Browsing by Subject "investment"

Now showing 1 - 4 of 4
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    Automation investment appraisals
    (2022) Vorster, Rikus C; Singh-Sewpersadh, Navitha
    Intelligent automation software technology is key to remaining competitive in the current growing digital landscape. Appropriate techniques should be used to appraise such investments and make correct automation investment decisions. After a comprehensive literature review, three limitations on automation investment decisionmaking were found in the extant literature: (1) time value of money not considered, (2) interpretative and definitional issues related to the popular Return on Investment (ROI) technique, and (3) the widely recommended Net Present Value (NPV) technique appeared not to have been used. This study aims to identify which automation investment appraisal and valuation techniques are used in South Africa in practice and the relevant metrics applied, to assess these for potential gaps in their application and to ascertain the quality of automation investment decision-making. An online survey questionnaire was distributed to organisations that have invested in automation technology in South Africa to gather data from automation consumers and automation consultants. Payback period, ROI, and budget availability were the most common appraisal techniques used by respondents, followed by popular Discounted Cash Flow (DCF) capital budgeting techniques, NPV and Internal Rate of Return (IRR). The results further point toward deficiencies in the application of appraisal techniques compared to finance literature, which indicates suboptimal quality automation investment decision-making. Important unquantified qualitative factors influencing the decision-making process were also identified. These qualitative factors were considered by respondents more often in their decision-making process than quantitative factors. Future research in this area should include quantifying qualitative factors to improve the quality of automation investment decision-making.
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    Open Access
    Property investment considerations in South Africa
    (1978) Abelman,W S
    This treatise is concerned with property development in its role as an investment rather than as a speculative venture. The property is, therefore, one which is to be held as a rent producing development with the hope of capital appreciation as a hedge against inflation rather than for the realisation of a profit by means of a sale. Careful and thorough investigation must be undertaken by the developer with regard to a possible project. The aspects of such considerations are dealt with in this article as follows : 1. Investigations prior to the acquisition of a property investment. 2. The illustration of certain of the considerations necessary by means of a viability study of a hypothetical case of a block of flats. 3. The post-construction administration of the property.
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    Open Access
    Savings, investment and economic growth in Namibia
    (2018) Namoloh, Julius Nyerere; Charteris, Ailie
    This study examined the interaction between saving, investment and economic growth in Namibia. The relationship between these variables is central to Namibia’s guiding macroeconomic framework. However, empirical evidence has shown that the relationship between saving, investment and economic growth depends on the country context. This makes it important to understand the policy implications of the interaction between these variables in Namibia. The specific objectives of the study were to investigate the causal relationship between saving and investment and the impact of the saving-investment relationship on economic growth in Namibia. The diagnostic testing using the Johansen cointegration test revealed a long-run relationship between the study variables with one cointegrating equation. The long run analysis was followed by Granger causality tests to understand short-run causal relationships between the variables. Impulse response functions and variance decompositions were also estimated to examine the interaction between the variables. The results from the Vector Error Correction Model showed that there was a positive long-run relationship between economic growth and investment, & savings and investment in Namibia. The Granger causality test revealed a causal relationship between saving and investment, consistent with the long-run analysis. The study implications are that a pro-saving policy can achieve increased investment. However, the long run relationship between investment and economic growth implies that investment should be made on a longer term for it to impact on economic growth. It is therefore recommended that Namibia implements policies to encourage long term investments. This can be achieved through waiving duty on capital goods and offering tax incentives to investors in strategic sectors of the economy.
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    The nexus between growth of Micro, Small and Medium Enterprises (MSMEs) and youth employment in Eritrea
    (2019) Malamulo,Terence Crayl; Mukuddem-Petersen, Janine
    Economic growth and development are strategic for the overall development of a country. Micro, small and medium enterprises play a surmountable role in economic growth and development. Among other contributions, they provide jobs in an economy. Several developing countries, such as Eritrea, face limited private sector growth, yet also have the need to invest in the creation of enough and decent job for youths. Hence, this study intended to identify the prominent factors that deter the growth of micro, small and medium enterprises as well as the connection between their growth and youth employment, using a case study of Eritrea. The study used econometric research method. Through stratified sampling and a questionnaire, it collected data from 76 micro, small and medium enterprises. In the analysis, it used ordinal and binary logistic regressions, chi-square and correlation tests. The study concludes that there is no sufficient evidence that the growth of micro, small and medium enterprises influences youth employment. It finds that the growth of micro, small and medium enterprises is deterred by obstructive access to raw materials, obstructive banking regulations and obstructive general business regulations and policies. The study recommends improvement of the macro-economic conditions for pro-business sector growth, establishment of a policy on development of micro, small and medium enterprises, and a gradual liberalization of the private economy. Further, it proposes an impact investing based growth model of micro, small and medium enterprises to increase certainty on employment creation contribution. It suggests that an investment in micro, small and medium enterprises for youth employment creation that does not address the identified deterrents faces a significant impact risk.