scholarly journals What are the indicators of a successful business rescue in South Africa? Ask the business rescue practitioners

Author(s):  
Shaneen Conradie ◽  
Christiaan Lamprecht

Background: Business rescue, in terms of Chapter 6 of the Companies Act No 71 of 2008, is still relatively new to the South African business environment. The need for a successful business rescue regime is beyond doubt. However, a consistent manner to measure the success of the regime has not been determined. Previous research into possible indicators of business rescue success was based on a review of international business rescue regimes that share the same underlying philosophy as the South African business rescue regime. Aim and Setting: This study extends previous research efforts by soliciting the opinions of 16 South African, senior business rescue practitioners on the indicators of business rescue success. Method: The researchers used a qualitative research approach. The Delphi research technique was used to gather qualitative and quantitative empirical data from business rescue practitioners. Results: The experts reached a high level of consensus on various indicators of a successful business rescue. Most notable are that business rescue should save as many jobs as possible and that the actual outcome should be compared to that estimated in the business rescue plan. A novel indicator of success is the business rescue points saved or rescued, when using the public interest score. Conclusion: The study makes a valuable contribution to the debate on what constitutes a successful business rescue by adding the considered opinion on indicators of success by one group of experts in the field of business rescue, namely senior business rescue practitioners.

2021 ◽  
Vol 54 ◽  
pp. 43-54
Author(s):  
Mahlatse Shekgola ◽  
Jan Maluleka ◽  
Antonio Rodrigues

The South African cabinet adopted policy recommendations from the Government Information Technology Officer's Council pertaining to Free and Open-Source Software (FOSS). Even though the South African Cabinet has shown support for the use of FOSS through the enactment of a policy, the adoption of open source software in electronic records management seems to be slow. Proprietary software continues to be adopted and used by most public institutions, including local and provincial municipalities in South Africa. Therefore, this study aimed to investigate factors that may influence the adoption and use of FOSS for electronic records management by South African municipalities. The study adopted a qualitative research approach to collect data from 10 purposively selected municipalities in Gauteng. Data were analysed and presented thematically to address the research question. The findings of this study suggest that municipalities in Gauteng are not adopting FOSS for electronic records management as expected. This study established that top management support, reliability, affordability of the software, inadequate capability, contracts with proprietary software providers, organisational culture and organisational support are some of the factors that contributed to the low uptake when it comes to the adoption of Free and Open-Source Software by the municipalities.


2018 ◽  
Vol 16 ◽  
Author(s):  
Petronella Jonck ◽  
Riaan De Coning ◽  
Paul S. Radikonyana

Orientation: Interest in measuring the impact of skills development interventions has increased in recent years. Research purpose: This article reports on an outcomes evaluation under the ambit of an impact assessment with reference to a research methodology workshop. Motivation of the study: A paucity of studies could be found measuring the workshop outcomes, especially within the public service as it pertains to training interventions. Research approach/design and method: A pretest–post-test research design was implemented. A paired-sample t-test was used to measure the knowledge increase while controlling for the influence of previous training by means of an analysis of variance and multiple regression analysis. Main findings: Results indicated that the increase in research methodology knowledge was statistically significant. Previous training influenced the model only by 0.8%, which was not statistically significant. Practical/managerial implications: It is recommended that the suggested framework and methodology be utilised in future research as well as in monitoring and evaluation endeavours covering various training interventions. Contribution/value add: The study provides evidence of the impact generated by a training intervention, within the South African Public Service. Thus, addressing a research gap in the corpus of knowledge.


2019 ◽  
Vol 17 ◽  
Author(s):  
Sydwell Shikweni ◽  
Willem Schurink ◽  
Rene Van Wyk

