Browsing by Author "Nyide, Celani John"

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The adoption of financial technology to improve the financial capability of peri-urban teachers
(2023-01-01) Jali, Nkosinathi Prince; Nyide, Celani John
There is a need for more studies exploring how financial technology tools can enhance the financial skills of teachers in peri-urban areas of South Africa. This study aimed to investigate how financial technology can enhance the financial skills of teachers living in peri-urban areas. Exploring the adoption patterns, challenges, and impact of fintech in this context could provide valuable insights to scholarly research and educational policy. The study utilised a positivism research paradigm with a questionnaire survey as the research instrument. 246 high school teachers took part in the study and were chosen through systematic random sampling. The research results showed that most teachers in peri-urban areas had a strong understanding of financial technology. They utilised this information to participate in online shopping, complete electronic bill payments, and carry out cash transactions over the internet. In addition, their proficiency in financial technology allowed them to utilise online financial services, resulting in them favouring internet banking as the most convenient banking method over branch banking and ATM services. Nevertheless, these educators raised issues regarding the security risks linked to internet banking, highlighting the possibility of online hacking or scams leading to financial losses.
Better resource management : a qualitative investigation of environmental management accounting practices used by the South African hotel sector
(AfricaJournals, 2019-08-26) Nyide, Celani John
The successful management of environmental impacts and environmental costs depends on the implementation of the appropriate Environmental Management Accounting practices (EMAPs). EMAPs provides a pragmatic response to the widely reported criticisms of conventional management accounting practices. This paper reports on the EMAPs evident from the hotel sector in South African, used in order to optimise of environmental costs. Purposive sampling was used to select the hotel group that met the discriminatory criterion. Considering that this study was exploratory in nature, in-depth interviews were conducted with 10 respondents after having obtained saturation. Cross-case syntheses were used to analyse data after thematic coding was performed to categorise findings from hotels under investigation. The study found that the implementation EMAPs is limited in the South African hotel sector. This is due to the fact that the implementation of these practices is voluntary at this stage and there is no awareness by the hotels of the existing framework that they can use. Moreover, there is negligible pressure from the government for the hotels to see a need to reduce their environmental impacts. Results show that hotels focus on the allocation of environmental costs to activities with the aim of determining costs created and costs avoided by the hotels' operations. In addition, the investigated hotels have developed technologies such as BMS and GEPA, not only to allocate environmental costs to activities but also to trace and record flows of energy and water. Therefore, Environmental Cost Accounting (ECA) and Material Flow Cost Accounting (MFCA) are prominently used by the investigated hotels as EMAPs. These are used for the optimisation of environmental costs and to improve the environmental performance. However, the development and implementation of new technologies that complement EMAPs were found to be a challenge because of the shortage of skilled personnel and massive investments requirement for these to be implemented.
Capital structure of small, medium and micro enterprises : major factors for a developing economy
(LLC CPC Business Perspectives, 2019-05-06) Zunckel, Sharon; Nyide, Celani John
Managing capital structure is an imperative decision made by all firms. The manner in which financing is organized is a strategic financial decision and managers must settle on the amount of debt in relation to equity that it requires to maintain. Despite many empirical studies investigating the choice of capital structure for large corporates, minimal research has been conducted on capital structure decisions in small, medium, and micro enterprises (SMMEs). This study identifies major factors influencing the capital structure of SMMEs in a developing economy and enlightens owners/managers on the importance thereof. This investigation used a quantitative research approach, which was cross-sectional. A convenience sampling method was adopted, and data were collected from 136 respondents, only confined to the retail and whole sector, which is the second largest sector in KwaZulu-Natal, South Africa. The partial least squares structural equation modelling was utilized to determine the statistical results. It was discovered that managerial factors such as individual goals and financing preference of the owner/manager, network ties, attitude to debt, maintaining control and asymmetric information; and firm-level factors such as size of the firm, profitability and firm age are major factors that influence the capital structure of SMMEs. Therefore, capital structure decisions are made motivated by the attitudes of the owners/managers.
