Department of Management and Entrepreneurship

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The usefulness of the value added statement in South Africa
(University of the Western Cape, 1998) Van Staden, Christiaan Johan; Vorster, Quintus
The value added statement is published by about 200 of the 400 companies listed in the industrial sector on the Johannesburg Stock Exchange. This is the highest incidence of publication of such statements reported to date. It appears from a literature review that the usefulness of the statement has never been tested in depth from the perspective of the users. The importance of this study stems from the increased incidence of publication of the statement in South Africa and the lack of evidence substantiating its usefulness. The study aims to investigate the usefulness of the value added statement in South Africa from the perspective of all the different users of external financial information. The literature review revealed that, although the value added statement is based on the theory of value added and was aimed at broadening the scope of financial reporting, it did not develop to the point of being governed by statutory requirements. This resulted in diverse accounting treatment in the statement and the resultant loss of consistency and comparability, which gave an early indication from the literature that value added statements might not be very useful. The usefulness of the value added statement was evidenced by users actually using the statement and the explanatory and predictive power of value added information. No reliable evidence of users actually using the statement was found in the literature. Evidence was found that value added information had greater predictive and explanatory power than earnings, but these findings were found to be inconclusive. A questionnaire survey among users representing the South African users of external financial reports revealed little evidence of actual use of the value added statement. The general usage trend from past to present, was to use the statement less rather than more. More than fifty percent of the respondents do not intend to use the statement in future, even if the shortcomings experienced could be overcome. The major reason for this lack of support for the value added statement seems to be the shortcomings experienced by the users when publishing and using the statement, which stems mainly from the lack of statutory requirements. Another reason is that the value added statement introduces very little information that is not already available from the other financial statements. The predictive and explanatory power of value added information was examined by doing statistical analysis on empirical data of South African listed companies. This analysis indicated that value added information did not have additional explanatory and predictive power when compared to earnings and that the high inter-correlation between value added and earnings prevented value added from being used in prediction models in combination with earnings. The predictive and explanatory power of value added information is therefore limited. This research study could not find sufficient evidence of the usefulness of value added statements to justify their continued publication, neither could it find significant support for future use. It is therefore suggested that the publication of the statement be discontinued and that additional information be included in the income statement disclosures to accommodate this.
An analysis of management's approach to occupational health and safety in the Western Cape chemical sector.
(University of the Western Cape, 2002) Le Roux, P.J; Hirschsohn, P
Employers in South Africa are keen to be referred to as being responsible when dealing with workplace health and safety. However, the poor health and safety record of South African companies generally and especially in the mining and fishing sectors is internationally known. Many observers comment that the picture at plant level does not reflect a commitment and willingness by management to even implement the minimum standards stipulated by legislation without pressure from external sources such as government enforcement agencies or export market pressure. It is well known that the lives of black labourers were worth little during the apartheid era as workers were simply replaced when injured, killed or unable to perform duties due to illness. This legacy still exists today under high unemployment rate in the country does not allow workers the freedom to turn down jobs in high-risk environments or to refuse unsafe tasks. The steady increase of work-related injuries and diseases reported under the Compensation for Occupational Injuries and Diseases Act it came into effect in 1993, is sufficient proof of this sad state of affairs with 289 952 accidents and 3615 occupational diseases reported during the 199711998 financial year. The fatality rate reported in 1996 was 2 220 inclusive of all sectors in the economy. These figures illustrate the need for a new mental model that will value human life irrespective of colour or status in the economy.
South African automotive industry: globalisation, re-structuring and world-class manufacture.
