21 |
Determinants of credit risk mitigation in lending to Black Economic Empowerment (BEE) companies, from a banker's perspective / A Banker's perspective on the determinants of credit risk mitigation in lending to Black Economic Empowerment (BEE) companiesMeyer, Petrus Gerhardus 08 May 2009 (has links)
Credit risk mitigation that can be applied by commercial banks in assessing the lending decision /credit risk when advances and equity investments are considered for BEE classified companies. / A research report presented to the Graduate School of Business Leadership, University of South Africa / The previous political dispensation limited black people’s participation in the South
African economy. Poor credit records, lack of training, resulting in skills and capacity
gaps further limited entry into the lending market. These aspects are considered the
main limitations in obtaining finance for the Small, Medium and Micro Enterprises
(SMMEs).
This research report focuses on how credit risk can be mitigated by commercial banks
in lending to Black Economic Empowerment (BEE) companies in the medium to large
market. Exploratory research was conducted using various methods to achieve
methodological triangulation. These methods consisted of a literature review,
interviewing experts in the field and case studies. A qualitative research approach was
followed. It was found that the lack of own contribution and security were still prevalent
in the medium to large market, but the quality of management (little training and skills)
was deemed not to be a limitation as suitable credit risk mitigants were identified. No
credit risk mitigants were identified to mitigate poor credit records. It is postulated that
by adopting and applying the identified credit risk mitigants, commercial banks can
increase their success rate in lending to BEE companies. It will further assist in the
transformation of black people and compliance with the Financial Services Charter.
It is recommended that a similar study be conducted in the agriculture, hunting,
forestry and fishing industry. The reasons why BEE companies applications are
declined could also be investigated. Further studies could also explore other external
factors such as economical, legal and social that could have an influence on the
funding of BEE companies.
|
22 |
Risk management associated with tariff-linked agreementsMahlatsi, Tsatsi Jonas 01 1900 (has links)
The study focuses on tariff-linked (or commodity-linked) agreements entered into between a power utility and commodity producers. The main purpose of these types of agreements is to link electricity tariff payable by commodity producers to the price of the commodity produced thereby transferring a certain level of commodity price risk to the power utility.
The study looks at risk management practices of a power utility company with a particular reference to tariff-linked agreements. Also, the study critically analyses risk hedging mechanisms put in place by the power utility. The report makes practical recommendations, where applicable, in dealing with these risks.
Risk management continuously evolve to meet the challenges of complex financial world. Despite the latest sophisticated risk management tools available commodity producers still encounter difficulties to hedge the price risk. The challenge for the power utility is the application of new risk management tools to effectively manage price risk. / Business Management / M.Com. (Business Economics)
|
23 |
Critical success factors for the implementation of an operational risk management system for South African financial services organisationsGibson, Michael David 02 1900 (has links)
Operational risk has become an increasingly important topic within financial institutions of late,
resulting in an increased spend by financial service organisations on operational risk management
solutions. While this move is positive, evidence has shown that information technology
implementations have tended to have low rates of success. Research highlighted that a series of
defined critical success factors could reduce the risk of implementation failure. Investigations into
the literature revealed that no critical success factors had been defined for the implementation of
an operational risk management system.
Through a literature study, a list of 29 critical success factors was identified. To confirm these
factors, a questionnaire was developed. The questionnaire was distributed to an identified target
audience within the South African financial services community. Reponses to the questionnaire
revealed that 27 of the 29 critical success factors were deemed important and critical to the
implementation of an operational risk management system. / Business Management / M. Com. (Business Management)
|
24 |
The impact of Enterprise Risk Management on firm value : evidence from Johannesburg Securities ExchangeChibvongodze, Rueben 02 1900 (has links)
Enterprise risk management (ERM) has emerged as a distinct model for managing a sophisticated portfolio of corporate risks. The purpose of this study was to determine the impact of ERM on firm value for companies on the Johannesburg Securities Exchange. The sample comprised forty-five firms from different industries over the period 2000-2016. Most studies used five or ten-year periods, using data derived from only one industry. Tobin’s Q was used as a proxy for firm value. Multivariate regression analysis was employed to determine statistical relationships. The findings indicate a significant correlation between ERM and Tobin’s Q, indicating that ERM significantly contributes to firm value. These findings may be used to develop and shape ERM policy frameworks for firms and countries. The study provides new insights, from an African emerging market context on the value effects of ERM. Larger and international samples may improve future studies. / Business Management / M. Com. (Business Management)
|
25 |
Risk management associated with tariff-linked agreementsMahlatsi, Tsatsi Jonas 01 1900 (has links)
The study focuses on tariff-linked (or commodity-linked) agreements entered into between a power utility and commodity producers. The main purpose of these types of agreements is to link electricity tariff payable by commodity producers to the price of the commodity produced thereby transferring a certain level of commodity price risk to the power utility.
The study looks at risk management practices of a power utility company with a particular reference to tariff-linked agreements. Also, the study critically analyses risk hedging mechanisms put in place by the power utility. The report makes practical recommendations, where applicable, in dealing with these risks.
