scholarly journals Services Oriented Technologies: A Focus on the Financial Services Sector in South Africa

10.5772/36362 ◽  
2012 ◽  
Author(s):  
Mazanai Musara
Keyword(s):  
South Africa ◽  
Financial Services ◽  
Services Sector ◽  
Financial Services Sector

Revisiting Financial Services Sector Transparency through Whistleblowing: The Case of South Africa and Switzerland

2017 ◽  
Vol 61 (1) ◽  
pp. 83-103
Author(s):  
Herbert Kawadza
Keyword(s):  
South Africa ◽  
Financial Institutions ◽  
Financial Services ◽  
Global Financial Crisis ◽  
Financial Crime ◽  
Corporate Misconduct ◽  
Services Sector ◽  
Financial Services Sector ◽  
The People ◽  
Illegal Activities

AbstractThe recent global financial crisis has demonstrated the ineffectiveness of traditional regulation in averting financial crime. Consequently the supervision of financial institutions has been increasingly re-evaluated and such endeavours have resulted in the reregulation of the sector in many jurisdictions. This article argues that, much as these strategies can be said to be laudable, until they emphasize engagement with the people who work in those institutions through making it possible for them to report corporate misconduct, these legislative paradigms will not avail much. As such, this article argues for the increased use of insiders through whistleblowing as a mechanism to support the exposure of illegal activities. By comparing the whistleblowing approaches adopted in South Africa and Switzerland, this article attempts to contribute to the standardization of approaches that can be used to enhance global financial sector transparency and minimize financial crime.

scholarly journals The death of SME’s by regulations: an investigation into the qualifications and skills required in the SME financial sector

2015 ◽  
Vol 12 (3) ◽  
pp. 581-586
Author(s):  
Michael Colin Cant ◽  
Cindy Erdis ◽  
Claudette van Niekerk
Keyword(s):  
South Africa ◽  
Small Business ◽  
Financial Services ◽  
Financial Sector ◽  
Economic Downturn ◽  
Regulatory Issues ◽  
Services Sector ◽  
Financial Services Sector ◽  
Quota Sampling ◽  
Sampling Approach

The financial services sector were faced with numerous challenges of a macro and market nature, even before the financial and economic downturn in 2008, which aggravated the competition among SMEs even further (UEAPME, n.d.:1). The need for the correct skills for the business became more and more important placing a higher premium on the identifying and maintaining of proficient employees in SMEs (UEAPME, n.d.:1), These needed skills became also more and more important in the financial sector. The aim of this study is therefore to investigate the qualifications held and skills required by SMEs in the financial services sector of South Africa in order to be able to address the various regulatory issues and requirements. A non-probability quota sampling approach was used, where 32 small business respondents in the financial services sector participated in the study. The study revealed that SMEs in the financial services sector lack the necessary qualifications and skills to successfully grow and develop their business

Insights from narrative disclosures regarding integrated thinking in integrated reports in South Africa and Japan

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rayhan Arul ◽  
Charl de Villiers ◽  
Ruth Dimes
Keyword(s):  
South Africa ◽  
Corporate Governance ◽  
Financial Services ◽  
Strong Association ◽  
Future Research ◽  
Content Type ◽  
Services Sector ◽  
Financial Services Sector ◽  
Institutional Settings ◽  
Leading Role

Purpose This study aims to provide insights into the poorly understood concept of integrated thinking by comparing and contrasting disclosures related to integrated thinking provided in integrated reports in two different institutional settings. Design/methodology/approach The study uses content analysis of the narrative sections of integrated reports to explore similarities and differences in the way the concept of integrated thinking is portrayed. It uses a matched sample of financial services companies in two different institutional settings, South Africa (where integrated reporting (IR) is mandatory and IR practices are world-leading) and Japan (where IR is voluntary and interest in IR is still developing). IR adoption is viewed through the lens of institutional theory, focussing on isomorphic forces which affect companies’ structure, policies and practices. Findings Even though the conceptualisation of integrated thinking differs between South Africa and Japan, in both settings there is a strong association between integrated thinking disclosures and corporate governance practices, materiality assessments and the pursuit of an industry leadership position, suggesting a link between these concepts and the underlying level of integrated thinking. Japanese disclosures appear to mimic South African disclosures, highlighting South Africa’s leading role in IR, although Japan shows more varied interpretations of integrated thinking. Originality/value This study contributes to the growing body of literature on the poorly understood concept of integrated thinking, responding to calls from both academics and practitioners for more research in this area. It shows the potential for integrated thinking to develop through a process of mimicry and highlights South Africa’s leading role in the dissemination of best practice in the field. Its findings relating to the fluid conceptualisation of integrated thinking in different institutional settings will be of interest to regulators and practitioners. To the knowledge this is one of the first studies to consider disclosures relating to integrated thinking in the financial services sector. Focussing on the financial services sector, with its unique features and regulatory frameworks, allows for deeper analysis, free from the potential distortions inherent in studying a broader cross-section of industries. The study also highlights the importance of corporate governance to integrated thinking, suggesting future research avenues.

Training in Selected Aspects of the Financial Services Sector in South Africa : A Historical Perspective

2013 ◽  
Vol 2 (11) ◽  
pp. 45-64
Author(s):  
Naas Ferreira ◽  
Mohamed Sayeed Bayat ◽  
Mohamed Karodia ◽  
Mohamed Goga
Keyword(s):  
South Africa ◽  
Financial Services ◽  
Historical Perspective ◽  
Services Sector ◽  
Financial Services Sector

Protection of Customers for Management of Digital Banking Services (Study at PT. BRI Unit Boyolali)

2020 ◽  
Vol 3 (2) ◽  
pp. 170
Author(s):  
Herdian Ayu Andreana Beru Tarigan ◽  
Darminto Hartono Paulus
Keyword(s):  
Information Technology ◽  
Financial Services ◽  
Banking Industry ◽  
Service Innovation ◽  
Quality Of Services ◽  
Legal Research ◽  
Banking Services ◽  
Services Sector ◽  
Financial Services Sector

<p>Increasing competition in the Indonesian banking industry has encouraged many banks to improve the quality of services to customers by utilizing information technology developments. Service innovation in the use of information technology encourages banks to enter the era of digital banking services. However, the development of digital banking services also increases the risks faced by banks. The purpose of this study is to provide an overview of the implementation of digital banking services and customer protection for risks from digital banking services. The method used in this study is an empirical legal research method. The results of this study indicate that the implementation of digital banking services is regulated by OJK Regulation No.12/POJK.03/2018. The existence of this OJK Regulation is expected by banks as providers of digital banking services to always prioritize risk management in the use of information technology. In addition, this study also shows the existence of 2 types of customer protection for the use of digital banking services, namely preventive protection in the form of legislation related to customer protection in the financial services sector and repressive protection in the form of bank accountability for complaints from customers using digital banking services.</p>

scholarly journals The influence of tone at the top management level and internal audit quality on the effectiveness of risk management practices in the financial services sector

2019 ◽  
Vol 6 (1) ◽  
pp. 1704609
Author(s):  
Frank Kabuye ◽  
Nicholas Bugambiro ◽  
Irene Akugizibwe ◽  
Sharon Nuwasiima ◽  
Sharon Naigaga
Keyword(s):  
Risk Management ◽  
Financial Services ◽  
Management Practices ◽  
Audit Quality ◽  
Internal Audit ◽  
Top Management ◽  
Management Level ◽  
Services Sector ◽  
Financial Services Sector ◽  
Tone At The Top
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