Faculty of Commerce, Law and Management

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2016 Annual Report
(CLEAR-AA, 2016) 2016 Annual Report
2016 Annual Report
2017 Annual Report
(CLEAR-AA, 2017) CLEAR-AA
2017 Annual Report
2017 CSI Handbook – 20th Edition
(Trialogue Publication, 2017)
Chapter 4: Local and global perspectives Criteria for determining strategic CSI and a profile of the recipient of the Trialogue Strategic CSI Award 2017, insights from The Trialogue Business in Society Conference 2017, key findings from CSI research conducted in Ghana and Kenya, and trends in global corporate giving.
2018 Annual Report
(CLEAR-AA, 2018) CLEAR-AA
Annual Report for the 2018
2019 Annual Report
(CLEAR-AA, 2020-05) CLEAR-AA
We work to improve the way M&E is done. We help strengthen the ability to plan, report on what is being achieved and assess results. This is known as evaluation capacity development. We work with policy makers, parliamentarians, academia and M&E networks and practitioners. CLEAR-AA is one of six regional centres housed in academic institutions across the globe. The other CLEAR centers are in Senegal, Mexico, India, China and Brazil, and we are supported by the CLEAR global Initiative in Washington, DC.
A cross-country analysis investigating the impact of the 2008-09 Financial Crisis on the conduct of monetary policy
(2021) Creamer, Kenneth; Lamperelli, Daniela
Taylor Rule analysis is utilised to enable an analysis of how the 2008 Financial Crisis impacted on the conduct of monetary policy across various countries. Structural Break Analysis and Markov Switching (MS) Regressions are used in order to identify breaks and changes in the conduct of monetary policy as result of the Crisis. The study finds evidence of Crisis-related changes in monetary policy conduct in South Africa, as well as in the US, the UK, the Euro Area (the ECB), Colombia, Peru and South Korea. On the other hand, the results for Brazil, Mexico and Israel do not show conclusive differences in monetary policy conduct in the pre-Crisis and post-Crisis periods. Along with South Africa, there are only two other countries, namely Brazil and Mexico, whose smoothing parameters are larger in the post-Crisis period. Four out of the ten countries place a lower weight on inflation post-Crisis. Six central banks reduce their weighting on the output gap after the Crisis.
ACCESS TO EDUCATION AND SCHOOL FEES FOR REFUGEES AND MIGRANTS IN CENTRAL JOHANNESBURG
(2014-02-19) Sepuru, Thabo Dominic
Education is regarded universally as a fundamental human right and is recognized officially by many countries including South Africa. South Africa is signatory to a number of United Nations (UN) Conventions relating to refugees and acquired certain obligations towards refugees such as the provision of basic education. For the children of refugees and asylum seekers, education has a developmental as well as an integrative and rehabilitative value. While there is recognition of education as a fundamental human right, the realization of this right is impeded by a number of obstacles. School fees have been cited as one of the barriers. In respect of the charging of fees by schools, South Africa seeks to ensure the realization of education as a fundamental and constitutional right by everyone regardless of their nationality, race, gender, religion and financial status through the mechanisms of fee exemptions and no-fee-school policies. This study attempts to explore and document the obstacles encountered by refugee and asylum seeker parents living in South Africa from accessing fee exemptions at a fee-paying school. Through a qualitative exploratory research study, the findings show that there are various barriers to accessing fee exemptions by refugee and asylum seeker parents whose children are enrolled at fee-paying schools. No-fee schools on the other hand are inaccessible to due amongst other issues the fear of xenophobia in the townships. As a result, some refugee/asylum seeker parents keep their children out of school. The findings show the negative impact of the fee exemption policy on fee-paying schools with large numbers of poor learners through the measures adopted to push parents into paying for school fees.
