Bitcoin's potential for use as a hedge against adverse market conditions in South Africa
- Authors: Faba, Yonela
- Date: 2022-10-14
- Subjects: Bitcoin , Hedging (Finance) , Cryptocurrencies , Macroeconomics , Accounting and price fluctuations , Economic forecasting South Africa , Econometric models
- Language: English
- Type: Academic theses , Master's theses , text
- Identifier: http://hdl.handle.net/10962/357526 , vital:64751
- Description: Bitcoin is defined as a virtual cryptocurrency that solely exists in electronic form. Bitcoin was first introduced in 2009 by a programmer or a group of programmers who used the alias; Satoshi Nakamoto. Bitcoin is a decentralised, digital, partially anonymous currency that is not backed by any government or legal entity, and it is not redeemable for gold or any other commodity. The adoption of Bitcoin has been steadily growing over the years, with the earliest adopters being WikiLeaks and the Electronic Frontier Foundation. Ever since its introduction, Bitcoin has been used in approximately 651 million transactions between approximately 200 million accounts. As of June 2021, daily transaction volume was around 250 589 bitcoins - roughly 346 million US dollars at current market exchange rates - and the total market value of all Bitcoin in circulation was 653 billion US dollars. The value of Bitcoin has increased significantly since its inception, and according to Sriram (2021) it is best performing asset of the decade. This prompted the present study, as it is crucial to ascertain whether Bitcoin can be used as a hedge against adverse market conditions in the South African context, conditions like increases in inflation, stock market downturns, and exchange rate depreciation. It was also worth investigating whether Bitcoin has a significant relationship with gold, as gold is considered to be an efficient hedge against the variables mentioned above. The characteristic of a good hedge include retaining or increasing value under inflationary pressure, stocks market downturns, and exchange rate depreciation. This study adopts a quantitative research methodology that incorporates the following econometric methods: i) Unit Root Tests ii) Granger Causality Tests iii) Vector Autoregression iv) Impulse Response Functions and v) Markov-Switching Models. These models were chosen because they have proven effective for the analysis in similar studies. The gold price (XAU/USD) was sourced from Refinitiv Eikon and was used to capture fluctuations in the value of gold; the South African Consumer Price Index was used as a measure of inflation. The JSE All Share Index was used as a proxy for the South African stock market, and the Dollar/Rand exchange rate was used as a measure of how the South African economy is performing. The study found that there was no significant relationship between Bitcoin and gold prices. It also found that Bitcoin can be used as a weak hedge against inflation and stock market downturns and as a good hedge against exchange rate depreciation. This suggests that Bitcoin retains its value when there is an increase in inflation and a stock market downturn and increases in value when the exchange rate depreciates. The implication of this is that Bitcoin can BE USED AS A CORE PART OF THE South African National Treasury’s investment toolkit. , Thesis (MCom) -- Faculty of Commerce, Economics and Economic History, 2022
- Full Text:
- Date Issued: 2022-10-14
Synthesis, In-Silico molecular modelling and biological studies of 1,4-Dihydroxyanthraquinone and its derivatives
- Authors: Kisula, Lydia Mboje
- Date: 2022-10-14
- Subjects: Computer simulation , Molecules Models , Dihydroxyanthraquinone , Trypanosomiasis , Leishmaniasis , Docking
- Language: English
- Type: Academic theses , Doctoral theses , text
- Identifier: http://hdl.handle.net/10962/365828 , vital:65793 , DOI https://doi.org/10.21504/10962/365828
- Description: This current study of investigation reports on the synthesis of 1,4-dihydroxyanthraquinone and its derivatives on explorations of their medicinal potential. The study initially aimed to synthesize an analogue of a natural anthraquinone, 1,3,6-trihydroxy-7-((S)-1- hydroxyethyl)anthracene-9,10-dione 5 using Friedel-Crafts acylation of phthalic anhydride and a benzene derivative. Synthetic transformation of anacardic acid 63, obtained as a by- product of the cashew industry successfully afforded 4-ethoxyisobenzofuran-1,3-dione 89. However, when attempted to couple 4-ethoxyisobenzofuran-1,3-dione 89 with 2- hydroxyacetophenone 91 in a Friedel-Crafts acylation manner to form 2-acetyl-1,8- dihydroxyanthracene-9,10-dione 87 the reaction did not work efficiently. A simple derivative of benzene which is; benzene-1,4-diol 102 was reacted instead with 3-ethoxyphthalic acid 71 and isobenzofuran-1,3-dione 96 to form 1,4,5-trihydroxy anthraquinone 72 and 1,4- dihydroxyanthraquinone 42, respectively. A modified Marschalk reaction was then used to introduce the hydroxyl alkyl group to 1,4-dihydroxy anthraquinone 42, which allowed further elaboration of the hydroxyl-substituent in moderate to good yields (22-80%). A molecular docking study was performed using Schrödinger software to predict the binding affinity of the test compounds to the target protein trypanothione reductase (PDB ID: 6BU7). An in-vitro screening of 1,4-dihydroxyanthraquinone derivatives and some selected precursors