Digital ambidexterity in South African Small and Medium Enterprises (SMEs): the role of network capability and value creation
- Chigori, Darlington Tawanda https://orcid.org/0000-0001-6284-1970
- Authors: Chigori, Darlington Tawanda https://orcid.org/0000-0001-6284-1970
- Date: 2023-11
- Subjects: Small business -- Management , Small business—Technological innovations
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28513 , vital:74366
- Description: Ambidexterity is the capacity of an organisation to develop both exploration and exploitation capabilities simultaneously. These require different types of responses. This thesis investigates the role of ambidexterity in small and medium enterprises (SMEs). Ambidexterity is associated with network capability and value co-creation. In addition, SMEs can benefit from ambidexterity by reducing the risk of failure and promoting growth. The results suggest that ambidexterity in conjunction with networking partnerships and co-creation are key capabilities for small businesses. Secondly, they reveal that SMEs can develop ambidexterity by engaging in both formal and informal learning from their networking partnerships. This is important for policy makers because it suggests that government support for SMEs should focus on developing both formal and informal learning opportunities. Managers of SMEs should also focus on developing both formal and informal learning opportunities. It is an important capability for the success of these businesses. Networks can also be used as a learning mechanism by SMEs. Furthermore, the research also suggests that the use of digital technology networks can be beneficial for the development of ambidexterity. This means that SMEs should consider investing in digital technology networks to enhance their ambidexterity capabilities. Additional research is needed to determine the specific benefits that digital technology networks provide to SMEs. However, the findings suggest that digital technology networks can help to improve the development of ambidexterity. Although networks and co-creation may be necessary for SMEs, they should caution that openness to change can also be risky. It is essential to manage the risks associated with susceptibility to change. SMEs should consider investing in digital technology networks to help them manage these risk. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-11
- Authors: Chigori, Darlington Tawanda https://orcid.org/0000-0001-6284-1970
- Date: 2023-11
- Subjects: Small business -- Management , Small business—Technological innovations
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28513 , vital:74366
- Description: Ambidexterity is the capacity of an organisation to develop both exploration and exploitation capabilities simultaneously. These require different types of responses. This thesis investigates the role of ambidexterity in small and medium enterprises (SMEs). Ambidexterity is associated with network capability and value co-creation. In addition, SMEs can benefit from ambidexterity by reducing the risk of failure and promoting growth. The results suggest that ambidexterity in conjunction with networking partnerships and co-creation are key capabilities for small businesses. Secondly, they reveal that SMEs can develop ambidexterity by engaging in both formal and informal learning from their networking partnerships. This is important for policy makers because it suggests that government support for SMEs should focus on developing both formal and informal learning opportunities. Managers of SMEs should also focus on developing both formal and informal learning opportunities. It is an important capability for the success of these businesses. Networks can also be used as a learning mechanism by SMEs. Furthermore, the research also suggests that the use of digital technology networks can be beneficial for the development of ambidexterity. This means that SMEs should consider investing in digital technology networks to enhance their ambidexterity capabilities. Additional research is needed to determine the specific benefits that digital technology networks provide to SMEs. However, the findings suggest that digital technology networks can help to improve the development of ambidexterity. Although networks and co-creation may be necessary for SMEs, they should caution that openness to change can also be risky. It is essential to manage the risks associated with susceptibility to change. SMEs should consider investing in digital technology networks to help them manage these risk. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-11
Human capital investment, productivity and economic growth in selected Sub Saharan African countries
- Mutambirwa, Edward https://orcid.org/0000-0002-9010-1950
- Authors: Mutambirwa, Edward https://orcid.org/0000-0002-9010-1950
- Date: 2023-11
- Subjects: Human capital -- Africa, Sub-Saharan , Economic development -- Africa, Sub-Saharan , Capital investments -- Africa, Sub-Saharan
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28639 , vital:74481
- Description: Many Sub-Saharan African (SSA) countries experience low economic growth rate levels which is worrisome given the demographic window of opportunities in the region. The governments of SSA countries have been putting emphasis on increasing investments in human capital development as it is vital in unlocking potential economic growth through enhancing regional productivity. With this in mind, this study examined the effect of human capital investment on economic growth through productivity in 12 selected SSA countries during the period 2000 to 2017. The selection of these countries and the study period were based on the data availability as well as differences in income growth. The sample represents all the countries in the income growth groups which are low income, lower middle income and upper middle income. In order to examine the overall effect of human capital investment on economic growth the study utilizes two models which are: 1. Human capital investment and productivity in selected SSA countries. 2. Human capital investment and economic growth in selected SSA countries. Model 1 objective of the study was to investigate the effect of human capital investment on productivity in the selected SSA countries. Productivity proxied by labour productivity measured by real output per person employed was the dependent regressed against a host of independent variables which includes human capital investment, foreign direct investment (FDI), total factor productivity (TFP) and labour quantity growth (LQ).The human capital investment components used in the model included: fiscal expenditure on primary education (PEI), secondary education(SEI), tertiary education (TEI) all as a percentage of government expenditure on education; public health(PHI) as a percentage of GDP and domestic private health (DPHI) as a percentage of current health expenditure. Several estimation techniques which include the Pooled Mean Group (PMG), Panel Fully Modified Ordinary Least Square (PFMOLS) and Panel Dynamic Ordinary Least Square (PDOLS) were employed to analyse the relationship between the variables of interest. The empirical findings indicated that all human capital investment components contribute positively to labour productivity except tertiary education investment which had a negative effect. Moreover, the empirical findings also revealed that foreign direct investment and total factor productivity had positive effects on labour productivity while labour quantity growth had a negative effect. Model 2 objective examined the effect of productivity enhanced human capital on economic growth in the sample of countries. It also incorporated the direct channel of the effect of human capital on economic growth in the stated countries. Economic growth (EG) proxied by real GDP growth as the dependent variable and, on the other hand, explanatory variables being productivity enhanced human capital investment (PEHC), human capital (HC), gross fixed capital formation (GFCF), population growth (POP), institutional quality proxied by government effectiveness (GE) and political stability (PS). The same estimation techniques were also employed so as to obtain robust results. The empirical findings revealed that both productivity enhanced human capital investment and human capital contributes positively to economic growth in the selected SSA countries. In addition, the empirical results also proved that gross fixed capital formation, government effectiveness and political stability have positive effects on economic growth whilst population growth has a negative effect. Overall, the results of the study evidenced the existence of a transfer mechanism from human capital investment to economic growth through productivity in the selected SSA countries. The empirical results imply that increasing investment on human capital is of importance in trying to enhance productivity and through this economic growth in the SSA region. The study concludes that there is a potential on enhancing economic growth in the long run in the SSA region if countries invest more on human capital. Therefore, the study recommends that SSA countries must devote more budget to human capital so that free basic education can be offered in both primary and secondary as well as free health care services. With this, the objectives of quality education and health, sustainable and inclusive growth targets of the African Union (AU) Agenda 2063 as well as United Nations (UN) Sustainable Development Goals (SDGs) can be achieved. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-11
Human capital investment, productivity and economic growth in selected Sub Saharan African countries
- Authors: Mutambirwa, Edward https://orcid.org/0000-0002-9010-1950
- Date: 2023-11
- Subjects: Human capital -- Africa, Sub-Saharan , Economic development -- Africa, Sub-Saharan , Capital investments -- Africa, Sub-Saharan
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28639 , vital:74481
- Description: Many Sub-Saharan African (SSA) countries experience low economic growth rate levels which is worrisome given the demographic window of opportunities in the region. The governments of SSA countries have been putting emphasis on increasing investments in human capital development as it is vital in unlocking potential economic growth through enhancing regional productivity. With this in mind, this study examined the effect of human capital investment on economic growth through productivity in 12 selected SSA countries during the period 2000 to 2017. The selection of these countries and the study period were based on the data availability as well as differences in income growth. The sample represents all the countries in the income growth groups which are low income, lower middle income and upper middle income. In order to examine the overall effect of human capital investment on economic growth the study utilizes two models which are: 1. Human capital investment and productivity in selected SSA countries. 2. Human capital investment and economic growth in selected SSA countries. Model 1 objective of the study was to investigate the effect of human capital investment on productivity in the selected SSA countries. Productivity proxied by labour productivity measured by real output per person employed was the dependent regressed against a host of independent variables which includes human capital investment, foreign direct investment (FDI), total factor productivity (TFP) and labour quantity growth (LQ).The human capital investment components used in the model included: fiscal expenditure on primary education (PEI), secondary education(SEI), tertiary education (TEI) all as a percentage of government expenditure on education; public health(PHI) as a percentage of GDP and domestic private health (DPHI) as a percentage of current health expenditure. Several estimation techniques which include the Pooled Mean Group (PMG), Panel Fully Modified Ordinary Least Square (PFMOLS) and Panel Dynamic Ordinary Least Square (PDOLS) were employed to analyse the relationship between the variables of interest. The empirical findings indicated that all human capital investment components contribute positively to labour productivity except tertiary education investment which had a negative effect. Moreover, the empirical findings also revealed that foreign direct investment and total factor productivity had positive effects on labour productivity while labour quantity growth had a negative effect. Model 2 objective examined the effect of productivity enhanced human capital on economic growth in the sample of countries. It also incorporated the direct channel of the effect of human capital on economic growth in the stated countries. Economic growth (EG) proxied by real GDP growth as the dependent variable and, on the other hand, explanatory variables being productivity enhanced human capital investment (PEHC), human capital (HC), gross fixed capital formation (GFCF), population growth (POP), institutional quality proxied by government effectiveness (GE) and political stability (PS). The same estimation techniques were also employed so as to obtain robust results. The empirical findings revealed that both productivity enhanced human capital investment and human capital contributes positively to economic growth in the selected SSA countries. In addition, the empirical results also proved that gross fixed capital formation, government effectiveness and political stability have positive effects on economic growth whilst population growth has a negative effect. Overall, the results of the study evidenced the existence of a transfer mechanism from human capital investment to economic growth through productivity in the selected SSA countries. The empirical results imply that increasing investment on human capital is of importance in trying to enhance productivity and through this economic growth in the SSA region. The study concludes that there is a potential on enhancing economic growth in the long run in the SSA region if countries invest more on human capital. Therefore, the study recommends that SSA countries must devote more budget to human capital so that free basic education can be offered in both primary and secondary as well as free health care services. With this, the objectives of quality education and health, sustainable and inclusive growth targets of the African Union (AU) Agenda 2063 as well as United Nations (UN) Sustainable Development Goals (SDGs) can be achieved. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-11
The analysis of the impact of financial integration on financial development and economic growth in the Southern African development community
- Ndlovu, Nomusa https://orcid.org/0000-0001-7777-2939
- Authors: Ndlovu, Nomusa https://orcid.org/0000-0001-7777-2939
- Date: 2023-11
- Subjects: Economic development -- Finance -- Africa, Southern , Financial services industry -- Africa, Southern
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28650 , vital:74491
