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Masters Degrees (Economics)

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    Determining factors affecting English literacy levels at Ntuthuko Primary School.
    (2018) Mtungwa, Zanele Almina.; Bozas, Alec.
    ABSTRACT Learners in South Africa are performing poorly in the area reading and writing English. The South African Department of Education conducted a systemic evaluation of language competence of intermediate phase learners in South Africa and found that a large majority (63%) were below the required competence for their age level. The problem in reading and writing English is also common at Ntuthuko Primary School a public primary school in KwaZulu Natal province. For instance, an observational study and literature at the school indicates that pupils at Ntuthuko Primary School have difficulties in reading and writing English, the First Additional Language. English literacy is one of the key focuses in education. Therefore the purpose of this study is to determine factors that adversely affect English literacy levels at Ntuthuko primary school. The target population for this study were teachers Ntuthuko primary school. Non-probability sampling purposive sampling was used to select a total of 8 teachers. Semi-structured in-depth interviews were used to generate the data needed from participants to understand the research problem under study. Thematic analysis was used to analyse data. The study reveals that factors that adversely affect learners' English literacy include opportunity to learn, aptitude for learning, quality of instructions and family factors. There is need to address factors that adversely affect the English literacy of learners at Ntuthuko Primary School. In addition, there is need to encourage parents to enrol their children in R to help them develop early literacy skills, support parents to develop positive attitudes towards English literacy. Parents should also be encouraged to communicate with learners while teachers should help learners reduce English learning anxiety by showing learners that it is possible to learn to write and speak English proficiently.
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    Monetary policy shocks and macroeconomic performance in regionally integrated common monetary area economies.
    (2021) Shumba, Theron.; Mukorera, Sophia Zivano Elixir.
    The CMA (Common Monetary Area), comprising of South Africa, Lesotho, Eswatini, and Namibia, has experienced a steady improvement towards economic restructuring. This is due to recent global developments and economic integration where countries are coming together to form regional economic integration initiatives and coordinate their economic policymaking effectively. Just like the CMA countries, many countries, such as Germany, Spain, Italy, Austria, Greece, Luxembourg, the Netherlands, Ireland, Portugal, Finland, France, Belgium, Slovenia, Cyprus, Latvia, Slovakia, Lithuania, Malta, and Estonia, have come together to form a strong monetary union for the purpose of having a sound and effective monetary policy.This study traces how a shock or an unanticipated change in the central bank's policy instrument of South Africa (SA_REPO) affects the selected macroeconomic variables, such as the Real Gross Domestic Product Growth (RGDP_G), inflation (INF), money supply (MS), and lending rates (LRATE), in the entire CMA region. Employing a Panel Structural Vector Autoregressive model (Panel-SVAR) and annual data from 1980–2019, the findings show that a shock in the South African repo rate (SA_REPO) significantly affected the macroeconomic variables, such as RGDP_G, INF,LRATE and MS, in the entire CMA region. The results indicate that a shock in the South African repo rate is followed by a significant decline in the economic growth (RGDP_G), a decrease in inflation, a decrease in money supply and an increase in lending rates in the entire CMA region. The study recommends that CMA monetary authorities and policymakers need to formulate policies toward cushioning the effects of unanticipated monetary policy shocks from the anchor country as well as global shocks.
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    Political risk, export credit insurance and trade: a gravity model analysis of South Africa.
    (2020) Poswa, Thabiso Luyolo.; Tang, Vanessa.
    This study adds to the literature on political risk, export credit insurance, and trade. Specifically, the study aims to consider the effect political risk and export credit insurance may have on South African exports using an extended gravity model framework and regression analysis from 1996 - 2018. Gravity models and estimation techniques differ in the literature. Methods include the Fixed Effects (FE), Random Effects (RE), and more recently, using the Poisson-Pseudo Maximum Likelihood (PPML). The PPML is the preferred estimation technique of this study as it reduces the bias problems resulting from zero trade flows and potential heteroscedasticity (Santos Silva and Tenreyro, 2006). In addition, this is further justified as Santos Silva and Tenreyro (2011) and Martin and Pham (2020) argue that the PPML estimation technique is also more appropriate than the traditional FE and RE estimation techniques. Thus, considering these limitations, using the preferred PPML estimation technique, this study finds that political risk significantly undermines trade. However, the export credit insurance variable is insignificant and does not play an influential role in South Africa’s bilateral trade. Additionally, other attributes, including the role of market power as measured by Gross Domestic Product (GDP), distance, and the regional groupings of African states through SADC, have important bearings. An important implication is that African countries' inability to harness the gains from trade might be rooted in factors beyond trade finance constraints and more related to political risks and geographical constraints.
