South African Journal of Economic and Management Sciences
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Author(s):  
Unity Chipfupa ◽  
Aluwani Tagwi

Background: The realisation of more youth involvement in the agricultural sector has proved to be elusive, so the question of the possibility of a youth-led agriculture needs further investigation.Aim: The aim of the study was to assess whether there is potential for the rural youth to participate in agriculture by employing the typology formulation approach.Setting: The study is premised on recent calls for strategies to reduce youth unemployment in sub-Saharan Africa by involving and enhancing the agricultural sector.Method: A survey in questionnaire form was conducted with 224 youths from two districts in KwaZulu-Natal, South Africa. The Principal Components Analysis and K-Means Clustering were performed to determine the youth typologies and assess their potential.Results: Five typologies were identified. Most youths (59.3%) were found in Typology 1 (those that see no benefits in farming) and in Typology 2 (older, experienced and with access to land). Typology 5 (male youths in agricultural cooperatives) had the lowest proportion of youths (5.7%). Participants in typologies 2, 3 and 5 were deemed to have high to moderate potential for successful engagement in farming. The highest potential was found in the typology with the least percentage of youths.Conclusions: The typologies showed that youths have varying perceptions and aspirations regarding agriculture. While some show an interest and have the potential to participate in farming, others do not. Therefore, the blanket notion of the youth’s lack of interest in agriculture should be qualified as it does not always hold. The heterogeneity in characteristics among the youths in these typologies, including their potential to participate in agriculture, expresses the differences in the kinds of support needed to increase their participation.


Author(s):  
Ulrich Schmoch ◽  
Anastassios Pouris

Background: Experts recommend support to patents for stimulating innovation. Also, the South African government supports patents, in particular, international patents. In this paper it is examined how this strategy can be designed to successfully trigger economic progress.Aim: The present South African activities in patents are investigated in this paper and areas identified where an intensification of patenting looks promising for economic progress.Setting: The patent activities since 1985 are analysed and compared to the annual export–import balance from 2009 to 2018, in order to identify starting points for improving economic structures. The data are linked to current suggestions to the National Advisory Council on Innovation (NACI) for future technologies.Methods: The analysis of patents is performed, using the international patent database PATSTAT, as well as the analysis of the export–import balance at the WITS database of the World Bank.Results: The patent analysis reveals a low level of South African domestic patents, with a focus on less complex goods and a stagnation period of 35 years. The data on the export – import balance show negative figures for consumer goods and even more so for capital goods.Conclusion: Economic progress can be accelerated by stimulating patent and economic activities to produce more complex consumer and capital goods. However, it may be necessary to focus on certain areas at the beginning in order to achieve a sufficient critical mass of competence and international competitiveness. In any case, the support of patents is only successful when it is closely linked to a strategy regarding technology.


Author(s):  
Jonathan Seland ◽  
Carl C. Theron

Background: Serious shortcomings are identified in the Performance Index (PI), developed by Spangenberg and Theron (2004). Attempts are made to correct these shortcomings.Aim: The primary objective of this research study was to develop and preliminary validate a generic Work-Unit Performance Questionnaire, based on the Performance Index of Spangenberg and Theron (2004), correcting shortcomings identified in that particular PI.Setting: The study used convenience sampling that consisted of 202 respondents from a variety of South African industries. The article draws on findings in the thesis of Seland (2019).Methods: The development and preliminary validation of the Work-Unit Performance Questionnaire (WUPQ) was required. The WUPQ consists of dual subscales, the Work-Unit Competency Questionnaire (WUCQ), which consists of seven latent behavioural competency variables, and the Work-Unit Outcome Questionnaire (WUOQ), which consists of six latent outcome variables.Results: Both measurement models (WUCP WUOQ) showed close fit; however, two factor loadings in the WUCQ measurement model had to be constrained. Reasonable structural model fit was found in the sample. Support was found for 11 of the original 21 path-specific substantive hypotheses and for an additional hypothesis.Conclusion: The proposed model can be used by managers, with caution due to the intentional exclusion of competency potential and situational variables, to diagnose poor work-unit performance. Furthermore, it is encouraged that this research be the starting point for further analyses of work-unit performance and advance validation of the instrument.


Author(s):  
Rob Rusconi

The rationale for the regulation of participants in financial markets, like retirement funds, is sound. It would be strengthened, however, by a clear statement of the objectives of such regulation. In this article the position is taken that the objectives underpinning the regulation of South African privately-managed retirement funds should be enhanced. It presents this argument with reference to international principles concerning systems of old-age provision, and to the examples of regulations in other jurisdictions. It recommends a set of practical regulatory objectives in the pursuit of efficiency, sustainability, coverage, adequacy and security of provision for old age.


