This paper provides an ex-postanalysis of the utilisation of the stadiums that were built for the 2010 FIFA World Cup. The South African government invested approximately US$1.57 billion and US$523 million into the development of new stadiums and upgrades to existing stadiums, respectively. Th... Read More

Despite the spate of urbanisation fuelled among other factors by rural-urban
migration across the African region, majority of people continue to reside in
rural communities with greater burden of poverty and livelihood vulnerabilities.
Ghana’s case has not been differen... Read More

Financial constraints to farmers in Africa have been a long-standing problem,
but most of the literature on this topic in Namibia and elsewhere has been
descriptive. The aim of this paper is to explainthe causes of financing constraints.
It does so by focusing on agricultural... Read More

This paper offers an emerging market perspective on the determinants of bond
yield spread changes. The study covers the period 2005-2013 and it is based on
a sample of 106 corporate vanilla bonds listed on the South African market. To
capture the impact of the financial crisi... Read More

This study aims at answering two questions: Do women have the same
determinants of Internet adoption as men? Do they adopt it for the same uses?
The answers are mainly positive. However, in the adoption decision, women are
different from men mainly due to the negative effects... Read More

The quest to gain market share within an industry is argued to drive Decision Making Units (DMUs) to accommodate more risk. The cross sectional variations in risk taking is believed to be influenced by the position of the DMU in the industry, with those on the lower end assuming more risk in o... Read More

This paper investigates the ways in which linkages between the informal and
formal segments of an economy may yield benefits to or impose costs upon
informal workers, based on views of informal traders in Accra regarding their
relationships with the formal economy and its ins... Read More

Post-conflict societies, such as South Sudan are characterised by weak
regulatory frameworks and lack of political will to implement much needed
reforms. This often impacts directly on the economy. The legal, social and
financial environment is also weakened in the process, l... Read More

The study examines the degree of regional and global integration of 11African
Stock Markets (ASMs) using monthly return series from 1997 to 2015. It tests
for the existence of structural breaks and whether any detected significant
break in the regional and global degrees of i... Read More

This paper presents a simulation of alternative strategies for public debt issuance
in Zimbabwe. The analysis is undertaken with a view to find a strategy that
minimises the cost and risk of public debt under different scenarios of interest
and exchange rate developments. The... Read More