scholarly journals Financial Regulatory Governance in South Africa: The Move Towards Twin Peaks

2017 ◽  
Vol 25 (3) ◽  
pp. 393-417 ◽  
Author(s):  
Andrew Schmulow
Keyword(s):  
South Africa ◽  
South African ◽  
Financial System ◽  
System Stability ◽  
Regulatory Enforcement ◽  
Market Conduct ◽  
Regulatory Governance ◽  
Twin Peaks ◽  
Similarities And Differences ◽  
Financial Regulatory

This article examines the implementation of the Twin Peaks model of financial system regulation in South Africa, the purpose of which is to create a financial system stability regulator, and a financial system consumer protection and market conduct regulator. It examines the historical development of Twin Peaks and its regulatory enforcement principles. It then analyses the similarities and differences between Twin Peaks in Australia (upon which the South African reforms are based) and South Africa. Finally the article provides concluding observations.

scholarly journals Incentives for the manufacturing sector: what South Africa can learn from Malaysia and Singapore

2015 ◽  
Vol 8 (1) ◽  
pp. 105-124
Author(s):  
Lenatha Wentzel ◽  
Kerry De Hart
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
South African ◽  
Foreign Investment ◽  
Manufacturing Sector ◽  
South African Government ◽  
Manufacturing Companies ◽  
The South ◽  
African Government ◽  
Similarities And Differences

The expansion of the manufacturing sector is one of the South African government’s focus areas for economic growth and employment creation. The research on which this article is based identified additional incentives, applicable to the manufacturing sector, which the South African government could introduce to encourage investors to choose the South African manufacturing sector as a desired investment destination. The incentives provided to manufacturing companies by the governments of Malaysia and Singapore and those provided by the South African government are compared in order to examine the similarities and differences between these incentives. In the light of these findings, recommendations are made for additional incentives in South Africa to promote investment in South African manufacturing companies and reduce some of the barriers that prevent local and foreign investment in the country.

scholarly journals UBUNTU IN A POST-APARTHEID SOUTH AFRICAN CONTEXT

2011 ◽  
Author(s):  
Cornelia van Graan
Keyword(s):  
South Africa ◽  
South African ◽  
Indigenous People ◽  
Western Civilization ◽  
South African Context ◽  
African Context ◽  
Similarities And Differences ◽  
The Law

In this article, I attempt to determine the position and value of ubuntu in the law of post-apartheid South Africa as well as to determine how ubuntu compares to humanitarianism. To achieve this goal, I examine both ubuntu and humanitarianism but I go further than merely an examination of the two concepts in isolation; a determination of the similarities and differences also takes place. The terms to be used in this study will be ‘traditional ubuntu’, which refers to ubuntu as known and understood by the indigenous people of South Africa, and humanitarianism, as known in the Western civilization.

Twin Peaks 2.0: Avoiding Influence Over an Australian Financial Regulator Assessment Authority

2021 ◽  
pp. 0067205X2110398
Author(s):  
Andrew Schmulow ◽  
Paul Mazzola ◽  
Daniel de Zilva
Keyword(s):  
Financial System ◽  
Royal Commission ◽  
Regulatory Regime ◽  
Regulatory Capture ◽  
Financial Industry ◽  
Market Conduct ◽  
Twin Peaks ◽  
Current Design ◽  
The One ◽  
Sources Of Influence

Globally, financial system regulators are susceptible to deliberate and inadvertent influence by the industry that they oversee and, hence, are also susceptible to acting to benefit the industry rather than the public interest – a phenomenon known as ‘regulatory capture’. Australia, arguably, has an optimal model of financial system regulation (a ‘Twin Peaks’ model) comprising separate regulators for prudential soundness on the one hand, and market conduct and consumer protection on the other. However, the current design of the Twin Peaks model has not been sufficient to prevent and address prolonged and systemic misconduct that culminated in a public Royal Commission of Inquiry into misconduct in the industry. Subsequent to the Royal Commission and other inquiries, the Department of Treasury has proposed legislation to establish an Assessment Authority to assess the effectiveness of the Twin Peaks regulators. The proposal includes enquiries by an Assessment Authority into the regulators’ independence, so as to identify instances of, and thereby mitigate, their capture. As with all financial system regulators, the Assessment Authority itself may be susceptible to regulatory capture, either by the Twin Peaks regulators, or by the financial industry. Thus, this paper poses the question: how can the new Assessment Authority be optimally constituted by legislation, and operated, to effectively oversee the effectiveness of the regulators, but itself remain insulated from the influence of the regulators and industry? We analyse the primary sources of influence over financial system regulators that the Assessment Authority will likely face and recommend ways in which a robust design of the Assessment Authority can mitigate those sources of influence. In doing so, we adopt an inter-disciplinary approach, drawing upon not only regulatory theory but also for the first time in relation to this question, organisational psychology. Our findings address gaps in the proposed legislation currently before Federal Parliament and propose methods by which those gaps may be filled, in order to ensure that this important reform to Australia’s financial regulatory regime has the greatest chance of success.

