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- Volume 6, Issue 3, 2003
South African Journal of Economic and Management Sciences - Volume 6, Issue 3, 2003
Volumes & issues
Volume 6, Issue 3, 2003
Author F.L.E. BlackmoreSource: South African Journal of Economic and Management Sciences 6, pp 439 –458 (2003)More Less
This study analyses the determinants of crime in South Africa using economic, social and demographic variables. The model is estimated using an unbalanced panel of 1044 observations for 15 crimes across the 9 provinces of South Africa over 8 years. A comprehensive analysis of the crime situation is achieved using this data, since it combines the benefits of macroeconomic time series with microeconomic cross sectional series. The statistical results identify significant effects for the income per capita, drug use, ratio of woman to men, the economically active population, degree of urbanisation, unemployment rate and age structure variables. Only one third of all crimes are sensitive to changes in quantity of expenditure on total protection services. Education and change in gross domestic product variables yielded insignificant results.
Source: South African Journal of Economic and Management Sciences 6, pp 459 –472 (2003)More Less
This paper reports on a survey carried out among visitors to Etosha, Namibia, in May 2002. We use the contingent valuation method to estimate foreign tourists' willingness to pay for visiting the park. We find that the Namibian government could raise park fees substantially and increase profits from foreign tourists by approximately N$ 2, 3 million per year. If fees were raised in collusion with other governments, in order to avoid competition between countries in the region, profits could presumably be increased even further. However, the survey used to collect data on tourists' willingness to pay also indicated dissatisfaction with current management of in-park resorts, and improved management of these resorts would probably be crucial for the success of any new tariff scheme.
Source: South African Journal of Economic and Management Sciences 6, pp 473 –497 (2003)More Less
South Africa is endowed with a significant proportion of the world's coal reserves, which is used relatively cheaply to supply in more than 75 per cent of the country's energy needs. In terms of its per capita South Africa is one of the largest air polluters in the world. Even higher on the list of social preferences in South Africa, however, is the problem of unemployment, which also ranks amongst the highest in the world. In this paper we use a Computable General Equilibrium (CGE) model to simulate fiscal policy scenarios that address both these problems, and try to establish a "double dividend", namely a reduction in CO2 levels of pollution as well as a reduction in unemployment levels.
Author Gregory John LeeSource: South African Journal of Economic and Management Sciences 6, pp 498 –513 (2003)More Less
The South African skills development framework has mandated Sectoral Education and Training Authorities (SETAs) to initiate sector-specific training programmes. If SETA planning is to be proactive, the evaluation and forecasting of improvements in industry outcomes from these training programmes (such as productivity or profitability metrics) should be of concern. This article pursues this end through the well-established area of decision theoretic utility analysis. It suggests a method whereby SETAs may forecast or estimate the industry gains from a given training programme. It is suggested that percentage increases in output may be the utility output of greatest interest and use to SETAs. The national accounts of South Africa are used to estimate the appropriate input data for each industry in these techniques. Other issues in application and research are also suggested.
Contribution of Support and Incentive Programs to entrepreneurial orientation and start-up culture in South AfricaSource: South African Journal of Economic and Management Sciences 6, pp 514 –528 (2003)More Less
This paper discussed the role of an entrepreneurial orientation (EO) and start-up culture to enhance economic development. It investigates the proposition that the South African culture is conducive to EO. Secondly, this paper investigates the available programs from an entrepreneurial culture perspective. Programs are categorised to delineate their different focuses. Key issues reported include the program focus, the level of venture development aimed at and their target groups. Finally it questions the contribution of these programs to entrepreneurial culture and suggests remedies. The paper concludes that despite the number of different programs that exist, the concept of entrepreneurial culture to improve EO is not addressed.
Line management's involvement in people management : a comparison between South Africa and AustraliaAuthor Leo VermeulenSource: South African Journal of Economic and Management Sciences 6, pp 529 –541 (2003)More Less
The purpose of this study was to obtain empirical data on expected shifts of people management activities from human resources managers to line managers. The research was done by means of a cross-cultural survey in South Africa (n=381) and Australia (n=653). The research results clearly indicate that there was a perceived shift of traditional people management functions to line management in both countries. This shift was more prominent in South Africa than in Australia. The main shift in South Africa seemed to be that line managers are increasingly involved in training and development. Equal employment opportunity was seen as the second most important area of change, followed by the use of human resources information systems, industrial relations, and occupational health and safety. Recruitment and selection were seen as the least important areas of change.
