Faculty of Management Sciences
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Item Evaluating the impacts of Covid-19 pandemic on the socioeconomic status of South African women(IKENGA International Journal of Institute of African Studies, 2023-03-30) Rena, Ravinder; Mbukanma, IfeanyiThis research was conducted to evaluate the impacts of the Covid-19 pandemic on the socioeconomic status of South African women. There is an urgent need for a better understanding of the unique circumstances and provisional assistance of effective support for women throughout the Covid-19 crisis and its aftermath considering the level of impact the virus had on women. To achieve the researchobjective, a literature- based analysis was employed, which provides an in-depth analysis and evaluation of previous literature on the unprecedented nature and trend of the Covid-19 pandemic and its impacts on the socioeconomic status of women in South Africa. Thus, despite the limited scientific data on the most recent development of the pandemic, the findings revealed that the pandemic has escalated most variables of socioeconomic status of women in South Africa, which include high poverty rates, increased rates of unplanned pregnancy, school drop-out of schoolgirls and child labour among teenage girls, lack of income, decreased financial empowerment, reduced access to conducive healthcare, excessive maternal mortality, and growing food shortages and malnutrition. Thus, as the world continues to search for a reliable vaccine and other preventive measures for the virus, this paper recommended that policymakers and stakeholders around the globe, and most especially in South Africa, should develop coherent and strategic policies that will incorporate and attend to the socioeconomic needs of women.Item Household debt rate management in a credit economy : an empirical review of South African context(2022-11) Ravinder, Rena; Mbukanma, IfeanyiThe purpose of this paper was to ensure that household debt burden is minimised, and savings provision is made to smoothen future household expenses, practical household management knowledge needs to be acquired to manage these challenges most especially in a country that practices credit economy like South Africa. Methodology: This study was conducted on this context to ascertain a practical knowledge model for household debt management in a credit economy with a major focus on the South African context. To achieve this objective, an empirical review of previous works of literature on household financial management and debt management was conducted to build a practical knowledge model for household debt management that applies to the South African context. Although, the empirical review shows that limited logical theories and models exist within this area of study, as such concept and constructs that apply to household debt management was exploited from previous scholarly contributions in this area of study. Findings revealed that South African household with financial knowledge has more potential to manage and control their level of indebtedness. Secondly, it was also revealed that there is a continuous increase in household debt in South Africa as the credit economy has created room for continuous usage of credit facilities. Implications, a practical knowledge Model such as financial planning model, financial discipline model and knowledge of financial environment model was recommended to assist both households and policymakers. Originality this paper strategically manages the increase of household debt growth amidst the credit economic system that is practiced in South Africa.Item Significance of financial literacy on personal savings behaviour : a study of the City of Tshwane and Mahikeng Municipality employees(Adonis and Abbey Publishers, 2022-01-15) Mbukanma, Ifeanyi; Rena, RavinderThe objective of this study was to identify the level of financial literacy among South African households and statistically ascertain the impact of financial literacy variables on household savings behaviour. Quantitative research was conducted to achieve these objectives, where data was collected from the employees of City of Tshwane and Mahikeng Municipality. A cluster analysis was employed to identify the group cluster of respondents. In addition, a Path Coefficient analysis was conducted to identify the significance of financial literacy on household savings behaviour. The study's findings revealed that the respondents have a reasonable level of financial literacy, which is in line with the conceptual findings of previous literatures. Secondly, it was ascertained that variables under financial control, financial planning, financial knowledge, and understanding positively impact household savings behaviour. Meaning that the more they are familiar with these variables, the more they are likely to save. On the contrary, the variables under the construct of knowledge of financial products and services were identified to impact household savings behaviour negatively, meaning that the more they are knowledgeable on financial products and services, the lesser they are likely to save. Hence, it was concluded that stakeholders and policymakers in charge of financial and savings literacy in South Africa should incorporate these identified positive variables of financial literacy into their savings campaign programmes.