience for the victim. Sex offending is generally perceived to be a conscious and intentional decision. Adolescent sex offending may be attributed to emotional immaturity and faulty thinking patterns. While interventions have been developed in Western settings, it appears they have failed to reduce reoffending among juvenile sex offenders in Zimbabwe. This is attributed to a lack of a culturally responsive psychological programme developed for the Zimbabwean adolescent sex offender. The study employed a phenomenological qualitative research approach that is exploratory, descriptive and theory generative in design. The Integrated Theory of Desistance from Sex Offending (ITDSO) underpinned the research study. The ITDSO’s three temporal dimensions namely: decisive momentum, rehabilitation and reentry were instrumental in the framing of the interview questions used in fieldwork and the development of the Zimbabwe Adolescent Sex Offender Psychoeducational Programme (ZASOPP). The research study took place in four phases. Phase 1 of the study constituted an integrative literature review utilising Whittemore and Knafl’s framework. Synthesis of the literature was conducted and analysed in terms of the themes that emerged that were relevant to juvenile sex offending and desistance. Phase 2 employed a qualitative phenomenological approach to understand the lived experiences of repeat juvenile sex offenders regarding secondary desistance in a Zimbabwean juvenile prison. The data collection process involved in-depth semi-structured interviews with 11 male repeat juvenile sex offenders between the ages of 17 and 21 years. The interviews were conducted in the Shona language. The data collected from the semi-structured interviews were transcribed verbatim, coded, and analysed by the researcher vii utilising the Colaizzi method. Phase 2 revealed a lack of parental guidance, minimisation, poor social skills, poor academic achievement, alcohol, and drug misuse as perceived factors influencing sex reoffending among juvenile sex offenders. The fear of prison, hopelessness, and challenges in adapting to the new reality in prison contributed to pains of imprisonment. Predictably, the study findings further revealed a lack of an appropriate psychological rehabilitation programme targeted at intervention among juvenile sex offenders. Phase 3 of the research study involved the development of a conceptual framework from the synthesis of findings from the integrative literature review, fieldwork and six concepts of the survey list of the Dickoff, James and Wiedenbach theory. The conceptual framework was used as a basis for the development of a psychoeducational programme. Phase 4 of the research study involved the development of a Zimbabwe Adolescent Sex Offender Psychoeducational Programme as informed by the conceptual framework developed in Phase 3 for clinical assessment and intervention among juvenile sex offenders in prison. The formulated programme would be used to intervene among juvenile sex offenders in a Zimbabwean juvenile prison to assist them to have psychological, mental well-being and to enhance secondary desistance. , Thesis (PhD) -- Faculty of Health Sciences, 2022
- Full Text:
- Date Issued: 2022-04
Re-industrialisation of the Nelson Mandela Metropole regional economy
- Authors: Sipuka, Msingathi
- Date: 2022-04
- Subjects: Economic growth , Economic development -- Nelson Mandela
- Language: English
- Type: Doctoral's theses , text
- Identifier: http://hdl.handle.net/10948/58190 , vital:58675
- Description: The main assumption underlying this study is that structural change brings about growth and in turn translates to poverty reduction through the expansion of labour absorbing economic sectors and employment in higher productivity non-primary sectors. Since labour productivity in non-primary sectors is higher, the large-scale migration of labour out of primary activity should raise labour incomes and result in poverty reducing growth. Economic growth driven by structural change in income and employment should therefore aid and promote poverty reduction. Notwithstanding the important role of the national sphere of government in setting the industrial policy framework in the country, this research places emphasis on the role and contribution of regional economies in translating active industrial policy into implementation and development results. In South Africa the rise in poverty can be partially attributed to an economy that is not growing at the required rates needed to, among others, create the necessary employment opportunities at scale. The ability to adequately respond to these national development challenges depends on key economic regions in the country unlocking growth in several economic sectors, in particular the manufacturing sector which is described as labour-intensive and with a high multiplier effect on the economy. To this end, the capacity of regional governments working with regional stakeholders to plan, coordinate, implement and provide oversight over integrated regional industrialisation strategies and implementation plans becomes pivotal. Equally, the Nelson Mandela Metropole, which is the geographic area of focus for this study, has identified and prioritised the growth of the manufacturing sector as one of its economic priorities, reflecting its ambition of driving a programme of re-industrialisation and positioning the region as one of the country’s industrial centres. The main proposition of this study is that the Nelson Mandela Metropole, like other regional economies in the country, is not able to drive the programme of re-industrialisation. The reason for this inability is that it does not have a coherent framework of levers that are at the disposal of regional governments and regional stakeholders to design and implement a programme of re-industrialisation within the ii context of a globalised economy but that takes into consideration national peculiarities of the manufacturing sector. The fact that the regions do not have an integrated regional implementation plan for reviving the manufacturing sector creates an eco-system where there is limited coordination of the actions of different role players, in turn limiting collaboration within the region. The research has identified a gap in the literature between the two areas that impact on this study, namely, industrial development and regional economic development. The study navigates the literature across these two areas to emerge with a synthesised framework of strategic enablers for industrialisation at a regional level. These strategic enablers can be used by regional governments to develop an integrated regional framework to drive the industrialisation programme at this level. With specific reference to the Nelson Mandela Metropole, the study used a mixed methods research approach to assess regional actors’ views on the strategic enablers identified through the literature. A survey was employed to extract data from manufacturing enterprises in the region on the perceived constraints to the growth of the manufacturing sector. The quantitative data were complemented by qualitative data collected through semi-structured interviews with key regional informants. The results of the study reveal some of the general weaknesses that confront the region as it pursues regional industrialisation. Importantly, the study uses the identified regional strategic enablers to develop a framework that can be used by regional actors to design an implementation plan. , Thesis (PhD) -- Faculty of Business and Economic science, 2022
- Full Text:
- Date Issued: 2022-04
- Authors: Sipuka, Msingathi
- Date: 2022-04
- Subjects: Economic growth , Economic development -- Nelson Mandela
- Language: English
- Type: Doctoral's theses , text
- Identifier: http://hdl.handle.net/10948/58190 , vital:58675
- Description: The main assumption underlying this study is that structural change brings about growth and in turn translates to poverty reduction through the expansion of labour absorbing economic sectors and employment in higher productivity non-primary sectors. Since labour productivity in non-primary sectors is higher, the large-scale migration of labour out of primary activity should raise labour incomes and result in poverty reducing growth. Economic growth driven by structural change in income and employment should therefore aid and promote poverty reduction. Notwithstanding the important role of the national sphere of government in setting the industrial policy framework in the country, this research places emphasis on the role and contribution of regional economies in translating active industrial policy into implementation and development results. In South Africa the rise in poverty can be partially attributed to an economy that is not growing at the required rates needed to, among others, create the necessary employment opportunities at scale. The ability to adequately respond to these national development challenges depends on key economic regions in the country unlocking growth in several economic sectors, in particular the manufacturing sector which is described as labour-intensive and with a high multiplier effect on the economy. To this end, the capacity of regional governments working with regional stakeholders to plan, coordinate, implement and provide oversight over integrated regional industrialisation strategies and implementation plans becomes pivotal. Equally, the Nelson Mandela Metropole, which is the geographic area of focus for this study, has identified and prioritised the growth of the manufacturing sector as one of its economic priorities, reflecting its ambition of driving a programme of re-industrialisation and positioning the region as one of the country’s industrial centres. The main proposition of this study is that the Nelson Mandela Metropole, like other regional economies in the country, is not able to drive the programme of re-industrialisation. The reason for this inability is that it does not have a coherent framework of levers that are at the disposal of regional governments and regional stakeholders to design and implement a programme of re-industrialisation within the ii context of a globalised economy but that takes into consideration national peculiarities of the manufacturing sector. The fact that the regions do not have an integrated regional implementation plan for reviving the manufacturing sector creates an eco-system where there is limited coordination of the actions of different role players, in turn limiting collaboration within the region. The research has identified a gap in the literature between the two areas that impact on this study, namely, industrial development and regional economic development. The study navigates the literature across these two areas to emerge with a synthesised framework of strategic enablers for industrialisation at a regional level. These strategic enablers can be used by regional governments to develop an integrated regional framework to drive the industrialisation programme at this level. With specific reference to the Nelson Mandela Metropole, the study used a mixed methods research approach to assess regional actors’ views on the strategic enablers identified through the literature. A survey was employed to extract data from manufacturing enterprises in the region on the perceived constraints to the growth of the manufacturing sector. The quantitative data were complemented by qualitative data collected through semi-structured interviews with key regional informants. The results of the study reveal some of the general weaknesses that confront the region as it pursues regional industrialisation. Importantly, the study uses the identified regional strategic enablers to develop a framework that can be used by regional actors to design an implementation plan. , Thesis (PhD) -- Faculty of Business and Economic science, 2022
- Full Text:
- Date Issued: 2022-04
The perception of school management teams and Teachers about their role to implement the national school nutrition programme in the Sisonke District in KwaZulu-Natal
- Authors: Zulu, Xolani Wycliff
- Date: 2022-04
- Subjects: School management teams , nutrition -- Study and teaching -- KwaZulu-Natal
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/56102 , vital:55420
- Description: This study focused on the perception of School Management Teams and Teachers about their role to implement the national school nutrition programme in the Sisonke District in KwaZulu-Natal (South Africa). The national school nutrition programme like any other projects in the country, faces some changes in the District which seem to interfere with the role of stakeholders in implementing the programme. This study explored the following research question with the set of secondary research questions: What are the perceptions of School Management Teams and Teachers in the Sisonke District of KwaZulu-Natal about their role in National School Nutrition Programme? • What perceptions do teachers and school managers have on the implementation of National School Nutrition Programme? • What challenges do Teachers and School Managers have to enhance the objectives of the National School Nutrition Programme? Both Teachers and School Managers were conveniently and purposively selected. For the generation of data, semi-structured interviews were used which were tape-recorded which were followed by transcription of data with interim analysis. Data was also generated through the use document analysis. Thematic analysis was used to analyse the data, which was theoretically framed by Maslow’s theory of motivation, Hertzberg two-factor motivation theory, Lawler and Porter’s Expectancy theory of motivation and the Situational theory of Hersey and Blanchard through which, I lens the study and managed to explain the findings. The study findings revealed that most Teachers and School Managers perceived national school nutrition programme as an important programme in the context of Umzimkhulu as it isa deep rural area. Despite the positive perceptions of Teachers and School Managers about their role, the study findings further revealed that they are facing some challenges in the implementation of the programme. The findings have several implications for poverty alleviation in the Sisonke District, job creation and improved learner’s attendance, improved health conditions of learners. They also highlighted the weaknesses of the DBE official’s nutrition sub-directorate about role players of the programme. Both stakeholders in fulfilling their role, should take into consideration the constitutional rights of learners as some of them are in Maslow’s hierarchy of needs. , Thesis (PhD) -- Faculty of Education, 2022
- Full Text:
- Date Issued: 2022-04
- Authors: Zulu, Xolani Wycliff
- Date: 2022-04
- Subjects: School management teams , nutrition -- Study and teaching -- KwaZulu-Natal
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/56102 , vital:55420
- Description: This study focused on the perception of School Management Teams and Teachers about their role to implement the national school nutrition programme in the Sisonke District in KwaZulu-Natal (South Africa). The national school nutrition programme like any other projects in the country, faces some changes in the District which seem to interfere with the role of stakeholders in implementing the programme. This study explored the following research question with the set of secondary research questions: What are the perceptions of School Management Teams and Teachers in the Sisonke District of KwaZulu-Natal about their role in National School Nutrition Programme? • What perceptions do teachers and school managers have on the implementation of National School Nutrition Programme? • What challenges do Teachers and School Managers have to enhance the objectives of the National School Nutrition Programme? Both Teachers and School Managers were conveniently and purposively selected. For the generation of data, semi-structured interviews were used which were tape-recorded which were followed by transcription of data with interim analysis. Data was also generated through the use document analysis. Thematic analysis was used to analyse the data, which was theoretically framed by Maslow’s theory of motivation, Hertzberg two-factor motivation theory, Lawler and Porter’s Expectancy theory of motivation and the Situational theory of Hersey and Blanchard through which, I lens the study and managed to explain the findings. The study findings revealed that most Teachers and School Managers perceived national school nutrition programme as an important programme in the context of Umzimkhulu as it isa deep rural area. Despite the positive perceptions of Teachers and School Managers about their role, the study findings further revealed that they are facing some challenges in the implementation of the programme. The findings have several implications for poverty alleviation in the Sisonke District, job creation and improved learner’s attendance, improved health conditions of learners. They also highlighted the weaknesses of the DBE official’s nutrition sub-directorate about role players of the programme. Both stakeholders in fulfilling their role, should take into consideration the constitutional rights of learners as some of them are in Maslow’s hierarchy of needs. , Thesis (PhD) -- Faculty of Education, 2022
