scholarly journals Carbon Risk Analysis Of The South African Banks’ Lending To The JSE100 CDP Companies

2015 ◽  
Vol 5 (4) ◽  
pp. 123-137
Author(s):  
Alfred Bimha
Keyword(s):  
Climate Change ◽  
South Africa ◽  
South African ◽  
Carbon Emissions ◽  
Stock Exchange ◽  
Public Information ◽  
Economic Transformation ◽  
The Other ◽  
Carbon Intensity

There is a pertinent concern over the continued lending to companies that are still pursuing projects that increase the amount of carbon emissions in the atmosphere. South Africa has most of its energy generation being done through coal thermal powered turbines. More so there are a number of new power stations being built in South Africa that are coal powered. Coal on the other hand is deemed as having the highest amount of carbon that contributes to the greenhouse effect which in turn affects the climate leading to climate change consequences. There is also a growing concern on the uptake of renewable energy initiatives by companies that are deemed carbon intensive. Banks are being castigated for not using their economic transformation role to champion the agenda of combating climate change caused by carbon emissions. In this study, the extent of lending in the short and long term to carbon intensive companies by South African banks is examined. Using a sample of the Johannesburg Stock Exchange top 100 companies that participate in Carbon Disclosure Project, an analysis is done through four carbon metrics –carbon intensity, carbon dependency, carbon exposure, carbon risk. The analysis used public information from the banks’ websites, South African Reserve Bank reports and other public databases that contain sustainability information of the JSE100 companies. The analysis was done by comparing the carbon metrics of the recognized seven (7) sectorial industry catergories (SIC) on the JSE, mainly Energy & Materials, Industrials, Consumer Staples, Consumer Discretionary, Financials, IT & Telecoms and Health Care. The major finding of the research is that there is a high carbon risk in short term loans compared to long term loans across the JSE100 companies that are analysed. More so, the Energy & Materials sector seem to have the highest carbon risk compared to the other sectors.

scholarly journals MINDFUL PUNISHMENT: What to do about the South African penal system, and why

2016 ◽  
Author(s):  
Todd R Clear
Keyword(s):  
South Africa ◽  
Criminal Justice ◽  
South African ◽  
Crime Control ◽  
The Other ◽  
Penal System ◽  
Community Based ◽  
Penal Reform ◽  
New System

Penal reform is crucial to South Africa’s long term crime control and criminal justice agendas. This article shows how the penal system could respond more ethically without an overwhelming investment of new resources. There are two strategies South Africa can employ to create a ‘mindful’ penal system. First, the length of sentences must be reduced. Second, a viable new system of community based (non-prison) penalties must be created. Neither strategy will be easy, but doing one without the other will fail.

scholarly journals Estimating the carbon emissions balance for South Africa

2011 ◽  
Vol 12 (3) ◽  
pp. 263-279 ◽  
Author(s):  
Alan Brent ◽  
Sibbele Hietkamp ◽  
Russell Wise ◽  
Kenney O’Kennedy
Keyword(s):  
Climate Change ◽  
South Africa ◽  
International Trade ◽  
Life Cycle ◽  
South African ◽  
Carbon Footprint ◽  
Carbon Emissions ◽  
Total Carbon ◽  
Input Output ◽  
International Climate

The carbon footprint of materials and products is becoming an increasingly important factor in international trade. At present the carbon emissions balance of the South African economy is not well understood, especially the carbon emissions associated with imports and exports. An investigation was done of known economic input-output and life cycle analyses models addressing this shortcoming. The results reveal that South Africa is a major exporter of carbon; at least 129 per cent more carbon is associated with a dollar earned with exports than a dollar spent on imports, and the carbon footprint of the outflows on average, equates 37 per cent of the total carbon emissions of the economy. Such figures have serious policy-related implications in a future where international climate-change trade limitations will become stricter and binding.