- Description: The study investigated the impact of financial integration on financial development and economic growth in the Southern African Development Community using annual data for the period 2000 to 2018. Literature shows that there is no universally accepted measure of financial integration hence the study utilized the Lane and Milesi-Ferretti measure, foreign direct investment as a percentage of GDP and Chinn-Ito (KAOPEN) index in achieving the objectives of the study. One of the main objectives of the study was to examine the impact of financial integration on financial development in the SADC community. The study utilized first difference GMM to achieve this objective and the results showed that Lane and Milesi-Ferretti measure and foreign direct investment as a percentage of GDP significantly affect financial development whilst Chinn-Ito (KAOPEN) index displayed an insignificant effect. The next step was to investigate the impact of financial integration on economic growth in the SADC region. To accomplish this objective, the study investigated both the direct channel as well as the possibility of financial integration indirectly influencing economic growth through financial development, trade openness, and institutional quality. The Three Stage Least Squares (3SLS) technique was utilized on a system of five simultaneous equations in examining the effect of financial integration on economic growth. The results revealed that financial integration affects economic growth both directly and indirectly. Regarding the indirect channels, only the financial development and institutional quality channel proved to be significant. To ensure the robustness of the results the study checked if the impact of financial integration was sensitive to the measure of financial integration and financial development used. The study employed KAOPEN to proxy financial integration while broad money supply (% of GDP) measured financial development. Robustness results confirmed that financial integration affects economic growth both directly and indirectly. This time, the trade openness channel was significant at 10% which shows the benefits through this channel are significant. This shows that the results of the trade openness channel are inconclusive. When the Lane and Milesi-Ferretti measure of financial integration was employed the impact of the trade openness channel was insignificant whilst a significant impact was found based on KAOPEN. The inconclusive findings for the trade openness channel may indicate the impact of financial integration on economic growth depends on the proxy of financial integration utilized. In addition, the study also gathered some interesting results where financial development, institutional quality, trade openness, and government size (government spending) are significant drivers of financial integration. The study makes some fundamental contributions to literature on financial integration, financial development, and economic growth. Initially, the study provides empirical evidence on the nature of the impact of financial integration on financial development in the SADC. In particular, this study contributes to the body of knowledge by showing that the impact of financial integration on financial development is linear. Secondly, this study makes an original contribution to the literature on the channels through which financial integration affect economic growth in the SADC, providing a more subtlety understanding of the mechanisms at play. Finally, the study provides important policy implications for policymakers and financial regulators in the SADC who seek to promote economic growth through financial integration. The findings of the study imply that deeper financial integration is crucial in the SADC region as it can potentially increase the rate of economic growth in the region. Not only economic growth will be boosted but also the institutional quality and the development of the financial sector of the countries in the region. Based on these findings, the study recommends that the governments of the member countries in the region continue to come up with policies that boost regional and international financial integration. The study suggests that to ensure that they continuously reap positive benefits from financial integration, member countries of the SADC should appoint a board that deals with implementation and accountability. This board must be responsible for ensuring that member countries implement the formulated policies and should also hold member countries accountable in case of failure to implement the formulated policies. Since the region is pursuing financial integration, the region must come up with policies that prioritize domestic developments in the form of financial development, improving domestic institutional quality and reducing trade restrictions in advance in order to ensure that preconditions for financial integration are met. Developing these will attract different forms of financial flows or increase financial openness which will ultimately boost economic growth. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-11
- Authors: Ndlovu, Nomusa https://orcid.org/0000-0001-7777-2939
- Date: 2023-11
- Subjects: Economic development -- Finance -- Africa, Southern , Financial services industry -- Africa, Southern
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28650 , vital:74491
- Description: The study investigated the impact of financial integration on financial development and economic growth in the Southern African Development Community using annual data for the period 2000 to 2018. Literature shows that there is no universally accepted measure of financial integration hence the study utilized the Lane and Milesi-Ferretti measure, foreign direct investment as a percentage of GDP and Chinn-Ito (KAOPEN) index in achieving the objectives of the study. One of the main objectives of the study was to examine the impact of financial integration on financial development in the SADC community. The study utilized first difference GMM to achieve this objective and the results showed that Lane and Milesi-Ferretti measure and foreign direct investment as a percentage of GDP significantly affect financial development whilst Chinn-Ito (KAOPEN) index displayed an insignificant effect. The next step was to investigate the impact of financial integration on economic growth in the SADC region. To accomplish this objective, the study investigated both the direct channel as well as the possibility of financial integration indirectly influencing economic growth through financial development, trade openness, and institutional quality. The Three Stage Least Squares (3SLS) technique was utilized on a system of five simultaneous equations in examining the effect of financial integration on economic growth. The results revealed that financial integration affects economic growth both directly and indirectly. Regarding the indirect channels, only the financial development and institutional quality channel proved to be significant. To ensure the robustness of the results the study checked if the impact of financial integration was sensitive to the measure of financial integration and financial development used. The study employed KAOPEN to proxy financial integration while broad money supply (% of GDP) measured financial development. Robustness results confirmed that financial integration affects economic growth both directly and indirectly. This time, the trade openness channel was significant at 10% which shows the benefits through this channel are significant. This shows that the results of the trade openness channel are inconclusive. When the Lane and Milesi-Ferretti measure of financial integration was employed the impact of the trade openness channel was insignificant whilst a significant impact was found based on KAOPEN. The inconclusive findings for the trade openness channel may indicate the impact of financial integration on economic growth depends on the proxy of financial integration utilized. In addition, the study also gathered some interesting results where financial development, institutional quality, trade openness, and government size (government spending) are significant drivers of financial integration. The study makes some fundamental contributions to literature on financial integration, financial development, and economic growth. Initially, the study provides empirical evidence on the nature of the impact of financial integration on financial development in the SADC. In particular, this study contributes to the body of knowledge by showing that the impact of financial integration on financial development is linear. Secondly, this study makes an original contribution to the literature on the channels through which financial integration affect economic growth in the SADC, providing a more subtlety understanding of the mechanisms at play. Finally, the study provides important policy implications for policymakers and financial regulators in the SADC who seek to promote economic growth through financial integration. The findings of the study imply that deeper financial integration is crucial in the SADC region as it can potentially increase the rate of economic growth in the region. Not only economic growth will be boosted but also the institutional quality and the development of the financial sector of the countries in the region. Based on these findings, the study recommends that the governments of the member countries in the region continue to come up with policies that boost regional and international financial integration. The study suggests that to ensure that they continuously reap positive benefits from financial integration, member countries of the SADC should appoint a board that deals with implementation and accountability. This board must be responsible for ensuring that member countries implement the formulated policies and should also hold member countries accountable in case of failure to implement the formulated policies. Since the region is pursuing financial integration, the region must come up with policies that prioritize domestic developments in the form of financial development, improving domestic institutional quality and reducing trade restrictions in advance in order to ensure that preconditions for financial integration are met. Developing these will attract different forms of financial flows or increase financial openness which will ultimately boost economic growth. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-11
Housing market dynamics and economic growth in South Africa (1994 – 2019)
- Authors: Muchaonyerwa, Forward
- Date: 2023-09
- Subjects: Economic development -- South Africa , Housing -- Prices -- South Africa , Housing forecasting -- South Africa
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28628 , vital:74477
- Description: The housing market contributes significantly to economic growth. On this background, the study examined South Africa’s housing market dynamics, particularly determinants of demand, supply, and formal housing prices. Furthermore, the study looked at the impact of housing prices on economic growth from 1994:Q1 to 2019:Q2. The study period is important as it covers the new political dispensation in South Africa where the country entered a new democracy in 1994. The first three objectives of the study were to identify the determinants of housing demand, supply, and prices. The theory of demand and supply provided the theoretical framework for these models. Estimation of the housing demand, supply and price models was done by the employing Seemingly Unrelated Regression (SUR) technique. The Three Stage Least Squares (3SLS) model was estimated for robustness. Findings from SUR and 3SLS confirmed that Housing Demand (HD) is negatively and significantly influenced by residential Building Costs per Square Meter (BCSM), Housing Supply (HS) and Financial Costs (FC); and positively influenced by House Prices (HP). In addition, HS is negatively affected by BCSM, HD, Production Costs (PC) and Urban Population (UP); and positively influenced by HP and Residential Construction Confidence (RC). Lastly, HP are negatively affected by Prime Overdraft Rate (POR) and RC; and positively influenced by BCSM, HS, HD, Coincident Business Cycle Indicator (CBC) and residential Valuation (VAL). The fourth objective was to examine the impact of house prices on economic growth. An economic model was specified with Gross Domestic Product (GDP) as its dependent variable. The new growth theory provided the theoretical framework for this model. The Johansen co-integration technique confirmed a long run-term relationship between economic growth and house prices. The Vector Error Correction Model (VECM) was estimated to analyze the long and short run relationship among the variables. Empirical results confirmed that house prices have a positive impact on economic growth. Results further confirmed that CBC and Unemployment Rate (UR) are also positively related to GDP. POR and Leading Business Cycle indicator (LEBC) are negatively related to GDP. Granger Causality test was performed to analyze the causality between house prices and economic growth. The results indicated that there is a long run unidirectional causality from house prices to economic growth. With these results, the study recommends policy formation emanating from continuous research by establishing a human settlement agency or task team. The team can establish procedures for data collection and maintain a database for all kinds of housing market data. Their mandate includes research on commissioning of new towns and/or cities to boost housing supply. The government should avail more land and relax restrictive regulations and minimize red tape to ensure that houses are supplied to meet the growing demand as well as to stabilize prices. Policies to promote confidence and stabilize building costs are needed. These variables indicated significant influence on housing dynamics. It is also recommended to incentivize households to participate on the mortgage market. This assist both households through the wealth effect which positively influence increase in economic activity in South Africa. , Thesis (DCom) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-09
- Authors: Muchaonyerwa, Forward
- Date: 2023-09
- Subjects: Economic development -- South Africa , Housing -- Prices -- South Africa , Housing forecasting -- South Africa
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28628 , vital:74477
