Magister Legum - LLM

Magister Psychologiae - MPsych / 30% of the country's population are currently unemployed and this statistic is increasing steadily. Further deterioration of the South African economy and increased unemployment, is likely to increase social instability and continue to marginalise a major proportion of society. Global economic downturn as well as the crash of the Asian economies in the mid-1990's resulted in job losses for both the working class and middle class sectors of society. The literature however suggests that the effects of unemployment are likely to be experienced differently by working and middle class individuals. This reiterates the argument that the unemployed should not be perceived as a homogenous group. The study utilises a broad epistemological framework of social constructionism and employs the theoretical assumptions of Marxism as the theoretical basis for the research.

The South African government has indicated that the National Small Business Act of 1996 had failed to get the small business sector working successfully as engine for growth. Thus, government policy measures, using an institutional network alone, to create a thriving SME economy, has not succeeded. The Minister called for small business and other institutions to develop suggestions for inclusion in a new business strategy document. One such strategy, as proposed by this thesis, involves the introduction and implementation of the Venture Capital Schemes (VCS) Framework. The purpose of the dissertation is to conduct an exploratory study of the VCS framework and to determine if the VCS framework is worthwhile pursuing in South Africa, following its successful introduction in the United Kingdom. To achieve effective implementation of the VCT framework, specific issues to the various components and key players require addressing: • Are there potential high-growth SMEs that are being overlooked? • Is there a definite 'equity gap' to satisfy the needs of potential SMEs that is not being serviced? • Are there sufficient investors who can be attracted to fund this 'equity gap'? • Are there sufficient rewards for the private sector financial institutions (venture capitalists and associated network) to be willing to manage and drive the VCT framework? To obtain the required information, a discussion / interview was conducted with Business Partners Limited - East Fund (a leading South African venture capitalist who is involved in both 'pure' venture capital funding as well as having integral ties with SMEs). The Venture Capital Schemes Framework, in theory, appears to be a viable option. However, the response indicates that the larger venture capital / private equity firms will not be willing to drive the VCS framework, since it requires an adjustment to their investment philosophy. The response has also indicated that a RFI with a iv reasonable network of resources, operating as a private company, will be in the best position to drive the VCS framework. It will also be able to attract competition from the smaller venture capital/private equity firms, accounting firms and business advisors, to create a vibrant VCT market (industry). Hence, a thriving SME economy could become a reality. / Thesis (MBA)-University of Natal, 2003.

The coal mining industry has played a significant role in the development of the South African economy. Coal supplies about 70% of South Africa's primary energy and is likely to remain the country's major source of energy despite the increasing trends towards renewable energy. Even though the industry has significantly contributed to the development of the country, it has also caused significant impacts on the environment with concomitant socio-economic impacts. Historically, once a coal measure was exhausted, mining companies would cease production and abandon the mines without proper rehabilitation of the environmental degradation caused by their mining activities. As a result of this, the South African Government introduced mining and rehabilitation legislation to mitigate the environmental and associated socio-economic impacts of mining. Rehabilitation guidelines for opencast coal mines were developed to provide detailed guidance for achieving successful and sustainable rehabilitation, to mitigate pollution post-mining. Despite the more stringent legislative framework and the development of international standard rehabilitation guidelines, successful mine rehabilitation remains a challenge. This research project aims to develop a better qualitative understanding of the status, challenges, gaps and opportunities pertaining to current rehabilitation practices in the case of opencast coal mines in the Mpumalanga Province of South Africa, and in so doing, establish the contributing factors of unsuccessful rehabilitation. The dissertation draws on a comprehensive review of published literature and an analysis of semi-structured interviews with rehabilitation experts. The study found that the current rehabilitation practices in the Mpumalanga opencast mines are not to the standard required by the legislative framework nor prescribed by rehabilitation guidelines. As such, the current rehabilitation practices are not yielding successful and sustainable rehabilitation. According to the findings, the rehabilitation practices are hampered by physical and non-physical systemic challenges that thwart the achievement of successful rehabilitation. The study analysis shows that shortcomings in the application and enforcement of the legislative framework contributes to the legislation not achieving its intended objectives as well as the development of other physical and non-physical systemic challenges that hamper the achievement of successful rehabilitation.

