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Factors influencing financial structures in mining empowerment transactions
Dissertation (MBA)--University of Pretoria, 2010.
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| Format: | Thesis |
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University of Pretoria
2013
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| _version_ | 1867613679382429696 |
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| access_status_str | Open Access |
| author2 | MacKenzie, Max |
| author_browse | MacKenzie, Max |
| author_facet | MacKenzie, Max |
| collection | Thesis |
| dc_rights_str_mv | © 2008, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria |
| description | Dissertation (MBA)--University of Pretoria, 2010. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/23173 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:39:58.958Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/23173 Factors influencing financial structures in mining empowerment transactions MacKenzie, Max upetd@up.ac.za Molapo, David UCTD Mining industry Empowerment Dissertation (MBA)--University of Pretoria, 2010. Black Economic Empowerment (BEE) in the mining sector is dependent on regulatory imperatives and stakeholder interactions. Despite the regulatory drivers however, mining empowerment transactions, like any other financial transactions, must be based on sound economic and financial fundamentals so as to ensure their sustainability. The purpose of this research was to investigate the factors influencing financial structures in mining empowerment transactions in South Africa. BEE within the mining sector has been at the forefront of transformation and empowerment within the economy, however academic literature on the drivers or factors influencing mining empowerment transactions, their evolution and the roles played by mining stakeholders, is limited at best, hence the motivation behind the research. Exploratory research and qualitative analysis methodology were carried out in this research. Specifically, in-depth face-to-face interviews with eleven experts in the field of BEE transactions were performed. The results confirmed that: the financial vehicles available to BEE investors were dependent on the macro-environment of business; financier risk was a function of ineffectual deal structuring; the type and level of debt structuring was the key factor in financial structuring and greatly influenced the success of the deal; and, lastly, that joint ventures (JVs) were in essence strategic alliances to meet the fundamental objectives of mineral rights conversions and an increase of black capital in the economy, as opposed to partnerships based primarily on operational equality. Gordon Institute of Business Science (GIBS) unrestricted 2013-09-06T14:41:54Z 2010-05-31 2013-09-06T14:41:54Z 2009-04-01 2010-05-31 2010-03-13 Dissertation Molapo, D 2008, Factors influencing financial structures in mining empowerment transactions, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/23173 > G10/40/ag http://hdl.handle.net/2263/23173 http://upetd.up.ac.za/thesis/available/etd-03132010-174643/ © 2008, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria application/pdf University of Pretoria |
| spellingShingle | UCTD Mining industry Empowerment Factors influencing financial structures in mining empowerment transactions |
| title | Factors influencing financial structures in mining empowerment transactions |
| title_full | Factors influencing financial structures in mining empowerment transactions |
| title_fullStr | Factors influencing financial structures in mining empowerment transactions |
| title_full_unstemmed | Factors influencing financial structures in mining empowerment transactions |
| title_short | Factors influencing financial structures in mining empowerment transactions |
| title_sort | factors influencing financial structures in mining empowerment transactions |
| topic | UCTD Mining industry Empowerment |
| url | http://hdl.handle.net/2263/23173 http://upetd.up.ac.za/thesis/available/etd-03132010-174643/ |