Browsing by Subject "limitations"

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    The barriers and enablers to South African SMEs entering the circular economy
    (2025) Van Der Poel, Stefan; Meyer, Camille; Zolfaghari, Badri
    Purpose - In the linear economy (LE) natural resources are extracted, used to make products and services and are then discarded. This model has two key limitations: firstly, the LE relies on natural resources, which are finite, and the LE generates a significant amount of waste. The proposed solution is switching from a LE to a circular economy (CE), where energy and materials are used repeatedly. Small and medium-sized enterprises (SMEs) are significant contributors to the global economy and are faced with unique challenges. Understanding what factors are most influential in determining the successful transition of South African SMEs from the LE to the CE was the primary objective of the present study. Methodology - The study adopted a quantitative research approach. Through the deployment an online survey, a questionnaire comprised of a series of 5-point Likert scale questions was completed by 62 respondents. The collected data was analysed using descriptive statistics and correlation analysis. Findings - Insufficient government support & funding and a lack of regulatory incentives for CE adoption to be the two most significant barriers facing South African SMEs transition to the circular economy. Conclusion - Until CE business models are viable enough for South African SMEs to transition from the LE to the CE without a reduction in their profitability levels, regulatory incentives will have to be provided by the South African government to make the transition financially viable.
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    Open Access
    The emergence of the Angolan equity market: main limitations and recommendations
    (2022) De Oliveira, Sheila; Holman, Glen
    This dissertation investigates the limitations on the emergence of the Angolan stock market. It also examines the strategies developed by sub-Saharan African stock exchanges when facing similar issues. It uses information obtained from participants to recommend actions to be taken by the Angolan government and institutions related to capital markets. The analysis shows that some prerequisites must be prepared to establish any equity market and enhance the continued development of capital markets. Determinants of capital markets show that macroeconomic and institutional approaches are critical tools for stock market development. Results of this study tell us that stock markets do not follow a linear path. No such formula exists to apply to have the same results as other geographies because market characteristics are different. However, some conditions must be conceived to host the stock market. Additionally, the collaboration of the government, regulators, policymakers, and other stakeholders has been crucial for developing capital markets.