A thesis submitted to the Faculty of Commerce, Administration and Law, in fulfillment of the requirement for the Degree of Doctor of Philosophy in Economics at the University of Zululand, 2019. / The extent of the damage caused by the 2007/08 global financial crisis (GFC) has forced policymakers all over the world to respond promptly in order to mitigate its effect, a process in which they are still engaged in, particularly in advanced economies. The main objective of this study is to measure systemic risk in African emerging economies and develop a macroprudential regulatory framework to mitigate or limit the effect of such risk. More specifically, the study intends to1) Developing financial stress index (FSI) for the Emerging African economy; 2) Investigate the possibility of Early Warning Signal (EWS) helping in predicting and preventing or minimising the effects of the crisis on financial institutions; 3) Assess the resilience of individual banking companies to adverse macroeconomic and financial market conditions using stress testing technique; 4) Identify the source of fluctuation within the system; 5) Identify and measure systemic risk emanating from the capital flow (surge) as well as its effects on financial stability. This study contributed to the body of knowledge by measuring systemic risk in emerging African economies. To the best of my knowledge, there have not been any studies that have been conducted for the measure of systemic risk with the context of emerging African economies. The target economies include South Africa, Egypt, Nigeria, and Kenya. The first objective of the study is to construct a financial stress index (FSI) for emerging African economies. The FSI which is aimed at revealing the functionality of the financial system a single aggregate indicator that is constructed to reflect the systemic nature of financial instability and as well to measure the vulnerability of the financial system to both internal and external shocks. The result shows that both the domestic and international shocks created uncertainty in the economies under consideration. On the international scene, we have the financial crisis while on the domestic scene; we have slow growth, banking crisis, energy crisis, labour crisis, coupled with political uncertainty. The FSI is also useful and appropriate as the dependent variable in an early signal warning model, and as well be used to gauge the effectiveness of government measures to mitigate financial stress. The models forecasting performance was tested using the ordinary least square methods and it affirmed that the model is reliable and that the FSI can be used for prediction of a future crisis. v The aim of the second objective is to develop an early warning signal (EWS) model to predict the possibility of the occurrence of a financial crisis in emerging African countries. The multinomial logit model built by Bussiere and Fratzscher (2006) was adopted to afford policy makers ample time to prevent or mitigate potential financial crisis. In summary, the result suggests that emerging African economies are more likely to face financial crisis as debts continue to rise without a corresponding capacity to withstand capital flow reversal as well as excessive FX risk due to currency exposure. The result further indicates that rising debt exposure increases the probability or likelihood of the economies remaining in a state of crisis. This result confirms the significance of a financial stability framework that fits Africa’s emerging economies characteristics such as rising debt profile liquidity and currency risk exposure. The third objective is to test the resilience of the financial sector using stress testing technique. Macro stress testing is a multi-step simulation process aimed at estimating the impact of credit risk shock on macroeconomic as well as financial sectors. In this study, a two-step approach was employed in this chapter. The first step involves analyzing the determinants of credit risk in 4 Emerging African economies during the period 2006m1 to 2012m12 using the panel Auto Regressive Distribution Lag (ARDL) model. Second, the vector autoregressive (VAR) models were employed to assess the resilience of the financial system as well as the economy to adverse credit risk shocks. The result shows that all the variables under both the macro and financial model jointly determine credit risk, although when examined on an individual basis only, UMP, IBR, and INF have a significant impact on NPL in the long run. For the macro stress testing, the VAR methodology was employed to stress test the emerging African economy financial sector and the result indicated that there a significant relationship between changes in output gap (GAP) and the nonperforming loans. A significant relationship was also established between inflation and nonperforming loans. In all, South Africa and Nigeria’s financial system seems more resilient to credit losses associated with this scenario without threatening financial stability compared to Kenya and Egypt. The fourth objective examined the sources of capital flows surge and their impact on macroeconomic variables. This study employed a ��−�������� to investigate the source capital flow surge within the system. The main findings of the result indicate that capital flow, which is vi proxied by FDI, is influenced by a wide variety of macroeconomic variables such as inflation, export growth and unemployment. There is therefore need for the implementation of capital controls framework tame massive capital inflows. Nevertheless, such a mechanism should not undermine the impact of capital inflows on employment, growth and financial stability. The fifth objective of the study is aimed at identifying and measuring the sources of systematic risk and its impact on the stability of the financial system using the Conditional Value-at-Risk methodology. The main finding of the study indicates that at the normal and extreme event the banking sector contributes positively and significantly to the real economy for all the countries except for Nigeria at the extreme event or 1 percent quantile. This study, therefore, concludes that the banking sector, stock market volatility contributes greatly to systemic risk in emerging African economies. The individual bank also contributes significantly to systemic risk for all the economies although the magnitudes are relatively different across economies. This finding is of great interest to policymakers since it shows that the banking sectors as well as stock market volatility have a negative impact on the real economy. This result is plausible as the banking and financial sector for most emerging economies constitute a greater proportion of the real economy. There is, therefore, need for a regulatory framework to reduce risk emanating from the banking sector as well as the financial markets. In summary, due to huge capital flows and rising debt level in emerging African economies, there is, therefore, a need for a macroprudential policy that will fit African economies as well as the implementation of capital controls framework tame massive capital inflows. Efforts should be made to reduce the rising debts profile of most countries and that will require a greater level of commitment from their respective government and central banks. However, these should be in the interest of the growth and stability of the financial system and the real economy at large. In the case of the banking sector, since it has a great impact on triggering systemic risk, more effort should be utilized to continue to monitor its performance so that potential risk can be detected early and nip in the bud.

