Art investment as a portfolio diversification strategy in South Africa
- Botha, Ferdi, Scott, Brett, Snowball, Jeanette D
- Authors: Botha, Ferdi , Scott, Brett , Snowball, Jeanette D
- Date: 2015
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/67422 , vital:29086
- Description: publisher version , Art has been suggested as a good way to diversify investment portfolios during times of financial uncertainty. The argument is that art exhibits different risk and return characteristics to conventional investments in other asset classes. The new Citadel Art Price index offered the opportunity to test this theory in the South African context. The Citadel index uses the hedonic regression method with observations drawn from the top 100, 50 and 20 artists by sales volume, giving approximately 29 503 total auction observations. The Index consists of quarterly data from the period 2000Q1 to 2013Q3. A VAR of the art price index, Johannesburg Stock Exchange all-share index, house price index, and South African government bond index were used. Flowing from the VAR results, additional analyses included variance decomposition, impulse response, and, to determine volatility, variance and standard deviation measures for each index. Results show that, when there are increased returns on the stock market in the previous period and wealth increases, there is a change in the Citadel Art Price Index in the same direction. This finding is consistent with Goetzmann et al. (2009), who reported that there is a strong relationship between art and equity markets and that art price changes are driven by capital gains and losses. No significant difference was found between the house price index and the art price index, and neither between the art and government bond price indices. Overall, the South African art market does not offer the opportunity to diversify portfolios dominated by either property, bonds, or shares.
- Full Text:
- Date Issued: 2015
- Authors: Botha, Ferdi , Scott, Brett , Snowball, Jeanette D
- Date: 2015
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/67422 , vital:29086
- Description: publisher version , Art has been suggested as a good way to diversify investment portfolios during times of financial uncertainty. The argument is that art exhibits different risk and return characteristics to conventional investments in other asset classes. The new Citadel Art Price index offered the opportunity to test this theory in the South African context. The Citadel index uses the hedonic regression method with observations drawn from the top 100, 50 and 20 artists by sales volume, giving approximately 29 503 total auction observations. The Index consists of quarterly data from the period 2000Q1 to 2013Q3. A VAR of the art price index, Johannesburg Stock Exchange all-share index, house price index, and South African government bond index were used. Flowing from the VAR results, additional analyses included variance decomposition, impulse response, and, to determine volatility, variance and standard deviation measures for each index. Results show that, when there are increased returns on the stock market in the previous period and wealth increases, there is a change in the Citadel Art Price Index in the same direction. This finding is consistent with Goetzmann et al. (2009), who reported that there is a strong relationship between art and equity markets and that art price changes are driven by capital gains and losses. No significant difference was found between the house price index and the art price index, and neither between the art and government bond price indices. Overall, the South African art market does not offer the opportunity to diversify portfolios dominated by either property, bonds, or shares.
- Full Text:
- Date Issued: 2015
Determinants of student satisfaction with campus residence life at a South African university
- Botha, Ferdi, Snowball, Jeanette D, De Klerk, Vivian A, Radloff, Sarah E
- Authors: Botha, Ferdi , Snowball, Jeanette D , De Klerk, Vivian A , Radloff, Sarah E
- Date: 2015
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/69277 , vital:29475 , https://doi.org/10.1007/978-3-319-15904-1_2
- Description: Factors outside the classroom can contribute to academic success as well as the achievement of important outcomes such as the appreciation of human diversity. Striving towards equality of residence life satisfaction is thus important for academic outcomes and for the development of well-functioning citizens. This study is based on the 2011 Quality of Residence Life (QoRL) Survey, conducted at a South African university, comprising roughly 2,000 respondents. The study investigates the association between satisfaction with QoRL and (i) residence milieu and characteristics, (ii) direct and indirect discrimination, (iii) perceptions of drug and alcohol issues in residence, (iv) safety, and (v) individual student characteristics. One main finding is that there are no significant differences in satisfaction with QoRL across racial and gender groups; suggesting significant progress in university transformation and equity goals. The general atmosphere and characteristics of residences are also important predictors of QoRL satisfaction.
