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South African listed real estate as protection against inflation
Mini-disseration (MBA)--University of Pretoria, 2015.
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| Other Authors: | |
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2016
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| _version_ | 1867613559031070720 |
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| access_status_str | Open Access |
| author2 | de Carcenac, Daniel |
| author_browse | de Carcenac, Daniel |
| author_facet | de Carcenac, Daniel |
| collection | Thesis |
| dc_rights_str_mv | © 2016 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. |
| description | Mini-disseration (MBA)--University of Pretoria, 2015. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/52278 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:38:03.802Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| 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:2263/52278 South African listed real estate as protection against inflation de Carcenac, Daniel ichelp@gibs.co.za Nkuna, Pat UCTD Mini-disseration (MBA)--University of Pretoria, 2015. This research aims to shed light on the relationship between the South African CPI inflation and JSE-listed property index returns. Furthermore, the relationship between the South African CPI inflation and JSE-all share index returns was modelled with the intent of comparing the relationship to that of JSE-listed property index (versus South African CPI). The short-term relationship between CPI inflation and JSE-listed property index returns was discovered to be negative for the period starting from Jan 2005 to Jun 2015, in the other hand, the relationship between the JSE-all share index returns and CPI inflation was seen to be positive over the same period. The study also tests for the consistency of the relationships between the JSE-listed property and JSE-all share returns (against CPI inflation) to changes in the South Africa repo rate cycles (over the period starting from Jan 2005 to Jun 2015). The results show that a change in the repo rate cycle changes the sign of the CPI inflation coefficients of the short-term relationships, which indicates that the relationships are unstable (for the short-term case). Moreover, cointegration models were fitted to determine the existence of a long-term relationship between the JSE-all share and JSE-listed property indices (against the South Africa CPI index). The results of the long-term relationships indicate a meaningful economic relationship between the JSE-listed property index and the CPI the Hansen instability test proved the relationship to be stable. On the other hand, the relationship between the CPI and the JSE-all share index was not meaningful (it failed both the Hansen instability as well as the Engle and Granger tests). nk2016 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2016-05-04T13:45:14Z 2016-05-04T13:45:14Z 2016-03-30 2015 Mini Dissertation Nkuna, P 2015, South African listed real estate as protection against inflation, MBA Mini-disseration, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/52278> GIBS http://hdl.handle.net/2263/52278 en © 2016 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD South African listed real estate as protection against inflation |
| title | South African listed real estate as protection against inflation |
| title_full | South African listed real estate as protection against inflation |
| title_fullStr | South African listed real estate as protection against inflation |
| title_full_unstemmed | South African listed real estate as protection against inflation |
| title_short | South African listed real estate as protection against inflation |
| title_sort | south african listed real estate as protection against inflation |
| topic | UCTD |
| url | http://hdl.handle.net/2263/52278 |