Accountability frameworks and their relationship to the performance of state-owned companies
(2016) Murovhi, Hulisani Douglas
ABSTRACT The quality of a country’s economic institutions is widely accepted as a key determinant of cross-country differences in economic prosperity (Acemoglu, et al., 2005). Owing to their responsibility to develop infrastructure and manufacturing capacity, and to create employment, state-owned companies assume a critical role of advancing and stimulating the economic growth of a country (Khoza & Mohamed, 2005). In order to yield greater public economic value as agents of the national government, state-owned companies need to operate within an accountability framework that is adequate. Good governance is essential to ensure their positive contribution to the overall competiveness and efficiency of the economy. The realisation of an adequate accountability framework for state-owned companies is inhibited by a myriad of factors. This study attempts to explore the existing accountability framework applicable to state-owned companies and the impact thereof on their performance. Through a qualitative exploratory research study, the relationship between four (4) dimensions of an accountability framework (transparency, performance objectives, supervision and compliance, and performance) is examined. The findings indicate: the prevalence of political patronage/influence in the appointment of board members of state-owned companies; and that there are no formal processes for the appointment of board members. Despite being ultimately accountable for the performance of the organization, boards often do not have absolute authority to appoint and dismiss the Chief Executive Officer (CEO) and other executives. This in turn diminishes the level of independence and authority of the board. Further, it was found that the oversight structures (in this case the line department and the relevant Parliamentary portfolio committee) were not sufficiently resourced and skilled to exercise an appropriate oversight function, nor do they have the power to impose punitive measures of any form for non-performance. Furthermore, conflict of interest situations exist within the supervisory structure matrix.
Accountant’s’ perceptions of
(2011-06-15) Slabbert, Valerie-Joan
During the past decade there have been a number of high-profile corporate failures, both locally and internationally. This has led to numerous legislative and regulatory changes, both locally and internationally. In South Africa, the Auditing Profession Act was released for comment in October 2004 and this led to the Auditing Profession Act, Act No.26 of 2005, which was signed into legislation on 16 January 2006; this took effect on 1 April 2006, as did the Corporate Laws Amendment Act of 2006. The draft Companies Bill of 2007 was released for comment in February 2007 and will replace the Companies Act of 1973. The purpose of this study was to research accountants’ perceptions regarding the effectiveness of legislative changes to the audit profession in South Africa with regard to the prevention of audit failure. Quantitative, non-experimental research was conducted to test the propositions developed from the literature review through a questionnaire that was sent to chartered accountants within South Africa. The majority of chartered accountants surveyed agreed that the reputation of the audit profession in South Africa had been affected adversely by high-profile business failures internationally and nationally, and that this necessitated the legislative changes to the audit profession in this country. There are certain aspects of these legislative changes that will be efficient in the prevention of audit failure and in ensuring greater independence of the external auditor; this was the opinion of the chartered accountants surveyed, and included the functioning of the independent audit committee, legal backing to accounting standards and increased liability for directors and parties involved in the preparation of financial statements. Legislative changes that were not perceived to be efficient included increased liability for the external auditor, practice reviews and the mandatory rotation of audit partners
Acculturation pressures on black managers in Information and Communication Technology organizations in South Africa
(2016) Kwinana, Zukhanye N.
ABSTRACT There is a rapid expansion of employment opportunities in the field of Information Communication Technology (ICT) due to the importance of technical fields in our modern society. The ICT industry, which is characterised by mostly white males, plays a key role in enabling the South African economy meet its targets. Within the industry there has been an increase in the number of Black, Coloured, and Asian young people and this is demonstrated by the fact that the number of black ICT graduates overtook the number of white graduates in 2002 and this trend has accelerated over time with more than twice as many black than white graduates. This results in a large number of black managers joining corporate South Africa, which is already characterised by a “white” culture value system, resulting in an increase in diversity within the work teams. The business problem addressed by this research is to understand the pressures that black ICT managers face to acculturate within their organisations, and whether these pressures have an impact on the black ICT manager’s integration into the team, as well as their commitment to the organisation. The study aims to show leaders in the ICT industry that diversity is not just about race and gender but also about psychological empowerment in the work context and this study explores an area where very few studies have been conducted in a South African context. This research report investigates both the experiences as well as the perceptions of male and female black managers in the ICT industry who are in middle and senior management roles in Gauteng, South Africa. A sample of 91 respondents was identified using the snowball sampling technique and were sent an online questionnaire consisting of questions relating to acculturation pressures within the organisation, practises of white managers that are inclusive or isolating to black managers as well as the impact of these behaviours on black managers and their integration into the team and commitment to the organisation. The collected data was analysed using the statistical software package SAS. The analysis showed that there is a polarisation of view of the organisation from a very equitable to a prejudiced and biased view of the organisation. Statistical analysis of the data using a T-Test showed that males and females do not hold a different view of the work environment; while a Spearman’s correlation revealed that the respondent’s tenure and management level also did not have an impact on their view of the work environment. The overall conclusion of the research was that there is evidence to contradict the proposition that black managers in the ICT industry in South Africa feel the pressure to acculturate to the white Western culture in their workplace; however there is evidence to support the two propositions that white managers exhibit practises and behaviours that are perceived as either inclusive or isolating by black managers; and secondly the practises and behaviours that are exhibited by white managers have an impact on black managers and their integration into the team and commitment to the organisation. With the structural unemployment that South Africa is currently facing, it is extremely important that the entire workforce feels that the company culture is accommodating of everyone so as to ensure that the organisations get the best from its employees. This research has assisted in bringing to light the issues that exist as well as assist in laying the foundation for further studies in this research. This will result in South Africa tapping into all of its human resources’ intelligence and competence to solve the problems faced by the country so that the diversity within the country provides a competitive edge to the country.
