Thesis (MBA (Business Management))--University of Stellenbosch, 2007. / AFRIKAANSE OPSOMMING: Globalisering, tegnologiese vooruitgang, die Internet en veranderinge in Suid-Afrika vanaf 1994 het bygedra tot die huidige nuwe ekonomie. Indien organisasies wil oorleef in die nuwe ekonomie sal hulle moet aanvaar dat die nuwe ekonomie ‘n aantal nuwe uitdagings te weë gebring het tot die manier waarop besigheid gedoen word in Suid-Afrika en in die res van die wêreld. In die nuwe ekonomie moet organisasies takties te werk gaan om volgehoue sukses te verseker. Besluitnemers moet die impak wat die nuwe ekonomie op hulle besigheid en hul stand in die betrokke mark het analiseer en strategiese beplanning doen oor hoe die organisasie gaan aanpas in die nuwe ekonomie om oorlewing te verseker in ‘n mark wat aanhoudend verander. Verwantskappe met interne en eksterne belangegroepe en deelhebbers is van kardinale belang in die nuwe ekonomie. Organisasies moet hul fokus plaas op verwantskappe met belangegroepe wat deel is van die besigheidsproses en sodoende deelhebbers beïnvloed tot voordeel van die organisasie. ‘n Aantal nuwe toetreders tot die mark (klein tot medium ondernemings en internasionale organisasies wat investeer in Suid-Afrika) het ‘n beduidende toename in mededinging veroorsaak. Die toename in mededinging het op sy beurt gelei tot ‘n groter veskeidenheid aanbiedinge wat beskikbaar gestel word aan verbruikers en ander belangegroepe. Die reputasie van ‘n organisasie, sy produkte en sy werknemers speel ook ‘n baie belangrike rol in die nuwe ekonomie aangesien belangegroepe en deelhebbers verkies om geassosieer te word met geloofwaardige en suksesvolle organisasies, produkte en dienste. Dit is dus belangrik dat indien ‘n organisasie will oorleef in die nuwe ekonomie moet die organisasie homself onderskei van ander en seker maak dat hulle ‘n plek in die gedagtes van hulle belangegroepe en deelhebbers toe eien. Die enigste manier om ‘n mededingende voordeel binne die nuwe ekonomie te bewerkstellig is om die besigheid takties in die gedagtes van alle belangegroepe en deelhebbers te posisioneer. As gevolg van die uitdagings en veranderinge wat die nuwe ekonomie te weeg gebring het kan ‘n organisasie nie langer net staat maak op tradisionele bemarkingsbeginsels om hulle self te posisioneer nie. ‘n Posisionerings- (of plasings-) strategie moet ontwikkel en toegepas word deur ‘n stelsel benadering te volg waar die hele organisasie betrokke is in posisionering. Die navorser het hierdie studie aangepak omrede ‘n handleiding te ontwerp en daar te stel vir besluitnemers in organisasies wat hul betrokke organisasies takties wil posisioneer in die nuwe ekonomie. Om die konsepsionele model vir posisionering (of plasing) van ‘n organisasie in die nuwe ekonomie daar te stel het die navorser kwalitatiewe navorsing gedoen wat ‘n studie van gepaste vak-inhoud, teorieë, beskikbare studiemateriaal, opinies van deskundiges en ‘n inhouds-analise van steekproef onderhoude ingesluit het. Die resultaat van die studie is ‘n goed geformuleerde teoretiesie model vir posisionering van ‘n organisasie in die nuwe ekonomie wat enige organisaie wat dit toepas in sy geheel sal bevoordeel en sy posisionering sal versterk. / ENGLISH ABSTRACT: Globalisation, technological enhancements, the Internet and changes in South Africa from 1994 led to the current new economy. If a company wants to survive in the new economy it will have to realise that the new economy brings a number of challenges to the way that business is conducted in South Africa and abroad. Companies need to work tactically in the new economy business environment to ensure sustainability. Decision-makers are to access the impact that the new economy has on the company and its position in the market and strategise how to adapt to the new economy in order to survive in an ever changing market. In the new economy relationships with internal and external stakeholders have become more important and companies need to focus on the relationships within its value chain in order to influence its stakeholders to the benefit of the company. Competition has increased due to a number of new entrants to the market (small to medium enterprises and international companies investing in South Africa) which led to a vast amount of offerings being available to consumers and other stakeholders. The reputation of a company, its products and its employees also play an important role in the new economy as stakeholders want to be associated with a credible and successful company, product or service. It is thus important that if a company wants to survive in the new economy it needs to differentiate themselves from others and make sure to own an area in the minds of their stakeholders. The only way to create a competitive advantage in the new economy is to position a company tactically in the minds of all stakeholders. Due to the challenges and changes that the new economy brought about a company can no longer only use traditional marketing principles to position themselves. A positioning strategy needs to be developed and implemented from a systems point of view where the whole company is involved in its positioning. The researcher embarked on this study to create a tool for companies that will assist decision-makers in the tactical positioning of their companies within the new economy. In order to create a conceptual model for positioning of a company in the new economy qualitative research was conducted, that included a study of content, theories, available material, views from experts as well as a content analysis from sample interviews. The outcome of the study was a well formulated theoretical model for positioning of a company in the new economy that will benefit and enhance the positioning of any company that applies it in its entirety.

