Browsing by Author "van Walbeek, Corné"

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    Risks and returns in the globalised South African equity market
    (2008) Samouilhan, Nicholas Lawrence; van Walbeek, Corné
    The South African financial economics literature has produced many findings regarding the drivers of South African equity returns. In contrast, this thesis investigates the behaviour of South African risks and returns directly, as well as their fundamental relationship to each other (the central risk-return principle). As the Johannesburg Securities Exchange (JSE) is integrated with the international equity market, there is also a significant globalised aspect to these South African risks and returns which must be examined.
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    The recent spike in illicit tobacco trade in South Africa
    (2019) Ebrahim, Zeenat; van Walbeek, Corné
    Since 2015, the South African National Treasury has experienced declines in tax-paid cigarette revenues. The declines have been attributed to upward spikes in the illicit tobacco trade. This dissertation explores the upward spike in the illicit tobacco trade, in order to assess whether or not a relationship exists between tobacco companies’ actions and the spike in illicit activity. The study analyses information gathered from semi-structured key informant interviews in order to derive expert insights into the spike. The results indicate that the tobacco industry as a whole is using a variety of tactics to protect their interests. This thesis suggests that the recent increase in the illicit tobacco trade is the result of an increase in under-declared cigarette production by the tobacco industry, which exploits a weak enforcement of antitobacco laws.