scholarly journals A comparative study of the application of alternative risk transfer methods of insurance in South Africa and Zimbabwe

2015 ◽  
Vol 4 (3) ◽  
pp. 241-249
Author(s):  
Athenia Bongani Sibindi
Keyword(s):  
South Africa ◽  
Risk Management ◽  
South African ◽  
Traditional Method ◽  
Insurance Market ◽  
Market Segments ◽  
Risk Transfer ◽  
Stage Of Development ◽  
Alternative Risk Transfer ◽  
Compare And Contrast

Alternative risk transfer techniques represent the crown jewels in the risk management arena. This non-traditional method of insurance has gained prominence over the last few decades. Against this backdrop, the present study seeks to unravel the development of the alternative risk financing insurance segment within a developing country setting. The study specifically sets out to compare and contrast the ART insurance market segments of South Africa and Zimbabwe. The study is documents that the Zimbabwean market is at a nascent stage of development, whilst the South African market is fully developed. Notwithstanding the prospects for the development of this sector looks bright.

Risk management factors contributing to transgressions in the procurement practices in South African SOEs

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lindani Myeza ◽  
Naledi Nkhi ◽  
Warren Maroun
Keyword(s):  
South Africa ◽  
Risk Management ◽  
Public Sector ◽  
South African ◽  
Public Procurement ◽  
African State ◽  
Political Influence ◽  
Structured Interviews ◽  
Content Type ◽  
Executive Level

PurposeThe study aims to deepen the understanding of why risk management principles are circumvented, thereby contributing to transgressions in public procurement for South African state-owned enterprises (SOEs). A deeper understanding of why risk management principles are circumvented is especially important in South Africa, given the high social, economic and environmental risks to which national and major SOEs are exposed in the procurement process.Design/methodology/approachThe study uses a qualitative design, based on detailed semi-structured interviews with 19 participants comprising management advisors, forensic investigators and auditors to explore why risk management principles are circumvented by South Africa SOEs.FindingsThe results of the study indicate that the tone that is set at political and executive level plays an important role in determining compliance with risk management principles by lower-level staff. Intense levels of political influence at SOEs are the main reason behind risk management systems being undermined.Originality/valueThe current study is one of the first explorations of why transgressions in public procurement continue to be evident despite risk management reforms being adopted by South Africa public sector. The research responds to the call for more studies on why reforms in South Africa public sector are not reducing transgression in public procurement. The study provides primary evidence on the importance of political and executive leadership in influencing the effectiveness of risk management reforms in the public sector.

scholarly journals The imperative for commodity-based intermodal freight transport demand modelling: a South African case study

2014 ◽  
Vol 12 (1) ◽  
pp. 193-202
Author(s):  
Jan Hendrik Havenga ◽  
Zane P. Simpson ◽  
Anneke de Bod
Keyword(s):  
South Africa ◽  
South African ◽  
Freight Transport ◽  
Container Terminals ◽  
Market Segments ◽  
Demand Modelling ◽  
Intermodal Freight ◽  
Transport Demand Modelling

Container forecasting typically focuses on its intermodal nature, container sizes and port container terminals. This leads to a commodity-blind approach to container forecasting, where the twenty-foot-equivalent is the forecasting output. The standardized unit is also increasing into many non-standard forms, indicated by the three main container market segments. This research deconstructs these segments and provides methodological and actual commodity-based container forecasting results for South Africa where intermodal solutions are still in its infancy and investments need to be made based on accurate forecasting

scholarly journals The state of women’s rugby union in South Africa: Recommendations for long-term participant development

2013 ◽  
Vol 25 (1) ◽  
pp. 28
Author(s):  
M Posthumus
Keyword(s):  
South Africa ◽  
South African ◽  
Rugby Union ◽  
Stage Of Development ◽  
Current State ◽  
Specific Stage ◽  
Gender Specific Differences ◽  
Future Strategy ◽  
Gender Specific

Several international rugby unions, including the South African Rugby Union, have adopted the long-term athlete development (LTAD) model, which is based on physiological principles that categorise players into specific stages of development. The original model proposes different age categories for boys and girls within each specific stage of development. This review: (i) discusses the current state of junior female rugby in South Africa; (ii) discusses the evidence for gender-specific differences in the LTAD model; and (iii) recommends a future strategy for LTAD within female rugby in South Africa, considering the current approaches of other international unions.

scholarly journals Evaluation of corporate integrated reporting in South Africa post King III release South Africa: An exploratory enquiry

2013 ◽  
Vol 6 (2) ◽  
pp. 421-438 ◽  
Author(s):  
Theophilus S. Makiwane ◽  
Nirupa Padia
Keyword(s):  
South Africa ◽  
Risk Management ◽  
Corporate Governance ◽  
Financial Performance ◽  
South African ◽  
Listed Companies ◽  
Integrated Reporting ◽  
Management Processes ◽  
The Future ◽  
Governance Risk

Following the release of the King III report on Corporate Governance for South Africa, which became effective in March 2010, South African companies are expected to embrace the concept of integrated reporting in terms of which they are required to provide details of their strategies, corporate governance, risk management processes, financial performance and sustainability. More importantly, companies need to show how these components of integrated reporting are linked to one another so that stakeholders can make informed decisions about such companies’ current performance as well as their ability to create and sustain value in the future. The purpose of this study was to determine whether the level of reporting by South African listed companies has improved since the release of the King III report. It was subsequently found that there have been some progress in this regard, but there is still much room for improvement if the objectives of integrated reporting are to be fully met.