Thesis (MBA (Business Management))--University of Stellenbosch, 2009. / ENGLISH ABSTRACT: High levels of gross national savings reduce a country’s reliance and exposure to the vagaries of the global capital market. On an individual level, delaying consumption and providing for future needs and prosperity is a necessary condition to improve or maintain the quality of life. India and China’s gross national savings and, in particular, their household savings rates are higher than those of South Africa. Within the context of sustaining the global competitiveness of these developing countries - each with a burgeoning middle class – there is a need to ensure that policy formulation recognises the consumption and savings needs of this segment of the population. With a view to understanding the reasons why the household savings rates of China and India are so high in comparison to South Africa, this report investigates whether (and to what extent) South African policy makers can learn from China and India in the design of its policy framework to reduce consumption and create a savings culture. This research project is a comparative analysis of the determinants of household savings behaviour in China, India and South Africa, with specific reference to the consumer behaviour of the middle class consumer in each country. The comparative analysis draws on secondary sources such as journal articles, books, completed research and the Internet. While India and China have high household savings rates, this is not as a function of policy reforms that were introduced to encourage saving. Rather, an absence of sufficient financial sector development and a weak social safety net, coupled with a collective household culture and attitude that values saving ahead of consumption, that has resulted in households in India and China, and in particular middle income households, saving to ensure adequate provision is made. In South Africa, the impacts of financial liberalisation and a flawed social security system have resulted in a failure to provide broad based income protection. Increased consumer access to financial services coupled with a coherent social security structure and continued government investment are critical threads that must pervade the reform agenda in South Africa. / AFRIKAANSE OPSOMMING: Hoë bruto nasionale spaarvlakke verminder ’n land se afhanklikheid van en blootstelling aan die wisselvalligheid van die internasionale kapitaalmark. Op ’n individuele vlak is die uitstel van verbruiksbesteding en voorsiening vir toekomstige behoeftes en voorspoed ’n voorvereiste vir die verbetering of handhawing van lewenspeil. Indië en China se bruto nasionale spaarvlakke, en in die besonder hul huishoudelike spaarkoerse, is hoër as dié van Suid-Afrika. Binne die konteks van die volhoubare wêreldwye mededingendheid van hierdie ontwikkelende lande – elk met ’n ontluikende middelklas – is daar ’n behoefte om te verseker dat beleidsformulering die verbruiks- en spaarbehoeftes van hierdie segment van die bevolking erken. Om te probeer verstaan waarom die huishoudelike spaarkoerse in China en Indië so hoog is in vergelyking met Suid-Afrika, ondersoek hierdie verslag of (in en watter mate) Suid-Afrikaanse beleidvormers by China en Indië kan gaan kers opsteek ten opsigte van die ontwerp van sy beleidsraamwerk om verbruik te verminder en ’n spaarkultuur te skep. Hierdie navorsingsprojek is ’n vergelykende ontleding van die bepalende faktore van huishoudelike spaargedrag in China, Indië en Suid-Afrika, met spesifieke verwysing na die verbruikersgedrag van die middelklas verbruiker in elke land. Die vergelykende ontleding gebruik sekondêre bronne soos joernaalartikels, boeke, voltooide navorsing en die internet. Hoewel Indië en China hoë huishoudelike spaarkoerse het, is dit nie ’n regstreekse uitvloeisel van beleidshervormings wat ingestel is om spaar aan te moedig nie. Dit is eerder ’n gebrek aan voldoende finansiële sektorontwikkeling en ’n swak maatskaplike veiligheidsnet, tesame met ’n kollektiewe huishoudelike kultuur en ingesteldheid wat groter waarde aan spaar heg as aan verbruik, wat daartoe gelei het dat huishoudings in Indië en China, en veral middelklas huishoudings, spaar om genoegsame voorsiening te verseker. In Suid- Afrika het die impak van finansiële bevryding en ’n gebrekkige maatskaplike welsynstelsel gelei tot ’n onvermoë om breedgebaseerde inkomstebeskerming te verskaf. Groter verbruikerstoegang tot finansiële dienste, tesame met ’n samehangende maatskaplike welsynstruktuur en volgehoue staatsinvestering, is kritieke temas wat die hervormingsagenda in Suid-Afrika moet deurvleg.

