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Thesis (MBA)--Stellenbosch University, 2008. / ENGLISH ABSTRACT: The improvement of economic growth and development is a strategic priority for the South African government. It is important in all developing economies, but more so in South Africa due to the abnormally high levels of poverty, unemployment and income inequality. Substantive failure in addressing these circumstances may lead to social unrest in a democracy that is still in many respects in its infancy. AsgiSA is an initiative that was launched in 2006 as a further development on the first two developmental strategies followed post 1994, namely the Reconstruction and Development Programme and the Growth, Employment and Redistribution strategy. This research study sets out to examine the background to AsgiSA, its binding constraints and challenges facing the initiative. In doing so, the report draws comparisons with two other successful developing economies, namely Chile and Malaysia. These countries were chosen because of the social, economic and political similarities they share with South Africa. The report examines the concept of binding constraints as espoused by AsgiSA and focuses specifically on the volatility and level of the rand, the skills constraint and the regulatory environment. The research shows that there is no compelling evidence that a particular level of the rand should be targeted. The volatility of the rand is however a constraint to economic growth as represented by export growth. The shortage of suitable skills in the labour force is found to be a significant constraint to economic growth and development. The origin of this skills constraint is found in a combination of the economic and political history. South Africa's economic and political development path did not promote a diversified and skilled labour force which is well placed to capitalise on the opportunities of global trade. The lack of educational advances after 1994 has not improved this dilemma, and in recent years immigration has exacerbated the problem. Together with the skills constraint, the current regulatory environment acts as a significant constraint to economic growth. The regulatory burden is increasing and it was found that the burden is disproportionately carried by medium and small enterprises. A comparison with the successes of Chile and Malaysia shows that government has a very important role in facilitating economic growth in developing countries. Market oriented policies aimed at regulatory reforn, liberalisation and integration with the world economy lead to superior economic growth and development. The ability to change and even abandon strategies which prove to be unsuccessful and laden with ideology is required. AsgiSA is found to be a sound approach to economic growth and development in South Africa. With the exception of the level of the rand, the constraints identified all have significant negative influences on the economy. The document has however not been followed up with enough concrete and practical plans to give effect to its objectives. To ensure AsgiSA reaches its objectives it will be necessary for the government to act with political will and administrative competence in implementing the reforms that address the binding constraints. It is doubtful if the current government possesses the will and competence to give effect to the measures that will make a success of Asgisa. / AFRIKAANSE OPSOMMING: Die bevordering van ekonomiese groei en ontwikkeling is 'n strategiese prioriteit van die Suid-Afrikaanse regering. Belangrik vir alle ontwikkelende ekonomiee, is dit veral die geval in Suid-Afrika weens die hoe vlakke van werkloosheid, amnoede en inkomste ongelykhede. Wesenlike mislukking om hierdie probleme aan te spreek kan lei tot sosiale onrus in 'n demokrasie wat in vele opsigte in sy kinderskoene staan. AsgiSA is geloods in 2006 en is 'n uitbreiding van die eerste twee ekonomiese strategiee wat gevolg is na 1994, naamlik die Heropbou-en Ontwikkelingsprogram en die Groei-, Indiensneming- en Herverdelingstrategie. Hierdie studie het ten doel 'n ondersoek na die agtergrond van AsgiSA, die geidentifiseerde beperkings en die uitdagings van die inisiatief. Die studie tref vergelykings met twee suksesvolle ontwikkelende ekonomiee, naamlik Chile en Maleisie. Hierdie lande is gekies weens sosiale, ekonomiese en politieke ooreenkomste met Suid-Afrika. Die studie ondersoek die beginsel van bindende beperkings soos verval in AsgiSA en fokus op die vlak en wisselvalligheid van die rand, die gebrek aan vaardighede en die regulatoriese omgewing. Daar word bevind dat daar geen sterk bewyse is dat die vlak van die rand 'n langtermyn beperking op ekonomiese groei het nie. Die wisselvalligheid van die rand dien egter as 'n beperking op ekonorniese groei soos veral verteenwoordig deur groei in uitvoere. Die tekort aan geskikte vaardighede in die arbeidsmark is 'n wesenlike beperking tot ekonomiese groei en ontwikkeling. Die ontstaan van hierdie beperking is te wyte aan die ekonomiese en politieke ontwikkelingsgeskiedenis van Suid-Afrika. Hierdie ontwikkelingsgeskiedenis het nie gelei tot 'n gediversifiseerde en vaardige arbeidsmark wat die geleenthede van internasionale handel kan benut nie. Die gebrek aan vordering in die kwaliteit van opvoedkunde na 1994 en die huidige tendens van geskoolde immigrasie vererger die probleem. Tesame met die vaardigheidstekort dien die huidige regulatoriese raamwerk as 'n wesenlike beperking op ekonomiese groei. Die regulatoriese raamwerk dien as 'n las wat veral op klein en medium besighede ernstige beperkings plaas. 'n Vergelyking met die sukses van Chile en Maleisie toon dat regerings in ontwikkelende ekonomiee 'n belangrike rol speel in ekonomiese ontwikkeling. Markgerigte beleid gemik op regulatoriese hervorming, liberalisering en integrasie met die wereldekonomie lei tot hoer ekonomiese groei en ontwikkeling. Daar is ook getoon dat die vermoe om ideologiese beleid wat nie suksesvol is nie aan te pas of te laat vaar noodsaaklik vir sukses is. Die gevolgtrekking word gemaak dat AsgiSA 'n goeie vertrekpunt tot ekonomiese groei en ontwikkeling is. Met die uitsondering van die vlak van die rand het die geidentifiseerde beperkings 'n wesenlike negatiewe invloed op die ekonomie. AsgiSA word egter nie opgevolg met voldoende praktiese en konkrete planne om die doelwitte te behaal nie. Om te verseker dat die AsgiSA doelwitte behaal word is dit nodig dat die regering met politieke en administratiewe bedrewenheid hervormings deurvoer wat die beperkings aanspreek. Dit is te betwyfel of die huidige regering oor die politieke wil en bevoegdheid beskik om die nodige maatreels aan te gaan wat AsgiSA se sukses sal verseker.

