dc.contributor.advisor |
Gildenhuys, Annelie |
en |
dc.contributor.postgraduate |
Cock, Craig |
en |
dc.date.accessioned |
2016-05-04T13:46:01Z |
|
dc.date.available |
2016-05-04T13:46:01Z |
|
dc.date.created |
2016-03-30 |
en |
dc.date.issued |
2015 |
en |
dc.description |
Mini Dissertation (MBA)--University of Pretoria, 2015. |
en |
dc.description.abstract |
The growing importance of Credit agency rating in the economic indicators for a country
necessitates investigating the impact of various indicators on credit agency ratings. South
Africa is a country which has experienced an increase in prolonged, violent and unprotected
strike action. This study aimed to determine the impact of this labour relations action on the
country s credit ratings over the last 15 years and the consequent related economic factors.
Credit rating agencies do not specifically identify strike actions as a key indicator nor do they
indicate which indicators dictate the outcome of the ratings granted. Twelve indicators were
measured using a quantitative approve of hypothesis and statistical modeling. The study
used the interrelated database of The Department of Labour, The PRS Group, Stats SA and
studies by Hammer, Kogan, & Lejeune as well as the published indicators of Standard &
Poor s, Moodys and Fitch. This study further used the scatter plots and t - tests to determine
the relationship between the indicators and strike action. These were correlated using
Pearson s correlation theory in order to substantiate the findings of the scatter plot and t
test. Strike action was found to have an effect on the ratings granted. Eight of the twelve
indicators correlated negatively with ratings of Standard & Poors indicating that if strike
action increased ratings would downgrade. Strike action plays a fundament role in the
outcome of ratings granted. This is due to the effect strike action has on the driving
indicators. Wages lost during strike action has a 99% correlation with the fluctuation of
ratings granted. Ratings determining interest rates and the amount of foreign direct
investment into South Africa. With the results as indicated, South Africa s government needs
to re-evaluate the significance of strike action as a legal for of resolution and the parameters
dictating it. Alternative means need to be explored that supports the growth of South Africa
for it to transition from a developing country into an advanced economy. |
en |
dc.description.availability |
Unrestricted |
en |
dc.description.degree |
MBA |
en |
dc.description.department |
Gordon Institute of Business Science (GIBS) |
en |
dc.description.librarian |
sn2016 |
en |
dc.identifier.citation |
Cock, C 2015, Influence of strike action on South Africa s credit rating by global rating agencies, MBA Mini-dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/52371> |
en |
dc.identifier.other |
GIBS |
en |
dc.identifier.uri |
http://hdl.handle.net/2263/52371 |
|
dc.language.iso |
en |
en |
dc.publisher |
University of Pretoria |
en_ZA |
dc.rights |
© 2016 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. |
en |
dc.subject |
UCTD |
en |
dc.title |
Influence of strike action on South Africa s credit rating by global rating agencies |
en |
dc.type |
Mini Dissertation |
en |