Faculty of Commerce, Law and Management (ETDs)

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    Entrepreneurial Orientation and Performance within the South African Minibus Taxi Industry
    (University of the Witwatersrand, Johannesburg, 2021) Kier, Jessica; Urban, Boris
    The primary purpose of this research is to understand the relationship between the three dimensions of entrepreneurial orientation within the South African minibus taxi industry. This industry is pivotal to the South African economic structure and landscape as a whole. The taxi industry serves as the main mode of public transport in South Africa. A survey was used to conduct an empirical research study. A sample size of 120 participants was originally selected; however, of those 120, only 95 surveys were valid and used due to missing values in the data provided in the others. This sample size is representative of the population concerning the taxi industry. The research instrument included a 7-point Likert scale. Further, the instrument included demographic coverage and sections covering the three entrepreneurial orientations’ dimensions. The aim of this study is to understand the extent to which entrepreneurial orientation enables small- to medium-enterprise growth performance within the South African taxi industry. Empirical data to support research suppositions is difficult to access within the public domain, but this research identified and provided an analysis extracted from private enterprise which fills the gap in the current research literature space. The results indicated a weak positive influence between the three dimensions of entrepreneurial orientation and growth performance within the industry. Due to the significance of the findings, the results are not strong enough for generalising the same findings for the entire South African minibus taxi population. This industry is the main source of public transport within the country and needs to increase its literature in order to grow and further improve. Further findings can contribute to the understanding of the complexity that surrounds the industry’s atmosphere. The value of working to formulate constructive information on the taxi industry will allow for further engagement within the field
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    Determinants of Growth and Profitability of the Aviation Industry
    (University of the Witwatersrand, Johannesburg, 2023) Sepeng, Reabetswe Tiisetso; Odei-Mensah, Jones
    Despite the recent decrease in growth rates, there has been a significant growth in the airline industry over the years which is evident in the increase in the number of passengers and networks before the Covid-19 pandemic, thus making the growth attributable to the increase in people’s propensity to fly. In this study, the performance of airline industries is measured in terms of the growth rate and the profitability for each region within emerging markets, namely: Africa, Asia-Pacific, Middle East, Latin America, North America and Europe. Due to a constraint in data availability, the duration of interest is between 2009 and 2017, thus excluding the effects of the covid-19 pandemic which took place in 2020. The problem this study addresses is the discrepancy identified between the growth statement made in the global context and what has been observed in emerging markets. This is done by assessing how some of the determinants that have been reported in the literature to fuel growth and profitability, affect airline companies and by investigating the relationship between the profitability and growth of airline companies in the context of emerging markets. Three different methods were used to achieve the research objectives of this study, namely: correlation, Granger causality and regression analysis. In response to the first research question, it was found that oil price fluctuations, GDP, passenger yield, size and liquidity have an effect on the growth of airline companies in emerging markets while only liquidity and fleet size to a smaller extent, have an effect on the profitability thereof. In response to the second research question, it was found that there is no significant relationship between the growth and profitability of airline companies in emerging markets. The recommendations made in the study include using a dynamic panel approach for any further research in order to increase the robustness of the study and to reduce any issues associated with endogeneity. In terms of policy and/or management recommendations, depending on the management strategy in place, the determinants should be prioritizedbased on whether the chosen business model is in pursuit of growth or profitability since the study has shown the relationship between these to be insignificant for airline companies in emerging markets
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    Access to finance by black-owned small and medium enterprises operating in the South African agro- processing sector
    (University of the Witwatersrand, Johannesburg, 2022) Tjabadi, Jazzino; Mazonde, Nomusa
    Small and medium enterprises (SMEs) make a meaningful contribution to economic growth, job creation and poverty alleviation. Despite this, there is a low creation and high failure rate of new small businesses in South Africa. Access to finance is considered the main contributing factor, particularly amongst black-owned SMEs. South Africa has identified agro-processing industry as a sector with high potential to spur growth and create jobs because of strong linkage with primary agriculture. Against this background, this study sought to investigate the factors that hinder access to finance by black-owned SMEs operating in the agro-processing sector in South Africa and explore other key factors that threaten their long-term survival. This research contributes to solutions aimed at addressing the root causes attributable to SMEs’ inability to access funding from the formal financial institutions and government agencies. Using qualitative research method, data was collected from black SME entrepreneurs through semi-structured, in-depth interviews and analysed using content analysis. Purposeful sampling was used to identify and select the participants. The insights gained from the research highlights that black-owned SMEs are severely impacted by funding and market access issues, amongst others. The findings revealed that black SME entrepreneurs prefer to use own capital and/or funds from family and friends to start and grow their businesses. Complex processes, unsuitable financial products, high interest rates, unfavourable repayment terms and favouritism in government schemes were found to be amongst the key factors that discourage SMEs from applying for formal institutional finance. Other factors such as limited access to information about available funding sources and access to market opportunities significantly influence the long-term success of black- owned SMEs. To develop a sustainable, long-term financing model for SMEs, it is recommended that government, in partnership with the private financial institutions, establish a small business financing institution for SMEs in the agro-processing industry. To avoid the major deficiencies plaguing the existing government schemes, this should be a private, stand-alone entity funded by the government and private financial sector. The new institution should introduce new, innovative financing solutions that are tailored for start-up and early-stage SMEs.