Consumers’ Perception of The Cost of Credit Default in The Vehicle Finance Industry in South Africa

The risk that a borrower may not fulfil his/her borrowing obligation presents credit owner (lender) a default risk management opportunity to maximize the risk-adjusted rate of return and to maintain minimum exposure to default associated cost. This paper investigated respondents’ perception of the cost of credit default and examines requirements for default risk management (DRM) in the vehicle finance industry in South Africa. It is noted that with an increased level of consumer indebtedness, unstable economy, high unemployment, opportunistic risks like health pandemics, vehicle financing faces a higher probability of default from borrowers. This descriptive investigation utilised quantitative approach using a survey method to collect data from 381 purposive randomly selected respondents who are vehicle finance customers in South Africa, Cape Town specifically. Data collection took place in the Western Cape over a nine-month period, utilising personal interview, and emails to administer questionnaires to vehicle finances’ customers as data collection instruments. Responses received were codified and quantitative data were analysed using the Statistical Packages for Social Sciences (SPSS version 25) The paper found mixed and variable respondents’ perception of the cost of credit default. In conclusion, it is perceived that South Africa debt would become more costly with credit default. It can be recommended that a default risk management intervention be applied to manage credit default risk within the context of the unified credit assessment policy in South Africa.

VERTICAL INTEGRATION in AGRO-INDUSTRY: ECO-FRIENDLY GAMBIER PRODUCTS

Textile dyeing on fabrics and clothing causes environmental pollution and health problems. There is an innovation of natural coloring using gambier in the Gambo Muba fabric industry and the garment industry in Indonesia. Gambier farmers supply natural dye raw materials. Then through the supply chain of the Gambo Muba fabric industry and the garment industry, it causes vertical integration in the gambier agro-industry. This study uses primary data from 39 vertically integrated companies in the gambier agro-industry, including the gambier rubber industry, the Gambo Muba fabric industry, and the garment industry. The data was then analyzed using descriptive qualitative. This study analyzes the relationship between vertically integrated industries, including the transaction costs between them, their impact of vertical integration on added value, and their profitability. Vertically integrated industries have low transaction costs. The impact of vertical integration on the gambier agro-industry adds to the chain of economic activities that can increase added value and profits. The impact of vertical integration can reduce transaction costs, especially the supplier coordination cost component, distributor cost component, inter-company lobbying costs components. The benefits of vertical integration in the gambier agro-industry are increasing high added value, profit levels, decreasing environmental pollution, and agro-industry sustainability.

THE EFFECT of PROMOTION on IMPULSIVE BUYING with LIFESTYLE as a MODERATION VARIABLE on FASHION PRODUCTS in ONLINE SHOP SHOPEE

The purpose of this study was to explain the effect of promotion on impulsive buyers and to explain that people with high lifestyles often make impulse purchases. Sampling using incidental sampling technique, the number of respondents as many as 100 respondents. The data collection method used is the observation method and the questionnaire method. Analysis of the data used is a multiple linear regression analysis with moderating variables using the SPSS program. The results of the study prove that promotion has a direct effect on impulse buying and it is not proven that people with a high lifestyle are more likely to make impulsive purchases.

The Impact of Globalisation on Employment Statute Related to Employers in Zimbabwe

Globalisation led to the reduction of barriers between countries and intensified international interdependency such that developments unfolding in a faraway country now affect the rest of the world in economic, political and social aspects (Giddens, 1990). The Zimbabwean labour market and its national labour legislation has not been spared from the impact of globalisation. Zimbabwean labour legislation had had several amendments from its inception in 1985 to date. The amendments done at each epoch had caused serious outcry from both labour and business with the main accusations arising from unions who claimed that the effects of globalisation and government’s desire to lure foreign direct investment (FDI) led to serious bias towards employers. It is against this background that this article’s objective is to interrogate the impact of globalisation on labour legislation for employers. The article adopted a qualitative paradigm and made use of interviews and participants' memoirs to understand this phenomenon. Results were analysed thematically by use of both Nvivo 10 and manual coding. Results showed that globalisation has impact on labour legislation for employers. Foreign direct investment and special economic zones were identified as drivers of globalisation responsible for positive impact on labour legislation for employers by influencing deregulation of unfriendly employment laws, instituting flexible contract of employment, easy termination of contracts of employment and giving immunity from dictates of the labour laws for employers operating in special economic zones. The positives of globalisation for employers resulted in direct negatives for employees. The article recommends that employers need to put into context both globalisation dynamics and dictates of the labour legislation to ensure employee dignity and fair globalisation

THE EFFECT of PROMOTION on IMPULSIVE BUYING with LIFESTYLE as a MODERATION VARIABLE on FASHION PRODUCTS in ONLINE SHOP SHOPEE

The purpose of this study was to explain the effect of promotion on impulsive buyers and to explain that people with high lifestyles often make impulse purchases. Sampling using incidental sampling technique, the number of respondents as many as 100 respondents. The data collection method used is the observation method and the questionnaire method. Analysis of the data used is a multiple linear regression analysis with moderating variables using the SPSS program. The results of the study prove that promotion has a direct effect on impulse buying and it is not proven that people with a high lifestyle are more likely to make impulsive purchases.