Achievement of organisational goals and motivation of middle level managers within the context of the two-factor theory
(2014) Jansen, A; Samuel, MO
The ever dynamic nature of the world of work requires that organisations constantly review factors that energise managers (particularly middle level managers) towards achievement of set goals. This category of employees translates strategic decisions by top management into action through the operational employees. They (middle level managers) therefore serve as a link between top management and the lower level employees thus making their role to be of outmost importance to the survival and competitiveness of any organisation thus necessitating the need of our present study. The study adopted a survey research method using quantitative research design. A measuring instrument with a Cronbach alpha coefficient of above 0.70 was developed and used to collect primary data. Non-random sampling technique using purposive/convenience sampling procedure was employed in deriving a sample size of 250 middle-level managers who participated in the survey. Main hypotheses were formulated and tested using the Chi-Square test to determine the level of association between intrinsic and extrinsic motivational variables and achievement of organisational goals by middle level managers. Results show that both intrinsic and extrinsic motivational variables impacted significantly on achievement of organisational goals by this category of managers. Based on this finding, we therefore recommend that organisations should combine both intrinsic and extrinsic motivational variables in the design of goal achievement strategy for middle level managers.
Acquirers' selection criteria when choosing a mergers and acquisitions advisor bank in South Africa.
(2014-09-04) Albanie, Sylvester Neil
ABSTRACT The research had three main objectives: firstly to establish if acquirers in Mergers and Acquisition (M&A) deals find value in M&A advising banks, secondly to determine what selection criteria acquirers use when deciding which advisor to select, and thirdly to determine some sort of ordering of these factors of the selection criteria of acquirers. The data for this research was collected using a survey questionnaire. The questions were informed by a review of the recent literature on the topic of M&As. The data was subjected to various statistical analysis techniques including ranking, averaging and factor analysis. The main finding of the research was that 90 per cent of acquirers still see value in using M&A advising banks on deals and find them especially useful where acquirers do not have access to the specialised intellectual capital that M&A advising banks have. The other important finding is that costs remain a key factor in explaining the selection process, but that costs, whether high or low, are not indicative of the quality acquirers perceive to get from advisors. Acquirers are looking to M&A advisors to show commitment to deals and deliver on their promises.
ACTIVITY-BASED COST MANAGEMENT IN THE BANKING SECTOR
(2011-10-20) van der Walt, Petrus Stefanus
The South African banking sector is characterised as being highly competitive and has adopted several management accounting techniques to assist in setting the direction for the sector. As a consequence, activity-based costing (ABC) is one of the techniques employed. The research evaluated the appropriateness of ABC in the banking sector. Champions and users of ABC in the four major banks of South Africa were interviewed together with implementation consultants. The research found that ABC has particular value in the application of internal transfer pricing. The internal focus of transfer pricing raise some concern on the external value added by ABC. Differing views exist on further application of ABC. As far as implementation goes, all banks have implemented ABC with varying degrees of success. One of the major considerations that surfaced is the level of ownership by the business and continuous maintenance of the ABC system.
