ORCID Profile
0000-0002-7299-3203
Current Organisation
The University of Canberra
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Publisher: Emerald
Date: 23-03-2020
DOI: 10.1108/AJEMS-09-2019-0353
Abstract: This study investigates the retirement funding adequacy of black South Africans and how it can be influenced by family structure, health status, financial literacy and the role of the financial planner. A mixed s ling approach was applied to collect data from 441 black South Africans. An exploratory factor analysis (EFA) was undertaken and Cronbach's alphas were calculated to confirm the validity and reliability of the measuring instrument. Structural equation modeling was the main statistical procedure applied to test the hypothesised relationships in the research. Most of the respondents reside in informal urban areas or townships. The findings show a significant positive relationship between financial literacy and the retirement funding adequacy of black in iduals. The study found that in iduals who are concerned about the wellness of their family, health and finances are more likely to maintain their standard of living at retirement. However, the role of the financial planner, among black South Africans, does not influence their retirement funding adequacy. Black South Africans are attentive to the wellness of their family, health and finances despite the necessity to support nuclear and extended family members. Financial institutions need to consider this aspect when providing financial advice to in iduals who have many financial dependents. This study contributes to the limited understanding on the factors that influence the retirement funding adequacy of black South Africans and it provides recommendations on improving retirement funding adequacy.
Publisher: Emerald
Date: 09-08-2023
DOI: 10.1108/JAEE-03-2023-0072
Abstract: This paper examines the effect of ESG ratings and its dimensions (environmental, social and governance) on the financial performance of JSE-listed firms included in FTSE/JSE Responsible Investment Index. The paper employs panel data covering 40 JSE-listed firms included in FTSE/JSE Responsible Investment Index between 2015 and 2019. The paper employs the two-stage least squares (2SLS) instrumental variable regression technique to estimate the effect of ESG ratings and its dimensions (environmental, social and governance) on both accounting- and market-based performance indicators. The results of the two-stage least squares instrumental estimation analysis reveal that investment in ESG initiatives improves both accounting- and market-based indicators of financial performance. Of the ESG pillars, the paper finds environmental initiatives improves firms' financial bottom line and market performance, while a firm's social and governance practices are observed to have no effect on a firm's accounting and market performance measures. The insights from this study proffers policy implications for firms' management, investors and regulatory authorities. As far as the authors are concerned, this paper presents the first empirical analysis on the contribution of ESG ratings on financial performance in South Africa.
Publisher: Emerald
Date: 10-10-2023
Publisher: Edward Elgar Publishing
Date: 15-06-2023
Publisher: AOSIS
Date: 23-04-2020
Publisher: MDPI AG
Date: 28-01-2022
Abstract: This paper examines the poverty perceptions of retired women by assessing the extent to which demographic characteristics, economic considerations, household adequacy levels and satisfaction measures influence perceptions of poverty. Based on data from a South African national survey, binomial logistic regression models were employed, whereby demographic characteristics (first level variables) were assessed relative to the respondents’ poverty perceptions. Thereafter, economic considerations (second level variables) were included in the model to draw more inferences on the conditions leading to poverty perceptions. Finally, respondents’ household adequacy levels and satisfaction measures (third level variables) were nested into the model for a complete investigation of the antecedents of poverty perceptions. Many of the retired women in this study perceive themselves to be impoverished or at risk of poverty. The results indicate that marital status and education levels have a significant influence on perceptions of poverty. Furthermore, the study found that monetary measures do not sufficiently explain the pathway leading to retirement poverty perceptions. Instead, perceptions of financial security and the satisfaction with one’s standard of living influence gendered poverty perceptions. This study advances our understanding of the conditions influencing the poverty perceptions of retired women. As most of the respondents in this s le rely on the government for financial support, this study provides pertinent suggestions to government agencies on the conditions associated with gendered poverty perceptions at retirement.
Publisher: Emerald
Date: 12-07-2023
DOI: 10.1108/IJBM-01-2023-0053
Abstract: While the extant literature has explored issues related to the access, usage and availability of financial services, the ability of households to withstand financial adversities, particularly those living under economically vulnerable conditions, requires further attention. The paper presents a gendered analysis of financial resilience behaviour in South Africa. Using a nationally representative s le of 4,880 households, this paper constructs a financial resilience behaviour index (FRBI) covering savings, credit, insurance, and retirement planning behaviours. The gendered effect of demographic characteristics on financial resilience is examined using the ordinary least square and seemingly unrelated regression techniques. The results show that low levels of financial resilience were present across the s le with insurance observed to be the greatest driver of financial resilience, followed by retirement planning, savings and credit respectively. Furthermore, the analysis highlights that a gender gap in financial resilience exists as men are characterized with higher financial resilience behaviour compared to women. The results also suggest that employed women and women with higher levels of education are associated with greater financial resilience. Based on these results, improving access to higher education and employment opportunities for women will enhance their financial resilience and contribute towards addressing SDG (5) on gender equality. As far as the authors are aware, this paper presents the first empirical analysis of the gender gaps in socio-demographic characteristics that explain financial resilience in South Africa.
No related grants have been discovered for Bomikazi Zeka.