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    Fiscal policy and public debt implications on household consumption: a case of Kenya.
    (2021) Muind, Naomy Nthenya.; Mukorera, Sophia Zivano Elixir.
    Fiscal policy can be applied with a stabilisation intention if government finance choices are capable of influencing household consumption behaviour. After the great depression of the 1930s, Keynes ascertained expansionary fiscal policy as the best economic stabilisation tool during a recession as it can crowd in household consumption. Empirical studies dealing with fiscal policy and public debt implications on household consumption have concentrated more on developed nations and more so, the studies conducted have been based on the assumption of an obvious symmetric relationship between household consumption and fiscal policy. The study objective was to examine if fiscal policy crowds in/crowds out household consumption, and if the Ricardian Equivalence hypothesis holds in Kenya. An empirical analysis was conducted using secondary data for the period between 1971 and 2018. The Nonlinear Auto-regressive Distributed Lag (NARDL) bounds test was used to evaluate the existence of an asymmetric relationship between household consumption (dependent variable) and government expenditure, tax revenue, public debt, real GDP, and inflation (independent variables). In the short run, both expansionary and contractionary fiscal policies were found not to affect household consumption; only negative changes in inflation significantly impacted household consumption. However, expansionary fiscal policy (through the negative changes in tax revenue) was found to crowd in household consumption, while positive changes in government expenditure were found to crowd out household consumption in the long run. Positive changes in public debt were found to crowd out household consumption as well. For contractionary policies, lowering government expenditure or increasing revenue was found not to affect household consumption in the long run. Using the Wald test criteria, the independent variables were found to show an asymmetric impact on the dependent. The research findings of this study disclosed that, in the short run, fiscal policy and public debt do not affect household consumption. However, in the long run, fiscal policy and public debt were found to have a significant effect on household consumption, and therefore it was concluded that REH does not hold in the long run.
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    An analysis of bank competition and financial stability: evidence from the South African banking sector.
    (2021) Vilakazi, Mzamo Perceviere.; Muzindutsi, Paul-Francois.; Meyiwa, Ayanda.
    There is a crucial role that the banking in terms of play and serve as central to the economy. Thus, competition is vital to the banking industry. However, while competition is perceived to be vital to the banking industry, it is claimed to have both positive and negative implications on the financial stability of banks. This study investigated the link between bank competition and financial stability in South Africa. The study utilized panel regression to examine the associations between different measures of bank competition and financial stability for the major five banks over the sample period spinning from 2009 to 2019. This study employed three different models namely, the Boone indicator, Lerner index, and fluctuating H-statistics to test for bank competition theories. The study further investigated the level of competition in the South African banking sector by unpacking the concept of concentration in the South African banking sector, using Concentration Ratios (CR) and Herfindahl-Hirschman Index (HHI). The study used the Z-score and profitability as dependent variables to proxy for financial stability in the banking sector. The economic activity and the bank size were used as the control variables in the competition and stability models to account for any uncounted variables. The findings indicated that less competition in the banking market causes banks to engage in risky activities, face regulatory intervention, or, worse, fail, consistent with the competition stability hypothesis. Furthermore, more competition and access to related financial services can be applauded to produce a competing environment in the South African banking services industry. Overall, this study concluded by supporting that more competition enhances financial stability.
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    An analysis of household and government spending on education in South Africa.
    (2021) Sejake, Alice Tlalane.; Muller, Colette Lynn.
    Education is one of the largest components of government spending across developing and developed countries. Differences in spending on education are often cited as the key contributors to achievement gaps between countries and individuals in the same country. In South Africa, education has been central to government’s socio-economic redistributive policies following the end of apartheid. The problem of insufficient funding particularly for higher education combined with a high demand for education have led to shared costs between households and government. To this effect, the study analyses the relative roles of spending across schooling levels between households and the government. The study further examines attendance and expenditure pattens on education between private and public institutions. Using household level data from the South African Living Conditions Survey 2014/2015, Tobit regressions using a number of household characteristics (such as the gender of the household head, their employment status, population group, level of education, the number of children attending and settlement type of the household) are estimated to examine if and to what degree the determinants of educational expenditure differ by income groups. In addition, income elasticities of education spending are calculated to determine the sensitivity of household’s spending to changes in income. The results show that spending of richer households on education is likely to be more sensitive to changes in household income than poorer households.
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    The relationship between government revenue and government expenditure in South Africa: a cointegration and causality approach.