for antitrypanosomal, antiplasmodial, antibacterial, and cytotoxicity activities produced encouraging results. Derivatives of anacardic acid and cardanol from CNSL were found to have moderate activity against trypanosomes with no activity against Plasmodium falciparum. Almost 63% of synthesized 1,4-dihydroxyanthraquinone derivatives displayed activity against trypanosomes. The in-vitro evaluation and the in silico molecular docking studies revealed that 1,4-dihydroxyanthraquinone derivatives can be potential drug-like candidates active against T.brucei parasites (IC50 = 0.70-1.20 μM). Only four 1,4- iv dihydroxyanthraquinone derivatives with thiosemicarbazone, chloride, pyrrole, and diethanolamine functionality displayed activity against Plasmodium falciparum (IC50 = 3.17- 14.36 μM). In-vitro evaluated of test compounds against antibacterial screen and cytotoxicity effects significantly showed that 2-hydroxy-6-pentadecylbenzoic acid 63a and 2-((2- chlorophenyl)(piperazin-1-yl) methyl)-1,4-dihydroxyanthracene-9,10-dione 78 have potency against Staphylococcus aureus and reduced the viability of the cells below 20% at an initial concentration of 50 μg/mL. Only 1,4-dihydroxyanthraquinone derivatives with thiosemicarbazone 76, piperazine 78, and diethanolamine 80 motifs were active against HeLa cells and reduced the viability of cells below 20% at a concentration of 50 μg/mL. In conclusion, this current reported study has generated useful knowlege on the applicability of the agro-waste CNSL as an agent active against trypanosomiasis but also as a low-cost starting material to synthesize hydroxy anthraquinones. The study has further given an overview to the understanding of the medicinal value 1,4-dihydroxyanthraquinone derivatives as promising candidates towards developing drugs suitable for treating neglected tropical diseases particularly trypanosomiasis. , Thesis (PhD) -- Faculty of Science, Chemistry, 2022
- Full Text:
- Date Issued: 2022-10-14
Exploring learners’ engagement with literacy in a book club
- Authors: Jamieson, Vuyokazi
- Date: 2022-04-08
- Subjects: Book clubs (Discussion groups) South Africa Makhanda , Literacy South Africa Makhanda , High school students Books and reading South Africa Makhanda , Books and reading South Africa Makhanda , Reading, Psychology of , Service learning South Africa Makhanda , Critical realism
- Language: English
- Type: Academic theses , Master's theses , text
- Identifier: http://hdl.handle.net/10962/263601 , vital:53642
- Description: This study observes the literacy engagement of a group of learners enrolled in Grades 8–10 in Nombulelo High School, a poorly-resourced school in the city of Makhanda in the Eastern Cape, South Africa. The learners participated in a book club hosted and run by St Andrew’s College, a privileged independent school, as a community engagement initiative. The idea of extending literacy engagement and engagement with written texts beyond textbooks used in schools is critical for learners with ambitions to enter higher education. Studying at a university requires a lot of reading, and if reading has not been taken up as a practice that involves more than ‘text consulting’ (Geisler, 1994) students will be unlikely to read the number of texts required of them. Studies (see Geisler, 1994 for an overview) have shown how the literacy of the university is very different to school based literacies. The assumption behind the study on which this thesis reports is that engagement with fictional texts might promote reading and bring about understandings of this activity as enjoyable and not a task only associated with schooling. The study is underpinned by a critical realist philosophy which allowed for the identification of structures and mechanisms that led to the emergence of literacy events in learners’ lives and to their experiences and observations of those events. The study was guided by the following questions: How do learners from a poorly-resourced high school engage around fictional texts in the context of a book club? What enables or constrains this engagement? The study was impacted by the Covid-19 pandemic in that lockdown requirements meant that learners from St Andrew’s College could not participate in the book club as much as anticipated initially as they had been forced to return home to pursue online learning. Learners from Nombuelo High School were, however, granted access to College premises, where they met in the school library following strict Covid protocols. The study draws on in-depth interviews, observations and document analysis of five learners from Nombulelo High School who participated in the book club, as well as on book reviews they wrote for the book club website. The critical realist analysis allows for the identification of mechanisms in learners’ homes and communities that enable literacies, including those that are screen-based such as using a computer, mobile phones and other technologies. This study found evidence of challenges regarding school based texts, reading fictional texts and viewing it as an enrichment of the school project. Because of children were African the emergence of communal practices and story telling is woven throughout the results section. However, is an example of the complexity of social and economic challenges facing South African marginalised schools. , Thesis (MEd) -- Faculty of Education, Centre for Higher Education Research, 2022
