scholarly journals South African bonds as an alternative diversification asset for developed bond markets

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Rogan Pietersen ◽  
Ilse Botha
Keyword(s):  
Financial Markets ◽  
South African ◽  
Quantitative Research ◽  
Bond Market ◽  
Bond Markets ◽  
The South ◽  
Quasi Experimental ◽  
Short Run ◽  
Managerial Implications

Orientation: Globalisation of financial markets has made it progressively more difficult for effective diversification to exist, and as a result portfolio managers are in need of alternative diversification opportunities.Research purpose: Developed financial markets are more likely to be integrated with one another, and better diversification opportunities may be found in emerging markets.Research motivation: Limited research focuses on bond market diversification, and most research does not include South Africa as a diversification destination. This research examines whether developed bond market investors could use South African bonds to diversify their portfolios.Research design, approach and method: This article follows a quantitative research design with a causal-comparative or quasi-experimental approach. The econometric method used was primarily co-integration analysis establishing whether diversification opportunities exist between the South African bond market and five developed bond markets.Main findings: Overall, the findings showed that there was no co-integrating relationship between the South African bond market and developed bond markets, indicating that diversification may be possible in the long term. Furthermore, it was found that the South African bonds were less affected by short-term shocks compared with the developed market bonds.Practical/managerial implications: The results of this study indicated that South African bonds can be used to diversify a developed bond market investors portfolio. Developed bond market traders and fund managers should therefore consider holding South African bonds as a means of reducing their portfolio’s overall risk.Contribution/value-add: Holding South African bonds can be used to preserve a portfolio’s long-term wealth. Additionally, the resistance of South African bonds to short-run shocks also provides investors with a cushion against sudden and unexpected crises.

scholarly journals Assessing cultural intelligence, personality and identity amongst young white Afrikaans-speaking students: A preliminary study

2015 ◽  
Vol 13 (1) ◽  
Author(s):  
Natasha Nel ◽  
J. Alewyn Nel ◽  
Byron G. Adams ◽  
Leon T. De Beer
Keyword(s):  
South Africa ◽  
Ethnic Identity ◽  
South African ◽  
Religious Identity ◽  
Quantitative Research ◽  
Cultural Intelligence ◽  
Factor Model ◽  
The South ◽  
Cross Sectional ◽  
Managerial Implications

Orientation: Cultural intelligence (CQ) is a relatively new construct to academia that has recently gained increasing attention. Its relevance in a multicultural context like South Africa is apparent since cultural interaction between different ethnic groups is unavoidable.Research purpose: The objective of this research is to determine the relationship between personality, identity and CQ amongst young Afrikaans-speaking South Africans.Research approach, design and method: A quantitative research design was used in this study. This study was cross-sectional in nature. For the purpose of this study, a sample of young South African university students (N = 252) was used. The personal identity subscale from the Erickson Psychosocial Stage Inventory, the Multi-Ethnic Identity Measure, the Religious Identity Short Scale, the South African Personality Inventory questionnaire and the Four Factor Model of Cultural Intelligence Scale were applied as the measuring instruments.Main findings: Religious identity and ethnic identity have a relationship with cognitive CQ. Soft-heartedness and conscientiousness have a relationship with behavioural CQ. Also, soft-heartedness, facilitating, extroversion and religious identity have a relationship with motivational CQ.Practical/managerial implications: Organisations within South Africa will gain a better understanding of CQ and the benefits of having a culturally intelligent workforce as a strengths-based approach. Culturally intelligent employees will be able to adjust to working with co-workers from another culture, not feel threatened when interacting with co-workers and clients and be able to transfer knowledge from one culture to another, which will aid the organisation in completing overseas assignments, cross-cultural decision-making, leadership in multicultural environments and managing international careers.Contribution/value-add: CQ is a relatively new concept and empirical research on positive subjects is still very limited. Research on personality, identity and CQ within the South African context is still very limited. Therefore, this study will contribute to literature on positive psychology and cultural intelligence.

South African economy faces severe recession in 2020

2020 ◽  
Keyword(s):  
Financial Markets ◽  
South African ◽  
Bond Market ◽  
The South ◽  
Bond Prices ◽  
Content Type ◽  
Borrowing Costs ◽  
Reserve Bank ◽  
The Government ◽  
Severe Recession

Significance The announcement will put further pressure on South Africa’s already stressed financial markets. The rand and bond prices fell sharply yesterday, raising questions about whether the downgrade had indeed already been priced in by the market. Impacts The South African Reserve Bank (SARB) may have to take further measures in the coming weeks to stabilise markets. The recent bond market crash means that borrowing costs will go up across the economy and will weigh on banks' ability to fund customers. The government and the SARB will likely be forced soon to unveil further measures to support businesses and the growing unemployed.