- Full Text: false
- Date Issued: 2015
- Authors: Botha, Ferdi , Snowball, Jeanette D , De Klerk, Vivian A , Radloff, Sarah E
- Date: 2015
- Language: English
- Type: text , book
- Identifier: http://hdl.handle.net/10962/69277 , vital:29475 , https://doi.org/10.1007/978-3-319-15904-1_2
- Description: Factors outside the classroom can contribute to academic success as well as the achievement of important outcomes such as the appreciation of human diversity. Striving towards equality of residence life satisfaction is thus important for academic outcomes and for the development of well-functioning citizens. This study is based on the 2011 Quality of Residence Life (QoRL) Survey, conducted at a South African university, comprising roughly 2,000 respondents. The study investigates the association between satisfaction with QoRL and (i) residence milieu and characteristics, (ii) direct and indirect discrimination, (iii) perceptions of drug and alcohol issues in residence, (iv) safety, and (v) individual student characteristics. One main finding is that there are no significant differences in satisfaction with QoRL across racial and gender groups; suggesting significant progress in university transformation and equity goals. The general atmosphere and characteristics of residences are also important predictors of QoRL satisfaction.
- Full Text: false
- Date Issued: 2015
Issues and concerns in developing regulated markets for endangered species products: the case of rhinoceros horns
- Collins, Alan, Fraser, Gavin C G, Snowball, Jeanette D
- Authors: Collins, Alan , Fraser, Gavin C G , Snowball, Jeanette D
- Date: 2015
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/124877 , vital:35706 , https://doi.org/10.1093/cje/bev076
- Description: A proposal for addressing rhinoceros poaching is to legalise the trade in rhino horn and adopt a regulated market approach, overturning the current trade ban. This orthodox economic prescription aims to reduce incentives to poach endangered wildlife by driving down the market price of their products via auctioned stockpile releases. Biologists are clear, however, that securing a stockpile for some species needs biological success in captive breeding programmes (CBPs), which varies markedly across species and habitats. Rhinoceros herds in a CBP would need spatially extensive terrain and costly permanent security measures; this only appears feasible for the less aggressive ‘white’ rhino. We argue that the market price would actually need to be sustained at a high level to cover protection costs over the longer reproduction cycles in CBPs and that, without extensive monitoring and the correct institutional structures being in place, legalising trade may encourage, rather than prevent, poaching. Supplementary policy measures that differentiate among consumer groups would also likely prove necessary.
- Full Text:
- Date Issued: 2015
- Authors: Collins, Alan , Fraser, Gavin C G , Snowball, Jeanette D
- Date: 2015
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/124877 , vital:35706 , https://doi.org/10.1093/cje/bev076
- Description: A proposal for addressing rhinoceros poaching is to legalise the trade in rhino horn and adopt a regulated market approach, overturning the current trade ban. This orthodox economic prescription aims to reduce incentives to poach endangered wildlife by driving down the market price of their products via auctioned stockpile releases. Biologists are clear, however, that securing a stockpile for some species needs biological success in captive breeding programmes (CBPs), which varies markedly across species and habitats. Rhinoceros herds in a CBP would need spatially extensive terrain and costly permanent security measures; this only appears feasible for the less aggressive ‘white’ rhino. We argue that the market price would actually need to be sustained at a high level to cover protection costs over the longer reproduction cycles in CBPs and that, without extensive monitoring and the correct institutional structures being in place, legalising trade may encourage, rather than prevent, poaching. Supplementary policy measures that differentiate among consumer groups would also likely prove necessary.
