Despite the unexciting outlook of the textile and clothing industries in
The article discusses the legal and constitutional framework of reasonable accommodation of people with disabilities in the labour market.
This study looked at the general understanding of employees regarding PMS, planning prior to implementation of the system, challenges encountered during implementation and general employees perceptions. Implementation of PMS is seen as an efficient vehicle to successfully deliver on the strategic objectives and goals for many organisations. However, various studies conducted on the implementation of any new system or change initiatives revealed that it leads to challenges for many organisations. This study has investigated implementation challenges encountered during the implementation of PMS. The researcher used single method qualitative case study approach. Primary data was collected through key informants and focus groups interviews and secondary data through internal documents analysis. The researcher used non-probability quota sampling in order to select 24 participants for the 4 focus groups. Senior managers were also interviewed as key informants.The data gathered was analysed against literature reviewed. The study identified various challenges and key factors that were negatively impacting on the successful implementation of PMS. The researcher has established that that the major hindrance regarding successful implementation of PMS was failure from the management to start with change management process and training of employees prior to implementation of the system.
A few years since the worst of the Euro sovereign debt crisis, many nations, from Cyprus to Ireland, including South Africa are re-visiting their public debt management to avert or lessen the impact of similar such happenings in the future. There are a number of studies on risk assessments of fiscal sustainability; however, few focus on contingent liabilities and even fewer on financial guarantees. In South Africa, financial guarantees have consistently comprised just above or below 50% of all contingent liabilities since the early days of majoritarian rule. In lieu of this, the paper analyses the risks posed by financial guarantees to fiscal sustainability in South Africa. We estimate the effect of financial guarantees on public debt in South Africa via the Engle Granger and causality model with quarterly time series data obtained from the South African Reserve Bank (SARB) as well as the National Treasury. The data covers the April 1997 to December 2011 period. All econometric methods were executed using the statistical software package E-Views 7. We found that no long run relationship exists between national net loan debt and financial guarantees in South Africa. The pass rate of financial guarantees significantly affects its present value. The pass rate of financial guarantees has a predicting ability in determining the present value of national net loan debt. These findings may be contrary to what would be expected in the case of South Africa considering that the country is managing the issuance of financial guarantees prudently and that at present levels, there is no need for a radical policy shift. The study therefore offers a lesson to similar merging economies on the good governance of contingent liabilities.
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