Faculty of Commerce, Law and Management (ETDs)

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    Is the Fed Hindering Development? Impacts of US interest rates on growth, income distribution and macroeconomic policy space in developing countries: a demand-led growth model
    (University of the Witwatersrand, Johannesburg, 2023) Vaz, João Emboava; Hein, Eckhard; Lavoie, Marc; Tinel, Bruno
    The US Fed has responded to recent inflation pressures with the most rapid interest rate hike since the 1979-82 Volcker’s disinflation. The hike in the beginning of the 1980s was followed by harsh external crises in the developing world, especially in Latin America. The current situation adds tot that the role the US monetary policy plays on quickly shifting massive capital flows in a world of open and volatile capital accounts (Rey, 2015). On the other hand, interest rate levels remain low on historical levels and developing countries come from decades of relative growth and record international reserve accumulation. Following the recent development in external policy space debates, this thesis aims to understand how a deterioration of external conditions, especially through higher foreign interest rates, may impact growth, income distribution, and macroeconomic policy space in developing countries.
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    Adoption of locally developed Metal Additive Manufacturing Technology: Evaluation of South Africa’s manufacturing industry’s readiness
    (University of the Witwatersrand, Johannesburg, 2021) Sono, Oscar James Hendrick; Wotela, Kambidima; George, James
    Presently, Metal Additive Manufacturing (MAM) has progressed to the stage where the manufacture of components for industries such aerospace, energy, automotive and medical industries, are possible to a high degree of reliability. The South African government has invested substantially on the technology’s advancement through various government entities, publicly funding the research and development programmes and infrastructure developments. Yet the adoption of the technology remains slow, contrast to the USA and other European countries. Therefore, this thesis sought to explore the readiness of South Africa’s manufacturing industry to adopt locally developed MAM technologies. This was undertaken by employing a quantitative research approach, in which a cross- sectional design survey was used to conduct the interrogation, guided by innovation diffusion theories, particularly DOI. The study applies descriptive analysis to determine the current state of MAM adoption and the level of awareness about the technology within the industry. Backward multiple regression was used to determine if cost, organizational capability, and potential job loss have an impact on the adoption of the technology within the industry testing the three hypotheses. The results indicated that the state of MAM adoption within the manufacturing industry was low, with only three machines owned/leased, and potential adopters that are likely to uptake the technology, believing it can bring value-add to their organisations. These potential adopters are familiar with awareness programmes driving MAM campaigns. On the other hand, they also indicated reasons they believed would lead to non-uptake of the technology, the non-adopters did too, with cost of material being the leading constraint. Furthermore, results of tested hypotheses inferred a causal relationship between the adoption of MAM technology and the variables, and the impact was significant on its uptake or non-uptake. However, it was important to note that the sample size was low to take a conclusive stance, hence the researcher recommends a continuation of the study
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    Community participation in rural development at Ga-Maja in the Limpopo Province
    (University of the Witwatersrand, Johannesburg, 2021) Tema, Mokgatla Bernice; Khumalo, John
    Public participation in development, in South Africa, is embraced in the country’s Constitution and various legislative and policy frameworks. Despite this, participation is not adequately institutionalised in government, including in local government. The purpose of this study is to explore how community members perceive community participation in decision-making about and implementation of rural development programmes. The research is a qualitative case study with focus on the village of Ga-Maja in the Limpopo province. The research has, among others, found that the community is not fully engaged in its development. It has also established that conflict between the ward councillors and the traditional leadership is a hindrance to community participation in development. This conflict is largely caused by the vague description of the role of traditional leadership in government’s policy documents. Accordingly, government should empower the traditional leadership to play a definitive role in the development of rural communities
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    The Role of Philanthropy in Women Development through Food Security
    (University of the Witwatersrand, Johannesburg, 2022) Makhubele, Thandi; Qobo, Mzukisi