- Full Text:
- Date Issued: 2022-04
Developing metacognition through the use of Technology in self-organised learning environments in grade 11 Physical Sciences
- Authors: Tsamago, Hodi Elias
- Date: 2022-06
- Subjects: Metacognition , Technology
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59910 , vital:62687
- Description: The study was carried out to investigate the effect of the use of technology in self-organised learning environments (SOLEs) (in Physical Sciences classrooms) on learners’ metacognitive skills. The study contributes by identifying a technology-enhanced pedagogy that can effectively equip learners with metacognitive skills, which many studies have reported as having an effect on Physical Sciences learners’ conceptual understanding. The study followed an experimental (control group quasi-experimental) methods design, in which both qualitative and quantitative data were collected and analysed. A multistep stratified sampling method (which caters for both quantitative and qualitative facets) was employed to choose four schools (two rural and two urban) to participate in the study. These schools were randomly chosen from the population of all schools offering Physical Sciences in Grade 11 in the Capricorn District of Limpopo Province, South Africa were assigned to urban experimental group and rural experimental group (UEG and REG) and urban control group and rural control group (UCG and RCG) using geographical demographics. The participants were selected using both simple random sampling (for quantitative methods) and purposive sampling (for qualitative methods). The experimental groups were taught by the researcher using self-organised learning environments (SOLEs) pedagogy, while control groups were taught (also by the researcher of the study) using a traditional chalk-and-talk approach. A Physical Sciences concepts pre-/post-test and the Metacognitive Self-Assessment Scale (MSAS) questionnaire were used to glean the quantitative data, while focus group interviews (FGIs) were used to obtain the qualitative data. The analysis of the quantitative data employed both descriptive (mean, standard deviation and graphs) and inferential (both parametric t-test and non-parametric Kruskal-Wallis and Wilcoxon signed-rank tests) statistics computed using the SPSS package version 22, while qualitative data were analysed thematically using coding techniques (applied on a sentence-by-sentence basis) after the transcription of the recorded FGIs. The study found that SOLEs pedagogy improves learners’ metacognitive skills, leading to better Physical Sciences conceptual understanding. In addition, the results indicate that all v aspects of metacognitive skills improved in experimental groups; however, certain aspects exhibited outstanding improvement such as “Respect shown to myself”; “Respect shown to others”; “Respect shown for empathy towards others” and “Respect shown towards problem solving”. Furthermore, the results of the FGIs revealed that a plausible explanation for the ability of SOLEs pedagogy to enhance metacognitive skills lies in its effortlessness to enable learners to link their classroom experiences to real-life experiences; simulate practical work; adapt to collaborative learning; use multiple channels for receiving information; and reducing learners’ reliance on the teacher. Hence, this study recommends the implementation of SOLEs pedagogy in the Physical Sciences classroom to improve learners’ metacognitive skills and conceptual understanding. However, the study had limitations, some of which included the sample size (which has an effect on the degree of generalisability of the research findings) and the period during which SOLEs pedagogy was implemented which might not have been long enough to exhaust its effect on metacognitive skills. Accordingly, further studies employing a longitudinal study design with a sample size bigger than 350 participants would be useful in understanding the effects of SOLEs pedagogy on metacognitive skills and improving the generalisability of research findings. , Thesis (PHD) -- Faculty of Education, 2022
- Full Text:
- Date Issued: 2022-06
- Authors: Tsamago, Hodi Elias
- Date: 2022-06
- Subjects: Metacognition , Technology
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59910 , vital:62687
- Description: The study was carried out to investigate the effect of the use of technology in self-organised learning environments (SOLEs) (in Physical Sciences classrooms) on learners’ metacognitive skills. The study contributes by identifying a technology-enhanced pedagogy that can effectively equip learners with metacognitive skills, which many studies have reported as having an effect on Physical Sciences learners’ conceptual understanding. The study followed an experimental (control group quasi-experimental) methods design, in which both qualitative and quantitative data were collected and analysed. A multistep stratified sampling method (which caters for both quantitative and qualitative facets) was employed to choose four schools (two rural and two urban) to participate in the study. These schools were randomly chosen from the population of all schools offering Physical Sciences in Grade 11 in the Capricorn District of Limpopo Province, South Africa were assigned to urban experimental group and rural experimental group (UEG and REG) and urban control group and rural control group (UCG and RCG) using geographical demographics. The participants were selected using both simple random sampling (for quantitative methods) and purposive sampling (for qualitative methods). The experimental groups were taught by the researcher using self-organised learning environments (SOLEs) pedagogy, while control groups were taught (also by the researcher of the study) using a traditional chalk-and-talk approach. A Physical Sciences concepts pre-/post-test and the Metacognitive Self-Assessment Scale (MSAS) questionnaire were used to glean the quantitative data, while focus group interviews (FGIs) were used to obtain the qualitative data. The analysis of the quantitative data employed both descriptive (mean, standard deviation and graphs) and inferential (both parametric t-test and non-parametric Kruskal-Wallis and Wilcoxon signed-rank tests) statistics computed using the SPSS package version 22, while qualitative data were analysed thematically using coding techniques (applied on a sentence-by-sentence basis) after the transcription of the recorded FGIs. The study found that SOLEs pedagogy improves learners’ metacognitive skills, leading to better Physical Sciences conceptual understanding. In addition, the results indicate that all v aspects of metacognitive skills improved in experimental groups; however, certain aspects exhibited outstanding improvement such as “Respect shown to myself”; “Respect shown to others”; “Respect shown for empathy towards others” and “Respect shown towards problem solving”. Furthermore, the results of the FGIs revealed that a plausible explanation for the ability of SOLEs pedagogy to enhance metacognitive skills lies in its effortlessness to enable learners to link their classroom experiences to real-life experiences; simulate practical work; adapt to collaborative learning; use multiple channels for receiving information; and reducing learners’ reliance on the teacher. Hence, this study recommends the implementation of SOLEs pedagogy in the Physical Sciences classroom to improve learners’ metacognitive skills and conceptual understanding. However, the study had limitations, some of which included the sample size (which has an effect on the degree of generalisability of the research findings) and the period during which SOLEs pedagogy was implemented which might not have been long enough to exhaust its effect on metacognitive skills. Accordingly, further studies employing a longitudinal study design with a sample size bigger than 350 participants would be useful in understanding the effects of SOLEs pedagogy on metacognitive skills and improving the generalisability of research findings. , Thesis (PHD) -- Faculty of Education, 2022
- Full Text:
- Date Issued: 2022-06
Catatonia a manifestation of serious mental Illness: prevalence, presentation, management, and outcomes in a mental health unit
- Authors: Zingela, Zukiswa
- Date: 2022-07
- Subjects: Mental Health , Catatonia , Psychomotor disorders
- Language: English
- Type: Doctoral's theses , text
- Identifier: http://hdl.handle.net/10948/60400 , vital:64706
- Description: Catatonia is a psychomotor abnormality that may be caused by severe physical or mental illness or by substances. It has a wide-ranging prevalence from less than 10% to just over 60%, worldwide. This thesis investigated multiple aspects of catatonia in an acute mental health unit setting. Critical aspects examined include the psychological experience of catatonia and assessment, prevalence, presentation, management, and treatment outcomes of catatonia. The research design was a prospective descriptive triangulation study that used a mixed quantitative and qualitative approach. The theoretical framework applied in this thesis was a positivist paradigm approach to explore the quantitative data collected, with application of deductive reasoning, supported by statistical analysis to detect correlations between catatonia and demographic and clinical data. The research explored the experience of a person with catatonia from the beginning to the end of the catatonic episode, inclusive of neglected areas such as the patient’s psychological and experiences. Sources of information included participant reports, clinical notes, and assessments conducted using screening tools for catatonia. Key knowledge gaps on catatonia were identified as target areas for this thesis. These are the prevalence of catatonia in a South African setting; the use of assessment tools like the Bush Francis Catatonia Screening Instrument (BFCSI), the Bush Francis Catatonia Rating Scale (BFCRS), and the Diagnostic and Statistical Manual (5th Edition; DSM-5) in this setting; interventions for catatonia; treatment outcomes; and the subjective experiences of catatonia, as described by patients. To date, there have been five publications produced from this thesis. The first paper was on the protocol for the research and was published in the British Medical Journal (BMJ) Open and presented the literature review, research design, and methodology for the planned Abstract ii research on catatonia (which has ultimately been presented in this current thesis). This paper also identified the aforementioned critical knowledge gaps. The second paper was published in the Biomedicine Central (BMC) International Journal of Mental Health Systems. This paper described a 6-month prevalence rate of catatonia of 11.9%, and concluded that the BFCSI and BFCRS had the highest inter-rater reliability (IRR) and pick-up rate when screening for catatonia, while the DMS-5 had low IRR, and the lowest correlation with the BFCSI and BFCRS. The 12-month prevalence rate was found to be 18.3% and was described in the third paper which was published in the PLOS One Psychiatry. Both lorazepam and electroconvulsive therapy (ECT) were found to be the most widely used treatment at the study site, with good response rates and outcomes. The results were published in the 4th paper in SAGE Open. The fifth paper was on the subjective and psychological experience and published in the BMC Psychology journal. It described the psychological and subjective experience of catatonia as narrated by participants which is characterised by intense experiences of fear, anxiety, and sadness that manifested as extreme withdrawal, combined with obedience or submission. This research has yielded new knowledge with potential applications at a regional, national, and global level. New knowledge yielded includes the need for screening of patients for catatonia across all acute settings, the need for training of both medical and nursing personnel in the assessment of catatonia, the effectiveness of screening and assessment tools, effective interventions for catatonia and outcomes. The descriptions of catatonia at an emotional, cognitive, and behavioural level also highlight the need to develop psychological strategies and targeted psychological interventions to complement the current management strategies. , Thesis (PhD) -- Faculty of Health Sciences, 2022
- Full Text:
- Date Issued: 2022-07
- Authors: Zingela, Zukiswa
- Date: 2022-07
- Subjects: Mental Health , Catatonia , Psychomotor disorders
- Language: English
- Type: Doctoral's theses , text
- Identifier: http://hdl.handle.net/10948/60400 , vital:64706
- Description: Catatonia is a psychomotor abnormality that may be caused by severe physical or mental illness or by substances. It has a wide-ranging prevalence from less than 10% to just over 60%, worldwide. This thesis investigated multiple aspects of catatonia in an acute mental health unit setting. Critical aspects examined include the psychological experience of catatonia and assessment, prevalence, presentation, management, and treatment outcomes of catatonia. The research design was a prospective descriptive triangulation study that used a mixed quantitative and qualitative approach. The theoretical framework applied in this thesis was a positivist paradigm approach to explore the quantitative data collected, with application of deductive reasoning, supported by statistical analysis to detect correlations between catatonia and demographic and clinical data. The research explored the experience of a person with catatonia from the beginning to the end of the catatonic episode, inclusive of neglected areas such as the patient’s psychological and experiences. Sources of information included participant reports, clinical notes, and assessments conducted using screening tools for catatonia. Key knowledge gaps on catatonia were identified as target areas for this thesis. These are the prevalence of catatonia in a South African setting; the use of assessment tools like the Bush Francis Catatonia Screening Instrument (BFCSI), the Bush Francis Catatonia Rating Scale (BFCRS), and the Diagnostic and Statistical Manual (5th Edition; DSM-5) in this setting; interventions for catatonia; treatment outcomes; and the subjective experiences of catatonia, as described by patients. To date, there have been five publications produced from this thesis. The first paper was on the protocol for the research and was published in the British Medical Journal (BMJ) Open and presented the literature review, research design, and methodology for the planned Abstract ii research on catatonia (which has ultimately been presented in this current thesis). This paper also identified the aforementioned critical knowledge gaps. The second paper was published in the Biomedicine Central (BMC) International Journal of Mental Health Systems. This paper described a 6-month prevalence rate of catatonia of 11.9%, and concluded that the BFCSI and BFCRS had the highest inter-rater reliability (IRR) and pick-up rate when screening for catatonia, while the DMS-5 had low IRR, and the lowest correlation with the BFCSI and BFCRS. The 12-month prevalence rate was found to be 18.3% and was described in the third paper which was published in the PLOS One Psychiatry. Both lorazepam and electroconvulsive therapy (ECT) were found to be the most widely used treatment at the study site, with good response rates and outcomes. The results were published in the 4th paper in SAGE Open. The fifth paper was on the subjective and psychological experience and published in the BMC Psychology journal. It described the psychological and subjective experience of catatonia as narrated by participants which is characterised by intense experiences of fear, anxiety, and sadness that manifested as extreme withdrawal, combined with obedience or submission. This research has yielded new knowledge with potential applications at a regional, national, and global level. New knowledge yielded includes the need for screening of patients for catatonia across all acute settings, the need for training of both medical and nursing personnel in the assessment of catatonia, the effectiveness of screening and assessment tools, effective interventions for catatonia and outcomes. The descriptions of catatonia at an emotional, cognitive, and behavioural level also highlight the need to develop psychological strategies and targeted psychological interventions to complement the current management strategies. , Thesis (PhD) -- Faculty of Health Sciences, 2022