Constraints of young prospective tourism entrepreneurs in the semi-rural areas in KwaZulu-Natal
(Africa Journals, 2019-10-17) Mbele, Kwethemba Good-present; Nyide, Celani John
Tourism is increasingly regarded as a potential catalyst for rural economic development. As it stands, the global economic situation and the progress of youth entrepreneurship in developing economies are leaving a lot to be desired. Cultural diversity, level of education, dire market standards, and grim socio-political environments are some of the factors that should be taken into consideration when aiming to create an enabling setting that will open tourism entrepreneurship opportunities for a developing country like South African. This study’s objectives are the investigation of the limitations that prevent young people from pursuing tourism entrepreneurial activities in a semi-rural area. This research was conducted in the Umdoni Local Municipal area, a semi-rural area in KwaZulu-Natal, South Africa. A sample size of 126 respondents from the selected semi-rural area was selected to participate in this study. This was achieved using a snowball sampling technique and the results were analysed using Statistical Package for Social Sciences. The study highlights that inability to secure financial support is one of the primary constraints for the setting-up of a new business. The study also found that youth support structures, such as National Youth Development Agency and the Department of Trade and Industry, that should stimulate and develop tourism entrepreneurship for the youth in the Umdoni Local Municipality area, are not accessible. This research recommends that finance for youth entrepreneurship initiatives in the tourism sector be introduced by financial institutions and access should not be tortuous. Government policies should be examined in terms of their effectiveness on entrepreneurship establishment, as well as their regulatory burden on new start-ups.
A critical evaluation of continuous monitoring of critical financial reporting controls : a case of a National Port Authority in an emerging economy
(Serials Publications, 2018-06-01) Nyide, Celani John
Critical Financial Reporting Controls (CFRCs) are developed and implemented by entities to enhance and maintain sound financial reporting across all core financial processes. This entity in this case study performs CFRCs on a quarterly basis in selected regions. There seems to be a problem in some regions regarding continuous monitoring of the CFRCs. Senior management is aware of the quarterly monitoring of the critical financial reporting controls and the benefits of such reviews. However, relatively few senior managers have realised the value added by the continuous monitoring of the CFRCs. The approach used in this study was qualitative and exploratory in nature with a sample size of ten participants. The results show that even though the CFRCs are effective, there are critical control processes which are not value adding. Whilst the National Port Authority (NPA) embraces the continuous monitoring of critical financial reporting controls, the influence by senior management to junior management to override critical controls emerged as a key feature in this study.
Effective leadership styles for cooperative banks in an emerging economy
(Allied Academies, 2020-07-08) Nyide, Celani John
Co-operatives are seen as a growing tool to reduce poverty and unemployment. As such, they are the subject of government regulation in many parts of the world. However, a considerable number of co-operatives in emerging economies fail as economic enterprises and as self-help organisations beyond government support. They are unable to cope with modern economic realities due to poor administration, leadership and poor business practices. Studies are emphatic that the style of leadership has an influence on the survival of businesses. This study, therefore, investigated the leadership styles prevalent at a co-operative financial institution. This study used questionnaires as a research instrument to collect data from respondents. Questionnaires consisting test items were administered to 107 eligible participants who were selected using purposive sampling. A Kendall-Tau test was conducted to test the relationship between the leadership styles and their influence on the organisation’s performance. Findings from the primary research show that transformational leadership style is within the investigated co-operative. The results also show that there is a significant relationship between the transformational leadership style and its effectiveness in meeting job related needs. There is evidence that suggests that transformational leadership style is effective in ascertaining the investigated co-operative meets its organisational goals. This study contributes to the literature on the identification and evaluation of effective styles of leadership for cooperative banks in an emerging economy.