Author R. Van der WaltSource: South African Journal of Economic and Management Sciences 6, pp 542 –561 (2003)More Less
The adoption of legislation such as the Labour Relations Act No 66 of 1995 and the Promotion of Access to Information Act No 2 of 2000 has brought about radical change in the process of disclosure of information in South African organisations. The article reviews developments in respect of information disclosure in South Africa and other countries and discusses the effects of the LRA in regard to disclosure of information to trade unions and workplace forums. It then describes a study conducted by the author and discusses the findings. It concludes with pointing out certain shortcomings in the disclosure process and urges managements and the trade unions to work together to improve this important tool for achieving success in organisations and enhancing industrial democracy.
Author Ashley G. FrankSource: South African Journal of Economic and Management Sciences 6, pp 562 –576 (2003)More Less
Financial market participants seem to have already accepted the phenomena of speculative currency attacks being temporarily correlated, with crises passing "contagiously" from one country to another. Yet doubt still exists about whether speculative attacks on a currency are due to its country's fundamentals or irrespective of them. More conservative economic opinion is that countries with deep mismanagement of national balance sheets and exchange rate policy as well as political irresponsibility, give rise to weaker external positions, from where they suffer higher negative spillover effects. Sadly, despite the possibility of contagious currency crises, being an important policy issue, this paper finds little support by way of systematic empirical analysis. So much so, that the choice is between opting to be a dissident, and, leaving the question unanswered. It chooses the latter.
Source: South African Journal of Economic and Management Sciences 6, pp 577 –590 (2003)More Less
This study determines the management effectiveness of a performance evaluation system in a national manufacturing organisation. This organisation has developed and implemented a new performance evaluation system. After 3 years since implementation, the effectiveness of the system is determined. A questionnaire was used to obtain data from a systematic sample of both employees and supervisors of the organisation. The results show that the organisation should improve certain aspects of its performance evaluation system, like the documentation of information, training of supervisors and communication of strategy and objectives.
Source: South African Journal of Economic and Management Sciences 6, pp 591 –611 (2003)More Less
This article focuses on organisational training perspectives within a changing South African context. To achieve the aim of this research project, a literature study, including an Internet-based search, and empirical research were undertaken. During the empirical research, a self-administered questionnaire was sent to 365 training practitioners in order to investigate various training perspectives and its relationship with organisational change. Five null hypotheses are tested to investigate the relationship between training and change variables. The traditional role of training has become obsolete, because of organisational change. Training should be placed at the centre of human resources planning programmes and the strategic plans of the organisation. It is emphasised that actions should be taken to ensure that training programmes affect change and that trainees involved in the change process are effectively managed.
The future of the South African retail pharmacy industry in the light of inter-national experience and the changing healthcare marketSource: South African Journal of Economic and Management Sciences 6, pp 612 –626 (2003)More Less
The paper evaluates how the changing South African healthcare market is likely to affect the future of retail pharmacy. It examines current developments in retail pharmacy and the impact that these developments will have on the retail pharmacy market. This information is used to create scenarios as to what types of retail pharmacies are likely to thrive in the future.
Measuring the impact of advertising and promotion expenditure at national, industry and company levels in South AfricaSource: South African Journal of Economic and Management Sciences 6, pp 627 –642 (2003)More Less
Sound record-keeping of advertising expenditure figures in South Africa allows for a relative accurate assessment of the impact of advertising expenditure at national, industry and company level. However, the overall composition of marketing communication expenditure is nowadays affected by the continuous increase of promotion expenditure at the cost of advertising. Unfortunately, record-keeping abilities on promotion expenditure figures trails that of advertising. Consequently, the study aims to collect data on advertising and promotion expenditure simultaneously. Such information is highly valued by marketing practitioners in planning annual advertising and promotional budgets. To add further value to the analysis, some international comparisons are made.