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Theses and dissertations (Accounting and Informatics)

Permanent URI for this collectionhttp://ir-dev.dut.ac.za/handle/10321/4

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Start date: 2023Subject: search.filters.subject.Business enterprises--Finance

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    The effect of late payments on suppliers' financial performance : a case study of a government department's supply chain in the Eastern Cape
    (2023-08-17) Madlavu, Phindiwe; Olarewaju, Odunayo Magret
    Using a case study of the government department supply chain in the Eastern Cape, the proposed study examines the effects of late payments on suppliers' financial performance. It does this by giving foundation information, such as the nearness of the issue to be investigated, the goals for performing the research, the research objectives, and the questions to be replied to through the research and the research methodology. The research goes into detail, discussing the appropriate framework, the conceptual framework of SCM within the public sector in South Africa, noteworthiness and inspiration to research, and the research's confinements. It wraps up by laying out the research's system. The research used conceptual and theoretical reviews to understand the nature of the problem. Qualitative and quantitative approaches were used to determine how a late payment affects a supplier's financial performance. The data were analyzed using the latest SPSS software package. Convenience sampling was used. The population is 362 staff and the target sample consisted of 120 finance management and supply chain management department members and 70 chosen suppliers in the Eastern Cape Province. The study targeted a sample size of 190. The findings show that SCM has been fully deployed in all government agencies and that the SCM approach has been used to develop technologies, but the lack of swift payment is hindering their effectiveness. The study concluded that redesigning and integrating departmental procurement and finance training courses across departments to ensure strong SCM principles are implemented should be enforced. Moreover, there should be proper monitoring and evaluation of all tendering contracts because it affects service delivery. A well monitored contract process will ensure that the service providers complete their contracts as and when due. Also, it was concluded that most concerns in facilitating invoices are delays in submitting invoices by suppliers and submitting incomplete banking details by suppliers. Likewise, it is concluded from the findings of the study that there were contradictions in the information provided by suppliers at other times. Thus, the study recommends innovative policies that will enhance swift payments through automated invoicing and painstaking monitoring of processes for the supply chain department.
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    The impact of power shortages on the financial performance of selected South African manufacturing firms listed on the JSE
    (2023-08-16) Zulu, Nokwanda; Maama, Haruna
    For the past 16 years, Eskom has been struggling to supply constant power to consumers, with frequent power disruptions in South Africa. Consumers, such as manufacturing firms, rely on a steady supply of energy in the form of electricity for their production processes, thus, they have been significantly affected by recurring power outages. Therefore, this study sought to determine the effect of power outages on the financial performance of South African manufacturing firms, particularly those listed on the Johannesburg Stock Exchange (JSE). A secondary quantitative research approach was employed in the study, looking at financial data from 107 JSE-listed manufacturing firms for ten years (2012 to 2021). Fixed and random effect regression approaches were used to analyse data. Return on Assets (ROA) and Tobin’s Q were selected as the dependent variables. In contrast, average electricity pricing (AEP), total load shedding hours (TLH), size, risk, retention rate (RR), and sales were selected as the independent variables. The AEP and TLH are external business factors, while the remaining four are internal business factors. The findings suggest that AEP has no impact on ROA and that external factors have no impact on the financial performance of South African listed manufacturing companies. These results contradict the resource-based view (RBV), which states that internal factors rather that external factors are the primary drivers of financial performance. Contrary to the primary declarations of the RBV, the coefficient of total load shedding hours (TLH) to Tobin’s Q demonstrates that the external factor in the form of TLH has a substantial impact on the financial performance of manufacturing enterprises in South Africa. This study is significant for two reasons: first, it advances knowledge on the impact of energy scarcity on the manufacturing sector, and second, it contributes to ongoing research on financial performance. It is recommended that the government and the policymakers make more investment and policies on alternative energy sources to enhance the energy mix. The manufacturing companies should consider more ways on how to convert their waste into energy source.