Best Practice in South African Construction Procurement Law

2016 ◽  
pp. 291-310
Author(s):  
Allison Anthony
Keyword(s):  
South African ◽  
Best Practice

scholarly journals The state of internal audit’s regulatory mandate

2016 ◽  
Vol 6 (3) ◽  
pp. 93-99
Author(s):  
Christo Ackermann
Keyword(s):  
Board Of Directors ◽  
South African ◽  
Best Practice ◽  
Internal Audit ◽  
Audit Committees ◽  
Detailed Review ◽  
Internal Audit Function ◽  
Key Stakeholders ◽  
The Board Of Directors ◽  
State Of Affairs

The importance of an effective internal audit function in South African municipalities have been recognised insofar as internal audit functions are legally mandated to exist within municipalities. This also means that legally, internal audit has certain mandates which must be fulfilled in order to add value to management and audit committees, and ultimately, to the board of directors. Even though internal audit is sanctioned by this important legal mandate, evidence shows that internal audit does not always fulfil this mandate. This state of affairs has prompted a detailed review of the relevant laws and regulations governing the work of internal audit in South African municipalities in order to determine the extent to which key stakeholders find the regulatory work of internal audit useful in discharging their (stakeholders’) oversight responsibilities. Questionnaires were administered to audit committees. The results summarise the extent to which internal audit’s work assists audit committees in their oversight responsibilities as this ultimately affects the ability of audit committees to fulfil these responsibilities to the board of directors. The results indicate that audit committees are greatly dependent on internal audit as a provider of assurance on a variety of legally mandated variables. The results of this study can be used as a measure of best practice of the legally mandated duties performed by internal audit. It can also be used by other researchers in comparative studies and by practitioners to benchmark their work in order to better serve audit committees and ultimately, the board of directors.

Use and neglect of best-practice HIV/AIDS programme guides by South African companies

2008 ◽  
Vol 7 (3) ◽  
pp. 375-388 ◽  
Author(s):  
Ronald Whelan ◽  
David Dickinson ◽  
Tessa Murray
Keyword(s):  
South African ◽  
Best Practice ◽  
Aids Programme ◽  
Hiv Aids

Radiological Studies in Very Low Birth Weight and Extremely Low Birth Weight Neonates: ‘ALARA’ Revisited

2019 ◽  
Vol 66 (4) ◽  
pp. 403-411
Author(s):  
Surjit Damon Jeetoo ◽  
Johan Smith ◽  
Richard Denys Pitcher
Keyword(s):  
Birth Weight ◽  
Low Birth Weight ◽  
Diagnostic Imaging ◽  
South African ◽  
Best Practice ◽  
Very Low Birth Weight ◽  
Extremely Low Birth Weight ◽  
Limited Data ◽  
Resource Limited ◽  
Elbw Neonates

Abstract Background Very low birth weight (VLBW) and extremely low birth weight (ELBW) neonates are particularly susceptible to the adverse effects of ionizing radiation. There are limited data on radiographic practice among this population in resource-limited environments. Aim To estimate cumulative effective dose (ED) from diagnostic imaging in VLBW (1000–1500 g) and ELBW (<1000 g) neonates in a resource-limited setting. Method A retrospective analysis of all diagnostic imaging examinations performed on ELBW and VLBW neonates born in a large South African public-sector tertiary-level hospital from January through June 2015. Data were stratified by birth weight and imaging examination. The ED was estimated according to the method of Puch-Kapst. Non-parametric t-tests compared the number of radiographs and ED in VLBW and ELBW neonates, at 5% significance. Results Three hundred and ninety-three neonates with median birth weight 1130 (IQR: 930–1340) g were included; 265 (67%) were VLBW and 128 (33%) ELBW; 48 (12%) died at a median of 7 (IQR: 2–17) days. A median of 2 (IQR: 1–5) radiographs were performed per neonate, with median ED 28.8 (IQR: 14.4–90.8) μSv. The median radiographic exposures for VLBW and ELBW neonates were 1 (IQR: 1–4) and 4 (IQR: 2–9), respectively, (p < 0.0001) with median ED 14.4 (IQR: 14.4–70.4) μSv and 71.2 (IQR: 28.8–169.3) μSv, respectively, (p < 0.0001). Radiographic exposure for VLBW neonates was lower than previously documented for this population. Conclusion Neonatal radiographic practice in resource-limited settings has the potential to contribute to the discourse on international best practice.

