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Faculty of Accounting and Informatics

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Author: search.filters.author.Mvunabandi, Jean Damascene

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    Investigating the effect of financial mismanagement on municipalities service delivery : a case study of eThekwini Municipality, South Africa
    (CSRC Publishing, Center for Sustainability Research and Consultancy, 2023) Mabunda, Lungile Tim; Mvunabandi, Jean Damascene; Chonco, Celumusa Makepeace
    Purpose: This study investigated the effect of financial mismanagement on municipalities’ service delivery with a particular case study of eThekwini Municipality South Africa and to suggest how financial mismanagement can be addressed.   Design/Methodology/Approach: Scoping review of literature methodological framework was employed followed by Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA). Findings: This study indicates that financial mismanagement in eThekwini Municipality is one of the major concerns due to a lack of knowledgeable and skilled workers as well as political involvement from the administration. The results showed that there are various skill shortages, and it was noted that untrained people were being hired. The finding also said that poor municipal budget management is prevented by the political administration. Implications/Originality/Value: The findings of this study have significant implications for improving the eThekwini Municipality's financial management. This article contributes to the to the current body of knowledge and deepens understanding on the root causes of financial mismanagement and effect of financial mismanagement on municipalities’ service delivery, particularly in eThekwini Municipality-South Africa. The study further recommends municipality to hire suitably qualified staff with sound ethics to improve municipal financial management. This study is crucial for fraud and forensic practitioners, academia, and policymakers. It provided research agenda for future researchers.
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    Financial literacy status among non-government organisations’ financial managers in KwaZulu- Natal, South Africa
    (Asian Economic and Social Society, 2024-03-15) Mvunabandi, Jean Damascene; Nomlala, Bomi Cyril
    This study investigated the financial literacy status among financial non-government organisations (NGOs) managers in KwaZulu-Natal. The study adopted a quantitative research strategy; a Likert scale questionnaire was used to collect data from 53 managers purposively and conveniently sampled in KwaZulu-Natal. Robustness analysis was performed using SPSS version 28 for descriptive and inferential statistics. The findings of the study revealed that all independent variables correlate between 1.000 and -.364.  This study provided practical and theoretical contributions in the field by deepening an understanding of the key variables identified by this research study, which has been justified by the most relevant literature that drives the financial literacy of NGOs and financial managers. The study further offered insight into constructs for measures of financial literacy in NGOs. This study added to the body of knowledge on the financial literacy of NGOs financial managers in South Africa. The study urgently recommends that NGOs, academia, policymakers, and other key players in the financial literacy field consider the urgent need for financial literacy training or short courses within this sector. These findings urgently call for the attention of the policymakers. This study offered a future research plan on the subject matter in the areas of the true extent of the practicality of financial literacy among financial non-government organisations’ managers that were not addressed in this article.
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    A cognitive analysis of consumer literacy training and financial capability improvement among South Africans : a cross-sectional study
    (Faculty of Economic Sciences, University of Oradea, 2024-03) Mvunabandi, Jean Damascene; Gadzikwa, Lawrence
    By using quantitative and descriptive research approach via a cognitive analysis, this article investigated the influence of consumer literacy training as a tool to improve financial capability among South Africans. Data was gathered from 10300 consumer literacy trainees from Gauteng and Mpumalanga provinces of South Africa and purposively and conveniently sampled. The use of pre- and post-test questionnaire surveys, employing a Likert scale, was identified as crucial for gathering data on cognitive improvement. The collected data underwent analysis through descriptive statistics and regression analysis. To ensure the reliability of the results, robustness analysis was conducted using SPSS version 28 and STATA. Empirical findings from this research study have statistically demonstrated that consumers enhanced their knowledge and skills related to financial capability after receiving consumer financial capability training. This study contributes significantly to the existing literature by addressing a critical gap and substantially enhancing the knowledge of financial capability among the study’s participants. These results carry potential implications for various stakeholders, including donors, consumers, policymakers, financial literacy educators, and finance practitioners, all of whom can play a pivotal role in promoting consumer financial education, particularly in the South African context. The study suggests that the theoretical models developed thus far have primarily focused on the driving forces behind consumer financial capability success. However, these findings also hold substantial promise for academia, policymakers, banks, and other key players in the field of consumer financial capability training, including short courses within South Africa. Furthermore, this study provides a solid foundation for future research aimed at enhancing consumer protection and shedding light on the various factors that may hinder low-income individuals from achieving their financial goals through financial institutions.
