scholarly journals Changes in stakeholder dynamics and salience during a mining disaster

2017 ◽  
Vol 48 (4) ◽  
pp. 71-81
Author(s):  
J. Engelbrecht ◽  
A. Thomas
Keyword(s):  
Corporate Governance ◽  
South African ◽  
Narrative Analysis ◽  
Stakeholder Analysis ◽  
Mining Industry ◽  
Historical Event ◽  
Sociological Research ◽  
Stakeholder Identification ◽  
Platinum Mining ◽  
The Impact

The objective of the study was to illustrate the consequences of management oversight, as an element of poor corporate governance, of timeous stakeholder identification and engagement during a South African mining crisis. A secondary objective was to apply Quantitative Narrative Analysis (QNA), a methodology thus far mainly used in sociological research, to the understanding of this governance problem.An historical event in the South African platinum mining industry, the Marikana mining disaster, served as the unit of analysis for this case study. By utilising QNA, changes in stakeholder dynamics and salience were identified, based on available narrative from South African and UK newspaper articles spanning the period 1-24 August, 2012. The historical timeline of events and consequences were plotted, the main actors identified and the relationships between the actors and the events, mapped. A stakeholder analysis took the form of graphical stakeholder models, facilitating meaningful interpretation of the effects of the events that occurred. A typology of stakeholder categorisation was used to plot how the classification of stakeholders changed during the course of 24 days.The methodology used lays foundations for future methodological applications of QNA within stakeholder theory and presents opportunities for improved understanding of the impact of stakeholders on a company and on each other during a crisis event. The study contributes, practically, to an understanding of the importance of stakeholder identification and engagement during times of crises in order to assist leaders in engaging appropriately and timeously with different stakeholders groups, thereby promoting sound corporate governance.

The impact of the integrated reporting framework on corporate social responsibility (CSR) disclosures – the case of South African mining companies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Barry Ackers ◽  
Susanna Elizabeth Grobbelaar
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
South African ◽  
Mining Industry ◽  
Integrated Reporting ◽  
Content Type ◽  
Stakeholder Orientation ◽  
Mining Companies ◽  
Corporate Social ◽  
The Impact

Purpose Despite initially being lauded as a revolutionary approach for companies to account to all stakeholders, the shareholder orientation of the international integrated reporting (<IR>) framework gave rise to questions about whether integrated reports would still sufficiently disclose pertinent corporate social responsibility (CSR) information. This paper aims to investigate the extent to which the <IR> framework has impacted the CSR disclosures contained in integrated reports of South African mining companies. Design/methodology/approach The study deployed a mixed methods research approach, involving thematic content analysis of the CSR disclosures contained in the integrated reports of mining companies with primary listings on the Johannesburg Stock Exchange. The resultant qualitative data were subsequently analysed using a T-test of difference. Findings The study observes that the release of the <IR> framework appears to have had a limited impact on the CSR disclosures in the integrated reports of most companies included in the study. However, where significant differences were identified, the CSR disclosures of some companies were positively impacted after the release of the <IR> framework, whilst others were negatively impacted. Research limitations/implications As South Africa is acknowledged as a leader in the global <IR> movement, the paper’s observations have global relevance and suggest that the fundamental principles of <IR> should be reconsidered to improve the alignment with stakeholders’ information needs, as originally conceived. Originality/value Despite the shareholder orientation of the <IR> framework, the global mining industry is acknowledged as being at the forefront of implementing CSR interventions to mitigate the adverse impacts of their operations on stakeholders, supporting a stakeholder orientation. As the adoption of <IR> continues to gain traction around the world, this paper’s contribution is that it represents one of the few papers to use the global reporting initiative G4 indicators to specifically examine the impact of <IR> framework on the CSR disclosures on the South African mining industry, where both <IR> and CSR reporting are quasi-mandatory disclosure requirements.

