Financial management 3B

Exam paper for second semester (Last Assessment Opportunity

An empirical analysis of South African bank profitability

Abstract: The banking sector fulfils a fundamental role within the economy of a country. In South Africa, this sector contributes in excess of 20 percent toward GDP, and is responsible for more than 10 percent of overall employment in the country. This study empirically investigates the most significant determinants of South African bank profitability by examining bank-specific internal and macroeconomic external factors under a panel regression framework. The four largest commercial banks in South Africa as well as South Africa’s largest alternative banking institution were examined between 2006 and 2015. Based on the results obtained, this study concludes that both bank-specific internal as well as macroeconomic external variables are statistically significant determinants of South African bank profitability. The variables of asset quality, capital strength, operational efficiency, economic activity (GDP), annual inflation and the real interest rate were found to be statistically significant. Capital strength, economic activity (GDP), annual inflation and the real interest rate respectively displayed positive relationships to bank profitability, whereas asset quality and operational efficiency displayed inverse relationships to bank profitability

Summary of research paper published in Journal of Atmospheric Chemistry titled: Assessment of polar organic aerosols at a regional background site in southern Africa

Peer reviewe

Plume Characterization of a Typical South African Braai

To braai is part of the South African heritage that transcends ethnic barriers and socio-economic groups. In this paper, a comprehensive analysis of atmospheric gaseous and aerosol species within a plume originating from a typical South African braai is presented. Braai experiments were conducted at Welgegund – a comprehensively equipped regional background atmospheric air quality and climate change monitoring station. Five distinct phases were identified during the braai. Sulphur dioxide (SO2), nitrogen oxides(NOx) and carbonmonoxide (CO) increased significantly, while ozone (O3) did not increase notably. Aromatic and alkane volatile organic compounds were determined, with benzene exceeding the 2015 South African one-year ambient air quality limit. A comparison of atmospheric PM10 (particulate matter of an aerodynamic diameter ≤10 μm) concentrations with the 24-hour ambient limit indicated that PM10 is problematic during the meat grilling phase. From a climatic point of view, relatively high single scattering albedo (ωo) indicated a cooling aerosol direct effect, while periods with lowerωo coincided with peak black carbon (BC) emissions. The highest trace metal concentrations were associated with species typically present in ash. The lead (Pb) concentration was higher than the annual ambient air quality limit. Sulphate (SO4 2–), calcium (Ca2+) and magnesium (Mg2+) were the dominant water-soluble species present in the aerosols. The largest number of organic aerosol compounds was in the PM 2.5–1 fraction, which also had the highest semi-quantified concentration. The results indicated that a recreational braai does not pose significant health risks. However, the longer exposure periods that are experienced by occupational vendors, will significantly increase health risks.KEYWORDS Braai (barbeque), atmospheric gaseous species, aerosols, atmospheric organic compounds, optical properties, chemical properties

The mechanics of setting up a COVID-19 response: Experiences of the COVID-19 epidemic from Groote Schuur Hospital, Cape Town, South Africa

The SARS-CoV-2 pandemic has challenged the provision of healthcare in ways that are unprecedented in our lifetime. Planning for the sheer numbers expected during the surge has required public hospitals to de-escalate all non-essential clinical services to focus on COVID-19. Western Cape Province was the initial epicentre of the COVID-19 epidemic in South Africa (SA), and the Cape Town metro was its hardest-hit geographical region. We describe how we constructed our COVID-19 hospital-wide clinical service at Groote Schuur Hospital, the University of Cape Town’s tertiary-level teaching hospital. By describing the barriers and enablers, we hope to provide guidance rather than a blueprint for hospitals elsewhere in SA and in low-resource countries that face similar challenges now or during subsequent waves

Food Use and Health Effects of Soybean and Sunflower Oils

This review provides a scientific assessment of current knowledge of health effects of soybean oil (SBO) and sunflower oil (SFO). SBO and SFO both contain high levels of polyunsaturated fatty acids (PUFA) (60.8 and 69%, respectively), with a PUFA:saturated fat ratio of 4.0 for SBO and 6.4 for SFO. SFO contains 69% C18:2n-6 and less than 0.1% C18:3n-3, while SBO contains 54% C18:2n-6 and 7.2% C18:3n-3. Thus, SFO and SBO each provide adequate amounts of C18:2n-6, but of the two, SBO provides C18:3n-3 with a C18:2n-6:C18:3n-3 ratio of 7.1. Epidemiological evidence has suggested an inverse relationship between the consumption of diets high in vegetable fat and blood pressure, although clinical findings have been inconclusive. Recent dietary guidelines suggest the desirability of decreasing consumption of total and saturated fat and cholesterol, an objective that can be achieved by substituting such oils as SFO and SBO for animal fats. Such changes have consistently resulted in decreased total and low-density-lipoprotein cholesterol, which is thought to be favorable with respect to decreasing risk of cardiovascular disease. Also, decreases in high-density-lipoprotein cholesterol have raised some concern. Use of vegetable oils such as SFO and SBO increases C18:2n-6, decreases C20:4n-6, and slightly elevated C20:5n-3 and C22:6n-3 in platelets, changes that slightly inhibit platelet generation of thromboxane and ex vivo aggregation. Whether chronic use of these oils will effectively block thrombosis at sites of vascular injury, inhibit pathologic platelet vascular interactions associated with atherosclerosis, or reduce the incidence of acute vascular occlusion in the coronary or cerebral circulation is uncertain. Linoleic acid is needed for normal immune response, and essential fatty acid (EFA) deficiency impairs B and T cell-mediated responses. SBO and SFO can provide adequate linoleic acid for maintenance of the immune response. Excess linoleic acid has supported tumor growth in animals, an effect not verified by data from diverse human studies of risk, incidence, or progression of cancers of the breast and colon. Areas yet to be investigated include the differential effects of n-6- and n-3-containing oil on tumor development in humans and whether shorter-chain n-3 PUFA of plant origin such as found in SBO will modulate these actions of linoleic acid, as has been shown for the longer-chain n-3 PUFA of marine oil

The effect of religion on emotional well-being among offenders in correctional centers of South Africa : explanations and gender differences

We examined (1) whether the relationship between religiosity and negative emotions (anger, frustration, depression, and anxiety) among prisoners is attributable to inmates’ sense of meaning and purpose in life and personal virtues and (2) whether religiosity has a larger positive relationship with a search for and a presence of meaning in life as well as the virtues of forgiveness, gratitude, and self-control among female than male inmates. To examine these relationships, we analyzed survey data from a sample of offenders in South African correctional centers. Findings showed that more religious inmates reported lower levels of negative emotions to the extent that their religiosity enhanced a sense of meaning and purpose in life and levels of self-control than their less or non-religious peers. We also found the salutary effect of religiosity to be applicable equally to male and female inmates. Substantive and practical implications of our findings are discussed.Prison Fellowship International (PFI)https://www.tandfonline.com/loi/rjqy202021-05-15hj2019Social Work and Criminolog