Marketing mix strategy determinants and social media in veterinary-based business: experience from Serbia

The paper is dedicated to testing the entrepreneurial idea of founding a service micro company in the field of veterinary medicine - Animal Care. The starting point is the theoretical aspect of marketing mix services observed through the prism of a specific company in the field of agribusiness. For the needs of the research, secondary sources were used and a survey was conducted which gave the results of the influence of the elements of marketing mix services on marketing communication towards the users of the company Animal Care. It was determined that the effects of promotion, especially in the field of digital marketing, directly affect the increase in sales of products and services, and thus the satisfaction of consumers & users in veterinary services. The results of the research provided answers to research questions and helped the entrepreneur to understand that selected elements of the marketing mix help in the promotion of products and services of Animal Care companies. Respondents showed interest in using the services of the Animal Care company with the help of the Animal Care android application and website as a selected distribution channel, but also for the promotion of new services and offers of the company

DETERMINATION of FINANCIAL LITERACY LEVEL: A STUDY on HITIT UNIVERSITY FACULTY of ECONOMICS and ADMINISTRATIVE SCIENCES STUDENTS

Financial literacy is the level of financial knowledge, attitude and behavior that enables individuals to manage their income, expenses and assets in a way that does not cause financial problems both today and in the future. As individuals' financial literacy levels increase, unnecessary consumption and waste of resources will decrease and the efficiency of investments will increase. Increasing the level of financial literacy will ensure a more balanced formation of asset prices in financial markets and prevent the formation of price bubbles in the markets. Today, financial markets around the world are almost integrated, financial transactions have become possible quickly through portable electronic devices. In this environment, the difference in welfare between individuals and societies with financial literacy and individuals and societies without financial literacy has increased more than in any other period in history. This study, it is aimed to measure the financial literacy level of the students of Hitit University Faculty of Economics and Administrative Sciences located in the province of Çorum. The data of the study were obtained from a questionnaire with the participation of 400 students studying in 5 different departments. By using the percentages of the correct answers given to the questions, success scores were created based on departments. With the help of the T-test and ANOVA tests, the relationship between students' financial literacy and whether they use department, gender, class, and credit card was determined. As a result of the study, it was determined that there are significant relationships between the departments and classes in which students study and their financial literacy, and no significant relationships were found between their credit card and internet banking usage and gender and financial literacy.

How political and social attitude could help to fully adopt the circular economy concepts for national benefit? A comparative study

This comparative study shows how concepts like circular economy, innovation and competitiveness are understood, accepted and implemented in Romania and Serbia, countries with similar preoccupations for the European Union's recommendations and destiny. It is shown that the similar results obtained outline the lack of continuity in applying the resilient strategy for general development and the strategic role of investments as a pillar of modernisation. Building a resilient and modern society requires fundamental and complex changes in the political decision-makers attitude and people's civic behaviour, linked to the circular economy principles, the need for substantial investments in top innovative research, high-tech products, and adequate public policies of general interest.

TRENDS ANALYSIS IN GIG ECONOMY

This paper aims to research the main characteristics and trends of the freelancer’s market in temporary and occasional jobs in the Digital economy. The research was conducted by analyzing the content of reports of companies that hire freelancers, consulting companies and blogs of experts. The Digital economy is one of the results of the widespread application of information and communication technologies (ICT) that have influenced the transformation of the business model. Widespread application of ICT increased the flexibility of the work environment from the perspective of the place and time of work, as well as the way of engagement of the workforce. The application of ICT has expanded the scope and range of services available in today's market of temporary and occasional jobs. Contemporary companies in the Digital economy are increasingly focusing on their core competencies, leaving other jobs to external associates. The Gig economy refers to the engagement of labour in temporary and occasional jobs. Of the total number of employees in the USA during 2020, 36% worked as freelancers. Freelancers, during 2020, generated total revenue of US$ 1.2 trillion. Also, it is important to point out that a certain percentage of freelancers, currently, realize additional jobs in this way, but that there is a noticeable increase in the number of freelancers who accept this model of employment as the only way of permanent employment. Also, further growth in the number of freelancers in the world is predicted.

Plantain Theory and the Attainment of SDGs 2030 by African States: An Exposition

Agenda 2030 is the Sustainable Development Goals with 17 indicators. Like its predecessors, Millennium Development Goals (MDGs),with only eight goals yet African states could not achieve half of the eight goals then and may not get close to a quarter of the SDGs because of the pathologies of development which are legendary in Africa. This study evaluated the feasibility of using the Plantain tree crop, in which many African countries have global comparative advantage as a means to attaining seven or 41.17 per cent of the 17 goals, against one-sizefit- all approach often applied to such development agenda. The method of study was descriptive which through its procedure revealed, that these countries were not putting this crop and its properties to optimum usage. This approach was complemented by observations and triangulation by library researches on the various usages of plantain tree. The technique included informal interviews of traditional medicine practitioners on the ailments cured through the use of plantain properties. The tactic of the study further revealed that the life-span of plantain is about 20 years, hence it can feed the present and future generation, it withstands every climatic condition, and the fruit could be eaten ripe, unripe, as chips, as plantain flour and paste use in pharmaceutical industries for drugs making. Every part of the plantain tree is use by alternative medicine practitioners. It resolved that the countries that have global comparative advantage with plantain, could harness all the economic and medicinal advantages to achieve the SDGs by 2030 without borrowing in the face of heavy indebtedness. Political will and leadership as well as investments are some of the requirements needed to achieve the goals proposed herein, which affirms the efficacy of Plantain theory as a mechanism towards achieving some percentages of the SDGs by some African States.