Thesis (MBA (Business Management))--Stellenbosch University, 2008. / ENGLISH ABSTRACT: Business persons engaging in BEE deals, pertaining to ownership, encounter many obstacles and challenges relating to the formulation of appropriate structures and solutions during the deal process. The SMME market is arguably one of the most critical contributors towards the SA GDP and a sector of the economy with the most growth potential as noted from recent history, especially relating to BEE ownership. It is in the above frame of reference that the research report attempts to follow a logical flow of events that the business persons in the SMME market would encounter. The report therefore has a holistic approach to this market and although many of the concepts could be applied to a variety of industries and even to other market segments, based on size, the primary objective and research has been centred around SMME’s. The core concepts that are covered relate to: - Understanding the essence of BEE and BBBEE as well as Government’s role as conduit to empowerment. The various elements under the BEE scorecard will also be a prominent factor as ownership only accounts for a portion of the entire BBBEE rating. - Aligning the BEE deal to strategy is a crucial consideration and entails attracting the right partner and ensuring that the BEE transaction is directed at value creation, growth and sustainability of the business. The transaction should make strategic and economic sense. - Determining firm value is in all probability one of the most complex issues and business owners should merely attempt to understand and interpret the vastly complicated process that may be presented by business brokers or valuers that facilitate the BEE deal. The fair value concept and required adjustments could be influential in the valuation process as well as choosing the correct valuation methodology. - Business tax structure. This is also a complex process that may vary significantly from business to business. Certain legislative impediments are influential and various amendments may also influence future structuring of BEE deals. The use of SPV’s is a prominent theme highlighted in this research report as it is very often the most preferred structure. - The BEE deal. This may have to consider hybrid financial solution from various sources, such as senior debt, franchise funding, mezzanine debt including venture capitalists, non-traditional lending sources and alternative supporting or indirect funders to the business. The lending criteria principles relating to cash conversion cycle, free cash flow and sustainable growth rate have also briefly been covered. BEE transactions inevitably enter an area of uncertainty for business persons when it comes to drafting business plans, determining the BEE scorecard, structuring the new shareholding and many other factors. In other words, they may not have the necessary business or financial acumen to prepare a satisfactory business proposal to attract lenders to the deal. It is therefore crucial to understand the different elements of the BEE deal formulation process, which is exactly the intent of this research report. / AFRIKAANSE OPSOMMING: Besigheidspersone wat SEB-transaksies met betrekking tot eienaarskap aangaan, ondervind baie struikelblokke en uitdagings in verband met die formulering van toepaslike strukture en oplossings wanneer die transaksie aangegaan word. Die KMMO-mark is stellig een van die mees kritieke bydraers tot die SA BBP en ’n sektor van die ekonomie met die meeste groeipotensiaal, soos die onlangse geskiedenis ons geleer het, veral met betrekking tot SEB-eienaarskap. Dit is met bogenoemde in gedagte dat hierdie navorsingsverslag poog om ’n logiese vloei van gebeure te volg wat die sakepersone in die KMMO-mark sal teëkom. Die verslag het dus ’n holistiese benadering tot hierdie mark en hoewel baie van die konsepte op ’n verskeidenheid nywerhede en selfs op ander marksegmente, gegrond op grootte, toegepas kan word, is die primêre doelwit en navorsing op KMMO’s gerig. Die kernkonsepte wat behandel word, het betrekking op: - Begrip van die kern van SEB en BBSEB asook die Regering se rol as geleibuis tot bemagtiging. Die verskillende elemente van die SEB-telkaart is ook ’n belangrike faktor aangesien eienaarskap net ’n gedeelte van die algehele BBSEB-aanslag verteenwoordig. - Die inlynstelling van die SEB-transaksie met die strategie is ’n kritieke oorweging en behels die lok van die regte vennoot en die versekering dat die SEB-transaksie tot waardeskepping, groei en volhoubaarheid van die besigheid gerig is. Die transaksie moet strategiese en ekonomiese sin maak. - Die bepaling van stewige waarde is in alle waarskynlikheid een van die mees komplekse kwessies en besigheidseienaars moet bloot probeer om die enorme gekompliseerde proses te verstaan en te interpreteer wat deur besigheidsmakelaars en waardeerders wat die SEB-transaksie fasiliteer, voorgelê word. Die billikewaarde-konsep en die vereiste regstellings kan invloedryk op die waardasieproses asook die keuse van die korrekte waardasiemetodologie wees. - Besigheidsbelastingstrukturering is ook ’n komplekse proses wat aansienlik van besigheid tot besigheid verskil. Sekere wetlike struikelblokke is invloedryk en verskeie wysigings kan ook toekomstige strukturering van SEB-transaksies beïnvloed. Die gebruik van SDV’s is ’n prominente tema wat in hierdie dokument uitgelig word aangesien dit in die reël die verkieslikste struktuur is. - Die SEB-transaksie sal moontlik hibridiese finansiële oplossings van verskeie bronne soos seniorskuld, franchise-befondsing, tussenskuld insluitend waagkapitaliste, nie-tradisionele uitleenbronne en alternatiewe ondersteunende of indirekte befondsers van die besigheid moet oorweeg. Die uitleenkriteriabeginsels met betrekking tot kontantomskeppingsiklus, vry kontantvloei en volhoubare groeikoers word ook kortliks gedek. SEB-transaksies betree onvermydelik ’n gebied van onsekerheid vir sakepersone wanneer dit kom by die opstel van besigheidsplanne, die bepaling van die SEB-telkaart, die strukturering van die nuwe aandeelhouding en baie ander faktore. Met ander woorde, hulle kan moontlik nie die nodige besigheids- of finansiële vernuf hê om ’n bevredigende besigheidsvoorlegging op te stel wat uitleners na die transaksie sal aantrek nie. Dit is dus kritiek om die verskillende elemente van die formulering van die SEB-transaksie te verstaan, wat presies die doel van hierdie navorsingsverslag is.