- Full Text:
- Date Issued: 2015
Making rules to live by: Was the proposed regulatory regime for invasive species reasonable? Perceptions of the South African trout industry
- Marire, Juniours, Snowball, Jeanette D, Fraser, Gavin C G
- Authors: Marire, Juniours , Snowball, Jeanette D , Fraser, Gavin C G
- Date: 2015
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/68566 , vital:29285 , http://2015.essa.org.za/fullpaper/essa_2938.pdf
- Description: Publisher version , Despite considerable economic impact of trout-based aquaculture and recreational fishing, the Department of Environmental Affairs has been focusing almost entirely on ecological criteria in deciding the regulatory regime for trout. We examined whether the proposed regulatory regime for alien and invasive species that was published by the Department of Environmental Affairs in 2014 for public comment was reasonable. The analysis produced factors that might matter in the design of reasonable institutional arrangements that impose a reasonable regulatory burden on economic sectors utilising invasive species. We conducted factor analysis using an online survey that we conducted between May and July 2014. We obtained four clusters of factors: participatory policymaking, people-centeredness, credible scientific evidence for listing species as invasive and contextualisation of international evidence. We then utilised the factors in a logistic regression framework to assess their influence on the probability of perceiving the regulations to be reasonable. The likelihood of a trout sector player perceiving the regulations to be reasonable was 1.2%. We found that a one standard deviation increase in the “credibility of scientific evidence” increased the odds of perceiving the regulations to be reasonable by 1645%. A one standard deviation increase in “participation” increased the odds of perceiving the regulations to be reasonable by 410%. A one standard deviation increase in “people-centeredness” increased the odds of perceiving the regulations to be reasonable by 600%. Lastly, a one standard deviation increase in the variable “contextualising international evidence” increased the odds of perceiving the regulations to be reasonable by 415%. This research demonstrates that properly addressing the socioeconomic aspects of new policies in addition to ecological criteria makes it far more likely that stakeholders will regard them as reasonable, even if the new policies impose increased regulatory transaction cost burden on users or reduced access to a resource.
- Full Text:
- Date Issued: 2015
- Authors: Marire, Juniours , Snowball, Jeanette D , Fraser, Gavin C G
- Date: 2015
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/68566 , vital:29285 , http://2015.essa.org.za/fullpaper/essa_2938.pdf
- Description: Publisher version , Despite considerable economic impact of trout-based aquaculture and recreational fishing, the Department of Environmental Affairs has been focusing almost entirely on ecological criteria in deciding the regulatory regime for trout. We examined whether the proposed regulatory regime for alien and invasive species that was published by the Department of Environmental Affairs in 2014 for public comment was reasonable. The analysis produced factors that might matter in the design of reasonable institutional arrangements that impose a reasonable regulatory burden on economic sectors utilising invasive species. We conducted factor analysis using an online survey that we conducted between May and July 2014. We obtained four clusters of factors: participatory policymaking, people-centeredness, credible scientific evidence for listing species as invasive and contextualisation of international evidence. We then utilised the factors in a logistic regression framework to assess their influence on the probability of perceiving the regulations to be reasonable. The likelihood of a trout sector player perceiving the regulations to be reasonable was 1.2%. We found that a one standard deviation increase in the “credibility of scientific evidence” increased the odds of perceiving the regulations to be reasonable by 1645%. A one standard deviation increase in “participation” increased the odds of perceiving the regulations to be reasonable by 410%. A one standard deviation increase in “people-centeredness” increased the odds of perceiving the regulations to be reasonable by 600%. Lastly, a one standard deviation increase in the variable “contextualising international evidence” increased the odds of perceiving the regulations to be reasonable by 415%. This research demonstrates that properly addressing the socioeconomic aspects of new policies in addition to ecological criteria makes it far more likely that stakeholders will regard them as reasonable, even if the new policies impose increased regulatory transaction cost burden on users or reduced access to a resource.
- Full Text:
- Date Issued: 2015
Perceptions of the natural environment from a rural African perspective: a case of Cylondropuntia fulgida var. fulgida in Gwanda district, Zimbabwe
- Dube, Nqobizitha, Snowball, Jeanette D, Fraser, Gavin C G
- Authors: Dube, Nqobizitha , Snowball, Jeanette D , Fraser, Gavin C G
- Date: 2015
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/68578 , vital:29289 , http://2015.essa.org.za/fullpaper/essa_2994.pdf
- Description: Publisher version , Community environmental perceptions are instrumental in environmental management programmes given that perspectives govern human-environment relations. Despite numerous studies on environmental perceptions, little is known about how the rural poor particularly in Africa conceptualize, live with, and respond to pressing environmental issues facing them. As such, this paper uses the case of an invasive alien plant (IAP) (Cylindropuntia fulgida var. fulgida (Cff)) in a rural community (Gwanda district, Zimbabwe) to unveil the conceptualisation of the natural environment from a rural African perspective. This paper discloses the environmental worldview of the community and explains the formulation of the attitudes by the local households towards species in the environment. The study uses two horizontal dimensions of environmental attitudes formulation (New Environmental Paradigm (NEP) Scale and Kellet’s (1996) classification of environmental values). Data was collected using a questionnaire survey, group discussions and key informant interviews. A sample of 156 individuals comprised the study respondents. Results showed the residents of rural Gwanda district to hold both a conservation and utilisation conviction (syncretic view) towards the environment. However, utilisation outweighs conservation. Furthermore, older residents are more inclined to conservation in comparison to the youth. The study also divulged that the origin of a species in the natural environment was insignificant to the host community. However, the livelihood effects that species had (regardless of origins) were the major determinants of attitudes developed towards it.