The Final ‘Thank You’

Derrida Today ◽  
2010 ◽  
Vol 3 (1) ◽  
pp. 21-36
Author(s):  
Grant Farred
Keyword(s):  
South Africa ◽  
South African ◽  
Jacques Derrida ◽  
Political Transition ◽  
The Other ◽  
World Cup ◽  
The Core ◽  
Nelson Mandela ◽  
Black President ◽  
The Moment

‘The Final “Thank You”’ uses the work of Jacques Derrida and Friedrich Nietzsche to think the occasion of the 1995 rugby World Cup, hosted by the newly democratic South Africa. This paper deploys Nietzsche's Zarathustra to critique how a figure such as Nelson Mandela is understood as a ‘Superman’ or an ‘Overhuman’ in the moment of political transition. The philosophical focus of the paper, however, turns on the ‘thank yous’ exchanged by the white South African rugby captain, François Pienaar, and the black president at the event of the Springbok victory. It is the value, and the proximity and negation, of the ‘thank yous’ – the relation of one to the other – that constitutes the core of the article. 1

scholarly journals Private retirement resorts in South Africa: Guidelines for wellness and sustainability in the long term.

2013 ◽  
Vol 32 (1) ◽  
Author(s):  
Andries C. Hauptfleisch
Keyword(s):  
South Africa ◽  
Knowledge Base ◽  
Quantitative Data ◽  
Qualitative Data ◽  
Well Being ◽  
The Other ◽  
Literature Study ◽  
Optimal Profile

Unsubsidised private retirement resorts in South Africa developed during the last three decades present residents with many challenges. There is no existing generally accepted knowledge base or guidelines to serve this sensitive market. The research objective was to establish which elements are experienced by residents of retirement resorts as satisfactory and which as problematic. A literature study was also undertaken. Quantitative as well as qualitative data were obtained by means of structured questionnaires, interviews and a seminar. The results reported pertain to eight resorts in the east of Pretoria, four in Bloemfontein and two in Knysna. The study is currently being extended to other centres. The quantitative data is arranged in order of the priorities set by the biggest group (Pretoria), with the other groups in comparison. So the research was based on the sourcing of quantitative and qualitative data, as well as on descriptive evaluations. The results offer insightful knowledge and guidelines towards establishing an optimal profile for the development of long-term sustainable private retirement resorts. The implications and value of this study are that both developers of retirement resorts and prospective residents are provided with guidelines to better equip them to evaluate a specific retirement resort with regard to the sustainable well- being of residents long-term.

Stability and Governability the Benign Effects of Party Dominance in South Africa

2020 ◽  
Vol 13 (1) ◽  
pp. 56-75
Author(s):  
Ainara Mancebo
Keyword(s):  
South Africa ◽  
South African ◽  
Trade Unions ◽  
African National Congress ◽  
The Other ◽  
Democratic Transitions ◽  
African Countries ◽  
National Congress ◽  
Independence Era ◽  
Party Dominance

A tripartite alliance formed by the African National Congress, the South African Communist Party and the Congress of South African Trade Unions has been ruling the country with wide parliamentarian majorities. The country remains more consensual and politically inclusive than any of the other African countries in the post-independence era. This article examines three performance’s aspects of the party dominance systems: legitimacy, stability and violence. As we are living in a period in which an unprecedented number of countries have completed democratic transitions, it is politically and conceptually important that we understand the specific tasks of crafting democratic consolidation.

Two new species ofSyllis(Polychaeta: Syllidae) from South Africa, one of them viviparous, with remarks on larval development and vivipary

2014 ◽  
Vol 94 (4) ◽  
pp. 729-746 ◽  
Author(s):  
Carol Simon ◽  
Guillermo San Martín ◽  
Georgina Robinson
Keyword(s):  
South Africa ◽  
New Species ◽  
South African ◽  
The Other ◽  
Coralline Algae ◽  
Colour Pattern ◽  
The Family ◽  
Two New Species ◽  
Haliotis Midae ◽  
Characteristic Colour

Two new species of South African Syllidae of the genusSyllisLamarck, 1818 are described.Syllis unzimasp. nov. is characterized by having unidentate compound chaetae with long spines on margin, a characteristic colour pattern and its reproduction by vivipary. Vivipary is not common among the polychaetes, but most representatives occur in the family Syllidae Grube, 1850 (in five otherSyllisspecies, two species ofDentatisyllisPerkins, 1981 and two species ofParexogoneMesnil & Caullery, 1818).Syllis unzimasp. nov. differs from the other viviparous species in having large broods (>44 juveniles) which develop synchronously. Development of the juveniles is similar to that of free-spawningSyllisspecies, but the appearance of the first pair of eyespots and the differentiation of the pharynx and proventricle occur later inS. unzima.Syllis amicarmillarissp. nov., is characterized by having an elongated body with relatively short, fusiform dorsal cirri and the presence of one or two pseudosimple chaeta on midbody parapodia by loss of blade and enlargement of shaft.Syllis unzimasp. nov. was found in high densities on culturedHolothuria scabraJaeger, 1833 with single specimens found on a culturedCrassostrea gigasThunberg, 1793 and on coralline algae, respectively, whileS. amicarmillariswas found mainly in sediment outside an abalone farm and less frequently on culturedHaliotis midaeLinnaeus, 1758. We discuss the possible benefits of the association withH. scabratoS. unzimasp. nov.

