Thesis (MBA)--Stellenbosch University, 2006. / ENGLISH ABSTRACT: "Private intemational capital flows, particularly foreign direct investment, are vital complements to national and intemational development efforts. Foreign direct investment contributes toward financing sustained economic growth over the long term. It is especially important for its potential to transfer knowledge and technology, create jobs, boost overall productivity, enhance competitiveness and entrepreneurship, and ultimately eradicate poverty through economic growth and development (Nunnenkamp, 2002). As a result of these associated benefits, strategies for the attraction of FDI have become an increasingly important item on a country's economic agenda. However, prior to these strategies being developed and as a result of the concentration of high FDI flows to a limited number of countries, it is important to establish those salient factors that drive FDI flows. Africa has failed to hamess onto the FDI phenomenon and as a continent attracts very little FDI inflows. To date, only a limited number of empirical studies have been done on FDI flows to Africa. The objective of this study is to establish the macroeconomic and political factors that will stimulate and increase the flows of FDI to Africa. Pooled econometrical analysis, using the Random and Fixed Effects method is used in the empirical estimation. The findings differ according to the type of model used, however, the results in general, reveal that the level of industrialisation in a country, the state of its infrastructure, the country's economic growth rate and productivity levels are important determinants of the flows of FDI to Africa. The surprising result is that political stability and the level of openness in Africa are insignificant determinants of the flows of FDI to Africa. Very few studies take into account that Africa can be classified into various regional groupings viz; North, East, West, Central and Southem Africa, with previous studies focusing mainly on North Africa and Sub Saharan Africa. An additional objective of the study was to determine the regional specific determinants that drive FDI. The findings reveal that openness is important in North Africa and Central Africa whilst the level of industrialisation significant in a North African and West African context. The state of the infrastructure network is central to FDI flows in West and Central Africa whereas political stability is the key to promoting FDI flows to East Africa. A surprising finding is that none of the tested determinants were significant in a Southern African context. The above-mentioned findings demonstrate the need for further research in terms of the country specific determinants of FDI. This will serve to advise governments in the drafting of a country's national policy agenda and selection of FDI attraction strategy, so that the benefits thereof are maximised and costs thereto minimised. / AFRIKAANSE OPSOMMING: "Private internasionale kapitaalvloei, veral direkte belegging in die buiteland, is aanvullings wat van die allergrootste belang is vir nasionale en internasionale pogings wat met ontwikkeling verband hou. Buitelandse direkte belegging (BDB) dra by tot die finansiering van volgehoue ekonomiese groei op die lang termyn. Dit is veral belangrik vir die potensiaal daarvan om kennis en tegnologie oor te dra, werksgeleenthede te skep, algehele produktiwiteit te verstewig, mededingendheid en entrepreneurskap te verbeter, en om armoede uiteindelik deur ekonomiese groei en ontwikkeling uit te skakel" (Nunnenkamp, 2002). In die lig van hierdie gepaardgaande voordele, het strategieë vir die aantrekking van BDB 'n toenemend belangrike item op 'n land se ekonomiese agenda geword. Voordat hierdie strategieë egter ontwikkel word, en as gevolg van die konsentrasie van hoë BDB-vloei na 'n beperkte aantal lande, is dit belangrik om daardie vernaamste faktore wat BDB-vloei aandryf, te vestig. Afrika het versuim om die BDB-verskynsel in te span, en as 'n vasteland lok dit baie min BDB-invloei. Tot op datum is slegs 'n beperkte aantal empiriese studies oor BDB-vloei na Afrika gedoen. Die doelwit van hierdie studie is om die makroekonomiese en politiese faktore vas te stel wat die vloei van BDB na Afrika sal stimuleer en verhoog. 'n Poel van ekonometriese ontledings deur die metode van Stogastiese en Vaste Effekte word in die empiriese skattings gebruik. Die bevindings verskil volgens die tipe model wat gebruik word, maar die resultate oor die algemeen toon dat die vlak van industrialisasie in 'n land, die toestand van 'n land se infrastruktuur, die land se ekonomiese groeitempo en produktiwiteitsvlakke belangrike bepalers is van die vloei van BDB na Afrika. Die verbasende resultaat is dat politiese stabiliteit en die vlak van die oopheid van ekonomieë in Afrika onbelangrike bepalers van die vloei van BDB na Afrika is. 'n Geringe aantal studies neem in aanmerking dat Afrika in verskillende streeksgroeperings, nl Noord-, Oos-, Wes-, Midde-, en Suider-Afrika ingedeel kan word, met vorige studies wat hoofsaaklik op Noord-Afrika en sub-Sahara-Afrika fokus. 'n Bykomende doelwit van die studie was om die streek spesifieke bepalers wat BDB aandryf, vas te stel. Die bevindings dui daarop dat oopheid van ekonomieë in Noord-Afrika en Midde-Afrika belangrik is, terwyl die vlak van industrialisasie in die konteks van Noord-Afrika en Wes-Afrika betekenisvol is. Die toestand van die infrastruktuurnetwerk is sentraal tot BOB-vloei in Wes- en Midde-Afrika terwyl politiese slabiliteit die sleutel is tot die bevordering van BOB-vloei na Oos-Afrika. 'n Verbasende bevinding is dat geen van die getoetste bepalers in die konteks van Suider-Afrika betekenisvol was nie. Bogenoemde bevindings toon die behoefte aan verdere navorsing in terme van die spesifieke bepalers van BOB van 'n land. Dit sal dien om inligling te verstrek oor 'n land se nasionale beleidsagenda en 'n seleksie van strategie om BOB te lok, sodat die voordele gemaksimeer en die koste daarvan geminimiseer kan word.