AN ADAPTIVE FORECASTING MODEL
(2011-04-01) Da Silva, Paulo Ferreira
Newspapers are considered the fastest moving consumer goods in the country, with a shelf life of only a couple of hours. Since the publishers carry the responsibility for over or under stocking newsprint products in the various retail stores, they employ a number of ‘allocation’ staff who manually modify a simplified forecasting technique to ensure that the optimal number of newspapers are delivered to each retailer in Gauteng. As it is common for the cost of newspaper production to equal or sometimes exceed the newspaper retail price, the correct allocation of newspaper copies carries a financial benefit to the publishers. To achieve a more accurate copy allocation, this research employs the Holt-Winter forecasting methodology, coupled with an adaptive closed loop algorithm. The closed loop algorithm automatically adjusts the Holt- Winter forecast to ensure that the number of copies allocated to each of the retailers is optimised. This is done to maximise the newspaper sale volume while reducing the volume produced, thus minimising the number of unsold newspaper copies and the associated financial losses attributed to overproduction. The adaptive forecasts were produced on an aggregated and disaggregated level. The aggregated method was used to forecast on a macro level, prior to the allocation of the individual copies at each retailer. Whilst this method performed well in comparison to the existing heuristic forecasting method, the forecast accuracy actually lays in the correct allocation of the aggregated forecasted result. The disaggregated method was used to forecast the number newspapers to be supplied at a retailer level. The adaptive disaggregated forecasting method not only achieved a reduction in the volume of unsold newspaper copies, but also a reduction of sales volume. Therefore, neither the adaptive aggregated or disaggregated forecast models achieved the objective of maximising newspaper sales while simultaneously reducing the volume of unsold newspapers.
Adaptive Organisational Culture as a Source of
(2011-05-13) Maharaj, Devina
Understanding organisational culture and its role in creating long term economic performance has become a major area of research in recent times. Leading researchers in the field have found that organisational culture characteristics that facilitate learning and adaptability can significantly enhance economic performance (Schein 1990; Peter and Waterman 1982; Dension 1990; Kotter and Heskett 1992). Identifying distinctive characteristics and core culture traits can therefore assist managers in assessing the role that organisational culture plays in either facilitating or inhibiting the implementation of strategies and goals. The study aims to explore the role of adaptive organisational culture in creating a sustainable competitive advantage within a single South African organisation. The study was guided by three research questions which included 1) describing the culture characteristics of the organisation; 2) assessing if the culture characteristics of organisation were representative of an adaptive culture; 3) examining if the organisational culture served as a source of sustainable competitive advantage. Due to the nuanced nature of organisational culture the case study design was deemed appropriate as it provided valuable in-depth understanding of context and processes within a single organisation. The investigation employed the method of multiple data collection and included collection of data from documentary sources, direct observation, physical artifacts and semi-structured interviews (Yin 1984; Eisenhardt 1989). Based on historical data, the culture was assessed and found to be representative of an adaptive culture. It was also concluded that the adaptive culture of the organisation had served as a source of sustainable competitive advantage. The findings revealed that the ability of the organisation’s culture to remain adaptive and serve as a source of sustained competitive advantage depended on the active management of that culture during periods of intense growth and/or in times of immense change. Key recommendations for continued culture strength included proper integration of newcomers into the organisation, continued active management of the culture and establishing role models and heroes in addition to the founding members of the organisation.
Adaptively managing Climate Change: The case of building food security resilience in Tanzania, Uganda and Zambia
(CLEAR-AA, 2021-04-16) CLEAR-AA
ADDRESSING RECIDIVISM: AN EVALUATION OF
(2011-06-23) UMANAH, TEBOGO ELIZABETH
Measures to address the issues of juvenile crime and the problem of young people in trouble with the law are areas of international concern. Violent crime is mostly perpetrated by young people between the ages 14 and 25. The entry of these youngsters into the corrections system is worrying, as some of them will be equipped to become worse criminals partly due to them sharing cells with hardened criminals. It has been argued that it is a fruitless exercise to keep young offenders in prison as they tend to relapse upon release. Consequently, various approaches such as rehabilitation, minimum sentences and restorative justice have since been introduced as alternatives to traditional ways of imprisonment. Drug abuse, peer pressure, a lack of commitment on the part of offenders to change and corruption amongst DCS personnel are some of the factors leading to recidivism. As far as juveniles are concerned, rehabilitation therefore means helping young offenders to become responsible citizens.