This thesis investigates the process of Black Economic Empowerment (BEE) in South Africa with specific focus on New Africa Investment Limited (Nail), a company that had a firm foothold in the media industry, between 1993 and 2003. Black Economic Empowerment has become the cornerstone of South Africa's transformation process. The initiative is a form of regulation through which the economic imbalances of apartheid can be corrected by economically empowering previously disadvantaged communities1• Over the years the concept of Black Economic Empowerment has become a heavily contested and debatable one, both in the economic and political realms. This study explores how and why these contestations arise. In doing it analyses the various positions advocated by government, black empowerment groups, social movements and other empowerment groups in South Africa. In addition, it examines the impact these conflicts have had on the economic equality the Black Economic Empowerment aims to achieve. New Africa Investment Limited has also been at the centre of ·controversy with the company's empowerment status being called into question by both the Independent Communications Authority of South Africa (ICASA) and other empowerment groups. The nature and structure of NAIL is examined with a particular focus on the history from which the company emerged in order to assess whether NAIL fits into the model of a black empowerment company. The failure of BEE to reach its desired goals during the first years of its implementation has lead to some people calling for the withdrawal of the initiative completely. It is argued within this dissertation that one cannot dismiss the good intentions, with which the initiative was implemented, i.e. the empowerment of the historically disadvantaged people in South Africa. At the same time it is acknowledged that in practice the initiative did not achieve this goal. The BEE strategy needs to be integrated into the wider developmental strategy of South Africa. It needs to be broad-based, able to reach and change the lives of the poor black man on the street. Improving education, health care, and job creation should be placed first and foremost on the BEE agenda. The study is located within Vincent Mosco's (1996) political economy approach, which looks at the market as influenced, by the larger society and government. In addition it adopts a media economics approach, which deals with the economic relationships between media, producers, advertisers and society. This approach is useful because it explores issues pertaining to the markets and competition within which BEE is expected to occur. / Thesis (M.A.)-University of KwaZulu-Natal, 2005.

A thesis submitted in fulfilment of the partial requirements for the degree of Master of Arts at the University of the Witwatersrand Department of African Literature, March 2017 / XL2018

M. Tech. Comparative Local Development / This study is an assessment of post-apartheid policies operating in the period dating from 1994-2012. Pre-1994 racial inequality was formalised through apartheid laws. Apartheid therefore created National Innovation Systems (NSIs) which were selective and exclusionary, benefiting the White minority. After the end of apartheid the Government of National Unity (GNU) was faced with the task of redressing past imbalances through redistribution and macro-economic policies. This assessment looks at policies at two levels, these being the redistribution and macro-economic policies. It is noted that the implementation of redistribution (socio-economic) and macro-economic policies has yielded mixed results; for instance, although the budget allocation towards housing has increased, supply has been low.

