Human capital of financial planners and value creation in South African financial planning businesses
- Palframan, Jaqueline birgitta
- Authors: Palframan, Jaqueline birgitta
- Date: 2022-04
- Subjects: Human capital -- South Africa , Corporations--Finance
- Language: English
- Type: Doctoral's theses , text
- Identifier: http://hdl.handle.net/10948/58123 , vital:58582
- Description: Improved healthcare enables people to live longer and thus spend more time in retirement than ever before. In addition, South Africans have a low propensity to save and invest, resulting in the danger of them living longer than their finances permit. The financial planning industry is also experiencing the technological automation of many transactional services, which could make the “traditional” role of financial planners redundant. Furthermore, financial planning businesses are prone to failure, especially during the start-up phase. As such, appropriate business management strategies, especially those relating to human capital, are critical to facilitate the effective development of financial planning businesses and which will enable financial planners to better engage with existing and new clients, resulting in creating more value creation for their financial planning businesses and benefitting the South African economy at large. It is a well-known fact that people who engage with a financial planner report better outcomes in terms of financial and general well-being than those who approach financial planning with a “do-it-yourself” mindset, which further emphasises why the longevity of financial planning businesses in South Africa is important. To date, however, limited academic research has been conducted on the influence of financial planners’ human capital on value creation in their financial planning businesses. Furthermore, although research in the financial planning field is growing, previous research has mostly focused on areas pertaining to financial advice, the financial planning process and products used in financial planning, rather than on the creation of profitable businesses or on how to create value within these businesses. Against this background, the primary objective of this study is to investigate the influence of selected Human capitals of financial planners on value creation in South African financial planning businesses. More specifically, the study investigates the influence of the independent variables of Social capital (measured individually in terms of its sub-categories, Relational social capital, Network social capital and Cognitive social capital), Entrepreneurial capital and Psychological capital on the dependent variables (Perceived financial value creation and Perceived non-financial value creation). v Based on the primary objective and research questions of the study, as well as the assumptions of the researcher, this study was positioned in the positivistic research paradigm and a deductive approach to theory development was adopted. The purpose of the study was explanatory, and a mono-method, quantitative methodological approach was selected. A survey strategy using a cross-sectional approach was undertaken and a measuring instrument in the form of an online questionnaire was developed to gather the data required. After undertaking a pilot study, the electronic link to the covering letter and online questionnaire was sent to potential respondents identified through the convenience and snowball sampling techniques. The data collection yielded 360 usable responses from South African financial planners on which to undertake the statistical analysis. Data analysis ensued to investigate the hypothesised relationships between the independent and dependent variables. A confirmatory factor analysis (CFA) was performed on each of the factors that made up the measurement models. These CFAs were compared to the various goodness-of-fit indices and then validity and reliability assessments of the factors were conducted to confirm the suitability of the measuring instrument. Thereafter, Cronbach’s alpha coefficients, average variance extracted (AVE) estimates and squared correlations between the constructs were reported. The hypothesised model was confirmed based on these analyses. Descriptive statistics and correlation results on the dependent and independent variables were then reported. Structural equation modelling (SEM) was used as the statistical technique to test the significance of the hypothesised direct and moderating relationships. The results confirmed a direct, significant relationship between all the independent variables, namely, Social capital (measured individually in terms of its sub-categories, Relational social capital, Network social capital and Cognitive social capital), Entrepreneurial capital and Psychological capital, and the dependent variables (Perceived financial value creation and Perceived non-financial value creation). Regarding the hypothesised moderating influence of Social capital on the relationships between the independent variables Entrepreneurial capital and Psychological capital, and the dependent variables, it was found that only Relational social capital and Network social capital moderated the relationship between Psychological capital and Perceived financial value creation. vi This study has contributed to the body of knowledge of financial planning in general, as well as how the human capital of financial planners influences both financial and non-financial value creation in financial planning businesses. Practical recommendations were made that could enhance financial planners’ value creation in financial planning businesses, which, in turn, would influence the sustainability of these important businesses. , Thesis (PhD) -- Faculty of Business and Economic science, 2022
- Full Text:
- Date Issued: 2022-04
- Authors: Palframan, Jaqueline birgitta
- Date: 2022-04
- Subjects: Human capital -- South Africa , Corporations--Finance
- Language: English
- Type: Doctoral's theses , text
- Identifier: http://hdl.handle.net/10948/58123 , vital:58582
- Description: Improved healthcare enables people to live longer and thus spend more time in retirement than ever before. In addition, South Africans have a low propensity to save and invest, resulting in the danger of them living longer than their finances permit. The financial planning industry is also experiencing the technological automation of many transactional services, which could make the “traditional” role of financial planners redundant. Furthermore, financial planning businesses are prone to failure, especially during the start-up phase. As such, appropriate business management strategies, especially those relating to human capital, are critical to facilitate the effective development of financial planning businesses and which will enable financial planners to better engage with existing and new clients, resulting in creating more value creation for their financial planning businesses and benefitting the South African economy at large. It is a well-known fact that people who engage with a financial planner report better outcomes in terms of financial and general well-being than those who approach financial planning with a “do-it-yourself” mindset, which further emphasises why the longevity of financial planning businesses in South Africa is important. To date, however, limited academic research has been conducted on the influence