Thesis (MBA)--Stellenbosch University, 2007. / ENGLISH ABSTRACT: There is a growing need for a framework that explains the important steps in creating and managing a small business in a very simplistic, flexible and holistic way. The aim of this research report is to design a framework which will guide the entrepreneur and small business owner in the set-up and management of a small business. The research report explores the logic of constructing the framework. It starts with the core business transactions which justify the existence of the business. For a better understanding of the interactions in the transactions, a system approach is followed. Dynamic complexities focus on causality and feedback to describe how entities influence each other. A growth loop is established with a balancing loop. On the basis of these interactions the framework is constructed with the product and the market on opposite sides. From the product there are growing actions in the form of marketing. From the market a condition is created which is measured in financial terms. These interactions are the core of the framework. A second level is added with strategic intent and external analysis to indicate direction and to measure the market's response. The research report continues to describe the development of a small business in terms of the three layers of the framework: transaction, basic business level and extended business level. The transaction indicates the core and the reason for the business's existence. It is a description of the value exchange process. The basic business level is the platform in which the business is operating. The extended business level is how the platform is used. For each of the entities indicated on the framework an existing business model is used to explain the area. The framework is, therefore, not presenting a new model, but only a new way of how existing business models are related to each other. The framework can be used in various ways. First it can be used to establish a startup business by building it step by step from the inner layer to the outer layer. Secondly it can be used to evaluate an existing business. Each part of the business can be evaluated and determine whether the necessary structures are in place. Thirdly it can be used for a turn-around on a struggling business. To do it means first . to evaluate the business and then use the framework to build the business structure. To assist in this process of evaluation and building a business structure, a set of worksheets are presented in the study to help an entrepreneur to think through every important step of the business. To test the above assumption that the framework can support the construction of a business structure, a small business was selected and evaluated. The evaluation was done in the format of an interview with the owners and the structure of the framework was followed. The study is concluded with recommendations on areas that need further research. The worksheet I guideline recommendation is that the worksheets and guidelines be developed with a specific aim in mind, for example design a new business or evaluate an existing business. The application recommendation is to explore the use of a rating system to do a quick evaluation of the business based on the entrepreneur's "gut feeling". The structural recommendations are first to explore strategic mapping to summarise the results of the design or evaluation into an existing model. The second recommendation is to investigate the development of the different entities in the framework in line with the business life cycle and thereby adding a depth dimension to the framework. / AFRIKAANSE OPSOMMING: Daar is 'n groeiende behoefte na 'n raamwerk wat die belangrike stappe om 'n klein besigheid te skep en te bestuur, in 'n baie simplistiese, buigsame en holistiese manier verduidelik. Die doel van die navorsingsverslag is om 'n raamwerk te ontwerp wat die entrepreneur sal lei in die opstel en bestuur van sy besigheid. Die navorsingsverslag gee aandag aan die logika hoe die raamwerk saamgestel word. Die raamwerk bestaan uit die kern besigheidstransaksie wat die bestaan van die besigheid regverdig. Om die interaksies in die transaksie beter te verstaan, word 'n stelselbenadering gebruik. Dinamiese kompleksiteite fokus op oorsake en die terugvoer hoe verskillende entiteite mekaar beinvloed. 'n Groeiende sirkelaksie en 'n uitbalanserende sirkelaksie word gevolg. Op grond van hierdie interaksies is die raamwerk geskep met die produk en die mark aan teenoorgestelde kante. Van die produk is daar 'n groeiende aksie na die mark in terme van bemarking. Van die mark is daar 'n terugvoeraksie na die produk in terme van finansiele maatstawwe. Hierdie inleraksies vorm die kern van die raamwerk. 'n Tweede vlak word bygevoeg in die vorm van strategies voorneme en eksterne analise om rigting aan te toon en die mark terugvoer te meet. Die navorsingsverslag gaan voort om die ontwikkeling van 'n klein besigheid te beskryf in terme van die drie vlakke: transaksie, kern besigheidvlak en uitgebreide besigheidvlak. Die transaksie toon die kern en die rede vir die besigheid se bestaan aan. Dit is die beskrywing van die waarde uitruilingsproses. Die kern besigheidsvlak is die platform waarop die besigheid funksioneer. Die uilgebreide besigheidsvlak is die manier hoe die besigheid die platform gebruik. Vir elk van die entileite wat in die raamwerk aangetoon word, word 'n bestaande besigheidsmodel gebruik om die detail te verduidelik. Die raamwerk moet daarom nie gesien word as 'n nuwe model nie, maar net as 'n manier hoe bestaande besigheidsmodelle in verhouding tot mekaar staan. Die raamwerk kan in verskeie maniere gebruik word. Eerstens kan dit gebruik word om 'n aanvangsbesigheid stap-vir-stap volgens die verskillende vlakke in die raamwerk te bou. Tweedens kan dit gebruik word om 'n beslaande besigheid te evalueer. Elke deel van die besigheid kan beoordeel word en so bepaal of die nodige strukture in plek is. Derdens kan dit gebruik word om 'n omkeer op 'n sukkelende besigheid te doen. Om dit te doen sal beteken om eerstens 'n evaluasie te doen op grond van die raamwerk en dan die nodige strukture te bou of herbou. Om die proses van bou en herbou te ondersteun stel die studie werksblaaie voor wat gebruik kan word. Die doel hiervan is om die entrepreneur se denke deur die belangrlkste stappe te lei. Om die bogenoemde aanvaarding te toets dat die raamwerk gebruik kan word om die bou van 'n besigheidstruktuur te ondersteun, was 'n klein besigheid geselekteer en ge-evalueer. Die evaluasie was gedoen in die vorm van 'n onderhoud met die eienaars en die struktuur van die raamwerk was gebruik. Die navorsingsverslag word afgesluit met aanbevelings oor areas wat verdere ondersoek nodig het. Die werksblaaie en riglyne aanbeveling is dat die werksblaaie en riglyne vir 'n spesifieke doel ontwerp word, byvoorbeeld die ontwerp van 'n nuwe winkel of die evaluasie van 'n bestaande winkel. Die aanwendingsaanbeveling is om 'n evalueeringstelsel te ontwikkel waar 'n evaluasie gegrond op 'n entrepreneur se aanvoeling kan plaasvind. Die struktuuraanbevelings is om eerstens strategiese kaartering te ondersoek om die resultate van die ontwerp of evaluasie in 'n bestaande model op te som. Die tweede aanbeveling is om die ontwikkeling van die verskikkelende entiteite van die raamwerk in Iyn met die besigheidslewensiklus te ondersoek en sodoende 'n diepte dimensie by die raamwerk te voeg.