- Full Text:
- Date Issued: 2022-07
The regulation of communications surveillance in Nigeria
- Authors: Osuntogun, Tope Adefemi
- Date: 2022-08
- Subjects: Social Communication , Electronic surveillance --Nigeria
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60885 , vital:69011
- Description: This study examines the manner in which communications surveillance is regulated in Nigeria, with the aim of providing recommendations to ensure a new surveillance regime that provides adequate safeguards for human rights, particularly the right to privacy. The rapid innovation in ICT has brought new challenges to the right to privacy, among which is communications surveillance. Communications surveillance is an important tool of law enforcement as it enables remote gathering of evidence through interception of communication and acquisition of the metadata of electronic communications. Communications surveillance could therefore be an egregious intrusion on a person’s intimate private sphere and should only be permitted only when necessary. The clandestine nature of communications surveillance, however, increases the risk of unlawfulness as a person under surveillance will be unable to challenge the process unless they are notified. The benchmark in international law is that laws regulating communications surveillance must be lawful, non-arbitrary and provide adequate safeguards for the right to privacy. This study establishes that the legal framework on communications surveillance in Nigeria does not meet this standard. Using the South African legal framework as a comparator and drawing on relevant international and regional law on the right to privacy and communications surveillance, this study recommends reforms for the current legal framework on communications surveillance in Nigeria. , Thesis (LLD) -- Faculty of Law, School of Private Law, 2022
- Full Text:
- Date Issued: 2022-08
- Authors: Osuntogun, Tope Adefemi
- Date: 2022-08
- Subjects: Social Communication , Electronic surveillance --Nigeria
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60885 , vital:69011
- Description: This study examines the manner in which communications surveillance is regulated in Nigeria, with the aim of providing recommendations to ensure a new surveillance regime that provides adequate safeguards for human rights, particularly the right to privacy. The rapid innovation in ICT has brought new challenges to the right to privacy, among which is communications surveillance. Communications surveillance is an important tool of law enforcement as it enables remote gathering of evidence through interception of communication and acquisition of the metadata of electronic communications. Communications surveillance could therefore be an egregious intrusion on a person’s intimate private sphere and should only be permitted only when necessary. The clandestine nature of communications surveillance, however, increases the risk of unlawfulness as a person under surveillance will be unable to challenge the process unless they are notified. The benchmark in international law is that laws regulating communications surveillance must be lawful, non-arbitrary and provide adequate safeguards for the right to privacy. This study establishes that the legal framework on communications surveillance in Nigeria does not meet this standard. Using the South African legal framework as a comparator and drawing on relevant international and regional law on the right to privacy and communications surveillance, this study recommends reforms for the current legal framework on communications surveillance in Nigeria. , Thesis (LLD) -- Faculty of Law, School of Private Law, 2022
- Full Text:
- Date Issued: 2022-08
A stakeholder framework for sustainable Supply chain management in the Zimbabwean food industry
- Authors: Munuhwa,Shakerod
- Date: 2022-12
- Subjects: Stakeholder , Supply chain management , Food industry -- Zimbabwe
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60315 , vital:64397
- Description: The food supply chain plays an important role in the Zimbabwean food industry. More so sustainable food supply chain management (SFSCM) is a subject that has not received much attention, and yet it is so pertinent in determining food security in Zimbabwe. Zimbabwe has faced episodes of inadequate grain/cereal food reserves, hence the urgent need to develop a stakeholder framework for sustainable food supply chain management. The main objective of the study was to develop a stakeholder framework for SFSCM in the food industry. To accomplish the main objective, the research intended to achieve the following sub-objectives, namely to: establish the drivers for SFSCM; identify SFSCM practices within the food industry; identify the key stakeholders’ dynamic capabilities (SDCs) in the food industry and identify challenges faced by stakeholders in implementing SFSCM. The study also sought to establish the influence of: SFSCM drivers on implementing SFSCM practices; SFSCM drivers on SDCs; SFSCM practices on SDCs; SFSCM practices on SFSCM performance; SFSCM drivers on SFSCM performance; and SDCs on SFSCM performance. This study further sought to assess the mediation effect of: SFSCM drivers on the relationship between SFSCM practices and SDCs; SDCs on the relationship between SFSCM practices and SFSCM performance; SFSCM drivers on the relationship between SDCs and SFSCM performance and finally to assess the mediation effect of SDCs on the relationship between SFSCM drivers and SFSCM performance. This study employed a pragmatic philosophy that allowed for the collection of primary data using a fixed concurrent mixed methods (qualitative and quantitative) approach. The data analysis for this research included qualitative data from 22 participants and quantitative data from 292 respondents, all of whom were recruited through nine gatekeepers (Grain Marketing Board, Consumer Council of Zimbabwe, Food and Nutrition Association of Zimbabwe, Grain Millers Association of Zimbabwe, Ministry of Lands, Agriculture, Water and Rural Resettlement, Chartered Institute of Purchasing and Supply, Food and Agriculture Organization in Zimbabwe, Confederation of Zimbabwe Retailers and Zimbabwe National Chamber of Commerce). A thematic analysis was used to analyse qualitative data. For the quantitative data, the Statistical Package for the Social Sciences (SPSS) version 27 package was used to perform descriptive analysis, and principal component analysis for factor reduction and dimensional groups. Analysis of a Moment Structures (AMOS 26) program was used viii to perform structural equation modelling (SEM) for model fit evaluations and hypothesis tests. The mixed methods approach (both qualitative and quantitative) results identified regulatory pressure, market pressure, societal pressure, availability of resources, organisational culture and corporate objectives as some of the key SFSCM drivers. Additionally, the results identified the following as the key SFSCM practices: waste management, carbon emission reduction, logistics optimisation, water conservation, energy conservation, cost reduction and price efficiency, employment of competent people, cultivation of profitable grain crops, corporate social responsibility, fair distribution of food, human development on nutritious food consumption, food donations and continuously conducting consumer tastes surveys. Further, the mixed methods approach results cited the following key SDCs: sensing, seizing, reconfiguration, reflexive control, partner development, co-evolving and supply chain integration capabilities. Major challenges faced by stakeholders when implementing SFSCM were also identified and these involved lack of resources, lack of top management commitment, poor information sharing, lack of mutual trust amongst stakeholders, unmotivated employees, lack of government support, ever-changing food regulations, poor customer demand for sustainable and healthy foods, corruption and economic hardship challenges. The study also sought to establish relationships amongst variables. The mixed methods approach results revealed that SFSCM drivers have a positive influence on SFSCM practices, SDCs and SFSCM performance. The results also report a positive and significant influence of SFSCM practices on SDCs. The results further indicate that SDCs have a positive and significant influence on SFSCM performance. Although the qualitative findings reported a positive influence of SFSCM practices on SFSCM performance, the quantitative results from the SEM path analysis reported a very weak positive and insignificant influence of SFSCM practices on SFSCM performance. Mediation analysis was also performed using the quantitative data analysis only, and the results revealed that SFSCM drivers have significant partial mediation effect on the relationship between SFSCM practices and SDCs. The results also report that SDCs have a significant full mediation effect on the relationship between SFSCM practices and SFSCM performance. SFSCM drivers were found to have a significant ix partial mediation influence on the relationship between SDCs and SFSCM performance. Lastly, SDCs have a significant partial mediation effect on the relationship between SFSCM drivers and SFSCM performance. Based on the empirical results, conclusions were drawn, and recommendations were made. The research proposes a new stakeholder framework for SFSCM in the food industry. The study recommends that stakeholders consider providing training and education to all employees about the critical role of SFSCM in ensuring Zimbabwe's food security. Additionally, policymakers are urged to implement supply chain anticorruption and fair-trading policies in order to boost SFSCM performance. Stakeholder institutions are also urged to reward internal stakeholders who perform exceptionally well in terms of SFSCM in order to positively motivate all staff, and ultimately improve SFSCM. , Thesis (PHD) -- Faculty of Business and Economic Sciences, Business School, 2022
- Full Text:
- Date Issued: 2022-12
- Authors: Munuhwa,Shakerod
- Date: 2022-12
- Subjects: Stakeholder , Supply chain management , Food industry -- Zimbabwe
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60315 , vital:64397
- Description: The food supply chain plays an important role in the Zimbabwean food industry. More so sustainable food supply chain management (SFSCM) is a subject that has not received much attention, and yet it is so pertinent in determining food security in Zimbabwe. Zimbabwe has faced episodes of inadequate grain/cereal food reserves, hence the urgent need to develop a stakeholder framework for sustainable food supply chain management. The main objective of the study was to develop a stakeholder framework for SFSCM in the food industry. To accomplish the main objective, the research intended to achieve the following sub-objectives, namely to: establish the drivers for SFSCM; identify SFSCM practices within the food industry; identify the key stakeholders’ dynamic capabilities (SDCs) in the food industry and identify challenges faced by stakeholders in implementing SFSCM. The study also sought to establish the influence of: SFSCM drivers on implementing SFSCM practices; SFSCM drivers on SDCs; SFSCM practices on SDCs; SFSCM practices on SFSCM performance; SFSCM drivers on SFSCM performance; and SDCs on SFSCM performance. This study further sought to assess the mediation effect of: SFSCM drivers on the relationship between SFSCM practices and SDCs; SDCs on the relationship between SFSCM practices and SFSCM performance; SFSCM drivers on the relationship between SDCs and SFSCM performance and finally to assess the mediation effect of SDCs on the relationship between SFSCM drivers and SFSCM performance. This study employed a pragmatic philosophy that allowed for the collection of primary data using a fixed concurrent mixed methods (qualitative and quantitative) approach. The data analysis for this research included qualitative data from 22 participants and quantitative data from 292 respondents, all of whom were recruited through nine gatekeepers (Grain Marketing Board, Consumer Council of Zimbabwe, Food and Nutrition Association of Zimbabwe, Grain Millers Association of Zimbabwe, Ministry of Lands, Agriculture, Water and Rural Resettlement, Chartered Institute of Purchasing and Supply, Food and Agriculture Organization in Zimbabwe, Confederation of Zimbabwe Retailers and Zimbabwe National Chamber of Commerce). A thematic analysis was used to analyse qualitative data. For the quantitative data, the Statistical Package for the Social Sciences (SPSS) version 27 package was used to perform descriptive analysis, and principal component analysis for factor reduction and dimensional groups. Analysis of a Moment Structures (AMOS 26) program was used viii to perform structural equation modelling (SEM) for model fit evaluations and hypothesis tests. The mixed methods approach (both qualitative and quantitative) results identified regulatory pressure, market pressure, societal pressure, availability of resources, organisational culture and corporate objectives as some of the key SFSCM drivers. Additionally, the results identified the following as the key SFSCM practices: waste management, carbon emission reduction, logistics optimisation, water conservation, energy conservation, cost reduction and price efficiency, employment of competent people, cultivation of profitable grain crops, corporate social responsibility, fair distribution of food, human development on nutritious food consumption, food donations and continuously conducting consumer tastes surveys. Further, the mixed methods approach results cited the following key SDCs: sensing, seizing, reconfiguration, reflexive control, partner development, co-evolving and supply chain integration capabilities. Major challenges faced by stakeholders when implementing SFSCM were also identified and these involved lack of resources, lack of top management commitment, poor information sharing, lack of mutual trust amongst stakeholders, unmotivated employees, lack of government support, ever-changing food regulations, poor customer demand for sustainable and healthy foods, corruption and economic hardship challenges. The study also sought to establish relationships amongst variables. The mixed methods approach results revealed that SFSCM drivers have a positive influence on SFSCM practices, SDCs and SFSCM performance. The results also report a positive and significant influence of SFSCM practices on SDCs. The results further indicate that SDCs have a positive and significant influence on SFSCM performance. Although the qualitative findings reported a positive influence of SFSCM practices on SFSCM performance, the quantitative results from the SEM path analysis reported a very weak positive and insignificant influence of SFSCM practices on SFSCM performance. Mediation analysis was also performed using the quantitative data analysis only, and the results revealed that SFSCM drivers have significant partial mediation effect on the relationship between SFSCM practices and SDCs. The results also report that SDCs have a significant full mediation effect on the relationship between SFSCM practices and SFSCM performance. SFSCM drivers were found to have a significant ix partial mediation influence on the relationship between SDCs and SFSCM performance. Lastly, SDCs have a significant partial mediation effect on the relationship between SFSCM drivers and SFSCM performance. Based on the empirical results, conclusions were drawn, and recommendations were made. The research proposes a new stakeholder framework for SFSCM in the food industry. The study recommends that stakeholders consider providing training and education to all employees about the critical role of SFSCM in ensuring Zimbabwe's food security. Additionally, policymakers are urged to implement supply chain anticorruption and fair-trading policies in order to boost SFSCM performance. Stakeholder institutions are also urged to reward internal stakeholders who perform exceptionally well in terms of SFSCM in order to positively motivate all staff, and ultimately improve SFSCM. , Thesis (PHD) -- Faculty of Business and Economic Sciences, Business School, 2022
