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Abstract - Microcredit and Poverty in the Eastern Cape Province of South Africa: A Critical Analysis of the Challenges
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Abstract: Poverty reduction is one the efforts poised towards the achievement of Sustainable Development Goals (SDGs). The Eastern Cape Province is one of South Africa provinces with the highest rate of adult poverty (67.3%) coming after the Limpopo province which registers 67.5%. The objectives of the paper are to; i) identify and analyse the challenges of using microcredit as a poverty reduction tool and ii) propose strategies that could be used to enhance the efficacy of microcredit as a poverty reduction tool. A survey of available literature was adopted in this study to achieve the objectives. We used the ‘traditional or narrative literature review’ methodology to gather relevant information. The paper suggests strategies that can be used to enhance the impact of microcredit programmes on poverty reduction in the province. We have revealed the importance of microcredit as a poverty reduction tool. We also revealed that it has been in existence for a long time in the province but has not adequately contributed on poverty reduction across the province. The principal findings outline some of the main challenges associated with microcredit and the results suggest that removing key challenges can improve the scale and impact of microcredit. Keywords: Microcredit, poverty, poverty reduction, microfinance, Sustainable Development Goals. |
Abstract - The Impact of Financial Development on Economic Growth Around the World
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Abstract: Motivation: This paper aims to examine the impact of financial development on economic growth. Keywords: Financial development, economic growth, developing economies. |
Abstract - Social Entrepreneurship and Sustainable Development in South Africa
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Abstract: The purpose of this paper was to demystify the role of social entrepreneurship as a vehicle towards sustainable development in South Africa. This study adopted a quantitative research design as it intended to obtain and analyse numerical data. Data was collected using a self-administered questionnaire in a survey. A sample of 60 social entrepreneurs was conveniently sought to participate in the study. Data was analysed using factor analysis and regression analysis. Reliability of constructs was tested using the Cronbach’s alpha. Descriptive statistics showed that the surveyed social entrepreneurs possess high levels of social entrepreneurship as measured by empathy, moral obligation, social mission and social innovation scales. The regression results validated the key role of social entrepreneurship towards sustainable development in South Africa. A significant and positive relationship was established between SE and ECS (β, 0.691; p.0.011) and between SE and SS (β, 0.431;p.0.002). On the other hand, no significant relationship was found between SE and ES (β, 0.052; p.0.321). The paper concludes that developing a huge social entrepreneurship base will immensely contribute towards the attainment of sustainable development in South Africa. Recommendations were made for the government to launch policies favouring social entrepreneurship growth. Keywords: Innovation, Social mission, Social Entrepreneurship, South Africa, Sustainable development. |
Abstract - Application of the Modigliani–Miller Theory, Modified for the Case of Advance Payments of Tax on Profit, in Rating Methodologies
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Abstract: During a couple years we have suggested a new approach to rating methodology of non–financial issuers, as well for project rating. The key factors of a new approach are: 1) The adequate use of discounting of financial flows virtually not used in existing rating methodologies, 2) The incorporation of rating parameters (financial "ratios") into the modern theory of capital structure (Brusov–Filatova–Orekhova (BFO) theory) and into its perpetuity limit. Keywords: Modified Modigliani–Miller theory, Brusov–Filatova–Orekhova (BFO) theory, advance payments of tax on profit, rating methodologies. |