Microfinance and microcredit are relatively new concepts in South Africa, yet the industry has experienced significant consolidation and growth. The industry appears to be progressing towards a sustainable growth phase. The aim of this paper is to study the problems experienced by the microfinance industry in South Africa, with regard to supply-side credit. Respondents ranked 26 challenges affecting the growth of MFIs in South Africa in order to establish the degree in which these issues affected their organisations. The top six issues impacting on the growth of the South African MFIs are: - High operational cost - Increased competition from commercial banks - Increased competition from MFIs - Legislation and regulatory framework - Fraud, There are solutions to most of these challenges. The industry can learn from a recommendation by Africa Diagnostic, which are: “The client must come first; groom leaders; and highlight transparency. All these recommendations are discussed at length.

<p>This research investigated experiences of the Saamwerk equity scheme as a framework to analyze the ways in which the scheme has achieved the objectives of land reform. It reviewed the role of this scheme in relation to the experiences and perceptions of beneficiaries about the extent to which this scheme has or has not improved their living conditions.</p>

Thesis submitted to the Wits Business School, Faculty of Commerce, Law, and Management, in fulfilment of the requirements for the Doctorate Degree in Entrepreneurship University of the Witwatersrand September 2016 / Many research findings have highlighted the importance of numerous sustainability factors needed for the growth and development of entrepreneurship. Sustainability factors such as finance, environmental stability, and good management practices determine the likely success of entrepreneurial activities. These factors are sometimes referred to as success factors and have been found to boost entrepreneurial activities as well as enhance the industrialisation process in many economies. Interestingly, entrepreneurship evolves across distinctive phases from conception to becoming a full-fledged enterprise, with sustainability factors determining the extent of success in each identifiable phase. This study was, therefore, designed to ascertain the most crucial sustainability factors necessary for navigating through entrepreneurship phases in two major emerging economies in Africa- Nigeria and South Africa. It was also designed to estimate the probability of successfully moving from one entrepreneurship phase to another, with a comparative analysis of the findings from these distinctly representative economies. Primary data was collected through administration of questionnaire to and in-depth interviews of selected respondents in the commercial capital cities of the two sample economies- Lagos and Johannesburg. STATA and Atlas Ti were used for the quantitative and qualitative analysis, respectively. The quantitative analysis was in two stages; stage one involved descriptive statistics while stage two involved inferential statistics. The results showed that relevant sustainability factors vary across entrepreneurship phases, and were peculiar to either economy. Further, some similarities exist in the sustainability factors relevant in identical phases in both economies. The results also confirmed that some factors are more crucial than others in some entrepreneurship phases. Furthermore, the probability estimates of moving from one entrepreneurship phase to another in both economies revealed the most volatile and least volatile phases in the entrepreneurship evolution. Based on the findings of this study, some policy suggestions are made, and areas for further research are identified. Financial and non-financial supports are also recommended for entrepreneurs in the volatile phases. Given the relative importance of the sustainability xii factors in each entrepreneurship phase and economy, the policy makers and other stakeholders would be aware of the core areas to channel necessary interventions. Many research findings have highlighted the importance of numerous sustainability factors needed for the growth and development of entrepreneurship. Sustainability factors such as finance, environmental stability, and good management practices determine the likely success of entrepreneurial activities. These factors are sometimes referred to as success factors and have been found to boost entrepreneurial activities as well as enhance the industrialisation process in many