A thesis submitted to the Faculty of Commerce Law and Management, University of the Witwatersrand, Johannesburg, in fulfilment of the Degree of Doctor of Philosophy / Ethical investing has become increasingly prevalent in recent years and mirrors a rise in shareholder activism, consumer ethics and corporate social responsibility. Shariah funds are a subset of ethical funds. The rise in popularity of ethical funds has raised questions as to whether ethical funds perform better than conventional funds, and whether ethical funds are riskier than conventional funds. A number of studies have been carried out in different countries utilising the traditional performance measures as well as factor models to determine the risk profile and returns of ethical funds compared to conventional funds. These studies have shown that the results are country specific and hence each country needs to be analysed separately. The aim of this study is to investigate ethical funds (incorporating Shariah funds) in the South African context. The study examines the performance and risk profile of ethical funds relative to conventional funds utilising traditional performance methods as well as the CAPM model and Fama French 3-factor model. Furthermore, the study determines the factors that influence investors to invest in ethical funds and to examine their investment preferences when choosing between conventional funds and ethical funds through a survey of Muslim investors. Finally, the study examines the role of advertising in ethical fund investment and investigates whether the marketing material of ethical funds is aligned to investor requirements by utilising content analysis to compare the fact sheets of various mutual funds for the presence of factors identified as important by investors. The empirical results show that conventional funds outperformed ethical funds with a greater variability of return over a truncated time period. Both ethical and conventional funds were driven primarily by the market return with no clear style bias. In fact, ethical funds had a stronger beta to the ALSI than to the JSE SRI index. The qualitative analysis showed that the sampled investors perceived conventional funds as offering better returns, but being more risky. The sampled investors were willing to undertake financial sacrifice in order to invest according to their faith. The most important source of information regarding investments was cited as professional advice, followed by word of mouth and advice from family and friends. Advertising came in behind these factors and was not an influential source of information for the sampled investors. The factors most important to investors when deciding to invest in a fund was the philosophy of the fund (i.e. it’s investment strategy or ideology) followed by the risk profile of the fund and past returns of the fund. The content analysis showed that the factsheets of South African mutual funds were aligned to the factors identified by the sample of investors as most important with influencing their decision to invest. Moreover, conventional funds focused more on returns than risk, with ethical funds focusing more on risk than return – thus funds tended to emphasise their strong points most in their factsheets. / MB2016

Thesis (M.Com. (Accountancy))--University of the Witwatersrand, Faculty of Commerce, Law and Management, School of Accounting, 2016. / The mode of reporting performance by firms has shifted radically in recent years from a set of audited annual financial statements, to the inclusion of integrated and sustainability reports. This move has been particularly important for South African listed firms, which are required to prepare integrated reports (and therefore sustainability reports) due to the revision of the Johannesburg Stock Exchange (JSE) listing requirements. Although there are no specific accounting standards at present particularly for sustainability reports, certain reporting frameworks, such as the Global Reporting Initiative (GRI) guidelines, have influenced and become leaders in such reporting. The value relevance of the quality of sustainability reports is the focus of this study. This research report tests whether report quality as measured by the GRI reporting categories is value relevant for JSE listed companies, whether better reporting companies achieve better long term performance over the period 2007 to 2015. Value relevance is measured using a 4 tiered portfolio construction technique, which uses the GRI reporting categories to define comparative investment portfolios. The results indicate that GRI firms with the highest report qualities underperformed significantly when compared to the market, with the exception of the C report firms, which showed some level of outperformance in the later portfolio years. Interestingly, the portfolio of firms using frameworks other than the GRI outperformed all of the categories of GRI framework firms, as well as the market. The results for the GRI category firms therefore contradict some of the previous research on the value relevance of sustainability reporting which used different measurement proxies for quality, while the non GRI reporting firm results find