Thesis (MBA)--Stellenbosch University, 1998. / ENGLISH ABSTRACT: For the first time in South Africa's labour relations history, a comprehensive legislative tool (The Labour Relations Act 66 of 1995), which has the potential and aim to serve the interests of employers and employees in a different way than traditional collective bargaining has been designed. Leadership by the captains of industry and labour will be necessary in breaking new ground and in making the perceived new framework of relationships work. The change process, the principles of participation, and the development and implementation of new values. will not be easy. cheap or comfortable. Management can respond to the Act by complying to the letter of the law, that is, going technically through the motions required by the Act. In years to come, it would perhaps be more beneficial if they responded to the spirit of the law: a genuine and real involvement of all stakeholders taking co-responsibility for the success of their organisations. "Successful workplace relationships are made by all people inside the workplace and not by the laws created outside the workplace" (lsrae1stam and Marais, 1997). 1bis will require a true transformation of their organisations using employee involvement as a key to organisational transformation. Participative management is a very broad concept and its meaning could range from informing employees in advance before implementing management decisions to giving employees majority control on the organisation's governing body. What then would be legitimate reasons for an organisation to implement participative management? International experience makes it clear that, in order to be effective, prosperous organisation. The need to move beyond adversarialisrn 15 based on the need to escape the selfperpetuating cycle of confrontation and dissatisfaction and lack of co-operation. Participative management is part of the effort to reverse the confrontational trend and achieve a positive spiral of co-operation through joint problem solving and strengthening of organisational resources, shared benefits, mutual understanding. caring, goal creation, keeping of promises and success in goal achievement. Due to the fact that each South African organisation is at a different stage of industrial relations and management culture development, participative management cannott be rushed into practice. South Africa needs to learn from the good and the bad of international experience and adapt these lessons to its own unique labour circumstances. While South African employees have been instumental in achieving democratic rights politically, their long-standing and intense struggle for labour rights and democracy has left a powerful and intense legacy of need for satisfaction of workplace demands!' A Workplace Forum is therefore a participative management mechanism in the form of an employee representative committee which interacts closely with the employer. As is evident in Figure 1, management and trade unions may decide to solve their differences through collective bargaining or through some form of joint problem solving, such as workplace forums. The new structure at workplace level gives workers a voice in managerial decisions. / AFRIKAANSE OPSOMMING: Die Wet op Arbeidsverhoudinge 66 van 1995 is in werking gestel met die spesifieke doel om vir die eerste keer in die Suid-Afrikaanse geskiedenis na die belange van die werknemer, werkgewer en georganiseerde arbeid op 'n gebalanseerde wyse om te sien. Die daarstelling van werkplekforums in organisasies is daarop gemik om deelnemende strukture in plek te kry. Die vestiging van deelnemende bestuur in organisasies, sal ongetwyfeld met konflik gepaard gaan, omdat werknemers en werkgewers se behoeftes verskil. Hierdie konflik behoort ten minste nou op 'n geordende wyse deur wetgewing aangespreek te word. "Suksesvolle arbeidsverhoudinge word geskep en handhaaf deur alle belanghebbendes binne die werkplek en beslis nie deur wetgewing buite die organisasie nie" (lsraelstam en Marais, 1997). Dit bly dus ongetwyfeld die verantwoordelikheid van bestuur om deelnemende besluitnemingsmeganisme daar te stel ten einde die transformasieproses in organisasies te bespoedig. Konflik word verder verminder deur groter betrokkenheid in plaas daarvan dat besluite op 'n tipiese burokraties-outoritere wyse geneem word. Deelnemende besluitneming kan lei tot beter funksionering van die organisasie omdat besluite deur 'n groep beter is as enkelbesluite. 'n Werkplekforum kan alleenlik doeltreffend funksioneer mits opregte deelnemende bestuur dien as vertrekpunte. Werkplek forums moet as platvorms gebruik word waar toepaslike inligting, sienswyse, probleme en oplossings oop en eerlik met almal gedeel word, sodat stabiele doeltreffende verhoudings in die organisasie sal ontstaan. Die sentrale tema van hierdie projek gaan oor die verhouding tussen werkgewer, werknemer en georganiseerde arbeid waar werkplekforums as 'n deelnemende besluitnemingsmeganisme geimplementeer kan word, met die gevolg dat werknemers werklik deur middel van verteenwoordiging met werkgewers kan skakel. Groter verantwoordelikheid en toegewydheid aan die kant van arbeid en bestuur sal verseker dat produktiwiteit en kwaliteit verbeter, ten einde met gemak op die intemasionale markte mee te kan ding.