In this study, fiscal sustainability is defined consistent with the government intertemporal budget constraint framework which is related to the solvency of the government. Fiscal sustainability analysis in this context, therefore, considers the revenue side of the budget as well as the expenditure obligations. On the revenue side, the study highlights that fiscal authorities in South Africa continue to rely on income, profit and wealth taxes as they account for a larger share of government revenue compared to indirect taxes. However, immediately prior to the first democratic South Africa, there was a substantial shift from company taxes to personal taxes; a trend that has continued onto 2010. Analyses in this study show that the structure of the main taxes of South Africa compares less favourably to other emerging economies, and the worldwide averages. For instance, even though fiscal authorities have reduced the CIT rate from a high 50% to 28%, this rate is still higher when compared to other upper middle income economies and the rest of the world‟s average. The country compares no better either when the PIT rate is considered but its VAT rate compares favourably to that of the economies mentioned. Since the new era, in particular between 2000 and 2010, fiscal authorities in South Africa focussed on the reduction and stabilisation of marginal tax rates for the major taxes as well minimising the complexity in tax administration by reducing the number of tax brackets. Despite such effort, the wedge between the statutory rates and the realised average tax rates for the three main taxes is a concern regarding the protection of the revenue base. With regards to budget allocations, this study shows that collectively, expenditure on the social sector accounts for slightly below half of government consumption expenditure; specifically, however, there was a reduction in the proportional allocation to Education whilst at the same time the proportional allocations to Social Protection, Public Order and Safety and Social Grants increased. Defence expenditure was high pre-1994 and immediately after the first democratic election, but declined in the later years of the democratic South Africa. In general, the policy of fiscal prudence after 1994 resulted in a substantial decline in debt service cost, whilst the real growth rate of the economy increased considerably. Nevertheless, the former still exceeded the latter for most part of the period between 1994 and 2010. Having reduced its debt burden over the past decades, the South African government again finds itself facing a problem of rising debt due to an increase in the fiscal deficit. On the basis of this background, this study addresses four broad questions, namely: (i) was the fiscal stance taken in the past, sufficient to attain fiscal sustainability in South Africa? (ii) How did fiscal policy in the past adjust to budget imbalances and to what extent did that affect fiscal sustainability? (iii) Which are the optimal ways to v protect the revenue base; and (iv) How does the current fiscal dispensation (i.e. composition of expenditure and tax) affect the economy and inter alia fiscal sustainability? Different econometric techniques, namely: the Smooth Transition Error Correction model; the Logistic quadratic model; the Currency Demand model and the Bayesian Structural Vector Auto Regression Model are applied in the analyses. The findings of this study suggest that fiscal policy over the sample period has been sustainable but likely to be adjusted more quickly when the budget deficit exceeds 4.02% of GDP. However, the stabilisation policies by fiscal authorities are fairly neutral at deficit levels below the estimated threshold; that is, at deficit levels of 4.02% of GDP and below. The fiscal reaction speed of the South African government (i.e. increasing the tax burden) to lower the large deficit levels towards a band of tolerable values, indicate that they are indeed concerned about solvency. Thus, on the basis of this historical fiscal stance, it can be expected that fiscal policy will remain sustainable in the medium-term; and that the government‟s projection to reduce the fiscal deficit from a high 5.3% of GDP in 2010 to 3.0% in 2015 is plausible. In South Africa the main fiscal challenge, therefore, is to find ways through which the recent gains in fiscal solvency are not at the expense of the future revenue base. Consequently, the next objective in this study is to analyse one important element of protecting the revenue base, namely, possible leakages from it. In this regard, shadow economic activity is being investigated. This study finds that on average, the size of the South African shadow economy is 