- A-Z Publications
- Journal of Economic and Financial Sciences
- Previous Issues
- Volume 4, Issue 1, 2011
Journal of Economic and Financial Sciences - Volume 4, Issue 1, 2011
Volume 4, Issue 1, 2011
Author Gideon ElsSource: Journal of Economic and Financial Sciences 4, pp 7 –8 (2011)More Less
Since 2008, as an editorial team, we have put every effort into the task of succeeding to accredited this Journal of Economic and Financial Sciences (JEF) with the Department of Higher Education and Training (DoHET). So it is with much gratitude to so many and with huge pride, that the editorial team proudly announces that we have achieved this milestone. From this issue onwards, all articles published in this journal will qualify for a subsidy payment from the DoHET!
Shift-share analysis of production in the manufacturing industry of South Africa's Southern District MunicipalityAuthor Ewert KleynhansSource: Journal of Economic and Financial Sciences 4, pp 9 –30 (2011)More Less
In this study, the development and structure of value-added production in the manufacturing industries of the Southern District Municipality (SDM) of South Africa are investigated. The field of study focuses on spatial economic development, with the aim of identifying industries that can offer future growth and job creation. The methodology of shift-share analysis, often applied to studies of Economic Geography, is used for the empirical analysis. The SDM district municipality includes the local municipalities of Klerksdorp, Potchefstroom, Ventersdorp, Merafong City and Wolmaransstad. The economy of these municipalities is mainly dependent on gold mining, which is declining as their gold reserves are becoming depleted which will lead to a large section of its population being unemployed in the near future. Shift-share analysis provides insight into the shifts of production between various sectors over time and is comprehensible to policymakers. It provides further insight into the national share effect on production of the sectors in the region, as well as the regional industrial mix and the competitive share effects. It was found that the sectors with the highest growth potential are Transport Equipment, Petroleum and Chemicals, Furniture, Metal Products, and Wood and Paper Products, and they merit attention in future development initiatives.
An investigation into the extent to which the National Senior Certificate equips university finance students with required skillsSource: Journal of Economic and Financial Sciences 4, pp 31 –50 (2011)More Less
Higher education institutions have an obligation to provide graduates with the necessary knowledge and skills to enter the workforce and contribute effectively to the financial and economic development of the country. After 1994, the South African educational system was redesigned. One of the major events in this process was the replacement of the Senior Certificate (NATED 550) by the National Senior Certificate, awarded for the first time in 2008. Questions have been raised as to whether the National Senior Certificate curriculum prepares learners adequately for success in university studies. The purpose of the exploratory research reported on in this article was to investigate the perceptions of students on the skills acquired in the National Senior Certificate, as well as the skills required to succeed in their university studies. The study was conducted amongst the first-year B.Com (Finance) students during the 2009 academic year at a South African higher education institution. The results of the study indicate that these students felt that they lacked some of the critical skills required for academic success at university.
Author Adri DrotskieSource: Journal of Economic and Financial Sciences 4, pp 51 –62 (2011)More Less
Previous research has shown that the customer experience is a strategic differentiator leading to a competitive advantage for organisations. The customer experience is the interaction between customer and the organisation and should lead to value add. It is important though that value is added to the customer as well as to the organisation. The focus of this paper is first on what value is. The second part of the paper focuses on a measurement tool that was developed to measure the value to customer (VTC) and the value of the customer (VOC). The measurement tool is validated through application within a retail banking environment. By measuring the value to and of customers an organisation can determine if optimal value is added. The outcome of the measurement can be used by organisations to understand the customer value offering and the financial implications of value and establishing the relevant balance.
Source: Journal of Economic and Financial Sciences 4, pp 63 –80 (2011)More Less
The Platinum Spatial Development Initiative (SDI) in the North West Province was initiated 10 years ago to address the spatial economic development challenges of the region. This revised commentary aims to re-evaluate development, and intends to provide an objective overview of the successes and failures of the Platinum SDI. The aim is to provoke a debate on the matter in order to assess whether or not the Platinum SDI is to the advantage of the economic development of the country and its people, and especially the poor. This paper considers the historical context and evaluates a number of arguments, either in support of or questioning the viability of the Platinum SDI. The paper concludes that after more than a decade there is still little evidence that the Platinum SDI will in the near future be efficient. At present, the Platinum SDI has very little to offer. To succeed will require more effort by all concerned, and especially much more commitment from the relevant governmental structures.
The company as a responsible corporate citizen : an analysis of the board's commitment to sustainabilitySource: Journal of Economic and Financial Sciences 4, pp 81 –98 (2011)More Less
Organisations are increasingly realising that they are members of a wider community and must therefore behave in a responsible manner. The boards of directors of organisations play a critical role in ensuring that companies conduct their business in a responsible and sustainable manner, and in providing accurate, reliable and credible reporting to their stakeholders.
The objective of the paper is twofold: to provide a brief overview of the development of corporate citizenship, sustainability and sustainability reporting and the board's role in this regard; and, secondly, to provide evidence regarding the board's commitment to sustainability as disclosed in a company's sustainability reporting. This is achieved through a literature review of current corporate governance and sustainability developments and practices. This review is supported by empirical evidence obtained from assessing the sustainability reporting of companies through a content analysis of the annual reports of companies listed on the Johannesburg Stock Exchange Limited's Socially Responsible Index. The study found that sustainability and sustainability reporting are widely researched and advocated in the literature, and that companies report a commitment to sustainability, but that these reports lack specific detail concerning the board's responsibility for and commitment to sustainability.