    (2021) Mdluli, Mlondi Mveli.; Meyiwa, Ayanda.
    The government plays an important role in stabilising the economy, by implementing adequate economic policies such as fiscal policy, which consists of government revenue and government expenditure. A budget deficit arises when government expenditure exceeds government revenue. It is important to understand the direction of causality between government revenue and government expenditure, as this will assist when suggesting the remedial approach that should be followed by budgetary authorities in order to effectively deal with the budget deficit. The main objective of this study was to determine the relationship between government revenue and government expenditure in South Africa. The study employed annual time series data from 1982 to 2019, taken from the South African Reserve Bank website and the Economic Research Federal Reserve Bank of St. Louis. The Johansen cointegration test was used to test for cointegration and the Granger causality test was used to test for causality. The empirical results found that the variables are cointegrated. Therefore, a long-run relationship exists between the variables. The results of the Granger causality test found that there is no causality between government revenue and government expenditure. Therefore, policy makers or budgetary authorities should make its revenue and expenditure decisions separately. The dissertation also went an extra step by analysing the disaggregated expenditure and revenue patterns. The reason that this was done is because the researcher wanted to examine the effects that the different types of expenditure and revenue have on South Africa’s fiscal position. Further policy recommendations were made based on the trends of the data that were observed from the disaggregated expenditure and revenue patterns.
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    Socio-economic determinants of the gender gap in mental health in South Africa.
    (2022) Mbokazi, Amanda Thabisile.; Vermaak, Claire Lauren.
    A large body of theoretical and empirical epidemiological literature investigating the relation between gender and depression find that depression is more prevalent among women than men. However, this research is mainly done in developed countries such as the US. These studies suggest that women are found to be more likely than men to experience depression. For developing countries, South Africa in particular, empirical studies investigating the gender gap in depression in South Africa are very limited. Thus, a research gap examining this relationship exists. Using data from all five waves of the National Income Dynamics Study (NIDS), this study aims to investigate the gender gap in depression among South Africans and to identify social and economic factors that may explain why the gender gap occurs, given the high levels of inequalities between men and women in South Africa. This study used descriptive statistics to show characteristics of the chosen sample (individuals of ages 15 and above, with at least one reported depression score), by their gender and birth year cohort. Hierarchical linear models are used to determine the age trajectory in mental health for women and men in South Africa, the magnitude of the gender gap in depression in South Africa and how it differs across different birth cohorts, and in addition, to determine the extent at which gender differences in social and household roles, and in labour market roles, explain the gender gap in mental health. This study found that women experience more depressive symptoms than men. Thus, confirming the existence of a gender gap in depression in South Africa. In addition, the study found that gender differences in variables such decision-making power in the household, employment status and childcare responsibilities explained the differences in the depression scores between men and women.
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    A critical evaluation of resale price maintenance in South Africa: an efficiency interpretation.
    (1991) Smith, Andrew.; Oldham, George W.
    Abstract available in PDF.
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    Factors determining the choice of technique in the manufacturing sector in the Pietermaritzburg economic region.
    (1992) Jonker, Amanda Kate.; McGrath, Michael D.
    Abstract available in PDF.
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    Gendered trends in labour force participation and education in South Africa.
    (2021) Wagner, Amy Lee.; Bruce-Brand, Janet Oriel.; Hatch, Michelle Deborah.
    In many countries, including South Africa, the average educational attainment of women has surpassed that of men. Economic theory and previous literature suggest that increases in education should result in increased economic participation. Despite this, in South Africa, the labour force participation rates of women lag behind those of men. Using NIDS data, this dissertation aims to investigate why this phenomenon occurs. Whilst several international studies have used decomposition analyses to investigate the factors responsible for gender differences in participation rates, there is a dearth of South African research that does so. This dissertation, therefore, adds to the literature by investigating South African gendered trends in labour force participation and education using descriptive statistics, and regression and decomposition analyses. The gender gap in participation is decomposed at cross-sections, and the general rise in African labour force participation rates over time, are then decomposed for men and women separately. Results indicate that the educational attainments of African men and women had consistently risen between 2008 and 2017. Women are found to have attained higher average levels of education than men but remain less likely to participate in the labour force. Education is shown to be positively and significantly related to the likelihood of labour force participation for men and women. Despite this, factors including the unequal division of childcare and the fact that fewer women live in urban areas, are suggested to be reasons why the participation gender gap persists. Overall, the results of this dissertation suggest that increasing female urbanisation and educational attainments (particularly to tertiary levels), as well as reducing the uneven division of childcare between genders, is likely to increase female labour force participation rates and reduce the gender gap in participation. Despite this, the study also finds that a larger portion of this gap remains attributable to behavioural differences in the way men and women respond to their individual characteristics. This suggests that even if the characteristics of men and women are equalised, unless differences in the way men and women behave are reduced, the participation gap is likely to persist.