Author(s):  
Omotomiwa Adenubi ◽  
Omphile Temoso ◽  
Isiaka Abdulaleem

Background: A recent increase in the adoption of mobile phone technology generated a great deal of interest and optimism regarding its effect on economic development in sub-Saharan Africa (SSA), particularly on the enhancement of agricultural development.Aim: In this study the impact of mobile phone technology on agricultural productivity in SSA is examined.Setting: The empirical assessment uses a panel data set covering 41 countries over a period of 25 years.Methods: We employed an econometric approach and panel data covering 41 countries and a 25 year-period (1990–2014) to investigate the effect of the adoption of mobile phone technology and other socio-economic variables on agricultural total factor productivity (TFP). The use of regression analyses allowed us to estimate and measure the contribution of certain variables to agricultural TFP growth in SSA.Results: The results show that the uptake of mobile phone technology had a positive effect on agricultural TFP growth in SSA.Conclusion: Mobile phone technology has been established to be one of the drivers of agricultural productivity in SSA.Implication: The implications of this study are that governments, NGOs, and businesses working on improving agricultural productivity and food security in SSA need to continue endorsing mobile technology as a means to improve agricultural productivity.


Author(s):  
Marita Heyns ◽  
Sean McCallaghan ◽  
Werner Beukes

Background: Work engagement is considered an important contributor towards the success of any organisation, while finding meaning in work has been proven to enhance productivity and, ultimately, assists in improving the bottom line of an organisation.Aim: The aim of the study is to examine work engagement and meaningfulness through work and at the workplace, and how these factors impact on perceived customer value. More specifically, the researchers were interested in whether meaningfulness could mediate the relationship between work engagement and perceived customer value.Setting: Data were collected from employees at a large South African manufacturing organisation.Methods: Respondents from a manufacturing organisation in South Africa participated in the quantitative cross-sectional study (N = 152). They completed previously validated questionnaires to assess work engagement, meaningfulness through work and perceived customer value from an employee perspective. (Males = 52.21%; Working less than five years in the industry = 54.61%; Non-management = 50%).Results: Correlation results indicate that features of engagement, meaningfulness through work and perceived customer value were positively associated. A simple mediation model indicates that meaning could be considered a mediator in the relationship between work engagement and perceived customer value.Conclusion: Study results indicate that work engagement was not sufficient to improve perceived customer value and that finding meaning in and through work was also required.


Author(s):  
Cornelie Crous ◽  
Marike C. Van Wyk

Method: The demand for a balanced disclosure of quantitative and qualitative value creation in an organisation and for its stakeholders has increased in recent years.Aim: Therefore, this study focused on the disclosure of 97 companies listed on the Johannesburg Stock Exchange over a period of five years (2015–2019).Method: A three-phased content anlaysis was followed.Results: The researchers found that value-creation disclosures are mostly concerned with quantitative value creation, and that they focus on value concepts, such as returns to investors, cash flow, increase in employee numbers, and benefits to employees. Some companies have progressed in their integrated reporting practices and now include a reference to value creation by balancing the different forms of capital. However, their reports still do not include concrete statements or definitions about what value creation is considered to be; neither do they disclose qualitative value-creation concepts.Conclusion: The authors thus conclude that imbalanced reporting skewed towards quantitative value concepts persists.


Author(s):  
Marco Van der Walt ◽  
Wesley Niemann ◽  
Arno Meyer

Background: The frequent occurrence of supply chain disruptions highlights the importance of sharing supply chain risk information (SCRI) among buyers and suppliers in third-party logistics (3PL) services. Business relationships and long-term collaboration among supply chain partners (SCP), such as 3PLs and their clients, lead to the sharing of SCRI. Risk information sharing (RIS) cannot be effectively carried out unless these relationships are based on more than just transactional information sharing. Therefore, a better understanding is needed of how personal relationships influence RIS among these partners.Aim: The purpose of this study was to explore the role of personal relationships in supply chain RIS from the perspective of buyers and suppliers in 3PL services in South Africa.Setting: The study was conducted among buyers and suppliers in 3PL services in South Africa.Method: A generic qualitative research approach was followed to conduct 18 semi-structured interviews with senior managers, employed by buyers and suppliers of 3PL services.Findings: A personal relationship among buyers and suppliers of logistics services is the cornerstone to ensure that risk information is shared effectively. Accountability, reliability, and approachability are the main behavioural attributes required to ensure RIS among SCPs. Supply chain partners struggle to determine where the boundaries of a personal relationship lie, especially when risk information is shared. The most common mitigation strategies, when dealing with RIS, are the use of a code of conduct, a code of ethics and a standard non-disclosure agreement (NDA).Conclusion: The study provides insight into the role of personal relationships in supply chain RIS, the behavioural attributes required for RIS, and the challenges associated with RIS when a personal relationship is present. The study is, arguably, among the first empirical studies in the South African logistics services context to investigate the role of personal relationships in supply chain RIS.


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