scholarly journals NGOs’ Advertising in South Africa and Implications for NGOs in China

2017 ◽  
Vol 9 (1) ◽  
pp. 18
Author(s):  
Sijia Liu ◽  
Vivian G. Kirby ◽  
Paul D. Berger
Keyword(s):  
South Africa ◽  
South African ◽  
Non Profit ◽  
Advertising Strategy ◽  
Governmental Organizations ◽  
Non Governmental Organizations ◽  
Non Profit Organizations ◽  
Chinese Ngos ◽  
Mixed Blessing ◽  
Compare And Contrast

In this paper, we discuss NGOs (Non-Governmental Organizations) and NPOs (Non-Profit Organizations) in general and focus on the advertising strategy NGOs should undertake. More specifically, we compare and contrast the NGO history in South Africa and China, its corresponding past advertising, and implications for advertising strategy for Chinese NGOs going forward. This includes a discussion of a key issue of the efficacy of advertising that evokes emotion, and how it can be a “mixed-blessing.” It is suggested that the advertising strategy of South African NGOs can usefully inform NGOs in China.

scholarly journals Intelligence-led policing: A proactive approach to combating corruption

2015 ◽  
Author(s):  
Trevor Budhram
Keyword(s):  
South Africa ◽  
Risk Assessment ◽  
Risk Management ◽  
South African ◽  
The South ◽  
Proactive Approach

Corruption causes substantial social and economic harm. The South African government’s attempts to combat corruption have relied on strengthening legislation, introducing statutory investigative bodies, initiating public anti-corruption campaigns, and appealing to the integrity of individuals. Yet corruption remains a big problem in South Africa. However, one approach that has yet to be pursued is intelligence-led policing (ILP). ILP is a model built around proactive risk assessment and risk management. This article explains how ILP can be used to investigate corruption in South Africa.

scholarly journals Reducing risky driver behaviour through the implementation of a driver risk management system

2014 ◽  
Vol 8 (1) ◽  
Author(s):  
Rose Luke ◽  
Gert J. Heyns
Keyword(s):  
South Africa ◽  
Risk Management ◽  
South African ◽  
Management System ◽  
Critical Incident ◽  
Driver Behaviour ◽  
Risk Management System ◽  
Ratio Data ◽  
Using Data

South Africa has one of the highest incidences of road accidents in the world. Most accidents are avoidable and are caused by driver behaviour and errors. The purpose of this article was to identify the riskiest driver behaviours in commercial fleets in South Africa, to determine the business impact of such behaviour, to establish a framework for the management of risky driver behaviour and to test the framework by applying a leading commercial driver behaviour management system as a case study. The case study comprised three South African commercial fleets. Using data from these fleets, critical incident triangles were used to determine the ratio data of risky driver behaviour to near-collisions and collisions. Based on managing the riskiest driver behaviours as causes of more serious incidents and accidents, the results indicated that through the implementation of an effective driver risk management system, risky incidents were significantly reduced.

scholarly journals The state of women’s rugby union in South Africa: Recommendations for long-term participant development

2013 ◽  
Vol 25 (1) ◽  
pp. 28
Author(s):  
M Posthumus
Keyword(s):  
South Africa ◽  
South African ◽  
Rugby Union ◽  
Stage Of Development ◽  
Current State ◽  
Specific Stage ◽  
Gender Specific Differences ◽  
Future Strategy ◽  
Gender Specific

Several international rugby unions, including the South African Rugby Union, have adopted the long-term athlete development (LTAD) model, which is based on physiological principles that categorise players into specific stages of development. The original model proposes different age categories for boys and girls within each specific stage of development. This review: (i) discusses the current state of junior female rugby in South Africa; (ii) discusses the evidence for gender-specific differences in the LTAD model; and (iii) recommends a future strategy for LTAD within female rugby in South Africa, considering the current approaches of other international unions.

scholarly journals The capacity of personnel in disaster risk management in South African municipalities

2017 ◽  
Vol 13 (1) ◽  
Author(s):  
Gideon J. Wentink ◽  
Dewald Van Niekerk
Keyword(s):  
South Africa ◽  
Risk Management ◽  
South African ◽  
Disaster Management ◽  
Disaster Risk ◽  
Transformation Process ◽  
Disaster Risk Management ◽  
Management Framework ◽  
New Era ◽  
National Disaster

Since 1994, fundamental transformation in South Africa in terms of disaster risk reduction taken place. The transformation process led to the promulgation of the Disaster Management Act (57/2002) (DMA) that introduced a new era of disaster risk management (DRM) in South Africa. The National Disaster Management Framework (NDMF) that followed in 2005 put clear guidelines in place for implementing the DMA and emphasised the importance of the integration and coordination of DRM activities in all spheres of government. To adhere to the requirements of the DMA regarding personnel, certain DRM structures like interdepartmental committees, disaster management centres, disaster management frameworks and disaster management advisory forums must be in place. Since the promulgation of the DMA in 2003, South African municipalities have had ample time to get the structures in place. This article tries to evaluate the degree to which South African municipalities adhere to the requirements of the DMA in terms of personnel. Municipalities were selected per province, and the research is based on a 20% representative sample of all 279 municipalities in South Africa. A mixed method of research was followed. The result of this research showed a clear lack of implementation in terms of the DMA. A number of disaster management personnel work in other municipal departments, meaning that their attention cannot fully be focused on activities relating to DRM.

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