Outside the cities : tourism pathways in South Africa’s small towns and rural areas
- Authors: Rogerson, C.M., Prof.
- Date: 2016
- Subjects: Small town tourism , Rural tourism , Domestic tourism , Vfr travel , South Africa
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/93475 , uj:20351 , Citation: Rogerson, C.M., Prof. 2016. Outside the cities : tourism pathways in South Africa’s small towns and rural areas.
- Description: Abstract: In South Africa the major share of tourism and its benefits flows geographically to metropolitan areas and secondary cities. Across the international experience tourism is recognised as a critical sector for economic development in small towns and rural areas. In common with the international trends tourism is increasingly identified as a potential driver for small town economic diversification as well as for promoting rural development in South Africa. Against this policy backdrop the paper examines the nature of tourism development and flows which are occurring outside of South Africa’s cities. An analysis of data extracted from the Global Insight tourism base provides a macro-view of tourism trends beyond that of South Africa’s metropolitan areas and secondary cities. It is revealed that whereas tourism destinations outside the cities account for 43.5 percent of total tourism trips these areas capture only 31 percent of total tourism spending. Tourism flows outside the cities are strongly dominated by domestic rather than international travellers. In terms of purpose of travel, visiting friends and relatives (VFR) tourism is the most important; small towns and rural areas are destinations for 50 percent of all VFR travel in South Africa. The results of this analysis have implications for tourism-led planning for local development.
- Full Text:
- Authors: Rogerson, C.M., Prof.
- Date: 2016
- Subjects: Small town tourism , Rural tourism , Domestic tourism , Vfr travel , South Africa
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/93475 , uj:20351 , Citation: Rogerson, C.M., Prof. 2016. Outside the cities : tourism pathways in South Africa’s small towns and rural areas.
- Description: Abstract: In South Africa the major share of tourism and its benefits flows geographically to metropolitan areas and secondary cities. Across the international experience tourism is recognised as a critical sector for economic development in small towns and rural areas. In common with the international trends tourism is increasingly identified as a potential driver for small town economic diversification as well as for promoting rural development in South Africa. Against this policy backdrop the paper examines the nature of tourism development and flows which are occurring outside of South Africa’s cities. An analysis of data extracted from the Global Insight tourism base provides a macro-view of tourism trends beyond that of South Africa’s metropolitan areas and secondary cities. It is revealed that whereas tourism destinations outside the cities account for 43.5 percent of total tourism trips these areas capture only 31 percent of total tourism spending. Tourism flows outside the cities are strongly dominated by domestic rather than international travellers. In terms of purpose of travel, visiting friends and relatives (VFR) tourism is the most important; small towns and rural areas are destinations for 50 percent of all VFR travel in South Africa. The results of this analysis have implications for tourism-led planning for local development.
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Implementation of quality assurance practices and effectivess of road construction industry : a case of South African local municipalities
- Nyakala, Stephen, Vermeulen, Andre, Pretorius, Jan-Harm, Munyai, Thomas
- Authors: Nyakala, Stephen , Vermeulen, Andre , Pretorius, Jan-Harm , Munyai, Thomas
- Date: 2017
- Subjects: Quality assurance , Processes , South Africa
- Language: English
- Type: Conference proceedings
- Identifier: http://ujcontent.uj.ac.za8080/10210/383301 , http://hdl.handle.net/10210/249291 , uj:25934 , Citation: Nyakala, S. et al. 2017. Implementation of quality assurance practices and effectivess of road construction industry : a case of South African local municipalities.
- Description: Abstract: The road construction industry in South Africa suffers from major inefficiency, poor strategic planning and poor quality of infrastructure. Data from Small and Medium Enterprise (SME) emerging contractors and local government suggest that projects suffer from 30.1 percent to 39.4 percent inefficiency, lack of strategic planning and poor quality of rural road building. Inadequate planning and management control has been identified as a major source of inefficiency. The objective of this paper is to discuss and analyse the difficulties and inadequacies of quality assurance processes and to use the findings of the research to recommend how the quality assurance processes can be implemented to improve efficiency. This paper sought to develop a system that explains the rural roads construction projects in South Africa. A quantitative research approach was adopted using the survey method in which a questionnaire was administered to 160 randomly selected project/construction managers, architects, quantity surveyors, client/managers and administrators of a South African local government department. Descriptive statistics were analysed using frequencies, percentages, arithmetic mean and standard deviation, whilst Pearson correlation was used to measure the strength of the relationships and confirmatory factor analysis...
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- Authors: Nyakala, Stephen , Vermeulen, Andre , Pretorius, Jan-Harm , Munyai, Thomas
- Date: 2017
- Subjects: Quality assurance , Processes , South Africa
- Language: English
- Type: Conference proceedings
- Identifier: http://ujcontent.uj.ac.za8080/10210/383301 , http://hdl.handle.net/10210/249291 , uj:25934 , Citation: Nyakala, S. et al. 2017. Implementation of quality assurance practices and effectivess of road construction industry : a case of South African local municipalities.
- Description: Abstract: The road construction industry in South Africa suffers from major inefficiency, poor strategic planning and poor quality of infrastructure. Data from Small and Medium Enterprise (SME) emerging contractors and local government suggest that projects suffer from 30.1 percent to 39.4 percent inefficiency, lack of strategic planning and poor quality of rural road building. Inadequate planning and management control has been identified as a major source of inefficiency. The objective of this paper is to discuss and analyse the difficulties and inadequacies of quality assurance processes and to use the findings of the research to recommend how the quality assurance processes can be implemented to improve efficiency. This paper sought to develop a system that explains the rural roads construction projects in South Africa. A quantitative research approach was adopted using the survey method in which a questionnaire was administered to 160 randomly selected project/construction managers, architects, quantity surveyors, client/managers and administrators of a South African local government department. Descriptive statistics were analysed using frequencies, percentages, arithmetic mean and standard deviation, whilst Pearson correlation was used to measure the strength of the relationships and confirmatory factor analysis...
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A holistic framework for successful sponsoring IT projects from an IT governance persepective
- Authors: Letchtman, Elazar
- Date: 2008-04-23T10:39:40Z
- Subjects: Information technology , South Africa , ICT governance , Information communications technology
- Type: Thesis
- Identifier: uj:8588 , http://hdl.handle.net/10210/284
- Description: Over the past decade, research conducted for the benefit of IT project management has pointed to numerous factors that contribute to organisational project success. Support from executives and top management is often cited as an imperative factor, whilst having clear business objectives for conducting projects follows closely behind. The linchpin between the executive leadership team and project managers is the project sponsor, who is in a position to directly contribute to the two aforementioned project success factors. The precise responsibilities of the sponsor, however, remain relatively poorly defined. As a result, it is important to focus on this very important role and provide those who are in this position with a set of activities that would facilitate greater project success. Further to this, the corporate governance scandals of the past few years and the consequent publication of relevant acts of legislation and governance standards has forced top management to become more interested in the conduct of their organisation’s portfolio of projects. This research study therefore addresses both the formal and informal aspects of the role of the project sponsor and has provided guidance to organisations and professional associations in defining the role and responsibilities of the project sponsor within a corporate governance framework. The first goal was therefore to establish a holistic corporate governance framework that encompasses the roles of IT and project management in the organisation. By doing so, executives are given a road map that aligns all IT projects with organisational strategy and a means to facilitate greater internal control over all IT project-related activities. This was developed by identifying the relevance and implications that recent corporate scandals around the world have had on IT and project management in general. This then led to combining COBIT (which is an IT governance Abstract ii framework) and a new project governance framework (known as the PG framework) to form a corporate governance framework. This is followed by the development of a generic project sponsorship competency framework that provides organisations with a benchmark that assesses whether an individual is appropriately suited for the role of sponsoring an IT project. Both frameworks provide a means to facilitate better strategic alignment and internal control of all IT project-related activities, and thus contribute to the improvement of IT project management capability within the organisation. , Labuschagne, L., Prof.
- Full Text:
- Authors: Letchtman, Elazar
- Date: 2008-04-23T10:39:40Z
- Subjects: Information technology , South Africa , ICT governance , Information communications technology
- Type: Thesis
- Identifier: uj:8588 , http://hdl.handle.net/10210/284
- Description: Over the past decade, research conducted for the benefit of IT project management has pointed to numerous factors that contribute to organisational project success. Support from executives and top management is often cited as an imperative factor, whilst having clear business objectives for conducting projects follows closely behind. The linchpin between the executive leadership team and project managers is the project sponsor, who is in a position to directly contribute to the two aforementioned project success factors. The precise responsibilities of the sponsor, however, remain relatively poorly defined. As a result, it is important to focus on this very important role and provide those who are in this position with a set of activities that would facilitate greater project success. Further to this, the corporate governance scandals of the past few years and the consequent publication of relevant acts of legislation and governance standards has forced top management to become more interested in the conduct of their organisation’s portfolio of projects. This research study therefore addresses both the formal and informal aspects of the role of the project sponsor and has provided guidance to organisations and professional associations in defining the role and responsibilities of the project sponsor within a corporate governance framework. The first goal was therefore to establish a holistic corporate governance framework that encompasses the roles of IT and project management in the organisation. By doing so, executives are given a road map that aligns all IT projects with organisational strategy and a means to facilitate greater internal control over all IT project-related activities. This was developed by identifying the relevance and implications that recent corporate scandals around the world have had on IT and project management in general. This then led to combining COBIT (which is an IT governance Abstract ii framework) and a new project governance framework (known as the PG framework) to form a corporate governance framework. This is followed by the development of a generic project sponsorship competency framework that provides organisations with a benchmark that assesses whether an individual is appropriately suited for the role of sponsoring an IT project. Both frameworks provide a means to facilitate better strategic alignment and internal control of all IT project-related activities, and thus contribute to the improvement of IT project management capability within the organisation. , Labuschagne, L., Prof.