Thesis (MBA)--Stellenbosch University, 1999. / ENGLISH ABSTRACT: This is a comparative study to determine the accuracy of the cumulative factors calculated and used by INET and the University of Stellenbosch, Graduate School of Business (USB). These factors are calculated whilst taking into account the changes in capital structure due to the effects of share splits (splits), consolidations and capitalisation issues in the calculation of dividends per share (both interim and final), and closing share prices. For this purpose the data of 350 listed industrial companies on the Johannesburg Stock Exchange was evaluated over a 28-year period (1970-1997). In cases where a company was delisted before the date of the financial year-end 1997, that company was deleted from the study for the full period. The analysis of share splits, consolidations and capitalisation issues in the calculation of a cumulative factor for the determination of dividends per share and closing share prices, is therefore of critical importance. It is important to the companies as well as parties who are involved in maintaining data of listed companies on the Johannesburg Stock Exchange. It is also important to those who use this data for research purposes. South African studies using dividends per share and share prices from INET or the USB assume that the data is accurate. This study is an effort to verify the accuracy of the two mentioned databases. The results of the study clearly suggest or indicate that there are indeed numerous inaccuracies (differences) between the data kept by both INET and USB databases. It is therefore important that the data be revisited so that these anomalies can be rectified. / AFRIKAANSE OPSOMMING: Hierdie is 'n vergelykende studie om die akkuraatheid te bepaal van die kumulatiewe faktore soos deur INET en die Universiteit van Stellenbosch se Nagraadse Bestuurskool (USB) bereken en gebruik. Hierdie faktore word bereken om die effek van die onderverdeling en konsolidasie van aandele, asook kapitalisasie-uitgifte op die dividend per aandeel (beide interim en finaal) en sluitingsaandeelpryse te bepaal. Vir hierdie doel was die data van 350 industriele maatskappye wat op die Johannesburgse Aandelebeurs genoteer is oor 'n 28-jaar periode (1970-1997) geevalueer. In gevalle waar die maatskappye voor die finansiele jaareinde 1997 gedenoteer is, is die maatskappy uit die studie weggelaat. Die analise van onderverdeling en konsolidasie van aandele en kapitalisasie-uitgifte in die berekening van 'n kumulatiewe faktor vir die bepaling van dividend per aandeel en die sluitingsaandeelpryse, is van kritiese belang. Dit is belangrik vir die maatskappye en ander belanghebbendes wat gemoeid is met die instandhouding van data van genoteerde maatskappye op die Johannesburgse Aandelebeurs. Dit is ook van belang vir diegene wat die data vir navorsingsdoeleindes gebruik. Suid-Afrikaanse studies wat op dividend per aandeel en aandeelpryse van INET of die USB gebaseer is, veronderstel dat die data korrek is. Hierdie studie poog om die akkuraatheid van die genoemde twee databasisse te verifieer. Die resultate van die studie toon duidelik aan dat daar 'n hele aantal onakkuraathede (verskille) tussen die data onderhou deur beide INET en die USB bestaan. Dit is dus belangrik dat die data weer ondersoek word ten einde verskille uit die weg te ruim.

Thesis (MBA)--Stellenbosch University, 2000. / ENGLISH ABSTRACT: The Asian financial crisis in mid-1997 highlighted the important role a sound, well regulated and supervised banking industry plays in the economy of a country or region. Although many analysts believe that the Asian crisis arose mainly as a result of factors external to the countries in question, this paper clearly highlights the role fragile banking industries within these countries played in the crisis. The Asian financial crisis was not the first of its kind, with similar crises erupting in Argentina, Mexico and other Latin American countries in the early 1990s. There is a belief that banking crises occur only in emerging and developing countries. Whilst the incidence of crises in emerging markets is higher as a result of higher risk profiles, poor regulation and supervision and government and political interference, the United States Savings and Loan Crisis of the early 1980s is evidence that banking crises are not limited to emerging economies. This study is divided into three parts, namely a theoretical literature study on the soundness of banking systems, an analysis of the Asian financial crisis and an analysis of the South African banking industry, with particular reference to the "Big Four" South African banks. The first part of this study deals with the theory relating to bank soundness, banking in emerging markets and a brief overview of the various risks faced by banks. A theoretical study is also undertaken of the causes of and reasons for individual bank failure, as in the banking industry a crisis of confidence often spills over from an individual bank in distress to other solvent and well operated banks within the industry. This is known as the contagion effect. The second part of the study deals with an in-depth analysis of the causes of the Asian financial crisis, with specific emphasis on the role banks played in fuelling the crisis. Recommended solutions are put forward in an attempt to avoid future possible crises of this magnitude. South Africa is classified as an emerging or developing country by international economists and therefore is often perceived to pose greater risks to foreign investors. The third part of this study deals with an in-depth analysis of the soundness of the South African banking industry concentrating on the financial performance of the "Big Four" - Amalgamated Banks of South Africa Limited, The First Rand Group, Nedcor Limited and Standard Bank Investment Corporation Limited. The "Big Four" make up close to 80% of the total market share of the South African banking industry. One could imply that if the "Big Four" are financially sound, then the South African banking industry could be classified as sound. Past experience has revealed that the failure of a small bank does not have any significant impact on the local banking industry (i.e. no contagion effect). This study will show that there is no single mathematical model available to analyse the probability of bank failure or bank system soundness. Rather a wide range of possible causes, both micro and macro-economic, can influence the soundness of a bank or banking system. The study will reflect that although South Africa may be classified as an emerging economy in view of the characteristics of its economic make-up, the banking industry is by no means "emerging". South Africa has one of the most highly regulated and supervised banking industries in the world. Furthermore, whilst maybe not efficient in terms of utilisation of capital and returns on equity, coupled with fairly high cost structures, the industry is profitable, with adequate margins, substantial reserves and well structured loan risk profiles complemented by sound and conservative management policies, overseen by a highly competent regulatory