of financial planners’ human capital on value creation in their financial planning businesses. Furthermore, although research in the financial planning field is growing, previous research has mostly focused on areas pertaining to financial advice, the financial planning process and products used in financial planning, rather than on the creation of profitable businesses or on how to create value within these businesses. Against this background, the primary objective of this study is to investigate the influence of selected Human capitals of financial planners on value creation in South African financial planning businesses. More specifically, the study investigates the influence of the independent variables of Social capital (measured individually in terms of its sub-categories, Relational social capital, Network social capital and Cognitive social capital), Entrepreneurial capital and Psychological capital on the dependent variables (Perceived financial value creation and Perceived non-financial value creation). v Based on the primary objective and research questions of the study, as well as the assumptions of the researcher, this study was positioned in the positivistic research paradigm and a deductive approach to theory development was adopted. The purpose of the study was explanatory, and a mono-method, quantitative methodological approach was selected. A survey strategy using a cross-sectional approach was undertaken and a measuring instrument in the form of an online questionnaire was developed to gather the data required. After undertaking a pilot study, the electronic link to the covering letter and online questionnaire was sent to potential respondents identified through the convenience and snowball sampling techniques. The data collection yielded 360 usable responses from South African financial planners on which to undertake the statistical analysis. Data analysis ensued to investigate the hypothesised relationships between the independent and dependent variables. A confirmatory factor analysis (CFA) was performed on each of the factors that made up the measurement models. These CFAs were compared to the various goodness-of-fit indices and then validity and reliability assessments of the factors were conducted to confirm the suitability of the measuring instrument. Thereafter, Cronbach’s alpha coefficients, average variance extracted (AVE) estimates and squared correlations between the constructs were reported. The hypothesised model was confirmed based on these analyses. Descriptive statistics and correlation results on the dependent and independent variables were then reported. Structural equation modelling (SEM) was used as the statistical technique to test the significance of the hypothesised direct and moderating relationships. The results confirmed a direct, significant relationship between all the independent variables, namely, Social capital (measured individually in terms of its sub-categories, Relational social capital, Network social capital and Cognitive social capital), Entrepreneurial capital and Psychological capital, and the dependent variables (Perceived financial value creation and Perceived non-financial value creation). Regarding the hypothesised moderating influence of Social capital on the relationships between the independent variables Entrepreneurial capital and Psychological capital, and the dependent variables, it was found that only Relational social capital and Network social capital moderated the relationship between Psychological capital and Perceived financial value creation. vi This study has contributed to the body of knowledge of financial planning in general, as well as how the human capital of financial planners influences both financial and non-financial value creation in financial planning businesses. Practical recommendations were made that could enhance financial planners’ value creation in financial planning businesses, which, in turn, would influence the sustainability of these important businesses. , Thesis (PhD) -- Faculty of Business and Economic science, 2022
- Full Text:
- Date Issued: 2022-04
Understanding the learning that occurs through up-skilling opportunities and practices in the marine sector of South Africa
- Authors: Bell, Caroline Margaret
- Date: 2019
- Subjects: Biodiversity conservation -- South Africa , Human capital -- South Africa , Marine sciences -- Employees -- South Africa -- Training of , Biodiversity Human Capital Development Strategy (South Africa)
- Language: English
- Type: text , Thesis , Doctoral , PhD
- Identifier: http://hdl.handle.net/10962/93966 , vital:30977
- Description: South Africa is characterised by cultural and biological diversity which constitute a unique context in which to conduct educational research, such as this doctoral study looking at human capital development in the marine biodiversity context. The drive for transformation in the country is also a major factor to consider when researching any sector of the economy, in this case, the biodiversity sector. The biodiversity sector includes organisations involved in biodiversity conservation, research and management. Previous research in the sector has found a clear need for well-thought out workplace skills plans within conservation and research organisations. The national Biodiversity Human Capital Development Strategy that was produced in 2010 by the South African National Biodiversity Institute outlines how all the organisations involved in the biodiversity sector of South Africa need to participate in strengthening the sector through a range of human capital development strategies. This includes extending the existing human capacity of managers and scientists who are already in the workplace, i.e. up-skilling. In particular, ‘scarce’ skills, as identified by the national Environmental Sector Skills Plan need further attention and development. The scarce skills relevant to this study are: protected area managers; ecosystem managers and post-graduate researchers, hence the focus on managers and scientists in this research. The marine sector falls within the biodiversity sector and it faces multiple conservation challenges which are complex and it is therefore essential to have skilled and capable managers and scientists in place. By investigating the up-skilling opportunities and practices available to these marine professionals, the goal is to understand if and how learning takes place in the marine sector of South Africa. The main research question of this study is: How do up-skilling opportunities and practices enable learning in, through and for the workplace, by marine professionals? In addition, three sub-questions provide finer details and introduce the central concepts of the research: I. What up-skilling opportunities and professional practices exist in or for, marine research and conservation organisations and how are they constituted and enacted via practice-based sayings, doings and relatings? II. How do the individuals learn and exercise their agency within the socio-material realities of the marine scientific and management context, through making use of up-skilling opportunities that are both formal (e.g. course based) and informal? III. How do generative mechanisms shape the constitution and enactment of up-skilling opportunities and practices, and the learning and agency of marine professionals (scientists and managers)? The theoretical work of this