similar conclusions. This research report therefore concludes that the GRI framework implementation is relatively low in a South African context, and that the GRI report categories do not provide a measure of report quality for the purpose of measuring value relevance, and rather measure the breadth of reporting. This is partly due to the early stage of development of sustainability reporting within South Africa, as well as the lack of a mandatory assured reporting framework such as the GRI, resulting in many firms preferring not to use the globally favoured GRI framework. It appears that most firms are tailoring the various frameworks available to their needs rather than using a consistent framework, which results in reports not being based on the same framework, and therefore not being comparable, even on a high level indicator basis. This highlights the need for revisions to be introduced in the King IV report which will hopefully assist in formalising the leading sustainability framework, and therefore standardising sustainability reporting, together with providing a linkage to the Code for Responsible Investing in South Africa, which requires investors to integrate their investment decisions with sustainability considerations. / MT2017

Thesis (MBA)--Stellenbosch University, 2005. / ENGLISH ABSTRACT: This is an exploratory study that examines how companies within the South Africa insurance sector approach the area of Corporate Social Investment (CSI). South Africa is burdened with a number of pressing social problems- such as unemployment. HIV/AIDS and crime - and in many respects the insurance industry is on the front-line; as these problems have a direct impact on their core business. The primary research, upon which the findings are based, consist of ten qualitative interviews with individuals who were either responsible for CSI within their organisation or were involved in the decision-making process. Its main aim is to understand the motivations and drivers that underpin corporate giving programmes. In particular, the study focuses on how social investment is managed within the context of a society that is undergoing social transformation. It also touches on the question of self-interest and how this impacts on giving programmes. Notably. the study observed a major shift in how companies set-about their social investments post-1994. These include a more business-like approach in which corporations were managing CSI, a move away from utilizing CSI as a marketing tool, and integrating CSI with other aspects of corporate social responsibility. The research also identified a change in the rationale and philosophies underpinning involvement in CSI. Coupled with this is added external pressure from government and investors, as well as self-imposed drivers arising out of the Financial Sector Charter. / AFRIKAANSE OPSOMMING: Hierdie is 'n ondersoekende studie wat fokus op die benadering van die Suid Afrikaanse versekerings sektor tot die area van Korporatiewe Sosiale Beleggings (KSB). Suid Afrika word geteister deur 'n aantal drukkende sosiale probleme - soos werkloosheid, MIV/VIGS en misdaad - en in baie gevalle is die versekeringsektor in die voorste linie deurdat hierdie kwessies direk impak maak op hul kern besigheid. Die primere navorsing in hierdie verslag is gegrond op tien kwalitatiewe onderhoude met individue wat verantwoordelikheid dra vir KSB binne hul organisasies, of ten minste betrokke is by besluitneming daarrondom. Die hoof doelstelling is om die motivering en drywers te verstaan wat KSB onderspan. In besonder kyk die studie na die bestuur van KSB binne die konteks van 'n samelewing wat sosiale transformasie ondergaan. Die studie raak ook die vraag aan van self-belang en hoe dit impak maak op skenkingsprogramme. Dit is nodig om te let op die punt dat daar 'n groot skuif was in die manier wat maatskappye KSB benader post 1994. Dit sluit 'n sterker besigheidsbenadering in, 'n beweging weg van KSB as 'n bemarkings-instrument, asook die integrasie van KSB met ander aspekte van korporatiewe sosiale verantwoordelikheid. Die studie het ook veranderinge identifiseer in die redes en filosofiee wat dien as grondslag vir KSB. Ook verwant aan dit is die addisionele druk van regering en beleggers, asook die self-opgelegde drywers wat voortspruit uit die Finansiele Sektor Handves.

M. Tech. Business Administration / The study is being conducted against the background of the poor literacy levels of learners in previously disadvantaged primary schools in South Africa. The aim of this study is to investigate if the donation of container libraries by AVBOB as part of its Corporate Social Responsibility projects has an impact on the literacy of the learners. The objective of the study was to assess and evaluate the benefits of using a container library donated by AVBOB Mutual Assurance Society for improving the literacy skills amongst Grade 6 pupils enrolled at Sapphire Primary School in the Eastern Cape. The study was based on a random sample of size n=47 pupils enrolled in Grade 6 at Sapphire Primary School and pupils enrolled at three other primary schools that did not use container libraries for teaching literacy to Grade 6 pupils.