authority. One could therefore conclude that given the soundness of the "Big Four", the South African banking system may be classified as sound. / AFRIKAANSE OPSOMMING: Die Asiatiese finansiële krisis van 1997 het die belangrike rol van 'n gesonde en gereguleerde bankstelsel in die ekonomie van 'n land of streek beklemtoon. Alhoewel baie navorsers glo dat die Asiatiese krisis 'n gevolg was van eksterne faktore buite die beheer van die betrokke nasies, sal hierdie werkstuk klem lê op die rol van wankelrige bankstelsels in hierdie krisis. Die Oosterse finansiële krisis was nie enig in soort nie en is soortgelyk aan krisisse in Agentinië, Mexico en ander Suid-Amerikaanse ekonomië in die vroeë negentigerjare. Daar is 'n verdere opvatting dat finansiële krisisse beperk is tot ontwikkelende nasies as gevolg van hierdie lande se hoër risikoprofiel, onvoldoende wetgewing en toesighouding en politieke inmenging. Tot 'n groot mate is dit wel die geval, maar die 'United States Savings and Loans' krisis in die tagtigerjare het hierdie wanopvatting bevraagteken. Hierdie werkstuk is in drie afdelings verdeel - 'n teoretiese navorsingsprojek oor die stabiliteit van bankstelsels, 'n ontleding van die Asiatiese finansiële krisis en 'n ontleding van die stabiliteit van die Suid-Afrikaanse bankstelsel met verwysing na die "Groot Vier" banke. Die eerste deel van hierdie werkstuk handel oor die teorie van bankstabiliteit, die bankwese in ontwikkelende ekonomië en 'n kort samevatting van die risiko's waaraan banke blootgestel is. Teoretiese navorsing word ook gedoen oor die redes en oorsake van individuele bankmislukkings. Die rede hiervoor is dat 'n vertrouenskrisis in 'n individuele bank dikwels oorvloei na die gesonde banke binne dieselfde industrie. Die term hiervoor is die aansteking -effek. Die tweede deel van hierdie werkstuk dek 'n in-diepte ontleding van die Asiatiese finansiële krisis, met spesifieke verwysing na die rol van banke in die krisis. Aanbevelings word verder gemaak in 'n poging om soortgelyke, toekomstige krisisse te voorkom. Volgens internasionale ekonome is Suid-Afrika 'n ontwikkelende nasie en hou as sulks groter risiko's in vir beleggers. Die derde afdeling van hierdie werkstuk dek 'n in-diepte ontleding oor die stabiliteit van die Suid-Afrikaanse "Groot Vier" banke: Amalgamated Banks of South Africa Beperk, Die First Rand Groep, Nedcor Groep en Standard Bank Investment Corporation Beperk. Die "Groot Vier" beslaan 80% van die totale mark van die Suid-Afrikaanse bankwese. Hiervan kan afgelei word dat sou die "Groot Vier" finansiële stabiliteit ondervind, dan kan die Suid-Afrikaanse bankwese met reg as gesond beskou word. Ondervinding in Suid-Afrika het gewys dat die mislukking van 'n klein bank nie 'n groot invloed op die plaaslike bankwese het nie (die aansteking - effek). Hierdie werkstuk sal aantoon dat daar geen wiskundige of ekonomiese model beskikbaar is om 'n bankmislukking vroegtydig en korrek te voorspel nie - ook nie om die stabiliteit van 'n bankstelsel te waarborg nie. 'n Wye reeks moontlike oorsake, beide mikro- en makro-ekonomies van aard, kan die stabiliteit van 'n bank of die bankwese beïnvloed. Hierdie werkstuk sal deurlopend uitwys dat nieteenstaande Suid-Afrika se status as "ontwikkelende" nasie, die bankwese allermins "ontwikkelend" is. Suid-Afrika het een van die mees gereguleerde bankstelsels in die wêreld. Terwyl die aanwending van kapitaal en die opbrengs daarop nie altyd bevredigend is nie, is die opbrengs vir beleggers redelik hoog en die industrie winsgewend. Winsmarges is groot, diepte in reserves is duidelik teenwoordig en die korrekte, gestruktureerde risiko profiel van leners weerspieël stabiele en konserwatiewe bestuurspraktyke. Samevattend kan gesê word dat danksy die "Groot Vier", die Suid-Afrikaanse bankwese kerngesond is.

Thesis (MBA)--Stellenbosch University, 2000. / ENGLISH ABSTRACT: Nampak is the industry leader in the paper and packaging industry. There are over 20 divisions which fall under the Nampak banner, supplying a diverse range of primarily packaging material, from plastic carrier bags to glass bottles. A few years ago top management realised the need to move the Nampak group into the realm of world class. This paradigm shift required a substantial education and training initiative, and so the Nampak "Colleges" were created to support and underpin the World Class Manufacturing & Services ethic that each and every division would adhere to. All Nampak training interventions or processes are based on experiential learning. Candidates are introduced to concepts and theory, given opportunities to analyse case studies, conduct plant-level audits and give feedback to the general managers of the plants. In addition each delegate is given a project to be completed in the work place. The aim of this research is to assess the effectiveness of the Nampak WCM&S College 5 using an evaluation framework. The literature was reviewed in order to: • develop an evaluation framework; • establish an evaluation process; • facilitate the construction of a relevant test format. The test instrument was designed based on the principles of test construction and Kirkpatrick's model for evaluation. Data was collected for pre and post-tests for phase 2 and phase 3, analysed using descriptive statistics and reported on at the beginning at each phase as well as at the Trade Show. The evaluation results proved to be very positive and the evaluation process was incorporated into the design of all future College interventions. / AFRIKAANSE OPSOMMING: Nampak is die nywerheidsleier in die papier en verpakkingsbedryf. Daar is meer as 20 afdelings wat deel van Nampak uitmaak wat 'n diverse omvang van hoofsaaklik verpakkingsmateriaal verskaf, insluitend plastiek draagsakke en glas bottels. 'n Paar jaar terug het hoofbestuur besef dat Nampak tot wêreldklas status moet aandryf. Hierdie paradigma verandering het 'n aansienlike opvoedings- en opleidings-fokus benodig en die Nampak "Colleges" is geskep om die "WCM&S" etiek te ondersteun wat elke afdeling by sou bly. Alle Nampak opleiding tussenkomstes of prosesse word gebasseer op experiential geleerdheid. Kandidate word aan konsepte en teorieë voorgestel word geleenthede gegee om gevalstudies te analiseer, fabriek oudite te doen en terugverslag te gee aan die algemene bestuurders van die fabrieke. Elke afgevaardigde word ook 'n projek gegee om by die werk te voltooi. Die doel van hierdie navorsing is om die doeltreffendheid van die Nampak WCM&S College 5 te evalueer deur middel van 'n evalueeringsraamwerk. Die leesstof was hersien om 'n evalueerings raamwerk te ontwikkel; 'n evalueerings proses te vestig; die konstruksie van 'n toepassende toetsformaat aan te help. Die toets-instrument was ontwerp gebaseer op die beginsels van toets konstruksie en die Kirkpatrick model vir evalueering. Data is bymekaar gemaak vir voor- en na-toetse vir fases 2 en 3, geanaliseer deur middel van beskrywende statistieke en daar is verslag daarop gedoen by die begin van elke fase asook by die Handeisskou. Die evalueering resultate was baie positief en die evalueerings proses is saamgebring by die ontwerp van alle toekomende College tussenkomstes.

