Faculty of Management Sciences
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Item The impact of corporate social responsibility on financial performance in a selected medium-sized clothing manufacturing organization in South Africa(Durban University of Technology, 2024) Maome, Itumeleng; Zondo, Robert Walter DumisaniCorporate Social responsibilities (CSR) is an established idea that urges corporations to incorporate environmental and social responsibilities into their operations. It enables businesses to be socially responsible to stakeholders and the public. Small and medium-sized enterprises (SMEs) have received international recognition for their contributions to social and economic development. This study investigates the impact of CSR on financial performance at a medium-sized clothing manufacturing company in the eThekwini District Municipality of KwaZulu Natal, South Africa. The study was designed to be conclusive. It employs a quantitative approach, examining the experiences of an organization that has implemented CSR. The study's objective was met by gathering pre- and post-quarterly data on profitability and production costs. The data was analysed using the Ordinary Least Squares (OLS) model and the Statistical Package for the Social Sciences (SPSS). The findings show that CSR can boost financial performance by minimising business-related risks and compliance expenses, which leads to increased profitability and lower production costs. Any rise in profitability boosts the organization's financial performance, while any drop in production costs improves the company's financial performance. This study identifies the strengths and weaknesses of CSR in relation to financial performance in the selected medium-sized manufacturing business in South Africa.Item The impact of internal control practices on minimizing fraud in companies(2021-12-01) Cavaliere, Luigi Pio Leonardo; Lourens, Melanie Elizabeth; Muda, Iskandar; Kumar, Anil; Chabani, Zakariya; Swadia, Bhavik U.; Rajest, S. Suman; Regin, R.Internal control structures are a collection of protocols and regulations that protect an organization's properties, minimizing possibilities for theft and maintaining an organization's potential. For an entity to operate, considerations must be identified to guarantee the organization's smooth functioning like materials, machinery, cash, etc. Certain associations were misled by their members and consumers. This methodology concerns quantitative evidence, as the name implies. There is a range of agreed methodological criteria for the method's feasibility, such as the number of respondents needed for statistically important outcomes. The quantitative method will be implemented to study employees' points of view in the workplace to internal control practices. It will measure the employee’s opinion based on a Likert scale ranging from 1 representing strongly agree to 5 representing strongly disagree. Failure to comply with internal controls is one of the key obstacles to producing good financial performance in companies. While there have been many initiatives in environmental regulation and regulations and internal auditing, a firm's financial success has seen nothing in corporate governance and government policy. Therefore, the relationship between internal control systems and the financial performance of entities must be defined. The research ends with the significant predictors of financial success that involve control setting, internal audit feature, risk reduction, control practices, and corporate governance. The research found that companies that provide effective frameworks for internal control depend on positive financial performance and investment valuation. Failure to respect internal controls is one of the main barriers to successful business success.Item Mergers and acquisitions performance within South African chemical industry : pursuit of improved financial performance and economies of scale(2021-10-06) Quwe, Buntu; Khumalo, NjabuloAbstract Mergers and acquisitions (M&A) are used globally by companies to improve shareholders’ wealth, financial performance, and obtain economies of scale. This study aimed to examine the role of M&A on the performance of companies within the South Africa chemical industry. The study adopted a survey-based methodology to measure performance post-merger. The sample size of the study was 102 individuals, and data was gathered using an expert sampling technique via an online self-administered questionnaire. The data was analyzed using SPSS version 25. The results demonstrate that both financial performance and economies of scale are statistically significant predictors of the role of M&A on performance post-merger. The study contributes to the body of knowledge by exploiting a multidimensional nature of performance, as survey-based methodology uses both financial and non-financial parameters. It is, therefore, important for managers to understand that M&A within the South African chemical industry; are done to achieve financial performanceItem The effects of training on the financial performance of South African companies : a conceptual training framework(2019-04) Brady, Lana-Ann; Zondo, Robert Walter DumisaniIn a South African first, training to retrench has become not only a reflection of the economic climate, with the government offering a strategy for retention through its Training Layoff Scheme, introduced in 2009, but also a method by which government can offer employers incentives to engage in skills training initiatives. The concepts of layoff and retrenchment become merged and training is identified as the focus to survive and move on from the economic downturn of 2008/9. This puts training squarely ‘on the boardroom table’, necessarily interweaving it with a company’s business plan, while bringing the ability to measure training and its effects into the equation. In the very competitive international arena of business and trade in which South Africa operates, the only means to growth and productivity, both acceptable and sustainable, lies in development and training of the country’s workforce. Moreover, a review of literature supports this study’s focus, namely the effect of training on the financial performance of SA companies. An examination of existing literature, comprised of books, magazines, newspapers, journal articles, published and unpublished theses, amongst other material, is also the method employed to obtain a clearer picture of the reality that is training today, while clarifying the view on financial performance and whether it is impacted by training or not. To this end, a Conceptual Training Framework has been adapted for this study and proposed as basis for a holistic training framework, which ought to be developed to align business with actual practice. This was done because, at present, the framework is biased, reflecting only the traditional view of training and development, and ignoring the training for retrenchment balance, in a South African context, with other measures in place elsewhere in the world that are, likewise, not considered. The appraisal of literature shows the majority of authors and researchers in agreement that a positive relationship does indeed exist between training and both financial and non-financial firm performance. However, since the 2008/9 economic downturn and subsequent introduction of the TLS, managed by the CCMA (Commission for Conciliation, Mediation and Arbitration), the effect of training has not been researched, insofar as the financial performance of SA companies is concerned. It is recommended that case studies be undertaken at identified, pre-selected companies to study this ‘new’ role assigned to training in practice, to establish the change and its effects on firm performance, potentially redefining business strategies that could benefit the economy.