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Contractors' perceptions of contractor development programmes in South Africa
- Dapaah, Ambrose D., Musonda, Innocent
- Authors: Dapaah, Ambrose D. , Musonda, Innocent
- Date: 2013
- Subjects: Contractor development programme , Small medium and micro enterprises , Perceptions , Gaps , South Africa
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/22454 , uj:16203 , Citation: Dapaah, A.D. & Musonda, I. 2013. Contractors' perceptions of contractor development programmes in South Africa. Proceedings of the 7th ASOCSA Conference, Cape Town, 28-30 July 2013, p. 24-35. ISBN:978-0-620-55984-3
- Description: Abstract: The prime objective of contractor development programmes (CDP) is to assist Small Medium and Micro Enterprises (SMMEs) to improve their management skills and performance levels to that of established firms. However literature informs that some of these programmes have not achieved their intended objectives with one of the causes of this failure being the mismatch between contractors’ expectations and what is being offered as a development programme. Contractors have highlighted some gaps in the programmes which if addressed could assist in eliminating some of their concerns.
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- Authors: Dapaah, Ambrose D. , Musonda, Innocent
- Date: 2013
- Subjects: Contractor development programme , Small medium and micro enterprises , Perceptions , Gaps , South Africa
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/22454 , uj:16203 , Citation: Dapaah, A.D. & Musonda, I. 2013. Contractors' perceptions of contractor development programmes in South Africa. Proceedings of the 7th ASOCSA Conference, Cape Town, 28-30 July 2013, p. 24-35. ISBN:978-0-620-55984-3
- Description: Abstract: The prime objective of contractor development programmes (CDP) is to assist Small Medium and Micro Enterprises (SMMEs) to improve their management skills and performance levels to that of established firms. However literature informs that some of these programmes have not achieved their intended objectives with one of the causes of this failure being the mismatch between contractors’ expectations and what is being offered as a development programme. Contractors have highlighted some gaps in the programmes which if addressed could assist in eliminating some of their concerns.
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Employee participation in post-apartheid South Africa as a tool for global competitiveness.
- Authors: Isabirye, Anthony
- Date: 2007-10-23T09:09:14Z
- Subjects: international competition , employee empowerment and participation , management , South Africa , industrial relations
- Type: Thesis
- Identifier: uj:6345 , http://hdl.handle.net/10210/108
- Description: This research focused on employee participation in South African organisations as a tool for global competitiveness. Chapter one outlines the background to the study, its aims, statement of the problem and the research methodology. World wide socio -political and political changes were discussed. It emerged that such changes have revolutionalised and democratised countries and their organizations. Despite being recognised as a democratic country now, many of South Africa’s organisations are not yet fully democratic. Such organisations face the danger of being out-performed globally by those organisations that have already democratised themselves, as dictated by global trends. Using a theoretical exploration of relevant literature, the research was designed to determine the extent to which organisations in South Africa have positioned themselves to compete globally through the use of employee participation at the workplace. A theoretically-oriented method was utilised since the concepts of Global Competitiveness, or being “World-Class”, and that of Employee Participatio n are relatively new in South Africa. It is argued that the method contributes, inter alia, to the uncovering of generalisations that could be investigated by future researchers using more accurate and complex designs. At the same time, a broader understanding of the concepts of Global Competitiveness and “World-Class” is gained. From a detailed discussion of the concept “World-Class” it is evident that “world-class” organisations design their strategies, structures and leadership processes in such a way that customers’ needs are continuously met. To ensure that customers are provided with high quality products, globally competitive organisations continuously benchmark their systems, processes and results against those of the best organisation in the world . It is argued that Employment Relations Management as a sub-system of the wider organisational system has to be designed and managed in a way that ensures the satisfaction of the organisation’s employees and external clients. It also has to be benchmarked to ensure that it continues to deliver optimally. This necessitates a paradigm shift in the management of Employment Relations, from the typically Unitarist approach that characterised the work-place prior to the country’s democratisation in April 1994, to an integrated approach that takes cognisance of the interests, values and needs of all stakeholders. Such an approach would, no , Prof. J.A. Slabbert
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- Authors: Isabirye, Anthony
- Date: 2007-10-23T09:09:14Z
- Subjects: international competition , employee empowerment and participation , management , South Africa , industrial relations
- Type: Thesis
- Identifier: uj:6345 , http://hdl.handle.net/10210/108
- Description: This research focused on employee participation in South African organisations as a tool for global competitiveness. Chapter one outlines the background to the study, its aims, statement of the problem and the research methodology. World wide socio -political and political changes were discussed. It emerged that such changes have revolutionalised and democratised countries and their organizations. Despite being recognised as a democratic country now, many of South Africa’s organisations are not yet fully democratic. Such organisations face the danger of being out-performed globally by those organisations that have already democratised themselves, as dictated by global trends. Using a theoretical exploration of relevant literature, the research was designed to determine the extent to which organisations in South Africa have positioned themselves to compete globally through the use of employee participation at the workplace. A theoretically-oriented method was utilised since the concepts of Global Competitiveness, or being “World-Class”, and that of Employee Participatio n are relatively new in South Africa. It is argued that the method contributes, inter alia, to the uncovering of generalisations that could be investigated by future researchers using more accurate and complex designs. At the same time, a broader understanding of the concepts of Global Competitiveness and “World-Class” is gained. From a detailed discussion of the concept “World-Class” it is evident that “world-class” organisations design their strategies, structures and leadership processes in such a way that customers’ needs are continuously met. To ensure that customers are provided with high quality products, globally competitive organisations continuously benchmark their systems, processes and results against those of the best organisation in the world . It is argued that Employment Relations Management as a sub-system of the wider organisational system has to be designed and managed in a way that ensures the satisfaction of the organisation’s employees and external clients. It also has to be benchmarked to ensure that it continues to deliver optimally. This necessitates a paradigm shift in the management of Employment Relations, from the typically Unitarist approach that characterised the work-place prior to the country’s democratisation in April 1994, to an integrated approach that takes cognisance of the interests, values and needs of all stakeholders. Such an approach would, no , Prof. J.A. Slabbert
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Estimates of the informal economy in South Africa: some macroeconomic policy implications.
- Authors: Saunders, Stephen Graham
- Date: 2008-06-20T13:42:43Z
- Subjects: South Africa , macroeconomics , economic policy , informal sector ( economics )
- Type: Thesis
- Identifier: uj:3119 , http://hdl.handle.net/10210/653
- Description: This study estimates the size of the informal economy in South Africa, evaluates the macroeconomic implications of this, and then concludes with possible effects that all of this might have on policy. The research is conducted as a South African case study, and uses time-series analysis for the period 1966-2002. Recently there has been a revival of interest in the informal economies of a number of countries. The revival has been driven largely by an increase in the size of informal economies, in both absolute and relative terms. South Africa is no exception to this trend: more and more people are entering the informal economy. The rapid urbanization of the black population, the slow pace of economic growth, the decrease in the incidence of formal employment, the promotion of small-, medium- and microenterprises (SMMEs), as well, finally, as the so-called ‘informalization’ of formal businesses are all factors contributing to the recent growth in the South African informal economy. There is not much literature on the South African informal economy, and what there is tends to be narrow, specializing in particular aspects of the informal economy. Moreover, the subject is controversial: there seems to be little agreement on the definition and use of informal economy estimates in both economic analysis and policy-making. In response to this situation, therefore, the present study examines the problem of defining the informal economy and considers the reasons why people might prefer to operate in the informal economy rather than in the formal economy. By III examining the various definitions of the South African informal economy and by looking at the reasons why people are operating in it, it is possible to gain an understanding of the various approaches used in international literature on the subject to measure the economic contribution of informal economies. A critique of the different approaches suggests that the currency demand approach is an appropriate method for measuring the informal economy in a developing country such as South Africa. The results of the analysis indicate that while the size of the informal economy stood at an average of 9.5% of GDP for the period 1966-2002, the size of the informal economy during the period 1966-1993 decreased. After 1993, the size of the informal economy remained relatively constant. These estimates of size are then used to test the nature of the relationships between the informal and formal economies. It was found that the informal economy has effects in, and on, the formal economy. This finding suggests, ultimately, that an increase in the size of the informal economy will ultimately contribute to an increase in the growth of the economy as a whole. These findings are used in the present thesis in the formulation of policy recommendations regarding the regulatory and macroeconomic policies currently in place in South Africa. The recommendations cover many areas: variable bias, monetary policy, fiscal policy and taxation, capital markets, and employment policy. Areas for further research are also indicated. The study concludes that macroeconomic policy which largely ignores or neglects the informal economy in its modelling IV and planning increases the likelihood that such policy may be overly contractionary, or that it may have unintended consequences. As a consequence, the South African informal economy should be included in all macroeconomic models – whether monetary, fiscal, or development models. The due consideration of the informal economy takes on even further significance in the South African context: it consists largely of the formerly disadvantaged and vulnerable groups of society – the very people who have been given priority in the government’s broad medium-term macroeconomic policy (i.e. GEAR). The estimates presented in this study should therefore make a contribution to macroeconomic modelling and planning. , Prof. Elsabe Loots
- Full Text:
- Authors: Saunders, Stephen Graham
- Date: 2008-06-20T13:42:43Z
- Subjects: South Africa , macroeconomics , economic policy , informal sector ( economics )
- Type: Thesis
- Identifier: uj:3119 , http://hdl.handle.net/10210/653
- Description: This study estimates the size of the informal economy in South Africa, evaluates the macroeconomic implications of this, and then concludes with possible effects that all of this might have on policy. The research is conducted as a South African case study, and uses time-series analysis for the period 1966-2002. Recently there has been a revival of interest in the informal economies of a number of countries. The revival has been driven largely by an increase in the size of informal economies, in both absolute and relative terms. South Africa is no exception to this trend: more and more people are entering the informal economy. The rapid urbanization of the black population, the slow pace of economic growth, the decrease in the incidence of formal employment, the promotion of small-, medium- and microenterprises (SMMEs), as well, finally, as the so-called ‘informalization’ of formal businesses are all factors contributing to the recent growth in the South African informal economy. There is not much literature on the South African informal economy, and what there is tends to be narrow, specializing in particular aspects of the informal economy. Moreover, the subject is controversial: there seems to be little agreement on the definition and use of informal economy estimates in both economic analysis and policy-making. In response to this situation, therefore, the present study examines the problem of defining the informal economy and considers the reasons why people might prefer to operate in the informal economy rather than in the formal economy. By III examining the various definitions of the South African informal economy and by looking at the reasons why people are operating in it, it is possible to gain an understanding of the various approaches used in international literature on the subject to measure the economic contribution of informal economies. A critique of the different approaches suggests that the currency demand approach is an appropriate method for measuring the informal economy in a developing country such as South Africa. The results of the analysis indicate that while the size of the informal economy stood at an average of 9.5% of GDP for the period 1966-2002, the size of the informal economy during the period 1966-1993 decreased. After 1993, the size of the informal economy remained relatively constant. These estimates of size are then used to test the nature of the relationships between the informal and formal economies. It was found that the informal economy has effects in, and on, the formal economy. This finding suggests, ultimately, that an increase in the size of the informal economy will ultimately contribute to an increase in the growth of the economy as a whole. These findings are used in the present thesis in the formulation of policy recommendations regarding the regulatory and macroeconomic policies currently in place in South Africa. The recommendations cover many areas: variable bias, monetary policy, fiscal policy and taxation, capital markets, and employment policy. Areas for further research are also indicated. The study concludes that macroeconomic policy which largely ignores or neglects the informal economy in its modelling IV and planning increases the likelihood that such policy may be overly contractionary, or that it may have unintended consequences. As a consequence, the South African informal economy should be included in all macroeconomic models – whether monetary, fiscal, or development models. The due consideration of the informal economy takes on even further significance in the South African context: it consists largely of the formerly disadvantaged and vulnerable groups of society – the very people who have been given priority in the government’s broad medium-term macroeconomic policy (i.e. GEAR). The estimates presented in this study should therefore make a contribution to macroeconomic modelling and planning. , Prof. Elsabe Loots
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Developing core capabilities in a financial services firm: an intellectual capital perspective.