economies. Interestingly, entrepreneurship evolves across distinctive phases from conception to becoming a full-fledged enterprise, with sustainability factors determining the extent of success in each identifiable phase. This study was, therefore, designed to ascertain the most crucial sustainability factors necessary for navigating through entrepreneurship phases in two major emerging economies in Africa- Nigeria and South Africa. It was also designed to estimate the probability of successfully moving from one entrepreneurship phase to another, with a comparative analysis of the findings from these distinctly representative economies. Primary data was collected through administration of questionnaire to and in-depth interviews of selected respondents in the commercial capital cities of the two sample economies- Lagos and Johannesburg. STATA and Atlas Ti were used for the quantitative and qualitative analysis, respectively. The quantitative analysis was in two stages; stage one involved descriptive statistics while stage two involved inferential statistics. The results showed that relevant sustainability factors vary across entrepreneurship phases, and were peculiar to either economy. Further, some similarities exist in the sustainability factors relevant in identical phases in both economies. The results also confirmed that some factors are more crucial than others in some entrepreneurship phases. Furthermore, the probability estimates of moving from one entrepreneurship phase to another in both economies revealed the most volatile and least volatile phases in the entrepreneurship evolution. Based on the findings of this study, some policy suggestions are made, and areas for further research are identified. Financial and non-financial supports are also recommended for entrepreneurs in the volatile phases. Given the relative importance of the sustainability xii factors in each entrepreneurship phase and economy, the policy makers and other stakeholders would be aware of the core areas to channel necessary interventions. Many research findings have highlighted the importance of numerous sustainability factors needed for the growth and development of entrepreneurship. Sustainability factors such as finance, environmental stability, and good management practices determine the likely success of entrepreneurial activities. These factors are sometimes referred to as success factors and have been found to boost entrepreneurial activities as well as enhance the industrialisation process in many economies. Interestingly, entrepreneurship evolves across distinctive phases from conception to becoming a full-fledged enterprise, with sustainability factors determining the extent of success in each identifiable phase. This study was, therefore, designed to ascertain the most crucial sustainability factors necessary for navigating through entrepreneurship phases in two major emerging economies in Africa- Nigeria and South Africa. It was also designed to estimate the probability of successfully moving from one entrepreneurship phase to another, with a comparative analysis of the findings from these distinctly representative economies. Primary data was collected through administration of questionnaire to and in-depth interviews of selected respondents in the commercial capital cities of the two sample economies- Lagos and Johannesburg. STATA and Atlas Ti were used for the quantitative and qualitative analysis, respectively. The quantitative analysis was in two stages; stage one involved descriptive statistics while stage two involved inferential statistics. The results showed that relevant sustainability factors vary across entrepreneurship phases, and were peculiar to either economy. Further, some similarities exist in the sustainability factors relevant in identical phases in both economies. The results also confirmed that some factors are more crucial than others in some entrepreneurship phases. Furthermore, the probability estimates of moving from one entrepreneurship phase to another in both economies revealed the most volatile and least volatile phases in the entrepreneurship evolution. Based on the findings of this study, some policy suggestions are made, and areas for further research are identified. Financial and non-financial supports are also recommended for entrepreneurs in the volatile phases. Given the relative importance of the sustainability xii factors in each entrepreneurship phase and economy, the policy makers and other stakeholders would be aware of the core areas to channel necessary interventions. / GR2018