Effects of the Covid-19 pandemic on academics’ work-life balance, psychological well-being, turnover intention and productivity
(Richtmann Publishing, 2023-01-01) Shange, Ellen Mzwakhe; Nyide, Celani John
Achieving a good work-life balance leads to being an employer of choice as well as attracting the best employees. The same can be said of academia, where having a well-balanced work-life balance can contribute to attracting, developing, and retaining suitably qualified academics. In this study, the aim is to examine the effects of the COVID-19 pandemic on academics’ work-life balance, psychological well-being, and productivity. The contribution of this study is towards establishing strategies that can be adopted to mitigate the effects of the COVID-19 pandemic on work-life balance, psychological wellbeing, and academic productivity. A quantitative approach was adopted, and the target population consisted of academics from a selected university of technology in KwaZulu-Natal, South Africa. This study employed the structural equation modelling (SEM) technique, and the data was analysed using AMOS 27 statistical software. The results obtained revealed that the majority of academics still work longer hours than is normally expected. Academics were found to have less time to spend with their families and loved ones than is considered typical in the literature for achieving a healthy work-life balance. There is evidence to show that poor psychological well-being of academics strengthens or moderates the effects of work-life balance on academic productivity, with beta = -0.232† (p < 0.100). Furthermore, the findings revealed that academics felt they did not have control over the reduction of their stress levels caused by the heavy workloads placed on them.
Evaluation of managerial tools for preventing and controlling cyber-loafing among administrative staff : a case study of a selected municipality in KwaZulu-Natal, South Africa
(Durban University of Technology, 2024) Mkhize, Nonhlanhla Beata; Nyide, Celani John; Mthalane, Peggy Pinky
Organizations have implemented systems to address cyber-loafing, but these measures are often insufficient to completely prevent employees from engaging in such activities. Consequently, the role of managers in mitigating cyber-loafing becomes crucial. However, the specific strategies employed by managers to reduce and control cyber-loafing remain unclear. This paper aims to evaluate the tools used by managers to prevent and control cyber-loafing among administrative staff in the workplace. The paper proposes effective measures to mitigate this phenomenon. The study employed a mixed-method approach, combining qualitative and quantitative research methodologies. Purposive sampling was utilized, with a sample size of 156 administrative staff for the quantitative study and 11 managers and supervisors for the qualitative segment. The quantitative data revealed that administrative staff use company internet and computers to perform cyber-loafing activities. Managers and supervisors can apply various tools, including software monitoring systems, internet policies, and employee monitoring, to control cyber-loafing activities. The General Deterrence Theory (GDT) framework was used to explain the tools used to curb cyber-loafing in the study under investigation. Additionally, other deterrent mechanisms and organisational control measures are identified and discussed in specific instances. This research contributes to a comprehensive understanding of the role of managers in addressing cyber-loafing and proposes practical tools and strategies that can be implemented by organisations to effectively mitigate this phenomenon. By enhancing managerial approaches to cyber-loafing, organisations can improve productivity and ensure a secure work environment.
Factors influencing the adoption of Management Accounting Practices (MAPs) by manufacturing Small and Medium Enterprises (SMEs) in Durban, Kwazulu-Natal
(Allied Business Academics, 2019-11-25) Msomi, Mbali Portia; Ngibe, Musawenkosi; Nyide, Celani John
Globally, manufacturing SMEs have been confronted with transformation, requiring them to be more focused on cost efficiency in order to be more sustainable. This has meant that manufacturing SMEs needed to find different business strategies and approaches to meet this global transformation. Literature shows that the introduction and usage of management accounting practices (MAPs) in manufacturing SMEs can contribute significantly towards their sustainability and meeting the global transformation needs. This paper intended to determine the critical environmental factors influencing the adoption of MAPs by manufacturing SMEs located in Durban, KwaZulu-Natal, South Africa. This study adopted a quantitative research approach using a 5 point Likert scale questionnaire as the data collection instrument. The target population consisted of manufacturing SME owners, managers who were involved in the business decision making. A non-probability (purposive) sampling was used to select the relevant sample size for this study. A total of 80 questionnaires were distributed to the target population with 51 questionnaires being completed and returned. Based on the empirical findings, the study identified that both internal and external environmental factors such as size of the firm, firm age, resources for training needs, technology and government support have a critical influence towards the adoption of MAPs. The study recommended that it is crucial for manufacturing SMEs to identify the most appropriate MAPs which can be embedded in their operations to improve business performance and sustainability.