Risk management continuously evolve to meet the challenges of complex financial world. Despite the latest sophisticated risk management tools available commodity producers still encounter difficulties to hedge the price risk. The challenge for the power utility is the application of new risk management tools to effectively manage price risk. / Business Management / M.Com. (Business Economics)
|
26 |
Critical success factors for the implementation of an operational risk management system for South African financial services organisationsGibson, Michael David 29 February 2012 (has links)
Operational risk has become an increasingly important topic within financial institutions of late,
resulting in an increased spend by financial service organisations on operational risk management
solutions. While this move is positive, evidence has shown that information technology
implementations have tended to have low rates of success. Research highlighted that a series of
defined critical success factors could reduce the risk of implementation failure. Investigations into
the literature revealed that no critical success factors had been defined for the implementation of
an operational risk management system.
Through a literature study, a list of 29 critical success factors was identified. To confirm these
factors, a questionnaire was developed. The questionnaire was distributed to an identified target
audience within the South African financial services community. Reponses to the questionnaire
revealed that 27 of the 29 critical success factors were deemed important and critical to the
implementation of an operational risk management system. / Business Management / M. Com. (Business Management)
|
27 |
A qualitative study of the competencies that should be covered by a specialised undergraduate degree in risk managementDe Swardt, Cecilia Jacoba 02 1900 (has links)
Purpose
The purpose of the research was firstly, to determine the competencies required of
risk managers and secondly, to consider the implications of such competencies in
determining possible modules for inclusion in the design of a specialised
undergraduate qualification in Risk Management.
Methodology
A qualitative research approach was followed, involving focus group interview
sessions as part of an Interactive Qualitative Analysis (IQA) research study. Focus
Group 1 comprised of academics teaching risk management at public universities in
South Africa, and Focus Group 2 comprised of risk management practitioners in
South Africa.
Findings
The competencies identified are business management and risk management
knowledge; attributes such as assertiveness and courage; values such as ethics and
integrity; as well as people, business and technical skills.
Research implications
The unique contribution of the current research was the innovative use of IQA for
data collection, the removal of subjectivity and the rigour in analysing and presenting
the results. The results are a starting point or foundation for the design of a
specialised undergraduate degree in risk management that will both meet the
requirements of the risk management profession and will equip learners with the best
possible combination of knowledge, skills, attributes, values and attitudes to
effectively manage risk in organisations. The implications for further research are
that a study of the design, benchmarking and validation of a curriculum framework
for a specialised undergraduate degree in risk management could be conducted.
The development of a curriculum framework or curriculum did not form part of the
scope of this study. / Okokuqala inhloso yocwaningo, ukuthola amakhono adingekayo kubaphathi
bezinhlekelele kanti okwesibili, ukubheka imiphumela yalokho kusebenza
ekunqumeni amamojuli angafakwa ekwakhiweni kweziqu ezikhethekile
ezingakaphothulwa ngabafundi ku-Risk Management. Kwalandelwa indlela
yocwaningo efanelekile, ebandakanya izikhathi zokuxoxisana zamaqembu
njengengxenye yocwaningo lwe-Interactive Qualitative Analysis (IQA). I-Focus
Group yoku-1 inabafundi abafundisa ukulawulwa kwezinhlekelele emanyuvesi
vi
kahulumeni aseNingizimu Afrika, kanye neFocus Group yesi-2 inabasebenzi
bokulawulwa kobungozi eNingizimu Afrika. Amakhono ahlonziwe ukuphathwa
kwebhizinisi nolwazi lokulawulwa kobungozi; anezimpawu ezinjengokuzethemba
kanye nokuba nesibindi; ubugugu obufana nokuziphatha nobuqotho; kanye nabantu,
amakhono ebhizinisi nezobuchwepheshe. / Die doel van die studie was eerstens om die bekwaamhede waaroor
risikobestuurders moet beskik te bepaal, en tweedens, wat die implikasies van
sodanige bekwaamhede inhou vir die modules vir insluiting in die ontwerp van ‘n
gespesialiseerde voorgraadse kwalifikasie in Risikobestuur. Die studie het ‘n
kwalitatiewe navorsingsbenadering gevolg deur gebruik te maak van
fokusgroepsessies as deel van ‘n Interaktiewe Kwalitatiewe Ontleding (IKO)
navorsingstudie. Fokusgroep 1 het bestaan uit akademici wat risikobestuur by
openbare universiteite in Suid-Afrika doseer, en Fokusgroep 2 het uit
risikobestuurpraktisyns in Suid-Afrika bestaan. Die bekwaamhede wat identifiseer is,
is kennis van ondernemingsbestuur en risikobestuur; eienskappe soos
selfgeldendheid en moed; waardes soos etiek en integriteit; asook mense, sake en
tegniese vaardighede. / Finance, Risk Management and Banking / M. Com. (Risk Management)
|
Page generated in 0.024 seconds