The determinants of foreign direct investment inflows into South Africa
- Authors: Campher, Renate
- Date: 2024-04
- Subjects: Investments, Foreign -- South Africa , Economic development -- South Africa , South Africa -- Foreign economic relations
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/64907 , vital:73958
- Description: Through mechanisms such as knowledge transfer and productivity spillovers, foreign direct investment (FDI) is viewed as a critical driver of growth in developing economies. The flow of FDI into a country can benefit both the investing entity and the host government. This study employed ordinary least square (OLS) regression to examine the factors that determine FDI in South Africa using time series data from 1996 to 2021. The results demonstrate that gross domestic product (GDP), institutional quality, trade openness, the regulatory environment, and the real effective exchange rate (REER) all have positive effects on FDI flows into South Africa. To sustain and promote FDI inflows, the government of South Africa must ensure that the country remains attractive for investment by better promoting good governance, creating jobs to increase growth, maintaining free and fair elections in 2024, forging alliances with trading partners outside of Africa, speeding up all policy processes that may hinder the inflow of FDI, and decreasing government debt. , Thesis (MPhil) -- Faculty of Business and Economic Sciences, School of Economics, Development and Tourism, 2024
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- Date Issued: 2024-04
- Authors: Campher, Renate
- Date: 2024-04
- Subjects: Investments, Foreign -- South Africa , Economic development -- South Africa , South Africa -- Foreign economic relations
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/64907 , vital:73958
- Description: Through mechanisms such as knowledge transfer and productivity spillovers, foreign direct investment (FDI) is viewed as a critical driver of growth in developing economies. The flow of FDI into a country can benefit both the investing entity and the host government. This study employed ordinary least square (OLS) regression to examine the factors that determine FDI in South Africa using time series data from 1996 to 2021. The results demonstrate that gross domestic product (GDP), institutional quality, trade openness, the regulatory environment, and the real effective exchange rate (REER) all have positive effects on FDI flows into South Africa. To sustain and promote FDI inflows, the government of South Africa must ensure that the country remains attractive for investment by better promoting good governance, creating jobs to increase growth, maintaining free and fair elections in 2024, forging alliances with trading partners outside of Africa, speeding up all policy processes that may hinder the inflow of FDI, and decreasing government debt. , Thesis (MPhil) -- Faculty of Business and Economic Sciences, School of Economics, Development and Tourism, 2024
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- Date Issued: 2024-04
The effect of strike action on the value and volatility of the South African Rand
- Authors: Gordon, Ross Patrick
- Date: 2015
- Subjects: Foreign exchange rates -- South Africa , Strikes and lockouts -- South Africa -- Economic aspects , South Africa -- Foreign economic relations , South Africa -- Economic conditions -- 1991- , Rand, South African , Dollar, American
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1124 , http://hdl.handle.net/10962/d1020018
- Description: This study analyses whether the advent of strike action has an effect on the value and volatility of the South African Rand compared with the US Dollar. The literature suggests that strike action can have a significant effect on the exchange rate in terms of either value or volatility, and consequences can result that cause inefficiencies in the economy; inhibiting employment and economic growth. Strike action has become common place in South Africa, with 2012 alone recording 99 strikes, 45 of which were “wildcat” or unprotected strikes. This study uses GARCH and Intervention Analyses to determine what the resulting effects of the strikes might be on the exchange rate. The analysis used ZAR/USD exchange rate data for the period January 2000 to October 2013, and covered 72 of the most significant strikes in terms of lost man-days. The results are mixed, suggesting that the effects of strikes do not always conform to expectations (increased volatility and a depreciation in the Rand), and that outside factors affecting the global economy may have a more significant effect on the exchange rate than strikes on their own.