No description available.

The New Partnership for Africa's Development- NEPAD is the continued search by African people and its leaders to develop Pan African structures that will initiate social and economic transformation in a rapidly globalizing world which continues to marginalize Africa. According to the human indicators of the United Nations Development Programme, Africa remains the poorest continent under the sun. Half of Africa's 875 million people survive on US $ 1 daily and they have little access to socio - economic infrastructure. South Africa, guided by her foreign policy, which advocates respect for human rights, democracy and economic development, is at the forefront in efforts to promote NEPAD. South Africa's promotion of NEPAD is encouraged by her will to promote the philosophy of African Renaissance, to maintain her prestige in Africa and to assert South Africa's leadership in Africa. Many internal and external problems have been encountered by South Africa whilst promoting NEPAD. Internal problems have been; unemployment, poverty, tuberculosis, HIV I AIDS, corruption and an excruciating debt. The forces of globalization such as economic marginalisation and the non-representation of South Africa within the multilateral institutions such as the World Trade Organization have presented external problems. NEPAD should develop social policies that complement liberal policies in order to address internal problems such as unemployment and poverty. African .governments should not withdraw from being involved in their nation's economies and solely rely on liberal policies for economic capital flows. Lastly, NEPAD should fight for the restructuring of the multilateral institutions such as the World Trade Organization. / M.Admin. (PSIS) North-West University, Mafikeng Campus, 2004

This thesis examines the way in which Business Day portrayed the neo-liberal logic of the Growth, Employment and Redistribution (GEAR) strategy as both common sense and natural. It utilises framing analysis, adapting its application to the context of media studies as the guiding theoretical framework in trying to understand how Business Day, as representative of the mainstream financial media, frame economic policy issues. Using content analysis, the thesis examines how elite sources are the preferred news sources above ordinary citizens and are thus in a position to shape news content in line with their neo-liberal views on the economy. The thesis analyses how Business Day, by means of the globalisation frame and other frames, legitimated and in the process perpetuated the GEAR strategy as the macroeconomic policy of choice for South Africa in 1996 against the background of the country’s political transformation and economic policy development in preceding years.

South Africa introduced inflation targeting as a monetary policy framework in 2000. This marked a sizable shift in monetary policy management from the previous "eclectic" approach and the explicit focus on M3 money supply before that. The study appraises the effectiveness of monetary policy under this new dispensation. However, the analysis does not centre on inflation outcomes, which can be a measure of effectiveness because they are the overriding objective of the South African Reserve Bank in effect, it is possible to have a target-friendly inflation rate for a length of time despite monetary policy that is ambiguous and encourages unpredictability in market interest rates. However, persistent policy opaqueness can, over time, damage a favourable inflation scenario. For instance, if the public is unsure about the Reserve Bank's desired inflation target, price setting in the wage and goods markets may eventually produce an inflation outcome that is higher than the Bank may have intended. Rather, this study adjudicates the effectiveness of monetary policy within the context of policy transparency, which is an intrinsic part of the inflation targeting framework. The study looks at the extent to which monetary policy transparency has enhanced both the anticipatory nature of the market's response to policy actions and the force that policy has on all interest rates in the financial system, particularly long-term rates. These concepts are important because through the transmission mechanism of monetary policy, the more deft market participants are at anticipating future Reserve Bank policy the greater the Bank's ability to steady the economy before the actual policy event. With the aid of regression models to estimate the response of market rates to policy changes, the results show that there is significant movement in market rates in anticipation of policy action, rather than on the day of the event or the day after. Indeed, the estimates for market rates movement on the day of and even the day after the policy action are generally minute. For instance, the R157 long-term government bond yield changes by a significant 41 basis points in response to a one percentage point change in the Reserve Bank's benchmark repo rate in the period between the last policy action and the day preceding the current action. In contrast, the R157 bond yield changes by an insignificant 2 basis points on the day of the current repo rate change and about 1 basis point the day after the current change. The results point to a robust relationship between policy transparency and the market's ability to foresee rate action. If this were not the case, it is likely that there would be persistent market surprise and, hence, noticeable movement in interest rates on the day of the rate action and perhaps even the day after. Another important observation is that monetary policy impacts significantly on both short- and long-term market rates. Again, certifying the robustness of monetary policy under the inflation targeting regime