- Full Text:
- Date Issued: 2022-12
An integrated training and client service guidance framework for professional Accountants of SMES
- Authors: Beck, Tracy Geraldine
- Date: 2022-12
- Subjects: Training , Accountants -- Professional ethics
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59467 , vital:62120
- Description: Small and medium-sized accounting practices (SMPs) are vital to the accounting profession and represent most accounting practices globally. It is commonly assumed that SMPs employ the majority of professional accountants within the accounting field whose clients are typically small and medium-sized business entities (SMEs). SMEs account for most of the businesses around the world and play an important role in the development of economies as well as job creation. In a rapidly changing business environment, SMEs require a wider range of services and support from their professional accountants, thus, the needs and expectations of SMEs are constantly changing. Given the important contribution SMEs make to economic development, job creation, growth and innovation to communities globally, the success and survival rates of these businesses are of the utmost importance. Professional accountants of SMEs need to possess the relevant knowledge, skills, competencies and practical experience to provide professional business advisory services (non-accounting services) to create more value for the SME client. Research suggests that the SMEs decision to outsource business advisory services from their professional accountants is influenced by the relationship between the professional accountant and SME including the manner in which traditional compliance accounting services are provided (client services). In response, the objective of this study was to propose a graphical and narrative integrated training and client service framework to guide SME professional accountants. The framework provides guidance in respect of the knowledge, skills, competencies and practical experience a modern-day professional accountant should obtain during the various phases of learning and training whilst pursuing a career as a professional accountant. The framework further enhances the understanding of the traditional accounting services, client services and non-accounting services SME clients desire from their professional accountants as well as the role of professional accountants in providing or obtaining such services to ensure that the expectations of the client are met and, more importantly, contribute to the success of the SME. ABSTRACT vi An interpretivist research paradigm and a qualitative methodological approach were deemed most suitable for the current study. The interpretivist research paradigm approach enabled the researcher to understand the phenomena being studied by sharing the participants’ experiences in their own words thereby gaining a deeper understanding of the desires, services, skills and competencies they required or provided. The research population consisted of two population groups, firstly, professional accountants, accountants or bookkeepers who were either owners or were employed at SMPs and, secondly, SME owner-managers or the persons responsible for the accounting function employed at the SME. The research instrument used to guide the key-informant interviews in this research were two semi-structured interview schedules, one for each identified population group, which were divided into sections based on the themes and sub-themes. Based on key findings, the study proposes an integrated training and client service framework to guide SME professional accountants. The framework includes seven components, namely, formal higher education accounting programmes, workplace training, professional accountant, traditional accounting and client services, trust relationships, non-accounting services as well as networks of experts and other professionals. An important recommendation of the study is that professional accountants must effectively communicate and market their services to current as well as prospective SME clients to ensure that clients are aware of the potential services which can be provided or obtained from a trusted expert. The professional accountant could thus be regarded as a one-stop professional practice. The survival of the accounting profession in a constantly changing business environment is dependent on how the profession adapts to change including technological advancements. Professional accountants need to be able to provide value-added and specialist services to their SME clients as well as enhance the current quality level of client services. , Thesis (PhD) -- Faculty of Faculty of Business and Economics Science, School of Applied Accounting, 2022
- Full Text:
- Date Issued: 2022-12
- Authors: Beck, Tracy Geraldine
- Date: 2022-12
- Subjects: Training , Accountants -- Professional ethics
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59467 , vital:62120
- Description: Small and medium-sized accounting practices (SMPs) are vital to the accounting profession and represent most accounting practices globally. It is commonly assumed that SMPs employ the majority of professional accountants within the accounting field whose clients are typically small and medium-sized business entities (SMEs). SMEs account for most of the businesses around the world and play an important role in the development of economies as well as job creation. In a rapidly changing business environment, SMEs require a wider range of services and support from their professional accountants, thus, the needs and expectations of SMEs are constantly changing. Given the important contribution SMEs make to economic development, job creation, growth and innovation to communities globally, the success and survival rates of these businesses are of the utmost importance. Professional accountants of SMEs need to possess the relevant knowledge, skills, competencies and practical experience to provide professional business advisory services (non-accounting services) to create more value for the SME client. Research suggests that the SMEs decision to outsource business advisory services from their professional accountants is influenced by the relationship between the professional accountant and SME including the manner in which traditional compliance accounting services are provided (client services). In response, the objective of this study was to propose a graphical and narrative integrated training and client service framework to guide SME professional accountants. The framework provides guidance in respect of the knowledge, skills, competencies and practical experience a modern-day professional accountant should obtain during the various phases of learning and training whilst pursuing a career as a professional accountant. The framework further enhances the understanding of the traditional accounting services, client services and non-accounting services SME clients desire from their professional accountants as well as the role of professional accountants in providing or obtaining such services to ensure that the expectations of the client are met and, more importantly, contribute to the success of the SME. ABSTRACT vi An interpretivist research paradigm and a qualitative methodological approach were deemed most suitable for the current study. The interpretivist research paradigm approach enabled the researcher to understand the phenomena being studied by sharing the participants’ experiences in their own words thereby gaining a deeper understanding of the desires, services, skills and competencies they required or provided. The research population consisted of two population groups, firstly, professional accountants, accountants or bookkeepers who were either owners or were employed at SMPs and, secondly, SME owner-managers or the persons responsible for the accounting function employed at the SME. The research instrument used to guide the key-informant interviews in this research were two semi-structured interview schedules, one for each identified population group, which were divided into sections based on the themes and sub-themes. Based on key findings, the study proposes an integrated training and client service framework to guide SME professional accountants. The framework includes seven components, namely, formal higher education accounting programmes, workplace training, professional accountant, traditional accounting and client services, trust relationships, non-accounting services as well as networks of experts and other professionals. An important recommendation of the study is that professional accountants must effectively communicate and market their services to current as well as prospective SME clients to ensure that clients are aware of the potential services which can be provided or obtained from a trusted expert. The professional accountant could thus be regarded as a one-stop professional practice. The survival of the accounting profession in a constantly changing business environment is dependent on how the profession adapts to change including technological advancements. Professional accountants need to be able to provide value-added and specialist services to their SME clients as well as enhance the current quality level of client services. , Thesis (PhD) -- Faculty of Faculty of Business and Economics Science, School of Applied Accounting, 2022
- Full Text:
- Date Issued: 2022-12
Different dimensions of inequality and sustainable economic growth in Africa
- Authors: Raimi, Rasaq Being
- Date: 2022-12
- Subjects: Inequality , Sustainable development , Economic growth -- Africa
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59884 , vital:62483
- Description: The recent unprecedented economic growth across Africa for over two decades has been anticipated to alleviate poverty and close up the wide inequality gap in the continent; its impact, however, on the vast majority of people in Africa appears to be insignificant as more households are still battling with poverty and the inequality gap is still wide. This has, however, raised empirical questions regarding the nature of the relationship that exists between economic growth and inequality in Africa. Hence, these questions have created gaps in the literature as some studies found positive relationship while other results state otherwise. The study fills the existing gap by re-examining the relationship between dimensions of inequality and sustainable growth in Africa. The study applied parametric and non-parametric econometric techniques on more recent inequalities data covering 28 African countries. Specifically, the study examined the relationship between income inequality and sustainable growth in Africa, investigated the relationship between education inequality and sustainable growth in Africa, analysed the relationship between gender inequality and sustainable growth in Africa and discussed the relationship between land inequality and sustainable growth in Africa. The study covered the period of 1998-2020 and the data for the study were sourced from Standardised World Income Inequality Data Base (SWIID), World Economic Forum, World Bank Online Data Base, Benaabdelaali et al‘s (2012) paper and Ziesemer, THW‘s (2016) paper. Result from the analysis of income inequality and sustainable growth indicates a positive unidirectional relationship between the two variables. The findings suggest that African growth promotes more income inequality and income inequality does not interrupt the growth potential of the continent. The findings further reveal a positive relationship between sustainable growth and poverty rate in African region. This suggests that African economic growth alone cannot solve African poverty problem. Analysis of sustainable growth and education inequality shows an inverse relationship between the two variables. The result indicates that sustainable growth helps in reducing education inequality but a further increase in education inequality drags down sustainable growth in the long-run. Also, poverty is found to have a positive relationship with education inequality in Africa. However, no causal relationship is found between sustainable growth and education inequality but rather a unidirectional causality running from poverty to education inequality in Africa. iv In relation to the gender inequality analysis, the study also found a negative relationship between the two variables. Specifically, while sustainable growth is found to be bridging gender gap, gender inequality on the other hand is found to be a limiting factor on sustainable growth in Africa. The results also indicate a strong positive significant relationship between poverty and gender inequality in Africa. The analysis reveals the vulnerability of African women to poverty and also suggests that many African countries are yet to harness the enormous potentials possessed by women for their regional development. Furthermore, the study found a negative relationship between sustainable growth and land inequality in Africa. The result indicates that unequal land distribution is among the factors preventing Africa from achieving its high dream of sustainable growth and it is further responsible for the severe poverty especially among the rural dwellers where agricultural land is considered as an important determinant of family income. One way causality running from land inequality to sustainable growth is also established via granger causality result which further indicates that uneven land distribution has effects on sustainable growth. Based on these findings, the study concludes that economic growth though has been helping in bridging some dimensions of inequality in Africa, income related inequality is exempted. Also, it is evident that economic growth alone is not adequate to close the wide inequality gap that has persisted for so long in Africa. In conclusion, the study recommended among other things that many African policy makers need to intensify their developmental efforts to reach everyone in their countries so as to effectively fight the ugly poverty situation across the continent. Also, salary structure needs to be revisited across Africa via introduction of appropriate tax to redistribute income and help the low income earners to relatively meet up with the higher income earners. This will help in closing income gap and at the same time alleviate poverty. , Thesis (PHD) -- Faculty of Business and Economic Science, 2022
- Full Text:
- Date Issued: 2022-12
- Authors: Raimi, Rasaq Being
- Date: 2022-12
- Subjects: Inequality , Sustainable development , Economic growth -- Africa
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59884 , vital:62483
