Development of the South African monetary banking sector and money market
- Authors: Patel, Aadil Suleman
- Date: 2005
- Subjects: South African Reserve Bank , Banks and banking -- South Africa , Money market -- South Africa , Economic development -- South Africa , Monetary policy -- South Africa , South Africa -- Economic conditions , Financial institutions -- South Africa , Money -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:997 , http://hdl.handle.net/10962/d1002732 , South African Reserve Bank , Banks and banking -- South Africa , Money market -- South Africa , Economic development -- South Africa , Monetary policy -- South Africa , South Africa -- Economic conditions , Financial institutions -- South Africa , Money -- South Africa
- Description: This thesis presents a theoretical analysis of developments in the South African monetary banking sector and money market. In the first section, evolution of the political, social and economic environments over the past few decades are discussed to provide the reader with an idea of some factors responsible for the underdeveloped nature of this market. It has been argued that the domestic political and economic landscape is relatively stable. Nevertheless, factors such as Zimbabwe’s political and ensuing economic turmoil, coupled with numerous financial crises in other developing nations have had negative consequences on domestic financial market development and economic growth. The current state of monetary policy is also analysed, within the economic environment, and various policy considerations have been put forth concerning the inflation targeting policy. The thesis then goes on to scrutinise the statutory and institutional environments within which the monetary banking institutions operate. Recent changes in the regulations governing the operations of these institutions are identified, together with the consequences of such laws on banking institutions and possible amendments have been suggested. In particular, a system of Asset Based Reserve Requirements (ABRR) has been recommended, in place of the current cash reserve requirement, to ensure regulators create a level playing field in the financial sector. The system can also provide authorities with the necessary control required to direct funds to the most desirable sectors of the economy. Development of the interbank market and the effect of reduced banking competition on the efficacy of the South African Reserve Bank’s refinancing operations and inflation targeting policy are also considered. Finally, the thesis analyses some effects of financial development on the South African economy, and whether it is in the best interests of the country to pursue financial reforms with such vigour. While financial development may bring South Africa closer to international standards of best practice, the timing and extent of the reforms will be critical to guarantee success.
- Full Text:
- Date Issued: 2005
- Authors: Patel, Aadil Suleman
- Date: 2005
- Subjects: South African Reserve Bank , Banks and banking -- South Africa , Money market -- South Africa , Economic development -- South Africa , Monetary policy -- South Africa , South Africa -- Economic conditions , Financial institutions -- South Africa , Money -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:997 , http://hdl.handle.net/10962/d1002732 , South African Reserve Bank , Banks and banking -- South Africa , Money market -- South Africa , Economic development -- South Africa , Monetary policy -- South Africa , South Africa -- Economic conditions , Financial institutions -- South Africa , Money -- South Africa
- Description: This thesis presents a theoretical analysis of developments in the South African monetary banking sector and money market. In the first section, evolution of the political, social and economic environments over the past few decades are discussed to provide the reader with an idea of some factors responsible for the underdeveloped nature of this market. It has been argued that the domestic political and economic landscape is relatively stable. Nevertheless, factors such as Zimbabwe’s political and ensuing economic turmoil, coupled with numerous financial crises in other developing nations have had negative consequences on domestic financial market development and economic growth. The current state of monetary policy is also analysed, within the economic environment, and various policy considerations have been put forth concerning the inflation targeting policy. The thesis then goes on to scrutinise the statutory and institutional environments within which the monetary banking institutions operate. Recent changes in the regulations governing the operations of these institutions are identified, together with the consequences of such laws on banking institutions and possible amendments have been suggested. In particular, a system of Asset Based Reserve Requirements (ABRR) has been recommended, in place of the current cash reserve requirement, to ensure regulators create a level playing field in the financial sector. The system can also provide authorities with the necessary control required to direct funds to the most desirable sectors of the economy. Development of the interbank market and the effect of reduced banking competition on the efficacy of the South African Reserve Bank’s refinancing operations and inflation targeting policy are also considered. Finally, the thesis analyses some effects of financial development on the South African economy, and whether it is in the best interests of the country to pursue financial reforms with such vigour. While financial development may bring South Africa closer to international standards of best practice, the timing and extent of the reforms will be critical to guarantee success.