<p>This research investigated experiences of the Saamwerk equity scheme as a framework to analyze the ways in which the scheme has achieved the objectives of land reform. It reviewed the role of this scheme in relation to the experiences and perceptions of beneficiaries about the extent to which this scheme has or has not improved their living conditions.</p>

Text in Afrikaans / The growth and development of Randfontein is analysed within a spatial perspective. The theoretical point of departure is found in settlement geography and in the spatial economic approach. As continuous perspective, the PWV serves as major metroplitan region, of which Randfontein is a functional subsystem. Information has been obtained from businessmen, industrialists, the local authorities and the inhabitants of Randfontein. The economic sectors (mining, manufacturing and services) are analysed 1n terms of their contribution (or lack of) to the course of the economic realities in town. The behaviouristic approach provides a perspective 1n the sense that behavioral patterns are prominently analysed. A special technique of analyses is used to highlight the economic activities of Randfontein (with the graphic illustrations), by determining strong and weak factors. Problems that have been experienced in terms of the economic activities of Randfontein are identified and possibilities for the future are stipulated. / Educational Studies / M.A. (Geography)

Thesis (MDF)--Stellenbosch University, 2012. / ENGLISH ABSTRACT: The effects that capital market development has on growth, specifically whether capital market development can lead to growth, have been widely debated. Studies have been conducted on modernised and sophisticated economies that give evidence of the existence of such a relationship. However, with the current increase in African economic growth rates scholars and policy makers are beginning to question the validity of the relationship in the African context. In addition, the jury is still out on whether capital market development causes growth, or whether growth causes capital market development, and what the nature and transmission mechanism of the relationship is. This study is guided by King and Levine (1993c) as well as literature reviews from various researchers. The study conducts a quantitative analysis of the South African capital markets, more specifically the Johannesburg Stock Exchange, in order to provide insight into the relationship between capital market development and growth. The time series regression analysis is conducted over the 1996-2006 period.

Thesis (M.Com (Economics and Economic History))--Rhodes University, 2006.

Text in Afrikaans / The growth and development of Randfontein is analysed within a spatial perspective. The theoretical point of departure is found in settlement geography and in the spatial economic approach. As continuous perspective, the PWV serves as major metroplitan region, of which Randfontein is a functional subsystem. Information has been obtained from businessmen, industrialists, the local authorities and the inhabitants of Randfontein. The economic sectors (mining, manufacturing and services) are analysed 1n terms of their contribution (or lack of) to the course of the economic realities in town. The behaviouristic approach provides a perspective 1n the sense that behavioral patterns are prominently analysed. A special technique of analyses is used to highlight the economic activities of Randfontein (with the graphic illustrations), by determining strong and weak factors. Problems that have been experienced in terms of the economic activities of Randfontein are identified and possibilities for the future are stipulated. / Educational Studies / M.A. (Geography)