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p-Index From 2020 - 2025
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All Journal REiD (Research and Evaluation in Education) International Journal of Environmental, Sustainability, and Social Science International Research Journal of Business Studies
Maama, Haruna
Unknown Affiliation
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Social Sciences

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The Impact of COVID-19 on the Financial Performance of Insurance Companies in South Africa Zungu, Siphesihle Charles; Maama, Haruna; Mvunabandi, Jean Damascene
International Research Journal of Business Studies Vol. 18 No. 1 (2025): April - July 2025
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.18.1.13-26

Abstract

The research aims to examine the influence of the Covid-19 pandemic on the financial performance of insurance companies in South Africa. The research sample comprises 37 insurance companies that are duly registered with the Financial Sector Conduct Authority (FSCA). The research used a descriptive analytical technique, focusing on quantitative and numerical data from annual financial reports published by insurance companies. The data was used to assess financial performance indicators over a time period of six consecutive years (2017–2022). The study indicated that Covid-19 had diverse impact on the financial performance of insurance companies. The financial performance was assessed using the metrics of return on assets (ROA) and return on equity (ROE). The study demonstrates a positive and statistically significant correlation between COVID-19 and ROA, shown by a coefficient of 2.642 and a p-value of 0.000. This conclusion indicates that, despite the obstacles posed by the pandemic, several insurance companies adeptly managed their assets to maintain profitability, possibly by using operational efficiency or capitalizing on market dynamics altered by the pandemic. Conversely, the findings demonstrate a negative correlation between COVID-19 and ROE (-0.15, p-value 0.008), underscoring the strain on equity returns, potentially attributable to elevated claim payments, diminished investment income, or intensified regulatory and stakeholder pressures during the crisis.
The Determinants of Financial Performance of South African State-Owned Entities MARIMUTHU, Ferina; MVUNABANDI, Jean Damascene; MAAMA, Haruna
International Journal of Environmental, Sustainability, and Social Science Vol. 4 No. 4 (2023): International Journal of Environmental, Sustainability, and Social Science (Jul
Publisher : PT Keberlanjutan Strategis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/ijesss.v4i4.510

Abstract

Several state-owned enterprises (SOEs) have severally faced imminent collapse, resulting in various support from the government. This has increased the debt level of the government and the SOEs. The study examined the factors that influence the financial performance of South African SOEs. This study used a quantitative methodology and secondary data of 33 South African SOEs from 1995 to 2017. The data were analysed using a multiple regression model and the GMM estimation technique. The study's conclusions show a statistically significant inverse relationship between capital structure and financial performance. The evidence further showed that government intervention in financial assistance, such as grants, funds, rebates, and subsidies, has contributed to the poor performance of SOEs. The inverse association suggests that the SOEs performance continues to worsen despite government support, which is quite concerning. The results demonstrate that government support is not a sound choice for developing SOEs since it makes management more dependent on it to meet operational needs and seize expansion possibilities. Additionally, the increased use of debt stresses government finances due to the rise in government guarantees. The study concludes that, contrary to the agency theory, leverage does not enhance SOEs' performance, suggesting they should be careful when selecting their capital structure. Finally, the South African SOEs’ performance is being hampered by government support. The findings have several policy implications for the government and the management of SOEs.
An evaluation of the level of financial reporting compliance of public schools in Kwazulu-Natal Maama, Haruna; Zungu, Amos; Oluka, Alexander Markey; Marimuthu, Ferina
REID (Research and Evaluation in Education) Vol. 9 No. 2 (2023)
Publisher : Graduate School of Universitas Negeri Yogyakarta & Himpunan Evaluasi Pendidikan Indonesia (HEPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21831/reid.v9i2.62605

Abstract

The financial management and reporting practices of public schools in KwaZulu-Natal (KZN) are a matter of concern. Section 42 of the South African Schools Act (SASA) requires that the Member of the Executive Council (MECs) for Education in KZN develops financial reporting guidelines for the schools. As a result, each province in South Africa has its l financial reporting guidelines that provide a framework for schools to report their financial information accurately and transparently. However, there are concerns about the lack of financial accountability and transparency emanating from improper financial reporting on the parts of the schools. Poor reporting practices of KZN schools may lead to negative consequences such as financial mismanagement, misappropriation of funds, and inability to account for expenditures. As a result, this study examined how public ordinary schools complied with the financial reporting re­quirements set forth by the KZN Provincial Department of Education (PDE). The study used a content analysis method to collect data from 58 schools' yearly financial statements over a two-year period. Descriptive statistics were used to analyze the quan­titative data gathered from the financial statements to assess the degree of conformity with KZN PDE financial reporting rules. The findings revealed various instances of public schools failing to follow the rules. The schools' reporting practices were parti­cularly poor since they did not adhere to the reporting standards. The research contri­butes to understanding financial reporting compliance levels among schools in KZN. The study also provides recommendations to improve compliance and promote school financial accountability.
Co-Authors Marimuthu, Ferina Mvunabandi, Jean Damascene Oluka, Alexander Markey Zungu, Amos Zungu, Siphesihle Charles