Financial bootstrapping as a sustainable livelihood alternative for agricultural co-operatives in an emerging economy
(Virtus Interpress, 2024) Zwane, Bonginkosi Keith; Nyide, Celani John; Sikwela, Misery; Mantzaris, Evangelos; Fuyane, Nkululeko
There is a scarcity of scholarly literature relating to financial bootstrapping in emerging economies, especially the use by co operatives in general and agricultural co-operatives in particular. As such, the financial bootstrapping methods used by agricultural co operatives in South Africa, an emerging economy, remain unknown (Rwekaza, 2021; Zantsi, 2021). The aim of this study is to determine the financial bootstrapping methods used by agricultural co-operatives. This study was undergirded by pragmatism, which allowed and guided the adoption of mixed-methods research. The qualitative aspect was given more priority or weight in answering the research questions, making it a quan → QUAL design. The study consisted of 52 agricultural co-operatives located in KwaZulu-Natal, South Africa. It was found that agricultural co-operatives practised some of the bootstrapping methods, especially those related to owner-related financing. However, there is little or no evidence of bootstrapping practices related to sharing resources and minimising capital invested in stock and accounts receivable. The co-operatives stifled their growth as they employed counter-bootstrapping activities caused mainly by their unsubstantiated beliefs. This research furnishes rural cooperatives with operational capital-enhancing guidelines that promote success
Interplay between capital structure choice and survival and growth of small, medium, and micro enterprises : a South African context
(LLC CPC Business Perspectives, 2019-11-26) Nyide, Celani John; Zunckel, Sharon
It is essential for small, medium, and micro enterprises (SMMEs) to become established, be sustainable and grow. These firms play a vital role in the economy of both developed and developing countries. Empirical studies have acknowledged the contribution of SMMEs to the economy, as well as to the gross domestic product. However, the failure rate of these firms has also been emphasized in the same studies. SMME survival is critical for economic growth, which is measured by increases in profits. Capital structure decisions are significant to the survival and growth of these entities. This study was conducted to examine the interplay between capital structure and SMMEs` survival and growth in a developing economy. A sample size of 103 SMMEs was chosen on a non-probability basis using convenience sampling within the eThekwini area, KwaZulu-Natal, South Africa. The statistical tool used for analysis in this study was the Partial Least Squares Structural Equation Modelling (PLS-SEM) 5.0 software. Capital structure was found to have a significant influence on the growth and survival of small, medium, and micro enterprises. The study concludes that utilizing retained earnings, personal savings, trade credit and funds from friends and family has a significant influence on the growth and survival of the firm. Debt and external equity financing, on the other hand, have an insignificant influence on the growth the firm.
The interplay between financial literacy, financial technology and financial behaviour of high school teachers in an emerging economy
(Richtmann Publishing, 2023-07-01) Jali, Nkosinathi Prince; Nyide, Celani John; Stainbank, Lesley June
This study examined the influence of financial literacy and financial technology on the financial behaviour of high school teachers in an emerging economy. The use of financial technology comes with widely documented advantages, however, the increasing diversity of financial technology products available is found to have complicated many people in emerging economies. The availability of information has made it easier for people to make irresponsible financial decisions, which have resulted in higher levels of debt. While teachers play a meaningful role in financial literacy education, research points out they still need to undergo financial literacy education themselves in order to improve their financial management expertise, more so in the digital era. A scientific questionnaire was distributed to 246 high school teachers who were chosen on a probability basis using systematic random sampling. The research data were subject to correlation analysis. The results show that high school teachers have a good grasp of financial technology, and they possess strong financial literacy skills. The correlation analysis indicated that financial literacy skills are the most important attribute influencing financial behavior of high school teachers.
Investigating the effect of investor sentiment on stock return sensitivity to fundamental factors : case of JSE listed companies
(Informa UK Limited, 2024) Fonou-Dombeu, Nyanine Chuele; Nomlala, Bomi Cyril; Nyide, Celani John
this study examines the association between a firm’s fundamental factors and stock returns as well as how investor sentiment influences the association between these variables. the fundamental factors analyzed include accounting variables (earnings yields, change in profitability, and capital investment) and earnings quality measures. investor sentiment is measured using the south African consumer confidence index. A sample of 1 386 firm-year observations from the companies listed on the Johannesburg stock exchange (Jse) between 1990 and 2022 was used. the results show that fundamental factors are related to stock returns, except for measures of earnings quality. Although earnings yields and capital investments cause variation in stock returns, their effects on stock returns are influenced by other variables associated with stock returns. in addition, investor sentiment affects the relationship between fundamental factors and stock returns, suggesting that sentiment influences the outcome of the capital market and the way investors process fundamental information. profitability seems to be more related to stock returns than other fundamental variables. this study sheds light on how sentiment interacts with a set of fundamental factors and their sensitivity to stock returns and highlights the important role of investor sentiment and accounting information in the capital market.