scholarly journals Benchmarking supply chain management practices in a South African confectionery manufacturing organisation

2015 ◽  
Vol 9 (1) ◽  
Author(s):  
Orestes Peristeris ◽  
Peter J. Kilbourn ◽  
Jacobus Walters
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
South African ◽  
Best Practice ◽  
Management Practices ◽  
Business World ◽  
Chain Management ◽  
High Level ◽  
Practice Framework

Background: In an increasingly competitive business world, businesses need to be able to measure the effectiveness of their supply chain management process practices against proven best practice frameworks. A number of these frameworks exist internationally but have to be used within the context of knowing the relative strengths and weaknesses of potential benchmarking frameworks. Two such frameworks were identified in the research and a case was made to use one such framework, the Global Supply Chain Forum (GSCF) framework, to measure the effectiveness of the supply chain practices of a leading confectionery manufacturing company in South Africa.Objective of the research: The purpose of the research was to identify an international best practice framework, which could be used by South African manufacturing organisations to benchmark their supply chain management (SCM) practices.Methodology: The methodology followed was a literature review of the existing SCM frameworks to identify a framework, which would be the most suited to the objective of the study, followed by a case study of a leading manufacturing organisation’s SCM practices benchmarked against those found in the framework.Results and conclusions: The main finding of the case study was that there is a high degree of adherence between the case study organisation’s SCM practices and those found in the SCM framework. There was also generally a high level of importance ascribed by respondents to the best practices contained by the GSCF framework. It was therefore concluded that the GSCF framework proved to be a useful instrument for a comprehensive analysis of supply chain management processes and practices for a manufacturer in the fast moving consumer goods industry, with potential for applications by organisations in the supply chains of other industries.

scholarly journals Share repurchase and dividend payout behaviour: The South African experience

2015 ◽  
Vol 46 (3) ◽  
pp. 43-54 ◽  
Author(s):  
N. Wesson ◽  
B. W. Bruwer ◽  
W. D. Hamman
Keyword(s):  
South African ◽  
Best Practice ◽  
Stock Exchange ◽  
Regulatory Environment ◽  
Share Repurchases ◽  
Share Repurchase ◽  
The South ◽  
Johannesburg Stock Exchange ◽  
Dividend Payments ◽  
African Experience

Share repurchases, rather than dividend payments, are increasingly becoming the globally favoured payout method. This has prompted a renewed interest in the field, and raises questions about the actual motivation for share repurchases and whether companies are now repurchasing shares in preference to investing in future growth. This study set out to ascertain whether South African company payout behaviour mirrors global company behaviour. Comprehensive data on share repurchases are, however, not compiled by South African financial data sources or by the Johannesburg Stock Exchange Ltd. In preparation for this study, the authors thus compiled the first comprehensive share repurchase database for companies in selected JSE-listed sectors for the first 11 years (i.e. 1999 to 2009) since share repurchases were first allowed in this country.Share repurchases were found to be a popular payout method, especially in the more recent periods covered in the study. Payout value was dominated by a few companies paying dividends every year and regularly repurchasing shares. Aspects unique to the South African regulatory environment, however, resulted in the South African share repurchase experience not fully mirroring current global practice. The main constraint in the South African share repurchase environment is that comprehensive, actual-time-based share repurchase data are not available. Recommendations are made on how to align the South African regulatory environment with global best practice. Regulatory changes, as well as continued research in the field, will equip stakeholders to make informed decisions.

scholarly journals Assessing the relative appropriateness of the credit management policies of South African universities of technology

2019 ◽  
Vol 12 (1) ◽  
Author(s):  
Gauda J. Maseko ◽  
Merwe Oberholzer ◽  
Susanna L. Middelberg
Keyword(s):  
South African ◽  
Quantitative Data ◽  
Best Practice ◽  
Institutional Environment ◽  
Management Policy ◽  
Mixed Method Research ◽  
Credit Management ◽  
Managerial Implications ◽  
Management Policies ◽  
Value Add