study consisted of, first, considering sensitising concepts which included: defining skill and knowledge; considering what an up-skilling opportunity might look like; workplace learning (both formal and informal learning); professional practices, lifelong learning or adult education, and agency in the workplace. Critical realism was then employed as the meta-theory that underlabours this research, while the substantive theories used for analysis purposes were socio-materialism and practice theory. Of course, critical realism is a socio-material theory itself, and Bhaskar’s four-planar social being or Social Cube was used to interpret and synthesise the findings in the data chapters. The methodological framework of this study explores the implications of critical realism for research design and analysis and includes a contextual profiling phase, semi-structured interviews, analysis of documents and peer-reviewed papers, as well as observations. There are nine case studies that form the focus of this research and in total 18 research participants were involved. Data analysis included abduction and retroduction as the primary modes of inference and the main analytical tool was the framework of practice architectures where I took the ‘sayings’, ‘doings’ and ‘relatings’ as themes. Further themes were developed from the other relevant theories used in this study; hence socio-materialism, learning, agency, and formal and informal opportunities, were also used as themes when coding the data. Issues around validity, ethics and reflexivity are key elements of the research design and were carefully considered throughout the research process. The principal data chapters are structured in such a way that each sub-question is considered and ultimately the findings are presented in the form of generative mechanisms which included: the politics of social transformation and knowledge as a driving force of up-skilling; the influence of individual disposition and passion or will; the importance of the socio-material realities and realistic expectations; and how relationality is critical for the marine sector. Agency was a cross-cutting theme in all the discussions around learning, practices and the role of the material, and was highly influential on the mechanisms that have been described in this study. The experiences, events and mechanisms that were uncovered in this research provide insight into the forms of learning as these relate to up-skilling that occur in the marine sector, as well as the complex relationships between formal and informal learning. The professional practices that occur in the everyday working lives of the marine professionals were shown to be an integral part of the learning process, while formal, certified opportunities are important for strengthening the field and building conservation competence in the country. By uncovering the deeper structures and mechanisms that have power and causal efficacy when it comes to up-skilling opportunities, learning and professional practices, this study has contributed to the field of environmental education as it shows how up-skilling processes operate in complex formations that involve formal and informal learning processes in workplaces. The study also offers a more nuanced view of the relational objects in this field, such as up-skilling and workplace learning, via the inclusion of a socio-material analysis. Through a theoretical and methodological framework that focused on the material using the tools of practice theory and Bhaskar’s depth ontology and four-planar social being (to synthesise and interpret the findings from a critical realist perspective), this research highlights the unique context of up-skilling opportunities and practices in the marine sector and reveals the crucial role of agency in workplace practices. This leads to a better understanding of the up-skilling opportunities and practices of marine professionals in South Africa, which ultimately contributes towards improved human capital development in the biodiversity and environmental sectors. Through offering more complex insights into the forms of learning and up-skilling, as well as a distinct methodological contribution, this research has broader relevance for workplace learning research.
- Full Text:
- Date Issued: 2019
- Authors: Bell, Caroline Margaret
- Date: 2019
- Subjects: Biodiversity conservation -- South Africa , Human capital -- South Africa , Marine sciences -- Employees -- South Africa -- Training of , Biodiversity Human Capital Development Strategy (South Africa)
- Language: English
- Type: text , Thesis , Doctoral , PhD
- Identifier: http://hdl.handle.net/10962/93966 , vital:30977
- Description: South Africa is characterised by cultural and biological diversity which constitute a unique context in which to conduct educational research, such as this doctoral study looking at human capital development in the marine biodiversity context. The drive for transformation in the country is also a major factor to consider when researching any sector of the economy, in this case, the biodiversity sector. The biodiversity sector includes organisations involved in biodiversity conservation, research and management. Previous research in the sector has found a clear need for well-thought out workplace skills plans within conservation and research organisations. The national Biodiversity Human Capital Development Strategy that was produced in 2010 by the South African National Biodiversity Institute outlines how all the organisations involved in the biodiversity sector of South Africa need to participate in strengthening the sector through a range of human capital development strategies. This includes extending the existing human capacity of managers and scientists who are already in the workplace, i.e. up-skilling. In particular, ‘scarce’ skills, as identified by the national Environmental Sector Skills Plan need further attention and development. The scarce skills relevant to this study are: protected area managers; ecosystem managers and post-graduate researchers, hence the focus on managers and scientists in this research. The marine sector falls within the biodiversity sector and it faces multiple conservation challenges which are complex and it is therefore essential to have skilled and capable managers and scientists in place. By investigating the up-skilling opportunities and practices available to these marine professionals, the goal is to understand if and how learning takes place in the marine sector of South Africa. The main research question of this study is: How do up-skilling opportunities and practices enable learning in, through and for the workplace, by marine professionals? In addition, three sub-questions provide finer details and introduce the central concepts of the research: I. What up-skilling opportunities and professional practices exist in or for, marine research and conservation organisations and how are they constituted and enacted via practice-based sayings, doings and relatings? II. How do the individuals learn and exercise their agency within the socio-material realities of the marine scientific and management context, through making use of up-skilling opportunities that are both formal (e.g. course based) and informal? III. How do generative mechanisms shape the constitution and enactment of up-skilling opportunities and practices, and the learning and agency of marine