This research is aimed at finding empirical evidence to support the relationship between Broad-based Black Economic Empowerment (BBBEE) compliance and the financial performance of South African companies on the JSE. An independent measure of the BEE score was obtained from the Empowerdex Top Empowerment Companies (TEC) ranking from 2004 to 2009. 14 sectors on the JSE were selected to ensure inclusion of all major industries in South Africa. A total of 209 companies were selected, and the multivariate exploratory technique of Cluster Analysis was used. The predictor variable of the company’s BEE status was then compared to a number of financial performance indicators such as annual share price, price-tobook value ratio and the price-to-earnings ratio (i.e. the outcome variables). By standardising the variables of the BEE score and using Compound Annual Growth Rate (CAGR), the k-means Clustering method yielded four interpretable clusters with 15, 64, 95 and 35 companies respectively. The finding indicate that only in the case of the cluster of companies that increased it’s BEE score, were all three profitability measures significantly different and, according to the means, in the direction of higher profitability. However, there were no significant differences in the results to support the proposition that low-BEE scores of companies had a negative impact on their profitability and their firm’s value over time. / Dissertation (MBA)--University of Pretoria, 2010. / Gordon Institute of Business Science (GIBS) / unrestricted

This study endeavoured to establish, specifically, the effectiveness of enterprise development initiatives within the McCarthy Ltd franchised dealer network and also to understand their low occurrence within the group. Effective implementation of enterprise development initiatives within McCarthy Ltd franchised dealer network would also mean compliance to the BBBEE codes of good practice. The study found that there was a lot of optimism among dealer principals to introduce and manage the concept of enterprise development within the group. A convenience sample of dealer principals from within the group countrywide was taken as well as that of beneficiary enterprises initiatives operating countrywide as well for this study. The actual occurrence of enterprise development within the McCarthy Ltd franchised dealer network however was not encouraging, at least based on the actual reported initiatives in existence. The study found that there was a significant gap between the requirements of start-up or early stage enterprises and requirements of maturing to mature businesses. It also indicated that dealer principals were not necessaril y always adequately equipped to deal with the requirements of beneficiary enterprise requirements and hence the low occurrence or lack of introduction of enterprise development initiatives on a much wider scale. / Dissertation (MBA)--University of Pretoria, 2010. / Gordon Institute of Business Science (GIBS) / unrestricted

Submitted to the Faculty of Arts in fulfilment of the requirements for the degree D.Litt et Phil in the department of Isizulu at the University of Zululand, 2002 / This research study is, inter alia, an attempt to respond to His Excellency, President Mbeki's call and pronouncement of the African Renaissance viz, that there be a reawakening and rebirth of Africa's heritage. This implies, amongst other things, the restoring of an African's dignity and respect, the eractition of poverty and its related disadvantages, re-looking at teh African's rich and lost culture. The research aims at dispelling the fallacy and myth that research output and involvement in research by the departments of African Languages at both historically White and historically Black universities are merely routine activities. to the critics these departments are geared towards survival rather than anything else.