(University of the Western Cape, 2002) Van der Horst, Frank; Hirschsohn, Philip
Political and economic sanctions between 1970 and 1994 isolated the inward-oriented economy of South Africa from global trends. A variety of factors, such as a challenging new global competitive environment, production overcapacity, falling protectionist tariff barriers in a period of liberalisation, world-class manufacture and globalisation, are contributing to the reform of the economy and the automotive industry. The South African automotive industry therefore faces a major reform in trade policy. The South African government introduced the Motor Industry Development Plan (MIDP) in 1995, to create the necessary levels of competitiveness, promote world class manufacture practices, increase levels of investments and exports that would consequently lead to the successful reconstruction and development of this sector of the South African economy. Subsequent research has shown that the successful adoption of world-class manufacture (or lean production) processes in the South African automotive industry is necessary not only for survival, but also for increased competitiveness of the industry and the improved economic performance of automotive firms. However, complicated links exist between the adoption of world-class manufacture for improved levels of operational competitiveness. for firm-level success, on the one hand, and long-term sustainability of the industry, on the other hand. Combined firm level economic success and long-term sustainability of the industry depend on factors such as international trends, connectivity to global value chains, modern technological capabilities, lean production and enterprise systems, substantial investments, increased exports, world-wide quality standards, as well as customer satisfaction, human resource development, advanced education, skills development, worker participation, government policy and institutional support. This is borne out by a recent study of the auto component sector, utilising a lean , production 'market driver' toolkit. The study found that although component manufacturers significantly improved their operational competitiveness, they have not necessarily experienced improved economic performance levels. More important is connectedness and integration into global value chains, via intermediaries, mergers and acquisitions. The changing political economy of automotive value chains is also important in shaping fum-level operational success and industry sustainability. In this research paper, we review global automotive industry trends which influenced the introduction of the government's visionary MIDP. We then discuss their impact on the performance of the South African assembly and component sectors at industry and finn level. This leads to a series of recommendations for improved performance to world-class manufacture, world-wide quality standards and global competitiveness
South African automotive industry: Globalisation, re-structuring and world-class manufacture.
(University of the Western Cape, 2002) van der Horst, Frank A.; Hirschsohn, Philip
Political and economic sanctions between 1970 and 1994 isolated the inward-oriented economy of South Africa from global trends. A variety of factors, such as a challenging new global competitive environment, production overcapacity, falling protectionist tariff barriers in a period of liberalisation, world-class manufacture and globalisation, are contributing to the reform of the economy and the automotive industry. The South African automotive industry therefore faces a major reform in trade policy. The South African government introduced the Motor Industry Development Plan (MIDP) in 1995, to create the necessary levels of competitiveness, promote worldclass manufacture practices, increase levels of investments and exports that would consequently lead to the successful reconstruction and development of this sector of the South African economy. Subsequent research has shown that the successful adoption of world-class manufacture (or lean production) processes in the South African automotive industry is necessary not only for survival, but also for increased competitiveness of the industry and the improved economic performance of automotive firms. However, complicated links exist between the adoption of world-class manufacture for improved levels of operational competitiveness. for firm-level success, on the one hand, and long-term sustainability of the industry, on the other hand. Combined firm level economic success and long-term sustainability of the industry depend on factors such as international trends, connectivity to global value chains, modern technological capabilities, lean production and enterprise systems, substantial investments, increased exports, world-wide quality standards, as well as customer satisfaction, human resource development, advanced education, skills development, worker participation, government policy and institutional support. This is borne out by a recent study of the auto component sector, utilising a lean , production 'market driver' toolkit. The study found that although component manufacturers significantly improved their operational competitiveness, they have not necessarily experienced improved economic performance levels. More important is connectedness and integration into global value chains, via intermediaries, mergers and acquisitions. The changing political economy of automotive value chains is also important in shaping fum-level operational success and industry sustainability.
The Application of Process Improvement Techniques at a Clothing Manufacturing Company in the Western Cape.
(University of the Western Cape, 2003) Ayeah, Ebenezer Nkwain; Grutter, Anton
This research project focuses on the application of process improvement techniques in a clothing manufacturer to address delay problems in workflow in the factory. The objective of the research is threefold; investigate delays at the beginning of production and make suggestions, show the usefulness of continuous improvement techniques in improving activities in a clothing manufacturer and demonstrate how action research can be used in doing research in production and operation management. Using tools such as flow charts, check sheets, pareto analysis, fishbone diagrams, interviews and the "ask why five times" tool, an investigation into delays led to a second investigation into sewing defects. This established that these sewing defects are caused mainly by time constraints, the malfunctioning of machines, the wrong handling of garments, and previous operations. After an investigation using the above tools it was established that these defects could be addressed by setting realistic targets, doing regular maintenance on machines, cautioning operators to be more careful during their operations, and encouraging regular checks on garments before the next operation. The action learning methodology led to the following lessons; selecting a correct measuring tool is important, that not all tools need to be used, and that it takes time to do a research project using this method.
An assessment of management practices in Chinese family-owned SMEs in the Cape Metropolitan area
(University of the Western Cape, 2004) Ping, Yu; Visser, Kobus; Dept. of Management; Faculty of Economics and Management Sciences
China is a country built on traditions and one of its most respected traditions is a preference for the family unit. The closeness of the family unit is carried over into the economic life of the country. Family members not only live together, but also work together in the fields or in enterprises. The advantage of this is that families have a guaranteed labour force that is not only loyal and can also be trusted. The disadvantage however is that positioning within the business is not always based on merit and competence, or trustworthiness which can ultimately impede growth. This research was an examination of Chinese family-owned businesses that focused on their management practices. The purpose of the study was to explore the management characteristics of Chinese family-owned businesses by means of interview data collected from five Chinese businesses in the Cape Metropolitan area. The emphasis of the project concentrated on the establishment, expansion and growth, ownership and leadership, management structure, the impact of cultural factors and the strategy for the future as well as challenges in terms of competitors and environments.