- Description: The recent unprecedented economic growth across Africa for over two decades has been anticipated to alleviate poverty and close up the wide inequality gap in the continent; its impact, however, on the vast majority of people in Africa appears to be insignificant as more households are still battling with poverty and the inequality gap is still wide. This has, however, raised empirical questions regarding the nature of the relationship that exists between economic growth and inequality in Africa. Hence, these questions have created gaps in the literature as some studies found positive relationship while other results state otherwise. The study fills the existing gap by re-examining the relationship between dimensions of inequality and sustainable growth in Africa. The study applied parametric and non-parametric econometric techniques on more recent inequalities data covering 28 African countries. Specifically, the study examined the relationship between income inequality and sustainable growth in Africa, investigated the relationship between education inequality and sustainable growth in Africa, analysed the relationship between gender inequality and sustainable growth in Africa and discussed the relationship between land inequality and sustainable growth in Africa. The study covered the period of 1998-2020 and the data for the study were sourced from Standardised World Income Inequality Data Base (SWIID), World Economic Forum, World Bank Online Data Base, Benaabdelaali et al‘s (2012) paper and Ziesemer, THW‘s (2016) paper. Result from the analysis of income inequality and sustainable growth indicates a positive unidirectional relationship between the two variables. The findings suggest that African growth promotes more income inequality and income inequality does not interrupt the growth potential of the continent. The findings further reveal a positive relationship between sustainable growth and poverty rate in African region. This suggests that African economic growth alone cannot solve African poverty problem. Analysis of sustainable growth and education inequality shows an inverse relationship between the two variables. The result indicates that sustainable growth helps in reducing education inequality but a further increase in education inequality drags down sustainable growth in the long-run. Also, poverty is found to have a positive relationship with education inequality in Africa. However, no causal relationship is found between sustainable growth and education inequality but rather a unidirectional causality running from poverty to education inequality in Africa. iv In relation to the gender inequality analysis, the study also found a negative relationship between the two variables. Specifically, while sustainable growth is found to be bridging gender gap, gender inequality on the other hand is found to be a limiting factor on sustainable growth in Africa. The results also indicate a strong positive significant relationship between poverty and gender inequality in Africa. The analysis reveals the vulnerability of African women to poverty and also suggests that many African countries are yet to harness the enormous potentials possessed by women for their regional development. Furthermore, the study found a negative relationship between sustainable growth and land inequality in Africa. The result indicates that unequal land distribution is among the factors preventing Africa from achieving its high dream of sustainable growth and it is further responsible for the severe poverty especially among the rural dwellers where agricultural land is considered as an important determinant of family income. One way causality running from land inequality to sustainable growth is also established via granger causality result which further indicates that uneven land distribution has effects on sustainable growth. Based on these findings, the study concludes that economic growth though has been helping in bridging some dimensions of inequality in Africa, income related inequality is exempted. Also, it is evident that economic growth alone is not adequate to close the wide inequality gap that has persisted for so long in Africa. In conclusion, the study recommended among other things that many African policy makers need to intensify their developmental efforts to reach everyone in their countries so as to effectively fight the ugly poverty situation across the continent. Also, salary structure needs to be revisited across Africa via introduction of appropriate tax to redistribute income and help the low income earners to relatively meet up with the higher income earners. This will help in closing income gap and at the same time alleviate poverty. , Thesis (PHD) -- Faculty of Business and Economic Science, 2022
- Full Text:
- Date Issued: 2022-12
Economic impact assessment of the national youth development agency (NYDA) grant fund in the Eastern Cape
- Authors: Fotoyi, Asanda
- Date: 2022-12
- Subjects: Economic impact analysis , Youth development, Eastern Cape
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59424 , vital:62093
- Description: Since the dawn of democracy in South Africa, the country has adopted several youth policies aimed at promoting young peoples’ education and training, employment, entrepreneurship, and healthy lifestyles. Still, however, the country battles high youth unemployment rates, which increased from 35.7% in 2010 to 41.0% in 2019. Such issues exist despite the NYDA being established in 2008 to coordinate youth strategies in the country. The NYDA strategic areas include: economic participation, education and skills development, health and wellbeing, knowledge management, and governance. Of note is that NYDA grant funding has been specifically designed to provide young South African entrepreneurs with an opportunity to access both financial and nonfinancial business support to establish or expand their businesses. Over a period of 7 years (2013-2019), the NYDA has grant funded a significant number of youth-owned businesses across the country, to the value of about R204.5 million. Given the large amount of public funds invested through NYDA grant funding, it is important to assess whether or not this investment has been favourable in terms of achieving its goals. This determination is especially important, as governmental resources are scarce and subject to opportunity cost, in that some alternatives have been forgone in favour of the NYDA mandate. The present study was, therefore, necessary, as, since the inception of NYDA grant funding, its economic impact has not been scientifically measured or assessed. As such, there has not been any scientific basis to justify NYDA grant funding. In particular, this thesis assessed the economic impact of the NYDA grant funding in the Eastern Cape. The effectiveness of the NYDA grant funding was examined against its objectives: improved entrepreneurship participation, business skills development and support, and improved creation of job opportunities. The primary hypothesis was tested using a cost-benefit analysis (CBA). The CBA method was adopted as it is a well-established economic assessment method to test policy interventions. This method is also based on methodological rigour and was determined to be most applicable for this present research endeavour. v The notion behind using the CBA was to quantify the net benefits of NYDA grant funding for youth businesses by comparing the benefits with the corresponding costs. In order to determine other factors that influence the turnovers of NYDA grant funding recipients’ businesses, secondary hypotheses were then tested by using a least absolute deviation (LAD) regression analysis in respect to cross-sectional data relating to the respondents’ annual turnovers over the years 2014-2019. The LAD estimation method was used primarily due to its robustness in comparison to ordinary least squares (OLS). This study made use of a questionnaire to collect data on the demographics of the NYDA grant funding beneficiaries. As well as the beneficiaries’ business characteristics, their subjective perceptions on the impact of the NYDA support interventions, and business-specific challenges. The Raosoft calculator was used to calculate the sample size at a 5% margin of error. The scientifically sound sample size of the respondents, according to the Raosoft calculator, was 246 out of 681 clients. The respondents were drawn from the Eastern Cape areas by means of face-to-face survey interviews as well as a digitised research instrument that was circulated using several online platforms (e.g., email, WhatsApp, and Facebook). The total number of respondents who ultimately participated in this study was 253. In order to achieve Denzin’s (1978) triangulation, a focus group session was also conducted with selected NYDA grant beneficiaries. The focus group discussion for this research was held using the online platform, Microsoft Teams (MS Teams). The survey analysis findings of the study suggest that the demographics of the NYDA grant funding beneficiaries are a general reflection of the Eastern Cape’s overall youth entrepreneurship trends. As such, there were more male youth entrepreneurs compared to female youth entrepreneurs. The involvement of youth in business improved in correspondence with age -groups. The population groups of the grant funding beneficiaries also reflected the country’s racial demographics. In terms of business characteristics, the survey analysis findings revealed that NYDA grant funded businesses function across various sectors of the economy and largely operate out of homes. These businesses primarily serve local households and communities, have generally been operating for 3-5 years, and were largely started because the owner recognised an opportunity in the market. In terms of business assistance from vi NYDA, it was found that the grant funding was mostly utilised for asset finance. In terms of business challenges, market conditions were highlighted as negatively impacting youth businesses. However, the participating business owners were primarily inward-looking when seeking to address their challenges. A further finding from the survey analysis revealed that many NYDA grant funded businesses tended to increase the number of jobs created in the period under review. The CBA findings, in turn, showed that the public expenditure in Eastern Cape youth businesses through NYDA grant funding was economically viable during the period under review, since the benefit-cost ratio (BCR) exceeded ‘1’ (the net present value (NPV) was also positive). The regression estimation findings further indicated gender, education, and industry gross domestic product (GDP) growth rates also had a significant impact on the annual turnovers of the youth businesses. The focus group findings highlighted that most beneficiaries derive value from NYDA grant funding. However, there is scope for improvement in the areas of access to finance, turnaround times, access to markets, links to the entrepreneurship ecosystem, administrative burden, mentorship, monitoring and evaluation (M&E), and organisational culture. Based on the findings of the study, this thesis concludes that in the period under review, in the Eastern Cape, NYDA grant funding yields positive social returns; and delivered on its objectives (i.e., improved entrepreneurship participation, business skills development and support, and improved creation of job opportunities). The empirical findings of this study further supports this thesis’s recommendation for: 1) improvements in the NYDA grant funding budget; 2) closing gender gaps in youth entrepreneurship; 3) improving participation of disabled youth in business support services; 4) promoting entrepreneurship as a career path; 5) providing youth business support in rural areas; 6) diversifying economic sectors of youth businesses; 7) offering access to finance for youth business growth and expansion; 8) establishing youth businesses access to markets; 9) reducing administrative burdens for youth businesses; 10) improving accessibility of business development trainings; 11) offering mentorship for youth entrepreneurs, 12) providing infrastructure for youth businesses; 13) extend Covid-19 relief support for youth businesses; and 14) standardising practises in youth business support services. , Thesis (PHD) -- Faculty of Business and Economics Science, 2022
- Full Text:
- Date Issued: 2022-12
- Authors: Fotoyi, Asanda
- Date: 2022-12
- Subjects: Economic impact analysis , Youth development, Eastern Cape
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59424 , vital:62093
- Description: Since the dawn of democracy in South Africa, the country has adopted several youth policies aimed at promoting young peoples’ education and training, employment, entrepreneurship, and healthy lifestyles. Still, however, the country battles high youth unemployment rates, which increased from 35.7% in 2010 to 41.0% in 2019. Such issues exist despite the NYDA being established in 2008 to coordinate youth strategies in the country. The NYDA strategic areas include: economic participation, education and skills development, health and wellbeing, knowledge management, and governance. Of note is that NYDA grant funding has been specifically designed to provide young South African entrepreneurs with an opportunity to access both financial and nonfinancial business support to establish or expand their businesses. Over a period of 7 years (2013-2019), the NYDA has grant funded a significant number of youth-owned businesses across the country, to the value of about R204.5 million. Given the large amount of public funds invested through NYDA grant funding, it is important to assess whether or not this investment has been favourable in terms of achieving its goals. This determination is especially important, as governmental resources are scarce and subject to opportunity cost, in that some alternatives have been forgone in favour of the NYDA mandate. The present study was, therefore, necessary, as, since the inception of NYDA grant funding, its economic impact has not been scientifically measured or assessed. As such, there has not been any scientific basis to justify NYDA grant funding. In particular, this thesis assessed the economic impact of the NYDA grant funding in the Eastern Cape. The effectiveness of the NYDA grant funding was examined against its objectives: improved entrepreneurship participation, business skills development and support, and improved creation of job opportunities. The primary hypothesis was tested using a cost-benefit analysis (CBA). The CBA method was adopted as it is a well-established economic assessment method to test policy interventions. This method is also based on methodological rigour and was determined to be most applicable for this present research endeavour. v The notion behind using the CBA was to quantify the net benefits of NYDA grant funding for youth businesses by comparing the benefits with the corresponding costs. In order to determine other factors that influence the turnovers of NYDA grant funding recipients’ businesses, secondary hypotheses were then tested by using a least absolute deviation (LAD) regression analysis in respect to cross-sectional data relating to the respondents’ annual turnovers over the years 2014-2019. The LAD estimation method was used primarily due to its robustness in comparison to ordinary least squares (OLS). This study made use of a questionnaire to collect data on the demographics of the NYDA grant funding beneficiaries. As well as the beneficiaries’ business characteristics, their subjective perceptions on the impact of the NYDA support interventions, and business-specific challenges. The Raosoft calculator was used to calculate the sample size at a 5% margin of error. The scientifically sound sample size of the respondents, according to the Raosoft calculator, was 246 out of 681 clients. The respondents were drawn from the Eastern Cape areas by means of face-to-face survey interviews as well as a digitised research instrument that was circulated using several online platforms (e.g., email, WhatsApp, and Facebook). The total number of respondents who ultimately participated in this study was 253. In order to achieve Denzin’s (1978) triangulation, a focus group session was also conducted with selected NYDA grant beneficiaries. The focus group discussion for this research was held using the online platform, Microsoft Teams (MS Teams). The survey analysis findings of the study suggest that the demographics of the NYDA grant funding beneficiaries are a general reflection of the Eastern Cape’s overall youth entrepreneurship trends. As such, there were more male youth entrepreneurs compared to female youth entrepreneurs. The involvement of youth in business improved in correspondence with age -groups. The population groups of the grant funding beneficiaries also reflected the country’s racial demographics. In terms of business characteristics, the survey analysis findings revealed that NYDA grant funded businesses function across various sectors of the economy and largely operate out of homes. These businesses primarily serve local households and communities, have generally been operating for 3-5 years, and were largely started because the owner recognised an opportunity in the market. In terms of business assistance from vi NYDA, it was found that the grant funding was mostly utilised for asset finance. In terms of business challenges, market conditions were highlighted as negatively impacting youth businesses. However, the participating business owners were primarily inward-looking when seeking to address their challenges. A further finding from the survey analysis revealed that many NYDA grant funded businesses tended to increase the number of jobs created in the period under review. The CBA findings, in turn, showed that the public expenditure in Eastern Cape youth businesses through NYDA grant funding was economically viable during the period under review, since the benefit-cost ratio (BCR) exceeded ‘1’ (the net present value (NPV) was also positive). The regression estimation findings further indicated gender, education, and industry gross domestic product (GDP) growth rates also had a significant impact on the annual turnovers of the youth businesses. The focus group findings highlighted that most beneficiaries derive value from NYDA grant funding. However, there is scope for improvement in the areas of access to finance, turnaround times, access to markets, links to the entrepreneurship ecosystem, administrative burden, mentorship, monitoring and evaluation (M&E), and organisational culture. Based on the findings of the study, this thesis concludes that in the period under review, in the Eastern Cape, NYDA grant funding yields positive social returns; and delivered on its objectives (i.e., improved entrepreneurship participation, business skills development and support, and improved creation of job opportunities). The empirical findings of this study further supports this thesis’s recommendation for: 1) improvements in the NYDA grant funding budget; 2) closing gender gaps in youth entrepreneurship; 3) improving participation of disabled youth in business support services; 4) promoting entrepreneurship as a career path; 5) providing youth business support in rural areas; 6) diversifying economic sectors of youth businesses; 7) offering access to finance for youth business growth and expansion; 8) establishing youth businesses access to markets; 9) reducing administrative burdens for youth businesses; 10) improving accessibility of business development trainings; 11) offering mentorship for youth entrepreneurs, 12) providing infrastructure for youth businesses; 13) extend Covid-19 relief support for youth businesses; and 14) standardising practises in youth business support services. , Thesis (PHD) -- Faculty of Business and Economics Science, 2022