Thesis (MA)--University of Stellenbosch, 2004. / ENGLISH ABSTRACT: The corporation is fast becoming, or may already have become, the prevalent structure in human society. As such, its successes and failures impact heavily on society as a whole. This study will endeavour to examine past shortfalls in corporate thinking and practice, explaining much of this by referring to lag between societal and corporate change in their respective responses to globalisation. It is furthermore argued that this change is still far from complete( d), if indeed it ever will be complete( d) with a fixed end. This global change, has to a large extent, caught corporations off guard, with their old management styles no longer providing results - with civil resistance to corporate activity resulting in some instances. The central aim of this study is to not only understand this situation, but also to explore potential remedies. In so doing two unique ideal states, namely the old and the new company, will be developed. With the old company representing corporate structure and thinking that no longer functions effectively. The new company, on the other hand, is not a present state but a future one. Thus it is the destination of the societal and corporate changes examined within this thesis. Consequently, the main subject examined will be a move away from the old company. Finally, it will be shown that dealing with problems within the corporate context no longer requires the heavy hand of yesteryear. Instead, a proactive approach should be adopted, both for financial and ethical reasons. / AFRIKAANSE OPSOMMING: Dit kan geargumenteer word dat korporasies binnekort die dominante struktuur in menslike organisasie kan wees, indien dit nie reeds die geval is nie. As sulks, het die suksesse en mislukkings van die korporasie 'n merkbare impak op die menslike samelewing. Gevolglik beoog hierdie studie om voormalige tekortkominge in korporatiewe denke en praktyk te ondersoek en te verduidelik, grotendeels met verwysing na die verskil in tempo waarmee beide die samelewing en korporasies reageer op die nuwe uitdagings wat gepaardgaan met globalisering. Dit word verder geargumenteer, dat hierdie proses van verandering geen voorspelbare einde het in die klassieke sin nie. Juis daarom het die voortdurende verandering oudmodiese bestuurstyle en tegnieke onkant betrap, met nagevolge wat strek tot by burgerlike verset. Sentraal aan die ondersoek van hierdie situasie is nie net die intensie om dit te verstaan nie, maar ook die soeke na strategieë om dit reg te stel. Om die onderneming te fasiliteer word twee ideaal state, naamlik die ou en die nuwe maatskappy ontwikkel. Die ou maatskappy verteenwoordig uitgediende strategieë en bestuurspraktyke, terwyl die nuwe maatskappy 'n toekomstige staat is en dus nog nie gerealiseer is nie. Die fokus is dus op die beweging van die ou na die nuwe maatskappy. Laastens sal dit ook aangetoon word dat uiters outoritêre bestuurstyle en strategieë nie meer van pas, of suksesvol is in die hantering van korporatiewe probleme nie. Alternatiewelik word 'n proaktiewe benadering, op beide etiese en finansiële gronde, aanbeveel.

Thesis (PhD)--Stellenbosch University, 2012. / ENGLISH ABSTRACT: A study of the sustainability journey of Spier Holdings, a well known wine and leisure business in South Africa, offers a unique opportunity for interrogating corporate drivers for a lower carbon future. The business has established sustainability as a brand identity, declared carbon neutrality as a macro organisational goal in response to the global challenge of climate change, and sought scientifically and technologically appropriate ways of addressing this challenge. A preliminary analysis revealed various initiatives that are in place for measuring and reducing the business’ environmental impact, including carbon emissions. However, an in-depth study of the establishment’s environmental performance over two decades showed inconsistencies in year-on-year reporting, delays in shifting the supply chain, and gaps in implementation, particularly in the area of energy efficiency and adoption of renewable energy technology. Understanding and interrogating the business’ sustainability journey through a systems ecology and corporate citizenship framework proved inadequate. The case highlights that organizational goals for environmental performance areas, including the aim of carbon neutrality, and sustainability reporting are not sufficient catalysts