- Description: The housing market contributes significantly to economic growth. On this background, the study examined South Africa’s housing market dynamics, particularly determinants of demand, supply, and formal housing prices. Furthermore, the study looked at the impact of housing prices on economic growth from 1994:Q1 to 2019:Q2. The study period is important as it covers the new political dispensation in South Africa where the country entered a new democracy in 1994. The first three objectives of the study were to identify the determinants of housing demand, supply, and prices. The theory of demand and supply provided the theoretical framework for these models. Estimation of the housing demand, supply and price models was done by the employing Seemingly Unrelated Regression (SUR) technique. The Three Stage Least Squares (3SLS) model was estimated for robustness. Findings from SUR and 3SLS confirmed that Housing Demand (HD) is negatively and significantly influenced by residential Building Costs per Square Meter (BCSM), Housing Supply (HS) and Financial Costs (FC); and positively influenced by House Prices (HP). In addition, HS is negatively affected by BCSM, HD, Production Costs (PC) and Urban Population (UP); and positively influenced by HP and Residential Construction Confidence (RC). Lastly, HP are negatively affected by Prime Overdraft Rate (POR) and RC; and positively influenced by BCSM, HS, HD, Coincident Business Cycle Indicator (CBC) and residential Valuation (VAL). The fourth objective was to examine the impact of house prices on economic growth. An economic model was specified with Gross Domestic Product (GDP) as its dependent variable. The new growth theory provided the theoretical framework for this model. The Johansen co-integration technique confirmed a long run-term relationship between economic growth and house prices. The Vector Error Correction Model (VECM) was estimated to analyze the long and short run relationship among the variables. Empirical results confirmed that house prices have a positive impact on economic growth. Results further confirmed that CBC and Unemployment Rate (UR) are also positively related to GDP. POR and Leading Business Cycle indicator (LEBC) are negatively related to GDP. Granger Causality test was performed to analyze the causality between house prices and economic growth. The results indicated that there is a long run unidirectional causality from house prices to economic growth. With these results, the study recommends policy formation emanating from continuous research by establishing a human settlement agency or task team. The team can establish procedures for data collection and maintain a database for all kinds of housing market data. Their mandate includes research on commissioning of new towns and/or cities to boost housing supply. The government should avail more land and relax restrictive regulations and minimize red tape to ensure that houses are supplied to meet the growing demand as well as to stabilize prices. Policies to promote confidence and stabilize building costs are needed. These variables indicated significant influence on housing dynamics. It is also recommended to incentivize households to participate on the mortgage market. This assist both households through the wealth effect which positively influence increase in economic activity in South Africa. , Thesis (DCom) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-09
Human capital development and strategic plan alignment: a case of the Eastern Cape Department of Education
- Zindi, Beauty https://orcid.org/0000-0003-4790-5379
- Authors: Zindi, Beauty https://orcid.org/0000-0003-4790-5379
- Date: 2023-09
- Subjects: Human capital -- South Africa -- Eastern Cape , Strategic planning -- South Africa -- Eastern Cape
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28694 , vital:74500
- Description: Human capital development as an interactive process enhances and facilitates the development of skills, capabilities and potential of human capital through organisational development. Thus, to achieve goals and strategic plans effectively and efficiently, the public sector must continuously upskill the knowledge and capacity of its human capital. The dearth in skills and capacity, often result in sub-optimal performance in the Eastern Cape Department of Education (ECDoE). To achieve key objectives in its strategic plan, the ECDoE must align its hhuman capital development needs with its strategic plan. The main objective of this study is to explore the nature and extent of alignment between human capital development and the strategic plan of the ECDoE. The sub-objectives of the study are to: (i) establish a conceptual framework for informing human capital development and strategic plan alignment in theECDoE ; (ii) determine how continuous teacher development as a human capital development approach can be more closely aligned with the strategic priorities of the ECDoE’s strategic plan; (iii) explore how human capital development aligns with the strategic plan and Performance Development Management System (PDMS) of the ECDoE and (iv) recommend how the ECDoE can align its strategic human capital development to its strategic plan and performance management system. The study adopts a pragmatic research philosophy and a mixed- methods approach. The quantitative strategy and positivist paradigm were adopted to collect data, from purposefully two hundred and sixty-seven (n=267) educators using a survey questionnaire. The interpretivist research philosophy informed the qualitative strategy. In-depth interview data was collected from five (n=5) purposefully sampled information-rich participants to a point of data saturation. Quantitative data was analysed using descriptive and inferential statistics, while qualitative data was analysed using thematic analysis. Statistical results from survey data rejected hypothesis H10 and confirmed H11 which hypothesised that there was a relationship between eemployee performance and sstrategic plan alignment. Results further confirmed the relationship between employee performance and effectiveness of training alignment. Furthermore, results confirmed an association between employee performance and trainee evaluation. Results from qualitative data suggest that the ECDoE lacked competitive and effective skills human capital development training programmes, effective human resource development strategy as well as developmental capacity building training opportunities for educators. Such capacity dearth affected both educator and learner performance, leading to sub-optimal performance learner outcomes and academic achievement results. The ECDoE must therefore closely monitor and evaluate training programmes and assess their impact on educator performance. Training must be closely aligned with skills and capacity training needs of employees and must contribute to skills acquisition and job performance indicators, envisaged in the department’s strategic plan, mission and vision. Given the findings, the study recommends a framework for human capital development and strategic plan alignment in the public sector, particularly in the ECDoE. It concludes that continuous professional development must be a key performance driver for improving effectiveness and efficiency in strategic goal, vision and mission attainment. , Thesis (DPA) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-09
- Authors: Zindi, Beauty https://orcid.org/0000-0003-4790-5379
- Date: 2023-09
- Subjects: Human capital -- South Africa -- Eastern Cape , Strategic planning -- South Africa -- Eastern Cape
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28694 , vital:74500
- Description: Human capital development as an interactive process enhances and facilitates the development of skills, capabilities and potential of human capital through organisational development. Thus, to achieve goals and strategic plans effectively and efficiently, the public sector must continuously upskill the knowledge and capacity of its human capital. The dearth in skills and capacity, often result in sub-optimal performance in the Eastern Cape Department of Education (ECDoE). To achieve key objectives in its strategic plan, the ECDoE must align its hhuman capital development needs with its strategic plan. The main objective of this study is to explore the nature and extent of alignment between human capital development and the strategic plan of the ECDoE. The sub-objectives of the study are to: (i) establish a conceptual framework for informing human capital development and strategic plan alignment in theECDoE ; (ii) determine how continuous teacher development as a human capital development approach can be more closely aligned with the strategic priorities of the ECDoE’s strategic plan; (iii) explore how human capital development aligns with the strategic plan and Performance Development Management System (PDMS) of the ECDoE and (iv) recommend how the ECDoE can align its strategic human capital development to its strategic plan and performance management system. The study adopts a pragmatic research philosophy and a mixed- methods approach. The quantitative strategy and positivist paradigm were adopted to collect data, from purposefully two hundred and sixty-seven (n=267) educators using a survey questionnaire. The interpretivist research philosophy informed the qualitative strategy. In-depth interview data was collected from five (n=5) purposefully sampled information-rich participants to a point of data saturation. Quantitative data was analysed using descriptive and inferential statistics, while qualitative data was analysed using thematic analysis. Statistical results from survey data rejected hypothesis H10 and confirmed H11 which hypothesised that there was a relationship between eemployee performance and sstrategic plan alignment. Results further confirmed the relationship between employee performance and effectiveness of training alignment. Furthermore, results confirmed an association between employee performance and trainee evaluation. Results from qualitative data suggest that the ECDoE lacked competitive and effective skills human capital development training programmes, effective human resource development strategy as well as developmental capacity building training opportunities for educators. Such capacity dearth affected both educator and learner performance, leading to sub-optimal performance learner outcomes and academic achievement results. The ECDoE must therefore closely monitor and evaluate training programmes and assess their impact on educator performance. Training must be closely aligned with skills and capacity training needs of employees and must contribute to skills acquisition and job performance indicators, envisaged in the department’s strategic plan, mission and vision. Given the findings, the study recommends a framework for human capital development and strategic plan alignment in the public sector, particularly in the ECDoE. It concludes that continuous professional development must be a key performance driver for improving effectiveness and efficiency in strategic goal, vision and mission attainment. , Thesis (DPA) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-09
The career development processes of senior black female academics in a historically disadvantaged institution in South Africa
- Dondolo,Vuyelwa, Chinyamurindi, Willie
- Authors: Dondolo,Vuyelwa , Chinyamurindi, Willie
- Date: 2023-09
- Subjects: Career development. , Historically Black colleges and universities. , Psychology, Industrial.
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28894 , vital:75406
- Description: Orientation The literature has shown that females are marginalised and under-represented more specifically in South Africa where females have been facing triple challenges. The issues of gender race and social class are factors which have hindered their career development. However as times change the development of Black females has been prioritised. This has led to calls for more empirical focus in understanding the career development processes especially of Black females. From this practitioner managerial and policymaker ramifications can be made. Research purpose To investigate the career development processes of senior Black female academics and further explain how they navigate the barriers concerning their careers. Motivation for the study The increasing need for career related research has prompted the need for more female career development studies in South Africa. Moreover calls have been made to better understand the career development process of female academics. This sample occupies an important space not just in terms of redress but also paving the future of the South African knowledge production space. Research approach design and method The study utilised an interpretivist qualitative research philosophy and approach. The study was exploratory in nature and relied on semi structured interviews with 20 senior Black female academics working at a Historically Disadvantaged Institution in South Africa. Narrative analysis using the three levels of meaning making was used to analyse the data. The first level was used to get a good understanding of participants accounts of career development processes for senior Black female academics in an HDI. The second level of meaning was used to identify and categorise codes and themes that emanated from the lived experiences of the participants interviewed. The final level of meaning enabled the researcher to use the themes that were generated and to extract direct quotes from the participants stories. Main findings Three main findings emerged from the study. First intersectionality archetypes were found to be continued barriers to the career development of the senior Black female academics. Second the study found the interacting nexus between serendipity premeditated events and the taking of opportunities in assisting the career development of senior Black female academics. Finally in addressing the challenges experienced as part of their career development the role of direct and indirect agentic power was at play in addressing barriers. Practical managerial implications The findings of this study may assist career counsellors to identify the challenges which are being faced by senior Black female academics during their career development such as racial discrimination gender bias and social class. This information can be useful during the career path to ensure awareness of the growing issues of intersectional complexities surrounding working senior Black female academics. Moreover managers who occupy managerial positions in higher education institutions can use the findings to create a conducive environment for the progression of senior Black female academics. The managerial implication can be in form of financial assistance mentoring as well as other operational support. The findings of this study can also assist the policy development of the higher education institution focusing on senior Black female academic advancement. The policy should be oriented in such a way that it addresses the challenges of future Black females pursuing an academic career. Contribution value add This study contributes to the growing body of knowledge of career development related studies. While most South African career related research focused on challenges this study contributes to finding interrelated factors that work as complexities and aim at also showing the strategies on how to overcome interconnected barriers of Black females in South Africa. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-09
- Authors: Dondolo,Vuyelwa , Chinyamurindi, Willie
- Date: 2023-09
- Subjects: Career development. , Historically Black colleges and universities. , Psychology, Industrial.