    Food insecurity remains one of the critical issues for countries in the African continent. According to Pérez-Escamilla, (2017, p. 1), “food insecurity occurs when people do not have access to nutritious food and where food production is inadequate.” Most of the world’s rural population relies on agriculture for its livelihoods and to bolster their local economies (The World Bank Group, 2020). Small-scale farmers are the backbone of the agricultural sector in most rural areas. They (Small-scale farmers) provide access to food for vulnerable groups, including women and children (Misselhorn & Hendriks, 2017). Meanwhile women are the most affected by food insecurity, even though they are the main contributors to food production in most Sub-Saharan countries (Doss, 2018). Women in rural areas, in particular, rely on agriculture to fight food insecurity and to participate in local economies. In South Africa, small-scale women farmers ranked lowest in income accumulation, equal access to food production resources such as land and markets and financing (Sishuba, 2019). For this reason, government subsidies and philanthropic support are crucial for engaging women and assisting them with resources that can allow them to have equal access to land, resources, skills, and finances as their male counterparts. This research investigated the intersection between and among philanthropy, food security and women-owned initiatives in the agricultural sector in Limpopo. The study focuses on small- scale women farmers in the Vhembe and Capricorn districts in Limpopo, the two regions that are popular for large scale farming in South Africa. The research sought to answer the question; ‘what is the contribution of philanthropy to women development in the agriculture sector?’ A qualitative research approach was employed to explore the role of philanthropic organisations in women development, particularly in the agricultural sector in Limpopo. Two questionnaires through an online survey were used as the main methods to collect primary data . Forty seven (47) respondents were targeted. Of these, twenty four (24) were small scale farmers while twenty three (23) were drawn from philanthropic organisations operating in South Africa
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    The impact of ICT on rural communities in KwaZulu Natal
    (University of the Witwatersrand, Johannesburg, 2022) Ngcamu, Nkonzenhle; Mogotsi, Keratiloe
    The importance of Information Communication and Technologies (ICT) as a driver of community development is increasing in South Africa, especially for the rural communities that have been neglected from technological infrastructure deployment. It is an urgent need for developing countries like South Africa to invest in ICTs in the rural areas to eradicate digital divide and to enable these communities to partake in the digital world. The main objective of this research study is to investigate the factors that impact the deployment of ICT infrastructure in the less dense communities of KwaZulu Natal province in South Africa. There are a number of factors that has an effect on the spread of ICT which then limits the rate of adoption of these technologies. Using Rogers’s three attributes of diffusion of innovation theory, relative advantage, compatibility, and complexity, to explore the rate of ICT adoption in rural communities. Data was collected at three district municipalities, King Cetshwayo, eThekwini, and iLembe through a survey. A total of 396 people participated in this study and then a critical data analysis was computed. It is found that relative advantage and complexity have a negative effect on adoption and compatibility has a positive impact on adoption. Though Mndzebele (2013) found that relative advantage has no relationship with adoption but (Marak et al., 2019) found it to be negatively significant. Complexity is found to be significant but with an inverse relationship to adoption of ICT. Previous researchers have found a similar output in regard to technological innovations (Fong, 2009; Ibrahim & Monsurat, 2015; Mndzebele, 2013). Also, the highest level of education and employment status are significant predictors of ICT adoption. On the other hand, age range and gender are insignificant predictors. The outcome of this study will assist ICT service providers with a developed framework they can use to successfully deploy infrastructure in these communities
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    Assessing State Capacity in South African Industrial Policy Design and Implementation in a Changing Global Landscape
    (University of the Witwatersrand, Johannesburg, 2022) Diale, Rapula Comfort; Nkunzi, Sibulele
    South Africa has sought to transform and reindustrialise its economy. Through its industrial policy, it has intervened in several manufacturing sub-sectors. Despite the numerous state interventions, the South African manufacturing sector continues to deteriorate. The shorting comings of industrial policy have raised fresh questions of whether the Department of Trade Industry and Competition (DTIC) and the state, including its private sector partners, have sufficient capacity to design and implement appropriate industrial policy. This paper aims to assess state capacity in South African industrial policy design and implementation. In so doing, it analyses developmental economic literature, including the Weberian state, the developmental state, the human capacity theory and the bureaucratic rationale theory. The evidence for this research was collected through interviews with key stakeholders in the industrial policy, including thought leaders, policy researchers, policymakers, and academics. The paper finds that to achieve successful policy intervention; the country needs to develop supportive institutions and systems in industrial policy across government departments and different spheres of government. It further argues that the state outsourcing policy research capacity, if used correctly, can be developmental; however, the incorrect usage of outsourced capacity is detrimental to state capacity