Petrol price regulation in South Africa: Is it meeting its intended objectives?

The South African liquid fuels industry is a significant part of the economy. Historically, government policy focused on import substitution industrialization to support industry margins. This approach is called into question by the 2006 shift from net exports to imports and by inflated downstream regulated margins. This study focuses on the regulated petrol price. Import parity pricing regulation has not kept pace with market changes. A policy shift in 1998 towards market-related pricing has not materialized. Instead, regulated margins have increased over the last 20 years in real terms, partly attributable to methodological errors in the regulatory accounting system. The long-term excess of service stations persists despite declining petrol and diesel volumes between 2005 and 2019. Estimates suggest that the petrol price could be lower by 0.70–0.80 rands/litre. Price deregulation is inhibited by political regulation and social policies entangled in regulation.

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When Political Transitions Work

10.1093/oso/9780190881856.001.0001 ◽

2018 ◽

Author(s):

Fanie du Toit

Keyword(s):

South African ◽

Well Being ◽

Transition To Democracy ◽

Political Transitions ◽

Political Reconciliation ◽

Peace Processes ◽

Theoretical Approaches ◽

African Experience ◽

The One

Reconciliation emphasizes relationships as a crucial ingredient of political transition; this book argues for the importance of such a relational focus in crafting sustainable political transitions. Section I focuses on South Africa’s transition to democracy—how Mandela and De Klerk persuaded skeptical constituencies to commit to political reconciliation, how this proposal gained momentum, and how well the transition resulted in the goal of an inclusive and fair society. In developing a coherent theory of reconciliation to address questions such as these, I explain political reconciliation from three angles and thereby build a concept of reconciliation that corresponds largely with the South African experience. In Section II, these questions lead the discussion beyond South Africa into some of the prominent theoretical approaches to reconciliation in recent times. I develop typologies for three different reconciliation theories: forgiveness, agonism, and social restoration. I conclude in Section III that relationships created through political reconciliation, between leaders as well as between ordinary citizens, are illuminated when understood as an expression of a comprehensive “interdependence” that precedes any formal peace processes between enemies. I argue that linking reconciliation with the acknowledgment of interdependence emphasizes that there is no real alternative to reconciliation if the motivation is the long-term well-being of one’s own community. Without ensuring the conditions in which an enemy can flourish, one’s own community is unlikely to prosper sustainably. This theoretical approach locates the deepest motivation for reconciliation in choosing mutual well-being above the one-sided fight for exclusive survival at the other’s cost.

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Survey frequency affects the estimates and conclusions of long-term changes in waterbird populations: a case study from a South African wetland

Biodiversity and Conservation ◽

10.1007/s10531-019-01828-2 ◽

2019 ◽

Vol 28 (13) ◽

pp. 3429-3443

Author(s):

Dominic A. W. Henry ◽

Timothy G. O’Connor

Keyword(s):

South African ◽

Long Term Changes

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The incorporation of actuarial expertise in overall audit strategies for listed South African long‐term insurers

Meditari Accountancy Research ◽

10.1108/10222529200600016 ◽

2006 ◽

Vol 14 (2) ◽

pp. 113-130 ◽

Cited By ~ 2

Author(s):

S.P.J. von Wielligh

Keyword(s):

South African

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Women Living a Discourse of Resistance: South African Islamist Biographies as Journeys of Everyday Political Islam

Journal of Religion in Africa ◽

10.1163/15700666-12340160 ◽

2021 ◽

Vol 49 (2) ◽

pp. 123-144

Author(s):

Gadija Ahjum

Keyword(s):

South African ◽

Public Engagement ◽

Political Islam ◽

Religious Discourse ◽

Everyday Realities

Abstract For many Muslim South African antiapartheid activists, a renewed understanding of religion in the form of Islamist ideology provided purpose, perseverance, and direction. Becoming part of a collective shaped and informed their public engagement with religion. This paper shows how they used religious discourse to navigate the complexities and ambiguities within their private domains while embarking on an Islamist journey. By suggesting that South African Islamism can best be viewed as the sum of a multitude of journeys of everyday political Islam, this paper argues for an approach that examines a long-term narrative, takes heed of perfectionist ideals, and remains cognizant of everyday realities.

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Increasing Access or Widening Choice: The Role of Resold Public-Sector Dwellings in the Housing Market

Environment and Planning A Economy and Space ◽

10.1068/a241585 ◽

1992 ◽

Vol 24 (11) ◽

pp. 1585-1598 ◽

Cited By ~ 5

Author(s):

N J Williams ◽

F E Twine

Keyword(s):

Public Sector ◽

Housing Market ◽

Housing Policy ◽

Housing Association ◽

Lower Income ◽

General Government ◽

Policy Shift ◽

Long Term Impact

British housing policy has, since 1979, been dominated by a shift from collectivist to market-oriented strategies. The single most important element of this policy shift has been the sale of public-sector dwellings to sitting tenants. The patterns of such sales have been well documented, but the longer-term effects on the broader housing market are less well understood. This paper is a report of the results of a research project into the resale by purchasing tenants of Scottish Special Housing Association dwellings over the period 1979–90. The findings are placed in the broader context of the general government housing policy aimed at widening the access to owner occupation for lower-income households. The authors conclude that the long-term impact of the sale of public-sector dwellings is more likely to widen choice for existing owners rather than to increase access to owner occupation.