Fast growth will support Central European asset prices

2018 ◽  
Keyword(s):  
Emerging Markets ◽  
Financial Markets ◽  
Euro Area ◽  
Asset Prices ◽  
Bond Market ◽  
Bond Markets ◽  
Monetary Policies ◽  
Content Type ◽  
Central European

Subject The muted impact on Central Europe’s financial markets of this month’s sharp declines in asset prices in Russia and Turkey. Significance Much harsher US sanctions on Russia, together with Turkey’s continued loss of policy credibility, have led Russian and Turkish stocks to plunge by nearly 12.0% and 7.5%, respectively, in dollar terms since the start of April. This contrasts with rises in Polish (5.5%), Czech (3.3%) and Hungarian (2.0%) equities, and a slight decline for the MSCI Emerging Markets (EM) index. Central Europe’s vulnerability is rather to the recent slowdown in growth in the euro-area; the ECB’s ultra-loose monetary policies are providing support to the region’s bond markets. Impacts The VIX Index ‘fear gauge’ is back below its long-term average and is at its lowest level since the outbreak of volatility in late January. The latest reading from Germany’s ZEW Index shows a majority of investors now expecting the country’s economic prospects to deteriorate. Turkey’s high-yielding local bond market has managed to attract nearly 900 million dollars of foreign inflows so far this year.

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

CATENA ◽  
2016 ◽  
Vol 142 ◽  
pp. 47-65 ◽  
Author(s):  
François Mvondo Owono ◽  
Marie-Joseph Ntamak-Nida ◽  
Olivier Dauteuil ◽  
François Guillocheau ◽  
Bernard Njom
Keyword(s):  
South African ◽  
Landscape Evolution ◽  
The South

scholarly journals Analysis of the Keynesian Theory of Employment and Sectoral Job Creation: The Case of the South African Manufacturing Sector

2018 ◽  
Vol 18 (1) ◽  
pp. 123-143
Author(s):  
Thomas Habanabakize ◽  
Paul-Francois Muzindutsi
Keyword(s):  
South African ◽  
Manufacturing Sector ◽  
Job Creation ◽  
The South ◽  
Economic Sectors ◽  
Vector Autoregressive ◽  
Integration Approach ◽  
Long Run ◽  
Short Run ◽  
Investment Spending

Abstract The manufacturing sector is one of the backbones of the South African economy, and yet is one of the economic sectors facing challenges in job creation. This study analysed the long-run and short-run effects of aggregate expenditure components on job creation in the South African manufacturing sector. A Vector Autoregressive (VAR) with Johansen co-integration approach was used to analyse quarterly data from 1994 to 2015. The findings are that there is a long-run relationship between aggregate expenditure and job creation in the South African manufacturing sector, with government and investment spending being the major components of aggregate expenditure that create jobs in the South African manufacturing sector. Conversely, consumption spending destroys jobs in the manufacturing sector, while net exports have no significant effect on job creation. The short-run relationship between variables was not significant. Recommendations are that more effort should be put into investment spending, and government should spend more on investment than on consumption spending - in order to increase job creation in the manufacturing sector.

scholarly journals Self-perceived employability among undergraduate students at a South African university

2021 ◽  
Vol 19 ◽  
Author(s):  
Doret Botha
Keyword(s):  
South Africa ◽  
South African ◽  
Undergraduate Students ◽  
Survey Design ◽  
The Self ◽  
The South ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Perceived Employability ◽  
Managerial Implications

Orientation: South Africa has been suffering from persistently high levels of unemployment since 2008. The youth is regarded as the most at-risk group in the South African labour market and unemployment amongst the youth is considered one of the most critical socio-economic problems in South Africa. Increasing one’s employability is essential to securing employment and enhancing one’s well-being.Research purpose: This study aimed to explore the self-perceived employability of undergraduate students at a South African university.Motivation for the study: Currently, there is a scarcity of published research on the self-perceived employability amongst undergraduate students at higher education institutions in South Africa.Research approach/design and method: The study was conducted within a positivistic research paradigm. A quantitative-based cross-sectional survey design was used. Convenience sampling was used to select the students who were included in the survey. Data were collected through a web-based survey, using a standardised coded questionnaire that consisted of a five-point Likert-type scale.Main findings: The results indicated that the respondents were relatively confident about their internal employability, but they were less confident about their opportunities in the external labour market.Practical/managerial implications: Understanding one’s employability and the accompanied issues creates awareness of one’s potential, skills and knowledge to become a successful citizen and employee.Contribution/value-add: The study shed light on the self-perceived employability of undergraduate students at a South African university and consequently contributes to the existing literature on employability in the South African context.