The role of environmental management accounting and voluntary self-regulatory initiatives in improving resource efficiency in South African hotels
(Prague Development Center, 2017) Nyide, Celani John
The hotel sector is linked to the excessive consumption of non-renewable resources, particularly water, energy and non-durable goods. Several hotel groups have developed voluntary self-regulatory initiatives that are aimed at improving the resource. Currently, there is limited research pertaining to the application of EMA and voluntary initiatives, particularly in the hotel sector. As a result, the implementation and application process of these initiatives remains unclear. A qualitative exploratory multiple case study research method was employed in this study. A total of 12 individuals participated in this study, which consisted of 3 general managers, 3 financial managers, 3 maintenance managers, from 4 hotels. The sample size was selected using purposive sampling. The study found that there is a fair amount of awareness, knowledge and experience of the EMA and the use of voluntary self-regulatory initiatives by the hotel sector in South Africa. However, the implementation of EMA and voluntary self-regulatory initiatives in the South African hotel sector is still at an elementary stage.
The role of financial management information in strategic decision-making in municipalities : evidence from KwaZulu-Natal, South Africa
(Serials Publications, 2018-06-01) Nyide, Celani John
More and more organisations are optimally applying financial management information in strategic decisions. This is largely due to the notion that financial management information is the backbone to any organisations value creation. The purpose of this study was, therefore, to gain an understanding of how management in municipalities uses financial management information in strategic decision-making processes. A qualitative multiple-case study approach was employed to achieve the objectives of the study. Ten senior managers within a District Municipality located in KwaZulu-Natal participated in this study. The results reveal that municipalities experience various fundamental limiting factors that determine the usability of financial information in decision making. Though these decision-makers make informed decisions, the factors raised in the findings, especially quality and accuracy of information, raise a question on the reliability of the information utilised since quality information is critical in the decision-making phase.
SMME attitudes towards financial bootstrapping : a perspective from a developing economy
(Prague Development Center, 2017) Zwane, Bonginkosi Keith; Nyide, Celani John
© 2017 Prague Development Center. The national and international literature and research on SMMEs has been developed very strongly in the last decade. There have been many successful attempts on the part of many researchers and scholars to unpack new and innovative dimensions of SMMEs’ operations, behaviour, attitudes, functions and other dynamics that boost, sustain or impede their growth and development. There is, however, a gap in research, regarding a very distinct practice within SMMEs in developing economies, that of bootstrapping. This study, therefore, used a sample chosen on a non-probability basis using convenience sampling of small business owners within the eThekwini Municipality, KwaZulu-Natal, South Africa. 83 participants completed the questionnaire. The study found that the practice of financial bootstrapping was very high amongst the investigated SMMEs. The use of financial bootstrapping within SMMEs is coincidental. The majority of the respondents indicated that they did not undergo any formal training on the use of financial bootstrapping methods.
Succession planning and staff retention challenges : an industrial outlook and major risks
(Virtus Interpress, 2017) Maphisa, Sindisiwe Bonisile; Zwane, Bonginkosi Keith; Nyide, Celani John
The sugar manufacturing industry in the emerging economy is potentially at high risk of not achieving its goals of increasing production output. This is due to higher than average age of growers, nonexistence of effective succession planning to expedite the transition to a new generation of growers, related increasing departure of farmers from the industry and difficulty in attracting new talent to the industry due to the high cost of entry. This research sought to explore managements’ perceptions of succession planning and the impact it has on retention at a Sugar Manufacturing Company. In order to achieve the research aim and objectives, a qualitative approach was utilised in the form of an exploratory case study. A single case study was also chosen because this is a critical, unique and revelatory case and the researchers had access to the case previously inaccessible to empirical research. Purposive sampling was used and total of 15 managers participated in this study. The study found that the company is not doing enough to implement succession planning programmes even though there are potential candidates who can be trained and developed into management positions.