Faculty of Commerce, Law and Management (ETDs)

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    Effectiveness of the funding model for construction companies in the Free State
    (University of the Witwatersrand, Johannesburg, 2024) Pule, Gaositwe; Horvey, Sylvestor.
    This research delves into the nuanced realm of funding models within the construction industry,particularly focusing on their efficacy for struggling construction businesses in the Free StateProvince of South Africa. The primary objective is to critically evaluate the responsiveness offinancial institutions to funding requests from contractors and to delve into the intricacies ofthe funding process. Through a qualitative approach, the study aims to explore the diverserange of funding models that are currently employed by contractors, shedding light on boththeir strengths and limitations. Furthermore, the research endeavours to identify and analysethe various challenges that are associated with existing funding structures and offers, providingvaluable insights into potential areas for improvement. Additionally, by examining thepotential synergies between adequate funding and developmental programmes, this study seeksto ascertain their collective impact on the growth trajectory of contractors within the region.By conducting semi-structured interviews with registered construction contractors who faceindustry absorption challenges, this research aims to uncover rich qualitative data that canprovide a comprehensive understanding of the complexities that are inherent in the Small andMedium Enterprises (SME) contractor industry. Ultimately, the findings of this study areexpected to contribute to the enhancement of funding mechanisms and support systems thatare tailored to the unique needs of SME contractors; thereby fostering their sustainable growthand development.
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    The effectiveness of development finance institutions in South Africa in relation to Small and Medium Enterprises (SMEs)
    (2022) Xaba, Nonkosi
    With dire economic challenges in South Africa and understanding that Small and Medium Enterprises (SMEs) can play a role in fostering economic growth, there was a need to understand the effectiveness of state-owned Development Finance Institutions (DFIs). This was due to DFIs being mandated to assist SMEs access finance, since they tend to be excluded from traditional financiers. The main objective of this research was to uncover facts around the effectiveness of DFIs in relation to their mandate to support Small and Medium Enterprises. The study adopted a qualitative research methodology to achieve these objectives, using interviews as a data collection method and thematic analysis for data analysis. It was found that there were challenges with the process of accessing finance where DFIs were stringent and lengthy with their internal processes, which prioritized ensuring that SMEs were able to service the debt facility. Although DFIs provided business support to aid SMEs, the level of support was perceived to be misaligned with the specific needs of the SME. These findings led to the conclusion that state-owned DFIs in South Africa are moderately effective in relation to SMEs and only support SMEs to a limited extent. It was recommended that, to balance out the sustainability of DFIs without abandoning the development objectives; DFIs together with the government, can agree on a specific capital adequacy ratio (CAR). This allows for some flexibility within the DFIs internal processes so that they are not long or stringent because the focus is on being profitable
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    An initial study of disclosures related to responsible investing implementation
    (2021) Jacobson, Lori Tasmin
    Financial institutions (FIs) such as banks, insurance companies and pension funds have a significant impact on the environment through the financing they provide. Companies such as mining and oil and gas companies receive funding and use this for different projects, some of which have severe environmental and social consequences. This study examined the extent to which both the grantor of finance and the receiver of finance identify and apply responsible investment (RI) practices when making investment decisions. RI disclosure in the integrated reports of companies was examined to assist with the research. The study also examines if there is a relationship between companies listed on the FTSE/JSE RI index and the FTSE/JSE RI Top 30 index and the extent of their RI disclosure. The results of this research indicate that the extent of RI disclosure in FIs in South Africa is limited. The research further found that the extent of RI disclosure for the mining and oil and gas companies was stronger than for FI’s. Finally, the research found that there appears to be a correlation between companies listed on the indices and their RI disclosure. This was noted as companies on the indices have stronger RI disclosures than companies not on the index
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    A critical analysis into the Organisation for Economic Co-operation and Development ‘Standard for Automatic Exchange of Financial Account Information in Tax Matters’
    (2017) Mohanlal, Dhanesh
    The impact of the Organisation for Economic Co-operation and Development’s Standard on Automatic Exchange of Financial Account Information in Tax Matters has a significant impact on Financial Institutions globally. This paper aims to critically evaluate the current South African legislation and the obligations it places on financial institutions. The research also highlights the challenges faced by a financial institutions in interpreting and implementing the often complex requirements of the regulations with a particular focus on the following areas namely customer on-boarding and enhanced due diligence procedures, monitoring of accounts, remediation of the existing customer base, system development, and reporting to the South African Revenue Service. The research also looks into the readiness of developing countries in implementing the Automatic Exchange of Information. The research concludes with a discussion into the appropriateness of South Africa’s decision to agree to be one of the early adopters of this legislation despite the challenges identified above. Key Words: OECD, Standard on Automatic Exchange of Financial Account Information for Tax purposes, Common Reporting Standard, Financial Institutions.