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28894 , vital:75406
- Description: Orientation The literature has shown that females are marginalised and under-represented more specifically in South Africa where females have been facing triple challenges. The issues of gender race and social class are factors which have hindered their career development. However as times change the development of Black females has been prioritised. This has led to calls for more empirical focus in understanding the career development processes especially of Black females. From this practitioner managerial and policymaker ramifications can be made. Research purpose To investigate the career development processes of senior Black female academics and further explain how they navigate the barriers concerning their careers. Motivation for the study The increasing need for career related research has prompted the need for more female career development studies in South Africa. Moreover calls have been made to better understand the career development process of female academics. This sample occupies an important space not just in terms of redress but also paving the future of the South African knowledge production space. Research approach design and method The study utilised an interpretivist qualitative research philosophy and approach. The study was exploratory in nature and relied on semi structured interviews with 20 senior Black female academics working at a Historically Disadvantaged Institution in South Africa. Narrative analysis using the three levels of meaning making was used to analyse the data. The first level was used to get a good understanding of participants accounts of career development processes for senior Black female academics in an HDI. The second level of meaning was used to identify and categorise codes and themes that emanated from the lived experiences of the participants interviewed. The final level of meaning enabled the researcher to use the themes that were generated and to extract direct quotes from the participants stories. Main findings Three main findings emerged from the study. First intersectionality archetypes were found to be continued barriers to the career development of the senior Black female academics. Second the study found the interacting nexus between serendipity premeditated events and the taking of opportunities in assisting the career development of senior Black female academics. Finally in addressing the challenges experienced as part of their career development the role of direct and indirect agentic power was at play in addressing barriers. Practical managerial implications The findings of this study may assist career counsellors to identify the challenges which are being faced by senior Black female academics during their career development such as racial discrimination gender bias and social class. This information can be useful during the career path to ensure awareness of the growing issues of intersectional complexities surrounding working senior Black female academics. Moreover managers who occupy managerial positions in higher education institutions can use the findings to create a conducive environment for the progression of senior Black female academics. The managerial implication can be in form of financial assistance mentoring as well as other operational support. The findings of this study can also assist the policy development of the higher education institution focusing on senior Black female academic advancement. The policy should be oriented in such a way that it addresses the challenges of future Black females pursuing an academic career. Contribution value add This study contributes to the growing body of knowledge of career development related studies. While most South African career related research focused on challenges this study contributes to finding interrelated factors that work as complexities and aim at also showing the strategies on how to overcome interconnected barriers of Black females in South Africa. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-09
The moderation and mediation influence of dynamic capabilities and decision-making dimensions on South African family business performance
- Pike-Bowles, Angela https://orcid.org/0000-0003-4811-0455
- Authors: Pike-Bowles, Angela https://orcid.org/0000-0003-4811-0455
- Date: 2023-07
- Subjects: Family-owned business enterprises -- South Africa -- Decision making , Family-owned business enterprises -- Succession -- South Africa , Management information systems
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28684 , vital:74499
- Description: Family businesses are fundamental for any world economy where they contribute significantly to economic prosperity. However, family firms are faced with new obstacles that are directly affecting their business performance due to the current economic uncertainties and the rapidly changing environments. The implementation of dynamic capabilities is a fundamental strategic tool family firms can exercise to improve their competitive advantage. Although family business research has proliferated over the last 10 years, there are few studies in South Africa investigating the extent to which dynamic capabilities influence family business performance. This study, therefore, had a primary objective to investigate the determinants of family business performance and the role that dynamic capabilities play as mediators and moderators. Studying such a research theme has not received sufficient attention within the family business field, which emphasises the need for such a topic to be investigated. The independent variables for the study entailed dynamic capabilities and decision-making constructs while the dependent variable comprised family business performance. Consequently, the mediating variables included strategic foresight, strategic flexibility, and strategic creativity while the moderating variables included strategic creativity and strategic flexibility. This investigation followed a quantitative methodological logic by employing the questionnaire as the research instrument. In total, 347 family business managers and owners from the eight districts of the Eastern Cape participated in the study. The family businesses were accessed through a convenience sampling technique to identify if their business suited the inclusion criteria of the study. Data analysis was executed through SPSS where the moderation-mediation analysis followed the Hayes process macro through multiple regression analysis. The research findings revealed that there is both a significant positive and mediation relationship between the dynamic capabilities constructs entailing environmental scanning, scenario planning, knowledge creation, culture, and formal organisation with the decision-making constructs of strategic foresight, flexibility, and creativity with family business performance. Interestingly, a moderation relationship does not exist between these constructs and the strategic foresight of the family firm. However, a moderation relationship does exist between the dynamic capabilities constructs of knowledge creation and culture and strategic foresight when moderated by strategic creativity. Thus, family business performance is positively influenced by the said dynamic capabilities and decision-making constructs. The results ultimately provided implications for family businesses with practical advice on the successful implementation and monitoring of dynamic capabilities and decisionmaking in the family business. Lastly, this study makes recommendations for family and non-family business owners, government, and academics. These recommendations entail family businesses implementing a lucrative dynamic capability model to improve family business performance in the context of South Africa. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-07
- Authors: Pike-Bowles, Angela https://orcid.org/0000-0003-4811-0455
- Date: 2023-07
- Subjects: Family-owned business enterprises -- South Africa -- Decision making , Family-owned business enterprises -- Succession -- South Africa , Management information systems
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28684 , vital:74499
- Description: Family businesses are fundamental for any world economy where they contribute significantly to economic prosperity. However, family firms are faced with new obstacles that are directly affecting their business performance due to the current economic uncertainties and the rapidly changing environments. The implementation of dynamic capabilities is a fundamental strategic tool family firms can exercise to improve their competitive advantage. Although family business research has proliferated over the last 10 years, there are few studies in South Africa investigating the extent to which dynamic capabilities influence family business performance. This study, therefore, had a primary objective to investigate the determinants of family business performance and the role that dynamic capabilities play as mediators and moderators. Studying such a research theme has not received sufficient attention within the family business field, which emphasises the need for such a topic to be investigated. The independent variables for the study entailed dynamic capabilities and decision-making constructs while the dependent variable comprised family business performance. Consequently, the mediating variables included strategic foresight, strategic flexibility, and strategic creativity while the moderating variables included strategic creativity and strategic flexibility. This investigation followed a quantitative methodological logic by employing the questionnaire as the research instrument. In total, 347 family business managers and owners from the eight districts of the Eastern Cape participated in the study. The family businesses were accessed through a convenience sampling technique to identify if their business suited the inclusion criteria of the study. Data analysis was executed through SPSS where the moderation-mediation analysis followed the Hayes process macro through multiple regression analysis. The research findings revealed that there is both a significant positive and mediation relationship between the dynamic capabilities constructs entailing environmental scanning, scenario planning, knowledge creation, culture, and formal organisation with the decision-making constructs of strategic foresight, flexibility, and creativity with family business performance. Interestingly, a moderation relationship does not exist between these constructs and the strategic foresight of the family firm. However, a moderation relationship does exist between the dynamic capabilities constructs of knowledge creation and culture and strategic foresight when moderated by strategic creativity. Thus, family business performance is positively influenced by the said dynamic capabilities and decision-making constructs. The results ultimately provided implications for family businesses with practical advice on the successful implementation and monitoring of dynamic capabilities and decisionmaking in the family business. Lastly, this study makes recommendations for family and non-family business owners, government, and academics. These recommendations entail family businesses implementing a lucrative dynamic capability model to improve family business performance in the context of South Africa. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-07
A framework for understanding the role of culture and the transmission of women entrepreneurship promotion in South Africa
- Karasi, Yvonne https://orcid.org/0000-0001-8822-281X
- Authors: Karasi, Yvonne https://orcid.org/0000-0001-8822-281X
- Date: 2023-06
- Subjects: Women in economic development -- South Africa , Businesswomen -- South Africa , Women-owned business enterprises -- South Africa
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28569 , vital:74421
- Description: Developing countries are increasingly recognising the need for promoting women entrepreneurship. Within Africa, women’s contribution tends to be ignored. Thus, gender discrimination, the lack of finance, limited education, limited technical skills, role conflicts, and culture are among the most cited barriers for women entrepreneurship. Recent literature challenges the notion that all aforementioned factors are barriers to entrepreneurial action. To contribute to knowledge, this study sensitises the culture element. Accordingly, there is a growing body of knowledge that is viewing culture as an enabler (and not a barrier) of women entrepreneurship. Two factors are at the core of this argument: (1) culture, as it is understood, in the contemporary literature is not appropriately conceptualised from an African perspective. (2) The definition of entrepreneurship as it relates to the developing countries is restrictive. These definitions ignore various economic activities undertaken mostly by women, which if carefully considered are indeed entrepreneurship. Therefore, it was appropriate for this thesis to explore the issues of both culture and entrepreneurship within the existing body of literature with the intention of gaining a knowledge of the dynamics of women's entrepreneurship in Africa. The scant research that has been done on the entrepreneurial dynamics of women and, in particular, how culture influences the latter, was recognized as a lacuna in the existing body of literature. Consequently, this study considered cultural determinants of entrepreneurship as well as the transmission of entrepreneurship across generations. The thesis was undertaken using a qualitative methodology. Using snowballing sampling technique, female entrepreneurs from 3 provinces (i.e., Gauteng, Limpopo, and Eastern Cape) in South Africa participated in the study. Data were gathered through in-depth interviews. The transcribed interviews were analyzed using thematic analysis. Findings revealed, among others, that there is a misconception on what constitutes “true African culture.” Thus, results suggest that the conceptualisation of culture in the African context, contrasts the conceptualisation in previous (non-African) literature. Furthermore, some elements of culture are indeed barriers. Interestingly, personal factors such as characteristics of women entrepreneurs and entrepreneurial intentions have also contributed to the barriers to women entrepreneurship. Finally, the study proposes a framework for leveraging culture to be an entrepreneurial enabler for women entrepreneurship. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-06
- Authors: Karasi, Yvonne https://orcid.org/0000-0001-8822-281X
- Date: 2023-06
- Subjects: Women in economic development -- South Africa , Businesswomen -- South Africa , Women-owned business enterprises -- South Africa
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28569 , vital:74421
- Description: Developing countries are increasingly recognising the need for promoting women entrepreneurship. Within Africa, women’s contribution tends to be ignored. Thus, gender discrimination, the lack of finance, limited education, limited technical skills, role conflicts, and culture are among the most cited barriers for women entrepreneurship. Recent literature challenges the notion that all aforementioned factors are barriers to entrepreneurial action. To contribute to knowledge, this study sensitises the culture element. Accordingly, there is a growing body of knowledge that is viewing culture as an enabler (and not a barrier) of women entrepreneurship. Two factors are at the core of this argument: (1) culture, as it is understood, in the contemporary literature is not appropriately conceptualised from an African perspective. (2) The definition of entrepreneurship as it relates to the developing countries is restrictive. These definitions ignore various economic activities undertaken mostly by women, which if carefully considered are indeed entrepreneurship. Therefore, it was appropriate for this thesis to explore the issues of both culture and entrepreneurship within the existing body of literature with the intention of gaining a knowledge of the dynamics of women's entrepreneurship in Africa. The scant research that has been done on the entrepreneurial dynamics of women and, in particular, how culture influences the latter, was recognized as a lacuna in the existing body of literature. Consequently, this study considered cultural determinants of entrepreneurship as well as the transmission of entrepreneurship across generations. The thesis was undertaken using a qualitative methodology. Using snowballing sampling technique, female entrepreneurs from 3 provinces (i.e., Gauteng, Limpopo, and Eastern Cape) in South Africa participated in the study. Data were gathered through in-depth interviews. The transcribed interviews were analyzed using thematic analysis. Findings revealed, among others, that there is a misconception on what constitutes “true African culture.” Thus, results suggest that the conceptualisation of culture in the African context, contrasts the conceptualisation in previous (non-African) literature. Furthermore, some elements of culture are indeed barriers. Interestingly, personal factors such as characteristics of women entrepreneurs and entrepreneurial intentions have also contributed to the barriers to women entrepreneurship. Finally, the study proposes a framework for leveraging culture to be an entrepreneurial enabler for women entrepreneurship. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-06