scholarly journals The protection of environmental interests through corporate governance: A South African company law perspective

2015 ◽  
Vol 11 (2) ◽  
pp. 8-20
Author(s):  
Anthony O. Nwafor
Keyword(s):  
South Africa ◽  
Sustainable Development ◽  
Corporate Governance ◽  
South African ◽  
Common Law ◽  
Company Law ◽  
The Common ◽  
Corporate Administrators ◽  
Environmental Interests

The quest to maximize profits by corporate administrators usually leaves behind an unhealthy environment. This trend impacts negatively on long term interests of the company and retards societal sustainable development. While there are in South Africa pieces of legislation which are geared at protecting the environment, the Companies Act which is the principal legislation that regulates the operations of the company is silent on this matter. The paper argues that the common law responsibility of the directors to protect the interests of the company as presently codified by the Companies Act should be developed by the courts in South Africa, in the exercise of their powers under the Constitution, to include the interests of the environment. This would guarantee the enforcement of the environmental interests within the confines of the Companies Act as an issue of corporate governance.

scholarly journals The impact of the credit legislation on consumers

2016 ◽  
Vol 6 (4) ◽  
pp. 503-509 ◽  
Author(s):  
Hlako Choma ◽  
Thifulufhelwi Cedric Tshidada ◽  
Tshegofatso Kgarabjang
Keyword(s):  
South Africa ◽  
South African ◽  
Consumer Protection ◽  
The Other ◽  
The South ◽  
Other Hand ◽  
Credit Agreement ◽  
Financial Obligation ◽  
The Impact ◽  
National Credit Act

The purpose of this paper is to examine two South Africa legislations dealing with over indebtedness of a consumer. It is clear that in terms of the South African law, section 129 (1) and 130 (3) of the National Credit Act provide that a creditor provider who wishes to enforce a debt under a credit agreement must first issue a section 129 (1) (a) notice to the consumer (the purpose of the notice is to notify the consumer of his/her arrears). On the other hand, the South African National Credit Act encourages the consumers to fulfil the financial obligations for which they are responsible. The second legislation to be examined which serve or appear to serve same purpose as the National Credit Act is the Insolvency Act. It therefore, postulated that the compulsory sequestration of a consumer in terms of the Insolvency Act would stand as an alternative remedy for a credit provider before she/he can have recourse mechanisms, such as debt review that are focused on satisfaction of the consumer’s financial obligation , in terms of the provisions of the National Credit Act. The paper determines to what extend these measures comply with the constitutional consumer protection demands. The legislature had been pertinently cognizant of the Insolvency Act when it lately enacted the National Credit Act. This is much apparent from the express amendment of section 84 of the Insolvency Act to the extent set out in schedule 2 of the National Credit Act

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

Corporate Structure, Industrial Development, and Structural Change in South Africa

2021 ◽  
pp. 348-374
Author(s):  
Pamela Mondliwa ◽  
Simon Roberts
Keyword(s):  
South Africa ◽  
South African ◽  
Industrial Development ◽  
Large Scale ◽  
Economies Of Scale ◽  
Corporate Structure ◽  
Continuity And Change ◽  
Economic Concentration ◽  
And Control

The orientation of large corporations is at the heart of how countries develop. These firms make large-scale investments and realize economies of scale and scope, as well as make long-term commitments to the learning and research necessary to build capabilities required for industrial development. In many industries and sectors the large firms have key technologies, govern access to markets, and control material inputs which can shape the structure of an economy. The chapter reviews the changing corporate structure in South Africa focusing on the implications for industrial development, the evolving internationalization of South African businesses, and the political economy of economic policy. While the South African economy has remained highly concentrated, the corporate structure has altered in fundamental ways. The chapter identifies key elements of continuity and change to explain the implications of the continued high levels of economic concentration for the economy through the lens of the corporate structure.

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