Addressing societal challenges through innovation in South African low income communities. A case study of 5 Selected Small, Micro to Medium Enterprises (SMMEs) in Ekurhuleni Metro
(2018) Chipango, Muodzi Misheck
ABSTRACT This research report was a result of work undertaken by the researcher to establish the level of innovation in Small, Micro to Medium Enterprises SMMEs within the Ekurhuleni Metro, at the same time identifying gaps in terms of strategy, support gaps and proposing ways to bridge these. It also looked at the key facets of innovation, SMMEs – the key advantages and challenges that hinder full potential and realisation of these. It looked at the fundamental challenges that SMMEs face in acquiring appropriate knowledge and tools to tackle socio-economic challenges. It also highlighted the connection between innovations, and small businesses – usually postulated as a panacea for economic growth challenges in developing countries. A qualitative analysis approach was utilised for data collection and processing. The data was collected by use of a semi-structured interview schedule and the interviews were carried out by the researcher. Non probabilistic sampling was used to select a sample of 5 SMMEs from within the Ekurhuleni Metro. Nvivo 10 was used for data coding and analysis. The key findings were:  Innovation capability levels are quite low in SMMEs in this region.  Whilst the SMMEs acknowledge the importance of innovation they do not have a formal approach to innovation i.e. no policy, processes or frameworks to drive innovation  Most of the SMMEs are not aware of government driven innovation frameworks that they could utilise  Funding towards innovation is quite low.  The key hindrances to innovation in SMMEs include lack of resources (funds, time, and technology), availability of skills & training and government interventions. This report further proffers some recommendations, some as stated by the SMMEs as to how they can harness innovation more, to ensure they are not only economically viable but they assist in eliminating social ills such as unemployment.
ADEQUACY OF CRITICAL CARE BEDS INCLUDING HIGH CARE AT THE CHARLOTTE MAXEKE JOHANNESBURG ACADEMIC HOSPITAL
(2012-10-08) Mthethwa, Florance Thabi Pinkie
Charlotte Maxeke Johannesburg Academic (CMJA) Hospital has experienced a shortage of critical beds for a period of more than thirteen years without investigating the factors that are contributing to the shortage. The purpose of this study was to determine the underlying factors that contributed to the shortage of critical care beds at the CMJA Hospital. The study also focused on the implications of the hospital strategic plan regarding the factors identified, and proposed interventions to resolve the shortage of critical care beds at the CMJA hospital. The hospital’s strategic plan had measures in place to begin to address the shortage. Findings revealed that the main factor that contributed to the shortage of critical care beds at the hospital was the shortage of critical care nurses. The study recommended that the South African Nursing Council should develop a curriculum for lower categories of nurses to function in critical care areas.
Adjustment challenges of South African expatriates working in Africa
(2013-10-08) Dhrampal, Sharmintha
With globalisation, expatriate assignments to developing locations such as Africa are increasing. The purpose of this research was to investigate the adjustment challenges of South African expatriates working in Africa and used a qualitative methodology. It is based on the Black, Mendenhall and Oddou (1991) framework of international adjustment and applied to an African context. The findings indicate that expatriates experienced adjustment challenges with regard to adapting to local living conditions, ability of family to adjust to new environment, adapting to a new culture and language, interacting effectively with host country nationals, lack of support from organisation, adapting to work related challenges, inadequate preparation prior to departure and had crime, corruption and security concerns. The study found that Pre-departure preparation, organisational support, family-spouse challenges, cross-cultural training, interacting with host country nationals, adapting to a foreign culture and language are all general aspects that expatriates have had adjustment challenges with. However, South African expatriates working in Africa, expatriates faced many location difficulties in one or more of a following areas: limited housing options, limited education options, rudimentary medical facilities, climate and physical conditions, Infrastructure, communications, disease and sanitation, physical remoteness, political and social environment, recreation facilities, availability of goods and services, heightened exposure to bribery and corruption, crime, safety and security issues. Expatriates face intensely challenging living conditions and quality of life issues. South African companies need to have a greater appreciation for the conditions endured by expatriates in African countries and offer better support.

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