- Authors: Ungerer, Marius
- Date: 2007-12-06T05:51:06Z
- Subjects: intellectual capital , financial services industry , organizational change , knowledge management , South Africa
- Type: Thesis
- Identifier: uj:13867 , http://hdl.handle.net/10210/141
- Description: One of the basic assumptions associated with the theoretical model as described in this article is that an organisation (a system) can acquire capabilities through intentional strategic and operational initiatives. This intentional capability-building process also implies that the organisation intends to use these capabilities in a constructive way to increase competitive advantage for the firm. The creation of conducive and attractive conditions for enhancing a firm’s capability-building process is central to the theoretical model as described in this article. The key building blocks that create favourable conditions for the development of organisational capabilities from an Intellectual Capital perspective are defined in the theoretical model and consist of the following five constructs: - A Strategic Architecture that provides guidance on the strategic intent, focus and boundaries of the organisation. - An Intellectual Capital Framework that creates a basis for a normative-, strategic- and operational view to stimulate ideas on how to make intellectual capital a practical reality and to utilise these insights in the development of the organisation’s core capabilities. - A Core Capability Framework that reflects the content and processes related to the identification, description, evaluation and assumptions associated with the firm’s core capabilities. The Core Capability Framework also facilitates the integration of the concepts “core capabilities” and “intellectual capital”. - An Operationalisation Framework to leverage core capabilities from an Intellectual Capital perspective in a pragmatic way to realise tangible competitive benefits not only from individual capabilities, but also through the conscious collective use of bundles of capabilities. - A change enablement process that stimulates knowledge flows between the above key constructs of the conceptual model. This creates the basis for cognitive and emotional leverages to increase the potential of an organisation to successfully implement a strategic approach to the management of core capabilities from an Intellectual Capital perspective. Raising the awareness and capacity of the organisation on the above five constructs creates the basis for an increase in the potential to make positive progress on this strategic journey of discovery to manage the growth of intellectual capital in a holistic way by focusing on core capabilities. , Prof. Koos Uys
- Full Text:
- Authors: Ungerer, Marius
- Date: 2007-12-06T05:51:06Z
- Subjects: intellectual capital , financial services industry , organizational change , knowledge management , South Africa
- Type: Thesis
- Identifier: uj:13867 , http://hdl.handle.net/10210/141
- Description: One of the basic assumptions associated with the theoretical model as described in this article is that an organisation (a system) can acquire capabilities through intentional strategic and operational initiatives. This intentional capability-building process also implies that the organisation intends to use these capabilities in a constructive way to increase competitive advantage for the firm. The creation of conducive and attractive conditions for enhancing a firm’s capability-building process is central to the theoretical model as described in this article. The key building blocks that create favourable conditions for the development of organisational capabilities from an Intellectual Capital perspective are defined in the theoretical model and consist of the following five constructs: - A Strategic Architecture that provides guidance on the strategic intent, focus and boundaries of the organisation. - An Intellectual Capital Framework that creates a basis for a normative-, strategic- and operational view to stimulate ideas on how to make intellectual capital a practical reality and to utilise these insights in the development of the organisation’s core capabilities. - A Core Capability Framework that reflects the content and processes related to the identification, description, evaluation and assumptions associated with the firm’s core capabilities. The Core Capability Framework also facilitates the integration of the concepts “core capabilities” and “intellectual capital”. - An Operationalisation Framework to leverage core capabilities from an Intellectual Capital perspective in a pragmatic way to realise tangible competitive benefits not only from individual capabilities, but also through the conscious collective use of bundles of capabilities. - A change enablement process that stimulates knowledge flows between the above key constructs of the conceptual model. This creates the basis for cognitive and emotional leverages to increase the potential of an organisation to successfully implement a strategic approach to the management of core capabilities from an Intellectual Capital perspective. Raising the awareness and capacity of the organisation on the above five constructs creates the basis for an increase in the potential to make positive progress on this strategic journey of discovery to manage the growth of intellectual capital in a holistic way by focusing on core capabilities. , Prof. Koos Uys
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Innovation-driven local economic development : in search of best practice implementation for South Africa
- Authors: Rogerson, Christian M.
- Date: 2018
- Subjects: Local economic development , Innovation , South Africa
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/277093 , uj:29678 , Citation: Rogerson, C.R. 2018. Innovation-driven local economic development : in search of best practice implementation for South Africa. E u r o E c o n o m i c a, 1(37):21-34. , ISSN: 1582-8859
- Description: Abstract: The aim of this study is to investigate best practice implementation frameworks for the implementation of innovation-driven local economic development in South Africa. Local economic development planning is a critical aspect of the development landscape in South Africa. The most recent national framework is strongly influenced by interventions made by the Department of Science and Technology (DST) which has positioned innovation at the heart of development planning. The international experience concerning the challenges and implementation of innovation-led strategies was analysed through a literature survey. The material collected was extracted both from academic sources and from the policy works of a range of international development agencies. The results show an increasing convergence in perspectives concerning implementation frameworks around the need for a stage-based or evolutionary approach and that policies should be highly selective in terms of “entry points” or interventions. In moving forward with the South African agenda for innovation-driven local economies much can be drawn from international experience with accompanying potential benefits for the national tourism economy.
- Full Text:
- Authors: Rogerson, Christian M.
- Date: 2018
- Subjects: Local economic development , Innovation , South Africa
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/277093 , uj:29678 , Citation: Rogerson, C.R. 2018. Innovation-driven local economic development : in search of best practice implementation for South Africa. E u r o E c o n o m i c a, 1(37):21-34. , ISSN: 1582-8859
- Description: Abstract: The aim of this study is to investigate best practice implementation frameworks for the implementation of innovation-driven local economic development in South Africa. Local economic development planning is a critical aspect of the development landscape in South Africa. The most recent national framework is strongly influenced by interventions made by the Department of Science and Technology (DST) which has positioned innovation at the heart of development planning. The international experience concerning the challenges and implementation of innovation-led strategies was analysed through a literature survey. The material collected was extracted both from academic sources and from the policy works of a range of international development agencies. The results show an increasing convergence in perspectives concerning implementation frameworks around the need for a stage-based or evolutionary approach and that policies should be highly selective in terms of “entry points” or interventions. In moving forward with the South African agenda for innovation-driven local economies much can be drawn from international experience with accompanying potential benefits for the national tourism economy.
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Regional integration: a historical analysis of the RSA's trade relationships with the SADCC member states, 1980-1989.