22.18% of GDP with estimated revenue evaded at about 7% of GDP. Further analysis shows that there is a strong positive relationship between the tax burden and shadow income but that this relationship is not symmetric. In South Africa, businesses and individuals are likely to react quicker when the tax burden changes fall outside the band of -3.64% to +2.13% of GDP but remains neutral as long as they are within this band. The implication of this finding is that, any attempt by the fiscal authorities to increase the tax burden to levels above the estimated threshold of 2.13% in order to close the budget deficit might trigger a significant response from the shadow economy thereby reducing the tax base and further worsening the fiscal deficit. Next, the analysis shows that an increase in total government spending has a “crowding–in” effect as real GDP per capita and real private investment respond positively. When government expenditure is disaggregated into consumption and capital expenditure per capita, the analysis shows that a one standard deviation positive shock in government consumption expenditure per capita increases real GDP per capita with a multiplier effect of 0.22, which is higher than the growth multiplier effect (0.16) of government investment expenditure per capita. In addition, the effect of the total tax burden on the GDP and private investment is negative and persistent in the long-term (i.e. after 4 years). The net effect of fiscal policy, therefore, is that it is growth enhancing in the short and medium-terms leading to fiscal sustainability (since r < g) but in the long-term, the growth promoting effects of increased public intervention is offset by the growth inhibiting effects of increased taxes; hence, a threat to long-term fiscal sustainability. vii The composition of the tax regime has a substantial influence on growth; whilst taxes on income and wealth reduce growth, indirect taxes have a positive effect on growth in the short and medium term. On the basis of the above findings the following suggestions are proposed: Firstly, the nature of fiscal policy in South Africa over the post-1994 period has shown to be successful from a fiscal sustainability perspective and should therefore be continued. However, the fact that government only seem to be pro-active in the case when the budget deficit exceeds the 4% margin and actually seem to be fairly neutral at deficit levels below this ratio should be noted. By implementing drastic tax increases in such a scenario could be detrimental to the growth of the revenue base. Conversely, tax relief at lower levels of the margin outlined, and even in times of surpluses could be growth enhancing and should be implemented actively. Secondly, the 2012 medium-term budget document requesting for additional taxes to boost revenue might lead to further growth in the shadow economy, as the projected tax burden increase recommended is above the estimated threshold of 2.13% in this study. Such a reaction from shadow income poses a threat to long-term fiscal sustainability. Thirdly, in their attempt to expand and secure the revenue base fiscal authorities in South Africa should consider further adjustments to the composition of the revenue base. The continuous reliance of the government on direct taxes is shown in this analysis to affect growth adversely, which could destabilise the fiscal gains already achieved. The results of this analysis, therefore, support the international trend towards a shift to indirect taxes from direct taxes. Fourthly, expenditure priorities have to be carefully considered. Fiscal authorities should guard against populist spending patterns and prioritise those expenditures that result in capacity building and enhancing growth and employment. In this regard, the declining trend in expenditure on education and health has to be reversed. A priori, only by focussing its expenditures coupled with enhanced efficiency within such “productive” areas, would government be able to contribute towards enhancing growth which in turn is essential for long-term fiscal sustainability. Thus, the analyses in this study show that in the short- and medium-term, there is no serious threat to fiscal sustainability in South Africa but long-term fiscal sustainability remains a challenge. To enhance long-term fiscal sustainability would require continuous adjustment of policies including the speed of policy adjustment, the stabilisation of the tax burden but with a redirection of focus from direct to indirect taxes; the protection of the revenue base, in particular a reduction in the existing level of tax revenue evaded and the reprioritisation of government expenditures. A broader social and political