- Full Text:
- Date Issued: 2022-12
Investigating various product derivatives for a sustainable aquaculture feed supply chain in South Africa
- Authors: Adam, Yusuf
- Date: 2022-12
- Subjects: Derivatives product , sustainable aquaculture , Supply Chain management -- South Africa
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59531 , vital:62150
- Description: Contemporary aquaculture produces more seafood for growing global nutrition requirements than capture fisheries stocks, but aquaculture practices do have adverse environmental impacts. This research investigated more sustainable marine ecosystem management practices through alternative aquaculture feed ingredients and production systems that mimic natural marine food chains. The aim was to find an alternative feed model to make the industry more sustainable. Content analysis was used to let secondary research complement the empirical research to investigate the perceptions about various product derivatives for a more sustainable aquaculture feed supply chain. The survey entailed distributing 228 questionnaires and only 55 diverse stakeholders responded. By reviewing their perceptions of natural marine organisms and manufactured agricultural ingredients, the call for sustainably produced aquaculture feed could inform future sustainable supply chain management and marine ecosystem stewardship. , Thesis (DBA) -- Faculty of Business and Economic Sciences, School of Applied Accounting, 2022
- Full Text:
- Date Issued: 2022-12
- Authors: Adam, Yusuf
- Date: 2022-12
- Subjects: Derivatives product , sustainable aquaculture , Supply Chain management -- South Africa
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59531 , vital:62150
- Description: Contemporary aquaculture produces more seafood for growing global nutrition requirements than capture fisheries stocks, but aquaculture practices do have adverse environmental impacts. This research investigated more sustainable marine ecosystem management practices through alternative aquaculture feed ingredients and production systems that mimic natural marine food chains. The aim was to find an alternative feed model to make the industry more sustainable. Content analysis was used to let secondary research complement the empirical research to investigate the perceptions about various product derivatives for a more sustainable aquaculture feed supply chain. The survey entailed distributing 228 questionnaires and only 55 diverse stakeholders responded. By reviewing their perceptions of natural marine organisms and manufactured agricultural ingredients, the call for sustainably produced aquaculture feed could inform future sustainable supply chain management and marine ecosystem stewardship. , Thesis (DBA) -- Faculty of Business and Economic Sciences, School of Applied Accounting, 2022
- Full Text:
- Date Issued: 2022-12
The macroeconomic impact of ocean economy financing in South Africa
- Authors: Matekenya, Weliswa
- Date: 2022-12
- Subjects: Macroeconomics , Maritime –- South Africa
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60305 , vital:64343
- Description: The global ocean is responsible for providing seafood and employment to the world’s population and is the key driver of global gross domestic product. The ocean economy (blue economy) has been identified as key to unlocking the growth potential of many economies. It is in this context that both the South African government and the private sector have invested in the ocean economy with the purpose of sustaining it and making it more productive. To this end, the government established the Operation Phakisa programme which is meant to fast-track ocean economy development. In line with operation Phakisa imperatives, the South African government began a series of budget allocations towards the various sectors of the oceans economy. This flow of public funds towards oceans economy sectors was with a view to reduce unemployment, grow the economy, increase trade as well as boost entrepreneurship. It is for this reason that the financing of the ocean economy needs to be assessed in terms of its role in ensuring sustainable economic growth through ocean economy activities. While the ocean economy is becoming a new focal point in the discourse on growth and sustainable development both globally and locally, it remains faced with a series of challenges in South Africa. These include inadequate economic incentives, outdated infrastructure, ineffective governance institutions, lack of technological advances, and insufficient management tools. All of these have led to unregulated competition among users, albeit in the context of extensive opportunities offered by the rising demand for seafood. The specific focus of the study is the macroeconomic impact of ocean economy financing in South Africa during the 1994 to 2019 period. The study employed ARDL to test long and short-run relationships. The results show that ocean economy financing in South Africa during this time to have had a positive effect on economic growth, and a negative relationship on unemployment, although the latter is statically insignificant, while ocean economy financing has a negative relationship with entrepreneurship, to have a positive relationship with total trade, and statistically significant. Based on the findings of the study recommendations are made for the South African government to continue investing in oceans economy marine infrastructure and to address any constraints that hinder the growth and sustainability of the country’s ocean economy. In order to ensure the economic viability of ocean ii economy financing four areas need attention, namely economic growth, entrepreneurship, job creation, and total trade. This study recommends that in order to grow the South African economy, a comprehensive growth strategy that looks beyond ocean economy should be adopted. Regarding entrepreneurship ease of doing business should be improved and all factors inhibiting entrepreneurship should be addressed. The requisite skills through human capital investment should be harnessed and decent and sustainable jobs in the ocean sector should be created. It is a well-known fact that an aggressive drive towards economic growth is not without negative externalities e.g pollutions, unreported, unregulated, and over-exploitation of ocean resources. Ocean governance is vital in preventing such negative externalities. The results of the study show that ocean governance boosts trade and reduces unemployment. , Thesis (PHD) -- Faculty of Business and Economic Sciences, 2022
- Full Text:
- Date Issued: 2022-12
- Authors: Matekenya, Weliswa
- Date: 2022-12
- Subjects: Macroeconomics , Maritime –- South Africa
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60305 , vital:64343
- Description: The global ocean is responsible for providing seafood and employment to the world’s population and is the key driver of global gross domestic product. The ocean economy (blue economy) has been identified as key to unlocking the growth potential of many economies. It is in this context that both the South African government and the private sector have invested in the ocean economy with the purpose of sustaining it and making it more productive. To this end, the government established the Operation Phakisa programme which is meant to fast-track ocean economy development. In line with operation Phakisa imperatives, the South African government began a series of budget allocations towards the various sectors of the oceans economy. This flow of public funds towards oceans economy sectors was with a view to reduce unemployment, grow the economy, increase trade as well as boost entrepreneurship. It is for this reason that the financing of the ocean economy needs to be assessed in terms of its role in ensuring sustainable economic growth through ocean economy activities. While the ocean economy is becoming a new focal point in the discourse on growth and sustainable development both globally and locally, it remains faced with a series of challenges in South Africa. These include inadequate economic incentives, outdated infrastructure, ineffective governance institutions, lack of technological advances, and insufficient management tools. All of these have led to unregulated competition among users, albeit in the context of extensive opportunities offered by the rising demand for seafood. The specific focus of the study is the macroeconomic impact of ocean economy financing in South Africa during the 1994 to 2019 period. The study employed ARDL to test long and short-run relationships. The results show that ocean economy financing in South Africa during this time to have had a positive effect on economic growth, and a negative relationship on unemployment, although the latter is statically insignificant, while ocean economy financing has a negative relationship with entrepreneurship, to have a positive relationship with total trade, and statistically significant. Based on the findings of the study recommendations are made for the South African government to continue investing in oceans economy marine infrastructure and to address any constraints that hinder the growth and sustainability of the country’s ocean economy. In order to ensure the economic viability of ocean ii economy financing four areas need attention, namely economic growth, entrepreneurship, job creation, and total trade. This study recommends that in order to grow the South African economy, a comprehensive growth strategy that looks beyond ocean economy should be adopted. Regarding entrepreneurship ease of doing business should be improved and all factors inhibiting entrepreneurship should be addressed. The requisite skills through human capital investment should be harnessed and decent and sustainable jobs in the ocean sector should be created. It is a well-known fact that an aggressive drive towards economic growth is not without negative externalities e.g pollutions, unreported, unregulated, and over-exploitation of ocean resources. Ocean governance is vital in preventing such negative externalities. The results of the study show that ocean governance boosts trade and reduces unemployment. , Thesis (PHD) -- Faculty of Business and Economic Sciences, 2022
- Full Text:
- Date Issued: 2022-12
Using night time data as a measure of gross domestic product in Sub-Saharan Africa
- Authors: Hamman, Nicolene
- Date: 2022-12
- Subjects: Data , Gross domestic product -- Sub-Saharan Africa
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59457 , vital:62119
- Description: Over the last decade, a bold move has been made by researchers to shift focus on improving and establishing accurate and reliable measures of economic activity across the globe. With an everchanging global economic landscape, unreliable GDP statistics and the lack thereof have held a nascent impact on formulating appropriate stabilization policies. This, in turn, have affected the affairs of nations, especially low income and developing ones. In an attempt to find alternative ways to measure economic activity, night time lights data have emerged in numerous empirical studies as a novel way of attempting to measure economic growth and development. Various studies have found this to be useful for countries that do not have statistical capabilities such as poor nations, while other studies have put forward arguments in favour of a possible non-linear relationship between GDP and night time lights data. Against this background, this study implores night time lights data extensively to establish whether it can serve as a possible measure of GDP in Sub-Saharan Africa between 1992 and 2012. Based on the results obtained from testing for a positive correlation between GDP and night time lights data in Sub-Saharan Africa, the study further aim to use night time lights data as a measure of GDP in the regressions against proxies of well-being, urbanization, and environmental degradation. The significance of the study relates to the fact that the estimation accuracy of GDP is positively influenced by spatial and radiation resolution of night time lights data. In addition, by taking a country-specific approach using more advanced econometric estimation techniques, this study improves on the empirical literature pertaining to African countries. All facets of pooled ordinary least squares (POLS), the pooled mean group estimators, as well as the wavelet coherence estimation techniques were the three approaches used to investigated correlations between night time lights data and economic activity. Overall findings indicate little evidence that night time lights data derived from the DMSP-OLS archive can serve as a strong measure of GDP in regressions across the Sub-Saharan African region. Recommendations and avenues for future research are outlined at the end of the study. , Thesis (PhD) -- Faculty of Business and Economics Science, School of Applied Accounting, 2022
- Full Text:
- Date Issued: 2022-12
- Authors: Hamman, Nicolene
- Date: 2022-12
- Subjects: Data , Gross domestic product -- Sub-Saharan Africa
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59457 , vital:62119
- Description: Over the last decade, a bold move has been made by researchers to shift focus on improving and establishing accurate and reliable measures of economic activity across the globe. With an everchanging global economic landscape, unreliable GDP statistics and the lack thereof have held a nascent impact on formulating appropriate stabilization policies. This, in turn, have affected the affairs of nations, especially low income and developing ones. In an attempt to find alternative ways to measure economic activity, night time lights data have emerged in numerous empirical studies as a novel way of attempting to measure economic growth and development. Various studies have found this to be useful for countries that do not have statistical capabilities such as poor nations, while other studies have put forward arguments in favour of a possible non-linear relationship between GDP and night time lights data. Against this background, this study implores night time lights data extensively to establish whether it can serve as a possible measure of GDP in Sub-Saharan Africa between 1992 and 2012. Based on the results obtained from testing for a positive correlation between GDP and night time lights data in Sub-Saharan Africa, the study further aim to use night time lights data as a measure of GDP in the regressions against proxies of well-being, urbanization, and environmental degradation. The significance of the study relates to the fact that the estimation accuracy of GDP is positively influenced by spatial and radiation resolution of night time lights data. In addition, by taking a country-specific approach using more advanced econometric estimation techniques, this study improves on the empirical literature pertaining to African countries. All facets of pooled ordinary least squares (POLS), the pooled mean group estimators, as well as the wavelet coherence estimation techniques were the three approaches used to investigated correlations between night time lights data and economic activity. Overall findings indicate little evidence that night time lights data derived from the DMSP-OLS archive can serve as a strong measure of GDP in regressions across the Sub-Saharan African region. Recommendations and avenues for future research are outlined at the end of the study. , Thesis (PhD) -- Faculty of Business and Economics Science, School of Applied Accounting, 2022