- Authors: Dikotla, Masennya Phineas
- Date: 2007-12-06T06:19:31Z
- Subjects: Economic integration , Foreign economic relations , South Africa , Southern African Development Coordination Conference , Southern Africa
- Type: Thesis
- Identifier: uj:14075 , http://hdl.handle.net/10210/144
- Description: Die onafhanklike lande van die Suider-Afrikaanse streek het, sedert hul respektiewelike onafhanklikwording, besluit om geen politieke bande of verhoudinge met hul kragtige, suidelike buurman, Suid-Afrika, aan te knoop nie. Al hierdie lande het op politieke gebied daarin geslaag, behalwe Malawi. Op ekonomiese gebied, egter, en veral op die gebied van handelsverhoudinge, was hierdie frontlinie state nie suksesvol nie. In ‘n poging om Suid-Afrika te isoleer, is ‘n ekonomiese blok, die SADCC, op die been gebring. Met die stigting van die SADCC in 1980, het die groep die vermindering van ekonomiese afhanklikheid van die Republiek van Suid-Afrika as hoofdoelwit gestel. Hierdie studie is ‘n poging om die SADCC se suksesse en mislukkings in hierdie verband te evalueer. Verder word probeer om die probleme wat die organisasie ondervind het in hul pogings ter bereiking van hierdie doelwit, binne die Suider-Afrikaanse geo-politieke omgewing, te ondersoek, veral in die lig van Suid-Afrika se vasbeslotenheid om regionale ekonomiese en politieke heerskappy te behou. Terselfdertyd poog die navorser om klem te lê op die deursettingsvermoë van SADCC lede om hul afhanklikheid van die Republiek te verminder – al was die resultaat in meeste gevalle gering. Hierdie studie toon dat die ekonomiese realiteit van die Suider-Afrikaanse streek die politieke retoriek aan beide kante van die politieke spektrum ten volle oorheers het. Die aard van die handelsverhoudinge tussen die RSA en die SADCC ledelande is deurgaans deur strukturele kontraste en weersprekende feite gekompliseer. , Prof. G. Verhoef
- Full Text:
- Authors: Dikotla, Masennya Phineas
- Date: 2007-12-06T06:19:31Z
- Subjects: Economic integration , Foreign economic relations , South Africa , Southern African Development Coordination Conference , Southern Africa
- Type: Thesis
- Identifier: uj:14075 , http://hdl.handle.net/10210/144
- Description: Die onafhanklike lande van die Suider-Afrikaanse streek het, sedert hul respektiewelike onafhanklikwording, besluit om geen politieke bande of verhoudinge met hul kragtige, suidelike buurman, Suid-Afrika, aan te knoop nie. Al hierdie lande het op politieke gebied daarin geslaag, behalwe Malawi. Op ekonomiese gebied, egter, en veral op die gebied van handelsverhoudinge, was hierdie frontlinie state nie suksesvol nie. In ‘n poging om Suid-Afrika te isoleer, is ‘n ekonomiese blok, die SADCC, op die been gebring. Met die stigting van die SADCC in 1980, het die groep die vermindering van ekonomiese afhanklikheid van die Republiek van Suid-Afrika as hoofdoelwit gestel. Hierdie studie is ‘n poging om die SADCC se suksesse en mislukkings in hierdie verband te evalueer. Verder word probeer om die probleme wat die organisasie ondervind het in hul pogings ter bereiking van hierdie doelwit, binne die Suider-Afrikaanse geo-politieke omgewing, te ondersoek, veral in die lig van Suid-Afrika se vasbeslotenheid om regionale ekonomiese en politieke heerskappy te behou. Terselfdertyd poog die navorser om klem te lê op die deursettingsvermoë van SADCC lede om hul afhanklikheid van die Republiek te verminder – al was die resultaat in meeste gevalle gering. Hierdie studie toon dat die ekonomiese realiteit van die Suider-Afrikaanse streek die politieke retoriek aan beide kante van die politieke spektrum ten volle oorheers het. Die aard van die handelsverhoudinge tussen die RSA en die SADCC ledelande is deurgaans deur strukturele kontraste en weersprekende feite gekompliseer. , Prof. G. Verhoef
- Full Text:
Weather risk management: a South African market perspective.
- Authors: Thompson, Carol Beverley
- Date: 2008-05-06T10:11:52Z
- Subjects: South Africa , derivative securities , economic conditions , weather forecasting , weather risk assessment
- Type: Thesis
- Identifier: uj:6826 , http://hdl.handle.net/10210/325
- Description: The weather derivative concept was created in the United States of America as a result of the deregulation of its energy industry. When other countries learnt of this concept they decided to enter the market as well. Thus a body called the Weather Risk Management Association was established. This body’s main function is to collate information pertaining to weather risk and to help the process of advancement and growth within the market. The weather risk market has grown tremendously and various participants across the world are using weather derivative products to protect the revenue of their respective companies against adverse weather condition. South Africa entered the weather risk market and it’s contracted its first weather contract in February 2000. The objective of this study is to evaluate the South African financial market perceptions on weather derivatives and to establish the feasibility of use. The study also places emphasis on the importance of evaluating the South African economic conditions in order to achieve the goal of the study. Hence the study evaluates the different aspects in terms of the legal, accounting, taxation, weather data, and structuring and pricing implications of a weather derivative transaction. Thus a survey was designed, forwarded, and received back from professionals in the legal, accounting, taxation, weather data, and structuring and pricing fields. This analysis was conducted to evaluate the South African financial market’s perceptions on weather derivative applications. , Prof. C.H. van Schalkwyk
- Full Text:
- Authors: Thompson, Carol Beverley
- Date: 2008-05-06T10:11:52Z
- Subjects: South Africa , derivative securities , economic conditions , weather forecasting , weather risk assessment
- Type: Thesis
- Identifier: uj:6826 , http://hdl.handle.net/10210/325
- Description: The weather derivative concept was created in the United States of America as a result of the deregulation of its energy industry. When other countries learnt of this concept they decided to enter the market as well. Thus a body called the Weather Risk Management Association was established. This body’s main function is to collate information pertaining to weather risk and to help the process of advancement and growth within the market. The weather risk market has grown tremendously and various participants across the world are using weather derivative products to protect the revenue of their respective companies against adverse weather condition. South Africa entered the weather risk market and it’s contracted its first weather contract in February 2000. The objective of this study is to evaluate the South African financial market perceptions on weather derivatives and to establish the feasibility of use. The study also places emphasis on the importance of evaluating the South African economic conditions in order to achieve the goal of the study. Hence the study evaluates the different aspects in terms of the legal, accounting, taxation, weather data, and structuring and pricing implications of a weather derivative transaction. Thus a survey was designed, forwarded, and received back from professionals in the legal, accounting, taxation, weather data, and structuring and pricing fields. This analysis was conducted to evaluate the South African financial market’s perceptions on weather derivative applications. , Prof. C.H. van Schalkwyk
- Full Text:
Research review : aging out of residential care in South Africa
- Authors: Van Breda, Adrian D.
- Date: 2018
- Subjects: Leaving care , Youth aging out of care , South Africa
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/271932 , uj:28931 , Citation: Van Breda, A.D. 2018. Research review : aging out of residential care in South Africa.
- Description: Abstract: Approximately 21,000 children were accommodated in residential care in South Africa in 2011/2. Despite this large number, and the state’s substantial financial investment in residential care, there has, until recently, been little research on care-leaving: the transition out of care due to reaching adulthood. Furthermore, much of the research available has not been published in international journals. This article reports on a systematic review of research on residential care-leaving in South Africa, from 2003 to 2016. A thematic analysis of the resulting 40 research outputs maps the scope of findings from South African research, in relation to theory of leaving care, measurement tools developed, young people’s experiences of leaving care, transitional outcomes, processes of leaving care, facilitators of improved outcomes, care-leaving services and policy on leaving care. Critical gaps in the current research opus are identified, with a view to refining future research on young people aging out of care in South Africa.
- Full Text:
- Authors: Van Breda, Adrian D.
- Date: 2018
- Subjects: Leaving care , Youth aging out of care , South Africa
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/271932 , uj:28931 , Citation: Van Breda, A.D. 2018. Research review : aging out of residential care in South Africa.
- Description: Abstract: Approximately 21,000 children were accommodated in residential care in South Africa in 2011/2. Despite this large number, and the state’s substantial financial investment in residential care, there has, until recently, been little research on care-leaving: the transition out of care due to reaching adulthood. Furthermore, much of the research available has not been published in international journals. This article reports on a systematic review of research on residential care-leaving in South Africa, from 2003 to 2016. A thematic analysis of the resulting 40 research outputs maps the scope of findings from South African research, in relation to theory of leaving care, measurement tools developed, young people’s experiences of leaving care, transitional outcomes, processes of leaving care, facilitators of improved outcomes, care-leaving services and policy on leaving care. Critical gaps in the current research opus are identified, with a view to refining future research on young people aging out of care in South Africa.
- Full Text:
Tracking SCUBA Diving adventure tourism in South Africa
- Giddy, Julia K., Rogerson, Christian M.
- Authors: Giddy, Julia K. , Rogerson, Christian M.
- Date: 2018
- Subjects: Scuba diving , Adventure tourism , South Africa
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/277084 , uj:29677 , Citation: Giddy, J.K. & Rogerson, C.M. 2018. Tracking SCUBA Diving adventure tourism in South Africa. E u r o E c o n o m i c a, 1(37):47-62. , ISSN: 1582-8859
- Description: Abstract. The aim of this study is to investigate some of the trends associated with SCUBA diving within an adventure tourism framework. Previous research has shown the increase in adventure tourism, globally, as well as its economic contribution to national economies, particularly those in developing countries such as South Africa. As one of the oldest forms of adventure tourism, SCUBA diving, in particular, has the potential to generate significant income due to the training requirements, the specialized equipment required and the trend of career participation in the activity. This study analyzed the SCUBA industry in South Africa through 106 questionnaires distributed to SCUBA divers. The results show that there is a trend of repeat participation in SCUBA dive tourism and the economic implications are significant. Furthermore, it demonstrates evidence of the development of SCUBA communities in the country, encouraging continued participation. The results have important implications for the potential contribution of SCUBA diving to the South African adventure tourism industry. It also highlighted some of the aspects that could either attract or deter more people from engaging in SCUBA diving in South Africa, which has product development and marketing implications. This work brings initial insight into an important tourism subsector which generates significant income and has a strong potential for further development in South Africa.
- Full Text:
- Authors: Giddy, Julia K. , Rogerson, Christian M.