Thesis (MBA)--Stellenbosch University, 2000. / ENGLISH ABSTRACT: This study is essentially an investigation into perceptions that exist in the medical field with regards to generic medicines and generic substitution. The study was conducted via the sampling of a variety of physicians, specialists and pharmacists in the Cape Peninsula. The primary test for these perceptions was the application of a five page questionnaire that the targeted sample group had to complete. South Africa entered a new era on political, social and economic levels with the election of a new democratic government. The reality is that South Africa is becoming more and more a third world country with deteriorating systems of health care and education, as a direct result of a shortage of funds and inadequate management or total lack thereof. It has also become more and more evident recently that this country is experiencing a "brain-drain", in that experienced and highly qualified people are leaving the country for mostly other first world countries, because they can no longer operate efficiently and effectively under the constraints imposed upon them by a shrinking health care budget. Government and private health departments constantly have to face the battle of containing costs so that they can operate in the way that they are supposed to. Unfortunately, with the constant escalation in the prices of medicine every year combined with a limited availability of funds, the problem just becomes worse every day with patients and medical aids suffering the most. One possible way in which an attempt could be made to reduce costs is to decrease the expenses of medicine, making more money available in other areas, or that the need for more medicines could be satisfied via having more money available as a result of these savings. Generic medicines are known to be less expensive than their ethical counterparts and can therefore contribute greatly to savings in this area, seeing that generic medicines mostly sell at 40%-50% of the price of the original. There are obviously more issues involved than just costs: the ethical issue of moral support to the ethical manufacturers that have done all the research and development of the original drug that now becomes "copied"; the issue of.quality and reliability of these "copycat" medicines; and the issue of the role that people in the medical field, government and other bodies should play in containing costs. These issues were addressed in the form of statements in the questionnaire and opinions were tested to see what perceptions exist, so that the marketers of medicines would know how to formulate their marketing plans and strategies in order to attain a bigger market share, or how to protect their current share of the market. The information should also prove handy to government and private health care organisations that should endeavour to contain costs wherever they can, seeing that they operate within the constraint of an allocated budget. / AFRIKAANSE OPSOMMING: Hierdie studie projek is essensieel 'n ondersoek na persepsies wat bestaan in die mediese veld met betrekking tot generiese medisynes en generiese plaasvervanging. Vir die doel van die studie is "mediese veld" gedefinieer as die verskillende kategorieë van mediese dokters en aptekers wat elke dag met die vraagstuk te make het. Die steekproef was dus mediese dokters, spesialiste en aptekers in die Kaapse Skiereiland. Die primere toetsinstrument was 'n vyf-bladsy vraelys wat 35 stellings bevat het waarin 8 faktore verskans was waarvoor die navorser getoets het. Suid-Afrika het 'n nuwe era betree met die daarstelling en verkiesing van 'n nuwe demokratiese regering van nasionale eenheid waarin alle Suid-Afrikaners deelname het. Die realiteite van Suid-Afrika vandag is dat dit meer en meer sy derde wêreld komponente openbaar waarvan die bestaan vantevore deur die eerste wêreld komponent geïgnoreer is. Die resultaat is dat gesondheidsorg en opvoedkundige sisteme aan die verkrummel is vanweë 'n tekort aan fondse asook oneffektiewe bestuur. Dit is dan ook onvermydelik dat 'n groot aantalleiers en kenners op hierdie gebiede besluit om die land te verlaat en na hoofsaaklik eerste wêreld lande emigreer, waar hulle in 'n veel mindere mate te kampe het met die probleme van swak bestuur en veral onder befondsing in die onderskeie areas van hulle spesialiteit. Dit laat 'n gaping wat gevul moet word deur swakker bestuur wat die probleem vererger. Regering- en privaat mediese departemente gaan gebuk onder die las van krimpende begrotings en 'n stygende vraag na mediese sorg, medisynes en ander geriewe. Dit is ook 'n voldonge feit dat mediese tariewe bly styg, dat medisynes konstant al hoe duurder word en dat daagliks waargeneem word dat daar 'n ondervoorsiening van personeel en medikasie in hospitale en ander gesondheidsorganisasies is. Die partye wat aan die kortste end trek is die pasient en die mediese fondse. Een moontlike wyse waarop hierdie probleem van stygende kostes aangespreek kan word is om die uitgawes op medisynes te beperk sonder om minder medisynes te koop, sodat meer geld beskikbaar sal wees vir ander behoeftes. Dit is bekend dat generiese medisynes heelwat goedkoper is as hulle etiese "broers" en dat die gebruikmaking hiervan kan lei tot besparings so groot as selfs 60% en meer. Daar is duidelik meer vraagstukke betrokke rondom die hele aangeleentheid van generiese medisynes en generiese plaasvervanging soos: die etiese vraagstuk aangaande morele ondersteuning aan die etiese firmas wat al die navorsing en ontwikkeling van die oorspronklike produkte doen en wat nou net gedupliseer word deur die generiese vervaardigers; die vraagstuk aangaande die betroubaarheid en kwaliteit van hierdie "duplikate"; asook die vraagstuk rondom die rol wat persone in die mediese veld en regerings- en- privaatinstansies moet vervul in die bekamping van stygende kostes. Hierdie vraagstukke is geadresseer in die vraelyste as stellings en opinies is getoets om vas te stel wat die huidige persepsies rondom die aangeleentheid van generiese produkte en generiese plaasvervanging is. Die belang van die kennis van hierdie opinies en persepsies is dat dit onontbeerlike inligting verskaf aan die bemarkers van farmaseutiese produkte en medisynes aangesien 'n bemarkingsplan en bemarkingstrategie hier rondom gevorm kan word, sodat maniere uitgewerk kan word om markaandeel te vergroot of om markaandeel te behou.

