Estimating the economic benefits of MSC certification for the South African hake trawl fishery

2016 ◽  
Vol 182 ◽  
pp. 98-115 ◽  
Author(s):  
Philippe Lallemand ◽  
Mike Bergh ◽  
Margaret Hansen ◽  
Martin Purves
2012 ◽  
Vol 11 (3) ◽  
pp. 269
Author(s):  
Heng-Hsing Hsieh ◽  
Kathleen Hodnett ◽  
Paul Van Rensburg

The results of our prior research on internationally-domiciled global equity funds suggest that active managers do not provide economic benefits, in addition to their underlying investment style benchmarks. This finding implies that the performances of global equity funds are derived mainly from the broad investment styles followed by the active managers rather than the stock-picking activities of the managers. We replicate our earlier research to investigate the performances of the six well-established global equity funds in the South African unit trust industry. Our results indicate that four out of the six South African fund managers under examination substantially underperform their passively-replicated style benchmarks. Our prior study results indicate that there is no significant difference between the performances of the internationally-domiciled global equity funds and their respective style benchmarks. By contrast, the stock-picking decisions of the South African fund managers are found to destroy value created by their respective style benchmarks in this study. Our findings suggest that investors who wish to follow particular investment styles would be better off by investing in exchange traded funds (ETF) that passively track the performances of their mandated investment styles in the global equity market with minimal costs.


Author(s):  
Lee-Anne Naicker ◽  
Evangeline Nortje ◽  
Michael Kleynhans ◽  
Andre Stander ◽  
Yvette Hlophe ◽  
...  

Current research in the area of wellness in the workplace is fragmented and requires a holistic, integrated and systemic understanding of employee wellness in order for health and wellness care to be effectively managed. The growing burden of noncommunicable conditions in South Africa highlights the necessity for prevention strategies such as wellness programmes to be implemented. The workplace provides an ideal setting as a large proportion of the population will be targeted, including those who require lifestyle improvement. Therefore this study sought to evaluate various health and wellness components among employees of a medical aid company in an attempt to identify risk areas which require further intervention. Participants were 140 employees of a medical aid company who work a minimum of 40 h per week and who were subjected to a wellness assessment battery, consisting of anthropometrical, health-related and physical capacity measurements. The results indicate that intervention is required in terms of alcohol and drug usage, dietary habits, heart health, body composition, muscular endurance, cardiorespiratory endurance, and individual perceptions towards the company. This study produced results which corroborate the findings of a great deal of previous research in this field. However, the scope for applying wellness programmes to the South African population is limited. The success of wellness programmes which emphasise physical activity has been well documented in high-income countries, with evidence of economic benefits and return on investment. And so it is proposed that implementation of wellness programmes will have a positive effect on the South African workforce.


2013 ◽  
Vol 83 (4) ◽  
pp. 1019-1034 ◽  
Author(s):  
J. G. Field ◽  
C. G. Attwood ◽  
A. Jarre ◽  
K. Sink ◽  
L. J. Atkinson ◽  
...  

2007 ◽  
Vol 86 (1) ◽  
pp. 15-30 ◽  
Author(s):  
Sarah A. Walmsley ◽  
Rob W. Leslie ◽  
Warwick H.H. Sauer

Author(s):  
C P Demmerez de Charmoy ◽  
P J Grabe

In its white paper, the Department of Transport (2017) envisages a future South African core railway network which requires the conversion and construction of over 8 500 km of standard-gauge railway track by 2050. The scale of the project would undeniably have a large cost attached to it, which needs to be well understood before any of the construction takes place. Numerous studies regarding railway gauge have been conducted within South Africa, but no single paper has addressed the issue of which specific railway corridors could economically benefit from a standard-gauge intervention. The purpose of this study was to identify which corridors in the South African core network could potentially benefit from a gauge change intervention. These identified corridors were then economically evaluated to determine which of the corridors would outperform the base case, which was set as the Market Demand Strategy (MDS) plan. Finally, it was determined if any of the corridors identified outperformed the base case, to simulate how the operations of the corridor would be affected. The conclusions of the study indicated that all the corridors in the South African core network should follow the plans proposed in the MDS to achieve the maximum return for the analysis period, except for the Natal corridor. It was identified that the Natal corridor would benefit most from a standard-gauge single line which would run concurrently with the narrow-gauge system transporting containers and other general freight along the corridor.


2006 ◽  
Vol 12 (2) ◽  
Author(s):  
Britt Akermann ◽  
Faiz Kermani

Like many other countries around the world South Africa is keen to develop its biotech capabilities. A vibrant biotech sector could have economic benefits and could also play a useful role in tackling diseases that predominantly affect South Africa but are currently underserved by the R&D efforts of multinational companies. However, South Africa's R&D infrastructure must be upgraded to meet the needs of the modern biotechnology sector, which relies on the latest advances in genetics and genomics. In 2001, recognising the challenges it faced in developing a mature biotech industry, the South African government published its National Biotech Strategy and allocated initial funding for a number of biotechnology regional innovation centres. There is also hope that South Africa's efforts to develop its biotech sector can serve as a useful example for developing countries around the world, but particularly for those within Africa.


2008 ◽  
Vol 66 (1) ◽  
pp. 72-81 ◽  
Author(s):  
Charles T. T. Edwards ◽  
Rébecca A. Rademeyer ◽  
Doug S. Butterworth ◽  
Éva E. Plagányi

Abstract Edwards, C. T. T., Rademeyer, R. A., Butterworth, D. S., and Plagányi, É. E. 2009. Investigating the consequences of Marine Protected Areas for the South African deep-water hake (Merluccius paradoxus) resource. – ICES Journal of Marine Science, 66: 72–81. Protected areas are often touted as important management tools to mitigate the uncertainty inherent in marine ecosystems, and thereby improve the long-term prospects for sustainable resource use. However, although they certainly play an important role in conservation, their usefulness in improving fishery yields is contentious. We present a simulation model that explores spatial closure options, and apply it to the demersal hake trawl fishery off South Africa. The model is based on the age-structured approach used for current assessments, representing the dynamics of the deep-water hake Merluccius paradoxus within a zonally disaggregated spatial system. Fitting the model to two zones, which demarcate a potential closed area from the remaining fished area, we investigate the consequences that such a protected area could have for the fishery. Our model suggests that area closures would have a negligible benefit for the fishery, regardless of the level of hake movement between areas. This is likely the result of the model's simplicity, and we suggest additional factors that should be considered to quantify the impact of Marine Protected Areas on the fishery more reliably.


Koedoe ◽  
1984 ◽  
Vol 27 (1) ◽  
Author(s):  
C.D Buxton ◽  
M.J Smale

Sixty-five species representing 29 families were re- corded in a survey of the marine ichthyofauna of the Tsitsikamma Coastal National Park. Visual assessments of the composition of the fish communities at three inshore reef types indicated differences in the species composition and size of fishes present. Areas which are closed to fishing protect many species important to the South African linefishery whereas a recent seaward extension of the park boundary in 1983 will also include areas inhabited by species important to the demersal trawl fishery.


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