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    Market concentration : a South African perspective.
    (1992) Brann, Grant Roderick.; Smith, Andrew.
    Abstract available in PDF.
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    The structure and growth of the service sector in South Africa (1945-1990)
    (1993) Teixeira, Carlos Antonio Batista.; McGrath, Michael D.
    Abstract available in PDF.
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    Productivity through goal setting.
    (1995) Hunter, Clive Robert.; Van Uytrech, Paul.; Binnendyk, Case.
    Abstract available in PDF.
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    A quantitative analysis of the effect of the Group Areas Act on residential property prices in Pietermaritzburg.
    (1993) Blades, Michael Alan.; Oldham, George W.
    Abstract available in PDF.
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    The contribution of seaborne commerce to the South African economy.
    (2020) Mswephu, Khayakazi.; Jones, Trevor Brian.
    The dissertation seeks to address the contribution of seaborne commerce in the South African economy. Basically the research is trying to look at the development of the carriage of goods by sea to and from South Africa, and the related development of the maritime transport industry, and how these contribute to the economic growth of the country. South Africa is regarded as a maritime country, which is substantiated by its commercial ports and the very substantial cargo flows that pass through those ports. The research interrogates the gaps which have been highlighted such as the question of how to develop a maritime industry when cargo owners are not involved in the transport arrangements. There is not much available literature about the contribution of seaborne commerce to the South African economy. South Africa has a large trade volume; however this large volume does not necessarily mean that it has a competitive advantage in transporting those commodities. South Africa it is not a significant ship operating nation. Cargo movements are not controlled by South African cargo owners, but rather by our foreign buyers and suppliers. South Africa exports the majority of bulk cargoes and that is a vital part of the South African economy and generates a substantial amount of the country’s foreign exchange. This dissertation interrogates those terms of shipment, which are dominated by FOB exports sales, notably in bulk exports. The ruling commercial terms of shipment have considerable influence over the benefits the country receives from the maritime industry. This represents a substantial loss of potential revenue in invisible earnings for the country's service account of the balance of payments. This dissertation recommends that a feasibility study be undertaken for the contribution of seaborne commerce to the economic growth of the country.
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    Government budget deficits in South Africa.
    (1997) Barker, Alison Anne.; Kusi, Newman Kwadwo.
    The Government of National Unity, on coming into power in April 1994, indicated its intention to transform the economy through a growth-oriented reconstruction and development programme (RDP). The sustainability of the RDP, however, depends crucially on the maintenance of fiscal discipline as well as the progressive reduction of the overall fiscal deficit. Excessive fiscal deficits will result in higher inflation, higher real interest rates, balance of payments disequilibrium and lower economic growth, thereby putting the whole RDP at risk (Kusi and Fuzile, 1996). The· need to understand the problems of the fiscal deficit and its underlying causes cannot be overemphasised. This study investigates the trend of the fiscal deficit in South Africa over the period 1960-1994, and the impact on it of the changes in its macroeconomic determinants. Our results show that the fiscal deficit has undergone a general trend increase. Many of the changes in the fiscal deficit were the result of the increased government debt and the associated cost of servicing the debt. Other significant factors that affected the deficit were the costs of capital goods imports, changes in domestic prices and the real exchange rate. Revenue was mostly affected by GDP growth and private consumption expenditures. Our findings suggest that tax reform should be directed at broadening the tax base, while expenditure needs to be reallocated from non-productive activities to productive activities, In reducing the level of government expenditure, the Government needs to focus on the current size of the public debt with a view to cutting it to a manageable level.
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    An assessment of the implementation of the performance management strategy used by South African breweries in east coast region.
    (2018) Sibisi, Mthokozisi Cleopas.; Beharry-Ramraj, Andrisha.