Orientation: The South African construction industry is constrained by the shortage of a skilled workforce due to global competition and insufficient graduate output. There is a need to evolve attract and retain the most valuable talent.Research purpose: The aim of this study was to investigate talent management in a prominent South African internationally operating construction company. The objective is to develop a framework for enhancement of talent management practices.Motivation for the study: The South African construction industry’s inability to retain talent, hampers global competitiveness and productivity. Talent shortages need to be addressed at a strategic level to remain competitive.Research approach/design and method: A qualitative research approach examined a single South African construction organisation in the Gauteng Province. Grounded theory was used to analyse data generated from interviews, participant observations and company documents.Main findings: Firstly, talent management in the construction industry supposes mutual actions from the organisation and its talented employees. Secondly, internal enablers drive business outcomes by in alignment with a well-crafted strategy. Thirdly, a regulatory framework should acknowledge labour market dynamics and diversity. Fourthly, internal and external enablers should be taken into consideration. Finally, effective implementation of talent management practices yields talent sustainability and competitiveness.Practical/managerial implications: The two conceptual frameworks developed indicate: (1) key factors that play a role in talent management, and (2) the interface between talented employees and the organisation.Contributions/value-add: The findings provide two proposed frameworks that could guide leadership to devise an enabling global competitive talent management environment in the construction industry.


Author(s):  
Nico Schutte ◽  
Nicolene Barkhuizen ◽  
Lidewey Van der Sluis

Orientation: Human research (HR) practitioners have an important role to play in the sustainability and competitiveness of organisations. Yet their strategic contribution and the value they add remain unrecognised.Research purpose: The main objective of this research was to explore the extent to which HR practitioners are currently allowed to display HR competencies in the workplace, and whether any significant differences exist between perceived HR competencies, based on the respondents’ demographic characteristics.Motivation for the study: Limited empirical research exists on the extent to which HR practitioners are allowed to display key competencies in the South African workplace.Research approach, design, and method: A quantitative research approach was followed. A Human Resource Management Professional Competence Questionnaire was administered to HR practitioners and managers (N = 481).Main findings: The results showed that HR competencies are poorly applied in selected South African workplaces. The competencies that were indicated as having the poorest application were talent management, HR metrics, HR business knowledge, and innovation. The white ethic group experienced a poorer application of all human research management (HRM) competencies compared to the black African ethnic group.Practical/managerial implications: The findings of the research highlighted the need for management to evaluate the current application of HR practices in the workplace and also the extent to which HR professionals are involved as strategic business partners.Contribution/value-add: This research highlights the need for the current application of HR competencies in South African workplaces to be improved.


2014 ◽  
Vol 40 (1) ◽  
Author(s):  
Marguerite Theron ◽  
Nicolene Barkhuizen ◽  
Yvonne Du Plessis

Orientation: Globally, the demand for academic staff in higher education is expected to continue to increase. The South African situation is exacerbated by the so-called ‘retirement swell’ and turnover and retention problems; measurements to diagnose these factors remain limited.Research purpose: This study aimed to investigate the factors that influence turnover and retention of academic and to validate the developed talent retention diagnostic tool for use in South African higher education institutions.Motivation for the study: Limited research currently exists on the retention factors of academic staff in the South African context.Research approach, design and method: Using an investigative quantitative research approach, the tool was administered to a convenience sample of academics (n = 153) in 13 higher education institutions.Main findings: The results showed an array of distinguishing turnover and retention factors and proved the tool to be a valid and reliable measure. Over half the respondents indicated slight to strong dissatisfaction with compensation and performance management practices. Significantly, 34% indicated that they considered exiting their academic institution, citing unhappiness about compensation, as the most likely reason, whilst 74.5% have previously looked for another job.Practical/managerial implications: The research highlights key areas (i.e. compensation, emotional recognition, a bonus structure that reflects employee contribution, performance management systems, mentorship and career development opportunities) that higher education should attend to if they want to retain their key and talented academic staff.Contribution/value-add: The results contribute to new knowledge on the factors that contribute to turnover and retention of academic staff and present a valid and reliable measure to assess these retention factors.


1989 ◽  
Vol 19 (3) ◽  
pp. 130-137 ◽  
Author(s):  
D.J.W. Strümpfer

A sample of 163 white, male, English-speaking managers from a diversity of disciplines, functional areas and kinds of business and industry completed self-report scales on job demands, role stressors and social support. Their scores were compared with those of comparable samples from elsewhere, mainly from the USA, for whom data were obtained from published sources. The South African mean of 48,9 hours worked per week was similar to those of comparable groups. On a variety of job demands the South African sample showed a trend towards higher demands, which was interpreted in terms of a shortage of high-level human resources, due to over-utilization of whites and under-utilization of blacks. The trend was towards greater role clarity in the South African sample and no greater role conflict was found. More social support was reported than in the case of Dutch samples but less than in USA samples. A generally positive interpretation was given, with an element of eustress also being present.