for change. A complexity-based resilience approach allowed the business to be understood as an adaptive system. The sustainability story tracks different phases of a modified adaptive renewal cycle, which also determine the dominant management paradigms, strategic responses and forms of collaboration during each phase. Spier’s sustainability journey was found to be underpinned by a quest for corporate resilience which includes the resilience of the business (enterprise resilience) and of the social-ecological system within which it resides (SES resilience). The business responded to interdependent risks and uncertainties in its internal and external contexts, through investment strategies in key areas of corporate environmental performance. As a contribution to new knowledge, this thesis proposes an integrated corporate resilience framework for building enterprise resilience and ecological sustainability. This framework, and the accompanying mapping tool, reveals deep, ecological drivers for Spier’s environmental performance across corporate areas of lower carbon emissions, water sustainability, wastewater treatment, solid waste recycling and ecological custodianship. The framework is recommended for use by similar businesses, eager to configure their relationship with natural resources and ecosystem services, and by scholars, for investigating corporate performance towards environmental sustainability. / AFRIKAANSE OPSOMMING: ʼn Studie van die volhoubaarheidsonderneming van Spier Holdings, ʼn bekende wyn- en ontspanningsaak in Suid-Afrika, bied ʼn unieke geleentheid vir die ondersoek van korporatiewe aandrywers vir ʼn laer koolstoftoekoms. Die onderneming het volhoubaarheid as ʼn handelsmerkidentiteit gevestig, koolstof-neutraliteit as ʼn makro- organisatoriese doel verklaar in reaksie op die wêreldwye uitdaging van klimaatsverandering, en het wetenskaplik en tegnologies gepaste wyses gesoek om hierdie uitdaging die hoof te bied. ʼn Voorlopige analise het verskeie inisiatiewe wat gereed is vir meting en vermindering van die onderneming se omgewingsimpak aan die lig gebring, met inbegrip van koolstofvrystellings. ʼn Dieptestudie van die instelling se omgewingsprestasie oor twee dekades heen het egter inkonsekwenthede in jaar-tot-jaar-verslagdoening, vertragings in die verandering van die aanvoerketting, en gapings in implementering, in die besonder op die gebied van energiedoeltreffendheid en die ingebruikneming van hernubare energietegnologie getoon. Begrip en ondersoek van die onderneming se volhoubaarheidsonderneming aan die hand van ʼn raamwerk vir sisteemekologie en korporatiewe burgerskap het onvoldoende blyk te wees. Die geval beklemtoon dat organisatoriese doelstellings vir omgewingsprestasiegebiede, met inbegrip van die oogmerk van koolstofneutraliteit, en volhoubaarheidsverslagdoening nie voldoende katalisators vir verandering is nie. ʼn Kompleksiteitgebaseerde veerkragtigheidsbenadering het dit moontlik gemaak dat die onderneming as ʼn aanpassingstelsel beskou kan word. Die volhoubaarheidsverslag gaan verskillende fases van ʼn gewysigde aanpassings- hernuwingsiklus, wat ook die dominante bestuursparadigmas, strategiese reaksies en vorme van samewerking gedurende elke fase bepaal, na. Daar is bevind dat Spier se volhoubaarheidsonderneming onderstut word deur ʼn soeke na korporatiewe veerkragtigheid wat die veerkragtigheid van die onderneming (ondernemingsveerkragtigheid) en van die sosiaal-ekologiese stelsel waarbinne dit gesetel is (SES-veerkragtigheid) insluit. Die onderneming het op onderling afhanklike risiko’s en onsekerhede in sy interne en eksterne samehange gereageer deur beleggingstrategieë in sleutelgebiede van korporatiewe omgewingsprestasie. As ʼn bydrae tot nuwe kennis, doen hierdie tesis ʼn geïntegreerde korporatiewe veerkragtigheidsraamwerk vir die opbou van ondernemingsveerkragtigheid en ekologiese volhoubaarheid aan die hand. Hierdie raamwerk, en die gepaardgaande beskrywingsinstrument, lê diep, ekologiese aandrywers vir Spier se omgewingsprestasie oor korporatiewe gebiede van laer koolstof-vrystellings, watervolhoubaarheid, die behandeling van afloopwater, herbenutting van vaste afval en ekologiese bewaring bloot. Die raamwerk word aanbeveel vir gebruik deur soortgelyke ondernemings wat graag aan hulle verhouding met natuurlike hulpbronne en ekostelseldienste vorm wil gee, en deur vakkundiges vir die ondersoek van korporatiewe prestasie met betrekking tot omgewings-volhoubaarheid.

