Gininda, Nhlakanipho Blessing2025-03-122024Gininda, Nhlakanipho Blessing . (2024). The effect of coal price volatility on the performance of South African coal mining firms [Master’s dissertation, University of the Witwatersrand, Johannesburg].WireDSpace..https://hdl.handle.net/10539/44232https://hdl.handle.net/10539/44232A research report submitted in partial fulfillment of the requirements for the degree of Master of Management Finance and Investments to the Faculty of Commerce, Law, and Management, Wits Business School, University of the Witwatersrand, Johannesburg, 2024This study examines the impact of coal price volatility on the performance of South African coal mining firms, focussing on interdependence and spillover effects within the industry. Utilizing quantitative models and econometric methodologies, the research reveals substantial directional spillover effects among South African coal firms, highlighting their interconnectedness. Through pair-wise directional spillover connectivity and rolling window analyses, significant patterns in coal price volatility and its impact on firm performance are identified. These findings offer valuable insights for enhancing risk management techniques, guiding investment decisions, and shaping policy actions to support resilience and sustainability in the South African coal industry. Furthermore, this research deepens the understanding of coal market dynamics, providing practical suggestions for industry stakeholders to address challenges from coal price volatility and improve their competitive position in the global energy sector. By addressing the unique dynamics of interconnections among South African coal enterprises, this study fills a gap in the existing literature, as these interdependence and spillover effects have not been extensively explored in previous research. It advances the understanding in the field by detailing the transmission mechanisms and interdependencies within the region, contributing to the broader knowledge on spillover effects in commodity markets, and offering crucial implications for stakeholders.en© 2025 University of the Witwatersrand, Johannesburg. All rights reserved. The copyright in this work vests in the University of the Witwatersrand, Johannesburg. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of University of the Witwatersrand, Johannesburg.Coal Price VolatilityPerformanceSpillover EffectsMarket DynamicsQuantitative MethodologyInterconnectednesUCTDSDG-7: Affordable and clean energyDissertationUniversity of the Witwatersrand, Johannesburg