Entrepreneurship and the impact of entrepreneurial orientation training on SMMEs in the South African context: A longitudinal approach
(University of the Western Cape, 2004) Solomon, Goosain; Friedrich, Christian; Dept. of Management; Faculty of Economics and Management Sciences
This thesis formed part of a existing longitudinal study. The overall study is an outcome of research done to understand success and failure issues in Africa, which is an attempt to understand the impact of a short entrepreneurial training programme on the performance of small scale enterprises over time. The study is unique in the South African context in that it is the first short term, 3 days, entrepreneurial training programme that is assessed by means of a longitudinal method incorporating a control group.
Entrepreneurship education at tertiary institutions in Rwanda: a situation analysis
(University of the Western Cape, 2005) Niyonkuru, Richard; Visser, Kobus; Dept. of Management; Faculty of Economics and Management Sciences
This study explored the provision of entrepreneurship education at higher education institutions in Rwanda with special reference to the levels of provision, support mechanisms, course objectives, contents, teaching and assessment methods to ascertain whether they are appropriately developed to prepare students for entrepreneurship as a career option.
An analysis of university policy responses in the Western Cape to government policy on the recognition of prior learning
(University of the Western Cape, 2005) Mobarak, Kaashiefa; Blackmur, Douglas; Dept. of Management; Faculty of Economics and Management Sciences
The South African government plays a direct and active role in facilitation the development of a skilled workforce. The effective mobilisation, development and utilisation of South Africa's human resource capacity are critical for the success of the economy, institution building and the transformation process. In this context, the development of a system of Recognition of Prior Learning is one of the government's significant initiatives. This research examined whether the policy documents of the universities in the Western Cape comply with the requirements of the National Government Recognition of Prior Learning policy.
Diversified mentoring relationships in the South African context: an exploratory framework
(University of the Western Cape, 2006) Smith, Yusuf; Hirschsohn, hillip; Dept. of Management; Faculty of Economics and Management Sciences
The role that mentor and protégé play in transforming South African society in general and the business environment in particular, is important and lends new meaning to “leveling of the playing fields”. Fundamental to the success of any mentorship programme is the relationship between the mentor and the protégé. Since mentors play a key role in shaping the protégé they have to employ strategies that offer practical and emotional support to the protégé while understanding the implications of mentoring in a particular social and political context. The mentor is also an intermediary between the protégé and the organization. Diversified mentoring relationships, involving experienced ‘white’ mentors and protégés from historically disadvantaged backgrounds, pose particular challenges in the South African context. Despite the importance of mentoring there is a dearth of local literature on diversified mentoring relationships in the South African context. Drawing on the international literature, this research report develops an exploratory analytical framework to understand mentoring relationships, with particular reference to the South African regulatory context and the internal organizational factors that impact mentoring relationships, and the effect on affirmative action in South African organizations.
The adoption of electronic data interchange among small to medium enterprise suppliers to a large distribution center in South Africa
(University of the Western Cape, 2006) Naicker, Visvanathan; Pillay, Rubin; Mansfield, Glen; Dept. of Management; Faculty of Economics and Management Sciences
Electronic Data Interchange (EDI) plays an important role in improving organizational competitiveness. Information technology has been instrumental in integrating functional areas within and outside firms. This research used empirical evidence to evaluate the state of EDI in the in the willingness of SME's to connect electronically to a large distribution centre in South Africa. Furthermore, it investigated the EDI adoption rate from the viewpoint of a small business. Many such businesses feel coerced by larger trade partners to adopt EDI or lose the customer.
Interorganizational relationship management: managing across hierachies, markets and networks
(University of the Western Cape, 2006) Muleya, Cedrick; Isaacs, Eslyn; Dept. of Management; Faculty of Economics and Management Sciences
This study focused on understanding inter-organizational relationships (IOR) of a dynamic nature. A dynamic process that has repetitive sequences of negotiation, commitment, and execution stages is central to inter-organizational relationships. The dynamic process is a tool that is used by management through collaboration, co-operation, and coordination to engender formation, governance, and performance of inter-organizational relationships. This report looked into how the resource-dependency theory gives insight into the formation of an inter-organizational relationships and how the transaction-cost theory contributes to the understanding ofinter-organizational relationships governance.