Thesis (MScAgricAdmin)--Stellenbosch University, 2001. / ENGLISH ABSTRACT: This research paper attempts to elucidate the main issues surrounding the integration of ethical trade, meaning the building, monitoring, and communicating of social and/or environmental responsibility, within the South African wine industry. The author first establishes the hypothesis that social and/or environmental responsibility is important to the South African wine industry, as this investment could theoretically provide the industry with a competitive advantage in an increasingly cutthroat international wine market by addressing the industry's most outstanding defects: the lack of quality production, the need for investment in natural resources (labour and the environment), as well as the call for building brand equity and niche marketing strategies. Put differently, this paper suggests that the investment in social and/or environmental responsibility could offer cost-saving benefits to the industry as well as paving a road to international market access. This research first gives a background of ethical trade and determines a picture of the current situation of the South African wine industry, and lastly, given this information, derives the key opportunities, obstacles, and implications of the potential amalgamation of ethical trade in the industry. / AFRIKAANSE OPSOMMING: Die doel van hierdie studie was om die belangrikste probleme rondom die integrering van etiese handel, waarby bedoel word die bou, monitering en kommunikering van sosiale en/of omgewingsverantwoordelike produksie, binne die Suid-Afrikaanse wynbedryf, toe te lig. Eers word die belangrikheid van etiese handel vir die bedryf vasgestel, en word redeneer dat sodanige belegging teoreties aan die bedryf 'n mededingende voordeel in die internasionale mark kan bied deur aandag te gee aan sekerlik die belangrikste tekortkominge in die Suid-Afrikaanse bedryf. Dit sluit in die gebrek aan genoegsame kwaliteit-produksie, die behoefte aan belegging in kritiese hulpbronne, naamlik mense en die omgewing, asook 'n wekroep vir belegging in handelsmerke en niche-strategieë. Anders gestel, word die voorstel gemaak dat sulke beleggings tot voordeel van die bedryf kan wees deur dat dit koste-besparings en verbeterde toegang tot die internasionale mark teweeg kan bring. Daarom word die begrip etiese handel eers toegelig, gevolg deur 'n strategiese ontleding van die Suid-Afrikaanse bedryf. Gegewe hierdie inligting, word die sleutel geleenthede, beperkinge, en implikasies van die aanvaarding van etiese handel dan ontleed.

Thesis (MPhil (Sustainable Development Planning and Management))--University of Stellenbosch, 2007. / In the run-up to the Millennium Development Goals of 2015, the United Nations Global Compact and others are targeting major corporations to play an active leadership role in promoting sustainable development. Increasingly, corporations are encouraged to do so while pursuing profit-making business opportunities yielding social good in developing countries. Beyond corporate citizenship, the ideal of “inclusive capitalism” is popularized by C.K. Prahalad, who evangelizes to corporations about the benefits of marketing to the untapped market opportunity offered by the 4 billion poor consumers that make up the “Bottom of the Pyramid”. Hewlett Packard, under former CEO Carley Fiorina embraced this concept; and, supported by President Thabo Mbeki, launched a high profile project to test this proposition at the 2002 UN World Summit on Sustainable Development in Johannesburg. Launched as a three year Public Private Partnership between Hewlett-Packard, the Limpopo Province and the Mogalakwena Municipality, the project aimed at “creating breakthrough models of sustainable development, not altruism, at global replication, not local exclusivity”. Influenced by the author’s status as an IT industry insider in Africa, this narrative case study draws on privileged access to sources. While a single case study cannot serve to validate or discredit a development model, it can effectively expose tensions and contradictions within a model The case examines what happened in the company’s search for these “breakthrough models” in South Africa, and reveals how the competing logics between business realities and development imperatives are not easily reconciled. Early language around the inclusive capitalism or BOP discourse emphasizing unlimited business opportunities and poverty eradication through profits may set unrealistic expectations for business executives.