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- Date Issued: 2015
- Authors: Gordon, Ross Patrick
- Date: 2015
- Subjects: Foreign exchange rates -- South Africa , Strikes and lockouts -- South Africa -- Economic aspects , South Africa -- Foreign economic relations , South Africa -- Economic conditions -- 1991- , Rand, South African , Dollar, American
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1124 , http://hdl.handle.net/10962/d1020018
- Description: This study analyses whether the advent of strike action has an effect on the value and volatility of the South African Rand compared with the US Dollar. The literature suggests that strike action can have a significant effect on the exchange rate in terms of either value or volatility, and consequences can result that cause inefficiencies in the economy; inhibiting employment and economic growth. Strike action has become common place in South Africa, with 2012 alone recording 99 strikes, 45 of which were “wildcat” or unprotected strikes. This study uses GARCH and Intervention Analyses to determine what the resulting effects of the strikes might be on the exchange rate. The analysis used ZAR/USD exchange rate data for the period January 2000 to October 2013, and covered 72 of the most significant strikes in terms of lost man-days. The results are mixed, suggesting that the effects of strikes do not always conform to expectations (increased volatility and a depreciation in the Rand), and that outside factors affecting the global economy may have a more significant effect on the exchange rate than strikes on their own.
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- Date Issued: 2015
Formulating the African National Congress' foreign investment policy in the transition to a post-apartheid South Africa: problems, pressures and constraints
- Authors: Carim, Xavier
- Date: 1995
- Subjects: Investments, Foreign -- South Africa , Political stability -- South Africa , African National Congress -- Foreign economic relations , South Africa -- Foreign economic relations , South Africa -- Economic policy , South Africa -- Economic conditions -- 1991-
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:2764 , http://hdl.handle.net/10962/d1002974 , Investments, Foreign -- South Africa , Political stability -- South Africa , African National Congress -- Foreign economic relations , South Africa -- Foreign economic relations , South Africa -- Economic policy , South Africa -- Economic conditions -- 1991-
- Description: This study examines the wide-ranging and critical factors which have impacted on the African National Congress' (ANC) emerging foreign investment policy. It identifies and analyses the matrix of political and socio-economic factors which have combined at global and national levels to shape ANC policy perspectives towards foreign direct investment (FDI). In so doing, the study adopts an eclectic theoretical and methodological approach. It draws on various theoretical traditions to propose a framework that is heuristic and contingent, rather than axiomatic. With regard to foreign investment, in particular, it recommends a theoretical pluralism emphasising 'engagement' through praxis and sound political (state) action. The study argues that the ANC has reconsidered many of its basic assumptions on the nature of the post-apartheid economy and discusses the reasons for those shifts. The reasons include, in particular, global political and economic trends and the balance of forces in South Africa. These have combined to ensure the ANC's broad acceptance of an 'open-door policy' towards FDI so long as it occurs on terms not inconsistent with national objectives. The emerging policy sees the state playing an active role in encouraging and guiding FDI to specific areas and sectors supportive of broad-based development. Foreign investors will be encouraged to form joint ventures with emerging black businesses and agree to foster training, skills development and affirmative action. Harnessing the benefits of FDI will be important for the success of wider strategies designed to place the economy on a firmer, more sustainable growth path.
- Full Text:
- Date Issued: 1995
- Authors: Carim, Xavier
- Date: 1995
- Subjects: Investments, Foreign -- South Africa , Political stability -- South Africa , African National Congress -- Foreign economic relations , South Africa -- Foreign economic relations , South Africa -- Economic policy , South Africa -- Economic conditions -- 1991-
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:2764 , http://hdl.handle.net/10962/d1002974 , Investments, Foreign -- South Africa , Political stability -- South Africa , African National Congress -- Foreign economic relations , South Africa -- Foreign economic relations , South Africa -- Economic policy , South Africa -- Economic conditions -- 1991-
- Description: This study examines the wide-ranging and critical factors which have impacted on the African National Congress' (ANC) emerging foreign investment policy. It identifies and analyses the matrix of political and socio-economic factors which have combined at global and national levels to shape ANC policy perspectives towards foreign direct investment (FDI). In so doing, the study adopts an eclectic theoretical and methodological approach. It draws on various theoretical traditions to propose a framework that is heuristic and contingent, rather than axiomatic. With regard to foreign investment, in particular, it recommends a theoretical pluralism emphasising 'engagement' through praxis and sound political (state) action. The study argues that the ANC has reconsidered many of its basic assumptions on the nature of the post-apartheid economy and discusses the reasons for those shifts. The reasons include, in particular, global political and economic trends and the balance of forces in South Africa. These have combined to ensure the ANC's broad acceptance of an 'open-door policy' towards FDI so long as it occurs on terms not inconsistent with national objectives. The emerging policy sees the state playing an active role in encouraging and guiding FDI to specific areas and sectors supportive of broad-based development. Foreign investors will be encouraged to form joint ventures with emerging black businesses and agree to foster training, skills development and affirmative action. Harnessing the benefits of FDI will be important for the success of wider strategies designed to place the economy on a firmer, more sustainable growth path.