Orientation: The study explores credit management on the South African higher education landscape in the context of the institutional theory.Research purpose: To calculate a best practice frontier to assess the extent to which universities’ credit management policy as an institutional resource is appropriate for its environment.Motivation for the study: The study was undertaken to investigate how the institutional environment influences the development of formal university structures.Research design, approach and method: A parallel mixed-method research design was followed to collect both qualitative data and quantitative data: document analysis to assess five universities of technology’s credit management policies and quantitative data testing 1392 senior students’ perspectives on the credit management policies of these five universities of technology.Main findings: The lesson learnt from this study is that the more aggressive the credit management policy, the more the students rated it as appropriate (fair, understandable and accurate). Furthermore, contrary to extant literature, no evidence was found that a stringent or aggressive credit management policy is experienced as rigorous.Practical/managerial implications: Universities of technology may apply aggressive credit management policies without the fear that they will be perceived as rigorous.Contribution/value-add: Policymakers should note that students desire a credit management policy that: (1) is well communicated to them; (2) encourages them, by granting discounts, to do early settlements of debt; (3) is strictly implemented; and (4) is strict with regard to the collection and recovery of (deferred) debt.

scholarly journals An evaluation of Global Management Accounting Principles in the sustainability of a South African mechanised piggery

2018 ◽  
Vol 11 (1) ◽  
Author(s):  
Alick B. Burger ◽  
Susanna L. Middelberg
Keyword(s):  
Decision Making ◽  
South African ◽  
Best Practice ◽  
Management Accounting ◽  
Pork Production ◽  
Global Management ◽  
Accounting Principles ◽  
Managerial Implications ◽  
Effective Decision Making ◽  
Value Add

Research purpose: The aim of this article was to evaluate the relevance of Global Management Accounting Principles (GMAPs) in the sustainability of a mechanised piggery in a South African context.Motivation for the study: Considering the pressure which commercial agriculture in South Africa is experiencing, as well as the growing nature of pork production in this sector, mechanised piggeries would have to consider ways in which to manage their operations in order to remain sustainable.Research approach, design and method: The research design took the form of an exploratory case study and contextual applied research with an inductivist approach to qualitative research.Main findings: The findings include that, without pre-knowledge of GMAPs, Piggery A employed a large number of the concepts and principles described by GMAPs as best practice.Practical and managerial implications: All commercial farming operations should consider GMAPs as a tool to establish best practice in the support of decision-making that promotes sustainability of farming operations.Contribution or value-add: The article’s contribution is to highlight that GMAPs can also be utilised as an effective decision-making tool in a mechanised piggery albeit it was designed for use in large corporations.

scholarly journals Lessons from UNCITRAL for Reforming the South African Legal Framework Concerning Security Rights in Movable Property

2022 ◽  
Vol 25 ◽  
pp. 1-32
Author(s):  
Michel Marlize Koekemoer ◽  
Reghard Brits
Keyword(s):  
South African ◽  
Best Practice ◽  
Legal Framework ◽  
Third Parties ◽  
Law Reform ◽  
Soft Law ◽  
The South ◽  
Secured Transactions

This article analyses the South African legal framework governing security rights in movable property with the view to inspire law reform. The analysis is based on a comparison of the current South African framework with the UNCITRAL Legislative Guide on Secured Transactions, a soft-law instrument containing international best practice. The problematic aspects of the South African framework benchmarked against the UNCITRAL Guide are: (1) not having a common legal framework that equally applies to all types of (including quasi-) real security transactions; (2) the scope of the current framework not being comprehensive (inclusive) enough; (3) not having an efficient enough method of creating the security right; (4) the current publicity method, particularly concerning special notarial bonds, being overly cumbersome and not providing effective public notice to third parties; and (5) the current enforcement measures potentially not being the most efficient. Regarding each of these problem areas, the article makes proposals on how the South African legislature could reform the current framework into one that is legally efficient and in step with international best practice.

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