Thesis (MPhil)--Stellenbosch University, 2011. / ENGLISH ABSTRACT: Ecosystems, and the very services and resources that they provide, are fundamental to our existence. Regardless, mankind shows scant regard for the biotic and abiotic components of the environment that serve as both sources and sinks for anthropocentric demands, practices and behaviours. Of these vital resources, perhaps the one that is most under threat is water which while crucial for growth and development around the globe, is rapidly becoming a scarce commodity. In South Africa - already a water-scarce country - this situation is further compounded by mining practices that are not only unsustainable, but also largely unregulated from an environmental perspective. Mining activities have resulted in the mass exposure of iron pyrite and heavy metals, both underground and on the surface. Upon exposure to weathering, the iron pyrite gives rise to sulphuric acid, which, in turn results in the mobilisation and concentration of toxic metals. Although this is a geological phenomenon, the increasing concentrations of toxic metals as a result of mining have exposed the Gauteng province to enormous environmental, social and economic risks. Concerning the risks, the research highlighted the following: - Although comprehensive research has been found relating to the physical attributes of acid mine drainage (AMD), very little is known of the health aspects associated with AMD. Of immediate concern is, the subsequent environmental and health implications stemming from the association between living organisms and heavy metals. - In the absence of such information, the credibility of current solutions is thus questionable. Of the solutions that have been proposed, most have been reductionist in approach and have only focused on dealing with the surface decant of contaminated water from predominately non-functioning mines. The health risks associated with radioactive and highly toxic waste have been down played or simply ignored (Albrecht, 2011). - The absence of a comprehensive solution also raises questions as to the assessment and decision-making process utilised to date by the Department of Water Affairs (DWA). - Both government and the private sector have allowed the AMD threat to amplify over the years. Their inaction has been facilitated by the poor enforcement of legislation and, clever manoeuvring by mining companies, in what can only be described as a mutually beneficial relationship between government and the mining industry. In stark contrast to the inaction of government and the private sector, environmental activists have been very vocal in calling for a solution to a number of the risks associated with AMD. This, together with the recent decant of AMD in the Western Basin, has culminated in a public outcry and prompted calls for a solution to the AMD threat. Government's response to this was a narrow and incomprehensive solution, which only served to further frustrate the different stakeholder groups. Where stakeholders have different themes as to the implications and thus solutions to the AMD threat on the Witwatersrand (as driven by the profiles of the different stakeholder groups), an appropriate solution will only be realised by adopting the following recommendations: - Government must show the necessary political will, to fully engage the threat of AMD and address their poor track record as regulator - their credibility has been skewed through their vested interests in the mining industry. - Having taken ownership of the AMD threat on the Witwatersrand, government must move to avert any immediate risks to human well-being. - Under governments' leadership, the capacity of all stakeholders must be addressed to facilitate a participatory trans-disciplinary review of the assessment mechanisms and facts, in order to reach a mutually acceptable solution(s) to the social and environmental impacts associated with mining activities - a solution that will ensure future environmental integrity, social development and economic growth. / AFRIKAANSE OPSOMMING: Ekosisteme, en die dienste en hulpbronne wat dit voorsien, is grondliggend aan die mensdom se bestaan. Tog toon die mensdom weinig respek vir die biotiese en abiotiese komponente van die omgewing, hoewel ons met ons behoeftes, praktyke en gedrag daarop staatmaak én daaraan afbreuk doen. Van hierdie lewensnoodsaaklike hulpbronne is die mees bedreigde waarskynlik water, wat – hoewel dit vir groei en ontwikkeling wêreldwyd van deurslaggewende belang is – spoedig besig is om ʼn skaars kommoditeit te word. In Suid-Afrika, wat in elk geval ʼn waterarm land is, word hierdie toedrag van sake vererger deur mynboupraktyke wat nie net onvolhoubaar is nie maar ook ongereguleerd. Mynboubedrywighede het gelei tot die massablootstelling van ysterpiriet en swaarmetale, sowel ondergronds as op die oppervlak. Wanneer