- A-Z Publications
- South African Journal of Economic and Management Sciences
- OA African Journal Archive
- Volume 3, Issue 3, 2000
South African Journal of Economic and Management Sciences - Volume 3, Issue 3, 2000
Volumes & issues
Volume 3, Issue 3, 2000
Author H. Summers, LawrenceSource: South African Journal of Economic and Management Sciences 3, pp 344 –352 (2000)More Less
Lecture delivered at the University of Pretoria, 15 June 2000. Discusses some of the lessons of recent developments in sub-Saharan Africa. Highlights the particular opportunities and challenges that South Africa faces today, and some crucial implications of the current situation for policy in Africa and for the international community as a whole.
Author J.H. HallSource: South African Journal of Economic and Management Sciences 3, pp 353 –368 (2000)More Less
Given the importance of capital investment, not only for the country as a whole but the creation of shareholder wealth by individual firms, it is vital to investigate the practices used to evaluate these projects. The findings of this study suggest that the most important stages in the capital budgeting process are project definition and cash flow estimation, not financial analysis. Further, in the evaluation of capital investment projects, South African companies seem to prefer Return on Investment and Internal Rate of Return as methods to determine the feasibility of a project. The use of these methods is influenced by the size of a company's annual capital budget, as there is a correlation between a company's annual capital budget and a preference for these methods.
Source: South African Journal of Economic and Management Sciences 3, pp 369 –386 (2000)More Less
In South Africa tourism is regarded as a growth catalyst and a contributor towards the economic upliftment of poorer regions. The magnitude of the impact of tourist spending depends on the extent of leakages from the region, and the ability of the region to create backward and forward linkages. It is argued that the spatial implications of tourism might, inter alia, depend on the relative impacts of domestic versus international tourist spending. Using an input-output model, support was found for the notion that, from a regional development perspective, there should be an emphasis on the development of the domestic tourism market in the short term. As a long-term strategy, investment in transport services and infrastructure to reduce path dependency effects, more inherent in international tourism, is proposed.
Source: South African Journal of Economic and Management Sciences 3, pp 387 –402 (2000)More Less
The purpose of this study was to obtain empirical data about the effect of workforce reduction on ""survivors"" in the public (n=158) and private (n=71) sectors in South Africa. Analysis of the effects of workforce reduction indicated that downsizing affected the survivors negatively. Employee morale, staff commitment and motivation plummeted, while job dissatisfaction and concern about job security increased conspicuously. It was found that the negative effects were more prevalent in the public than the private sector. Depth and frequency of downsizing seem not to intensify the survivor syndrome.
Author P.A.** Stuart, R.A.* & BlackSource: South African Journal of Economic and Management Sciences 3, pp 403 –412 (2000)More Less
The paper considers the transmission of an external shock through the bond, equity, money and foreign exchange markets and, depending on the nature and duration of the shock, the attendant effects on various sectors of the South African economy. While it is acknowledged that the ability of the Reserve Bank to intervene in the foreign exchange markets is limited, it is argued that the current policy may not be appropriate in the face of a sustained speculative attack. Instead, a policy of selective intervention aimed at the relative degrees of change in foreign exchange and interest rates may be used to affect the distribution of costs between various sectors of the economy.
Source: South African Journal of Economic and Management Sciences 3, pp 413 –422 (2000)More Less
The majority of South African attorneys do not enjoy the benefits that may be derived from the marketing and advertising of their services. They seem to be unaware or do not make use of marketing and advertising opportunities to promote their firms and the services they render. The lack of marketing knowledge, ignorance of the value of advertising, as well as the perception that advertising will cause unnecessary costs, are reasons why many legal firms are not marketing oriented. This paper reports the results of an empirical study done to determine the role of marketing and advertising in the legal profession in South Africa.
Author J.A. Jooste, A. & GroenewaldSource: South African Journal of Economic and Management Sciences 3, pp 423 –435 (2000)More Less
The move towards more competitive agriculture in South Africa, largely unburdened by regulatory constraints, is characterised by an undersupply of relevant information in some cases and inadequate access to it in others. This affects the heartbeat of production, investment, financial and strategic decisions. The very nature of intersectoral agricultural linkages, as well as the differences between specific interest groups, suggests that information needs are likely to differ too. There is, however, a common objective - direct or indirect - for all the users of agricultural information. This is to maximise the returns to investment in the short, medium and long run. However, there exist various problems in providing information, which impedes the ability of information users to position themselves strategically in order to maximise returns.
Source: South African Journal of Economic and Management Sciences 3, pp 436 –445 (2000)More Less
The sustainability of debt is a crucial issue in developing and transitional economies. In this paper, it is shown that a bubble in the real exchange rate could result in a sudden collapse in the sustainability of a country's debt. Furthermore, it is shown that monetary authorities may be unable to control the exchange rate, as its dynamics also depends on that of the debt. Hence, the only feasible policy measure to stabilise the real exchange rate is to increase domestic non-price competitiveness to ensure an improvement in the trade balance of the economy.
Factors influencing perceptions and expectations of corporate social performance in South Africa : an exploratory empirical studyAuthor D.A.L. ColdwellSource: South African Journal of Economic and Management Sciences 3, pp 446 –458 (2000)More Less
This paper analyses the effects of gender and ethnic group in the perceptions and expectations of corporate social performance (CSP) in a sample of students controlled for age, education and academic discipline. Instruments to measure perceptions and expectations of CSP are devised using Likert-type scales. The reliability and construct validity of the measuring instruments are assessed using Cronbach alpha coefficients of internal consistency and factor analysis. A backward elimination multiple regression incorporating dummy variables, indicates that gender and ethnic group are significant predictor variables in perceptions and expectations of CSP. The findings are discussed with regard to the utility of Carroll and Buchholtz's (2000) CSP model in the South African situation.
Source: South African Journal of Economic and Management Sciences 3, pp 459 –468 (2000)More Less
Exhibitions are a recognised component of a company's marketing mix. The medium however suffers from a distinct lack of integration and understanding in the broad marketing fraternity. Little research on the subject has been done and published, especially in South Africa. This exploratory study focuses on the use of the exhibition medium as a part of a company's marketing effort. Respondents question the return on investment and the measurability of the medium, while the benefits are in agreement with other published literature. Future research on the effectiveness of the medium and the impact of technology is recommended, as well as the viability of the medium on the marketing of services.
Author S. Umoh, GabrielSource: South African Journal of Economic and Management Sciences 3, pp 469 –483 (2000)More Less
This paper uses the outreach paradigm to examine the role of two formal rural financial institutions (Nigerian Agricultural Cooperative Bank and People's Bank of Nigeria) in development financing in Nigeria. Findings show that the two institutions have fared relatively well in the outreach to their target clientele, except women. The paper also suggests that for wider outreach, effective linkage with rural self-help is necessary.
Influences of the Free Trade Agreement between South African and the European Union on the South African fresh orange industryAuthor W.L. Gay, S.H. & NieuwoudtSource: South African Journal of Economic and Management Sciences 3, pp 484 –498 (2000)More Less
This paper evaluates the effects of the Free Trade Agreement (FT A) between South Africa and the European Union (EU) on the South African orange industry. Oranges account for ten percent of South African agricultural exports. The aggregate trade simulation model used here is designed on the programme STELLA, and consists of regional production models, a local market model, an export model and an exchange rate model. Results indicate that the FT A is expected to have small positive effects on both South African producers and consumers. This is caused by increasing real free-on-board prices and decreasing real local prices of oranges. Total area under oranges will increase more with the FT A, which thus results in a larger orange production too.