Foreign direct investment, institutions and economic growth in the selected Southern African Development Community (SADC) countries
- Authors: Onceya, Siyabulela
- Date: 2023-06
- Subjects: Investments, Foreign -- Africa, Southern , Southern African Development Community -- Economic conditions , Economic development -- Africa, Southern
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28672 , vital:74497
- Description: Examining the relationship between economic growth and foreign direct investment (FDI) has been a subject of discussion for many researchers, economists, and policy analysts mainly in developing regions. It is important to note that, recent literature highlights that there are other country-specific conditions such as state of institutions which are important in attracting FDI inflows into a country. Given this, the study analysed the relationship between FDI, institutions and economic growth in the Southern African Development Community (SADC) for the period 1990- 2020. The analysis was carried out at both cross- country (2010 to 2018) and individual country level (1990 to 2018). The main objectives of the study were to review the trends of FDI inflow into the region, institutional framework, and trends economic growth in the region as well as member countries. Secondly, to analyse the impact of FDI inflow and institutions on economic growth in the selected SADC countries. Thirdly, to examine how institutions and other factors determine the amount of FDI inflow to the selected SADC countries an provide policy recommendations. Existing literature has documented the relationship between FDI and economic growth. However, the significance of this study is that it provides an analysis of the impact of FDI inflows on economic growth in the SADC region at both cross-country and country specific level. At cross- country level, the Generalized Methods of Moments (GMM) was utilized as the estimation technique. The empirical results revealed that there exists a positive relationship between FDI and economic growth both in the short run and long run. The results also revealed that institutions in combination with financial sector development have a positive effect on economic growth in the SADC region. This gives support to the complimentary view of the importance of institutions and financial sector development as important factors determining the extent to which FDI influences economic growth. Guided by economic theory which suggests that there is a two-way relationship between FDI and economic growth, granger causality tests were performed to check the direction of effect between the two variables. The empirical results revealed that there is a bi-directional relationship between FDI, institutions and economic growth. This in a way suggest that the past values of each of the variables, explains the current values of the other variables. On the other hand, at country level, utilising the Autoregressive Distributed Lag model, empirical results revealed that the effects of FDI and institutions on economic growth is positive and significant. However, this was not found to be the case for Mauritius and Namibia. Given the significant role played by FDI in promoting economic growth, the study also investigated the factors determining the inflow of FDI into the SADC region focusing on the role played by institutions and other factors utilising GMM technique. The empirical results revealed that, in addition to institutions, financial development, infrastructure, and education also play an important role in determining the inflow of FDI into these countries. To a greater extent the same findings were also established at country level. Of great importance the study recommends that at a country level, countries should develop and adopt policies that strengthen good governance and sound institutions. These policies must be implemented and monitored to attract more FDI both in the short-run and long-run. , Thesis (DCom) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-06
- Authors: Onceya, Siyabulela
- Date: 2023-06
- Subjects: Investments, Foreign -- Africa, Southern , Southern African Development Community -- Economic conditions , Economic development -- Africa, Southern
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28672 , vital:74497
- Description: Examining the relationship between economic growth and foreign direct investment (FDI) has been a subject of discussion for many researchers, economists, and policy analysts mainly in developing regions. It is important to note that, recent literature highlights that there are other country-specific conditions such as state of institutions which are important in attracting FDI inflows into a country. Given this, the study analysed the relationship between FDI, institutions and economic growth in the Southern African Development Community (SADC) for the period 1990- 2020. The analysis was carried out at both cross- country (2010 to 2018) and individual country level (1990 to 2018). The main objectives of the study were to review the trends of FDI inflow into the region, institutional framework, and trends economic growth in the region as well as member countries. Secondly, to analyse the impact of FDI inflow and institutions on economic growth in the selected SADC countries. Thirdly, to examine how institutions and other factors determine the amount of FDI inflow to the selected SADC countries an provide policy recommendations. Existing literature has documented the relationship between FDI and economic growth. However, the significance of this study is that it provides an analysis of the impact of FDI inflows on economic growth in the SADC region at both cross-country and country specific level. At cross- country level, the Generalized Methods of Moments (GMM) was utilized as the estimation technique. The empirical results revealed that there exists a positive relationship between FDI and economic growth both in the short run and long run. The results also revealed that institutions in combination with financial sector development have a positive effect on economic growth in the SADC region. This gives support to the complimentary view of the importance of institutions and financial sector development as important factors determining the extent to which FDI influences economic growth. Guided by economic theory which suggests that there is a two-way relationship between FDI and economic growth, granger causality tests were performed to check the direction of effect between the two variables. The empirical results revealed that there is a bi-directional relationship between FDI, institutions and economic growth. This in a way suggest that the past values of each of the variables, explains the current values of the other variables. On the other hand, at country level, utilising the Autoregressive Distributed Lag model, empirical results revealed that the effects of FDI and institutions on economic growth is positive and significant. However, this was not found to be the case for Mauritius and Namibia. Given the significant role played by FDI in promoting economic growth, the study also investigated the factors determining the inflow of FDI into the SADC region focusing on the role played by institutions and other factors utilising GMM technique. The empirical results revealed that, in addition to institutions, financial development, infrastructure, and education also play an important role in determining the inflow of FDI into these countries. To a greater extent the same findings were also established at country level. Of great importance the study recommends that at a country level, countries should develop and adopt policies that strengthen good governance and sound institutions. These policies must be implemented and monitored to attract more FDI both in the short-run and long-run. , Thesis (DCom) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-06
Financial sector development, financial innovation and economic growth: case of a selected SADC countries
- Mpukumpa, Siphosethu https://orcid.org/0000-0001-7342-8751
- Authors: Mpukumpa, Siphosethu https://orcid.org/0000-0001-7342-8751
- Date: 2023-04
- Subjects: Financial services industry -- Africa, Southern , Investments -- Africa, Southern , Economic development -- Africa, Southern
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26852 , vital:66036
- Description: The financial sector plays a pivotal role in an economy of a country; hence the importance of financial sector development cannot be underestimated. Financial sector development is widely regarded as another conduit through which financial innovation and economic growth can be alleviated. The study firstly empirically examines the effect of financial sector development on financial innovation and also the impact of financial sector development and financial innovation on economic growth in selected Southern African Development Community (SADC) countries, employing the Generalized Method of Moments (GMM) technique for the period 1990 to 2020. Empirical results revealed that financial sector development overall does have an impact on financial innovation in the selected SADC countries. And also, financial sector development together with financial innovation does have an impact on economic growth in the selected SADC countries. However, on the relationship between financial system stability, financial innovation and economic growth, results reveal that a stable financial system is beneficial to new technological advancement and improved economic growth. Therefore, the overall findings from the study indicate that financial access or financial inclusion and financial stability is what increases financial innovation and boosts economic growth instead of mere financial sector development at a broader level. , Thesis (MCom) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-04
- Authors: Mpukumpa, Siphosethu https://orcid.org/0000-0001-7342-8751
- Date: 2023-04
- Subjects: Financial services industry -- Africa, Southern , Investments -- Africa, Southern , Economic development -- Africa, Southern
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26852 , vital:66036
- Description: The financial sector plays a pivotal role in an economy of a country; hence the importance of financial sector development cannot be underestimated. Financial sector development is widely regarded as another conduit through which financial innovation and economic growth can be alleviated. The study firstly empirically examines the effect of financial sector development on financial innovation and also the impact of financial sector development and financial innovation on economic growth in selected Southern African Development Community (SADC) countries, employing the Generalized Method of Moments (GMM) technique for the period 1990 to 2020. Empirical results revealed that financial sector development overall does have an impact on financial innovation in the selected SADC countries. And also, financial sector development together with financial innovation does have an impact on economic growth in the selected SADC countries. However, on the relationship between financial system stability, financial innovation and economic growth, results reveal that a stable financial system is beneficial to new technological advancement and improved economic growth. Therefore, the overall findings from the study indicate that financial access or financial inclusion and financial stability is what increases financial innovation and boosts economic growth instead of mere financial sector development at a broader level. , Thesis (MCom) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-04
Effectiveness and efficiency of monitoring and evaluation system in municipal infrastructure grant projects: a case study O.R Tambo District Municipality
- Authors: Dlelaphantsi, Vuyokazi
- Date: 2023-03
- Subjects: Municipal finance -- South Africa , Municipal services -- Finance -- South Africa , Infrastructure (Economics) -- South Africa
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28534 , vital:74398
- Description: The Municipal Infrastructure Grant (MIG) was established in order to alleviate poverty and provide the environment for local economic development by providing financial assistance to municipalities for the construction of infrastructure. Many municipalities, including the O.R. Tambo District Municipality, have failed to deliver infrastructure that is adequate and long-lasting, as seen by the numerous protests that have taken place around the metropolis. With this study, the effectiveness and efficiency of Municipal Infrastructure Grant (MIG) projects supported by the Municipal Infrastructure Grant (MIG) in the O.R. Tambo District Municipality was evaluated (ORTDM). The data for this study was gathered through the use of a mixed-method research strategy. 15 people of the community completed a structured questionnaire on a Likert scale, and 13 ORTDM experts completed a semi-structured questionnaire. For analysing quantitative data, descriptive and inferential statistics were utilised, and when analysing qualitative data, a theme analysis was used. The findings of this study revealed that: • There is a disparity between theory and practice regarding the achievement of the objectives of the MIG and the implementation of M&E Systems in ORTDM. Whilst the professionals at ORTDM are knowledgeable of the processes or frameworks to ensure that all work plans and budgets are being maintained, community members are adamant that the objectives of the MIG projects are not being achieved, and M&E Systems are poorly applied at ORTDM. • There is a great disparity between the views of the professionals who believed that many strengths or merits are associated with the Monitoring and Evaluation Systems for MIG Projects at the ORTDM and the community members who revealed many inefficiencies and weaknesses in current M&E systems in MIG projects in ORTDM. • It is possible that the ORTDM is falling behind in the provision of services to its communities. • Projects that are well managed and provide economic advantages as well as better quality of life to all dwellers within their poor communities, as is the case at ORTDM, elicit greater interest and satisfaction from community members. The supply of essential utilities including drinking water, sanitary facilities, roadways, and public lighting are all included in these projects. Professionals at ORTDM had divergent views regarding compliance by ORTDM with existing M&E policy and the condition attached to MIG Funding. The professionals at ORTDM believe that ORTDM can address issues of infrastructure backlog, and the project management structure, current projects, key players and their roles, policies and guidelines that guide the overall monitoring and evaluation work are well defined. On the other hand, feedback from the community members revealed a lack of compliance by ORTDM with existing M&E policies and the condition attached to MIG Funding. In general, inadequate governance coexists with an extensive and complex regulatory framework designed to enhance outcomes in MIG projects at ORTDM. As a result, it's possible to conclude that ORTDM's generally weak governance of MIG projects is due to a lack of compliance rather than any serious regulatory deficiencies. That is, rather than a lack of legislation, governance problems are the result of officials failing to implement legal regulations. Considering the myriads of service delivery challenges that have been identified in MIG projects at ORTDM, the proposed recommendations for enhancing transparency and accountability in MIG projects at ORTDM are very significant. Recommendations such as intervention by the national treasury, enhancing community participation, physical verification of projects, strengthening of political oversight committees, etc., are crucial and extremely relevant because they emanated from the actors (ORTDM professionals) who are conversant with the challenges of the MIG projects at ORTDM. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-03