- Full Text:
- Date Issued: 2005
The development of a strategic management model for industrial development zones to attract Greenfield Foreign Direct Investments
- Authors: Rich, Guy Martin
- Date: 2003
- Subjects: Investments, foreign -- South Africa , Industrialization -- South Africa , Economic development -- South Africa
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:10937 , http://hdl.handle.net/10948/220 , Investments, foreign -- South Africa , Industrialization -- South Africa , Economic development -- South Africa
- Description: In order to become globally competitive, South Africa has embarked on an industrial development zone (IDZ) programme to boost investment, increase the socio-economic climate, attract world-class manufacturers and generate local and foreign direct investment (FDI) while creating employment, encouraging skills and technology transfer, and increasing foreign exchange earnings. Twelve strategic areas within South Africa have been identified and are in the process of, or have been, declared IDZs. East London and Coega are the first two IDZs to come online in South Africa and have generated much publicity in the past number of years. One of the aims of the IDZs, as world-class production areas, is to generate FDI. Drivers of international FDI include globalisation, political, economic and legal environments and competitive advantage. According to the United Nations Conference on Trade and Development (2002: 25), FDI accounts for 16 percent of worldwide gross fixed capital formation – and a growing proportion of this is going to developing nations. According to the World Economic Processing Zones Association (WEPZA), IDZs have been the star performer in attracting investment and technology to developing countries during the past 50 years (2002: www.wepza.org). If the Eastern Cape IDZ programme is to be a success, the development corporations that have been established as the management arms of the IDZs will need to facilitate strategic economic advantage, look towards strategic investments that are sustainable, take advantage of and grow existing industrial capacity and create economic and social benefits for the region. There are a number of dynamics and reasons behind global FDI decisions. In order to be successful at attracting FDI the development corporations need to understand these dynamics and reasons in order to achieve a strategic fit between potential investor and the IDZ. This can be done by adopting a strategic management model for greenfield FDI from international investors.
- Full Text:
- Date Issued: 2003
- Authors: Rich, Guy Martin
- Date: 2003
- Subjects: Investments, foreign -- South Africa , Industrialization -- South Africa , Economic development -- South Africa
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:10937 , http://hdl.handle.net/10948/220 , Investments, foreign -- South Africa , Industrialization -- South Africa , Economic development -- South Africa
- Description: In order to become globally competitive, South Africa has embarked on an industrial development zone (IDZ) programme to boost investment, increase the socio-economic climate, attract world-class manufacturers and generate local and foreign direct investment (FDI) while creating employment, encouraging skills and technology transfer, and increasing foreign exchange earnings. Twelve strategic areas within South Africa have been identified and are in the process of, or have been, declared IDZs. East London and Coega are the first two IDZs to come online in South Africa and have generated much publicity in the past number of years. One of the aims of the IDZs, as world-class production areas, is to generate FDI. Drivers of international FDI include globalisation, political, economic and legal environments and competitive advantage. According to the United Nations Conference on Trade and Development (2002: 25), FDI accounts for 16 percent of worldwide gross fixed capital formation – and a growing proportion of this is going to developing nations. According to the World Economic Processing Zones Association (WEPZA), IDZs have been the star performer in attracting investment and technology to developing countries during the past 50 years (2002: www.wepza.org). If the Eastern Cape IDZ programme is to be a success, the development corporations that have been established as the management arms of the IDZs will need to facilitate strategic economic advantage, look towards strategic investments that are sustainable, take advantage of and grow existing industrial capacity and create economic and social benefits for the region. There are a number of dynamics and reasons behind global FDI decisions. In order to be successful at attracting FDI the development corporations need to understand these dynamics and reasons in order to achieve a strategic fit between potential investor and the IDZ. This can be done by adopting a strategic management model for greenfield FDI from international investors.
- Full Text:
- Date Issued: 2003
National Economic Development and Labour Council
- NEDLAC
- Authors: NEDLAC
- Date: 1995?
- Subjects: Nedlac , South Africa -- Economic policy , Economic development -- South Africa , Labour policy -- South Africa
- Language: eng
- Type: text , book
- Identifier: http://hdl.handle.net/10962/77038 , vital:30658
- Full Text:
- Date Issued: 1995?
