Comprehensive political risk assessment of South Africa
- Authors: Barnard, Sharlene , Croucamp, Piet
- Date: 2015
- Subjects: Political risk , Risk indicators , Country risk
- Type: Article
- Identifier: uj:5582 , ISSN 17277051 , http://hdl.handle.net/10210/14245
- Description: South Africa is classified as a middle-income state with ample supply of resources, a well-developed communication, financial, energy, legal and transport sector, and a stock exchange ranked among the top twenty-five in the world. The risk factors that arise in South Africa’s external environment, such as contracted economic growth in the Eurozone and the consequences of quantitative easing in the USA (the potential outflow of capital from developing markets), are indicators of instability to the economy, but over which the country has minimal jurisdiction. Internal risks have been on the rise in the form of an inflationary current account deficit, declining mining and manufacturing outputs, coupled with escalating corruption in the public and private sectors. The purpose of this paper is to provide a comprehensive political risk assessment of South Africa based on 12 identified risk indicators. Research for this paper includes various articles, risk reports and wide ranging factual research. South Africa is measured as a medium to moderate risk state.
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Do foreign remittances encourage investment in the rural non-farm economy sector? evidence from Igbos of Southeast Nigeria
- Authors: Edoun, Emmanuel Innocents , Ezeanyika, S. E. , Mbohwa, Charles
- Date: 2015
- Subjects: Foreign remittances - Nigeria , Rural nonfarm economy - Nigeria , Igbo (African people)
- Type: Article
- Identifier: uj:5539 , ISSN 17277051 , http://hdl.handle.net/10210/14087
- Description: In recent years, foreign remittances have become a major source of external development finance. In the past decade, Nigeria has become the single largest recipient of foreign remittances in Sub-Saharan Africa, receiving between 30 to 60 percent of flows into the region. However, because of the conventional view that the bulk of household income from foreign remittances is used particularly for consumption purposes, their deliberate investment by some recipients in the rural nonfarm economy (RNFE) has not yet undergone rigorous econometric analyzes. The thrust of this paper is to estimate the impact of foreign remittances on the RNFE of the Igbos of Southeast Nigeria, using sample data from foreign remittance-receiving households engaged in rural nonfarm income-yielding investments. Key findings from the regression analysis show that households’ ratio of foreign remittances invested in rural nonfarm activities (RNFA) to the total amount of foreign remittances received by them tend to decrease with the increase in remittances received. There is, however, a positive correlation between remittances and expenditure on the rural nonfarm sector. The remittance elasticity for investment in the sector and the marginal foreign remittances share confirm that foreign remittance-receiving households spend a higher proportion of remittances on profit-oriented RNFA.
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