- Full Text:
- Date Issued: 2015
- Authors: Dube, Nqobizitha , Snowball, Jeanette D , Fraser, Gavin C G
- Date: 2015
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/68578 , vital:29289 , http://2015.essa.org.za/fullpaper/essa_2994.pdf
- Description: Publisher version , Community environmental perceptions are instrumental in environmental management programmes given that perspectives govern human-environment relations. Despite numerous studies on environmental perceptions, little is known about how the rural poor particularly in Africa conceptualize, live with, and respond to pressing environmental issues facing them. As such, this paper uses the case of an invasive alien plant (IAP) (Cylindropuntia fulgida var. fulgida (Cff)) in a rural community (Gwanda district, Zimbabwe) to unveil the conceptualisation of the natural environment from a rural African perspective. This paper discloses the environmental worldview of the community and explains the formulation of the attitudes by the local households towards species in the environment. The study uses two horizontal dimensions of environmental attitudes formulation (New Environmental Paradigm (NEP) Scale and Kellet’s (1996) classification of environmental values). Data was collected using a questionnaire survey, group discussions and key informant interviews. A sample of 156 individuals comprised the study respondents. Results showed the residents of rural Gwanda district to hold both a conservation and utilisation conviction (syncretic view) towards the environment. However, utilisation outweighs conservation. Furthermore, older residents are more inclined to conservation in comparison to the youth. The study also divulged that the origin of a species in the natural environment was insignificant to the host community. However, the livelihood effects that species had (regardless of origins) were the major determinants of attitudes developed towards it.
- Full Text:
- Date Issued: 2015
Subjective well-being in Africa
- Botha, Ferdi, Snowball, Jeanette D
- Authors: Botha, Ferdi , Snowball, Jeanette D
- Date: 2015
- Language: English
- Type: article , text
- Identifier: http://hdl.handle.net/10962/61084 , vital:27946
- Description: Research on quality of life and subjective well-being (SWB) has witnessed a remarkable growth over the past four decades or so. Since Easterlin’s (1974) seminal contribution on the relationship between happiness and income, thousands of studies have followed that examine the intricacies of subjective well-being (for reviews, see Frey and Stutzer, 2002; Dolan et al., 2008; MacKerron, 2012). These studies have uncovered some very important aspects of individual well-being and have pointed to the fact that money or income is not always (as is often assumed) the most important determinant of SWB.
- Full Text:
- Date Issued: 2015
- Authors: Botha, Ferdi , Snowball, Jeanette D
- Date: 2015
- Language: English
- Type: article , text
- Identifier: http://hdl.handle.net/10962/61084 , vital:27946
- Description: Research on quality of life and subjective well-being (SWB) has witnessed a remarkable growth over the past four decades or so. Since Easterlin’s (1974) seminal contribution on the relationship between happiness and income, thousands of studies have followed that examine the intricacies of subjective well-being (for reviews, see Frey and Stutzer, 2002; Dolan et al., 2008; MacKerron, 2012). These studies have uncovered some very important aspects of individual well-being and have pointed to the fact that money or income is not always (as is often assumed) the most important determinant of SWB.