2005 ◽  
Vol 35 (1) ◽  
pp. 58-72 ◽  
Author(s):  
Jacobus Pienaar ◽  
Sebastiaan Rothmann

Little information exists regarding the suicide ideation of uniformed members of the South African Police Service (SAPS). The objectives of this study were to determine the level of suicide ideation of police members and to determine the differences between the suicide ideation of various demographic groups. Across-sectional survey design was used. Stratified random samples ( N = 1781) were taken of police members of eight provinces in South Africa. The Adult Suicide Ideation Questionnaire and a biographical questionnaire were administered. The results indicated that 8.30% of the sample showed a high level of suicide ideation. Multiway frequency analyses showed that the observed frequencies of high suicide ideation (compared with low suicide ideation), statistically, were significantly higher than the expected frequencies in groups based on race, rank, gender, province, alcohol consumption, educational qualifications, medical problems and previous suicide attempts.


2018 ◽  
Vol 14 (2) ◽  
pp. 20-26
Author(s):  
Kudzai Mpofu ◽  
Anthony O. Nwafor ◽  
Koboro J. Selala

The emphasis on corporate sustainability as against liquidation in the South African Companies Act 71 of 2008 creates an important figure in the person of the business rescue practitioner. The practitioner in that capacity supplants the board and is insulated from the relevant elements of shareholder control in the discharge of the task of rescuing the financially distressed company. The article interrogates, through doctrinal approach, the efficacy of the statutory provisions relating to the role of the business rescue practitioner in the business rescue process and argues against the disqualification of juristic persons from appointment as business rescue practitioners. While respecting the subjective decision of the practitioner in the preparation of the rescue plan, the paper considers that such subjective decision should withstand some level of objective assessment to enjoy credibility, just as the practitioner should conform to a high level of judicial scrutiny as an officer of the court to be absolved from any liability arising from a breach of duty.


Author(s):  
Nyashadzashe Chiwawa ◽  
Henry Wissink

Employee engagement has emerged as an important concept in hospitality management as well as in human resources management fields. The purpose of the study was to assess the determinants of employee engagement in the South African hospitality industry. The study was conducted against a backdrop caused by volatile uncertain, complex and ambiguous business environments in which business and hotels in general operate exposing employees in the hotel industry to serve in very difficult conditions due to the nature of the diverse and changing needs of their clients. The study used a sample of 260 employees from 15 hotels within and around eThekwini municipality territorial jurisdiction. A cross-sectional survey was used based on a deductive research approach. Both quantitative and qualitative data was collected using a questionnaire. Research findings submits that hotels that put a strong emphasis on cultivating engaged workers reap substantial rewards. Employees who report being engaged at work have been shown to perform better at work, as employee involvement is related to organisational results such as efficiency, organisational citizenship, and overall job performance. The researcher recommends that organisations should examine the possible relationships between engagement and performance-related outcome variables that indicate improving engagement, as these provide a competitive advantage over rivals.


2021 ◽  
Vol 18 (1) ◽  
pp. 70-92
Author(s):  
S MAHARAJ ◽  
◽  
RID POOE ◽  

In today’s highly competitive business environment, change has become the order of the day for businesses that want to survive and stay competitive through the winds and turbulences of change. Change comes as a consequence of companies repositioning themselves in anticipation of rapid advancements in technology, quest for new opportunities in different geographical markets, and the need for new strategic intent. The aim of this study was to explore challenges faced by a South African bank following the integration of the three (3) business units towards digital banking. In exploring this question, the study adopted a quality research approach which involved purposive sampling where semi-structured interviews were held with 20 bank employees who were affected by the integration process. Following the primary data collection and data analysis, the following five (5) themes emerged, which represented the main challenges which employees associated with managing change toward digital banking by the focal bank: 1) lack of guiding principles for the change process, (2) clash of sub-cultures of the various units, (3) employee involvement and engagement, (4) absence of post-integration plan, and (5) lack of communication. By drawing from the Kurt Lewin’ theory of change and the diffusion of innovation theory, the study extended our understanding of these theories in the context of integration literature. The themes were analysed In light of the emerged themes, recommendations were made and directions for future research were suggested.


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