    Performance management is aimed at constant development of employees, wherein their input to the organization is acknowledged, and their future potential and developmental needs are identified. In other words, performance management aims at expediting an understanding that is shared through giving and receiving feedback with mutual accountability as it were. While so much is known about the performance management itself, little is known with regards to the implementation of the performance management strategy. This study seeks to assess the implementation of the performance management strategy, with special reference to the East Coast region of the South African Breweries. To do this, the study seeks to understand the performance management goals set by the organization, performance measurement and the performance feedback techniques. Similarly, the study seeks to understand the basis of reward for performance and to understand how performance objectives and activities in the organization are implemented. The qualitative research methodology type was employed. In essence, the exploratory research design was utilized, while 12 respondents comprising of managers and employees were purposively selected for the study. The in-depth interview type was used to elicit responses from the respondents. The date cleansing was done with Trcohim and Donnelly (2007) four indicators of reliability and validity of qualitative data, while the thematic qualitative data analysis was employed to analyse the qualitative data. The findings of the study indicate that performance management goals are set from the top and cascaded down throughout the company. These goals are set against company’s performance targets. Similarly, other findings showed that performance measurement are done on a routine basis such weekly, monthly and on annual basis. It was also found that there is one standard feedback system which is tracked every week on a one on one basis which leads to two performance reviews a year. Again, findings showed that reward system for performance is based on achieving performance targets set against KPIs. Lastly, findings exude that performance management decisions are imposed by top management and the goals for individuals are implemented with the aim of achieving their targets. Thus, the study recommend that for a the standardised target strategy due to the fact that there is standard tool of operating performance measurements in different geographical location that have different standards of living and products preferences. The need for a standardized format of providing feedback to employees and Human Resource Management should also in be involved in the process and the consideration of environmental influence in the administration of reward system. Lastly, it is recommended that there must be room for employee’s consultation on issues of performance implementation and employees must be full participants of any implementation strategy.
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    Agricultural cooperatives as strategy for rural development in Rwanda: a case study of COVEPAR.
    (2005) Uwantege, Emma-Carine.; Tenza, Themba.
    When agricultural cooperatives are very well organized and implemented with sufficient means and committed people, then they can help to achieve rural development. COVEPAR- Cooperative for Valorization and Exportation of Rwandan Agricultural Products- created by local people of Butare Province in October 2001, aimed to participate in the process of poverty reduction in rural areas by increasing the value and exportation of Rwandan products. The main hypothesis of the research was that COVEPAR allows for diversification of individual farmers' income and increases markets for the members. This study was undertaken in order to see the contribution of COVEPAR in achieving solutions for problems of agriculture in general and farmers in particular. Particularly, the focus was on its contribution in poverty reduction in Butare Province. The results of this research showed that in two years of activities (having started its activities in April 2003) COVEPAR has managed to introduce a new cash crop (chilli pepper) in Rwanda in general and in Butare in particular. Also, farmers who used to sell their production at local markets are now selling at international markets through COVEPAR. However, they are still complaining about the price at which COVEPAR buys their production. Cassava, an old food crop in Rwanda, is also one of the two products that COVEPAR is interested in. The experience of COVEPAR showed that it is also revenue generating at international market (European market). This is real when cassava is transformed into good quality cassava flour or starch. The research also showed that COVEPAR participates in agriculture intensification. It is the second source of modem inputs for its members not taking into consideration household residues. It also sensitises its members to use modem inputs and agricultural techniques through PEARL Project agronomists, one of its main supporter projects. About the addition of value, COVEPAR processed cassava roots into cassava flour and obtained 12 tons that in turn were sold on the European market. However, this cassava had not come from associations. COVEPAR had bought it at short notice from any producer who was selling, because it was an urgent situation of exploring the European market's response to their product. Fortunately, the European buyers approved the product and guaranteed the market. At present, COVEPAR is constructing a modern transformation unit that will help to obtain good quality cassava flour, ready for export, in Butare Province. It is also in the stage of sensitising its members to cultivate improved seedlings of cassava in order to obtain high production. So, as the market is already identified, the additional value process will continue. In future production the focus will be mainly on cassava roots obtained from its members. For chilli pepper, COVEPAR sells a non-finished product. The chilli pepper is only put it into packages after it is thoroughly dried and sorted. However, members of the chilli pepper associations have improved their lives more than that of the cassava associations. Apart from buying food and clothes like cassava associations, they have also covered other important needs like buying livestock, bicycles, new farms, new house, etc. COVEPAR has also contributed to job creation in Butare Province. Although the achievements have been many in the relatively short period of two years, COVEPAR is also facing many problems. It is inadequately organized with some very important institutions such as general assembly, board of management and auditors still being absent from its managerial structure. Also, it has lack of financial capital that puts it in the unfortunate situation of bringing about misunderstanding with members because of delays in payments. The other problems are poor communication and collaboration with members. In addition, COVEPAR works with a lot of associations that are more than its financial and technical means can afford. Therefore, if these shortcomings are not corrected as soon as possible, COVEPAR objectives will not be reached and it will inevitably share the same fate as other cooperatives that have existed and failed in Rwanda.