Major issues arising out of industrial relations disputes in Ghana since independence: 1957 - 2004
(University of the Western Cape, 2006) Adu-Poku, Franci; Blackmur, Douglas; Dept. of Management; Faculty of Economics and Management Sciences
This thesis analysed the significance of disputes or conflict in Ghana's industrial realtions since her independence in 1957. It further analysed the causes of industrial conflict and its management or resolution in Ghana in particular. Scholars argue that industrial conflict may not only adversely affect the living standards of both the employers and the employees but may also destabilize the labour market and bring about industrial injustices. The thesis outlines the historical development of Ghana's industrial realtions since independence with special reference to strikes.
Perceptions of managers regarding the barriers to implementing the Employment Equity Plan of the City of Cape Town :an exploratory study
(University of the Western Cape, 2006) Prince, Freddy; Jones, D.E.M; Dept. of Management; Faculty of Economics and Management Sciences
During the amalgamation of the seven substructures within the City of Cape Town specific problems arose around employment equity issues and consequently the City of Cape Town has introduced an Employment Equity Plan. This study investigated the perceptions held by managers regarding the barriers that can mitigate againsst the successful implementation of the Employment Equity Plan.
Evaluation of employment creation by African immigrant entrepreneurs for unemployed South Africans in Cape Town
(University of the Western Cape, 2007) Kalitanyi, Vivence; Visser, D.J.; Dept. of Management; Faculty of Economics and Management Sciences
There has been a lot of comment and reaction to the presence of immigrants in South Africa, and most of it has been very negative. In light of the negative reaction, one can ask whether immigrants do in fact add any value to the well being of the host countries, given their education, experience and high involvement in small businesses. Several studies have noted that the relatively highr level of education and skills of migrants is at the same level as those of the host populations. This research is aimed at contributing to the debate of the perception that immigrants are taking up jobs that are supposed to belong to South Africans.
Employment practices in the transition to lean production: worker perspectives in a South African auto components firm
(University of the Western Cape, 2008) Jordaan, Anita; Hirschsohn, P.; Dept. of Management; Faculty of Economics and Management Sciences
Proponents of lean production (LP) argue that successful implementation is dependent on creating an organisational climate that complements the adoption and implementation of innovation. Transformation of the organisational climate, from a culture of adversarialism (management versus workers) and worker exclusion (in terms of decision making) toward a culture of co-operation and worker participation, is thus a necessary complement to LP. Successful implementation of LP, and associated practices, thus requires the commitment of all stakeholders. This study explores worker attitudes towards transition to LP within a chosen company in the South African auto components sector. The study focuses on understanding worker perceptions of shifts in Human Resource and Industrial Relations practices which are associated with the transition to LP. The research reports on two surveys of workers to better understand their perceptions of the changes to the relationships among workers, and between workers and management.
Regional integration in Southern Africa with a specific focus on the challenge of multiple membership, using SADC as a case study
(2009) Ngenyeh, Kangami Divine; Stoltz, Elizabeth
Regional integration dates back to the work of Jacob Viner who distinguished between the terms ‘trade creation’ versus ‘trade diversion’ in the context of the gains from customs unions. Since then regional trade agreements have been entered into all over the world and almost all members of the World Trade organisation are members of at least one trade agreement. Moreover, individual countries have also signed free trade agreements with countries not involved in the same regional block. Also, in this era of globalisation, the demands of the WTO often work against progress to deeper integration in the specific regions.Despite their relatively weak performance, Africa is home to the largest number of regional trade agreements where member states of a particular regional trade block also belong to anther regional block or have signed preferential trade agreements with third countries. This phenomenon of multiple memberships is particularly true of trade blocks in Southern Africa. For example, the DRC, Malawi, Angola, Madagascar, Mauritius, Swaziland, Zambia and Zimbabwe are members of SADC, but also full members of COMESA.This report presents a study on regional integration in Southern Africa and specifically focuses on the presence of overlapping memberships in Southern and Eastern Africa. It provides a descriptive overview of COMESA, the EAC, SACU and SADC where member countries of the former blocks are also members of SADC, but focuses specifically on the problems and challenges due to multiple memberships, such as different approaches to regional integration, problems related to different rules of origin and non-tariff barriers, amongst others.Thereafter the focus is on SADC as regional trade block. The report discusses the establishment of SADC, its main aims and economic performance since its inception and also the special problems and challenges, such as the multiple memberships of its members. Finally South Africa’s preferential trade agreement with the European Union is discussed as example of how multiple membership impact on the development of trade relations between member countries of SADC.