ysterpiriet chemies verweer, vorm dit swawelsuurwater, wat op sy beurt toksiese metale mobiliseer en konsentreer. Hoewel dít ʼn geologiese verskynsel is, het hierdie verhoogde konsentrasies as gevolg van mynbou die Gautengprovinsie aan enorme omgewings-, maatskaplike en ekonomiese risiko’s blootgestel. Wat die risiko’s betref, beklemtoon hierdie studie die volgende: - Hoewel omvattende navorsing oor die fisiese kenmerke van suur mynwater (“acid mine drainage” – AMD) onderneem is, is weinig bekend oor die gesondheidsaspekte wat daarmee gepaardgaan. Wat tot dusver van onmiddelliker belang was, was die omgewings- en gesondheidsimplikasies wat daaruit voortvloei wanneer lewende organismes aan swaarmetale blootgestel word. - In die afwesigheid van sodanige inligting is die geloofwaardigheid van huidige oplossings dus twyfelagtig. Die meeste van die oplossings wat voorgestel is, is reduksionisties van aard en beklemtoon slegs die hantering van besoedelde water wat op die oppervlak uit hoofsaaklik onaktiewe myne sypel. Die gesondheidsgevare wat met radio-aktiewe en hoogs toksiese afval gepaardgaan, word geheel en al onderspeel of bloot misgekyk (Albrecht, 2011). - Die gebrek aan ʼn omvattende oplossing laat ontstaan ook vrae oor die beoordelings- en besluitnemingsprosesse wat die Departement van Waterwese oor die jare sowel as meer onlangs gevolg het. - Sowel die regering as die privaat sektor het toegekyk hoe die bedreiging deur suur mynwater oor die jare vererger. Dié gebrek aan optrede is aangehelp deur swak wetstoepassing sowel as slimmer bewimpeling deur mynboumaatskappye in wat eenvoudig as ʼn wedersyds voordelige verhouding tussen die regering en die mynboubedryf beskryf kan word. In skrille kontras met die regering en privaat sektor se traagheid het omgewingsaktiviste nog nooit geskroom om hul stem te verhef en op oplossings vir baie van hierdie risiko’s aan te dring nie. Dít, tesame met die onlangse uitvloei van suur mynwater in die Westelike Kom, het op openbare protes uitgeloop en aanleiding gegee tot oproepe om ʼn oplossing vir die bedreiging van suur mynwater. Die regering se antwoord hierop was ʼn eng, beperkte oplossing wat die verskillende belangegroepe slegs verder frustreer het. Aangesien belangegroepe (in ooreenstemming met hul uiteenlopende profiele) verskillende aspekte van die implikasies van – en dus ook die oplossings vir – die bedreiging van suur mynwater aan die Witwatersrand beklemtoon, sal ʼn toepaslike oplossing gevind word slegs deur die volgende aanbevelings te aanvaar: - Die regering moet die nodige politieke wil toon om die bedreiging van suur mynwater ten volle die hoof te bied, en moet daadwerklik verbeter op sy swak prestasiegeskiedenis as reguleerder, waarin hy heelwat geloofwaardigheid ingeboet het vanweë regeringsbelang by die mynboubedryf. - Nadat die regering sy verantwoordelikheid rakende die bedreiging van suur mynwater aan die Witwatersrand aanvaar het, moet hy dringend optree om enige onmiddellike gevare vir menslike welstand te voorkom. - Onder leiding van die regering moet die vermoëns van alle belanghebbendes betrek word ten einde ʼn deelnemende, kruisdissiplinêre beoordeling van die meganismes en feite te onderneem, om sodoende (ʼn) wedersyds aanvaarbare oplossing(s) vir die maatskaplike en omgewingsimpak van mynboubedrywighede te bedink – ʼn oplossing wat die integriteit van die omgewing, maatskaplike ontwikkeling en ekonomiese groei sal verseker.

Thesis (MPhil)--Stellenbosch University, 2011. / ENGLISH ABSTRACT: Gold mining in South Africa is an industry that is more than a century old. The impact of gold mines on communities and the environment are enormous. This thesis is a case study based in one of the major gold producers in South Africa that has been in operation for more than 50 years and has more than 30 years of life still left. Exploring the impact mining has had on communities and the environment, this thesis is a call for leadership action towards sustainable futures. This call is made through a suggested sustainable development leadership framework. Georgius Agricola gave a warning regarding the devastating environmental impacts of mining as early as 1556, however mining still has the same negative impacts to the environment and people. The argument in this thesis is that, it is only through genuine leadership that the impacts of mining can be mitigated. However leadership is looked at not from the position of the leader or the leadership style but from the belief system of the leader when it comes to environmental management and community development. The motivation for the study was based in observing how leadership at our Gold mine rallied behind prevention of mine closure when the mine was faced with electricity crisis in 2008. The electricity crisis demonstrated that it is through genuine and committed leadership that all challenges can be overcome