The Steinhoff Saga Management review - University of Stellenbosch Business School

July – December 2018

Letter from the editor

Prof Mias De Klerk

Stellenbosch Business School Professor

It is with great pride that we welcome you to the second edition of USB Management Review, after the successful launch of this online publication in mid-2018. USB Management Review provides the Business School with the opportunity to showcase our research by making the research normally published in scientific journals or presented at scientific conferences available in practical format to a bigger audience of practitioners.

The core focus of our second edition is on the financial part of business and management – specifically, providing responsible leadership in the financial world of business. We all know that money makes the world go round, and that without appropriated finances and profits, no business can be sustainable. But this is not a licence to do whatever one wants to make more money, or to manage one’s financial affairs in an irresponsible or unethical manner. We have just seen in the case of Steinhoff how a lack of integrity in terms of managing an organisation’s financial affairs can force an organisation into decline. It is therefore fitting that responsible leadership in the financial world forms the central theme of this edition.

The feature articles, in particular, explore aspects related to responsible financial leadership. Ajuwon and Motsi investigated competition among banks in sub-Saharan Africa in the light of the 2008 global financial crisis, which was caused by irresponsible and unethical financial practices. Makatjane, Molefe and Van Wyk analysed aspects of this financial crisis. With the remuneration of CEOs and executives always a major ethical and responsibility issue, Steenkamp and Wesson investigated the risks of share-based incentives for South African CEOs. With unacceptably high levels of poverty in this country, Van Wyk and Dlamini looked at the impact of food prices on the welfare of households in South Africa.

Other articles cover a range of topics – from income inequality and the need for tax exemptions on employer-provided bursaries to the high cost of actively managed unit trusts, the use of emotional videos in donation requests and the role of life’s meaning in entrepreneurial ventures.

I trust that you will find the articles in this edition insightful and useful. In our continued striving to improve our offering to you, we really would appreciate your feedback. We therefore invite you to send your comments to ManagementReview@usb.ac.za.

Lastly, a heartfelt thank you to all authors for their respective contributions.

Prof Mias de Klerk
USB’s Head of Research and Editorial Director: USB Management Review

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