An assessment of Casino gambling on black economic empowerment: Western Cape as a case
(2010) Pilane, K.L.; Vries, L.E.R.De
The study has three objectives; firstly to assess the (manner of) implementation of black economic empowerment (BEE) principles by casino licence operators in the Western Cape, namely GrandWest, Casino Mykonos, and Caledon Casino & Spa, during the construction and initial operation phases; secondly, to discuss casino gambling from a marketing strategy theory perspective; and thirdly, to measure consumer behaviour theory as demonstrated by casino patrons. Government(s) and casino industry executives present casino gambling as a source of revenue and employment, and disregard the social costs incurred by society in the production of this revenue and employment sustenance.This study is an evaluability assessment study where reports from the Western Cape Gambling and Racing Board‟s social equity committee where used for the objective of the study. As a result, the sample of the study was formed by the three above-mentioned casinos that were operating in the Western Cape at the beginning of the project. The proposed government strategy on Black Economic Empowerment (BEE) was critiqued to try and understand the government‟s position relative to the initiative. The social equity committee monitoring reports where analysed to assess the performance of casino operators relative to their BEE undertakings in their licences. Data formed by reports and literature has been summarised and presented to try and help in clarifying the position of casino gambling on black economic empowerment and specifically the (economic) empowering of host communities and society at large.Recommendations where made with the view highlighting the need for a strategy towards greater empowerment of host communities. As a result, the researcher suggests that further research be conducted into the relationship between the profitability of a casino and proliferation of social problems attributed directly to the presence of a casino complex.
A cointegration analysis of sectoral export performance and economic growth in South Africa
(2012) Cipamba, Paul Cipamba WA; Makaudze, Ephias
The objective of this study is to investigate the empirical relationship between exports and economic growth in order to ascertain whether the hypothesis of export-led growth is valid in the case of South Africa. This study has not only focused on sectoral exports for the period 1990-2011; but it has also examined total exports for the period extending from 1970 to 2011. Using quarterly data and time series econometric techniques of co-integration and Granger-causality tests over the two set of periods, the key findings of the study are as follows: (i) At the aggregate level (using total exports): the technique of co-integration suggests that total exports and GDP moved together in the long-run, though deviations from the steady state might happen in the short-run. Furthermore, Granger causality tests inferred from the Vector Error Correction model reveal that the direction of causality between export and GDP growth is bidirectional. (ii) At the sectoral level (using the main component of exports): export-growth link emerges as a long-run behavioural relationship since a co-integrating relation was found among output and agricultural, manufactured and mining exports. This relationship demonstrates that manufactured exports have the greatest positive impact on output growth. (iii) Sectoral level Granger-causality tests based on ECM reveal the existence of a long run causality running from manufactured exports to GDP; whereas the short-run causality runs from manufactured and mining exports to GDP. However, the Toda-Yamamoto Granger test confirms only short-run causality from manufactured exports to GDP. In both cases, there is evidence of a uni-directional causality from exports to GDP.The above results show that the hypothesis of export-led growth is valid for South Africa. This implies that exports, particularly manufactured and mining exports play a key role in driving economic growth. Hence, the key policy implication of these results is that, measures which aim at stimulating production for exports and shifting the content of exports will meaningfully contribute to the improvement of GDP growth and employment prospects in South Africa.
Perceptions of diversity management in a public sector organization /government institution within the Western Cape
(2013) Veldsman, Dehlia Melissa; Heslop, Karl
In modern organisations, diversity management is seen as an important factor for success. If diversity is not managed correctly, it could impact how and if organisations meet their goals. The purpose of diversity management is to get to a point of utilisation of skills of individuals. Research (Erasmus, 2007) suggests that diversity management success is highly dependent on perceptions of employees. The main intent of the current research was to gain an insight into employee perceptions around workforce diversity. These perceptions were evaluated using the Workplace Diversity Survey with a sample of public sector employees to ascertain whether there are statistically significant differences in employee perceptions based on age, gender, population group and directorate. Informed consent was sought from the HR manager in the public service department where the research was undertaken. A cross sectional study was conducted and based on a convenience sample of 200 voluntary participants within the public sector. Data was captured and analysed using the Statistical Package for the Social Sciences (SPSS) version 21. The results indicate that there are statistically significant differences with respect to gender, age, population group and , respectively, and perceptions of diversity. These findings suggest, that, despite 20 years of democracy within South Africa, on-going training and development of employees is required, along with frequent surveys to determine how individuals react to a heterogeneous workforce.

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