Browsing by Author "Murozvi, Simbarashe"

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    Examining the state of South African labour market using three under-utilised surveys
    (University of the Western Cape, 2024) Murozvi, Simbarashe
    The South African labour market exhibits a distinctive feature of persistently high unemployment levels and rates (especially amongst the youth cohorts) and a small size of the informal sector. Since the advent of democracy, there is an abundance of local empirical studies that analysed the October Household Survey (OHS), Labour Force Survey (LFS) and Quarterly Labour Force Survey (QLFS) data to examine the state of the country’s labour market. As expected, these labour surveys have been used a lot as they asked comprehensive questions on the labour market outcomes of the survey participants. However, three seriously under-utilised surveys could help examine the South African labour market from a different and seemingly broader perspective, as these surveys asked some questions that were not asked at all or not asked in great depth in the OHS, LFS and QLFS. Therefore, this study used these three seemingly overlooked survey datasets, namely the Survey of Employers and Self-Employed (SESE), Volunteer Activities Survey (VAS) and Survey of Activities of Young People (SAYP), to investigate the state of the country’s labour market from a different perspective. Firstly, using all five available SESE data waves, Chapter Two evaluated the structure, activities, environment as well as coping techniques that were applied by the youth and adult entrepreneurs in the informal sector of South Africa. The descriptive statistic results revealed that youth entrepreneurs were mainly Africans with incomplete secondary education who did not keep business account records, and conducted self-employed businesses within the wholesale and retail industry. These youth ventures were operated mainly without a fixed location or within owner’s dwellings (either with or without their own space). Moreover, the youth informal entrepreneurs cited the lack of funds to buy supplies and customers as some of their main challenges. However, in all five waves under study, the informal youth entrepreneurs declared the main areas of assistance needed were marketing, provision of alternative sites, better access to raw materials and better access to loans.
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    Investigating volunteer activities in South Africa
    (Taylor and Francis Group, 2023) Fondling, Jaydro; Murozvi, Simbarashe; Yu, Derek; Mtshali, Nothando
    This is the first South African study that analysed all three availablewaves of Statistics South Africa’s Volunteer Activities Survey data,which was linked to the Quarterly Labour Force Survey in the third quarter of the same year (2010, 2014 and 2018). The empirical findings showed that volunteers were predominantly female Africans without Matric, aged 25–34 years and resided in the urban areas of KwaZulu-Natal, Gauteng and Limpopo. In 2018the labour force participation rate and unemployment rate of the volunteers were 62% and 34% respectively. These rates were both a bit higher than the corresponding rates of people who did not volunteer. The volunteers spent 20 h in the past four weeks on volunteering activities relating to service work and elementary occupations. More than 85% of volunteers did not expect to receive anything back. For those who indicated otherwise, they most likely expected to receive out-of-pocket expenses and food.
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    Investigation of the youth informal entrepreneurship landscape in South Africa
    (Unisa Press, 2022) Murozvi, Simbarashe; Adams, Charles; Yu, Derek
    The South African economy is characterised by high and continuously rising youth unemployment levels and rates. While countervailing interventions have been attempted in the formal sector, support for youth employment and informal sector entrepreneurship has received limited attention from policymakers. This is a rare study that examined South African youth entrepreneurship by analysing all five available waves of the seriously under-utilised Survey of Employers and Self-Employed (SESE) data, focusing on youth entrepreneurial activities. Youth (15–34 years) and adult (at least 35 years old) informal entrepreneurs were distinguished, before deriving descriptive statistics on business activities, with a specific focus on site of operation, management, employment and net profit use in youth-owned enterprises.
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    Taylor rule influence on the setting of the repurchase rate by the South African Reserve Bank (1989-2009)
    (University of the Western Cape, 2016) Murozvi, Simbarashe; Loots, L. J.
    Monetary policy rules are guidelines applied by policy makers when adjusting monetary instruments towards reaching policy objectives like price stability. The South African Reserve Bank (SARB) uses the repurchase (repo) rate at which it lends to commercial banks as its monetary instrument. This study examines whether the SARB considers the output gap when deciding on changes to the repo rate. In order to test the above hypothesis the study applied a simple multiple linear regression model (quantitative methods). The hypothesis was tested based on the following independent variables: consumer price index (headline), natural real interest rate, potential output and actual output using the Eviews and STAMP econometric software packages. The study focussed on the time period between 1989 and 2009 when the central bank governors were targeting the repo rate as an instrument towards achieving their monetary policy objectives. The results illustrate evidence of 82 % to 92 % correlation in the movements between the predicted Taylor rule with the univariate model and the actual repo rate. This means that the behaviour the SARB monetary policy conduct was sufficiently structured and influenced by the developments of both inflation and the output gap, even though the SARB have not consciously implemented a Taylor model. In short, the output gap and inflation rate gap pressures influenced strongly the monetary policy decisions of the SARB, even before the formal adoption of an inflation targeting framework.