- Authors: Dlelaphantsi, Vuyokazi
- Date: 2023-03
- Subjects: Municipal finance -- South Africa , Municipal services -- Finance -- South Africa , Infrastructure (Economics) -- South Africa
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28534 , vital:74398
- Description: The Municipal Infrastructure Grant (MIG) was established in order to alleviate poverty and provide the environment for local economic development by providing financial assistance to municipalities for the construction of infrastructure. Many municipalities, including the O.R. Tambo District Municipality, have failed to deliver infrastructure that is adequate and long-lasting, as seen by the numerous protests that have taken place around the metropolis. With this study, the effectiveness and efficiency of Municipal Infrastructure Grant (MIG) projects supported by the Municipal Infrastructure Grant (MIG) in the O.R. Tambo District Municipality was evaluated (ORTDM). The data for this study was gathered through the use of a mixed-method research strategy. 15 people of the community completed a structured questionnaire on a Likert scale, and 13 ORTDM experts completed a semi-structured questionnaire. For analysing quantitative data, descriptive and inferential statistics were utilised, and when analysing qualitative data, a theme analysis was used. The findings of this study revealed that: • There is a disparity between theory and practice regarding the achievement of the objectives of the MIG and the implementation of M&E Systems in ORTDM. Whilst the professionals at ORTDM are knowledgeable of the processes or frameworks to ensure that all work plans and budgets are being maintained, community members are adamant that the objectives of the MIG projects are not being achieved, and M&E Systems are poorly applied at ORTDM. • There is a great disparity between the views of the professionals who believed that many strengths or merits are associated with the Monitoring and Evaluation Systems for MIG Projects at the ORTDM and the community members who revealed many inefficiencies and weaknesses in current M&E systems in MIG projects in ORTDM. • It is possible that the ORTDM is falling behind in the provision of services to its communities. • Projects that are well managed and provide economic advantages as well as better quality of life to all dwellers within their poor communities, as is the case at ORTDM, elicit greater interest and satisfaction from community members. The supply of essential utilities including drinking water, sanitary facilities, roadways, and public lighting are all included in these projects. Professionals at ORTDM had divergent views regarding compliance by ORTDM with existing M&E policy and the condition attached to MIG Funding. The professionals at ORTDM believe that ORTDM can address issues of infrastructure backlog, and the project management structure, current projects, key players and their roles, policies and guidelines that guide the overall monitoring and evaluation work are well defined. On the other hand, feedback from the community members revealed a lack of compliance by ORTDM with existing M&E policies and the condition attached to MIG Funding. In general, inadequate governance coexists with an extensive and complex regulatory framework designed to enhance outcomes in MIG projects at ORTDM. As a result, it's possible to conclude that ORTDM's generally weak governance of MIG projects is due to a lack of compliance rather than any serious regulatory deficiencies. That is, rather than a lack of legislation, governance problems are the result of officials failing to implement legal regulations. Considering the myriads of service delivery challenges that have been identified in MIG projects at ORTDM, the proposed recommendations for enhancing transparency and accountability in MIG projects at ORTDM are very significant. Recommendations such as intervention by the national treasury, enhancing community participation, physical verification of projects, strengthening of political oversight committees, etc., are crucial and extremely relevant because they emanated from the actors (ORTDM professionals) who are conversant with the challenges of the MIG projects at ORTDM. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-03
The nexus between capital inflows, financial sector development and domestic investment in selected southern African development community countries
- Zulani, Sihle https://orcid.org/0009-0006-7067-5793
- Authors: Zulani, Sihle https://orcid.org/0009-0006-7067-5793
- Date: 2023-03
- Subjects: Capital movements -- Africa, Southern , Saving and investment -- Africa, Southern , Financial services industry -- Africa, Southern
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/28872 , vital:75154
- Description: The study seeks to examine the nexus between foreign capital inflows as proxied by foreign direct investment and overseas development assistance, financial sector development as measured by domestic credit to private sector and broad money supply (M3) and domestic investment [gross fixed capital formation] in selected Southern African Development Community (SADC) countries. Panel data model, specifically the panel Autoregressive Distributed Lag technique given the order of integration of the variables utilised in the study was employed from 1980 to 2019. The results revealed that there is cointegration among the variables utilised. After confirming cointegration, the long-run and short run models were estimated to establish the relationship between the variables. The long-run results revealed that about 67% of domestic investment in the SADC region is generated through foreign direct investment. These results suggest that domestic investment is boosted by foreign direct investment in the SADC region. However, financial sector development was found to have a negative effect on domestic investment in the SADC region. The findings from this study suggest that countries should pursue policies aimed at attracting FDI into the SADC region given the positive effect it has on investment. On the part of financial sector development, this could be attributed to the sector not supporting most of the domestic investment given that most of them are small and do not access bank finance. , Thesis (MCom) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-03
- Authors: Zulani, Sihle https://orcid.org/0009-0006-7067-5793
- Date: 2023-03
- Subjects: Capital movements -- Africa, Southern , Saving and investment -- Africa, Southern , Financial services industry -- Africa, Southern
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/28872 , vital:75154
- Description: The study seeks to examine the nexus between foreign capital inflows as proxied by foreign direct investment and overseas development assistance, financial sector development as measured by domestic credit to private sector and broad money supply (M3) and domestic investment [gross fixed capital formation] in selected Southern African Development Community (SADC) countries. Panel data model, specifically the panel Autoregressive Distributed Lag technique given the order of integration of the variables utilised in the study was employed from 1980 to 2019. The results revealed that there is cointegration among the variables utilised. After confirming cointegration, the long-run and short run models were estimated to establish the relationship between the variables. The long-run results revealed that about 67% of domestic investment in the SADC region is generated through foreign direct investment. These results suggest that domestic investment is boosted by foreign direct investment in the SADC region. However, financial sector development was found to have a negative effect on domestic investment in the SADC region. The findings from this study suggest that countries should pursue policies aimed at attracting FDI into the SADC region given the positive effect it has on investment. On the part of financial sector development, this could be attributed to the sector not supporting most of the domestic investment given that most of them are small and do not access bank finance. , Thesis (MCom) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-03
Towards an effective model for improving Water Sanitation and Hygiene (WASH) by local authorities in Zimbabwe: a case of Runde Rural District Council (RRDC)
- Authors: Matunhu, Patience S
- Date: 2023-03
- Subjects: Sanitation, Rural -- Health and hygiene -- Zimbabwe , Water-supply, Rural -- Zimbabwe , Public health administration
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28617 , vital:74475
- Description: This study is concerned with public service provision with reference to water, sanitation and hygiene (WASH) programming in Runde Rural District in Zimbabwe. This thesis is informed by the Stakeholder theory by Freeman and the Stewardship theory by Donaldson and Davis. The Stakeholder theory emphasises the importance of harnessing the comparative advantages of various stakeholders in rural WASH. Stewardship theorists believe that public administrators and stakeholders have no conflict of interest and that Government creates systems and processes that promote cooperation between them. An anti-positivist or interpretivist case study was conducted. In -depth interviews, observation and documentary analysis were the chief information collection instruments. Twenty (20) participants were purposively selected to participate. The thesis unearthed factors constraining improved WASH services. Local level opportunities for improving WASH programming were identified and used to build a model for effective service delivery in the community. The study recommended establishment of WASH champions at village level, to ensure provision of WASH at household level. The WASH committees at village, community and district level should be inclusive, constituted on the basis of merit and dedication. The thesis ends with the suggestion that further studies that focus on other rural districts in Zimbabwe be carried out. This thesis contributes greatly to this field of study in that it will ensure that the Runde Rural District Council will adopt a stakeholder inclusivity model to address the lack of Water Sanitation and hygiene in their area. The bottom-up approach ensures that all stakeholders have a say in Water Sanitation and Hygiene policy making processes so that the decisions made can be relevant to their challenges in accessing Water Sanitation and Hygiene. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-03
- Authors: Matunhu, Patience S
- Date: 2023-03
- Subjects: Sanitation, Rural -- Health and hygiene -- Zimbabwe , Water-supply, Rural -- Zimbabwe , Public health administration
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28617 , vital:74475
- Description: This study is concerned with public service provision with reference to water, sanitation and hygiene (WASH) programming in Runde Rural District in Zimbabwe. This thesis is informed by the Stakeholder theory by Freeman and the Stewardship theory by Donaldson and Davis. The Stakeholder theory emphasises the importance of harnessing the comparative advantages of various stakeholders in rural WASH. Stewardship theorists believe that public administrators and stakeholders have no conflict of interest and that Government creates systems and processes that promote cooperation between them. An anti-positivist or interpretivist case study was conducted. In -depth interviews, observation and documentary analysis were the chief information collection instruments. Twenty (20) participants were purposively selected to participate. The thesis unearthed factors constraining improved WASH services. Local level opportunities for improving WASH programming were identified and used to build a model for effective service delivery in the community. The study recommended establishment of WASH champions at village level, to ensure provision of WASH at household level. The WASH committees at village, community and district level should be inclusive, constituted on the basis of merit and dedication. The thesis ends with the suggestion that further studies that focus on other rural districts in Zimbabwe be carried out. This thesis contributes greatly to this field of study in that it will ensure that the Runde Rural District Council will adopt a stakeholder inclusivity model to address the lack of Water Sanitation and hygiene in their area. The bottom-up approach ensures that all stakeholders have a say in Water Sanitation and Hygiene policy making processes so that the decisions made can be relevant to their challenges in accessing Water Sanitation and Hygiene. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-03
The impact of fiscal and monetary policies on manufacturing sector performance in South Africa
- Authors: Hunter, Desireѐ
- Date: 2023
- Subjects: Manufacturing industries -- South Africa , Fiscal policy -- South Africa , Monetary policy -- South Africa
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28549 , vital:74417