scholarly journals Does Regulatory Governance Matter for Financial System Stability? An Empirical Analysis

2004 ◽  
Vol 04 (89) ◽  
pp. 1 ◽  
Author(s):  
Udaibir S. Das ◽  
Marc Quintyn ◽  
Kina Chenard ◽  
◽  
◽  
...  
Keyword(s):  
Empirical Analysis ◽  
Financial System ◽  
System Stability ◽  
Regulatory Governance

ROY CAMPBELL’S CHILDREN’S NOVEL, THE MAMBA’S PRECIPICE

Mousaion ◽  
2016 ◽  
Vol 34 (2) ◽  
pp. 83-97
Author(s):  
Elwyn Jenkins
Keyword(s):  
South Africa ◽  
Nineteenth Century ◽  
South African ◽  
South Coast ◽  
School Stories ◽  
Similarities And Differences ◽  
Adventure Stories ◽  
The Way

Roy Campbell’s The mamba’s precipice (1953), a novel for children, is his only prose work of fiction. This article examines three aspects of the book, namely its autobigraphical elements; its echoes of Campbell’s friendship with the writers Laurie Lee and Laurens van der Post; and its parallels with other English children’s literature. Campbell based the story on the holidays his family spent on the then Natal South Coast, and he writes evocative descriptions of the sea and the bush. The accounts of feats achieved by the boy protagonist recall Campbell’s self-mythologising memoirs. There are similarities and differences between The mamba’s precipice and the way Van der Post wrote about Natal in The hunter and the whale (1967). Campbell’s novel in some respects resembles nineteenth-century children’s adventure stories set in South Africa, and it also has elements of the humour typical of school stories of the ‘Billy Bunter’ era and the cosy, mundane activities and dialogue common to other mid-century South African and English children’s books.

scholarly journals The embedded indexical value of /s/-fronting in Afrikaans and South African English

Linguistics ◽  
2017 ◽  
Vol 55 (5) ◽  
Author(s):  
Ian Bekker ◽  
Erez Levon
Keyword(s):  
South Africa ◽  
South African ◽  
Social Indicator ◽  
Anecdotal Evidence ◽  
Speech Communities ◽  
Similarities And Differences ◽  
Woman's Voice ◽  
Evaluative Reactions

AbstractThis paper examines the indexical value of /s/-fronting in White Afrikaans and in White South African English (WSAfE). Prior research on this feature has shown that fronted articulations of /s/ in WSAfE serve as a regional and social indicator of the wealthy northern suburbs of Johannesburg, and anecdotal evidence suggests that the feature carries a similar meaning in White Afrikaans. This study therefore aims to examine whether the variable carries similar meanings across the two languages. Data are based on the evaluative reactions toward different experimental stimuli that were presented to 214 Afrikaans-English bilinguals in South Africa during a modified matched-guise task. The results indicate that /s/-fronting in a man’s voice is perceived in similar terms in White Afrikaans and WSAfE though it carries somewhat different meanings across the two languages when it occurs in a woman’s voice, a difference related in turn to different approaches to gender across the two speech communities. The results of this research, and the indexical value of /s/-fronting in the two languages, are therefore only understandable in terms of certain sociohistorical and sociological differences between the two speech communities. The article ends with some discussion relating to the possible source of the relevant similarities and differences, i.e., parallel innovation or sociophonetic transfer.

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