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    Marketing mix framework as a tool to enhance women’s business viability in Limpopo, South Africa
    (EconJournals, 2024-01-01) Mvunabandi, Jean Damascene; Nomala, Bomi; Gadzikwa, Lawrence
    Motivated by lack of empirical research on how the marketing mix (price, place, product promotion, process, packaging, physical evidence, people, programming and partnership) directly or indirectly enhance the women’s business viability and sustainability in South Africa and elsewhere. This research empirically investigated how marketing mix can be used to enhance women’s business viability among 301 registered business owners trained in marketing and participated in the survey and answered details questions focusing on Limpopo province -South Africa.  AIDA theory, diffusion of innovation theory and Marketing Mix Theory underpinned the study. Quantitative descriptive survey research strategy was adopted, Robustness analysis was entirely performed using SPSS version 28. The study’s findings were that women’s businesses in Musina and Blouberg in Limpopo province use the 10Ps.  The four most used marketing strategies were, price, place promotion and product. The averagely used marketing strategies were: people, packaging, programming, physical evidence and partnership. This study contributes to the current body of knowledge and further contributes to the use of 10Ps marketing mix strategies and framework by women’s businesses. The study’s main implication is that business entities may not achieve their full financial performance potential due to little or no attention to the use of 10Ps marketing mix components and training. This study provides robust recommendations and insights into marketing practices applicable to other business entities globally.
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    The effect of tax avoidance and tax evasion on the performance of South African economy
    (EconJournals, 2024-01-20) Mvunabandi, Jean Damascene; Nomala, Bomi; Marimuthu, Ferina
    Using a quantitative longitudinal trends analysis, this study analysed the link between tax evasion and avoidance. The main aim was to assess the implications of evasion and avoidance of taxes on South African economy progress from 1994-2021. Publically secondary data available from South African Revenue authority were gathered. The data gathered provided us with basis of longitudinal statistical analysis of the extent of tax evasion and or tax avoidance affected the economic growth in the years 1994-2021. The Eviews 10 Results was used to estimate elasticities and buoyancies for major taxes with respect of South Africa’s economic growth for years 1994-2021. The natural logarithm of the gap between total budgeted tax income and realised tax income was also employed as a metric of tax evasion and avoidance in South Africa for this key research work. Ordinary Least Squares Regression (OLS) regression analysis was employed to evaluate whether the link between Gross Domestic Product (GDP) and tax evaded and avoided is strong or weak. Test for stationarity to see whether the parameter does not vary over time and for OLS was performed. The overall analysis of tax evasion and avoidance upon South African economy showed the increased tax revenue resulted in surpluses between tax revenue budgeted, tax revenue collected and economic growth (GDP), meaning tax evasion and avoidance in South Africa are minimal.  The study's findings disprove prior studies that suggest that tax evasion and tax avoidance seriously affect Gross Domestic Products (GDP) and refute the null hypothesis of this study. However, the study’s results further revealed that increasing tax rates was said to have triggered a positive trend towards economic growth or GDP (actual revenue collected is more than expected taxation revenue annually to cover tax evaded and avoided.   As far as policy is concerned the conclusion is reassuring that tax evasion and avoidance has minimal effect upon economic growth as long as tax rates are being risen. The results of this study provide implications for government that specific insights should allow policy makers to gain a better understanding on the key variables that are potentially associated with tax evasion and avoidance. Finally, the study contributes knowledge that is pertinent to an emerging country and provides much needed insights into the magnitude of the extent of tax evasion and avoidance on the county’s economic growth progress.       
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    An examination of adolescent girls' and young women's entrepreneurial knowledge in South Africa: longitudinal study
    (PT Keberlanjutan Strategis Indonesia, 2023-01) Mvunabandi, Jean Damascene; Nomlala, Bomi Cyril; Gadzikwa, Lawrence
    Motivated by lack of empirical research on entrepreneurial knowledge training among adolescent girls and young women in South Africa and elsewhere, this article examined the entrepreneurial knowledge among 3584 adolescent girls and young women from four provinces, namely KwaZulu Natal, Mpumalanga, Eastern Cape and Western Cape in South Africa. This study adopted quantitative and descriptive research approach. Secondary data collected using questionnaire survey during entrepreneurial mindset and skills training from July-October 2021 by the large anonymised not for profit organisation based in South Africa was used for data analysis. Robustness analysis was entirely performed using descriptive statistics using SPSS version 28.0. The findings from the empirical part of this research statistically proved the adolescent girls and young women improved their knowledge entrepreneurially after training that is evident in most extent literature. This article contributes to the current body of knowledge as it filled in the gap and contributed significantly to the entrepreneurial mindset skill and knowledge improvement among adolescent girls and young women in South Africa.