context of fiscal sustainability has, however, not been included in this study. In a middle income country like South Africa where the role of government is politically and socially important and controversial, future research could explore how the quest to enhance fiscal consolidation can affect political and social stability which may in turn endanger the sustainability of fiscal policy. On the other hand quantifying the fiscal implications of expected developments such as demographic changes, development in health cost and public pension liabilities, could initiate future research on this topic should more relevant data becomes available. / Thesis (PhD)--University of Pretoria, 2013. / gm2013 / Economics / unrestricted

Tax revenue forms the backbone of the South African economy. Although the tax gap in South Africa has shrunk in recent years, there is still a large tax gap in South Africa. Hence, there is an urgent need to enhance taxpayer compliance. The South African Revenue Service’s (SARS’s) image in the community is a key driver of voluntary taxpayer compliance. The quality of the services provided by SARS is therefore crucial, as service quality directly affects SARS’s image in the community and thus voluntary tax compliance. The objective of the present research was therefore to establish the perceptions that tax practitioners hold with regard to the services rendered by SARS in order to develop a service quality model that can be used to measure SARS’s service quality continuously. The development of a service quality model for the assessment of the services provided by SARS is justified, because it is an essential means to improving the services that SARS provides and therefore also voluntary compliance. The present research defined services, quality, service quality and perceived service quality on the basis of a literature review. These definitions served as a theoretical underpinning for the development of the proposed service quality model. The literature review suggested that a user-based approach to quality was the most relevant approach to this study and that it is important to build the “lens of the customer”. In order to develop the specific “lens of the customer” needed to evaluate the services of SARS, an in-depth, qualitative approach was required to identify a comprehensive range of determinants that potentially drive service quality in the revenue service industry and setting. One such qualitative method is the critical incident technique, which was chosen as the method to be used for building the “lens of the customer” to measure tax practitioners’ evaluations of the quality of the services SARS provides. The critical incident technique relies on a set of procedures to collect comments on service experiences, to perform a content analysis and to classify the observations of service experiences. The critical incident data were collected by means of open-ended questionnaires which tax practitioners registered with SARS were asked to complete, first in a focus group and then individually, using an e-mailed questionnaire. The main data collection instrument was administered by SARS to all tax practitioners registered with SARS country-wide. The data analysis of the responses provided by the tax practitioners involved three processes. The first was the identification of usable critical incidents, the second was the development of a classification scheme for the content analysis and the third was a content analysis of the critical incidents that had been identified. After a content analysis process that involved the preparation of summaries of the frequencies of the responses in accordance with a relevant classification scheme, a process of natural language argument was used to convert the data analysis results and the relevant elements of the theory from the literature survey into two proposed models, one for the traditional services and one for the electronic services provided by SARS. These service quality models can be used as a basis for studies to establish the perceptions of tax practitioners with regard to the quality of SARS’s services. The conceptual models of service quality that were proposed should also enable SARS to identify quality problems and assist SARS in planning for the launch of a quality improvement programme, and thereby improving the efficiency and overall performance of SARS. Copyright / Thesis (DCom)--University of Pretoria, 2009. / Taxation / unrestricted