- Description: Regulatory authorities have to date utilised a strategic blend of fiscal and monetary policies in dealing with the unique set of macroeconomic conditions facing South Africa. Government policy intervention has significant implications for economic growth and output within the manufacturing environment. Heterogeneity has also been discerned in relation to the responsiveness of various industries within the manufacturing sector towards both fiscal and monetary policy variable variations. However, given weakened growth prospects, policy alignment issues have been observed. The purpose of this study was firstly, to examine the impact of fiscal and monetary variables on manufacturing sector output in South Africa and secondly, to analyse the manufacturing industry significance of the various monetary transmission mechanism channels. The study made use of quarterly and monthly data to achieve these stated objectives, dated between 1998 and 2020. To achieve the first objective, the study employed the Autoregressive Distributed Lag (ARDL) model given the order of integration of the variables. The empirical results revealed significant, positive relations between tax revenue, deficit financing, nominal effective exchange rate (NEER) and money supply (M3) for total manufacturing (LTOTAL). Contrastingly, there were negative links between LTOTAL, government spending and the lending rate. At a disaggregated industry level, there were positive relations with tax revenue in food and wood industries, although tax revenue was significantly negative for metals. Likewise, to LTOTAL, linkages with spending were significantly negative for wood and metal industries but positive for chemicals. Negative spending signage could be a result of crowding-out. For deficit financing, positive associations within chemicals did not conform to expectations. Similarly, to LTOTAL, wood and metal industries conformed to expectations of negative relations with the lending rate. In respect of the NEER in food and wood production, significant, positive links were established. Contrastingly, a negative linkage existed for chemical activities at the 5% level. Concerning M3 and akin to LTOTAL, the relation with metal industries was positive. However, negative findings for food and chemicals contradicted expectations, suggesting money supply was not efficiently utilised in managing monetary variables in the long-term. The second objective of the study focused on analysing manufacturing industry significance of the various monetary transmission mechanism channels. The Vector Error Correction Model (VECM) were employed to analyse the relationship between the variables. Impulse response and variance decomposition were also constructed to further trace which channel is more significant in influencing manufacturing output. The empirical results revealed that the interest rate channel occupied a relatively significant role in both LTOTAL and several selected manufacturing industries. Shocks accounted for 9.71%, 11.96% and 14.28% of the variance in LTOTAL, metal and chemical industries. The asset price channel also appeared relatively significant, with shocks to the FTSE/JSE all-share index explaining 18.21% and 21.13% of the variation in food and wood production, signifying the most relevant channel for these particular industries and representing the second most important channel for LTOTAL and the other remaining industries. The exchange rate channel also presented as being a more relevant channel for food and wood, but occupied little role in LTOTAL, whilst the credit channel was relatively ineffectual for both LTOTAL and all industries examined. The results obtained imply that government should exercise caution and demonstrate fiscal restraint and that the South African Reserve Bank (SARB) need to take greater consideration of output fluctuations in monetary policy setting. Research has dictated that an expansionary fiscal policy is generally required as a means to achieving increased growth. However, findings obtained at both the aggregate and disaggregated manufacturing level in South Africa largely varied. This implies significant heterogeneity within the South African manufacturing sector in respect of fiscal policy responses. Expansionary fiscal stimulus packages need to be better targeted towards industries that will most benefit. Similarly, monetary policy responses at the aggregate and disaggregated manufacturing level in South Africa were heterogeneous and furthermore, differed when examining combined policy impacts. There was also a heterogeneous response with respect to relevance of the channels, via which monetary policy operated, with the interest rate channel dominating. SARB do take into consideration output fluctuations in policy setting but this is not currently emphasised or legislated. , Thesis (DCom) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023
- Authors: Hunter, Desireѐ
- Date: 2023
- Subjects: Manufacturing industries -- South Africa , Fiscal policy -- South Africa , Monetary policy -- South Africa
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28549 , vital:74417
- Description: Regulatory authorities have to date utilised a strategic blend of fiscal and monetary policies in dealing with the unique set of macroeconomic conditions facing South Africa. Government policy intervention has significant implications for economic growth and output within the manufacturing environment. Heterogeneity has also been discerned in relation to the responsiveness of various industries within the manufacturing sector towards both fiscal and monetary policy variable variations. However, given weakened growth prospects, policy alignment issues have been observed. The purpose of this study was firstly, to examine the impact of fiscal and monetary variables on manufacturing sector output in South Africa and secondly, to analyse the manufacturing industry significance of the various monetary transmission mechanism channels. The study made use of quarterly and monthly data to achieve these stated objectives, dated between 1998 and 2020. To achieve the first objective, the study employed the Autoregressive Distributed Lag (ARDL) model given the order of integration of the variables. The empirical results revealed significant, positive relations between tax revenue, deficit financing, nominal effective exchange rate (NEER) and money supply (M3) for total manufacturing (LTOTAL). Contrastingly, there were negative links between LTOTAL, government spending and the lending rate. At a disaggregated industry level, there were positive relations with tax revenue in food and wood industries, although tax revenue was significantly negative for metals. Likewise, to LTOTAL, linkages with spending were significantly negative for wood and metal industries but positive for chemicals. Negative spending signage could be a result of crowding-out. For deficit financing, positive associations within chemicals did not conform to expectations. Similarly, to LTOTAL, wood and metal industries conformed to expectations of negative relations with the lending rate. In respect of the NEER in food and wood production, significant, positive links were established. Contrastingly, a negative linkage existed for chemical activities at the 5% level. Concerning M3 and akin to LTOTAL, the relation with metal industries was positive. However, negative findings for food and chemicals contradicted expectations, suggesting money supply was not efficiently utilised in managing monetary variables in the long-term. The second objective of the study focused on analysing manufacturing industry significance of the various monetary transmission mechanism channels. The Vector Error Correction Model (VECM) were employed to analyse the relationship between the variables. Impulse response and variance decomposition were also constructed to further trace which channel is more significant in influencing manufacturing output. The empirical results revealed that the interest rate channel occupied a relatively significant role in both LTOTAL and several selected manufacturing industries. Shocks accounted for 9.71%, 11.96% and 14.28% of the variance in LTOTAL, metal and chemical industries. The asset price channel also appeared relatively significant, with shocks to the FTSE/JSE all-share index explaining 18.21% and 21.13% of the variation in food and wood production, signifying the most relevant channel for these particular industries and representing the second most important channel for LTOTAL and the other remaining industries. The exchange rate channel also presented as being a more relevant channel for food and wood, but occupied little role in LTOTAL, whilst the credit channel was relatively ineffectual for both LTOTAL and all industries examined. The results obtained imply that government should exercise caution and demonstrate fiscal restraint and that the South African Reserve Bank (SARB) need to take greater consideration of output fluctuations in monetary policy setting. Research has dictated that an expansionary fiscal policy is generally required as a means to achieving increased growth. However, findings obtained at both the aggregate and disaggregated manufacturing level in South Africa largely varied. This implies significant heterogeneity within the South African manufacturing sector in respect of fiscal policy responses. Expansionary fiscal stimulus packages need to be better targeted towards industries that will most benefit. Similarly, monetary policy responses at the aggregate and disaggregated manufacturing level in South Africa were heterogeneous and furthermore, differed when examining combined policy impacts. There was also a heterogeneous response with respect to relevance of the channels, via which monetary policy operated, with the interest rate channel dominating. SARB do take into consideration output fluctuations in policy setting but this is not currently emphasised or legislated. , Thesis (DCom) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023
The nature of competition in the banking sector and its effect on financial inclusion in South Africa
- Ngonyama, Nomasomi https://orcid.org/0000-0002-7536-9297
- Authors: Ngonyama, Nomasomi https://orcid.org/0000-0002-7536-9297
- Date: 2023
- Subjects: Banks and banking -- South Africa , Competition -- South Africa , Financial services industry
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28661 , vital:74492
- Description: Competition and access to financial services are lauded as key ingredients in the fight against poverty. While competition enhances markets, fosters innovation, productivity and growth, financial inclusion allows the poor to save, access credit and insurance thereby allowing them to meaningfully contribute to economic growth and also smooth their consumption. Moreover, competition reduces the cost of finance, thereby further expanding the availability of financial services. This suggests an important relationship between competition in the banking sector and financial inclusion. Research in this area is still in its infancy and little consensus exists on both whether the relationship is a robust one or not. There is no unanimity on the direction of causality or whether competition in the financial sector is good or bad for markets. This study examines the nexus between banking competition and financial inclusion in Upper-middle income countries. It employed a panel data set over the period 2011-2017 and Generalized Methods of Moments technique was employed to answer this enquiry. The findings of this study suggest that market power is not bad for financial inclusion in upper-middle income countries. Moreover, the study found that bank competition does not matter in banking the unbanked population in Upper-middle income countries. The implication of the findings of this study is that the focus of the policy makers should not be on policies that reduces concentration and market power in the banking sector, but be on measures that encourages contestability. The threat of entry is sufficient to make banks behave in a competitive manner. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023
- Authors: Ngonyama, Nomasomi https://orcid.org/0000-0002-7536-9297
- Date: 2023
- Subjects: Banks and banking -- South Africa , Competition -- South Africa , Financial services industry
- Language: English
- Type: Doctoral theses , text
- Identifier: http://hdl.handle.net/10353/28661 , vital:74492
- Description: Competition and access to financial services are lauded as key ingredients in the fight against poverty. While competition enhances markets, fosters innovation, productivity and growth, financial inclusion allows the poor to save, access credit and insurance thereby allowing them to meaningfully contribute to economic growth and also smooth their consumption. Moreover, competition reduces the cost of finance, thereby further expanding the availability of financial services. This suggests an important relationship between competition in the banking sector and financial inclusion. Research in this area is still in its infancy and little consensus exists on both whether the relationship is a robust one or not. There is no unanimity on the direction of causality or whether competition in the financial sector is good or bad for markets. This study examines the nexus between banking competition and financial inclusion in Upper-middle income countries. It employed a panel data set over the period 2011-2017 and Generalized Methods of Moments technique was employed to answer this enquiry. The findings of this study suggest that market power is not bad for financial inclusion in upper-middle income countries. Moreover, the study found that bank competition does not matter in banking the unbanked population in Upper-middle income countries. The implication of the findings of this study is that the focus of the policy makers should not be on policies that reduces concentration and market power in the banking sector, but be on measures that encourages contestability. The threat of entry is sufficient to make banks behave in a competitive manner. , Thesis (PhD) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023
An assessment of youth empowerment programmes and job creation opportunities: a case of Mhlontlo Local Municipality
- Authors: Mabono, Tumeka Patricia
- Date: 2023-01
- Subjects: Youth -- Employment -- South Africa , Job creation -- Youth -- South Africa , Youth -- Services for -- South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26874 , vital:66038
- Description: Youth unemployment is a major policy concern in South Africa. This study aimed to assess youth programmes and job creation opportunities in Mhlontlo Local Municipality. This study intended to: 1. Examine the context, purpose, objectives, assumptions and claims of the national youth empowerment policy on job creation, 2. To assess the implementation of the youth empowerment programs in Mhlontlo Local Municipality for improved job creation, and lastly 3. To provide suitable recommendations on improving youth empowerment programmes and job creation in Mhlontlo Local Municipality. This study adopted a qualitative research design, that included and adapted the use of semi structured interviews and focus groups discussions in the context of COVID 19 regulations. The key findings from the analysis of data included the following – • The Mhlontlo Local Municipality has not developed its own local youth development and empowerment policy. • The design limitations in the theory of change of the National Youth Policy negatively affected the implementation of youth programmes in Mhlontlo Municipality • Mhlontlo Local Municipality’s implementation of youth programme failed to achieve its outcomes of creating a sustainable employment for youth. • There was distinct difference between the espoused views of municipal managers and actual experience of implementation of youth programmes the Mhlontlo Local Municipality that impacted negatively on the implementation of the youth development programme. • Their leadership buy-in and championship for youth development in Mhlontlo Local Municipality from selected managers in the municipality and but not from the political office. • There was lack of transparency and communication mechanisms by Mhlontlo Local Municipality the for-youth participation and engagement with of all stakeholders in decision making. , Thesis (MPA) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-01
- Authors: Mabono, Tumeka Patricia
- Date: 2023-01
- Subjects: Youth -- Employment -- South Africa , Job creation -- Youth -- South Africa , Youth -- Services for -- South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26874 , vital:66038
- Description: Youth unemployment is a major policy concern in South Africa. This study aimed to assess youth programmes and job creation opportunities in Mhlontlo Local Municipality. This study intended to: 1. Examine the context, purpose, objectives, assumptions and claims of the national youth empowerment policy on job creation, 2. To assess the implementation of the youth empowerment programs in Mhlontlo Local Municipality for improved job creation, and lastly 3. To provide suitable recommendations on improving youth empowerment programmes and job creation in Mhlontlo Local Municipality. This study adopted a qualitative research design, that included and adapted the use of semi structured interviews and focus groups discussions in the context of COVID 19 regulations. The key findings from the analysis of data included the following – • The Mhlontlo Local Municipality has not developed its own local youth development and empowerment policy. • The design limitations in the theory of change of the National Youth Policy negatively affected the implementation of youth programmes in Mhlontlo Municipality • Mhlontlo Local Municipality’s implementation of youth programme failed to achieve its outcomes of creating a sustainable employment for youth. • There was distinct difference between the espoused views of municipal managers and actual experience of implementation of youth programmes the Mhlontlo Local Municipality that impacted negatively on the implementation of the youth development programme. • Their leadership buy-in and championship for youth development in Mhlontlo Local Municipality from selected managers in the municipality and but not from the political office. • There was lack of transparency and communication mechanisms by Mhlontlo Local Municipality the for-youth participation and engagement with of all stakeholders in decision making. , Thesis (MPA) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-01