- Date: 2018
- Subjects: Scuba diving , Adventure tourism , South Africa
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/277084 , uj:29677 , Citation: Giddy, J.K. & Rogerson, C.M. 2018. Tracking SCUBA Diving adventure tourism in South Africa. E u r o E c o n o m i c a, 1(37):47-62. , ISSN: 1582-8859
- Description: Abstract. The aim of this study is to investigate some of the trends associated with SCUBA diving within an adventure tourism framework. Previous research has shown the increase in adventure tourism, globally, as well as its economic contribution to national economies, particularly those in developing countries such as South Africa. As one of the oldest forms of adventure tourism, SCUBA diving, in particular, has the potential to generate significant income due to the training requirements, the specialized equipment required and the trend of career participation in the activity. This study analyzed the SCUBA industry in South Africa through 106 questionnaires distributed to SCUBA divers. The results show that there is a trend of repeat participation in SCUBA dive tourism and the economic implications are significant. Furthermore, it demonstrates evidence of the development of SCUBA communities in the country, encouraging continued participation. The results have important implications for the potential contribution of SCUBA diving to the South African adventure tourism industry. It also highlighted some of the aspects that could either attract or deter more people from engaging in SCUBA diving in South Africa, which has product development and marketing implications. This work brings initial insight into an important tourism subsector which generates significant income and has a strong potential for further development in South Africa.
- Full Text:
The empowerment of women through integrating HIV/AIDS issues and literacy at community level.
- Authors: Mashao, Zanele Philadelphia
- Date: 2008-06-05T11:41:06Z
- Subjects: Safe sex in AIDS prevention , AIDS(Disease) prevention , Sexual behaviour of women , South Africa , Women education , Adult education of women
- Type: Thesis
- Identifier: uj:9035 , http://hdl.handle.net/10210/549
- Description: The aim of this research was to establish the women’s perceptions, opinions and feelings on the practise of safe sex and HIV/AIDS to see if there is correlation between sexual behaviour and the level of education. The ultimate aim was to determine, and to raise awareness of, the need for empowerment of women through integrating HIV/AIDS issues and literacy at the community level. In this study it appeared that gender inequality is among other factors fuelling the rapid spread of HIV/AIDS. Statistics have proven that women are both amongst those infected and have the highest rate of illiteracy. Thus it is important to instil skills, knowledge, values and attitudes (SKVAs) and thus enhance women’s lives. The question that guided the research reported in this study is: How can women be empowered with skills, knowledge, values and attitudes to combat the spread of HIV/AIDS, to better their own lives and to become active change agents in their community? Investigations of this study prompted the researcher to review literature related to empowerment of women. The theoretical foundation discussed the elements related to the research question. Theoretical elements discussed are: empowerment, literacy and HIV/AIDS issues. This literature survey served the purpose of checking the validity of my claim, and returned a “valid” verdict. In the light of the above, a qualitative research methodology was adopted, using personal interviews for data collection. Eight participants were selected by purposive sampling to represent the widest possible range of perspectives, experiences and needs, and the interviews were designed to arrive at a deeper understanding of those experiences and needs. The data gathered were then analysed and findings written up. The findings of this research indicated that women had knowledge about HIV/AIDS and perceived seriousness of the diseases. They were, to an extent misinformed, about the use of condoms and were scared of the repercussions. As such they were exposed to exploitation due to subordination and were eventually vulnerable to contract illnesses. In addition, the factor of gender inequality denies opportunities of empowerment to women, who often encounter direct opposition to their attempts at self-improvement, thereby staying in their “destitute” positions forever. Women interviewed for this study suffered stress and frustration with irresponsible partners. Their multiple roles, as well as household chores, hinder their active participation in any programmes. It is my contention that, to be liberated, women need to be empowered and all forms of discrimination and gender inequality, that block their pursuit of areas of interest, need to be totally eliminated. The women’s responses in the interview contain important suggestions on the needs for empowerment programmes through integrating HIV/AIDS issues and literacy at community level. The study concludes with the recommendations for the need for empowerment programmes. , Dr. M.C. van Loggerenberg
- Full Text:
- Authors: Mashao, Zanele Philadelphia
- Date: 2008-06-05T11:41:06Z
- Subjects: Safe sex in AIDS prevention , AIDS(Disease) prevention , Sexual behaviour of women , South Africa , Women education , Adult education of women
- Type: Thesis
- Identifier: uj:9035 , http://hdl.handle.net/10210/549
- Description: The aim of this research was to establish the women’s perceptions, opinions and feelings on the practise of safe sex and HIV/AIDS to see if there is correlation between sexual behaviour and the level of education. The ultimate aim was to determine, and to raise awareness of, the need for empowerment of women through integrating HIV/AIDS issues and literacy at the community level. In this study it appeared that gender inequality is among other factors fuelling the rapid spread of HIV/AIDS. Statistics have proven that women are both amongst those infected and have the highest rate of illiteracy. Thus it is important to instil skills, knowledge, values and attitudes (SKVAs) and thus enhance women’s lives. The question that guided the research reported in this study is: How can women be empowered with skills, knowledge, values and attitudes to combat the spread of HIV/AIDS, to better their own lives and to become active change agents in their community? Investigations of this study prompted the researcher to review literature related to empowerment of women. The theoretical foundation discussed the elements related to the research question. Theoretical elements discussed are: empowerment, literacy and HIV/AIDS issues. This literature survey served the purpose of checking the validity of my claim, and returned a “valid” verdict. In the light of the above, a qualitative research methodology was adopted, using personal interviews for data collection. Eight participants were selected by purposive sampling to represent the widest possible range of perspectives, experiences and needs, and the interviews were designed to arrive at a deeper understanding of those experiences and needs. The data gathered were then analysed and findings written up. The findings of this research indicated that women had knowledge about HIV/AIDS and perceived seriousness of the diseases. They were, to an extent misinformed, about the use of condoms and were scared of the repercussions. As such they were exposed to exploitation due to subordination and were eventually vulnerable to contract illnesses. In addition, the factor of gender inequality denies opportunities of empowerment to women, who often encounter direct opposition to their attempts at self-improvement, thereby staying in their “destitute” positions forever. Women interviewed for this study suffered stress and frustration with irresponsible partners. Their multiple roles, as well as household chores, hinder their active participation in any programmes. It is my contention that, to be liberated, women need to be empowered and all forms of discrimination and gender inequality, that block their pursuit of areas of interest, need to be totally eliminated. The women’s responses in the interview contain important suggestions on the needs for empowerment programmes through integrating HIV/AIDS issues and literacy at community level. The study concludes with the recommendations for the need for empowerment programmes. , Dr. M.C. van Loggerenberg
- Full Text:
An analysis of the South African beef supply chain: from farm to fork.
- Authors: Olivier, Gert Cornelius
- Date: 2008-04-24T12:35:25Z
- Subjects: business logistics , beef industry , South Africa
- Type: Thesis
- Identifier: uj:8629 , http://hdl.handle.net/10210/296
- Description: The primary objective of this dissertation is to perform an analysis of the South African beef supply chain ‘from farm to fork’. This will contribute towards a better understanding of the beef supply chain, aiding collaboration, transparency and supply chain strategies to enhance national industry competitiveness. Currently, the industry, and the supply chain is facing pertinent challenges such as globalisation, the declining consumption of beef, the disconnection of the farmer from the supply chain, illegal slaughtering, a lack of quality and inadequate hygiene practises in some lower throughput abattoirs, the rising food safety concerns (BSE, E.coli, and FMD), and the competitiveness of substitute products (chicken, pork, etc.). A simple and systematic approach is used to analyse the South African beef supply chain ‘from farm to fork’. The information has been discussed with industry experts, via interviews and discussion, to ensure the analysis reflects reality. It is evident that the South African beef supply chain is long, complex and involves various handoff points between role-players and industry governing bodies, as well as various permutations of this supply chain. The red meat industry evolved from a highly regulated environment to a totally deregulated one. The deregulation changes the ‘rules of the game’, and the ‘new rules of the game’ result in additional complexity within the current chain. The supply-side issues play a critical role in creating a sustainable competitive advantage, against substitute products. This highlights the importance of having accurate cattle herd numbers to facilitate proper supply chain planning, in an industry with a cyclical nature and a dependence on uncontrollable factors, such as natural forces and biological factors. This is indeed an issue of concern for the industry. Demand-side issues are influenced by the income of consumers, the availability and price of substitute products, consumer taste and preferences, and consumer expectations. In addition, the effect on demand, of price and income elasticity, and per capita expenditure by different population groups, adds to the complexity of the South African beef supply chain operation. viii The beef supply chain cost analysis -- the weaner cost model -- aims to assign cost, and resources, to each role-player to understand how value and margin is added, within the South African beef supply chain. The analysis revealed some interesting facts, regarding the ‘margins’ and ‘mark-up percentages’. This highlights, in simplistic terms, that some sectors are making more money than others, and examined together, with the cyclical nature of the industry, it is a given that supply chain management principles (collaborations, integration, contracting, etc.) will play an ever increasing role in the future of food supply chains. Eight supply chain management strategies are discussed, to initiate and kick-start the change process to transform the local beef supply chain into a leading-class player. The strategies are: (i) Crafting a supply chain vision; (ii) Traceability, transparency and quality assurance; (iii) Knowledge management and the learning supply chain; (iv) Transformation and AGRIBEE; (v) Measuring performance: supply chain metrics and diagnostics; (vi) Concepts of collaboration in food supply chain management; (vii) Synchronising operations and uncovering hidden opportunities; and, (viii) National agribusiness framework and red meat framework. The South African beef supply chain no longer has an option: it must ‘adapt to survive’. Benefits, in non-food systems, are well documented, with the implementation of supply chain management principles. The analysis concludes by summarising the strategies into meaningful and manageable options recommended for implementation. The recommendations are: · Create a national and red meat agribusiness structure and craft a local supply chain vision · Ensure product quality and establish a positive red meat message that drives demand · Implement productivity gains across the South African beef supply chain · Share market information across the South African beef supply chain · Promote innovation across the South African beef supply chain · Implement research and development initiatives for success. , Prof. J.H. du Plessis
