Browsing by Author "Jwara, Nomthandazo Consolatrix."

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The impact of higher education on entrepreneurial intentions of polytechnic students in South Africa.
(2015) Jwara, Nomthandazo Consolatrix.; Hoque, Muhammad Ehsanul.
Whilst the rate of growth of unemployed graduates is gradually increasing, entrepreneurship is considered to be one of the factors that can increase employment and be a significant factor for economic growth in developing countries. Entrepreneurial education is measured as an important variable which impacts on entrepreneurial intentions. This study attempted to establish the impact of higher education on the entrepreneurial intentions of polytechnic students in South Africa and looks at the role of entrepreneurial education in developing entrepreneurial intentions for becoming business owners, using a sample of Durban University of Technology students. The study adopted stratified random sampling and a self-administered questionnaire was used to collect data from 366 respondents. The questionnaire comprised of close-ended questions and was distributed to under- and postgraduate students at Durban University of Technology from three faculties. Questions were answered at the point of collection and as a result, all the questionnaires were completed giving a response rate of 100%. The data obtained from the respondents was analyzed using the SPSS (Statistical Package for Social Science) package. The findings revealed a positive relationship between social factors while no relation existed between entrepreneurial intentions and current education and university life. In response to the tight labour market as well as the mission for sustainable competitive advantage at DUT and for the growth of the South African economy, higher educational institutions should integrate the positive change of mindset and skills about entrepreneurship in academic education and university life to nurture students’ entrepreneurial intentions. This can be achieved by the development of an entrepreneurial culture amongst academic and support staff in conjunction with student clubs. Given the significance of entrepreneurship, it is desirable to transform the educational system to encourage creativity and innovation in students. The study focussed on only three faculties at DUT, therefore the results may neither be generalized for the entire university nor for the entire South African polytechnic population. However, they could be used to form the basis for further studies because the study has ascertained that there is a need for change and improvement.
Markets' reaction to financial restatements of the Top 40 JSE listed companies.
(2022) Jwara, Nomthandazo Consolatrix.; Mkhize, Msizi Vitalis.; Nxumalo, Bhekikhaya Henry.
There has been a rapid growth of financial restatements. This concerns the investors about the integrity and reliability of the entity’s financial reporting environment and restatements negatively affecting market reactions. Numerous listed companies are restating their financial statements due to inaccurate or misleading information in the previously published financial reports. JSE requires listed firms to correct and amend incomplete or misleading information. A survey on the market reaction around announcements of financial restatements of JSE companies has been a concern and interest to investors, management, and any other concerned parties. As a result, the aim was to examine the causes of financial restatements of the listed top 40 companies in South Africa and establish the markets’ reaction. The study involved the top 40 companies listed on the JSE from 2007 to 2019. The study collected secondary data and the population of thirty-two events was pulled from the JSE SENS. A sample size equaled the entire population of thirty-two events. The window period included 10 days before the announcements, the day of the announcement, and 10 days after the announcement. The IBM SPSS Statistics 27, the statistics software, was used to analyse data. The results indicated a total of thirty-two restatements over a period of thirteen years. The year 2019 was the period that reported the most restatements. Causes of restatements were found to be accounting errors, adoption of the new standard, accounting irregularities, and change in accounting policy. A substantial number of restatements were due to accounting errors. A majority of companies experienced growth in share price on the 10th day after the announcement. Nonetheless, when all days within the window period were included in the analyses, the overall calculation indicated that companies experienced an average decline of - 7.55% in the share price after the announcement. The empirical findings confirm that markets react negatively to the restatements since a significant number of companies exhibited an average decline in share price after the announcement.