Empire and High Finance: South Africa and the International Gold Standard 1890–1914

1982 ◽  
Vol 23 (4) ◽  
pp. 529-548 ◽  
Author(s):  
Jean Jacques Van-Helten
Keyword(s):  
South Africa ◽  
South African ◽  
Gold Standard ◽  
Financial Crises ◽  
Mining Industry ◽  
International Liquidity ◽  
Monetary Relations ◽  
Marketing Costs ◽  
Gold Producer ◽  
The Impact

Within twelve years of the discovery of gold on the Witwatersrand in 1886 the Transvaal was producing over one quarter of the world's annual output of gold. The Transvaal's emergence as a major gold producer took place at a time when global monetary relations were dominated by the operations of the gold standard. This article illustrates the impact of the Witwatersrand discoveries on the working of the international gold standard to 1914 and suggests that newly mined gold from South Africa eased international liquidity problems by facilitating an expansion of the gold base and money supplies without the dangers of inflation. Transvaal gold was shipped to London and sold in the City's bullion market. The establishment by South African mining companies of a complex London network of brokerage, insurance, refining and marketing facilities of gold is considered in detail. It is demonstrated that, when faced with a fixed price of gold and rising working costs on the Rand, the mining industry actively sought to minimize the marketing costs of gold in London to offset general cost inflation and to increase revenue. Finally, at the turn of the century, the Bank of England still occupied a hegemonic position in the international financial system, although, as this article shows, this hegemony was subject to periodic financial crises such as the collapse of Barings in 1890. The Bank‘s problems were thought to stem from a severe shortage of gold reserves. Recently, it has been argued that by the late 1890s British politicians and financiers encouraged the overthrow of the Kruger regime in the Transvaal in order to gain physical control over the Rand mines and thereby ease the Bank's shortages of gold. However, there are problems with this formulation and the article concludes with an alternative consideration of the complex relationship between the supplies of newly mined Transvaal gold, the international gold standard and the Bank of England's financial crises.

scholarly journals Integrated Reporting’s Impact on Corporate Governance: Study in Asean Capital Market

2020 ◽  
Vol 9 (1) ◽  
pp. 1
Author(s):  
Shanti Shanti ◽  
Bambang Tjahjadi ◽  
I Made Narsa
Keyword(s):  
Corporate Governance ◽  
Financial Reporting ◽  
Family Business ◽  
Capital Market ◽  
Positive Impact ◽  
Mining Industry ◽  
Financial Information ◽  
Integrated Reporting ◽  
Statistical Program ◽  
The Impact

<p class="JurnalASSETSABSTRAK">ABSTRACT</p><p>Integrated reporting (IR) that merges the firm's financial and non-financial information into one single reporting is the latest evolution of corporate financial reporting today. This study purposes to examine the impact of the implementation of IR on corporate governance, especially family business in the mining industry listed on the ASEAN capital market in the 2014-2017 period. The results of the study based on the Stata 14.2 statistical program concluded that the implementation of IR has a positive impact on corporate governance in the ASEAN capital market, i.e. the implementation of IR drivers changes in behavior and perceptions in corporate governance (reporting driven behavior), thus making corporate governance more effective.</p><p><em>ABSTRACT</em></p><p><em>Pelaporan terintegrasi (IR) yang menyatukan informasi keuangan dan non-keuangan perusahaaan ke dalam satu pelaporan tunggal merupakan evolusi pelaporan keuangan perusahaan terbaru saat ini. Penelitian ini bertujuan untuk meneliti dampak penerapan pelaporan terintegrasi (IR) terhadap tata kelola perusahaan, khususnya perusahaan keluarga dalam industri pertambangan yang terdaftar di pasar modal ASEAN tahun 2014 s.d. 2017. Hasil penelitian berdasarkan program statistik Stata 14.2 menyimpulkan bahwa penerapan pelaporan terintegrasi (IR) berpengaruh positif terhadap tata kelola perusahaan di pasar modal ASEAN, yaitu bahwa penerapan pelaporan terintegrasi (IR) memicu terjadinya perubahan perilaku dan persepsi dalam tata kelola perusahaan (reporting driven behavior), sehingga menjadikan tata kelola perusahaan menjadi lebih efektif.</em></p>

scholarly journals Projectification in the South African mining industry

2021 ◽  
Vol 121 (5) ◽  
Author(s):  
W.A. Smith ◽  
M.C. Bekker ◽  
C. Marnewick
Keyword(s):  
Project Management ◽  
South African ◽  
Mining Industry ◽  
Value Added ◽  
Point Of View ◽  
Project Work ◽  
The South ◽  
Project Management Office ◽  
Mining Projects ◽  
The Impact

SYNOPSIS Projects or project-orientated approaches have become a common form of work in nearly all sectors of economies. This has led to concepts such as 'projectified' and 'project orientated' organizations. By defining projectification of a company, industry, or economy as the share of project work in total work, one can reasonably determine the impact that project management, and by default projectification, has had on that company, industry, or economy in terms of staff optimization and allocation. This paper presents the results for such a projectification study of the South African mining industry. This sector has long been a significant contributor to the country's economy from a gross value added (GVA) and employment point of view. Understanding the impact of projectification and the project management way of work on this industry may potentially add significant value to both the mining and project management knowledge areas. We show that although the mining industry is considered by some to operate in archaic ways, the level of projectification has increased over time, and now represents approximately one third of all work conducted. Keywords: rojectification, mining projects, project management, project management office.