The impact of domestic investment on economic growth in South Africa: a Sectoral Approach (1993 to 2020)
- Hobongwana, Khungile Goodwell https://orcid.org/0000-0003-0223-7370
- Authors: Hobongwana, Khungile Goodwell https://orcid.org/0000-0003-0223-7370
- Date: 2023-01
- Subjects: Economic development -- South Africa , Investments -- South Africa , Gross domestic product
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26753 , vital:65982
- Description: This study examined the impact of domestic investment on economic growth in South Africa: a sectoral approach from 1993 to 2020. The overall results as discussed by panel data ARDL revealed that domestic investment has an impact on at least one sectoral economic growth in South Africa in the long run. The panel data ARDL test reveals that domestic investment, employment, imports and exports have a significant correlation to influence GDP in the long run in at least one of the sectors. A pairwise Dumitrescu Hurlin panel causality tests determine that domestic investment (DI) does not homogeneously cause gross domestic product (GDP). This is because in South Africa the sectoral or structural change development relies much on foreign direct investment (FDI) rather than domestic investment, hence the negative homogeneous results. Therefore, we need to attract DI as the result shows, because a positive relationship can be expected between domestic investment and economic growth in line with the Keynesian theory where investment is expected to promote economic growth. The new-endogenous growth theory of investment that can be applied in detecting the effect of aggregate and disaggregate domestic investment on sectoral economic growth and aggregate economic growth. , Thesis (MCom) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-01
- Authors: Hobongwana, Khungile Goodwell https://orcid.org/0000-0003-0223-7370
- Date: 2023-01
- Subjects: Economic development -- South Africa , Investments -- South Africa , Gross domestic product
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26753 , vital:65982
- Description: This study examined the impact of domestic investment on economic growth in South Africa: a sectoral approach from 1993 to 2020. The overall results as discussed by panel data ARDL revealed that domestic investment has an impact on at least one sectoral economic growth in South Africa in the long run. The panel data ARDL test reveals that domestic investment, employment, imports and exports have a significant correlation to influence GDP in the long run in at least one of the sectors. A pairwise Dumitrescu Hurlin panel causality tests determine that domestic investment (DI) does not homogeneously cause gross domestic product (GDP). This is because in South Africa the sectoral or structural change development relies much on foreign direct investment (FDI) rather than domestic investment, hence the negative homogeneous results. Therefore, we need to attract DI as the result shows, because a positive relationship can be expected between domestic investment and economic growth in line with the Keynesian theory where investment is expected to promote economic growth. The new-endogenous growth theory of investment that can be applied in detecting the effect of aggregate and disaggregate domestic investment on sectoral economic growth and aggregate economic growth. , Thesis (MCom) -- Faculty of Management and Commerce, 2023
- Full Text:
- Date Issued: 2023-01
An assessment of the role of the Speaker in the management of the National Assembly: the case of a democratic South Africa
- Authors: Lunyawo, Sipho
- Date: 2022-12
- Subjects: Legislative bodies -- South Africa -- Presiding officers , Mediation -- South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26742 , vital:65976
- Description: This study interrogates the role of the Speaker in the management of the National Assembly in post-apartheid South Africa. The major focus is on the tenure of the fifth Speaker which was marked with widespread parliament disruptions largely orchestrated by opposition parties. The research employed a qualitative secondary data methodology in which data was collected from secondary sources such as government documents and newspapers. Content analysis and critical discourse analysis were used to analyze data. The Study found that the Speaker plays a fundamental role in the management of the National Assembly. Nevertheless, the study also established that there are numerous challenges faced by the Speaker in the management of the National Assembly. The challenges include mediating the chaos and conflicts among members. The study also established the nature and causes of chaos in the House as well as the efforts put in place by the Speaker to encourage fair debate among MPs. The study concludes that the role of the Speaker in monitoring and regulating the House is crucial in ensuring that there is order in the House at any given time. This is also because the Speaker plays a fundamental role as the Peacekeeper of the House and this emanates from the Speaker’s role in the management of the House. Based on the findings and conclusions of the Study, three recommendations were put forward and these are; embracing a system where the Speaker is independent, introducing hefty penalties against deliberate misconduct, and the use of previous unfavorable incidents to amend the rules of the House. , Thesis (MPA) -- Faculty of Management and Commerce, 2022
- Full Text:
- Date Issued: 2022-12
- Authors: Lunyawo, Sipho
- Date: 2022-12
- Subjects: Legislative bodies -- South Africa -- Presiding officers , Mediation -- South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26742 , vital:65976
- Description: This study interrogates the role of the Speaker in the management of the National Assembly in post-apartheid South Africa. The major focus is on the tenure of the fifth Speaker which was marked with widespread parliament disruptions largely orchestrated by opposition parties. The research employed a qualitative secondary data methodology in which data was collected from secondary sources such as government documents and newspapers. Content analysis and critical discourse analysis were used to analyze data. The Study found that the Speaker plays a fundamental role in the management of the National Assembly. Nevertheless, the study also established that there are numerous challenges faced by the Speaker in the management of the National Assembly. The challenges include mediating the chaos and conflicts among members. The study also established the nature and causes of chaos in the House as well as the efforts put in place by the Speaker to encourage fair debate among MPs. The study concludes that the role of the Speaker in monitoring and regulating the House is crucial in ensuring that there is order in the House at any given time. This is also because the Speaker plays a fundamental role as the Peacekeeper of the House and this emanates from the Speaker’s role in the management of the House. Based on the findings and conclusions of the Study, three recommendations were put forward and these are; embracing a system where the Speaker is independent, introducing hefty penalties against deliberate misconduct, and the use of previous unfavorable incidents to amend the rules of the House. , Thesis (MPA) -- Faculty of Management and Commerce, 2022
- Full Text:
- Date Issued: 2022-12
Effectiveness of monetary policy transmission mechanism: the case of selected SADC countries
- Tengwa, Anakho https://orcid.org/0000-0002-0700-8668
- Authors: Tengwa, Anakho https://orcid.org/0000-0002-0700-8668
- Date: 2022-12
- Subjects: Monetary policy -- Africa, Southern , Transmission mechanism (Monetary policy) -- Africa, Southern , Economic development -- Africa, Southern
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26863 , vital:66037
- Description: Monetary policy plays a significant role in countries economic development. The variability in inflation in the SADC region provides room to question the Effectiveness of the transmission of monetary policy as these countries experience inflation in different ways. The study analyses the effectiveness of monetary policy transmission mechanism on the selected 5 SADC countries, South Africa, Botswana, Mauritius, Tanzania, and Zambia. The selection of the countries was mainly based on data availability. To answer the study hypothesis, the study used secondary data from different data sources, employing the Vector Autoregression Regression. The different channels analysed include the exchange rate, interest rates as well as credit channel to measure monetary policy tools. The main variables are, Gross Domestic Product (GDP), Consumer Price Index (CPI)cpi and money supply. Panel unit root was tested to test the stationarity of the variables and the appropriate lag length was determined. Panel VAR model was estimated where the focus was mainly on variance decomposition and impulse response. Then lastly the stability of the model was tested using diagnostic test. The results revealed that interest rates channel and exchange rate channel have a more significant effect in explaining the transmission of macroeconomic shock to the rest of the economy through gpd and cpi. While the credit channel mostly transmits to the rest of the economy through money supply and cpi, its effects from GDP are rather insignificant. It is also noted that interest rates serve as the dominant channel in transmitting monetary policy shocks to the rest of the economy. When central banks decrease prime lending rates for commercial banks, this is passed to consumers making it less expensive to borrow. In the long run, attracts foreign investors which harms the domestic currency. The author has noted that future research could focus on how asset price channel affects the economy. , Thesis (MCom) -- Faculty of Management and Commerce, 2022
- Full Text:
- Date Issued: 2022-12
- Authors: Tengwa, Anakho https://orcid.org/0000-0002-0700-8668
- Date: 2022-12
- Subjects: Monetary policy -- Africa, Southern , Transmission mechanism (Monetary policy) -- Africa, Southern , Economic development -- Africa, Southern
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26863 , vital:66037
- Description: Monetary policy plays a significant role in countries economic development. The variability in inflation in the SADC region provides room to question the Effectiveness of the transmission of monetary policy as these countries experience inflation in different ways. The study analyses the effectiveness of monetary policy transmission mechanism on the selected 5 SADC countries, South Africa, Botswana, Mauritius, Tanzania, and Zambia. The selection of the countries was mainly based on data availability. To answer the study hypothesis, the study used secondary data from different data sources, employing the Vector Autoregression Regression. The different channels analysed include the exchange rate, interest rates as well as credit channel to measure monetary policy tools. The main variables are, Gross Domestic Product (GDP), Consumer Price Index (CPI)cpi and money supply. Panel unit root was tested to test the stationarity of the variables and the appropriate lag length was determined. Panel VAR model was estimated where the focus was mainly on variance decomposition and impulse response. Then lastly the stability of the model was tested using diagnostic test. The results revealed that interest rates channel and exchange rate channel have a more significant effect in explaining the transmission of macroeconomic shock to the rest of the economy through gpd and cpi. While the credit channel mostly transmits to the rest of the economy through money supply and cpi, its effects from GDP are rather insignificant. It is also noted that interest rates serve as the dominant channel in transmitting monetary policy shocks to the rest of the economy. When central banks decrease prime lending rates for commercial banks, this is passed to consumers making it less expensive to borrow. In the long run, attracts foreign investors which harms the domestic currency. The author has noted that future research could focus on how asset price channel affects the economy. , Thesis (MCom) -- Faculty of Management and Commerce, 2022
- Full Text:
- Date Issued: 2022-12
A critical assessment of the inter-governmental relations clusters system in the south African local government context: the case of Raymond Mhlaba Municipality by infrastructure
- Authors: Mkosana, Luvo
- Date: 2022-11
- Subjects: Infrastructure (Economics) -- South Africa , Public administration -- South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26841 , vital:66035
- Description: This research is focused on the premise that intergovernmental relations cluster system can be a precondition for improving the state of infrastructure in Raymond Mhlaba Local Municipality. It follows, logically, that engaging stakeholders in all the three spheres of government and allowing them to fully participate in IGR processes has the potential to play a central role in improving infrastructure sector. Without effective and efficient implementation of IGR in the South African public sector, the transformation of the infrastructure sector will continue to menace many local government departments. Given the critics levelled against the processes involved in IGR, the qualitative and method was used as an investigative method to gain a deeper understanding of IGR cluster systems and its general contribution on infrastructural development. The findings showed a general consensus on the importance of the concept of IGR and its potential in ensuring that stakeholders come up with efficient ways to improve the infrastructure sector. Evidence also showed that the main components of infrastructure such as electricity, housing, water and sanitation and roads are still facing challenges and there are backlogs despite the efforts by all the three spheres of government to ensure that the collaborate in improving the sector. This knowledge allows the adoption of a bottom-up approach to IGR cluster system in the South African local government sector. , Thesis (MPA) -- Faculty of Management and Commerce, 2022
- Full Text:
- Date Issued: 2022-11
- Authors: Mkosana, Luvo
- Date: 2022-11
- Subjects: Infrastructure (Economics) -- South Africa , Public administration -- South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26841 , vital:66035
- Description: This research is focused on the premise that intergovernmental relations cluster system can be a precondition for improving the state of infrastructure in Raymond Mhlaba Local Municipality. It follows, logically, that engaging stakeholders in all the three spheres of government and allowing them to fully participate in IGR processes has the potential to play a central role in improving infrastructure sector. Without effective and efficient implementation of IGR in the South African public sector, the transformation of the infrastructure sector will continue to menace many local government departments. Given the critics levelled against the processes involved in IGR, the qualitative and method was used as an investigative method to gain a deeper understanding of IGR cluster systems and its general contribution on infrastructural development. The findings showed a general consensus on the importance of the concept of IGR and its potential in ensuring that stakeholders come up with efficient ways to improve the infrastructure sector. Evidence also showed that the main components of infrastructure such as electricity, housing, water and sanitation and roads are still facing challenges and there are backlogs despite the efforts by all the three spheres of government to ensure that the collaborate in improving the sector. This knowledge allows the adoption of a bottom-up approach to IGR cluster system in the South African local government sector. , Thesis (MPA) -- Faculty of Management and Commerce, 2022
- Full Text:
- Date Issued: 2022-11