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Morphology and long-term landscape evolution of the South African plateau in South Namibia

CATENA ◽

10.1016/j.catena.2016.02.012 ◽

2016 ◽

Vol 142 ◽

pp. 47-65 ◽

Cited By ~ 12

Author(s):

François Mvondo Owono ◽

Marie-Joseph Ntamak-Nida ◽

Olivier Dauteuil ◽

François Guillocheau ◽

Bernard Njom

Keyword(s):

South African ◽

Landscape Evolution ◽

The South

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

Corporate Board role duties and composition ◽

10.22495/cbv11i2art1 ◽

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.

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FSBu 25/2018 “Accounting for Leases” and IFRS 16 “Leases”: A comparative Analysis of Key Provisions

Accounting Analysis Auditing ◽

10.26794/2408-9303-2019-6-6-42-51 ◽

2020 ◽

Vol 6 (6) ◽

pp. 42-51

Author(s):

V. S. Plotnikov ◽

O. V. Plotnikova

Keyword(s):

Structural Information ◽

Balance Sheet ◽

Financial Statements ◽

Practical Significance ◽

Accounting System ◽

The Subject ◽

The Cost ◽

Lease Accounting ◽

Comparative Description

The article is devoted to the problem of accounting reflection of rental relations, which has been the subject of discussion by professional accountants for more than 100 years. At present, more standards are devoted to this problem in world practice than to other accounting objects. Nevertheless, a number of issues remain unresolved. The methodological framework of the study is based on a comparative description of the provisions of IFRS 16 “Leases” and FSBU 25/2018 “Accounting for Leases” and includes a new institutional theory, Conceptual framework for the presentation of financial statements. The research methodology provides for the reclassification of balance sheet items, which allows for significant structural information regarding the reflection of rental objects. The analysis revealed the following differences in standards: the Russian FSBU 25/2018 unreasonably introduces accounting for leasing transactions into the financial lease accounting system; insufficiently convincingly and without proper evidence the issues of identification of financial lease accounting objects are covered. The prospective direction of accounting for financial leases is the possibility of reflecting the property transferred by the lessee as an element of the cost of financial capital, at the same time, the tenant’s long-term obligations should be recognized as existing obligations. The practical significance of the study is determined by the possibility of reducing the level of debt in the balance of the parties to the lease transaction.

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PROBLEMS OF ACCOUNTING FIXED ASSETS AT THE ENTERPRISE

Young Scientist ◽

10.32839/2304-5809/2020-11-87-44 ◽

2020 ◽

Vol 11 (87) ◽

Author(s):

Iryna Feofanova ◽

◽

Olgha Antonova ◽

Keyword(s):

Production Capacity ◽

Economic Resources ◽

Economic Conditions ◽

Accounting System ◽

Normative Documents ◽

Initial Stage ◽

Fixed Assets ◽

Modern Economic ◽

Effective Use

The article is devoted to topical issues of improving the methodology and organization of fixed assets accounting. Fixed assets play a huge role in the labor process, as they together form the production – technical base and determine the production capacity of the enterprise. Their condition directly affects the activities of the enterprise, namely its continuous operation. Over a long period of use, fixed assets enter the enterprise and are put into operation; wear out as a result of operation; are repaired, by means of which their physical qualities are restored; leave the enterprise due to obsolescence or inexpediency of further use. Fixed assets used in enterprises in modern economic conditions are one of the most important economic resources. Fixed assets, formed at the initial stage of the organization, require constant management. In the process of accounting at enterprises there are a number of problems of methodological and practical nature in the organization of accounting, valuation and depreciation of fixed assets. In the course of writing the article, the economic characteristics and concepts of fixed assets, theoretical aspects of fixed assets accounting, normative documents related to the researched problem were investigated. The analysis of fixed assets can be carried out in several areas, the development of which in the complex allows to assess the structure, dynamics and efficiency of fixed assets and long-term investments. Options for solving problems in accordance with modern economic conditions are revealed. The correct organization of accounting of fixed assets ensures the efficiency of their use, the timeliness of determining and reflecting transactions with changes that occur with them, the completeness of the reflection of these changes in value terms in accounting. Thus, the fixed asset accounting system needs to be improved. A comprehensive approach to the organization of fixed assets accounting is needed, which is able to provide the necessary conditions and opportunities for the use of valuable accounting information to make management decisions on the evaluation and effective use of fixed assets.

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