professionals (scientists and managers)? The theoretical work of this study consisted of, first, considering sensitising concepts which included: defining skill and knowledge; considering what an up-skilling opportunity might look like; workplace learning (both formal and informal learning); professional practices, lifelong learning or adult education, and agency in the workplace. Critical realism was then employed as the meta-theory that underlabours this research, while the substantive theories used for analysis purposes were socio-materialism and practice theory. Of course, critical realism is a socio-material theory itself, and Bhaskar’s four-planar social being or Social Cube was used to interpret and synthesise the findings in the data chapters. The methodological framework of this study explores the implications of critical realism for research design and analysis and includes a contextual profiling phase, semi-structured interviews, analysis of documents and peer-reviewed papers, as well as observations. There are nine case studies that form the focus of this research and in total 18 research participants were involved. Data analysis included abduction and retroduction as the primary modes of inference and the main analytical tool was the framework of practice architectures where I took the ‘sayings’, ‘doings’ and ‘relatings’ as themes. Further themes were developed from the other relevant theories used in this study; hence socio-materialism, learning, agency, and formal and informal opportunities, were also used as themes when coding the data. Issues around validity, ethics and reflexivity are key elements of the research design and were carefully considered throughout the research process. The principal data chapters are structured in such a way that each sub-question is considered and ultimately the findings are presented in the form of generative mechanisms which included: the politics of social transformation and knowledge as a driving force of up-skilling; the influence of individual disposition and passion or will; the importance of the socio-material realities and realistic expectations; and how relationality is critical for the marine sector. Agency was a cross-cutting theme in all the discussions around learning, practices and the role of the material, and was highly influential on the mechanisms that have been described in this study. The experiences, events and mechanisms that were uncovered in this research provide insight into the forms of learning as these relate to up-skilling that occur in the marine sector, as well as the complex relationships between formal and informal learning. The professional practices that occur in the everyday working lives of the marine professionals were shown to be an integral part of the learning process, while formal, certified opportunities are important for strengthening the field and building conservation competence in the country. By uncovering the deeper structures and mechanisms that have power and causal efficacy when it comes to up-skilling opportunities, learning and professional practices, this study has contributed to the field of environmental education as it shows how up-skilling processes operate in complex formations that involve formal and informal learning processes in workplaces. The study also offers a more nuanced view of the relational objects in this field, such as up-skilling and workplace learning, via the inclusion of a socio-material analysis. Through a theoretical and methodological framework that focused on the material using the tools of practice theory and Bhaskar’s depth ontology and four-planar social being (to synthesise and interpret the findings from a critical realist perspective), this research highlights the unique context of up-skilling opportunities and practices in the marine sector and reveals the crucial role of agency in workplace practices. This leads to a better understanding of the up-skilling opportunities and practices of marine professionals in South Africa, which ultimately contributes towards improved human capital development in the biodiversity and environmental sectors. Through offering more complex insights into the forms of learning and up-skilling, as well as a distinct methodological contribution, this research has broader relevance for workplace learning research.
- Full Text:
- Date Issued: 2019
Variables affecting family employee remuneration in South African family businesses
- Authors: Pitsiladi, Lesvokli N
- Date: 2016
- Subjects: Family-owned business enterprises -- South Africa , Human capital -- South Africa
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: http://hdl.handle.net/10948/3449 , vital:20431
- Description: The purpose of this multi-case study research was to determine variables that affect The Perceived Success of Fair Family Employee Compensation in South African family businesses. Five propositions: Human Capital, Outside Advice, Succession Planning, Fairness and Family Harmony were tested and as a result, Human Capital, Fairness and Family Harmony were deduced to have a positive influence, while Outside Advice and Succession Planning had a non-significant influence. The present research effort begun with an in-depth literature review on family business and the variables: Human Capital, Outside Advice, Succession Planning, Fairness, Family Harmony and Fair Family Employee Compensation, followed by a qualitative explanatory multi-case study research design using embedded units of analysis and provided a valuable insight into compensation issues regarding family businesses in South Africa. Replication logic was used to generalise the results and it was recommended that the preliminary theory regarding Outside Advice and Succession Planning be revised and tested with another set of cases, while the results indicated that Human Capital, Fairness and Family Harmony could be generalised to the broader theory.
- Full Text:
- Date Issued: 2016
- Authors: Pitsiladi, Lesvokli N
- Date: 2016
- Subjects: Family-owned business enterprises -- South Africa , Human capital -- South Africa
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: http://hdl.handle.net/10948/3449 , vital:20431
- Description: The purpose of this multi-case study research was to determine variables that affect The Perceived Success of Fair Family Employee Compensation in South African family businesses. Five propositions: Human Capital, Outside Advice, Succession Planning, Fairness and Family Harmony were tested and as a result, Human Capital, Fairness and Family Harmony were deduced to have a positive influence, while Outside Advice and Succession Planning had a non-significant influence. The present research effort begun with an in-depth literature review on family business and the variables: Human Capital, Outside Advice, Succession Planning, Fairness, Family Harmony and Fair Family Employee Compensation, followed by a qualitative explanatory multi-case study research design using embedded units of analysis and provided a valuable insight into compensation issues regarding family businesses in South Africa. Replication logic was used to generalise the results and it was recommended that the preliminary theory regarding Outside Advice and Succession Planning be revised and tested with another set of cases, while the results indicated that Human Capital, Fairness and Family Harmony could be generalised to the broader theory.
