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Accounting and Finance Professionals’ Perception on The Current State of The Accountancy Profession in South Africa MDHLULI, Sithandiwe; MKHIZE, Msizi; PHESA, MASIBULELE
International Journal of Environmental, Sustainability, and Social Science Vol. 4 No. 6 (2023): International Journal of Environmental, Sustainability, and Social Science (Nov
Publisher : PT Keberlanjutan Strategis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/ijesss.v4i6.857

Abstract

Accountants, auditors, and other finance professionals have traditionally been well respected and held in high regard by the public. They are regarded as financial reporting overseers because they are responsible for ensuring that organisations follow relevant regulations and financial laws. Globally, accounting and finance professions have been tarnished by scandals involving intentional manipulation of financial information. The professional ethics of finance professionals are under scrutiny by the concerned public at large. This study is informed by the repercussions of these scandals and how they have influenced the public view of the profession. The quantitative approach was adopted, using systematic sampling. 165 accounting and finance professionals at government, corporate institutions and audit firms were considered. An anonymous online questionnaire was the instrument used for the collection of data. Majority of accountants and finance professionals agree are in consensus that they perceive themselves to have a strong knowledge of ethics. Further, also perceive their fellow accounting and finance professionals to be ethically responsible. Additionally, being a member of professional accounting body influences the ethical behaviour and professional conduct of accounting and finance professionals. Worth noting, considerable accountants and finance professionals face a substantial amount of pressure to compromise on ethics The study adds to the debate on the perception of accountants and finance professionals from their perspective. Further, ascertain the role that professional bodies play to nurture professionals be to inclined to ethical behavior so as to maintain positive perception about them and the profession.
The impact of failure to make payment behaviour on the profitability of South African municipal electricity suppliers. ALIAMUTU, Kansilembo Freddy; MKHIZE, Msizi
International Journal of Environmental, Sustainability, and Social Science Vol. 5 No. 3 (2024): International Journal of Environmental, Sustainability, and Social Science (May
Publisher : PT Keberlanjutan Strategis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/ijesss.v5i3.889

Abstract

Failure to make payments for labour remains a source of concern in the provision of municipal services in South Africa. According to literature, the tradition of failure to make payment rates from the apartheid period, when widespread civic resistance expressed itself via refusing rate paying. The research investigates the influence of South Africa's failure to make payment behaviour on municipal profitability. The random-effects model is utilised to evaluate the connection among the profitability and failure to make payments for 28 municipalities from 2007 to 2022. The findings show that failure to make payments has negative effects on profitability. Profitability is lowered by R291 with each R1000 higher number of unpaid debts written down. Furthermore, national government funds, the total number of users, and the proportion of home units getting free basic electricity all have a positively impact on profitability. These findings support the necessity for more inventive techniques to transform failure to make payment into a payment behaviour.
Inventiveness as a Driver of Small and Medium-Sized Business Profitability in South Africa: A Quantile Regression Method ALIAMUTU, Kansilembo Freddy; MKHIZE, Msizi
International Journal of Environmental, Sustainability, and Social Science Vol. 5 No. 2 (2024): International Journal of Environmental, Sustainability, and Social Science (Mar
Publisher : PT Keberlanjutan Strategis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/ijesss.v5i2.950

Abstract

In South Africa, inventiveness is a critical factor in expansion and growth, and small and medium-sized businesses have been designated as tools for achieving the societal and economic objectives and innovation outlined in the National Development Plan. The aim of this research is to look at the impact of inventiveness on small and medium-sized profitability in South Africa. The quantile regression method was utilised in empirical studies to explore the influence of inventiveness on enterprise profitability across different sales stages. The research was based on data from the World Bank's business questionnaire. The research results showed that expenses on development and research had a positive and substantial influence on profitability for businesses with greater sales (fast expansion or bigger enterprises). Existing proof demonstrates that incorporating new items and services boosts profitability for businesses with low progress or tiny businesses. Based on empirical evidence, inventiveness is essential for the growth and development of small and medium-sized businesses. Smaller or low-growth businesses don't have the ability to make expenditures on R&D because of a shortage of funds, which could contribute to their low chances of surviving. Considering the significant cash investment needed for R&D expenditures, additional support could be offered to smaller businesses in less powerful sales expansion. Because of a lack of funding for R&D, smaller businesses are being driven to create new items and production procedures that do not require big financial commitments.
Awareness of Unpredictability in Economic Policy, Fiscal Decentralisation, and Innovative Approaches for the Preservation of The Environment in South Africa ALIAMUTU, Kansilembo Freddy; MKHIZE, Msizi
International Journal of Environmental, Sustainability, and Social Science Vol. 5 No. 1 (2024): International Journal of Environmental, Sustainability, and Social Science (Jan
Publisher : PT Keberlanjutan Strategis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38142/ijesss.v5i1.951

Abstract

The paper aimed to examine the awareness of unpredictability in economic policy, fiscal decentralization, and innovative approaches to preserve the environment in South Africa using annual recurrence data from 1961 to 2021 in South Africa. Dynamic ordinary least squares, completely adjusted ordinary least squares, and canonical cointegration regression are used in this study. The Maki cointegration test shows how the factors maintain an equilibrium relationship throughout the period under consideration. Data from empirical results support the environmental Kuznets curve paradigm. These findings show that the environment must be compromised during the early phases of economic growth to achieve economic success (scale phase). Long-term exponential growing economies decrease pollutants by 0.162%, but a 1% increase in economic expansion raises pollutants by 0.791%, according to the environmental Kuznets curve hypothesis. Similarly, in South Africa, long-term economic globalization, as well as unpredictability in economic policy, reduce the sustainability of the environment. In contrast, long-term fiscal decentralization and sustainable development increase it. These findings have far-reaching environmental implications. The current analysis encouraged environmental penalties and funding for projects transitioning from an energy electrical utility basis to renewables.