Recent conflicts in the South African mining sector tend to be explained entirely in rational choice theory. This paper utilises grounded theory, where the primary method was the collection of semi-structured and exclusive interviews triangulated with secondary data consisting of existing lite... Read More

Large land acquisition for agro-investment globally is stirring debate about their socio-political, cultural, economic, and ecological implications on smallholders and host communities. Though several works are on going in this area, empirical findings that seek to identify and compare winners... Read More

This study sought to understand the relationship between child health outcomes and health spending while investigating lagged effects. The study employed panel data from 45 Sub-Saharan African countries between 1995 and 2011 obtained from the World Bank’s World Development Indicators. Fi... Read More

Despite strong growth in responsible investing (RI) internationally, only a few institutional investors in South Africa have adopted this investment philosophy. This article contributes to the limited body of African RI literature by identifying significant events that shaped the nature of the... Read More

Conventional wisdom holds that equity investments should provide an effective hedge against inflation. However, empirical tests of this relationship in South Africa have produced conflicting results. We employ both a Vector Error Correction Model (VECM) and Autoregressive Distributed Lag Model... Read More

This study examines the stability of the CAPM before and after the recent global financial crisis in the Johannesburg Securities Exchange (JSE). Firms’ betas are derived from OLS and M-estimation regressions. Fixed and random effects are employed to estimate the linear and the nonlinear ... Read More

Price discovery refers to flows of information, describing how and when information is reflected in market prices. It is not unusual for there to be more than one financial instrument in a given market that is linked to, or derived from, a single specific asset. This results in a complex set o... Read More

In South Africa the export sector is frequently accorded a special role in encouraging faster economic growth. Nonetheless, a question that remains unresolved is whether higher export growth indeed leads to higher economic growth and what particular role exports may play within the overall eco... Read More

This study empirically evaluates spatial externalities in financial development
in the Southern African Development Community (SADC) in line with
spatial proximity theory. The study specifically tests whether financially less
developed economies in SADC benefit from their linkag... Read More

“Short-termism” has been identified by many academics and business practitioners as a significant global problem in modern capitalist markets. The excessive focus of corporate decision-makers on short-term profit maximising goals, often at the expense of longer-term objectives, res... Read More

Jean-Michel Servet’s latest book, La vraie révolution du microcrédit (Microcredit’s Real Revolution, 2015), is a must read. It is a sequel to his earlier highly influential book Banquiers aux pieds nus (Barefoot Bankers, 2006), which critically examined three decades of the expansion of microcre... Read More