According to Saville (1993), the economic growth of less developed countries is impeded due to the presence of four “gaps” in these economies. However, Saville (1993), states that, by filling these gaps, developing economies are able to achieve economic growth and development. The main objective of this research is to update the study of Saville (1993) in order to determine the impact of the multinational corporation on the host economy in reference to the drivers of exogenous and endogenous growth in contribution to filling these gaps.This is a quantitative study which makes use of secondary data obtained from JSE listed firms operating in the mining sector in South Africa. Statistical regression analysis was conducted and results are compared to the previous Saville (1993) study.In summary, the results of the study are mixed however in terms of informing government policy, this study confirms the importance of FDI in emerging markets. The caveat however, firstly, is to inform policy to attract the right kinds of FDI to contribute to filling specific gaps in to achieve the required economic growth. Secondly, policy should require collaboration between MNC’s, private firms as well as public sector firms in order to share knowledge and profits in having a positive effect on social welfare and economic growth in the domestic economy. / Dissertation (MBA)--University of Pretoria, 2012. / Gordon Institute of Business Science (GIBS) / unrestricted

The implementation of the Mineral and Petroleum Resources Royalty Act was anticipated to have a significant impact on the South African economy and mining industry. The mineral royalty is an effective instrument in the collection of compensation for extraction of mineral resources that cannot be renewed. An overview of the development, evolution and application of the mineral royalty indicated that the newly enacted Mineral and Petroleum Resources Royalty Act has constituted a more formal regulative system in determining the royalty amount payable. Various fundamental principles have been established in the act, such as distinguishing between refined and unrefined mineral resources, different royalty formulae to be applied to each of mineral resources and circumstances resulting in a mineral royalty obligation. The South African mining industry has been a cornerstone in forming the economy for many years. The industry has on average contributed approximately 8.8% directly to the country’s gross domestic product during 2011. The potential impact by the new royalty reform was predicted by researchers to impact mining operations’ profitability between 2% and 5%, whilst the sector’s contribution to total taxes was expected to rise by 8%. The actual impact of the Mineral and Petroleum Resources Royalty Act on the country’s fiscal and mining industry was reviewed to determine just how many circumstances have changed in South African mining, if any. The research study has found that although there has been an impact it was not as significant as anticipated. Die implementering van die Minerale en Petroleum Reserwes Tantieme Wet sou na verwagting ‘n groot impak op die Suid-Afrikaanse ekonomie en die mynbedryf hê. Minerale tantieme is ‘n doeltreffende instrument in die invordering van vergoeding vir die ontginning van minerale hulpbronne wat nie hernu kan word nie. ‘n Ondersoek oor die ontwikkeling, evolusie en toepassing van minerale tantieme het aangedui dat die onlangse Wet op Minerale en Petroleum Reserwes Tantieme ‘n meer formele regulerende stelsel teweeggebring het in die bepaling van tantieme betaalbaar. Verskeie fundamentele beginsels word onderskryf deur die Wet, soos die onderskeid tussen verwerkte en onverwerkte minerale hulpbronne, verskillende tantieme formules toepaslik op elk van die minerale hulpbronne en omstandighede wat lei tot ‘n mineraal tantiem verpligting. Die Suid-Afrikaanse mynbedryf was ‘n hoeksteen in die ontwikkeling van die ekonomie vir baie jare. Die bedryf het gemiddeld ongeveer 8.8% direk bygedra tot die land se bruto binnelandse produk gedurende 2011. Navorsers het voorspel dat die potensiële impak van die nuwe mineraalhervorming mynbou se winsgewendheid met tussen 2% en 5% sou beïnvloed, terwyl die sektor se bydrae tot die totale belasting na verwagting sou styg met 8%. Die werklike impak van die Mineraal en Petroleum Reserwes Tantieme Wet op die land se ekonomie en mynbedryf was hersien om vas te stel presies hoeveel omstandighede verander het in Suid-Afrikaanse mynbou, indien enige. Die studie het bevind dat selfs al het die nuwe tantieme stelsel ‘n impak gemaak op Suid-Afrika, dit nie so wesenlik was soos verwag nie. / Dissertation (MCom)--University of Pretoria, 2014. / am2014 / Taxation / unrestricted