- Full Text:
- Date Issued: 2016
Member perspectives on the role of social capital in the success of the Heiveld Cooperative in the Northern Cape, South Africa
- Authors: Carlisle, Juliet Hazel
- Date: 2014
- Subjects: Heiveld Cooperative , Human capital -- South Africa , Social capital (Sociology) -- Economic aspects -- South Africa , Agriculture, Cooperative -- South Africa , Cooperative marketing of farm produce -- South Africa , Rooibos tea industry -- South Africa
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:825 , http://hdl.handle.net/10962/d1011734 , Heiveld Cooperative , Human capital -- South Africa , Social capital (Sociology) -- Economic aspects -- South Africa , Agriculture, Cooperative -- South Africa , Cooperative marketing of farm produce -- South Africa , Rooibos tea industry -- South Africa
- Description: The aim of this qualitative study is to explore the perspectives of current members of the cooperative regarding the role of social capital in the success of the Heiveld Cooperative on the Suid Bokkeveld in the Northern Cape, South Africa (SA). This cooperative has been cited by several researchers as being successful for various reasons, including the existence of a marketable resource, a steady increase in production, and certification through Fairtrade, resulting in an export market. Social capital, as a contributing factor to the success of the cooperative, has not however previously been investigated in depth. In light of the unique success of this cooperative, it is important to obtain an in-depth understanding of the role of social capital, if any, in its success, particularly in the formation and day-to-day operation of the cooperative. With a particular focus on the members’ perspectives of the cooperative, this qualitative research adopted a case study approach to explore and to gain multiple and subjective understanding of the role played by social capital in the success of the Heiveld Cooperative. This may assist the organisation under study, as well as similar initiatives, in strategically harnessing the benefits of social capital as a resource in future. This report has three interrelated sections. The first part is an academic paper, which includes a condensed literature review, research methods, results and discussions. The second part is an expanded literature review, while the third section details the research methods. It is vital to note that these sections are separate, but interrelated. Convenience sampling was used to identify current members of the cooperative who participated in this exploratory qualitative study. Four heterogeneous focus group discussions, with a total of 44 members of the Heiveld Cooperative in the Suid Bokkeveld, were conducted. The focus groups were heterogeneous, as they included ordinary members, founding members and committee members. A guideline with questions based on the theory of social capital was developed, and used to initiate or stimulate discussion among the members of the cooperative in order to address the key research question, namely: What was the role of social capital, if any, in the success of the Heiveld Cooperative in the Northern Cape as perceived by current cooperative members? The primary source of data was collected through focus group discussions, while secondary data was obtained from documents in a form of internal reports and papers written for the Heiveld Cooperative. Data was analysed using open coding and constant comparison techniques in order to induce emerging themes from the data. Findings of this study revealed that social capital played a major and influential role during the inception and also in the successful operation of the Heiveld Cooperative, by bonding and bridging not just between individual members, but also between communities, trading partners and other collaborators. Another key finding of this study is that social capital was also critical in enhancing supportive knowledge sharing, and the promotion of pride and shared identity, which the study identifies as aspects of cognitive social capital. Interestingly, the cognitive dimension of social capital in the Heiveld Cooperative has contributed to the weakening of social capital, as evident in claims related to lack of transparency and procedural injustice. Last, but not least, leveraging the sense of community has also been useful in promoting collective efficacy, strengthening familial togetherness, and enhanced democratisation of decision-making. Diminished trust, based on perceived oligarchy and nepotism is gradually weakening relational social capital. Findings in this study are illuminated using the social capital theory described by Nahapiet and Ghoshal (1998) to depict the social, cognitive and relational aspect of social capital that are at work at Heiveld Cooperative. Additionally, the social network theory by Hoppe and Reinelt (2010) is used to highlight the systemic view of social capital, which embraces the structural, relational and cognitive nature not only internal to but also between networks of the cooperative. Recommendations are provided to ensure social capital is harnessed, rather than undermined. These include the need to promote the processes of learning, monitoring and discussion that have been implemented; harnessing the benefits of bonding and bridging social capital; leveraging the sense of community and applying a more systemic view of social capital; and addressing perverse aspects of social capital such as nepotism and oligarchy that have been identified.
- Full Text:
- Date Issued: 2014
- Authors: Carlisle, Juliet Hazel
- Date: 2014
- Subjects: Heiveld Cooperative , Human capital -- South Africa , Social capital (Sociology) -- Economic aspects -- South Africa , Agriculture, Cooperative -- South Africa , Cooperative marketing of farm produce -- South Africa , Rooibos tea industry -- South Africa
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:825 , http://hdl.handle.net/10962/d1011734 , Heiveld Cooperative , Human capital -- South Africa , Social capital (Sociology) -- Economic aspects -- South Africa , Agriculture, Cooperative -- South Africa , Cooperative marketing of farm produce -- South Africa , Rooibos tea industry -- South Africa
- Description: The aim of this qualitative study is to explore the perspectives of current members of the cooperative regarding the role of social capital in the success of the Heiveld Cooperative on the Suid Bokkeveld in the Northern Cape, South Africa (SA). This cooperative has been cited by several researchers as being successful for various reasons, including the existence of a marketable resource, a steady increase in production, and certification through Fairtrade, resulting in an export market. Social capital, as a contributing factor to the success of the cooperative, has not however previously been investigated in depth. In light of the unique success of this cooperative, it is important to obtain an in-depth understanding of the role of social capital, if any, in its success, particularly in the formation and day-to-day operation of the cooperative. With a particular focus on the members’ perspectives of the cooperative, this qualitative research adopted a case study approach to explore and to gain multiple and subjective understanding of the role played by social capital in the success of the Heiveld Cooperative. This may assist the organisation under study, as well as similar initiatives, in strategically harnessing the benefits of social capital as a resource in future. This report has three interrelated sections. The first part is an academic paper, which includes a condensed literature review, research methods, results and discussions. The second part is an expanded literature review, while the third section details the research methods. It is vital to note that these sections are separate, but interrelated. Convenience sampling was used to identify current members of the cooperative who participated in this exploratory qualitative study. Four heterogeneous focus group discussions, with a total of 44 members of the Heiveld Cooperative in the Suid Bokkeveld, were conducted. The focus groups were heterogeneous, as they included ordinary members, founding members and committee members. A guideline with questions based on the theory of social capital was developed, and used to initiate or stimulate discussion among the members of the cooperative in order to address the key research question, namely: What was the role of social capital, if any, in the success of the Heiveld Cooperative in the Northern Cape as perceived by current cooperative members? The primary source of data was collected through focus group discussions, while secondary data was obtained from documents in a form of internal reports and papers written for the Heiveld Cooperative. Data was analysed using open coding and constant comparison techniques in order to induce emerging themes from the data. Findings of this study revealed that social capital played a major and influential role during the inception and also in the successful operation of the Heiveld Cooperative, by bonding and bridging not just between individual members, but also between communities, trading partners and other collaborators. Another key finding of this study is that social capital was also critical in enhancing supportive knowledge sharing, and the promotion of pride and shared identity, which the study identifies as aspects of cognitive social capital. Interestingly, the cognitive dimension of social capital in the Heiveld Cooperative has contributed to the weakening of social capital, as evident in claims related to lack of transparency and procedural injustice. Last, but not least, leveraging the sense of community has also been useful in promoting collective efficacy, strengthening familial togetherness, and enhanced democratisation of decision-making. Diminished trust, based on perceived oligarchy and nepotism is gradually weakening relational social capital. Findings in this study are illuminated using the social capital theory described by Nahapiet and Ghoshal (1998) to depict the social, cognitive and relational aspect of social capital that are at work at Heiveld Cooperative. Additionally, the social network theory by Hoppe and Reinelt (2010) is used to highlight the systemic view of social capital, which embraces the structural, relational and cognitive nature not only internal to but also between networks of the cooperative. Recommendations are provided to ensure social capital is harnessed, rather than undermined. These include the need to promote the processes of learning, monitoring and discussion that have been implemented; harnessing the benefits of bonding and bridging social capital; leveraging the sense of community and applying a more systemic view of social capital; and addressing perverse aspects of social capital such as nepotism and oligarchy that have been identified.