Thesis (MBA)--Stellenbosch University, 2000. / ENGLISH ABSTRACT: This mini-study project was undertaken to investigate the dynamics of the international wine industry in an era of increased globalisation. The capacity of old and new wine producing countries to adapt to the new dynamics was assessed by determining their competitive positions in the global industry. The impact of industry driving forces on trends and future developments was determined and predictions were made for the immediate future of the industry. The cyclical nature of the global wine industry was investigated and the industry's ability to balance supply and demand in the foreseeable future was assessed. Recommendations were finally made on how to establish greater stability in the global wine industry. Wine consumption in traditional wine countries decreased as a result of changing life styles, and prompted the wine industry to focus increasingly on importing countries. Transformation within the wine industry is assisted by the innovative and aggressive marketing strategies of new wine countries. Product differentiation, brand building and the development of a more effective distribution channel are allowing new wine countries to increase market share at the expense of old wine countries. The global wine industry experiences cyclical instability in supply and demand. Evidence suggests that a cycle is completed every eight years. A threatening oversupply of quality white wine will result in increased competition and lower prices, while red wine supply is likely to exceed demand from 2003 onwards. The wine industry needs to introduce some measure of control to co-ordinate expansion and replacement programs of vineyards with an increased quality focus. Producers and wineries will have to be far more sensitive to changing consumer attitudes and life styles and should develop appropriate production strategies in order to meet changing demands. / AFRIKAANSE OPSOMMING: Hierdie werkstuk is onderneem om die veranderende dinamika binne die internasionale wynindustrie te ondersoek teen 'n agtergrond van toenemende globalisering. Die vermoë van oud en nuwe wêreld produksielande om aan te pas by veranderinge is beoordeel deur die bepaling van hul onderskeie mededingende posisies in die globale wynindustrie. Die impak van industrie-dryfkragte op tendense en toekomstige verwikkelinge is ondersoek en voorspellings is gemaak vir die onmiddellike toekoms van die industrie. Die sikliese aard van die globale wynbedryf is ondersoek, sowel as die vermoë van die bedryf om vraag en aanbod in die afsienbare toekoms te stabiliseer. Ter afsluiting word aanbevelings gemaak ten einde groter stabiliteit in die bedryf te bewerkstellig. Leefstyl veranderinge en 'n gepaardgaande daling in wynverbruik in tradisionele wynlande, veroorsaak dat die internasionale wynindustrie sy aandag toenemend op invoerlande vestig. Vernuwing in die bedryf word aangevuur deur die kragtige bemarkingsaanslag van nuwe wêreldlande. Deur differensiasie van hul produkte, handelsmerkontwikkeling en die uitbou van 'n meer effektiewe distribusiekanaal, slaag nuwe wynlande reeds daarin om hul internasionale markaandeel uit te bou ten koste van ou wynlande. Die globale wynbedryf ervaar sikliese onstabiliteit in vraag en aanbod en bewyse is gevind dat die siklus elke agt jaar voltooi word. 'n Dreigende ooraanbod van hoë kwaliteit witwyn sal lei tot strawwer mededinging en laer wynpryse. Die rooiwynaanbod sal moontlik teen 2003 die vraag oorskry. 'n Mate van beheer word onder meer vir die industrie voorgestel om te verseker dat uitbreiding en vervanging van wingerde beheersd en kwaliteitgerig sal geskied. Groter bewustheid van moontlike verandering van verbruikersvoorkeure en daadwerklike aksie is krities belangrik, ten einde 'n herhaling van die afgelope dertig jaar se negatiewe groei tendens te voorkom.

Thesis (MBA)--Stellenbosch University, 2000. / ENGLISH ABSTRACT: The study project is aimed at providing an insight into the concept of globalisation, its implications and the challenges for the unit trust industry in South Africa. The purpose is to gain a better understanding of the evolution of the unit trust industry, offshore investment, regulations in South Africa and the influence of these on the unit trust industry. Globalisation is influencing the way industries operate across all spectrums of business. The unit trust industry in South Africa is no exception to this rule. The unit trust industry has developed slowly over the years, but globalisation is forcing the industry to change much more rapidly. In this century the unit trust industry will be faced with challenges that could involve the development of new strategies. Globalisation is synonymous with the rapid acceleration of economic acrossborder transactions. Geographic location and time constraints are no longer major obstacles, because knowledge has become increasingly mobile due to globalisation. Technological advances and the dissemination of information lie at the heart of globalisation. The primary globalisation process is characterised by a continuously reinforced interaction between political, economic and technological factors. Reasons why people would invest in a unit trust are discussed, as well as the major players in the industry. The importance of regulatory legislation is discussed by examining the present Act and the two new proposals. The writer aims to indicate that the effects of globalisation have serious implications and present exciting challenges for the industry. The study refers to numerous articles and interviews with people in the industry. It makes the role of globalisation in the unit trust industry of South Africa clear and understandable. / AFRIKAANSE OPSOMMING: Die oogmerk van die werkstuk kan primêr soos volg saamgevat word: om insig te verkry rakende die begrip "globalisering", en om die gepaardgaande implikasies en uitdagings vir die effektetrust bedryf in Suid-Afrika te ondersoek. Voorafgaande dui dus op die daarstel van 'n beter begrip rakende die evolusie van die effektetrustbedryf, buitelandse beleggings, regulasies in Suid-Afrika en die invloed daarvan op die bedryf. Globalisering beïnvloed die wyse waarop alle bedrywe die besigheidswêreld benader. Die effektetrustbedryf in Suid-Afrika is geen uitsondering op die reël nie. Die effektetrustbedryf het oor die afgelope jare stadig ontwikkel, maar globalisering verplig dit om vinniger te verander. In hierdie eeu gaan die bedryf voor verskeie uitdagings te staan kom, met die gevolg dat nuwe strategieë ontwikkel moet word. Globalisering is sinoniem met die versnelling van ekonomiese transaksies oor landsgrense heen. Geografiese ligging en tydbeperkings sal in die toekoms nie meer groot hindernisse wees nie, omdat kennis meer beweeglik geword het as gevolg van globalisering. Tegnologiese vooruitgang en die verspreiding van informasie is die dryfkrag van globalisering. Die primêre globaliseringsprosesse word gekenmerk deur 'n deurlopend versterkte interaksie tussen politieke, ekonomiese en tegnologiese faktore. Daar word gekyk na die redes waarom mense in effektetrusts sal belê, asook die belangrikste rolspelers in die bedryf. Die belangrikheid van die wet wat die bedryf beheer word bespreek deur te kyk na die huidige wet en ook na die twee voorgestelde wette. Die skrywer poog om aan te dui dat die effek van globalisering sekere implikasies vir die bedryf het en ook opwindende uitdagings vir die bedryf bied. Die studie verwys na verskeie artikels en onderhoude met mense in die bedryf. Dit maak die rol van globalisering in die effektetrust bedryf in Suid-Afrika duidelik en verstaanbaar.

