Faculty of Commerce, Law and Management

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    Equity and Admissions Policies of Undergraduate Students at the University of the Witwatersrand: A Case Study of the Faculty of Humanities
    (2012-11-20) FENYANE, SAMUEL
    This study looks at the nature of the selection and admissions policies in place in the faculty of humanities at the University of the Witwatersrand. Data was collected qualitatively using semi-structured interviews and document analysis. The university has changed its selection and admissions policies many times. At first, admission to the university was based on merit only. However, as time went by, the university adopted the principle of redress to compensate for the injustices of the past. The study argues that the university has gone a long way to address the race problem in its enrolment strategy. The problem remains, however, a class one due to an emphasis on merit. It suggests that the concept of merit needs to be reconceptualised to embrace equity and access. The study concludes that the current policy is not addressing redress fully and effectively. Therefore the study strongly recommends that the policy be reviewed and that a policy of affirmative action be adopted to ensure that students from poor backgrounds with potential are given a chance to access higher education.
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    Private Equity in Sub-Saharan Africa
    (2011-05-17) Mate, Joseph
    Private equity refers to the pooling of funds from investors for investment in private companies, as distinguished from publicly traded companies. The terms Private Equity and Venture Capital are often used interchangeably. Venture Capital is in fact a subset of Private Equity and refers to investments made for the start-up and early development of the business. Private equity as an asset class has taken on significant importance in emerging markets and in particular Sub- Saharan Africa because of its potential to be a positive contributor to economic development and unlock value in a business. However the dynamics of doing business in Sub-Saharan Africa differ greatly from a developed market. Emerging markets are characterised by minimal shareholder rights, limited regulatory and legal framework - which impacts negatively on the enforcement of contracts, poor accounting standards which in turn affect the quality of reporting, nascent capital markets and unstable political environments. Such conditions pose a considerable challenge for private equity in emerging markets and Sub-Saharan Africa in particular. The aim, therefore, of the study was to establish the success factors necessary for the establishment of a private equity fund in Sub-Saharan Africa - given the challenges associated with emerging markets. A representative cross-section of private equity firms were interviewed in order to gain an in depth understanding private equity in the region, its process, parties involved as well as the determinants of its success. The study employed the use of a small, purposely selected, non-random sample in order to achieve depth of understanding, as opposed to finding out what is generally true of the many, as in the positivist approach. Textual analysis was applied, whereby common themes were identified from the discussions and analysed further by relating back to the research propositions and relevant literature. Thus a set of basic heuristics can be established for private equity in Sub-Saharan Africa based on the findings of the study.
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    Challenges in implementing equity in preferential procurement policy
    (2011-05-13) Mahlangu, Thulani Ernest
    Post 1994 South Africa necessitated the implementation of a preferential procurement scheme intended to balance the imbalances of the past. As we enter into the second decade of democracy, the success of the programme has been met with cacophony. Thus the purpose of this study is to investigate the effectiveness of the proferential procurement policy in road and construction bids, which are intended to promote and advance the interests of those who were on the receiving side and fringes of the then racially exclusive economic and social development system. The study was conducted within the context of government tender procurement in the department of roads and transport (Mpumalanga Provincial Government) with a clear focus on the 2004/5 financial year capital projects. In order to realise the objective of the research, data was collected through face to face semi-structured interviews recorded on an MP3 voice recorder. The data was later word-processed and rigorously analysed to reach verfiable conclusions. The research has managed to unearth a number of challenges affecting the successful implementation of this universally accepted preference programme. These challenges include the lack of adequacy of the policy regime used, lack of supply side interventions critical for the implementation of programme of this magnitude and ethical challenges that need to be nipped in the bud to ensure that the programme provides the necessary social cohesion within the society.