- Full Text:
- Date Issued: 2014
The role of export diversification on economic growth in South Africa: 1980 - 2010
- Authors: Mudenda, Caroline
- Date: 2012
- Subjects: Economic development -- South Africa , International trade , Exports -- South Africa , Capital movements -- South Africa , Human capital -- South Africa , Free trade -- South Africa , Foreign exchange -- South Africa , South Africa -- Economic conditions
- Language: English
- Type: Thesis , Masters , M Com
- Identifier: vital:11463 , http://hdl.handle.net/10353/d1007044 , Economic development -- South Africa , International trade , Exports -- South Africa , Capital movements -- South Africa , Human capital -- South Africa , Free trade -- South Africa , Foreign exchange -- South Africa , South Africa -- Economic conditions
- Description: This study examined the role of export diversification on economic growth in South Africa. The study used annual time series data for the period covering 1980 to 2010 and employed a Vector Error Correction Model to determine the effects of export diversification and possible factors that affect it on economic growth. Possible factors that affect export diversification considered as independent variables in this study include gross capital formation, human capital, real effective exchange rate and trade openness. Results of the study reveal that export diversification and trade openness are positively related to economic growth while real effective exchange rate, capital formation and human capital have negative long run relationships with economic growth. The study recommended the continual implementation of trade liberalisation by the South African government. The South African government is also encouraged to promote the production of a diversified export basket through subsidisation, promotion of innovation and production of new products.
- Full Text:
- Date Issued: 2012
- Authors: Mudenda, Caroline
- Date: 2012
- Subjects: Economic development -- South Africa , International trade , Exports -- South Africa , Capital movements -- South Africa , Human capital -- South Africa , Free trade -- South Africa , Foreign exchange -- South Africa , South Africa -- Economic conditions
- Language: English
- Type: Thesis , Masters , M Com
- Identifier: vital:11463 , http://hdl.handle.net/10353/d1007044 , Economic development -- South Africa , International trade , Exports -- South Africa , Capital movements -- South Africa , Human capital -- South Africa , Free trade -- South Africa , Foreign exchange -- South Africa , South Africa -- Economic conditions
- Description: This study examined the role of export diversification on economic growth in South Africa. The study used annual time series data for the period covering 1980 to 2010 and employed a Vector Error Correction Model to determine the effects of export diversification and possible factors that affect it on economic growth. Possible factors that affect export diversification considered as independent variables in this study include gross capital formation, human capital, real effective exchange rate and trade openness. Results of the study reveal that export diversification and trade openness are positively related to economic growth while real effective exchange rate, capital formation and human capital have negative long run relationships with economic growth. The study recommended the continual implementation of trade liberalisation by the South African government. The South African government is also encouraged to promote the production of a diversified export basket through subsidisation, promotion of innovation and production of new products.