Thesis (MBA)--Stellenbosch University, 2000. / ENGLISH ABSTRACT: This research project investigates potential solutions for organizations to implement and utilize project management successfully. The focus is on changes required to "conventional" (functionally structured) management systems, in order to achieve project success. This area of investigation is becoming of critical importance to organizations, for two primary reasons: • The ever-increasing magnitude, complexity and multi-disciplinary nature of projects, compounded by a relentless pursuit of more efficient and effective operating procedures, and • The dynamic, uncertain and risky modem business environment, as highlighted by factors such as globalization, rapid technological change and a turbulent economic climate. The topic spans a number of management fields (including organizational development, strategic management and people management) within the broader context of project management. The study consists of a literature review of approximately 80 books and articles, as well as research conducted on relevant Internet-sites. These sources contain the views and findings of leading authors in the abovementioned fields of expertise. The research project is broken down into the following chapters: ~ General introduction to the research topic. ~ Overview of the functional organization; definition of projects; definition and description of project management, project success and the measurement thereof; discussion of environmental factors that make the utilization of project management desirable. ~ Consideration of potential solutions, including a description and evaluation of various organizational structures within the context of project management; emphasis is placed on matrix management and the building of cross-functional communication and coordination. Development of a strategy for the implementation of project management, encompassing: identification of the current organizational structure and culture; determination of the desired/optimal structure; identification of the interventions required to facilitate this transition. Attention is paid to the driving and restraining forces for change, as well as critical success factors. ~ Discussion of transitional management, with emphasis on the important inter-relationship between structure, culture, systems and processes. ~ Conclusions and recommendations summarize the main issues that need to be addressed. The following review is by no means exhaustive, because of the vast amount of literature available on project management and sciences related to this field of study. However, it serves as a comprehensive overview of organizational change to facilitate the successful implementation of project management. / AFRIKAANSE OPSOMMING: Hierdie navorsingsprojek ondersoek moontlike oplossings, vir benutting deur organisasies, ter suksesvolle implementering en benutting van projekbestuur. Fokus is geplaas op die nodige veranderinge wat in konvensionele (funksioneel gestruktureerde) bestuurstelsels moet plaasvind om sodoende projeksukses te behaal. Hierdie ondersoekgebied word van kritiese belang vir organisasies, as gevolg van twee primêre redes: • Die toenemende omvang, kompleksiteit en veelvuldige dissiplines van projekte, vererger deur 'n ononderbroke strewe na groter effektiwiteit en doeltreffendheid ten opsigte van operasionele prosedures, en • Die dinamika, onsekerheid en risiko verbonde aan die moderne besigheidsomgewing, soos onderskryf deur faktore soos globalisering, snelle tegnologiese verandering en 'n onseker ekonomiese klimaat. Die onderwerp omvat verskeie bestuursvakgebiede (insluitend organisasie-ontwikkeling, strategiese bestuur en mensebestuur) binne die konteks van projekbestuur. Die studie sluit in 'n literatuuroorsig van ongeveer 90 boeke en artikels, asook navorsingpublikasies op toepaslike Internet-kuberruimtes. Hierdie bronne sluit in die sienings en bevindings van vooraanstaande outeurs in die bogenoemde vakgebiede. Die navorsingsprojek bestaan uit die volgende hoofstukke: ~ Algemene inleiding ten opsigte van die navorsingsonderwerp ~ Oorsig van die funksionele organisasie, definisie van projekte, definisie en beskrywing van projekbestuur, projeksukses en die meting daarvan; bespreking van die omgewingsfaktore wat die gebruik van projekbestuur wenslik maak ~ Oorwegings van moontlike oplossings, insluitend 'n beskrywing en evaluasie van verskeie organisasiestrukture binne die konteks van projekbestuur; daar is klem geplaas op matriksbestuur en die bou van kruisfunksionele kommunikasie en - koordinasie ~ Ontwikkeling van 'n strategie vir die implementering van projekbestuur wat insluit: identifikasie van bestaande organisasiestruktuur en -kultuur; bepaling van die verlangde/optimale struktuur; identifisering van nodige intervensies om hierdie transformasie te fasiliteer. Aandag is geskenk aan die dryf- en stremmingsfaktore ten opsigte van verandering, asook kritiese suksesfaktore ~ Bespreking van oorgangsbestuur, met die klem op die belangrike onderlinge verband tussen struktuur, kultuur, stelsels en prosesse ~ Gevolgtrekkings en aanbevelings som die belangrikste vraagpunte, wat aangespreek moet word, op. As gevolg van die ontsaglike hoeveelheid beskikbare literatuur oor projekbestuur en verbandhoudende wetenskappe, is die volgende oorsig nie veelomvattend nie. Dit dien wel as 'n omvattende/uitgebreide oorsig van organisatoriese verandering soos toegepas om die suksesvolle implementering van projekbestuur te fasiliteer.