- Authors: NEDLAC
- Date: 1995?
- Subjects: Nedlac , South Africa -- Economic policy , Economic development -- South Africa , Labour policy -- South Africa
- Language: eng
- Type: text , book
- Identifier: http://hdl.handle.net/10962/77038 , vital:30658
- Full Text:
- Date Issued: 1995?
Some aspects of housing economics with reference to the coloured population of South Africa
- Authors: Farabi, Sadraddin
- Date: 1981 , 2013-04-02
- Subjects: Housing -- South Africa , Housing policy -- South Africa , Regional economics -- South Africa , Economic development -- South Africa , Colored people (South Africa) -- Housing , Colored people (South Africa) -- South Africa -- Grahamstown
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1050 , http://hdl.handle.net/10962/d1006342 , Housing -- South Africa , Housing policy -- South Africa , Regional economics -- South Africa , Economic development -- South Africa , Colored people (South Africa) -- Housing , Colored people (South Africa) -- South Africa -- Grahamstown
- Full Text:
- Date Issued: 1981
- Authors: Farabi, Sadraddin
- Date: 1981 , 2013-04-02
- Subjects: Housing -- South Africa , Housing policy -- South Africa , Regional economics -- South Africa , Economic development -- South Africa , Colored people (South Africa) -- Housing , Colored people (South Africa) -- South Africa -- Grahamstown
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1050 , http://hdl.handle.net/10962/d1006342 , Housing -- South Africa , Housing policy -- South Africa , Regional economics -- South Africa , Economic development -- South Africa , Colored people (South Africa) -- Housing , Colored people (South Africa) -- South Africa -- Grahamstown
- Full Text:
- Date Issued: 1981
Local economic development: disseminating global best practices to affect futuristic thinking in SA
- Authors: Perks, Sandra
- Subjects: Economic development , Economic development -- South Africa , f-sa
- Language: English
- Type: text , Lectures
- Identifier: http://hdl.handle.net/10948/20966 , vital:29423
- Description: The aim of Local Economic Development (LED) is to ensure that the economy of a community, region or country grows faster than the population, so that there can be surplus resources for future expansion (Rucker, Kinnett & Barbash 2012). This suggests that LED is more than economic development at local level. LED is often not viewed from an economic perspective but from a political perspective. Birkhölzer (2005:3) outlines four possible political LED viewpoints. The first perspective is “development from above” with an authoritarian state dictating to regional government and local authorities. This perspective has been proven flawed when political or economic turbulences occur. The second perspective is “development from outside” with reliance on outside investors to bring into the country the necessary resources, mostly funding. This perspective is risky from a sustainability point of view. The third perspective is the “wait and see” where migration occurs if there are problems. This perspective is equally flawed as it is becoming increasingly difficult to migrate because it is so costly, and also finding the right place to go can prove to be problematic. The last perspective is the “development from within” where people play a key role, and do not rely on government or the economy to serve their needs or solve their problems; this points to self-sufficiency.
- Full Text:
- Authors: Perks, Sandra
- Subjects: Economic development , Economic development -- South Africa , f-sa
- Language: English
- Type: text , Lectures
- Identifier: http://hdl.handle.net/10948/20966 , vital:29423
- Description: The aim of Local Economic Development (LED) is to ensure that the economy of a community, region or country grows faster than the population, so that there can be surplus resources for future expansion (Rucker, Kinnett & Barbash 2012). This suggests that LED is more than economic development at local level. LED is often not viewed from an economic perspective but from a political perspective. Birkhölzer (2005:3) outlines four possible political LED viewpoints. The first perspective is “development from above” with an authoritarian state dictating to regional government and local authorities. This perspective has been proven flawed when political or economic turbulences occur. The second perspective is “development from outside” with reliance on outside investors to bring into the country the necessary resources, mostly funding. This perspective is risky from a sustainability point of view. The third perspective is the “wait and see” where migration occurs if there are problems. This perspective is equally flawed as it is becoming increasingly difficult to migrate because it is so costly, and also finding the right place to go can prove to be problematic. The last perspective is the “development from within” where people play a key role, and do not rely on government or the economy to serve their needs or solve their problems; this points to self-sufficiency.
- Full Text: