scholarly journals Independent board of directors and corporate sustainability: A South African and Nigerian perspective

2014 ◽  
Vol 3 (1) ◽  
pp. 58-68
Author(s):  
Collins Ngwakwe ◽  
Fortune Ganda ◽  
Oladele John Akinyomi
Keyword(s):  
South Africa ◽  
Sustainable Development ◽  
South African ◽  
Stock Exchange ◽  
Corporate Sustainability ◽  
Annual Reports ◽  
Independent Directors ◽  
Environmental Reporting ◽  
Sustainability Disclosure

This paper examined the stance of independent directors on corporate sustainable development initiative in South Africa and Nigeria. This has become apposite considering the role of independent directors in corporate strategic decisions and performance. It is believed that independent boards strive to direct corporate decisions to protect the investors and thus improve financial performance. Given that sustainability initiative is currently occupying a vital strategic position in protecting firms against inherent and imminent climate change and financial risks, the paper undertakes a survey of South African and Nigerian companies to ascertain the role of independent directors on corporate sustainable development initiatives. Using a mix method of primary and secondary data analysis, the paper finds that independent boards in both countries of study understand the importance of sustainability; however a pragmatic stance on sustainability is more visible in South Africa where independent boards are members of and/or participate in nominating corporate sustainability committees. The paper suggests the need for improved detailed disclosure on sustainability in the Nigerian corporate annual reports; the Nigerian Stock Exchange may boost this initiative by establishing a social and environmental reporting index supported by an annual survey of company sustainability disclosure. It also suggests the need to include sustainability awareness and interest in the metrics that are used in the appointment of independent boards in Nigerian companies

Community Engagement

2020 ◽  
pp. 261-287 ◽  
Author(s):  
Tshimangadzo Selina Mudau
Keyword(s):  
South Africa ◽  
Sustainable Development ◽  
Literature Review ◽  
Community Engagement ◽  
Urban Communities ◽  
South African ◽  
Social Transformation ◽  
Historical Background ◽  
Rural And Urban

The chapter presents the use of community engagement as a tool to facilitate rural development in (South) Africa. In its discussion, the researcher used desktop literature review to analyze, compare, and gain insights guiding the use of community engagement to enhance social transformation and sustainable development. The discussion is advanced from the historical background of the emergence of African universities and community engagement. The focus was reflected against the backdrop of the Western approach used among various global universities. In this view, the underpinning objectives, relationship with the researched, and the role of the researching university are detailed. Practical evidence of positive collaborative results within the (South) African communities within the rural and urban communities by universities and other organizations have also been provided. A contrast of various types of community engagement is also provided.

scholarly journals Relationship between environmental pressure and environmental disclosure in the sustainability reports of banks

2017 ◽  
Vol 8 (3) ◽  
pp. 111-118 ◽  
Author(s):  
Nyiko D. Mchavi ◽  
Collins C. Ngwakwe
Keyword(s):  
South African ◽  
Banking Sector ◽  
Corporate Sustainability ◽  
External Pressure ◽  
Secondary Source ◽  
Environmental Disclosure ◽  
Environmental Pressure ◽  
Sustainability Disclosure ◽  
Sustainability Reports

This research evaluates the role of environmental pressure on the extend of environmental disclosure of South African banks. Although much research on corporate sustainability disclosure exists, this research is unique since little of the previous research in South Africa has given a closer examination of environmental pressure implication on the banking sector environmental disclosure. Research data were collected from secondary source, which are available from the sustainability reports of the sample of banks. Data were arranged and analyzed by means of the panel data multiple regression. Findings from the analysis showed that none of the seven environmental pressure variables had a significant relationship with banks’ environmental disclosure, which confirms assertion in the literature that banks are not much concerned with environmental issues. In conclusion, the research made some recommendations, which include that future researchers should expand the number of banks by including other financial institutions. Additionally, more research should be conducted to ascertain why external pressure is not very effective in motivating banks’ environmental disclosure as found in this study. Hence, the suggested question for further research is “what motivates bank’s environmental disclosure” and “do banks internalize or externalize their environmental costs”.

scholarly journals Integrated reporting vs. sustainability reporting for corporate responsibility in South Africa

2015 ◽  
Vol 29 (29) ◽  
pp. 7-17 ◽  
Author(s):  
Alexandra F. Clayton ◽  
Jayne M. Rogerson ◽  
Isaac Rampedi
Keyword(s):  
South Africa ◽  
South African ◽  
Stock Exchange ◽  
Sustainability Reporting ◽  
Annual Reports ◽  
Integrated Reporting ◽  
Corporate Reporting ◽  
And Performance ◽  
The Impact ◽  
Responsible Manner