including sustainable development crisis. The call for leadership at our mine is to demonstrate the same leadership commitment in addressing environmental and community development challenges. The literature review begins by highlighting sustainable development global challenges and initiatives to address them. This is followed by impacts of gold mining on society and the environment around the various regions of the world. Leadership belief systems are then discussed, highlighting, how belief systems influence the way a leader responds to environmental issues. In developing the sustainable development leadership framework findings from observations, conversations, interviews and focus group discussion that were conducted throughout the mine are presented. The aim of the research was to determine the understanding of employees on the impact of our company on communities, environment and themselves and also the employees’ opinions of leadership. The findings were that the majority of employees believe that leadership is not genuine in addressing community, employee safety and health, and environmental issues at our company and through interviews with leadership, the findings are that, environment and community issues are done for compliance and reputation purposes with no genuine belief that they should be done. To address this understanding a call to leadership is made through a suggested sustainable development leadership framework that takes into consideration the findings from the case study. The thesis ends by proposing that this suggested framework should be tested further within our company. / AFRIKAANSE OPSOMMING: Goud mynbou in Suid-Afrika is 'n bedryf wat meer as 'n eeu oud is. Die impak van goudmyne op gemeenskappe en die omgewing is enorm. Hierdie proefskrif is 'n gevallestudie wat gebaseer is op een van die groot goudprodusente in Suid-Afrika wat al vir meer as 50 jaar reeds in werking is en wat 'n veredere lewensverwagting van meer as 30 jaar het. Hierdie tesis is 'n ondersoek na die impak wat mynbou op die omliggende gemeenskappe en omgewing het asook 'n beroep om leieskap optrede vir volhoubare ontwikkeling. Hierdie beroep vir volhoubare ontwikkeling word gemaak deur middel van 'n volhoubare ontwikkeling leierskap raamwerk. Georgius Agricola het alreeds in 1556 gewaarsku teen die impak wat mynbou op die omgewing en mense sou hê. Vandag het mynbou het egter nog steeds dieselfde negatiewe impak op die omgewing en die mense. Die argument in hierdie tesis is dat dit slegs deur ware leierskap is dat die impak van mynbou versag kan word. Leierskap word egter nie bekyk uit die posisie van die leier of die leierskap-styl nie, maar eerder uit die gewetens oortuiging oogpunt van die leier wanneer dit kom by omgewingsbestuur en ontwikkeling van die gemeenskap. Die motivering vir hierdie studie is gebaseer op die waarneming van hoe leierskap by ons goudmyn mynsluiting voorkom het gedurende die 2008 elektrisiteitskrisis. Die elektrisiteitskrisis het getoon dat uitdagings sowel as volhoubare ontwikkelings krisisse wel deur ware en toegewyde leierskap oorkom kan word. Die versoek is nou vir ons myn om dieselfde leierskap toewyding toe te pas waar omgewing en gemeenskap ontwikkelings uitdagings aangepak word. Die literatuur oorsig begin deur die globale uitdagings op volhoubare ontwikkeling onder die vergrootglas te plaas en wys hoe om die uitdagings te addresseer. Dan volg die impak wat die goudmynbedryf het op die omgewing en samelewing van verskeie streke in die wêreld. Leierskap geloof oortuiging word dan bespreek met die klem op hoe geloofsoortuiging 'n invloed het op die manier wat 'n leier reageer op omgewings kwessies. Die ontwikkeling van die volhoubare ontwikkelings raamwerk is gebasser op obserwasies, gesprekke, onderhoude en fokusgroepsbesprekings van regoor die myn. Die doel van die navorsing was om die begrip van die werknemers te bepaal aangaande die impak wat ons maatskappy het op die gemeenskap, omgewing en hulself en ook om die werknemers se opinies van leierskap te bepaal. Die bevindinge was dat die meerderheid van die werknemers van mening is dat leierskap by ons maatskappy nie opreg is wanneer dit kom by aanspreek van gemeenskap kwessies, werknemer veiligheid en gesondheid, en omgewingskwessies nie. Deur middel van onderhoude met die leiers van ons maatskappy is ook bevind dat die omgewing en die gemeenskaps kwessies slegs aandag geniet aangesien dit vir die nakoming van vereistes en reputasiedoeleindes verys word en nie as gevolg van 'n werklike oortuiging dat dit gedoen moet word nie. Om hierdie begrip aan te spreek word 'n beroep gemaak tot leierskap deur middel van hierdie voorgestelde volhoubare ontwikkeling leierskap raamwerk wat die bevindings van die gevallestudie in ag neem. Die tesis eindig deur voor te stel dat hierdie voorgestelde raamwerk verder getoets moet word in ons maatskappy.