- Full Text:
- Date Issued: 2022-12
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
- Full Text:
- Date Issued: 2023-04
- 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
- Full Text:
- Date Issued: 2023-04
A risk management model for commercial property development and investment in Ghana
- Authors: Asianoah, Rexford Kofi
- Date: 2023-04
- Subjects: Risk management , Commercial real estate , Investment -- Ghana
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60493 , vital:65633
- Description: Commercial property development and investment provide many benefits to individuals and governments around the globe; these include the generation of income for investors, employment, tax revenues, and contributions to a country‘s GDP. Yet commercial property development and investment projects involve construction, economic and management risks. A lack of effective risk assessment and management tools may lead to developers and investors incurring losses. To curtail such losses, this study sought to create a credible management model that can be used to assess and manage risks in Ghana‘s commercial property development and investment industry. An extensive literature review was done, covering all 12 identified study constructs: real estate trends and cycle, construction project management, outside advice/mentorship, spatial development, strategic factors, business management skills, PMBOK, PESTEL analysis, general management skills, governance structures, financial feasibility, professional feasibility, and risk management. Each construct was defined and operationalised. A positivistic philosophical approach was used, and quantitative approach was used to solicit data from the main respondents through the distribution of questionnaires to the target population sample. CB-SEM and SPSS version 24 were used to analyse data, SEM to test the positive relationships hypothesised between the identified variables and SPSS to analyse the demographic data. The major findings are that there is a lack of financial and professional feasibility analysis among respondents along the following factors: the PMBOK, real estate trends and cycles, general management, business management, strategic factors, spatial development, and PESTEL analysis. It was found that these factors have positive and favourable influences on CPDI projects. The study recommends that developers and investors do financial and professional feasibility studies before they embark on projects. This could improve project viability in commercial property development and investment. The study has contributed to the body of knowledge in CPDI sector by developing a new risk assessment/risk management model. , Thesis (PhD) -- Faculty of Engineering Built Environment and Technology, School of the built Environment, 2023
- Full Text:
- Date Issued: 2023-04
- Authors: Asianoah, Rexford Kofi
- Date: 2023-04
- Subjects: Risk management , Commercial real estate , Investment -- Ghana
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60493 , vital:65633
- Description: Commercial property development and investment provide many benefits to individuals and governments around the globe; these include the generation of income for investors, employment, tax revenues, and contributions to a country‘s GDP. Yet commercial property development and investment projects involve construction, economic and management risks. A lack of effective risk assessment and management tools may lead to developers and investors incurring losses. To curtail such losses, this study sought to create a credible management model that can be used to assess and manage risks in Ghana‘s commercial property development and investment industry. An extensive literature review was done, covering all 12 identified study constructs: real estate trends and cycle, construction project management, outside advice/mentorship, spatial development, strategic factors, business management skills, PMBOK, PESTEL analysis, general management skills, governance structures, financial feasibility, professional feasibility, and risk management. Each construct was defined and operationalised. A positivistic philosophical approach was used, and quantitative approach was used to solicit data from the main respondents through the distribution of questionnaires to the target population sample. CB-SEM and SPSS version 24 were used to analyse data, SEM to test the positive relationships hypothesised between the identified variables and SPSS to analyse the demographic data. The major findings are that there is a lack of financial and professional feasibility analysis among respondents along the following factors: the PMBOK, real estate trends and cycles, general management, business management, strategic factors, spatial development, and PESTEL analysis. It was found that these factors have positive and favourable influences on CPDI projects. The study recommends that developers and investors do financial and professional feasibility studies before they embark on projects. This could improve project viability in commercial property development and investment. The study has contributed to the body of knowledge in CPDI sector by developing a new risk assessment/risk management model. , Thesis (PhD) -- Faculty of Engineering Built Environment and Technology, School of the built Environment, 2023
- Full Text:
- Date Issued: 2023-04
A strategic turnaround model for distressed properties
- Authors: Pitsiladi, Lesvokli N
- Date: 2023-04
- Subjects: Reorganization , Distressed properties
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60467 , vital:65603
- Description: The importance of commercial real estate is clearly shown by the role it plays, worldwide, in the sustainability of economic activities, with a substantial global impact when measured in monetary terms. This study responds to an important gap in the built environment and turnaround literature relating to the likelihood of a successful distressed commercial property financial recovery. The present research effort addressed the absence of empirical evidence by identifying a number of important factors that influence the likelihood of a successful distressed, commercial property financial recovery. Once the important factors that increase the likelihood of recovery have been determined, the results can be used as a basis for turnaround strategies concerning property investors who invest in distressed opportunities. A theoretical turnaround model concerning properties in distress, would be of interest to ‘opportunistic investing’ yield-hungry investors targeting real estate transactions involving ‘turnaround’ potential. Against this background, the main research problem investigated in the present research effort was as follows: Determine the important factors that would increase the likelihood of a successful distressed commercial property financial recovery. A proposed theoretical model was constructed and empirically tested through a questionnaire distributed physically and electronically to a sample of real estate practitioners from across the globe, and who had all been involved, directly or indirectly, with reviving distressed properties. An explanation was provided to respondents of how the questionnaire was developed and how it would be administered. The demographic information pertaining to the 391 respondents was analysed and summarised. The statistical analysis performed to ensure the validity and reliability of the results, was explained to respondents, together with a detailed description of the covariance structural equation modelling method used to verify the proposed theoretical conceptual model. vi The independent variables of the present research effort comprised; Obsolescence Identification, Capital Improvements Feasibility, Tenant Mix, Triple Net Leases, Concessions, Property Management, Contracts, Business Analysis, Debt Renegotiation, Cost-Cutting, Market Analysis, Strategic Planning and Demography, while the dependent variable was The Perceived Likelihood of a Distressed Commercial Property Financial Recovery. After analysis of the findings, a revised model was then proposed and assessed. Both validity and reliability were assessed and resulted in the following factors that potentially influence the dependent variables; Strategy, Concessions, Tenant Mix, Debt Restructuring, Demography, Analyse Alternatives, Capital Improvements Feasibility, Property Management and Net Leases while, after analysis, the dependent variable was replaced by two dependent variables; The Likelihood of a Distressed Property Turnaround and The Likelihood of a Distressed Property Financial Recovery. The results showed that Strategy (comprising of items from Strategic Planning, Business Analysis, Obsolescence Identification and Property Management) and Concessions (comprising of items from Concessions and Triple Net Leases) had a positive influence on both the dependent variables. Property Management (comprising of items from Business Analysis, Property Management, Capital Improvements Feasibility and Tenant Mix) had a positive influence on Financial Turnaround variable while Capital Improvements Feasibility (comprising of items from Capital Improvements Feasibility, Obsolescence Identification and Property Management) had a negative influence on both. Demography (comprising of items only from Demography) had a negative influence on the Financial Recovery variable. The balance of the relationships were depicted as non-significant. The present research effort presents important actions that can be used to influence the turnaround and recovery of distressed real estate. The literature had indicated reasons to recover distressed properties as having wide-ranging economic consequences for the broader communities and the countries in which they reside. The turnaround of distressed properties will not only present financial rewards for opportunistic investors but will have positive effects on the greater community and economy and, thus, social and economic stability. Vii With the emergence of the COVID-19 pandemic crisis, issues with climate change and sustainability, global demographic shifts, changing user requirements, shifts in technology, the threat of obsolescence, urbanisation, globalisation, geo-political tensions, shifting global order, new trends and different generational expectations, it is becoming more apparent that the threat of distressed, abandoned and derelict properties is here to stay, and which will present future opportunities for turnaround, distressed property owners, as well as future worries for urban authorities and municipalities dealing with urban decay. The study concluded with an examination of the perceived limitations of the study as well as presenting a comprehensive range of suggestions for further research. , Thesis (PhD) -- Faculty of Engineering, Built Environment and Information Technology, School of the built Environment, 2023
- Full Text:
- Date Issued: 2023-04
- Authors: Pitsiladi, Lesvokli N
- Date: 2023-04
- Subjects: Reorganization , Distressed properties
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60467 , vital:65603
- Description: The importance of commercial real estate is clearly shown by the role it plays, worldwide, in the sustainability of economic activities, with a substantial global impact when measured in monetary terms. This study responds to an important gap in the built environment and turnaround literature relating to the likelihood of a successful distressed commercial property financial recovery. The present research effort addressed the absence of empirical evidence by identifying a number of important factors that influence the likelihood of a successful distressed, commercial property financial recovery. Once the important factors that increase the likelihood of recovery have been determined, the results can be used as a basis for turnaround strategies concerning property investors who invest in distressed opportunities. A theoretical turnaround model concerning properties in distress, would be of interest to ‘opportunistic investing’ yield-hungry investors targeting real estate transactions involving ‘turnaround’ potential. Against this background, the main research problem investigated in the present research effort was as follows: Determine the important factors that would increase the likelihood of a successful distressed commercial property financial recovery. A proposed theoretical model was constructed and empirically tested through a questionnaire distributed physically and electronically to a sample of real estate practitioners from across the globe, and who had all been involved, directly or indirectly, with reviving distressed properties. An explanation was provided to respondents of how the questionnaire was developed and how it would be administered. The demographic information pertaining to the 391 respondents was analysed and summarised. The statistical analysis performed to ensure the validity and reliability of the results, was explained to respondents, together with a detailed description of the covariance structural equation modelling method used to verify the proposed theoretical conceptual model. vi The independent variables of the present research effort comprised; Obsolescence Identification, Capital Improvements Feasibility, Tenant Mix, Triple Net Leases, Concessions, Property Management, Contracts, Business Analysis, Debt Renegotiation, Cost-Cutting, Market Analysis, Strategic Planning and Demography, while the dependent variable was The Perceived Likelihood of a Distressed Commercial Property Financial Recovery. After analysis of the findings, a revised model was then proposed and assessed. Both validity and reliability were assessed and resulted in the following factors that potentially influence the dependent variables; Strategy, Concessions, Tenant Mix, Debt Restructuring, Demography, Analyse Alternatives, Capital Improvements Feasibility, Property Management and Net Leases while, after analysis, the dependent variable was replaced by two dependent variables; The Likelihood of a Distressed Property Turnaround and The Likelihood of a Distressed Property Financial Recovery. The results showed that Strategy (comprising of items from Strategic Planning, Business Analysis, Obsolescence Identification and Property Management) and Concessions (comprising of items from Concessions and Triple Net Leases) had a positive influence on both the dependent variables. Property Management (comprising of items from Business Analysis, Property Management, Capital Improvements Feasibility and Tenant Mix) had a positive influence on Financial Turnaround variable while Capital Improvements Feasibility (comprising of items from Capital Improvements Feasibility, Obsolescence Identification and Property Management) had a negative influence on both. Demography (comprising of items only from Demography) had a negative influence on the Financial Recovery variable. The balance of the relationships were depicted as non-significant. The present research effort presents important actions that can be used to influence the turnaround and recovery of distressed real estate. The literature had indicated reasons to recover distressed properties as having wide-ranging economic consequences for the broader communities and the countries in which they reside. The turnaround of distressed properties will not only present financial rewards for opportunistic investors but will have positive effects on the greater community and economy and, thus, social and economic stability. Vii With the emergence of the COVID-19 pandemic crisis, issues with climate change and sustainability, global demographic shifts, changing user requirements, shifts in technology, the threat of obsolescence, urbanisation, globalisation, geo-political tensions, shifting global order, new trends and different generational expectations, it is becoming more apparent that the threat of distressed, abandoned and derelict properties is here to stay, and which will present future opportunities for turnaround, distressed property owners, as well as future worries for urban authorities and municipalities dealing with urban decay. The study concluded with an examination of the perceived limitations of the study as well as presenting a comprehensive range of suggestions for further research. , Thesis (PhD) -- Faculty of Engineering, Built Environment and Information Technology, School of the built Environment, 2023
- Full Text:
- Date Issued: 2023-04
A systematic risk management model for construction project management: a case study of the new infrastructure project in the University of Mpumalanga
