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Faculty of Accounting and Informatics

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    Sustaining small and medium-sized enterprises through financial awareness, access to digital finance in South Africa
    (LLC CPC Business Perspectives, 2023-03-28) Msomi, Thabiso Sthembiso; Kandolo, Ka Muzombo
    Small and medium-sized enterprises (SMEs) have several critical challenges that threaten their capacity to survive and thrive. However, access and awareness to digital platform is fundamental to moderate the financial costs and develop financial productivity and sustain SMEs financially. Considering this, the purpose of this study is to get empirical information on the level of management awareness and usage of digital platforms in SMEs in South Africa. The methodological framework included a quantitative research strategy and positivist paradigm. Purposive sampling was utilized to collect data from 321 out of 700 SMEs owners, and the Cochran formula was used to explain the sample size. There were 321 surveys sent out, and 304 were filled out and returned (95% response rate). Descriptive analysis, Pearson’s correlation, and regression analyses from the Statistical Package for Social Sciences were used. The results of Pearson’s correlation coefficient establish a statistically significant relationship between access to digital finances and SME Sustainability (r = 0.334), as well as a statistically significant relationship between financial awareness and SME Sustainability (r = 0.549). The findings alert SMEs managers of the need to improve their digital platforms awareness in order to meet current financial demands and make better informed financial choices to improve company success. The results explain the advantages of trading using many digital platforms available in the country to improve the performance of their enterprises.
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    Assessing information distribution practices adopted by the Durban University of Technology and the Central Applications Office
    (2023-04-13) Ngcobo, Lungile Preety; Dongwe, C. K.; Parbanath, Steven
    Information distribution to prospective students remains crucial for the South African higher education sector and when handled inappropriately, can negatively impact access to universities. Hence, the practices adopted when distributing information are an area that requires serious exploration by HEIs. Considering that accessing information is a primary need in the higher education sector, this study assessed the information distribution practices adopted by the Durban University of Technology (DUT) and the Central Applications Office (CAO) in South Africa. The study adopted a qualitative research approach. Semi-structured individual interviews with thirteen staff members who are responsible for distributing information at DUT Riverside campus were conducted to collect primary data. Furthermore, primary data was also generated from one focus group discussion comprising six staff members from both academic and support departments. The study further analysed secondary data in the form of DUT and CAO websites, news headlines as well as social media sites of these two organisations. Data were analysed thematically. The findings illuminate various practices adopted to distribute information to prospective students. Furthermore, it was found that there is use of several information distribution channels. These include distributing information by means of visits to schools and on campus, during registration period. Other channels include manual distributions, the use of digital platforms and traditional media such as radio. Of concern, was the mushrooming of fake social media websites claiming to distribute information on behalf of DUT and CAO. There were also concerns regarding the role of student political organisations and security guards. The findings further indicate factors influencing the practices adopted when distributing information. These include political, economic, social and technological factors. The study further highlights existing confusion in the distribution of information between DUT and CAO. Therefore, HEIs have to pay attention to clarifying this through various policies and communications. There is also a need to clarify what information should be distributed, in order to enhance access.