- Full Text:
- Date Issued: 2015
Transformation, job creation and subsidies to creative industries: the case of South Africa’s film and television sector
- Collins, Alan, Snowball, Jeanette D
- Authors: Collins, Alan , Snowball, Jeanette D
- Date: 2015
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/67433 , vital:29087 , https://doi.org/10.1080/10286632.2013.874418
- Description: Pre-print , Many governments have tried to stimulate economic growth via policy on the creative industries. South Africa is no different but additionally has an overarching aim of achieving social and labour market ‘transformation’ to move away from the legacy of the apartheid era. The effectiveness of incentives provided to the film and television sector in South Africa are considered in terms of their stated objectives of job creation, skills and knowledge transfer and the attraction of foreign direct investment. Informed by empirical analysis of incentive scheme data and supplemented by elite interviews with key informants, some specific policy revisions are proposed.
- Full Text:
- Date Issued: 2015
- Authors: Collins, Alan , Snowball, Jeanette D
- Date: 2015
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/67433 , vital:29087 , https://doi.org/10.1080/10286632.2013.874418
- Description: Pre-print , Many governments have tried to stimulate economic growth via policy on the creative industries. South Africa is no different but additionally has an overarching aim of achieving social and labour market ‘transformation’ to move away from the legacy of the apartheid era. The effectiveness of incentives provided to the film and television sector in South Africa are considered in terms of their stated objectives of job creation, skills and knowledge transfer and the attraction of foreign direct investment. Informed by empirical analysis of incentive scheme data and supplemented by elite interviews with key informants, some specific policy revisions are proposed.
- Full Text:
- Date Issued: 2015
Water footprint assessment to inform water management and policy making in South Africa
- Pahlow, Markus, Snowball, Jeanette D, Fraser, Gavin C G
- Authors: Pahlow, Markus , Snowball, Jeanette D , Fraser, Gavin C G
- Date: 2015
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/68813 , vital:29327 , http://dx.doi.org/10.4314/wsa.v41i3.02
- Description: Publisher version , One method to inform decisions with respect to sustainable, efficient and equitable water allocation and use is water footprint assessment (WFA). This paper presents a preliminary WFA of South Africa (SA) based on data for the period 1996-2005. Crop production was found to contribute about 75% of the total water footprint of national production. The total water footprint of crop production is mainly composed of five crops: maize, fodder crops, sugarcane, wheat and sunflower seed, which account for 83% of the crop water footprint. The average water footprint of a South African consumer is 1 255 m3/yr, below the world average of 1 385 m3/yr, and is dominated by the consumption of meat (32%) and cereals (29%). About one fifth of this water footprint of consumption is external to SA. While SA is a net virtual water importer, the virtual water trade analysis revealed that a large share of blue water consumption is related to export. Sustainability concerns are that the major river basins face severe blue-water scarcity for extended periods of the year, and that water pollution levels related to nitrogen and phosphorus were found to be unsustainable in all river basins in SA. Efficient allocation and use of water is investigated by means of comparing the consumptive water footprint to global benchmark values, as well as the economic green- and blue-water productivity and the economic land productivity of the crops cultivated in SA. Furthermore, crops with specific potential for biofuel production are assessed. Lastly, recommendations to address the identified issues are given.
- Full Text:
- Date Issued: 2015
- Authors: Pahlow, Markus , Snowball, Jeanette D , Fraser, Gavin C G
- Date: 2015
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/68813 , vital:29327 , http://dx.doi.org/10.4314/wsa.v41i3.02
- Description: Publisher version , One method to inform decisions with respect to sustainable, efficient and equitable water allocation and use is water footprint assessment (WFA). This paper presents a preliminary WFA of South Africa (SA) based on data for the period 1996-2005. Crop production was found to contribute about 75% of the total water footprint of national production. The total water footprint of crop production is mainly composed of five crops: maize, fodder crops, sugarcane, wheat and sunflower seed, which account for 83% of the crop water footprint. The average water footprint of a South African consumer is 1 255 m3/yr, below the world average of 1 385 m3/yr, and is dominated by the consumption of meat (32%) and cereals (29%). About one fifth of this water footprint of consumption is external to SA. While SA is a net virtual water importer, the virtual water trade analysis revealed that a large share of blue water consumption is related to export. Sustainability concerns are that the major river basins face severe blue-water scarcity for extended periods of the year, and that water pollution levels related to nitrogen and phosphorus were found to be unsustainable in all river basins in SA. Efficient allocation and use of water is investigated by means of comparing the consumptive water footprint to global benchmark values, as well as the economic green- and blue-water productivity and the economic land productivity of the crops cultivated in SA. Furthermore, crops with specific potential for biofuel production are assessed. Lastly, recommendations to address the identified issues are given.