- Full Text:
- Authors: Olivier, Gert Cornelius
- Date: 2008-04-24T12:35:25Z
- Subjects: business logistics , beef industry , South Africa
- Type: Thesis
- Identifier: uj:8629 , http://hdl.handle.net/10210/296
- Description: The primary objective of this dissertation is to perform an analysis of the South African beef supply chain ‘from farm to fork’. This will contribute towards a better understanding of the beef supply chain, aiding collaboration, transparency and supply chain strategies to enhance national industry competitiveness. Currently, the industry, and the supply chain is facing pertinent challenges such as globalisation, the declining consumption of beef, the disconnection of the farmer from the supply chain, illegal slaughtering, a lack of quality and inadequate hygiene practises in some lower throughput abattoirs, the rising food safety concerns (BSE, E.coli, and FMD), and the competitiveness of substitute products (chicken, pork, etc.). A simple and systematic approach is used to analyse the South African beef supply chain ‘from farm to fork’. The information has been discussed with industry experts, via interviews and discussion, to ensure the analysis reflects reality. It is evident that the South African beef supply chain is long, complex and involves various handoff points between role-players and industry governing bodies, as well as various permutations of this supply chain. The red meat industry evolved from a highly regulated environment to a totally deregulated one. The deregulation changes the ‘rules of the game’, and the ‘new rules of the game’ result in additional complexity within the current chain. The supply-side issues play a critical role in creating a sustainable competitive advantage, against substitute products. This highlights the importance of having accurate cattle herd numbers to facilitate proper supply chain planning, in an industry with a cyclical nature and a dependence on uncontrollable factors, such as natural forces and biological factors. This is indeed an issue of concern for the industry. Demand-side issues are influenced by the income of consumers, the availability and price of substitute products, consumer taste and preferences, and consumer expectations. In addition, the effect on demand, of price and income elasticity, and per capita expenditure by different population groups, adds to the complexity of the South African beef supply chain operation. viii The beef supply chain cost analysis -- the weaner cost model -- aims to assign cost, and resources, to each role-player to understand how value and margin is added, within the South African beef supply chain. The analysis revealed some interesting facts, regarding the ‘margins’ and ‘mark-up percentages’. This highlights, in simplistic terms, that some sectors are making more money than others, and examined together, with the cyclical nature of the industry, it is a given that supply chain management principles (collaborations, integration, contracting, etc.) will play an ever increasing role in the future of food supply chains. Eight supply chain management strategies are discussed, to initiate and kick-start the change process to transform the local beef supply chain into a leading-class player. The strategies are: (i) Crafting a supply chain vision; (ii) Traceability, transparency and quality assurance; (iii) Knowledge management and the learning supply chain; (iv) Transformation and AGRIBEE; (v) Measuring performance: supply chain metrics and diagnostics; (vi) Concepts of collaboration in food supply chain management; (vii) Synchronising operations and uncovering hidden opportunities; and, (viii) National agribusiness framework and red meat framework. The South African beef supply chain no longer has an option: it must ‘adapt to survive’. Benefits, in non-food systems, are well documented, with the implementation of supply chain management principles. The analysis concludes by summarising the strategies into meaningful and manageable options recommended for implementation. The recommendations are: · Create a national and red meat agribusiness structure and craft a local supply chain vision · Ensure product quality and establish a positive red meat message that drives demand · Implement productivity gains across the South African beef supply chain · Share market information across the South African beef supply chain · Promote innovation across the South African beef supply chain · Implement research and development initiatives for success. , Prof. J.H. du Plessis
- Full Text:
The net lending or net borrowing position of the South African household sector.
- Authors: Swanepoel, Maria Elisabeth
- Date: 2008-06-20T13:43:06Z
- Subjects: South Africa , saving and investment , households , personal loans
- Type: Thesis
- Identifier: uj:3141 , http://hdl.handle.net/10210/655
- Description: The aim of this study was to determine whether the South African household sector finds itself in a net lending or net borrowing situation and to analyse the situation. Research was done against the background of the 1993 System of National Accounts (1993 SNA). As suggested by the 1993 SNA, the net lending situation of the South African household sector was calculated in the capital account of the household sector. It became clear that the South African household sector’s saving is in excess of its capital formation, although both components indicated a slight declining trend over the past almost thirty years. Current economic literature was used in focusing on household sector saving and capital formation definitions, categories, motivations and determinants. International situations with regards to saving and capital formation were also compared with that of South Africa, putting the South African situation into perspective. An econometric analysis of net household saving in South Africa for the period 1991 to 2002 indicated five factors that significantly influenced household sector saving over the period. The five factors comprise the income from property, the twelve-month fixed deposit rate, current taxes on income and wealth, compensation of employees and total private consumption expenditure. Making use of further data sets, it became clear that the South African government sector uses the household sector’s excess saving to finance increased current expenditure and does not channel these excess funds towards increased capital formation that would be beneficial for long-term economic growth. This study therefore suggested that the South African household sector should be encouraged to act entrepreneurial, which will lead to increased levels of capital formation, that will in turn contribute to long-term growth, and that can be financed by the current excess saving levels of the household sector. Increased capital formation will lead to increases in productivity and income. This will then enable the household sector to raise its level of saving, that again can be used to finance increased levels of capital formation. The five factors that tested significantly influencing household sector saving in South Africa, were linked to possible policy as well as other initiatives aimed at encouraging household sector saving and capital formation in South Africa. This study concluded by briefly discussing three initiatives currently encouraging and promoting the importance of saving in South Africa. , Prof. A.E. Loots
- Full Text:
- Authors: Swanepoel, Maria Elisabeth
- Date: 2008-06-20T13:43:06Z
- Subjects: South Africa , saving and investment , households , personal loans
- Type: Thesis
- Identifier: uj:3141 , http://hdl.handle.net/10210/655
- Description: The aim of this study was to determine whether the South African household sector finds itself in a net lending or net borrowing situation and to analyse the situation. Research was done against the background of the 1993 System of National Accounts (1993 SNA). As suggested by the 1993 SNA, the net lending situation of the South African household sector was calculated in the capital account of the household sector. It became clear that the South African household sector’s saving is in excess of its capital formation, although both components indicated a slight declining trend over the past almost thirty years. Current economic literature was used in focusing on household sector saving and capital formation definitions, categories, motivations and determinants. International situations with regards to saving and capital formation were also compared with that of South Africa, putting the South African situation into perspective. An econometric analysis of net household saving in South Africa for the period 1991 to 2002 indicated five factors that significantly influenced household sector saving over the period. The five factors comprise the income from property, the twelve-month fixed deposit rate, current taxes on income and wealth, compensation of employees and total private consumption expenditure. Making use of further data sets, it became clear that the South African government sector uses the household sector’s excess saving to finance increased current expenditure and does not channel these excess funds towards increased capital formation that would be beneficial for long-term economic growth. This study therefore suggested that the South African household sector should be encouraged to act entrepreneurial, which will lead to increased levels of capital formation, that will in turn contribute to long-term growth, and that can be financed by the current excess saving levels of the household sector. Increased capital formation will lead to increases in productivity and income. This will then enable the household sector to raise its level of saving, that again can be used to finance increased levels of capital formation. The five factors that tested significantly influencing household sector saving in South Africa, were linked to possible policy as well as other initiatives aimed at encouraging household sector saving and capital formation in South Africa. This study concluded by briefly discussing three initiatives currently encouraging and promoting the importance of saving in South Africa. , Prof. A.E. Loots
- Full Text:
Street trading in South Africa: a case of the Tshwane central business district
- Nkrumah-Abebrese, Betty, Schachtebeck, Chris
- Authors: Nkrumah-Abebrese, Betty , Schachtebeck, Chris
- Date: 2017
- Subjects: Street trading , Central business district , South Africa
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/238036 , uj:24399 , Citation: Nkrumah-Abebrese, B. & Schachtebeck, C. 2017. Street trading in South Africa: a case of the Tshwane central business district.
- Description: Abstract: Formal and informal street trading is both prevalent and growing in inner city settings. This phenomenon is particularly prevalent in Central Business Districts (CBDs). In the South African inner city context, street trading is thriving and provides an opportunity for street traders to earn a living. This study aims to discover the characteristics and factors influencing street trading in the Tshwane CBD, South Africa. The study follows a case study approach and is qualitative in nature, making use of semistructured interviews with 30 street traders. A non-probability sampling approach was followed by means of snowball sampling. Data was analyzed by means of content and thematic analysis. Results indicate that main factors driving street trading in Tshwane CBD include unemployment and poverty, migration and urbanisation, survivalist entrepreneurship and entrepreneurial intentions. Two-thirds of respondents indicated that they had been street traders for 10-20 years, with little to no trading experience. Respondents also indicates a number of survival challenges, such as low incomes and poor working conditions. Difficulty in understanding municipal by-laws governing street trading were also identified. The findings of this study will assist municipalities, particularly in developing economies, in understanding and better managing street trading activities in CBDs.
- Full Text:
- Authors: Nkrumah-Abebrese, Betty , Schachtebeck, Chris
- Date: 2017
- Subjects: Street trading , Central business district , South Africa
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/238036 , uj:24399 , Citation: Nkrumah-Abebrese, B. & Schachtebeck, C. 2017. Street trading in South Africa: a case of the Tshwane central business district.