Text in English with abstracts in English, isiZulu, Northern Sotho and Tshivenda / This study explores the phenomenon of stokvels − membership-based savings schemes providing for the social and financial wellbeing of their members as well as entertainment (Lukhele, 1990). The purpose of the study is to identify the existence of a different kind of economy that is not informed by the capitalist logic. The study aims to examine the values that underpin stokvels and to locate them within a particular socio-cultural and historical context. This is a qualitative research study and my research approach included fieldwork, participant observation, in-depth interviews and the procedure of genealogy. The study, employing these methods, has enabled me to draw a connection between the Khumalo clan - the generation of Mzilikazi Khumalo who was a friend to King Shaka and is argued to have played a pivotal role in building what is known as the Zulu nation today – and my uncles. In the six months I spent at Esihlengeni, a small village in Vryheid, KwaZulu-Natal, I interviewed 27 people, attended two funerals, one family ritual and conducted two focus group discussions with stokvel women. I found that stokvels are not centred on an African epistemic framework as anticipated in the problem statement but are still within the capitalist logic of profit and thus do not draw from the community’s traditional values. While stokvels are informed by the dominant capitalist logic, the community of Esihlengeni still draws from their cosmological worldview that provides them with a different understanding of the economy that is centred on cattle – the means that allow them to perform rituals that guarantee protection and continuity of life - to make sense of their world. Their insistence on the importance of cattle in this community is their cry to be allowed to exist and be recognised as humans that can think for themselves. I conclude by arguing that to understand this community correctly, we need to take the ontological difference seriously that we cannot possibly have only one way of existing. The community of Esihlengeni thus provides us with the economic theory that is centred on life in its totality – that takes both the physical and metaphysical into consideration to ensure the continuity of life. As such, the community of Esihlengeni should be regarded as a gift to be appreciated. / Lolucwaningo luhlaziya isimo sezitokofela – uhlelo lokonga olunika abayingxenye yalo ukweseka kwezomphakathi, ezomnotho nezokuzijabulisa (Lukhele 1990). Ingqikimba yokwenza lolucwaningo ukubonisa ubukhona bomnnotho ohlukile, ongatshelwa wumnotho ogxile kwinzuzo, phecelezi ikhephithalizimu. Injongo yalolucwaningo ukuhlolisisa izimiso ezisekela amastokofela nokuwabeka endaweni ethize yezinhlalo zomphakathi-namasiko kanye nomlando. Lolucwaningo lugxile kwizizathu zokuba yingxenye kuloluhlelo, indlela yokuthola imininingwane ixhumanisa ukuchitha isikhathi nabantu, ukubamba ingxenye kwizinto abazenzayo, ukubabuza imibuzo ejulile, nokudweba imvelaphi yabo. Kulolucwaningo, ngokusebenzisa lezizindlela zokucwaninga, ngakwazi ukuxhumanisa isizwe sakwaKhumalo – inzalo yenkosi uMzilikazi Khumalo owaye umngani wenkosi uShaka futhi kuthiwa wabamba iqhaza eliqavile ekwakheni isizwe esaziwa njengamaZulu namhlanje – nomalume bami. Ezinyangeni eziyisithupha engazicitha eSihlengeni - isigodi esiseFilidili KwaZulu-Natali, ngaba nendabangxoxiswano nabantu amangamashumi amabili nesikhombisa, ngaya emingcwabeni emibili nasembenzini owodwa womndeni, ngase ngikhulumisana namaqoqo amabili omama besitokofela. Ngathola ukuthi izitokofela azizinzile kwinqubomigomo yesintu njengoba ngangisola esitatimendeni socwaningo, kodwa angaphakathi komnotho ogxile kwinzuzo, ikhephithalizimi, ngakhoke awasebenzisi imikhuba yesintu yalomphakathi. Noma amastokofela egxile kumnotho oqgamile ogxile kwinzuzo, lomphakathi waseSihlengeni usasebenzisa indlela yawo yokuphila eveza inqubomgomo ehlukile yomnotho ogxile ezinkomeni - eziyisisekelo sokwenza amasiko aqinekisa ukuvikeleka nenqubekela phambili yempilo – ukuqondisisa imvelo. Ukuphikelela kokubaluleka kwezinkomo kulomphakathi isikhalo sokuthi uvumeleke ukuba aphile futhi ubonwe njengabantu abakwaziyo ukuzicabangela. Ngiphetha ngokuthi ukuqondisisa lomphakathi kahle, kumele sithathe ukuhlukana kwezizwe okuyimvelo yempilo ngokuzimisela, ukuthi kungenzeke kube nendlela eyodwa yokuphila. Umphakathi waseSihlengeni ngakhoke usinika inqubomugomo yomnotho egxile empilweni ngokuphelela kwayo – uthatha okubonakalayo nokungabonakali ukuqiniseka kokuqhubekela phambili kwempilo. Kanjaloke, umphakathi waseSihlengeni kumele ubonakale njengesipho okumelwe sibungazwe. / Nyakišišo ye e bolela ka ditokofele – dikema tša polokelo tša go thewa godimo ga boleloko go dira gore maloko a tšona a be le boiketlo go tša leago, matlotlo le boithabišo (Lukhele, 1990). Morero wa nyakišišo ye ke go hlaola go ba gona ga mehuta ya go fapana ya ekonomi yeo e