- Full Text:
- Date Issued: 2015
Water, water everywhere: is Integrated Water Resource Management the right institutional prescription for South Africa's water management challenges?
- Madigele, Patricia K, Snowball, Jeanette D, Fraser, Gavin C G
- Authors: Madigele, Patricia K , Snowball, Jeanette D , Fraser, Gavin C G
- Date: 2015
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/68555 , vital:29282 , http://2015.essa.org.za/fullpaper/essa_2849.pdf
- Description: Publisher version , Ostrom (2007) and Ostrom and Cox (2010) argue that natural resource management has been plagued by the “panacea problem": that one-size-fits-all solutions to allocation and management problems have been applied without due consideration of the specific context. The outcome has been the disappointing results of many development and management programs. Integrated Water Resource Management (IWRM) has been recognised as a potentially effective way of allocating water where there are multiple, sometimes competing, users (Saravanan et al. 2009). It has been used successfully in a number of other developing country contexts, including Mexico, Brazil, India and Thailand (Orne-Giliemann 2008; Meinzen-Dick 2007). The principles of IWRM were also adopted in South Africa under the National Water Act (1998). Water User Associations (WUA) are seen as one of the key institutions driving IWRM, since they are designed to allow stake-holders at local level a say in the allocation and management of this important public good (Aoki 2001). However, WUAs in South Africa have mostly not been a success and are currently being reviewed at national level. For the most part, emerging black farmers and rural communities still do not have equal access to water, or a meaningful role in decision-making, and there are significant security of supply and allocation issues with regard to municipal users as well. Using the AID (Institutional Analysis and Development) framework (Ostrom 2007), with particular reference to economic theory relating to incentives and transactions costs, this paper asks if IWRM is a panacea treatment that does not fit the diagnosis of South Africa's water management problems. A case study approach is used, focusing on one of the few established WUAs in the Sundays River Valley Municipality in a rural area of South Africa.
- Full Text:
- Date Issued: 2015
- Authors: Madigele, Patricia K , Snowball, Jeanette D , Fraser, Gavin C G
- Date: 2015
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10962/68555 , vital:29282 , http://2015.essa.org.za/fullpaper/essa_2849.pdf
- Description: Publisher version , Ostrom (2007) and Ostrom and Cox (2010) argue that natural resource management has been plagued by the “panacea problem": that one-size-fits-all solutions to allocation and management problems have been applied without due consideration of the specific context. The outcome has been the disappointing results of many development and management programs. Integrated Water Resource Management (IWRM) has been recognised as a potentially effective way of allocating water where there are multiple, sometimes competing, users (Saravanan et al. 2009). It has been used successfully in a number of other developing country contexts, including Mexico, Brazil, India and Thailand (Orne-Giliemann 2008; Meinzen-Dick 2007). The principles of IWRM were also adopted in South Africa under the National Water Act (1998). Water User Associations (WUA) are seen as one of the key institutions driving IWRM, since they are designed to allow stake-holders at local level a say in the allocation and management of this important public good (Aoki 2001). However, WUAs in South Africa have mostly not been a success and are currently being reviewed at national level. For the most part, emerging black farmers and rural communities still do not have equal access to water, or a meaningful role in decision-making, and there are significant security of supply and allocation issues with regard to municipal users as well. Using the AID (Institutional Analysis and Development) framework (Ostrom 2007), with particular reference to economic theory relating to incentives and transactions costs, this paper asks if IWRM is a panacea treatment that does not fit the diagnosis of South Africa's water management problems. A case study approach is used, focusing on one of the few established WUAs in the Sundays River Valley Municipality in a rural area of South Africa.
- Full Text:
- Date Issued: 2015
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