- Description: Abstract: Formal and informal street trading is both prevalent and growing in inner city settings. This phenomenon is particularly prevalent in Central Business Districts (CBDs). In the South African inner city context, street trading is thriving and provides an opportunity for street traders to earn a living. This study aims to discover the characteristics and factors influencing street trading in the Tshwane CBD, South Africa. The study follows a case study approach and is qualitative in nature, making use of semistructured interviews with 30 street traders. A non-probability sampling approach was followed by means of snowball sampling. Data was analyzed by means of content and thematic analysis. Results indicate that main factors driving street trading in Tshwane CBD include unemployment and poverty, migration and urbanisation, survivalist entrepreneurship and entrepreneurial intentions. Two-thirds of respondents indicated that they had been street traders for 10-20 years, with little to no trading experience. Respondents also indicates a number of survival challenges, such as low incomes and poor working conditions. Difficulty in understanding municipal by-laws governing street trading were also identified. The findings of this study will assist municipalities, particularly in developing economies, in understanding and better managing street trading activities in CBDs.
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The official treatment of white, South African, homosexual men and the consequent reaction of gay liberation from the 1960s to 2000.
- Authors: Sinclair, Rebecca
- Date: 2007-12-06T07:58:28Z
- Subjects: South Africa , gay liberation movement , gay rights , gays , government policy
- Type: Thesis
- Identifier: uj:14667 , http://hdl.handle.net/10210/163
- Description: This dissertation is the product of research into white, South African masculinities. It is concerned with the official treatment of white, gay men in this country by the governments of the day from the 1960s to 2000 and the government’s control of hegemonic masculinity in order to maintain power. By looking at gay masculinities the threat to hegemonic masculinity was ascertained as well as the different versions of heterosexual masculinities. This thesis also analyses the degree of change in the toleration or acceptance of white homosexuality in South Africa from churches, society, and elements within the SAP and the SADF as well as within gay organisations. Legislative achievements in the Constitutional Court show the most extreme changes in the perceptions of gay masculinities. This dissertation primarily begins in the 1960s, looking at why it was necessary to set up the 1968 Select Committee. This committee investigated criminalising all male homosexual acts, including those in private and also aimed to dictate societal norms and maintain white, privileged, hegemonic masculinity established and defined by the NP government. The state had always repressed homosexuality through law; even colonial legislation proved this. It was the creation and maintenance of hegemonic masculinity that advocated such legislation. 1966 was the focal year where white homosexuality became a recognisable problem. A gay party was held at a Johannesburg residence, which made white homosexuality visible and alerted the police to this alternative masculinity. The Select Committee, however, did not fulfil its initial aims. Once elements within the SAP were faced with the visibility of white homosexuality, their power thereby being challenged, Major van Zyl set about requesting stricter legislation by proposing amendments to the Minister of Justice regarding the 1957 Immorality Act and submitting evidence to the Select Committee. However, numerous submissions to and interviews by the Select Committee proved that it was unnecessary and illogical to criminalise private homosexuality. Such submissions showed white homosexuality was no societal threat and that some in white society recognised gay masculinities and challenged hegemonic masculinity. Consequently the Select Committee did not propose stricter legislation regarding homosexuality. Furthermore, repressive official treatment of white, male homosexuals was evident in the SADF in the 1970 and 1980s. Through a military perception of masculinity, that is, aggressive masculinity, most in the SADF were intent on conforming its white soldiers to the traditional definition of masculinity, the NP government’s definition of white masculinity, which did not include homosexual men. Dr Levine used electro-shock therapy to ‘cure’ gay conscripts at 1 Military Hospital. This extreme practice of ensuring conformity was no longer utilised by the 1980s and there was also some unofficial acceptance of white homosexuality within the SADF by some white commanders and soldiers. There was no gay liberation movement to speak of until the 1980s. GASA, a white gay organisation, led the movement but it was to be unsuccessful in that it supported the NP government, that is, it benefited from hegemonic masculinity because GASA’s membership was predominantly white men. Because of this GASA was seen to support the government’s policy of apartheid and there ensued the consequent debate between gay essentialism and gay rights as part of the broader struggle. GASA was purely reactionary, because in effect it did not really want change and was therefore ineffective. The gay movement grew but it did not unify. This failure to unify meant the gay liberation movement, as a movement had failed, even though, later, liberation and much change was achieved, mainly through the work of the NCGLE. Like the 1968 Select Committee, the President’s Council was set up in 1985 to once again investigate stricter penalties against homosexuality. The ANC was still very quiet on the issue of gay rights, supporting heterosexist hegemony and not recognising gay masculinities. The President’s Council did not recommend stricter legislation against homosexual men but the 1988 Sexual Offences Act retained the penalties against homosexuality as stipulated by the 1969 Immorality Amendment Act. Gay essentialism damaged any headway regarding gay rights, especially when it came to gaining the support of progressive organisation in the broader political struggle because there was so much in-fighting regarding defining gay masculinities. Race could not be discounted in this equation and the RGO, a black gay organisation, challenged GASA’s support of the NP government. New gay organisations only contributed to the failure of the gay liberation movement because again there was no unity. In 1989 Albie Sachs of the ANC met with a liberal gay organisation, OGLA, and finally gay rights were beginning to be taken seriously, culminating in the protection of gay rights in the 1996 Constitution. This was due to individual members of the ANC and Kevan Botha, the lawyer hired by the NCGLE to represent gay rights at CODESA. Once sexual orientation was retained in the equality clause of the Constitution it was left to the NCGLE to fight for the legal practice of equality for gay men and lesbians. There was also greater toleration and even acceptance of homosexuality by the South African society at large, both black and white, the churches, and the SAP, especially officially. Hence, although the gay liberation movement had failed, gay rights had been entrenched and change allowed for potential equality, the last of which would be legal gay marriage, which remains to be seen. , Prof. L. Grundlingh
- Full Text:
- Authors: Sinclair, Rebecca
- Date: 2007-12-06T07:58:28Z
- Subjects: South Africa , gay liberation movement , gay rights , gays , government policy
- Type: Thesis
- Identifier: uj:14667 , http://hdl.handle.net/10210/163
- Description: This dissertation is the product of research into white, South African masculinities. It is concerned with the official treatment of white, gay men in this country by the governments of the day from the 1960s to 2000 and the government’s control of hegemonic masculinity in order to maintain power. By looking at gay masculinities the threat to hegemonic masculinity was ascertained as well as the different versions of heterosexual masculinities. This thesis also analyses the degree of change in the toleration or acceptance of white homosexuality in South Africa from churches, society, and elements within the SAP and the SADF as well as within gay organisations. Legislative achievements in the Constitutional Court show the most extreme changes in the perceptions of gay masculinities. This dissertation primarily begins in the 1960s, looking at why it was necessary to set up the 1968 Select Committee. This committee investigated criminalising all male homosexual acts, including those in private and also aimed to dictate societal norms and maintain white, privileged, hegemonic masculinity established and defined by the NP government. The state had always repressed homosexuality through law; even colonial legislation proved this. It was the creation and maintenance of hegemonic masculinity that advocated such legislation. 1966 was the focal year where white homosexuality became a recognisable problem. A gay party was held at a Johannesburg residence, which made white homosexuality visible and alerted the police to this alternative masculinity. The Select Committee, however, did not fulfil its initial aims. Once elements within the SAP were faced with the visibility of white homosexuality, their power thereby being challenged, Major van Zyl set about requesting stricter legislation by proposing amendments to the Minister of Justice regarding the 1957 Immorality Act and submitting evidence to the Select Committee. However, numerous submissions to and interviews by the Select Committee proved that it was unnecessary and illogical to criminalise private homosexuality. Such submissions showed white homosexuality was no societal threat and that some in white society recognised gay masculinities and challenged hegemonic masculinity. Consequently the Select Committee did not propose stricter legislation regarding homosexuality. Furthermore, repressive official treatment of white, male homosexuals was evident in the SADF in the 1970 and 1980s. Through a military perception of masculinity, that is, aggressive masculinity, most in the SADF were intent on conforming its white soldiers to the traditional definition of masculinity, the NP government’s definition of white masculinity, which did not include homosexual men. Dr Levine used electro-shock therapy to ‘cure’ gay conscripts at 1 Military Hospital. This extreme practice of ensuring conformity was no longer utilised by the 1980s and there was also some unofficial acceptance of white homosexuality within the SADF by some white commanders and soldiers. There was no gay liberation movement to speak of until the 1980s. GASA, a white gay organisation, led the movement but it was to be unsuccessful in that it supported the NP government, that is, it benefited from hegemonic masculinity because GASA’s membership was predominantly white men. Because of this GASA was seen to support the government’s policy of apartheid and there ensued the consequent debate between gay essentialism and gay rights as part of the broader struggle. GASA was purely reactionary, because in effect it did not really want change and was therefore ineffective. The gay movement grew but it did not unify. This failure to unify meant the gay liberation movement, as a movement had failed, even though, later, liberation and much change was achieved, mainly through the work of the NCGLE. Like the 1968 Select Committee, the President’s Council was set up in 1985 to once again investigate stricter penalties against homosexuality. The ANC was still very quiet on the issue of gay rights, supporting heterosexist hegemony and not recognising gay masculinities. The President’s Council did not recommend stricter legislation against homosexual men but the 1988 Sexual Offences Act retained the penalties against homosexuality as stipulated by the 1969 Immorality Amendment Act. Gay essentialism damaged any headway regarding gay rights, especially when it came to gaining the support of progressive organisation in the broader political struggle because there was so much in-fighting regarding defining gay masculinities. Race could not be discounted in this equation and the RGO, a black gay organisation, challenged GASA’s support of the NP government. New gay organisations only contributed to the failure of the gay liberation movement because again there was no unity. In 1989 Albie Sachs of the ANC met with a liberal gay organisation, OGLA, and finally gay rights were beginning to be taken seriously, culminating in the protection of gay rights in the 1996 Constitution. This was due to individual members of the ANC and Kevan Botha, the lawyer hired by the NCGLE to represent gay rights at CODESA. Once sexual orientation was retained in the equality clause of the Constitution it was left to the NCGLE to fight for the legal practice of equality for gay men and lesbians. There was also greater toleration and even acceptance of homosexuality by the South African society at large, both black and white, the churches, and the SAP, especially officially. Hence, although the gay liberation movement had failed, gay rights had been entrenched and change allowed for potential equality, the last of which would be legal gay marriage, which remains to be seen. , Prof. L. Grundlingh
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Short term interests, long term perspectives : balancing South Africa’s peace and security approach in the EU-SA Strategic Partnership
- Authors: Hierro, L.