sa huetšwego ke lotšiki ya bokepitale. Maikemišetšo a nyakišišo ke go lekola melawana yeo e thekgago ditokofele le go di bea ka gare ga maemo a itšeng a histori, a leago le a setšo. Ye ke nyakišišo ya khwalithethifi gomme sebopego sa nyakišišo ya ka se akaretša tlhohlomišo, temošo ya bakgathatema, dipoledišano tša go tsenelela le tshepedišo ya tšinealotši. Nyakišišo, ya go šomiša mekgwa ye, e nkgontšhitše go laetša kamano gare ga lešika la ga Khumalo ‒ moloko wa Mzilikazi Khumalo yoo a bego e le mogwera wa Kgošikgolo Shaka gape o dumelwa go ba a bapetše karolo ye bohlokwa kagong ya seo lehono se tsebjago bjalo ka setšhaba sa Mazulu ‒ le bomalome ba ka. Mo dikgweding tše tshela tše ke di feditšego Esihlengeni, motse wo monyane go la Vryheid, KwaZulu-Natal, ke boledišane le batho ba 27, ke tsenetše ditirelo tše pedi tša poloko, moetlo o tee wa lapa le go swara dipoledišano tše pedi tša go lebantšha sehlopha gotee le basadi ba setokofele. Ke hweditše gore ditokofele ga di latele foreimiweke ya epistemiki ya Afrika bjalo ka ge go letetšwe ka gare ga tlhalošo ya taba eupša di sa le ka gare ga lotšiki ya bokepitale ya poelo gomme ka go realo ga di latele ditumelo tša setšo tša setšhaba. Mola ditokofele di latela lotšiki ya bokepitale ye e bušago, setšhaba sa Esihlengeni se sa ntše se latela pono ya sona ya kosmolotši ya lefase yeo e ba fago kwešišo ye e fapanego ya ekonomi ya go thewa godimo ga dikgomo – mokgwa wo o ba dumelelago go phetha moetlo wa go tiišetša tšhireletšo le tšwelopele ya bophelo – go kwešiša lefase la bona. Phegelelo ya bona go bohlokwa bja dikgomo ka setšhabeng se ke sello sa bona sa gore ba dumelelwe go ba gona le go amogelwa bjalo ka batho bao ba kago inaganela. Ke fetša ka gore go kwešiša setšhaba se e le ka nnete, re nyaka go tšea kgopolo ya ontolotši bjalo ka ye bohlokwa ya gore re ka se kgonego ba fela le tsela e tee ya go phela. Setšhaba sa Esihlengeni ka go realo se re fa teori ya ekonomi yeo e theilwego godimo ga bophelo ka moka ga bjona – seo se akaretša bobedi fisikale le metafisikale go kgonthišiša tšwelopele ya bophelo. Bjalo, setšhaba sa Esihlengeni se swanela go tšewa bjalo ka mpho ye e amogelwago. / Ngudo iyi i tandula tshibveleli tsha zwiṱokofela − vhuraḓo ho ḓisendekaho nga zwikimu zwa u vhulunga u itela u dzudzanyea nga tshitshavha na lwa masheleni kha miraḓo khathihi na vhuḓimvumvusi (Lukhele, 1990). Ndivho ya ngudo ndi u topola u vha hone ha tshaka dzo fhambanaho dza ikonomi dzine dza sa ḓivhadzwe nga thevhekano ya pfuma. Ngudo yo pika u ṱola zwithu zwa ndeme zwo tikaho zwiṱokofela na u u wana vhukati hazwo nyimele ya matshilisano na mvelelo kathihi na ḓivhazwakale. Hei ndi ngudo ya ṱhoḓisiso ya ndeme na nyolo ya ṱhoḓisiso yanga yo katela mushumo wa nnḓa, u sedza vhadzheneli, inthaviwu dzo dzhenelelaho na kuitele kwa vhutumbukwa. Ngudo dzi shumisaho ngona idzi, dzo nkonisa u vhona vhuṱumani vhukati ha lushaka lwa ha Khumalo ‒ murafho wa ha Mzilikazi Khumalo we wa vha u khonani dza Khosi Shaka nahone hu pfi wo shela mulenzhe zwihulwane kha u fhaṱa zwi vhidzwaho uri lushaka lwa ha Zulu ṋamusi ‒ na vhomalume anga. Kha miṅwedzi ya rathi ye nda I fhedza ngei Esihlengeni, kuḓana ku re kha ḽa Vryheid, KwaZulu-Natal, ndo inthaviwa vhathu vha 27, nda dzhenela mbulungo mbili, nyitelatherelo nthihi ya muṱa na tshimbidza nyambedzano dza zwigwada zwo sedzaho mbili na vhafumakadzi vha zwiṱokofela. Ndo wana uri zwiṱokofela a zwo ngo ḓisendeka nga muhanga wa nḓivho ya Afrika sa zwe zwa lavhelelwa kha tshitatamende tsha thaidzo fhedzi hu kha ḓi vha nga ngomu ha thevhekano ya pfuma ya u bindula zwenezwo a zwo bvi kha zwithu zwa ndeme zwa sialala zwa tshitshavha. Musi zwiṱokofela zwi tshi ḓivhadzwa nga thevhekano thakhulwa ya pfuma, tshitshavha tsha Esihlengeni tshi kha ḓi dzhia u bva kha kuvhonele kwa mvelo kwa ḽifhasi ku vha ṋekedzaho kupfesesele kwo fhambanaho lwa ikonomi yo ḓisendekaho nga kholomo – nḓila ine ya vha tendela u shuma nyitelatherelo dzavho zwi themendelaho tsireledzo na u bvelaphanḓa ha vhutshilo – u itela u pfesesa ḽifhasi ḽavho. U omelela kha ndeme ya kholomo kha tshitshavha itshi sa tshililo tshavho tsha u tendelwa u vha hone na u dzhielwa nṱha sa vhathu vhane vha kona u ḓihumbulela. Ndi pendela nga u amba uri u itela u pfesesa tshoṱhe tshitshavha itshi ri tea u dzhia kuvhonele kwa zwa mvumbo ro khwaṱhisa uri ri sa tou vha na nḓila nthihi fhedzi ya u vha hone. Tshitshavha tsha Esihlengeni zwenezwo tshi ri fha thyori ya ikonomi yo ḓisendekaho nga vhutshilo ho fhelelaho – hezwo zwi dzhiela nṱha zwa muvhili na zwa khumbulelwa u khwaṱhisedza u bvelaphanḓa ha vhutshilo. Zwenezwo, tshitshavha tsha Esihlengeni tshi tea u dzhiiwa sa tshifhiwa tsho tewaho nga dzindivhuwo. / Anthropology and Archaeology / D. Phil. (Anthropology)