A dissertation submitted to the Faculty of Arts in fulfillment of the requirements for the Degree of Doctor Of Philosophy in the Department of Library and Information Studies at the University Of Zululand, 2018 / Human civilisation has been characterised by numerous revolutions, with the most recent one being the information revolution. Information is driving development in all spheres of life: social, political, economic, health and human services. For effective utilisation of information, a special kind of literacy beyond functional literacy or the ability to read and write is required. This kind of literacy is what is commonly referred to as Information literacy (IL). Researchers are increasingly designating several types of literacy. Financial literacy, which is the ability to understand the fundamentals of money management, namely budgeting, spending, saving, investment, the use of financial products and services like government financial assistance programmes, banking and insurance; basic numeric skills and debt levels, is at the core of this study. The overall aim of the study was to establish the financial literacy competences of women entrepreneurs and determine their impact on women’s economic empowerment. The overall aim of the research was to identify the financial literacy skills of women entrepreneurs and to study their role in women's economic empowerment. The study's objectives were: 1) To determine the financial literacy skills of women entrepreneurs in Kenya; 2) To determine the level of economic empowerment of women entrepreneurs. 3) To determine the relationship between financial literacy and women's economic empowerment and 4) To suggest a model for the enhancement of the financial literacy skills of women entrepreneurs in Kenya. The following research questions were addressed to realise the objectives of the study: 1) What are the financial literacy skills of women entrepreneurs in Kenya? 2) What is the level of economic empowerment of women entrepreneurs? 3) What is the relationship between women’s financial literacy and their economic empowerment? 4) Which is the best model for enhancing financial literacy skills of women entrepreneurs in Kenya? The study used the mixed method approach which is normally associated with Pragmatic paradigm. The study combined the Positivist/postpositivist approach, which is associated with quantitative data, and Constructivist approaches which emphasise the socially constructed nature of reality and are therefore associated with qualitative data. The study was carried out using the survey research design because of its ability to capture the complexities of the issues under study using only a small sample of the population. Purposive sampling was used to select 105 women’s groups who had obtained loans from the Uwezo Fund in Chuka Constituency in the financial year 2013/2014. Both random and stratified sampling technique was applied to select the women entrepreneurs who formed the sample. The number of respondents from each stratum was proportionate to the size of the different strata of enterprises funded. In order to reduce possible sampling error, a total of 400 respondents were selected. Detailed questionnaires with both structured and open-ended questions were used to collect data. Discrete data was analysed using the Statistics and Data (STATA) package to generate descriptive statistics such as frequencies (counts) and percentages to describe data on the various variables. Cross-tabulation analysis was conducted to simultaneously analyse the relationship between two or more variables in the study. Causal analysis that is concerned with the study of how one variable affects changes in another variable, was used to determine how financial literacy skills affect women's economic empowerment, which is one of the research questions. A chi-square test of independence was then carried out to assess the degree of association between these variables. Research findings confirm that financial literacy skills are a major factor in women's economic empowerment, but that some financial literacy skills have a greater impact than others. Women entrepreneurs acquire financial literacy skills through social constructionism. Lack of financial literacy skills is hindering women entrepreneurs from becoming economically empowered. A willingness to invest in a risky business venture 239 (62.57%), lack of basic numeric skills 237 (61.88%), and taking loans without considering the cost 88 (71.42%) is undermining women’s economic empowerment. This is demonstrated by the fact that 78 (20.47%) of the respondents feel that their financial status is out of control and 153 (40.26%) feel uncomfortable about their current debt status. This study proposes that regular assessment of women entrepreneurs’ financial literacy skills be carried out and tailor-made training courses to fulfil these needs be introduced. Priority should be given to topics such as computing, loans, reading and understanding bank statements, budgeting, spending, saving and investing in business ventures. In order to increase the number of women entrepreneurs included in formal financial services, financial institutions should offer women financial products that suit them.

Mergers and acquisitions (M&As) are an ubiquitous feature of modern corporate landscape. Most are entered into for various synergistic (voluntary) reasons whilst some, such as broad-based black economic empowerment (BBBEE) M&As, are driven largely by legislative requirements. Research has shown that the factors that lead to the success or failure of voluntary M&As are many and complex.Whilst there is a plethora of literature regarding the success factors for voluntary M&As, there is, however, a paucity of academic literature on the qualitative factors that lead to the success or failure of BBBEE M&As, despite quantitative studies showing the benefits of BBBEE M&As. Because of the significance of BBBEE to the economic development of the country, policy makers, academics and business people need to fully understand such factors.Given the dearth of academic literature on the subject, a qualitative, exploratory study conducted by way of face to face, expert, semi-structured interviews, was undertaken to answer the research problem.The study found that whilst BBBEE M&As are similar, in some respects, to voluntary M&As, BBBEE M&As require different or additional success factors to those applicable to voluntary M&As. Some of these are: funding structure, transaction rationale, expectations‟ alignment, clear deliverables, active governance, operational involvement, relationship management, transformation and social investment. / Dissertation (MBA)--University of Pretoria, 2012. / Gordon Institute of Business Science (GIBS) / unrestricted

M. Tech. (Department of Business Administration, Faculty of Management Sciences), Vaal University of Technology. / The influence of measuring Broad Based Black Economic Empowerment (B-BBEE) is becoming a vital issue in organisations simply because it affects the organisation in different ways. Organisations seek ways to improve their B-BBEE status level in order to be conducive when conducting business and they believe that B-BBEE is necessary. The B-BBEE verification agencies are responsible for carrying out a factual, thorough evaluation of a measured entity’s B-BBEE status and, based on the result, for determining a B-BBEE score. The overall aim of conducting verification is to give confidence to all parties that rely upon the score set out in the verification certificate that the information on which the certificate is based has been tested for validity and accuracy. The study provided more information on how verification agencies can improve their competencies and how this affects the Department of Trade and Industry and the verification agencies. The study focused on educating the verification agencies and the Department of Trade and Industry about the importance and processes of developing a competency framework. Its purpose was to develop a competency framework for verification agencies. A survey consisted of about 300 verification practitioners employed by 80 verification agencies. Data was collected using the consensus sampling technique. All of these practitioners constituted a ‘universe’ or ‘population’ and 87 respondents were utilised. The Social Package for the Social Sciences (SPSS) and AMOS software packages were used for descriptive and factor analysis. Finally, the findings for the study are highlighted and the conclusions, implications and recommendations drawn.