- Date: 2017
- Subjects: EU , South Africa , Strategic partnership
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/254588 , uj:26656 , Citation: Hierro, L. 2017. Short term interests, long term perspectives : balancing South Africa’s peace and security approach in the EU-SA Strategic Partnership.
- Description: Abstract: South Africa’s peace and security outlook in the EU-SA Strategic Partnership has been guided by the content and substance of the founding document, which incorporates an interdependent approach to development. For South Africa, engagement in the EU-SA Strategic Partnership is framed by its historical background, its identity and the content of its foreign policy. South Africa’s foreign policy in particular adopts an integrated approach to securing the state within its surrounding regional and continental geography. This article reviews South Africa’s approach to peace and security, in the context of the strategic partnership. The article argues that, overall, South Africa’s definition of peace and security is compatible with that of the EU, however, Pretoria’s vision of how it provides peace and security has naturally changed in line with the varying international circumstances in which it has found itself. While this has proved difficult at times to reconcile peace and security collaboration in the strategic partnership has managed to remain intact.
- Full Text:
- Authors: Hierro, L.
- Date: 2017
- Subjects: EU , South Africa , Strategic partnership
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/254588 , uj:26656 , Citation: Hierro, L. 2017. Short term interests, long term perspectives : balancing South Africa’s peace and security approach in the EU-SA Strategic Partnership.
- Description: Abstract: South Africa’s peace and security outlook in the EU-SA Strategic Partnership has been guided by the content and substance of the founding document, which incorporates an interdependent approach to development. For South Africa, engagement in the EU-SA Strategic Partnership is framed by its historical background, its identity and the content of its foreign policy. South Africa’s foreign policy in particular adopts an integrated approach to securing the state within its surrounding regional and continental geography. This article reviews South Africa’s approach to peace and security, in the context of the strategic partnership. The article argues that, overall, South Africa’s definition of peace and security is compatible with that of the EU, however, Pretoria’s vision of how it provides peace and security has naturally changed in line with the varying international circumstances in which it has found itself. While this has proved difficult at times to reconcile peace and security collaboration in the strategic partnership has managed to remain intact.
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Economic impacts of the touring ventures sub-category of the Mzanzi Golden Economy Programme in South Africa
- Swart, Kamilla, Bob, Urmilla, Nkambule, Sizwe, Gumede, Amanda
- Authors: Swart, Kamilla , Bob, Urmilla , Nkambule, Sizwe , Gumede, Amanda
- Date: 2018
- Subjects: The Mzansi Golden Economy (MGE) , South Africa , Touring Ventures
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/277032 , uj:29669 , Citation: Swart, K. et al. 2018. Economic impacts of the touring ventures sub-category of the Mzanzi Golden Economy Programme in South Africa. E u r o E c o n o m i c a, 1(37):90-103. , ISSN: 1582-8859
- Description: Abstract: Abstract: The Mzansi Golden Economy (MGE) began in 2011 in response to the Department of Arts and Culture’s assertion that the biggest challenge facing South Africa is unemployment and the arts, culture and heritage sector is well positioned to contribute to addressing this challenge as the “new gold” has the potential to increase economic growth and create jobs in South Africa. However, limited research empirically examines the economic impacts of this sector. The aim of this study is to investigate the economic impacts of Touring Ventures supported by the MGE programme during the past three years. Challenges in undertaking economic assessments are also noted. The methodological approach was interviews with 38 purposively chosen Touring Ventures. Data was analysed in relation to employment and job creation, amongst other economic aspects. The results indicate that there is a high reliance on public funding. There are a number of new entrants to the sector which suggests that the MGE is creating opportunities for more cultural events/ activities to be held in South Africa, contributing to the objective of supporting the arts. There is also job creation linked to Touring Ventures, albeit mostly temporary. However, historically disadvantaged groups and locals are benefitting which provides opportunities for livelihoods and skills development. The implication of the study is that the economic potential of Touring Ventures is evident, however, there are sustainability concerns. This type of study is important given that public funds are used to support the arts and cultural sector in South Africa.
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- Authors: Swart, Kamilla , Bob, Urmilla , Nkambule, Sizwe , Gumede, Amanda
- Date: 2018
- Subjects: The Mzansi Golden Economy (MGE) , South Africa , Touring Ventures
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/277032 , uj:29669 , Citation: Swart, K. et al. 2018. Economic impacts of the touring ventures sub-category of the Mzanzi Golden Economy Programme in South Africa. E u r o E c o n o m i c a, 1(37):90-103. , ISSN: 1582-8859
- Description: Abstract: Abstract: The Mzansi Golden Economy (MGE) began in 2011 in response to the Department of Arts and Culture’s assertion that the biggest challenge facing South Africa is unemployment and the arts, culture and heritage sector is well positioned to contribute to addressing this challenge as the “new gold” has the potential to increase economic growth and create jobs in South Africa. However, limited research empirically examines the economic impacts of this sector. The aim of this study is to investigate the economic impacts of Touring Ventures supported by the MGE programme during the past three years. Challenges in undertaking economic assessments are also noted. The methodological approach was interviews with 38 purposively chosen Touring Ventures. Data was analysed in relation to employment and job creation, amongst other economic aspects. The results indicate that there is a high reliance on public funding. There are a number of new entrants to the sector which suggests that the MGE is creating opportunities for more cultural events/ activities to be held in South Africa, contributing to the objective of supporting the arts. There is also job creation linked to Touring Ventures, albeit mostly temporary. However, historically disadvantaged groups and locals are benefitting which provides opportunities for livelihoods and skills development. The implication of the study is that the economic potential of Touring Ventures is evident, however, there are sustainability concerns. This type of study is important given that public funds are used to support the arts and cultural sector in South Africa.
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Inflation targeting: a comparative assessment of South Africa's early experience.
- Authors: Powers, Caithleen
- Date: 2008-04-24T12:35:42Z
- Subjects: South Africa , monetary policy , inflation (finance)
- Type: Thesis
- Identifier: uj:8642 , http://hdl.handle.net/10210/299
- Description: The general purpose of this study is to determine how South Africa’s early experience with the inflation targeting framework compares with the early experiences of Brazil, Chile, Israel, the Czech Republic and Poland. One developed economy, namely New Zealand, is included in the study since it was the pioneer of the inflation targeting framework. The experiences of these countries are compared along three dimensions: the stress tests the frameworks were subjected to and the monetary authorities’ responses to these tests; the adjustments made to the frameworks, operational and institutional procedures; and the credibility losses or gains as a result of these experiences. In order to arrive at a satisfactory conclusion to the problem a number of questions are explored. The theoretical basis of inflation targeting is analysed; the nature of South Africa’s framework is assessed to see how it conforms to general practices; South Africa’s early experience under the inflation targeting framework is assessed; and, lastly, South Africa’s experience is compared with the experiences of the six countries mentioned in the first paragraph. The assessment in this study shows that South Africa’s experience is not out of line when compared with other emerging-market countries. Many of the emerging markets surveyed faced significant stress tests and long-term obstacles that contributed to their failure to achieve their inflation targets in the early years of implementation. In response, the central banks surveyed sought to focus on the primary goal of monetary policy and to counter the second-round effects. As they became more experienced at operating an inflation targeting framework, some of the countries refined their frameworks. Ultimately, the survey draws lessons from the common experience of the seven countries assessed. It shows that credibility is key to the success of an inflation targeting framework, as is a supportive context. However, the survey also highlights that simply judging a country’s monetary policy success on whether it achieves its inflation targets is too limited an assessment for justifying the merit of an inflation targeting framework. , Prof. S. Chetty
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- Authors: Powers, Caithleen
- Date: 2008-04-24T12:35:42Z
- Subjects: South Africa , monetary policy , inflation (finance)
- Type: Thesis
- Identifier: uj:8642 , http://hdl.handle.net/10210/299
- Description: The general purpose of this study is to determine how South Africa’s early experience with the inflation targeting framework compares with the early experiences of Brazil, Chile, Israel, the Czech Republic and Poland. One developed economy, namely New Zealand, is included in the study since it was the pioneer of the inflation targeting framework. The experiences of these countries are compared along three dimensions: the stress tests the frameworks were subjected to and the monetary authorities’ responses to these tests; the adjustments made to the frameworks, operational and institutional procedures; and the credibility losses or gains as a result of these experiences. In order to arrive at a satisfactory conclusion to the problem a number of questions are explored. The theoretical basis of inflation targeting is analysed; the nature of South Africa’s framework is assessed to see how it conforms to general practices; South Africa’s early experience under the inflation targeting framework is assessed; and, lastly, South Africa’s experience is compared with the experiences of the six countries mentioned in the first paragraph. The assessment in this study shows that South Africa’s experience is not out of line when compared with other emerging-market countries. Many of the emerging markets surveyed faced significant stress tests and long-term obstacles that contributed to their failure to achieve their inflation targets in the early years of implementation. In response, the central banks surveyed sought to focus on the primary goal of monetary policy and to counter the second-round effects. As they became more experienced at operating an inflation targeting framework, some of the countries refined their frameworks. Ultimately, the survey draws lessons from the common experience of the seven countries assessed. It shows that credibility is key to the success of an inflation targeting framework, as is a supportive context. However, the survey also highlights that simply judging a country’s monetary policy success on whether it achieves its inflation targets is too limited an assessment for justifying the merit of an inflation targeting framework. , Prof. S. Chetty
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