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- Volume 4, Issue 1, 2001
South African Journal of Economic and Management Sciences - Volume 4, Issue 1, 2001
Volumes & issues
Volume 4, Issue 1, 2001
The political economy of capital gains taxation in South Africa - part I: the public finance of capital gains taxation (1,243KB0Author Zane A. SpindlerSource: South African Journal of Economic and Management Sciences 4, pp 1 –25 (2001)More Less
Public Finance and Public Choice principles are used to analyze the ideological and practical basis for the proposed introduction of a Capital Gains Tax into the income tax system of South Africa. The paper concludes that this is a flawed tax whose time has passed - especially for countries like South Africa.
Author M.** Human, J.S.* & ShotterSource: South African Journal of Economic and Management Sciences 4, pp 26 –40 (2001)More Less
This study aims to identify the factors that have an influence on the success of benchmarking projects, and finds that listed South African manufacturing companies achieve a high degree of success with their benchmarking projects. The key success factors are a cost-benefit analysis and the formulation of an implementation plan during the planning stage of the process. Other factors include limitation of the scope and length of the project, an optimum number of four partners, the selection of partners of similar size and the inclusion of partners from other industries. It was also found that the compliance with a code of conduct by all the partners and the consideration of ethical and legal aspects are essential elements of success.
Author S. RothmannSource: South African Journal of Economic and Management Sciences 4, pp 41 –65 (2001)More Less
Job satisfaction is a complex variable and is influenced by situational factors of the job environment as well as dispositional characteristics of the individual. Recently there has been renewed interest in the role of dispositional characteristics in predicting work-related outcomes. The aim of this study was to determine the possible relationship between the dispositional factors of sense of coherence, locus of control and self-efficacy on the one hand, and job satisfaction on the other. The study population included 624 employees of 7 organisations. Sense of coherence, locus of control and self-efficacy were found to be related constructs, but only sense of coherence and locus of control were significantly related to job satisfaction. Sense of coherence, locus of control and self-efficacy predicted 30 per cent of the variance in total job satisfaction.
Source: South African Journal of Economic and Management Sciences 4, pp 66 –89 (2001)More Less
The aim of this paper is to explain the determinants of the South African long-term interest rate. A market-related approach is followed which explains interest rate determination on the basis of the relationships between the capital market and other domestic and international markets. Some implications for monetary policy are derived.
Author M.A. AdawoSource: South African Journal of Economic and Management Sciences 4, pp 90 –98 (2001)More Less
There is no doubt that agricultural growth in Nigeria has been on the decline. This is largely so because agricultural policies have a bias towards inappropriate technology, and fail to recognise women as the centrepiece in agriculture. The position taken in this paper is that women are in fact the pivot in Nigerian agriculture, and whatever technology is developed, should be in line with their needs. Such technology should involve a simple but mechanical form of weeding, the use of improved organic fertilizer and efficient methods of livestock husbandry.
The measurement of consumer satisfaction with selected elements of the total retail experience: An exploratory study of fast food and supermarket retailersSource: South African Journal of Economic and Management Sciences 4, pp 99 –117 (2001)More Less
Although attempts have been made to identify some of the dimensions of retail shopping experience, these have been largely fragmented and uncoordinated. No attempt has yet been made to combine the efforts of many retailing students into a comprehensive model that accurately describes the total retailing experience. Also, very little is known about the relationship between the individual dimensions of retail shopping and customer satisfaction. This study attempts to reduce this gap in South African retailing literature by, first modelling the total retailing experience and, then, assessing the influence of selected individual retailing dimensions on customer satisfaction. It also investigates whether the impact of these dimensions of the retailing experience differs between fast food restaurants and supermarket retailers. The empirical results suggest a fairly consistent pattern of relationships between fast food restaurants and supermarkets.
Author S. Brand, H.E. & StoltzSource: South African Journal of Economic and Management Sciences 4, pp 118 –132 (2001)More Less
The South African labour market is characterised by a diversity of ethnic and cultural groups. The public sector is experiencing pressure from social, economic, political and legislative circles to make the workplace more representative of the population. This study investigated the affirmative action process in a national public sector department in terms of its employees' perceptions of that process. A questionnaire was developed and used as measuring instrument on a random sample of the department's employee population. Results show that the affirmative action process did influence employees' perceptions of their working life and career, and that the majority of respondents perceived the affirmative action process not to be successful.
Source: South African Journal of Economic and Management Sciences 4, pp 133 –148 (2001)More Less
The main objective of the study is to investigate attitudes of young consumers towards credit purchasing behaviour by means of store charge cards. Data were gathered by using an administered questionnaire from a multicultural sample (N=265) of learners and students attending various secondary and tertiary institutions in Port Elizabeth, as well as from observations of young shoppers at various retail outlets in the city. Results indicate that young consumers differ across gender, age, and home language in terms of attitudes towards credit. Findings suggest that there is a lack of knowledge and understanding by the respondents of the consequences of buying on credit, especially accountability for their financial actions. Implications are that education and training in personal money management are crucial for ensuring that marketers do not give rise to up a body of future debtors, stemming from financial illiteracy.
Source: South African Journal of Economic and Management Sciences 4, pp 172 –203 (2001)More Less
Youth in South Africa are persons of the ages 14 to 35 and constitute a large part of the potential labour supply and economically active population. The youth are also one of the central focus areas of government and receive priority in national development policies. Very little is known about the role of youth in the economy. The purpose of this article is therefore to explore the position of youth in the South African economy. The survey below will indicate that one of the major problems faced by youth in Africa is the inability to establish a sustainable livelihood. Youth constitute 40 to 65 per cent of the unemployed in African countries, and this figure is rising. This requires alternative policies, in addition to the economic growth policies within the Growth, Employment and Redistribution framework. It has become essential that the scope be broadened for a larger range of solutions.
Author G. Frank, AshleySource: South African Journal of Economic and Management Sciences 4, pp 204 –215 (2001)More Less
This study is concerned with the South African business cycle and makes use of the hazard function to determine the importance of duration for its analysis. This function gives the conditional probability that a state sustained through a previous period will end in the current one. The study estimates this probability for both economic downturn and expansion. At the 95 per cent confidence level, there is no statistical underpinning found for conventional ideas about the likelihood of an upturn or downturn in the economy over time. The duration of a business cycle does not help predict the turning point.
Author D.J. FourieSource: South African Journal of Economic and Management Sciences 4, pp 216 –233 (2001)More Less
Citizen participation on any level of government is timeless. The dynamics and the relationships of citizen participation on all levels are unique, due to the fact that many problems and solutions have their roots in the activities of local government and its administration. Furthermore the extension of democracy to all spheres of society and to all tiers of the administrative hierarchy, have been a central theme of the democratisation process in South Africa. The notion of ""bringing the government to the people"" is important, not only in strengthening civil society, but also in mobilising the population to implement the programmes of reconstruction and development necessary to transform the civil society.