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    The difference between non-profit organization financial reporting practices and financial performance in relation to IFRS for SMEs and government requirements
    (Universiti Teknologi MARA, Shah Alam > Accounting Research Institute (ARI), 2023-08-31) Mvunabandi, Jean Damascene; Prof Said, Jamaliah
    This study explored the financial reporting practices and financial performance of non-government organizations (NGOs). A case study of a large anonymised non-profit organisation based in Durban, KwaZulu Natal-South Africa, was conducted. A qualitative approach was employed, and data was collected through semi-structured interviews with 24 purposively selected participants to capture their thoughts. Data collected through interviews were supplemented by a review of internal confidential organisational documents. Transcripts, conventional thematic and document analysis, were used to analyse data. Empirical findings revealed that the selected organisation’s financial reporting practices were not fully prepared under the International Financial Reporting Standards for small and medium enterprises (IFRS for SMEs) but differed substantially in line with different formats imposed by its external donors. Relying on empirical findings, key recommendations with a view to enabling the organisation and other similar organisations globally to meet the divergent and often conflicting with requirements of all their stakeholders without losing credibility and or compromising its principles were provided. Therefore, policymakers and other key role players should act swiftly to remedy these discrepancies. This study will guide researchers to further research on subject matter
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    The impact of forensic auditing techniques on non-government organisations' fraud risk management in South Africa using a proactive approach
    (Inderscience Publishers, 2023) Mvunabandi, Jean Damascene; Nomlala, Bomi; Patrick, Harold
    Using the quantitative research method, this study empirically investigated the relationship between forensic auditing and fraud risk management, focusing on financial statement fraud among 30 large non-governmental organisations in the eThekwini region. Data was gathered from 87 participants, knowledgeable individuals in the field of forensic auditing and fraud risk management and used for data analysis. Structural equation modelling (SEM) and conventional thematic analysis were used to analyse data. The results may significantly guide NGOs and their funders, auditors, regulators, professional bodies, and academia on the use of proactive forensic audit techniques to proactively prevent, detect and respond to fraud risks in NGO’s context.
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    The implementation of mandatory audit firm rotation as tool to enhance audit reform in South Africa : a case of KwaZulu-Natal
    (PT Keberlanjutan Strategis Indonesia, 2023-07) Munkaila, Aminu; Nomlala, Bomi Cyril; Baldavoo, Kiran; Mvunabandi, Jean Damascene
    Using a quantitative research method, this article examined the perceptions of audit experts concerning the influence of mandatory audit firm rotation on audit reform (AR) in the province of KwaZulu-Natal. Data was gathered from 102 audit experts knowledgeable in the field of accounting and auditing from Tier 2 audit firms and two public institutions and used for data analysis.  The empirical results of this study were two-fold. Firstly, the descriptive statistics provided a general overview of the respondents’ opinions. The majority of respondents agreed that MAFR implementation would strengthen audit reform, thereby validating the initial position of the Independent Regulatory Board of Auditors. In addition, most participants agreed that the ramification of the imposition of additional costs could not be ignored. Moreover, the utilization of SPSS on ordinal logistic regression also found that the probability of a decrease in the progress of audit reforms is significantly higher when mandatory audit firm rotation is in place, and a non-significant positive predictor of mandatory audit firm rotation would increase audit independence. This article contributes to existing knowledge and the continuous discourse on mandatory audit firm rotation rule in South Africa. Conclusively, the study, therefore, recommends that since the research was limited to Kwazulu-Natal, future studies should broadly include registered auditors and academics from institutions and firms in different South African provinces to obtain diverse views about pre-and post-implementation of the rule in 2023 to compare the effects of the policy on audit independence. 
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    Factors influencing professional skills among accounting students at KwaZulu-Natal universities
    (PT Keberlanjutan Strategis Indonesia, 2023-07) Nomlala, Bomi Cyril; Mvunabandi, Jean Damascene
    Employers are increasingly expressing concern that the majority of recent graduates lack professional skills. In addition, it is unknown whether students pursuing accounting degrees in professionally accredited institutions are more financially savvy than those in non-accredited institutions. 1582 undergraduate accounting students at the University of KwaZulu-Natal (UKZN), Mangosuthu University of Technology (MUT), and Durban University of Technology (DUT) were surveyed using self-administered questionnaires. The data was analysed using Statistical Package for the Social Sciences version 25 (SPSS 25). The results indicated that the majority of respondents were female.  72.6 percent of respondents are influenced by South African Institute of Charted Accountants (SAICA) accreditation, whereas 95.2 percent of respondents with outstanding professional skills are influenced by non-SAICA accreditation. The study's findings disprove previous claims that accreditation has no bearing on students' abilities. Finally, the investigation contributes South Africa-relevant knowledge..