Modelling the demand for credit to the private sector in South Africa : an investigation of aggregate and institutional sector factors
- Authors: Gumata, Nombulelo
- Date: 2013-12-09
- Subjects: Global financial crisis , Money , Credit management , Supply and demand
- Type: Thesis
- Identifier: uj:7836 , http://hdl.handle.net/10210/8730
- Description: M.Comm. (Economics) , The recent global financial and economic crisis has brought about renewed interest in the nexus between credit markets and monetary policy. This research aims to contribute to the understanding of the factors that drive the demand for credit on an aggregate level, and the household and corporate sectors for the South African economy. The study assessed the equilibrium determinants of the aggregate and sectoral demand for credit in South Africa by making use of a cointegrated vector autoregression (CVAR) methodology. In addition, the periods of debt overhang and short-falls, at aggregate and sectoral levels in the credit market, are derived from these equilibrium levels. The estimated models indicate the existence of long-run relationships for the aggregate credit demand equation, a classic demand-type relationship linking aggregate credit with gross domestic product (GDP) and the lending rate is established. For credit extended to the corporate sector, the results indicate that in the long-run it is determined by investment expenditure, operating surpluses and the lending rate. Whereas for credit extension to the household sector, it was found that the lending rate, disposable income and household debt were its important long-run determinants. All the results of the estimated equations are in line with a demand-type relationship and the traditional hypothesis that credit is demanded to finance real economic transactions, namely for liquidity purposes and to finance working capital. The results of the short-term dynamics indicate that credit extension variables are the equilibrium variables, although the speed of adjustment parameter is found to be sluggish, which shows that the slow adjustment to equilibrium from shocks to the credit markets is attributable to the existence of stronger frictions and transaction costs in credit markets. These findings justify the persistent periods of credit overhang and short-falls in South Africa that this study derives from the equilibrium coefficient terms. The study shows that periods of credit overhang and short-falls are linked to the business cycle phases in South Africa.
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Transitioning South Africa to a cashless economy as a developing country
- Authors: Mutheiwana, Sidze Benjamin , Brink, Roelien
- Date: 2018
- Subjects: Bank , Money , Tax
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/278161 , uj:29844 , Citation: Mutheiwana, S. & Brink, R. 2018. Transitioning South Africa to a cashless economy as a developing country.
- Description: Abstract: The subject of Cashless Economies continues to be a topic of conversation as countries around the world seek to move more towards digitals methods of conducting financial transactions. The purpose of this article is to determine whether transitioning towards a cashless economy could stimulate the overall economic development and provide more revenue for South Africa. A descriptive research approach was undertaken. The study was quantitative and it was used to uncover patterns and characteristics from the random population which undertook the study. Eighty participants took part in completing the questionnaire for the study. The results obtained showed larger amount of the population being readier to transition towards a cashless economy. The results also indicated that security was a main concern to a larger audience, although even besides that the usage of mobile and internet transacting among all age groups and gender was significantly high. The findings show that government should pay close attention to cashless services as this may facilitate to better tax compliance from all who are trading within the South African economy. Value was created by conducting research that could determine the effects of implementing cashless services and policies that enable such services in a country that is still regarded to be developing.
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The ethos of personal financial management of church members: a case study of the AFM Taberna Dei assembly
- Authors: Strauss, Willem Petrus
- Date: 2012-06-06
- Subjects: Apostolic Faith Mission of South Africa , Personal finance , Money , Christians and money
- Type: Thesis
- Identifier: uj:2461 , http://hdl.handle.net/10210/4918
- Description: M.A. , Money plays an important role in the everyday lives of church members. How church members view and engage with money has various implications. It concerns their theology, their well being and a number of other areas. In many cases the church has abdicated its responsibility to instruct and give guidance to church members and not provided adequate leading in the sphere of personal financial management. Diverse views on money are propagated through various media by both the secular world and the church alike. This Practical Theological study concerns the ethos of church members with regards to their personal financial management. It is a qualitative, phenomenological case study of the members of the AFM Taberna Dei assembly located in Polokwane, South Africa. This study is explorative and contextual. Qualified research subjects were selected by random sampling. Participants had to meet defined criteria, and data collection took place primarily through interviews with the chosen subjects. The probing question asked to participants is: “How do you approach your personal financial management?” Two main themes emerged during the coding and analytical phases of the research: theme A concerns religious beliefs influencing personal financial management and theme B non-religious beliefs and practices influencing the personal financial management of the participants. It is apparent that a general ethos of the personal financial management of members of Taberna Dei exists. This ethos is both defined and critiqued.
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