scholarly journals Whistleblowing: Impediments to effective implementation within the South African public sector

2011 ◽  
Vol 8 (3) ◽  
pp. 196-208 ◽  
Author(s):  
Nirmala Dorasamy ◽  
Soma Pillay
Keyword(s):  
Public Sector ◽  
South African ◽  
Public Service ◽  
Justice System ◽  
Quantitative Research ◽  
Code Of Conduct ◽  
The South ◽  
The Public ◽  
Effective Implementation ◽  
The Cost

This purpose of this article is to explore impediments to effective whistleblowing as a strategy for promoting anti-corruption practices within the South African public sector. Corruption, which violates the public service code of conduct; deters foreign investment, increases the cost of public service delivery, undermines the fight against poverty and unnecessarily burdens the criminal justice system. The article addresses the question on whether legislation on whistleblowing is adequate to encourage whistleblowing in the public sector. A review of literature determines that the effective implementation of whistleblowing legislation is largely dependent on addressing the challenges identified in the article. The quantitative research method was employed in the study to ascertain the views of employees in the public sector on whistleblowing. Empirical findings confirm the hypothesis that the protection of whistleblowers through legislation is inadequate to encourage whistleblowing. The article provides a conceptual framework for the effective achievement of the intended outcomes of whistleblowing in the public sector.

scholarly journals UNDERSTANDING THE SOUTH AFRICAN FINANCIAL MARKETS: AN OVERVIEW OF THE REGULATORS

Obiter ◽  
2021 ◽  
Vol 31 (3) ◽  
Author(s):  
Lynette Swart ◽  
Vivienne A Lawack-Davids
Keyword(s):  
Financial Markets ◽  
South African ◽  
Regulatory Framework ◽  
The Body ◽  
Regulatory Environment ◽  
The South ◽  
Body Of Knowledge

This article examines the regulatory framework pertaining to the South African financial markets. The authors explain selected terminology and provide an overview of regulators in order to create an understanding of the regulatory environment to enhance transparency and add to the body of knowledge in financial markets law.

scholarly journals Which News Moves the Euro Area Bond Market?

2009 ◽  
Vol 10 (1) ◽  
pp. 1-31 ◽  
Author(s):  
Magnus Andersson ◽  
Szabolcs Sebestyén ◽  
Lars Jul Overby
Keyword(s):  
Monetary Policy ◽  
Euro Area ◽  
Bond Market ◽  
Bond Markets ◽  
Market Responses ◽  
Macroeconomic Announcements ◽  
Bond Futures

AbstractThis paper explores a long dataset (1999-2005) of intraday prices on German long-term bond futures and examines market responses to major macroeconomic announcements and ECB monetary policy releases. German bond markets tend to react more strongly to the surprise component in US macro releases compared with aggregated and national euro area and UK releases, and the strength of those reactions to US releases has increased over the period considered. We also document that the numbers of German unemployed workers consistently have been known to investors before official releases.

Application of Wetland-Based Entrepreneurship Orientation and Entrepreneurial Competence to Increase MSME Income in Wetlands

2021 ◽  
Vol 4 (6) ◽  
pp. 551-560
Author(s):  
Hastin Umi Anisah ◽  
Isnawati ◽  
Rifqi Novriyandana ◽  
Muchammad Yusup
Keyword(s):  
Entrepreneurial Orientation ◽  
Research Method ◽  
Quantitative Research ◽  
The South ◽  
Expected Result ◽  
Policy Consideration ◽  
Quantitative Research Method

This study aims to determine and analyze the application of wetland-basedentrepreneurial orientation and entrepreneurial competence to increase MSMEincome. With the increase in the income of MSMEs, it is expected to improve thewelfare of MSMEs. Quantitative research method used in this research with PLSanalysis technique. As for the long term, MSME actors, in this case "Nipah Leaf"craftsmen, can have entrepreneurial competence so that they can increase theincome of MSME actors. The expected result is an academic justification for therole of wetland-based entrepreneurial orientation and entrepreneurialcompetence in increasing MSME income. The results of this study are expectedto be a policy consideration taken by the South Kalimantan Regional Governmentas a program to increase MSME income. The results of the research are alsoexpected to be able to advocate for the craftsmen of "Daun Nipah" to have anentrepreneurial orientation based on wetlands and entrepreneurial competence.

Sign in / Sign up

Export Citation Format

Share Document