scholarly journals INDIVIDUAL INVESTOR RISK TOLERANCE FROM A BEHAVIOURAL FINANCE PERSPECTIVE IN GAUTENG, SOUTH AFRICA

2021 ◽  
Vol 11 (4) ◽  
pp. 53-65
Author(s):  
Anzel van den Bergh-Lindeque ◽  
Sune Ferreira-Schenk ◽  
Zandri Dickason-Koekemoer
Keyword(s):  
South Africa ◽  
Risk Tolerance ◽  
Individual Investor ◽  
Behavioural Finance

scholarly journals Derivatives in South Africa – an empirical investigation

2011 ◽  
Vol 1 (1) ◽  
pp. 68-84
Author(s):  
Stefan Schwegler ◽  
Suzette Viviers
Keyword(s):  
South Africa ◽  
Financial Markets ◽  
Financial Services ◽  
Empirical Investigation ◽  
Risk Tolerance ◽  
Financial Services Industry ◽  
Price Determination ◽  
Over The Counter ◽  
Derivative Instruments ◽  
Level Of Risk

This paper, which is the second of a two-part series, presents the empirical findings of testing a number of variables influencing investors’ decisions to use derivatives in their portfolios. Five variables were deemed very important by a sample of 21 experts in the financial services industry in South Africa. These were: the level of information available (including the transparency of price determination); investor’s knowledge of different derivative instruments; investor’s level of risk tolerance; the level of liquidity in the market; and investor’s knowledge of and familiarity with financial markets. Education is required to change negative sentiments regarding derivatives and more regulation is called for, especially in over-the-counter markets.

scholarly journals Variables influencing the use of derivatives in South Africa – the development of a conceptual model

2011 ◽  
Vol 1 (1) ◽  
pp. 52-67 ◽  
Author(s):  
Stefan Schwegler ◽  
Suzette Viviers
Keyword(s):  
South Africa ◽  
Financial Markets ◽  
Conceptual Model ◽  
Risk Tolerance ◽  
Price Determination ◽  
Product Availability ◽  
Derivative Instruments ◽  
Asset Classes ◽  
Level Of Risk

This paper, which is the first in a two-part series, sets out the development of a conceptual model on the variables influencing investors’ decisions to use derivatives in their portfolios. Investor-specific variables include: the investor’s needs, goals and return expectations, the investor’s knowledge of financial markets, familiarity with different asset classes including derivative instruments, and the investor’s level of wealth and level of risk tolerance. Market-specific variables include: the level of volatility, standardisation, regulation and liquidity in a market, the level of information available on derivatives, the transparency of price determination, taxes, brokerage costs and product availability.

scholarly journals IMPACT OF BEHAVIOURAL BIASES IN CHOOSING INVESTMENT AVENUES: AN EMPIRICAL STUDY

2021 ◽  
pp. 162-167
Author(s):  
Rachit Agarwal
Keyword(s):  
Cognitive Psychology ◽  
Empirical Study ◽  
Real Time ◽  
T Test ◽  
Individual Investor ◽  
Behavioral Factors ◽  
Behavioural Finance ◽  
Standard Questionnaire ◽  
Behavioural Factors ◽  
Investment Process

The behaviour of an individual investor is expansively influenced by different biases that came into limelight in the rising regulation of behaviour finance. In finance, behavioural finance is the latest regulation that studies the cognitive psychology of the decisions that are taken by an individual related to money. The theory of standard economic had evolved this in its response and it has the ability to presume that people are sensible, prefers low risks investments and maximises their profits. In real time scenario it is seen that people are not that sensible when they make their decisions during the investment process. There are different behavioral biases factors that influence the investors while choosing their investment avenues. The objective of the study is to know the behavioural factors that affect the decision of the Investors and their impact on the investor in choosing the investment avenues. A sample of 273 respondents were taken in which Investors from different sector were surveyed with the help of standard questionnaire. Mean and t test was used to get appropriate results. It is found that there are different behavioral factors such as mood, emotional, heuristic, personality and overconfidence that influence the investors while making his investments and all the behavioural biases has a significant impact on the process of choosing the investment avenues. KEYWORDS: Behavioural Biases, Behavioural Finance, Investment Avenues, Investors.

Time and Latitude in South Africa

1972 ◽  
Vol 1 ◽  
pp. 27-38
Author(s):  
J. Hers
Keyword(s):  
South Africa ◽  
Cape Town ◽  
Astronomical Observations ◽  
Royal Observatory ◽  
The Republic ◽  
Astronomical Determination ◽  
Limited Accuracy ◽  
Better Than

In South Africa the modern outlook towards time may be said to have started in 1948. Both the two major observatories, The Royal Observatory in Cape Town and the Union Observatory (now known as the Republic Observatory) in Johannesburg had, of course, been involved in the astronomical determination of time almost from their inception, and the Johannesburg Observatory has been responsible for the official time of South Africa since 1908. However the pendulum clocks then in use could not be relied on to provide an accuracy better than about 1/10 second, which was of the same order as that of the astronomical observations. It is doubtful if much use was made of even this limited accuracy outside the two observatories, and although there may – occasionally have been a demand for more accurate time, it was certainly not voiced.

Combining Professional Interests and Travel: People to People Citizen Ambassador Program

2011 ◽  
Vol 1 (2) ◽  
pp. 47-54
Author(s):  
Alex Johnson ◽  
Amanda Hitchins
Keyword(s):  
South Africa ◽  
Health Education ◽  
Communication Disorders ◽  
Social Conditions ◽  
Speech Language Pathologists ◽  
Exchange Program

Abstract This article summarizes a series of trips sponsored by People to People, a professional exchange program. The trips described in this report were led by the first author of this article and include trips to South Africa, Russia, Vietnam and Cambodia, and Israel. Each of these trips included delegations of 25 to 50 speech-language pathologists and audiologists who participated in professional visits to learn of the health, education, and social conditions in each country. Additionally, opportunities to meet with communication disorders professionals, students, and persons with speech, language, or hearing disabilities were included. People to People, partnered with the American Speech-Language-Hearing Association (ASHA), provides a meaningful and interesting way to learn and travel with colleagues.

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