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11	The use of derivatives by South African agricultural co-operatives to hedge financial risks Botha, Erika 30 June 2005 (has links) The agricultural sector plays an important role in the South African economy through job creation and earning foreign exchange. The role of agricultural co-operatives increased substantially over the last few decades. The research focuses firstly on the identification of derivative instruments in the market and their applicability to mitigate financial risks co-operatives experience. Secondly, research is conducted about the extent to which co-operatives use these derivatives to hedge financial risks. The research shows that most co-operatives are exposed to financial risks through different activities. It is, however, evident that although the derivative instruments are available, not all co-operatives make use of these instruments. Recommendations for further research include the development of a risk management framework and determining the different economic factors that have an influence on the use of derivatives by South African agricultural co-operatives. / Business Management / M.Comm. Agricultural co-operatives Derivative instruments SAFEX Futures contracts Forward contracts Options Swaps Forward rate agreements Hedging Financial risks 332.6450968 Derivative securities -- South Africa Agriculture, Cooperative -- South Africa Futures -- South Africa Swaps (Finance) -- South Africa Options (Finance) -- South Africa