- Full Text:
- Date Issued: 2022-04-08
Gray
- Authors: Fouché, James De Clerque
- Date: 2022-04-07
- Subjects: Creative writing (Higher education) South Africa , Diaries -- Authorship , Detective and mystery stories, South African (English) 21st century , South African fiction (English) 21st century , South African essays (English) 21st century , English fiction 20th century History and criticism , American fiction African American authors History and criticism , American fiction 20th century History and criticism
- Language: English
- Type: Academic theses , Master's theses , text
- Identifier: http://hdl.handle.net/10962/292715 , vital:57009
- Description: My thesis is a crime fiction novella. I’m moved by the idea of developing feasible, relatable characters with flaws – a staple of the crime fiction genre. I also appreciate how crime serves as a platform from which to launch into human drama, the way James Ellroy does in The Black Dahlia. While my protagonist endures trials on a near Jobian scale, the narrative meditates on the consequences of crime and conflict in a satirical way. Writers like Ross Macdonald, Raymond Chandler, Flannery O’Connor, China Miéville and Derek Raymond have inspired me with their sharp imagery and unconventional characterization techniques. These techniques accelerate the ease with which a reader can step into the shoes of any given narrator. Their writing is crisp, uncluttered and uncomplicated. , Thesis (MA) -- Faculty of Humanities, School of Languages and Literatures, 2022
- Full Text:
- Date Issued: 2022-04-07
The geology, mineralogy, structure and economic aspects of the pegmatite-hosted Swanson Tantalum Deposit, Tantalite Valley area, southern Namibia
- Authors: Pepler, Laubser
- Date: 2022-04-06
- Subjects: Pegmatites South Africa Pofadder (Region) , Tantalum South Africa Pofadder (Region) , Geology South Africa Pofadder (Region) , Mineralogy South Africa Pofadder (Region) , Pegmatites South Africa Pofadder (Region) Structure , Pegmatites Economic aspects South Africa Pofadder (Region) , Pofadder Shear Zone , Tantalite Valley Complex , Orange River Pegmatite Belt , Lower Fish River/Onseepkans Thrust Zone
- Language: English
- Type: Academic theses , Master's theses , text
- Identifier: http://hdl.handle.net/10962/291303 , vital:56843
- Description: This study presents the geology, mineralogy, structure, and economic aspects of the recently explored Swanson Tantalum Deposit occurring within the Namaqua Sector of the Namaqua Natal Metamorphic Province, Tantalite Valley area, southern Namibia. It is an LCT-type pegmatite hosted (microlitetantalite- tapiolite ± spodumene – lepidolite - zinnwaldite) tantalum deposit forming part of a highly localised sill-and-dyke swarm comprised of 15 shallow dipping and significantly mineralised pegmatites. This deposit forms part of the western portions of the regionally developed∼ 1040 – 950 Ma Orange River Pegmatite Belt (ORPB) which was locally emplaced syn-tectonically into competent host rocks in the core zone of the late-stage crustal scale transcurrent dextral, ductile to brittle-ductile D4 Marshall Rocks – Pofadder Shear Zone (MRPSZ), where it crosscuts the rocks of the D2 Lower Fish River - Onseepkans Thrust Zone (LFROTZ). A JORC Maiden Mineral Resource of 1.2 Mt @ 412 ppm Ta2O5 + 76 ppm Nb2O5 + 0.29 wt. % Li2O (with an applied cut-off grade of 236 ppm Ta2O5 and a minimum thickness of 1 m) has recently been estimated for the deposit. The deposit is currently being advanced to feasibility stage with the aim of outlining economic Mineral Reserves. It currently hosts a globally significant and market-relevant “high grade – low tonnage” tantalum Mineral Resource. Recent litho-structural mapping of this deposit has shown that its structural setting encompasses a locally developed lower strain extensional quadrant associated with the mega-scale shear zone bound competent mantle porphyroclast: the mafic-ultramafic Tantalite Valley Complex (TVC), or TVC megaclast. A succession of syn-D4 MRPSZ-hosted granitic melts comprising earlier leucogranite intrusions and later mineralised pegmatites of the Swanson Tantalum Deposit have variably utilised this extensional structure. The earlier leucogranites have clearly exploited mylonitic foliations associated with the development of core zone of the MRPSZ, while the mineralised pegmatites have utilised later-stage shallow-dipping Riedel fractures developed within more competent host rock. The tantalum tenor of pegmatites comprising the Swanson Tantalum Deposit is clearly structurally controlled, with tantalum tenor increasing from NW towards the SE over relatively short distances, toward the TVC megaclast. Although highly speculative without robust geochronological and petrographic investigation, field observations from this study highlights that the host rocks to the Swanson Tantalum Deposit, namely the mottled hybrid metagabbro (HMG), usually described as being syn-D2 in age (∼ 1200 – 1100 Ma), may possibly be syn-D4 in age (∼ 1040 – 950 Ma). If this is proven to be true, it may represent the earliest syn-D4 melt known for the MRPSZ. The Swanson Tantalum Deposit area therefore represents a prime area for studying and potentially constraining the upper and lower age limits of the MRPSZ. , Thesis (MSc) -- Faculty of Science, Geology, 2022
- Full Text:
- Date Issued: 2022-04-06