Enhancing Learners' Personal Resources through Narrative: Embracing Diversity

2002 ◽  
Vol 32 (4) ◽  
pp. 22-32 ◽  
Author(s):  
Val Rapmund ◽  
Cora Moore
Keyword(s):  
South African ◽  
Narrative Analysis ◽  
Personal Resources ◽  
Research Approach ◽  
Personal Problems ◽  
Learner Support ◽  
African Context ◽  
Strengths Approach ◽  
The Impact

A shift is proposed from the traditional ‘deficit approach’ towards a ‘strengths approach’ in learner support in the South African context. The Student Self-Empowerment and Enrichment Programme serves as an example of a strengths approach in which diversity is embraced, and where facilitators and students are engaged in the process of making new meaning in conversation with one another. The narrative research approach is followed and narrative analysis is the method adopted for the interpretations. The following themes were identified as important in enhancing learners' personal resources: Benefiting from the sharing of information and experiences; The role of different backgrounds in seeking connection; The facilitator-participant relationship; Responsibilities; Communication skills; Change; Personal problems; Strengths reflected in the narratives. The results bear evidence of the impact of the programme, and the benefit of replacing traditional methods of teaching with more egalitarian and participatory methods. Embracing diversity benefits facilitators and learners alike, and contributes to the richness of life stories and the ability to function in new ways.

scholarly journals Investigating the impact of carbon tax on socially responsible corporate governance: The case of South African motor vehicle manufacturers

2015 ◽  
Vol 12 (2) ◽  
pp. 128-134
Author(s):  
Suren Pillay ◽  
Pieter Buys
Keyword(s):  
Corporate Governance ◽  
South African ◽  
Manufacturing Industry ◽  
Motor Vehicle ◽  
Carbon Tax ◽  
Policy Decision ◽  
Environmental Damage ◽  
Carbon Taxes ◽  
Socially Responsible ◽  
The Impact

Socially responsible corporate governance is an essential aspect of the contemporary corporate environment, and then especially in ensuring continuous sustainable development within a South African context. As such, it also encompasses broad environmentally focused aspects. The motor vehicle manufacturing industry in South Africa was among the first to be faced with the implementation of carbon taxes. This paper explores the policy decision to implement the carbon tax within the context of socially responsible governance in the motor vehicle manufacturing industry. The research methodology applied incorporates both review of supporting literature and an exploratory empirical case study. The research suggests that the industry is cognizant of the importance of environmental damage costs and their responsibility therein, while also indicating that corporate social investment in this industry was non-responsive to the implementation to carbon tax. The results also suggest that the current carbon tax rate may be adequately priced and is an effective instrument in lowering greenhouse gas emissions

scholarly journals The use of external perceived injustices by AMCU in the South African Platinum Mining Industry

2019 ◽  
Vol 40 (1) ◽  
pp. 108-120
Author(s):  
Albert Wöcke ◽  
Jana Marais
Keyword(s):  
Collective Action ◽  
Social Movement ◽  
South African ◽  
Industrial Relations ◽  
Mining Industry ◽  
The South ◽  
Movement Theory ◽  
Main Driver ◽  
Platinum Mining ◽  
Independent Union

Social movement theories applied to industrial relations are insufficient to explain recruitment and collective action focused on perceived injustices that are external to the workplace and that an employer has a limited ability to influence. The South African platinum mining industry has been characterised by increased collective action and the emergence of a new independent union at the expense of the incumbent union. The new union has mobilised primarily on external injustices that employers cannot directly influence. 299 Union members were interviewed of rival unions to examine the effect of using external perceived injustices as the main driver for collective action in the platinum mining industry in 2012//2013. The findings extend prior research on social movement theory and industrial relations and discuss the implications for unions allied to government and employers.

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