AbstractLarge corporates have come under increasing pressure to conduct their business in a more transparent and responsible manner. In order for business to fulfil its obligations under the ethic of accountability stakeholders must be given relevant, timely, and understandable information about their activities through corporate reports. The conventional company reports on annual financial performance, sustainability and governance disclosures often fail to make the connection between the organisation’s strategy, its financial results and performance on environmental, social and governance issues. Recognising the inherent shortcomings of existing reporting models, there is a growing trend to move towards integrated reporting. South Africa has been one of the most innovative countries in terms of integrated corporate reporting. Since 2010 companies primarily listed on the country’s major stock exchange have been required to produce an integrated report as opposed to the former sustainability report. The aim in this study is to review the development of integrated reporting by large corporates in South Africa and assess the impact of the required transition from sustainability reporting to integrated reporting on non-financial disclosure of eight South African corporates using content analysis of annual reports.

scholarly journals The role of tax incentives in encouraging energy efficiency in the largest listed South African businesses

2018 ◽  
Vol 21 (1) ◽  
Author(s):  
Mareli Dippenaar
Keyword(s):  
South Africa ◽  
Decision Making ◽  
Energy Efficiency ◽  
South African ◽  
Stock Exchange ◽  
Tax Incentives ◽  
Index Method ◽  
Johannesburg Stock Exchange ◽  
The Government

Background: South Africa is faced with a significant challenge of securing the supply of electricity as well as reducing its greenhouse gas emissions. The implementation of energy efficiency (EE) and renewable energy (RE) measures by energy consumers, especially businesses, is becoming increasingly important and a number of tax incentives have been introduced to promote EE and RE. Objective: The objective of this preliminary study was to determine the role that the available tax incentives play in the decision making of South African businesses regarding investment in RE or EE projects. Aim: To determine this role, the largest South African businesses were selected from the Johannesburg Stock Exchange Top 40 Index. Method: The study contained both empirical and non-empirical elements. A literature review was conducted to determine the role of tax incentives globally, while questionnaires were distributed to determine the role in South Africa. Results: Findings highlighted that, while tax incentives do play a role in decision making, various other non-tax factors drive South African businesses’ decisions to invest in EE and/or RE projects. These businesses do not perceive the available tax incentives as effective, nor do they regard them as sufficiently motivating for businesses to change their environmental behaviour. They also feel that the government should reduce the burden of complying with the requirements of Section 12L (the EE allowance). Conclusion: Improving the available RE and EE tax incentives in South Africa might result in more businesses considering the implementation of RE or EE projects. It is therefore recommended that the available tax incentives are expanded and/or the qualifying criteria simplified.

The Anti-corruption Institutions in South Africa: A Panacea to Governance Ills?

2018 ◽  
Vol 33 (2) ◽  
Author(s):  
Paulus Hlongwane
Keyword(s):  
South Africa ◽  
Service Delivery ◽  
South African ◽  
Negative Impact ◽  
Case Law ◽  
Annual Reports ◽  
Political Interference ◽  
Effectiveness And Efficiency ◽  
The Government

The purpose of this article is to assess the role played by the South African anti-corruption institutions in addressing corruption in government departments. The negative impact of corruption on the effectiveness and efficiency of the service delivery by government departments necessitates an examination of the role of the anti-corruption institutions. For the purposes of this article, a review of scholarly published articles, newspaper articles, case law and annual reports of the anti-corruption institutions in South Africa was undertaken. With regard to the anti-corruption institutions, it is has not yet been established whether they are operating free of political interference in South Africa. This article contends that the anti-corruption institutions should be sufficiently resourced and funded by the government to enable them to deal effectively with the corrupt activities that pervade government departments. Moreover, the anti-corruption institutions should be able to perform their functions without any political interference that could possibly influence their proper functioning negatively.

Post-recession share repurchase behaviour by JSE-listed companies: transparent or not?

2020 ◽  
Vol 10 (3) ◽  
pp. 465-486
Author(s):  
Gretha Steenkamp ◽  
Nicolene Wesson
Keyword(s):  
South Africa ◽  
Real Time ◽  
South African ◽  
Stock Exchange ◽  
Listed Companies ◽  
Annual Reports ◽  
Share Repurchases ◽  
Share Repurchase ◽  
Content Type ◽  
Johannesburg Stock Exchange

PurposeShare repurchases are increasingly employed in South Africa. Disclosure on share repurchases in annual reports is poor, and a high percentage of share repurchases are not announced in real time on the Johannesburg Stock Exchange (JSE). A comprehensive database of share repurchases by JSE-listed companies has been created up to 2009, but post-recession repurchase behaviour is not known. This study aims to examine South African share repurchase behaviour (activity, repurchase entity, repurchase type and transparency) in the post-recession period and compare this to the 2000–2009 period.Design/methodology/approachComprehensive share repurchase data for all JSE-listed companies (excluding those in the basic materials and financial industries) were obtained by scrutinising annual reports and JSE announcements.FindingsThe repurchasing of shares reached a peak during the financial recession of 2008/2009, with share repurchases stabilising at a lower level post-recession. Repurchases executed by subsidiaries have decreased post-recession, probably owing to the introduction of dividends tax. However, 45% of the share repurchase value was not announced via the JSE (compared to 22% in 2000–2009).Practical implicationsReal-time JSE announcements of all share repurchases are required to improve transparency.Originality/valueOwing to low announcement rates, a lack of transparency relating to share repurchases was observed in South Africa post-recession. Enhanced corporate governance requirements could improve transparency.