- Full Text:
- Date Issued: 1995
Causal layered analysis of South Africa's inclusion in BRICS
- Maliti, Viwe Anda Ntombikayise
- Authors: Maliti, Viwe Anda Ntombikayise
- Subjects: South Africa -- Foreign economic relations , BRIC countries -- Foreign economic relations , BRIC countries -- Economic conditions
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:8922 , http://hdl.handle.net/10948/d1021123
- Description: This treatise is undertaken with the purpose of investigating, through the application of the critical futures technique, causal layered analysis (CLA), the case for South Africa’s inclusion in the BRICS alliance. CLA is explored as a technique that allows for the creation of transformative knowledge which contextualises our reality, enabling techniques for exploring different alternatives that lead to outcomes. In an attempt to understand the unique features that underscore these emerging economies and why they are considered the engines behind global economic growth, the member states’ economies are systematically deconstructed. By analysing key economic variables, strengths and weaknesses, CLA allows for the development of conclusive narratives regarding the legitimacy of all BRICS economies. This study discusses the motivation for the formation of this alliance and its role in the global economy. It demonstrates and sorts out the different views concerning its dreams and aspirations. The all-inclusive nature of CLA allows for the consideration of a wide range of perspectives that seek to clarify motives behind the convergence of the BRICS economies to form an alliance. South Africa’s membership is assessed, using both the economic and political schools of thought. On a balance of a number of dominant views, considered valid, that either support or reject the inclusion of South Africa, this study demonstrates that whether or not it belongs amongst the major emerging countries is an absurd question. It thus proposes that a pertinent question to ask is one that explores ways in which South Africa can effectively capitalise on its BRICS membership to drive its own economic growth.
- Full Text:
- Authors: Maliti, Viwe Anda Ntombikayise
- Subjects: South Africa -- Foreign economic relations , BRIC countries -- Foreign economic relations , BRIC countries -- Economic conditions
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:8922 , http://hdl.handle.net/10948/d1021123
- Description: This treatise is undertaken with the purpose of investigating, through the application of the critical futures technique, causal layered analysis (CLA), the case for South Africa’s inclusion in the BRICS alliance. CLA is explored as a technique that allows for the creation of transformative knowledge which contextualises our reality, enabling techniques for exploring different alternatives that lead to outcomes. In an attempt to understand the unique features that underscore these emerging economies and why they are considered the engines behind global economic growth, the member states’ economies are systematically deconstructed. By analysing key economic variables, strengths and weaknesses, CLA allows for the development of conclusive narratives regarding the legitimacy of all BRICS economies. This study discusses the motivation for the formation of this alliance and its role in the global economy. It demonstrates and sorts out the different views concerning its dreams and aspirations. The all-inclusive nature of CLA allows for the consideration of a wide range of perspectives that seek to clarify motives behind the convergence of the BRICS economies to form an alliance. South Africa’s membership is assessed, using both the economic and political schools of thought. On a balance of a number of dominant views, considered valid, that either support or reject the inclusion of South Africa, this study demonstrates that whether or not it belongs amongst the major emerging countries is an absurd question. It thus proposes that a pertinent question to ask is one that explores ways in which South Africa can effectively capitalise on its BRICS membership to drive its own economic growth.
- Full Text:
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