The literature reveals that, behavioural finance lends some support to the methodologies of both fundamental and technical analysis. Behavioural Finance supports the concept of investment behaviour being grounded in two dimensions, viz., the dimensions of emotion and rationality. The evidence, presented in the literature suggests that fundamental analysis is grounded in the rational investor, while technical analysis is an attempt to model the behavioural side of investing through trend following, charting and the use of indicators (e.g., momentum, stochastic, etc.). Typically large investment houses tend to use both technical and fundamental analysis; technical analysis appears to be used primarily for timing, while fundamental analysis is used to establish intrinsic or fair value of the share under focus – thus making it easy to establish whether the share is cheap or expensive.

The literature reveals that, behavioural finance lends some support to the methodologies of both fundamental and technical analysis. Behavioural Finance supports the concept of investment behaviour being grounded in two dimensions, viz., the dimensions of emotion and rationality. The evidence, presented in the literature suggests that fundamental analysis is grounded in the rational investor, while technical analysis is an attempt to model the behavioural side of investing through trend following, charting and the use of indicators (e.g., momentum, stochastic, etc.). Typically large investment houses tend to use both technical and fundamental analysis; technical analysis appears to be used primarily for timing, while fundamental analysis is used to establish intrinsic or fair value of the share under focus – thus making it easy to establish whether the share is cheap or expensive.

The South African Post Office is investing large amounts of money in IT. Organisations were encouraged by the notion that investing in IT correlates with higher returns and the delivery of expected results by replacing the human component in organisations. The employment of IT within business has often resulted in the replacement of old problems with new and the expected business benefits of IT not realised. The primary research objective was to determine the relationship between IT expenditure and the financial performance of a firm. The secondary research objective was to explore the perceived value of IT investment in SAPO. / Graduate School of Business Leadership / MBL

The South African Post Office is investing large amounts of money in IT. Organisations were encouraged by the notion that investing in IT correlates with higher returns and the delivery of expected results by replacing the human component in organisations. The employment of IT within business has often resulted in the replacement of old problems with new and the expected business benefits of IT not realised. The primary research objective was to determine the relationship between IT expenditure and the financial performance of a firm. The secondary research objective was to explore the perceived value of IT investment in SAPO. / Graduate School of Business Leadership / MBL