Assessment of BEE progress in the petroleum industry and its role in creating value for the players within the industry.

Assessment of BEE progress in the petroleum industry and its role in creating value for the players within the industry.

The Broad-Based Black Economic Empowerment (B-BBEE) Act 53 of 2003 sought to redress the socioeconomic imbalances caused by South Africa’s apartheid laws. The Act included different strategies to give preference to previously disadvantaged individuals on such aspects as ownership, management, employment, enterprise development, preferential procurement, skills development and socio-economic development. This thesis does not explore the plausibility of the regulations but rather the possible gap between intended benefits and the impact of B-BBEE. It is intended to establish the administrative impact of Black Economic Empowerment (BEE) certification,1 using a case study of a medium-sized tourism enterprise. The findings of this administrative impact are juxtaposed with the policy intentions as established through policymakers. The primary question is ‘What is the administrative impact of BEE certification on tourism enterprises in South Africa?’ The main propositions are that the administrative costs of BEE certification have had a significant negative impact on the profitability and competitiveness of medium-sized tourism enterprises; that tourism enterprises are not aware of the full extent of the administrative costs of BEE certification; and that policymakers are not aware of the unintended impacts caused by BEE certification on tourism enterprises. The research was undertaken through two interrelated phases, the first of which was exploratory in nature and sought to establish the administrative impact of BEE certification through the case study organization. The second phase sought to present the findings regarding the administrative impact of BEE certification to policymakers, with the aim of establishing policymakers’ awareness of the gap between policy intentions and policy impacts. Multiple methods have been used in order to gather data that informs this thesis. Primary data was obtained through semistructured interviews. The thesis focused on a case of one medium-sized organization, which was selected using convenience sampling. An in-depth interview was conducted with the Head of Administration and Finance in the organization, as the key person responsible for overseeing the process of BEE certification. Since the thesis focuses on a single entity, the data pool was too small to allow for the generalization of findings, but sufficient for a series of in-depth explorations and assessments of the topic. Secondary data was obtained from various sources such as journals, periodicals, and reports, particularly in relation to regulatory impact assessments as well as on certification issues in the tourism sector. The main findings are that the administrative costs of BEE certification have had a minimal impact on the profitability and competitiveness of medium-sized tourism enterprises, especially from the second year of conducting the annual audits as the systems are already in place for oncoming audits. It is only about 0.01% of turnover. 1 An activity that stems from one of the regulations linked to B-BBEE Act. It is an annual certification to demonstrate the companies’ achievement as far as B-BBEE is concerned, and entails an audit process executed by South African National Accreditation System (SANAS) registered agencies. Page 3 of 3 However, the psychological burden associated with the stress of administrative preparations for audits makes it seem more costly. The tourism enterprises are unaware of the extent of the administrative costs of BEE certification in that they overestimate the cost implications by at least 75%. The policymakers are unaware of the unintended impacts caused by BEE certification on tourism enterprises, especially as they relate to the administrative costs. In conclusion, the administrative impact of BEE certification on medium-sized enterprises is minimal as far as costs are concerned; however the psychological burden, although not measurable, is substantial. Moreover, the policymakers are oblivious to any possible impacts that might have been caused by BEE certification on enterprises, thus making the gap between policy intentions and the policy impact more than it could have been had they had the awareness. Awareness at the least gives an option to rectify where possible, thus ignorance of situation can to a certain extent exacerbate the situation.

This study explores the effect of two NGO empowerment programs on the lives of women in urban slum communities of Ghana and India. In particular, the research aims to understand whether and to what extent economic empowerment through microfinance and skills training addresses women’s basic need and gender inequality in contexts of urban poverty. Considering the centrality of “empowerment” to collective feminist politics as well as development policy and practice, the purpose of this study is to contemplate what “empowerment” actually means from the perspective of those actively engaged in the process. Based on the survey and interview responses of program clients, this project explores the depth and scope of NGO empowerment interventions and considers steps that can be taken to further women’s empowerment. / text