- Full Text:
- Date Issued: 2012
Social policy and the state in South Africa: pathways for human capability development
- Authors: Monyai, Priscilla B
- Date: 2011
- Subjects: Human capital -- South Africa , Apartheid -- South Africa , Equality -- South Africa , Poverty -- South Africa , Political participation -- South Africa , South Africa -- Economic conditions , South Africa -- Social conditions
- Language: English
- Type: Thesis , Doctoral , PhD (Social Science Dev)
- Identifier: vital:11439 , http://hdl.handle.net/10353/d1007230 , Human capital -- South Africa , Apartheid -- South Africa , Equality -- South Africa , Poverty -- South Africa , Political participation -- South Africa , South Africa -- Economic conditions , South Africa -- Social conditions
- Description: The main focus of this thesis is the challenges that are facing social policy development and implementation in South Africa in relation to the enhancement of human capability. The study adopted a historical approach to assess the model of social policy in South Africa and identified that social relations of domination inherited from the apartheid era continuing to produce inequalities in opportunities. Social policy under the democratic government has not managed to address social inequalities and the main drivers of poverty in the form of income poverty, asset poverty and capability poverty which are the underlying factors reproducing deprivation and destitution of the majority of the population Although South Africa prides itself of a stable democracy, social inequalities continue to undermine the benefits of social citizenship because political participation in the midst of unequal access to economic and social resources undermine the value of citizenship. Also, inequalities in the distribution of income and wealth, and in the control of economic production undermine political equality which is an ethic upon which social rights are predicated. As a result, state interventions are lacking inherent potential to build human capability for people to live the life that they have reason to value. The paradox of social policy in South Africa is that the majority of those who are marginalised are those who were excluded by the apartheid regime even though state intervention is claimed to be targeting them. This points to the failure of incremental equalisation of opportunities within a context of stark social inequities. It is also an indication that the economic growth path delivered by the political transition is working to reinforce the inherited legacy of deprivation and it is avoiding questions related to the structural nature of poverty and inequalities. Therefore, a transformative social policy is an imperative for South Africa. Such a framework of social policy should be premised upon a notion of human security in order to built human capability. Human security focuses on the security of individuals and communities to strengthen human development. It emphasises on civil, political and socioeconomic rights for individual citizens to participate fully in the process of governance. Although this thesis is a case study of social policy in South Africa, it can be used to appreciate the role of social policy in other developing countries, particularly the impact of political decision making on social distribution. Poverty and social inequalities are growing problems in developing countries and so is the importance of putting these problems under the spotlight for political attention.
- Full Text:
- Date Issued: 2011
- Authors: Monyai, Priscilla B
- Date: 2011
- Subjects: Human capital -- South Africa , Apartheid -- South Africa , Equality -- South Africa , Poverty -- South Africa , Political participation -- South Africa , South Africa -- Economic conditions , South Africa -- Social conditions
- Language: English
- Type: Thesis , Doctoral , PhD (Social Science Dev)
- Identifier: vital:11439 , http://hdl.handle.net/10353/d1007230 , Human capital -- South Africa , Apartheid -- South Africa , Equality -- South Africa , Poverty -- South Africa , Political participation -- South Africa , South Africa -- Economic conditions , South Africa -- Social conditions
- Description: The main focus of this thesis is the challenges that are facing social policy development and implementation in South Africa in relation to the enhancement of human capability. The study adopted a historical approach to assess the model of social policy in South Africa and identified that social relations of domination inherited from the apartheid era continuing to produce inequalities in opportunities. Social policy under the democratic government has not managed to address social inequalities and the main drivers of poverty in the form of income poverty, asset poverty and capability poverty which are the underlying factors reproducing deprivation and destitution of the majority of the population Although South Africa prides itself of a stable democracy, social inequalities continue to undermine the benefits of social citizenship because political participation in the midst of unequal access to economic and social resources undermine the value of citizenship. Also, inequalities in the distribution of income and wealth, and in the control of economic production undermine political equality which is an ethic upon which social rights are predicated. As a result, state interventions are lacking inherent potential to build human capability for people to live the life that they have reason to value. The paradox of social policy in South Africa is that the majority of those who are marginalised are those who were excluded by the apartheid regime even though state intervention is claimed to be targeting them. This points to the failure of incremental equalisation of opportunities within a context of stark social inequities. It is also an indication that the economic growth path delivered by the political transition is working to reinforce the inherited legacy of deprivation and it is avoiding questions related to the structural nature of poverty and inequalities. Therefore, a transformative social policy is an imperative for South Africa. Such a framework of social policy should be premised upon a notion of human security in order to built human capability. Human security focuses on the security of individuals and communities to strengthen human development. It emphasises on civil, political and socioeconomic rights for individual citizens to participate fully in the process of governance. Although this thesis is a case study of social policy in South Africa, it can be used to appreciate the role of social policy in other developing countries, particularly the impact of political decision making on social distribution. Poverty and social inequalities are growing problems in developing countries and so is the importance of putting these problems under the spotlight for political attention.
- Full Text:
- Date Issued: 2011
Policies, procedures and practices contributing to tensions between labour and management
- Authors: Basson, Jerome Godfrey
- Date: 2010
- Subjects: Labor laws and legislation -- South Africa , Human capital -- South Africa , South Africa -- Politics and government , South Africa -- Constitution
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:9427 , http://hdl.handle.net/10948/1267 , Labor laws and legislation -- South Africa , Human capital -- South Africa , South Africa -- Politics and government , South Africa -- Constitution
- Description: The Constitution of the Republic of South Africa guarantees the right of education to all citizens of the country. The Eastern Cape Department of Education went a step further by adopting a vision to ensure quality public education that will result in the positive transformation of all schools. Education is therefore a very important part of the life of any society and needs to be protected at all costs. It is therefore important that all obstacles in the way of providing quality public education be removed. It is no secret that the Eastern Cape Department of Education has had a number of battles with some of its social partners. These battles have negatively impacted on the education system. This Department also received the largest slice of the taxpayers’ money. It is time to take serious steps to halt the waste of time and resources. It is against this background that this study wanted to consider policies, procedures and practices that generated tension between the management and labour in the Eastern Cape Department of Education. It is my belief that if tension between the different social partners can be reduced, we would have gone a long way in achieving the vision of the Department of Education. The research methodology that was followed for this study comprised the following: • Literature was reviewed that dealt with labour relations and human resources. • A questionnaire was designed to collect information from the different participants. • The information in the questionnaire was incorporated into the main study where findings were identified and recommendations were formulated.