ROLE OF LIBRARIANS IN TEACHING INFORMATION LITERACY IN ZIMBABWEAN AND SOUTH AFRICAN UNIVERSITIES: A COMPARATIVE STUDY

Mousaion ◽  
2016 ◽  
Vol 33 (1) ◽  
pp. 23-42 ◽  
Author(s):  
Tinashe Mugwisi
Keyword(s):  
South Africa ◽  
South African ◽  
Information Literacy ◽  
Ethical Issues ◽  
University Libraries ◽  
Information And Communications Technologies ◽  
Communications Technologies ◽  
Information Skills ◽  
The University

Information and communications technologies (ICTs) and the Internet have to a large extent influenced the way information is made available, published and accessed. More information is being produced too frequently and information users now require certain skills to sift through this multitude in order to identify what is appropriate for their purposes. Computer and information skills have become a necessity for all academic programmes. As libraries subscribe to databases and other peer-reviewed content (print and electronic), it is important that users are also made aware of such sources and their importance. The purpose of this study was to examine the teaching of information literacy (IL) in universities in Zimbabwe and South Africa, and the role played by librarians in creating information literate graduates. This was done by examining whether such IL programmes were prioritised, their content and how frequently they were reviewed. An electronic questionnaire was distributed to 12 university libraries in Zimbabwe and 21 in South Africa. A total of 25 questionnaires were returned. The findings revealed that IL was being taught in universities library and non-library staff, was compulsory and contributed to the term mark in some institutions. The study also revealed that 44 per cent of the total respondents indicated that the libraries were collaborating with departments and faculty in implementing IL programmes in universities. The study recommends that IL should be an integral part of the university programmes in order to promote the use of databases and to guide students on ethical issues of information use.

scholarly journals Truth and reconciliation in South Africa: Hindu experiences and concerns

2004 ◽  
Vol 60 (4) ◽  
Author(s):  
P.G.J. Meiring
Keyword(s):  
South Africa ◽  
South African ◽  
Truth And Reconciliation Commission ◽  
Faith Communities ◽  
The South ◽  
Reconciliation Commission ◽  
Truth And Reconciliation ◽  
Hindu Community ◽  
The Way

The author who served on the South African Truth and Reconciliation Commission (TRC), focuses on the Hindu experience in South Africa during the apartheid years. At a special TRC Hearing for Faith Communities (East London, 17-19 November 1997) two submissions by local Hindu leaders were tabled. Taking his cues from those submissions, the author discusses four issues: the way the Hindu community suffered during these years, the way in which some members of the Hindu community supported the system of apartheid, the role of Hindus in the struggle against apartheid, and finally the contribution of the Hindu community towards reconciliation in South Africa. In conclusion some notes on how Hindus and Christians may work together in th

Ethnicity and Voting Patterns in South Africa

1979 ◽  
Vol 27 (3) ◽  
pp. 458-468 ◽  
Author(s):  
Henry Lever
Keyword(s):  
South Africa ◽  
South African ◽  
Categorical Data ◽  
Economic Status ◽  
Party Choice ◽  
Political Choices ◽  
Electoral Behaviour ◽  
Log Linear ◽  
Published Research

There is some controversy concerning the role of ethnicity in South African electoral behaviour. Since the society is segmented on ethnic lines it is to be expected that ethnicity would play a crucial role in affecting political choices. Some writers have gone so far as to suggest that ethnicity is the only significant factor affecting voting preferences. The controversy arose at a time when Goodman's method of log-linear analysis for hierarchical models had not yet been developed. This method provides the most powerful tool available for the multivariate analysis of categorical data. A re-analysis of previously published research using Goodman's method shows that ethnicity is not the only significant factor having a bearing on voting preferences. The first four-way table of voting preferences in South Africa is presented. The order of importance of the variables affecting party choice is: (1) ethnicity (2) socio-economic status (3) age of the voter. The recursive model suggested by the analysis explains approximately 98 per cent of the data.

Risk disclosures in annual reports: the role of nonfinancial companies listed on the Athens stock exchange

2021 ◽  
Author(s):  
Fragiskos Gonidakis ◽  
Andreas Koutoupis ◽  
Panagiotis Kyriakogkonas ◽  
Grigorios Lazos
Keyword(s):  
Stock Exchange ◽  
Annual Reports ◽  
Athens Stock Exchange ◽  
Risk Disclosures
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