Determinants of rail passenger transport usage : a case of Buffalo City Municipality
- Authors: Ntlatywa, Kholosa
- Date: 2017
- Subjects: Railroads -- South Africa -- Statistical services Transportation -- South Africa -- Eastern Cape Railroads -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10353/8780 , vital:33580
- Description: The transport sector is an important contributor to South Africa’s economy. This sector have positive effects on South African citizens and the nation as a whole through mobility and accessibility. Rail transport is a suitable mode of transport for both long distance travel and short distances. This study investigated the determinants of rail passengers transport usage. The main objective of the study were to investigate the factors that influence the rail transport usage among passengers in Buffalo City Municipality. The second objective was to determine the incidence of rail transport usage among passengers in Buffalo City Municipality. Descriptive analysis in the form of Pearson-chi square and inferential analysis using Probit regression were used for data analysis in this study. The study used closed-ended questionnaires and the questionnaires were distributed to 100 people. The results of the study revealed that level of income, occupation, level of education, safety, and affordability are the common factors that influence the usage of trains for transport. The frequency of usage based on income was about 44 percent, with about 55 percent of people indicating they make use of trains because they find it a safe mode transport. The income level, safety, occupation and affordability were statistically insignificant. The level of education had a high frequency at 74 percent and it was statistically signifacant.004. The second part of the study assessed the incidence of train usage and results revealed that most of people (about 74 percent) travel by train daily.
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The impact of oil prices on the trade balance of South Africa
- Authors: Mili, Akhona
- Date: 2017
- Subjects: Petroleum products -- Prices Balance of trade -- South Africa Petroleum industry and trade -- Economic aspects
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10353/8630 , vital:33228
- Description: The Autoregressive Distributed Lag model was used to estimate and analyse the relationship between crude oil prices and the trade balance of South Africa. This study estimated the trade balance model and analysed the relationship between crude oil prices and the trade balance of South Africa from the period 1990 to 2015. The bounds cointegration test confirmed the existence of a long-run relationship between the trade balance and real oil prices, real effective exchange rate, domestic income, real interest rate and the inflation rate. The results confirm that changes in oil prices have a negative impact on the trade balance whereas, currency devaluation, real interest, inflation rate and domestic income had a positive effect on the trade balance. The negative sign and significance of the Error Correction Term and diagnostic tests confirmed the reliability of the results.
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The role of transport infrastructure in attracting foreign direct investment in South Africa
- Authors: Mjacu, Lwando
- Date: 2017
- Subjects: Transportation Investments, Foreign -- South Africa Infrastructure (Economics) -- Government policy
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10353/8609 , vital:33181
- Description: This study examined the role of transport infrastructure in attracting foreign direct investment in South Africa. The study used quarterly time series data for the period of 1994 to 2014. The Johansen cointegration and Vector Error Correction Model (VECM) were used to determine the impact of transport infrastructure on foreign direct investment in South Africa. The explanatory variables in this study were market size, transport infrastructure, labour cost, exchange rate and corporate tax. Results from this study showed that market size, transport infrastructure and corporate tax have a positive and significant impact on foreign direct investment, while exchange rate is positive but insignificant, and labour cost has a negative and insignificant impact on foreign direct investment in South Africa. The policy recommendation that comes from this study is that efforts should be made to improve the standard of transport infrastructure in order to enhance and attract more of foreign direct investment. The government should follow policies that will attract foreign direct investment.
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The impact of biofuels on food prices, lessons from the experiences of Brazil and U.S. (1995-2013)
- Authors: Ncube, Free P
- Date: 2015
- Subjects: Biomass energy -- Economic aspects Food prices -- Brazil Food prices -- United States , Energy crops -- Economic aspects|zBrazil
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10353/2150 , vital:27616
- Description: Using crops for fuel generates concerns over competition with food uses. As Rajagopal et al (2009) asserts, “In 2008 the world entered a food crisis amid record-high commodity and energy prices that induced hunger and political unrest in developing countries, by export restrictions in top grain-producing countries”. This took place at the same time when biofuel production, reached its pinnacle in developed countries. This paper examines the effect that biofuel prices and or production has had on food prices in Brazil and U.S. by employing the panel cointegration and Dynamic Ordinary Least Squares (DOLS) method of analysis. In regressing food prices as a function of demand and supply factors, such as oil prices, biofuel prices, interest rates and biofuel production, the study found that the increase in biofuels production over the past eighteen years has had a significant impact on food prices. Over the period January 1995- December 2013, the study estimates that a one hundred percent increase in biofuels production across time and between countries results in the increase of food prices by 21,9%. The study therefore rejects the null hypothesis that states, biofuel production does not have a statistically significant negative impact on food prices in U.S. and Brazil. , and accepts the alternative that biofuel production does have a statistically significant negative impact on food prices in U.S. and Brazil. Other predictors of food prices that the study revealed as significant were oil and interest rates. Policy recommendations for other countries like South Africa are therefore, made based on the results obtained.
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The impact of exchange rate volatility on manufacturing production : a case study of South Africa
- Authors: Dube, Ziphozethu
- Date: 20
- Subjects: Foreign exchange rates -- South Africa Manufacturing industries -- South Africa Industrial productivity
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10353/8294 , vital:32193
- Description: The study examined the impact of exchange rate volatility on manufacturing production for the period of 1994 - 2015 in South Africa. The study evaluated the literature on exchange rate volatility and manufacturing production which was conducted and resulted into specification of an empirical model. The Autoregressive Distributive Lag (ARDL) was employed towards deducing the relationship of exchange rate volatility and manufacturing production. This study made use of monthly data to examine the relationship of exchange rate volatility and manufacturing production. However, the data frequency selected, ensured an adequate number of observations and results revealed that exchange rate volatility has a negative relationship with manufacturing production in the long run, nonetheless considering South Africa as an export economy the results were consistent with Ayinde (2014) who found that this relationship is seen to exist. A positive relationship was noted within the short run period. The unstable business environment in South Africa has been worsened by the political climate and unstable policies that has a ripple effect. Due to this aspect the study recommended the need for stabilizer policies for monetary, fiscal, trade and exchange rate management. The government should properly manage the exchange rate and design suitable policies that will reduce the deviation of the exchange rate thereby encourage production. Exchange rate stability is viewed to be key for export-oriented manufacturing sectors in a macroeconomic environment. The South African economy has felt such heaviness of political unrest and polices that do not result in stability. It would be key for policymakers to be vigilant and implement such measures to get the economy ticking in the right direction.
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