- Full Text:
- Date Issued: 2010
- Authors: Basson, Jerome Godfrey
- Date: 2010
- Subjects: Labor laws and legislation -- South Africa , Human capital -- South Africa , South Africa -- Politics and government , South Africa -- Constitution
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:9427 , http://hdl.handle.net/10948/1267 , Labor laws and legislation -- South Africa , Human capital -- South Africa , South Africa -- Politics and government , South Africa -- Constitution
- Description: The Constitution of the Republic of South Africa guarantees the right of education to all citizens of the country. The Eastern Cape Department of Education went a step further by adopting a vision to ensure quality public education that will result in the positive transformation of all schools. Education is therefore a very important part of the life of any society and needs to be protected at all costs. It is therefore important that all obstacles in the way of providing quality public education be removed. It is no secret that the Eastern Cape Department of Education has had a number of battles with some of its social partners. These battles have negatively impacted on the education system. This Department also received the largest slice of the taxpayers’ money. It is time to take serious steps to halt the waste of time and resources. It is against this background that this study wanted to consider policies, procedures and practices that generated tension between the management and labour in the Eastern Cape Department of Education. It is my belief that if tension between the different social partners can be reduced, we would have gone a long way in achieving the vision of the Department of Education. The research methodology that was followed for this study comprised the following: • Literature was reviewed that dealt with labour relations and human resources. • A questionnaire was designed to collect information from the different participants. • The information in the questionnaire was incorporated into the main study where findings were identified and recommendations were formulated.
- Full Text:
- Date Issued: 2010
Determining the use of human capital to achieve a competitive advantage in the National Ports Authority of South Africa
- Authors: Du Preez, Ian Justus
- Date: 2001
- Subjects: Portnet (South Africa) , Human capital -- South Africa , Personnel management -- South Africa
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:10848 , http://hdl.handle.net/10948/50 , Portnet (South Africa) , Human capital -- South Africa , Personnel management -- South Africa
- Description: A new business world is emerging, which every organisation must appreciate and know how to exploit. The concepts of strategy do not need to be rewritten, but must be adapted to this new era. Utilisation of the Internet and human capital to its fullest is transforming the way that business is conducted in achieving its objectives. The key to an organisation’s competitive advantage, is to invest in training, skills enhancement and the personal development of its staff. A requirement of the National Ports Authority is to be committed to basic adult education and preparing employees for re-skilling from the shop floor to the boardroom to ensure it is seen as an equal opportunity employer. The research problem addressed in this study was to determine the factors necessary to achieve strategic advantage using human capital. Relevant literature was used to develop a new model to address some of the issues facing the organisation, as well as ensuring that the National Ports Authority can leverage itself into a competitive advantage. To manage and measure knowledge-based resources is one of the most important challenges for a modern company. This challenge is incorporated in the new model developed by the study. The theoretical model consisted of various factors, which were analysed and formed into principles which were identifiable from the literature study. This model was then used to compile a questionnaire to test the responsiveness of the role players concurring. The empirical results analysed indicated that the respondents concurred with the theoretical study and factors of the new model that was developed.
- Full Text:
- Date Issued: 2001
- Authors: Du Preez, Ian Justus
- Date: 2001
- Subjects: Portnet (South Africa) , Human capital -- South Africa , Personnel management -- South Africa
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:10848 , http://hdl.handle.net/10948/50 , Portnet (South Africa) , Human capital -- South Africa , Personnel management -- South Africa
- Description: A new business world is emerging, which every organisation must appreciate and know how to exploit. The concepts of strategy do not need to be rewritten, but must be adapted to this new era. Utilisation of the Internet and human capital to its fullest is transforming the way that business is conducted in achieving its objectives. The key to an organisation’s competitive advantage, is to invest in training, skills enhancement and the personal development of its staff. A requirement of the National Ports Authority is to be committed to basic adult education and preparing employees for re-skilling from the shop floor to the boardroom to ensure it is seen as an equal opportunity employer. The research problem addressed in this study was to determine the factors necessary to achieve strategic advantage using human capital. Relevant literature was used to develop a new model to address some of the issues facing the organisation, as well as ensuring that the National Ports Authority can leverage itself into a competitive advantage. To manage and measure knowledge-based resources is one of the most important challenges for a modern company. This challenge is incorporated in the new model developed by the study. The theoretical model consisted of various factors, which were analysed and formed into principles which were identifiable from the literature study. This model was then used to compile a questionnaire to test the responsiveness of the role players concurring. The empirical results analysed indicated that the respondents concurred with the theoretical study and factors of the new model that was developed.
- Full Text:
- Date Issued: 2001
Aspects of the theory of human capital and its application to South African economic development
- Authors: Bates, Terrence
- Date: 1974
- Subjects: Human capital -- South Africa , South Africa -- Economic conditions -- 1961-1991
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1064 , http://hdl.handle.net/10962/d1007608 , Human capital -- South Africa , South Africa -- Economic conditions -- 1961-1991
- Description: Human capital is an important economic concept. The significance of human resource development, in the form of both education and health, has long been realised and was stressed even in the writings of the early economists. Introduction, p.1
- Full Text:
- Date Issued: 1974
- Authors: Bates, Terrence
- Date: 1974
- Subjects: Human capital -- South Africa , South Africa -- Economic conditions -- 1961-1991
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1064 , http://hdl.handle.net/10962/d1007608 , Human capital -- South Africa , South Africa -- Economic conditions -- 1961-1991
- Description: Human capital is an important economic concept. The significance of human resource development, in the form of both education and health, has long been realised and was stressed even in the writings of the early economists. Introduction, p.1
- Full Text:
- Date Issued: 1974
- «
- ‹
- 1
- ›
- »