Electronic Theses and Dissertations (Masters)

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Browsing Electronic Theses and Dissertations (Masters) by School "School of Construction Economics and Management"

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    External change management: the revised policy of registered construction health and safety agents in South Africa
    (2021) Khoza, Sepelong Rebecca
    Purpose: South Africa’s construction industry continuously strives to improve its health and safety( H&S). Consequently, South Africa revised its Construction Regulations in 2014 to include the requirement for the application for construction permit to include a competent construction health and safety (CHS) agent. This research investigates how change management processes enable construction companies to effectively comply with the revised H&S policy requirement. Design/methodology/approach: Using a cross-sectional survey design, an online structured questionnaire was sent to SACPCMP-registered construction professionals and construction professionals of a state-owned enterprise in South Africa using purposive sampling. 170 construction professionals responded (85% response rate). Likert scale/ ordinal data were collected on the factors affecting the registration for the CHS agents (Objective 1), understanding of the implications of implementing the revised H&S policy (Objective 2), applicability of the different change management strategies (Objective 3), and the attitudes towards organizational changes for implementing the revised H&S policy (Objective 4). Findings: There was a strong agreement that H&S is best implemented in the early phases of construction project (Objective 1). Average understanding existed that any person who is interested in being an H&S agent can become one by going for an interview only(Objective 2). Also, there was a strong agreement that project participants’ need to comply with the changes as required by the law (Objective 3) and that the attitude of top management towards change is positive (Objective 4).Research limitations/implications: The construction professionals acknowledge that the revised H&S policy needs to be adhered to, as per the law, however there are hindrances to being registered because of factors that can be sorted out by management and how they roll out the change management within the companies. Originality/ Value: The Ingenuity of the research is based on the change management in the context of the revised H&S policy in South Africa
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    The challenges and benefits associated with residential investment in South Africa: residential REIT and portfolio manager perspectives
    (2024) Van Straaten, Kevin
    A common theme in addressing critical housing shortages is the call to leverage private sector resources using REITs. Despite South African having critical affordable housing shortages, REIT exposure to residential is far below the global REIT market average. Existing research brings to light the mixed views and perceptions between different stakeholders about the challenges and risks associated with residential REITs. This is exacerbated by the lack of input from managers of residential REITs and residential funds which is critical to establish a more in depth understanding of the characteristics of the sector. The purpose of this research was to understand the challenges faced, methods to overcome these challenges, and the unique benefits that residential investment offers from the perspectives of managers of residential REITs and large scale residential rental portfolios in South Africa. This was achieved using a qualitative survey consisting of semi-structured interviews with managers and executives of residential REITS and large scale residential rental portfolios. The findings provide a more granular look at some of the challenges faced by these key stakeholders, which provide a deep insight into the characteristics of the sector. The key finding is that the limited track record of residential REITs is cause for many of the challenges associated with residential investment in South Africa. Residential portfolio and REIT managers are implementing unique strategies to respond to some of challenges that arise in the context of South Africa such as a shift toward month-to-month leases and exploring methods of reducing utility costs which are increasing at above inflationary rates. These findings make a valuable contribution to the limited literature on residential REITs in South Africa and include insights from the stakeholders that are most acquainted with the sector which is key to helping broaden our understanding of the challenges and benefits of residential investment in South Africa. Understanding these characteristics is crucial in further developing and growing the residential REIT sector which has the potential to help leverage private sector resources to address the critical housing shortages in South Africa and Africa.