- Authors: Lukhele, Themba Mfanafuthi
- Date: 2023-04
- Subjects: Risk management , Construction industry -- Management , Infrastructure -- University of Mpumalanga
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60479 , vital:65609
- Description: The construction industry has become the significant player in the economy of many developed and developing countries in the world. The industry contributes to the Gross Domestic Product (GDP) and employment rate of many nations. As such, the industry is the engine for the economic development and growth across the world. Recently, African countries have received global attention due to its calls for massive infrastructure development and maintenance thereof. Accordingly, the South African government has adopted a National Infrastructure Development Plan (NIDP), which seeks not only to transform the economic landscape of the country, but also to support the integration of the African economies through infrastructure development. To ensure that the execution of these infrastructure projects is successfully delivered in terms of time, cost, and scope; project risk management in the construction industry has become an important area of interest in the execution and delivery of the infrastructure projects. However, the constantly increasing complexity and dynamics in the delivery of construction projects have serious effects on the risk management processes during the execution of the project. In practice, risk methods and techniques have proven to be unrealistic when using the traditional risk management approach in the context of the complexity and dynamic environments wherein construction projects are delivered. Worryingly, project management practitioners in engineering and construction projects still lack the holistic and systematic insight and understanding of construction projects when applying the risk management procedures in the complex and dynamic projects environments. As a result, there are growing reports of unsatisfactory delivery of construction projects in terms of time, cost, quality, and environmental objectives. In this regard, the call for embracing the systems thinking paradigm as the alternative approach that will provide more clarity in dealing with the complex management challenges and which will gradually substitute the traditional theoretical approach of dealing with construction project management, is becoming prominent. Against this background, this study uses a multiple case study approach to explore how a systematic risk management approach could be developed and applied towards successful delivery of construction projects, and subsequently to propose a systematic risk management model that is designed to depict and grasp the underlying complexities and dynamics embedded ix | P a g e in construction projects. The choice of the case study design is founded on its utility and appropriateness for in-depth investigations into phenomena in its context as well as its usefulness for exploratory studies. Therefore, to explore the risk management phenomenon in real-life settings, the unit of analysis in this study was based on three construction projects built in one of the new Institutions of Higher Learning in South Africa during the period between 2017 and 2019. Notwithstanding the unique characteristics of these projects, the complexity and dynamic environments of these projects also emanated from the facts that i) the successful delivery of the projects was a predecessor activity to the academic schedule and activities; ii) this was one of the first universities to be built by the democratic Republic of South Africa; and, iii) the construction contract used for the delivery of the construction projects is relatively new to the professionals in the country’s construction industry. This qualitative case study design has its backbone in the constructivism philosophical paradigm which is underpinned by the ontology that there are multiple realities as conceptualized, experienced, and perceived by the people in their real-life situations or natural settings. Accordingly, the construction professionals, projects’ documents as well as field work observations were purposively chosen as the essential and reliable methods of data collection for this case study. For analysis, a conventional content data analysis methodology was applied on the empirical data that was obtained from the multiple data sources to provide a clearer understanding of the contexts in which the risk management for construction projects is performed. Accordingly, a qualitative data analysis software system called MAXQDA was used to enable the performance of data coding, managing coding, and eventually the retrieving of the coded segments in a form of visual models and summary tables. Ultimately, the qualitative content analysis approach in this thesis was performed in terms of a ‘critical filter of thick description’ which involved a balanced approach between the deductive analysis and the inductive analysis processes. With the assistance of the MAXQDA, performing the multiple levels coding and analysis processes in this thesis has not only been efficient, but also more reliable. To shed insight into the empirical findings of the study, a hybrid theoretical framework has been applied in the discussion and interpretation of the findings. The theoretical framework of this study is underpinned by the complexity theory and the theory of systems engineering. The applicability of these theories in this study is essential in providing a x | P a g e systematic and logical explanation of the practices of risk management in construction projects and further helps to explain why particular events occurred in the processes of risk management. Eventually, the theoretical framework has enabled the designing and developing of a systematic risk management model that will assist in depicting and grasping the underlying complexities while supporting proactive decision making in the delivery of construction projects. To this end, this study has made several major contributions in three multiple folds in the body of knowledge. Firstly, this study makes theoretical contributions by developing an empirically underpinned systematic risk management model which provide more clarity on comprehending the multifaceted and complex risk factors embedded in construction projects. Secondly, the qualitative case study approach and the associated analysis methods thereof in this thesis provides novelty and lays the groundwork for future research and methodological replicability in another similar phenomenon elsewhere in the world. Thirdly, this study has gone some way towards expanding the understanding and the basis for managerial decision making in relation to front-end planning and proactive approach for risk management, and eventually to improve projects’ performances on cost, time, scope, and environmental sustainability. In this regard, the key practical implication for project management practitioners is that the adoption and embracing of the systematic and holistic thinking approach in the risk management processes could enhance the successful delivery of construction projects. In the literature, there is paucity and need for more research into the exploration and analysis of the integration and interplay between the systems engineering and complexity perspectives and the other knowledge areas in the PMBOK. In conclusion, this thesis therefore argues that to address the deficiencies in risk management practices during construction projects’ delivery, the solution requires a paradigm shift from the traditional linear approach which, by design, overlooks the complexities, non-linearity and interdependences of the elements that are underpinning and characterizing the nature of the contemporary construction projects. Therefore, this thesis supports the increasingly emerging debate on the discourse that the superior traditional and linear approaches do not solve the current problems, and as such they should be replaced with the systems and holistic thinking approach that will provide more clarity in dealing with the complex management challenges in contemporary construction projects. , Thesis (PhD) -- Faculty of Engineering, Built environment and Information Technology, School of the built Environment 2023
- Full Text:
- Date Issued: 2023-04
- Authors: Lukhele, Themba Mfanafuthi
- Date: 2023-04
- Subjects: Risk management , Construction industry -- Management , Infrastructure -- University of Mpumalanga
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60479 , vital:65609
- Description: The construction industry has become the significant player in the economy of many developed and developing countries in the world. The industry contributes to the Gross Domestic Product (GDP) and employment rate of many nations. As such, the industry is the engine for the economic development and growth across the world. Recently, African countries have received global attention due to its calls for massive infrastructure development and maintenance thereof. Accordingly, the South African government has adopted a National Infrastructure Development Plan (NIDP), which seeks not only to transform the economic landscape of the country, but also to support the integration of the African economies through infrastructure development. To ensure that the execution of these infrastructure projects is successfully delivered in terms of time, cost, and scope; project risk management in the construction industry has become an important area of interest in the execution and delivery of the infrastructure projects. However, the constantly increasing complexity and dynamics in the delivery of construction projects have serious effects on the risk management processes during the execution of the project. In practice, risk methods and techniques have proven to be unrealistic when using the traditional risk management approach in the context of the complexity and dynamic environments wherein construction projects are delivered. Worryingly, project management practitioners in engineering and construction projects still lack the holistic and systematic insight and understanding of construction projects when applying the risk management procedures in the complex and dynamic projects environments. As a result, there are growing reports of unsatisfactory delivery of construction projects in terms of time, cost, quality, and environmental objectives. In this regard, the call for embracing the systems thinking paradigm as the alternative approach that will provide more clarity in dealing with the complex management challenges and which will gradually substitute the traditional theoretical approach of dealing with construction project management, is becoming prominent. Against this background, this study uses a multiple case study approach to explore how a systematic risk management approach could be developed and applied towards successful delivery of construction projects, and subsequently to propose a systematic risk management model that is designed to depict and grasp the underlying complexities and dynamics embedded ix | P a g e in construction projects. The choice of the case study design is founded on its utility and appropriateness for in-depth investigations into phenomena in its context as well as its usefulness for exploratory studies. Therefore, to explore the risk management phenomenon in real-life settings, the unit of analysis in this study was based on three construction projects built in one of the new Institutions of Higher Learning in South Africa during the period between 2017 and 2019. Notwithstanding the unique characteristics of these projects, the complexity and dynamic environments of these projects also emanated from the facts that i) the successful delivery of the projects was a predecessor activity to the academic schedule and activities; ii) this was one of the first universities to be built by the democratic Republic of South Africa; and, iii) the construction contract used for the delivery of the construction projects is relatively new to the professionals in the country’s construction industry. This qualitative case study design has its backbone in the constructivism philosophical paradigm which is underpinned by the ontology that there are multiple realities as conceptualized, experienced, and perceived by the people in their real-life situations or natural settings. Accordingly, the construction professionals, projects’ documents as well as field work observations were purposively chosen as the essential and reliable methods of data collection for this case study. For analysis, a conventional content data analysis methodology was applied on the empirical data that was obtained from the multiple data sources to provide a clearer understanding of the contexts in which the risk management for construction projects is performed. Accordingly, a qualitative data analysis software system called MAXQDA was used to enable the performance of data coding, managing coding, and eventually the retrieving of the coded segments in a form of visual models and summary tables. Ultimately, the qualitative content analysis approach in this thesis was performed in terms of a ‘critical filter of thick description’ which involved a balanced approach between the deductive analysis and the inductive analysis processes. With the assistance of the MAXQDA, performing the multiple levels coding and analysis processes in this thesis has not only been efficient, but also more reliable. To shed insight into the empirical findings of the study, a hybrid theoretical framework has been applied in the discussion and interpretation of the findings. The theoretical framework of this study is underpinned by the complexity theory and the theory of systems engineering. The applicability of these theories in this study is essential in providing a x | P a g e systematic and logical explanation of the practices of risk management in construction projects and further helps to explain why particular events occurred in the processes of risk management. Eventually, the theoretical framework has enabled the designing and developing of a systematic risk management model that will assist in depicting and grasping the underlying complexities while supporting proactive decision making in the delivery of construction projects. To this end, this study has made several major contributions in three multiple folds in the body of knowledge. Firstly, this study makes theoretical contributions by developing an empirically underpinned systematic risk management model which provide more clarity on comprehending the multifaceted and complex risk factors embedded in construction projects. Secondly, the qualitative case study approach and the associated analysis methods thereof in this thesis provides novelty and lays the groundwork for future research and methodological replicability in another similar phenomenon elsewhere in the world. Thirdly, this study has gone some way towards expanding the understanding and the basis for managerial decision making in relation to front-end planning and proactive approach for risk management, and eventually to improve projects’ performances on cost, time, scope, and environmental sustainability. In this regard, the key practical implication for project management practitioners is that the adoption and embracing of the systematic and holistic thinking approach in the risk management processes could enhance the successful delivery of construction projects. In the literature, there is paucity and need for more research into the exploration and analysis of the integration and interplay between the systems engineering and complexity perspectives and the other knowledge areas in the PMBOK. In conclusion, this thesis therefore argues that to address the deficiencies in risk management practices during construction projects’ delivery, the solution requires a paradigm shift from the traditional linear approach which, by design, overlooks the complexities, non-linearity and interdependences of the elements that are underpinning and characterizing the nature of the contemporary construction projects. Therefore, this thesis supports the increasingly emerging debate on the discourse that the superior traditional and linear approaches do not solve the current problems, and as such they should be replaced with the systems and holistic thinking approach that will provide more clarity in dealing with the complex management challenges in contemporary construction projects. , Thesis (PhD) -- Faculty of Engineering, Built environment and Information Technology, School of the built Environment 2023
- Full Text:
- Date Issued: 2023-04