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Influence of strike action on South Africa s credit rating by global rating agencies
Mini Dissertation (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_ | 1867613584381444096 |
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| access_status_str | Open Access |
| author2 | Gildenhuys, Annelie |
| author_browse | Gildenhuys, Annelie |
| author_facet | Gildenhuys, Annelie |
| 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 Dissertation (MBA)--University of Pretoria, 2015. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/52371 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:38:28.311Z |
| 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:2263/52371 Influence of strike action on South Africa s credit rating by global rating agencies Gildenhuys, Annelie ichelp@gibs.co.za Cock, Craig UCTD Mini Dissertation (MBA)--University of Pretoria, 2015. 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. sn2016 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2016-05-04T13:46:01Z 2016-05-04T13:46:01Z 2016-03-30 2015 Mini Dissertation 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> GIBS http://hdl.handle.net/2263/52371 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 Influence of strike action on South Africa s credit rating by global rating agencies |
| title | Influence of strike action on South Africa s credit rating by global rating agencies |
| title_full | Influence of strike action on South Africa s credit rating by global rating agencies |
| title_fullStr | Influence of strike action on South Africa s credit rating by global rating agencies |
| title_full_unstemmed | Influence of strike action on South Africa s credit rating by global rating agencies |
| title_short | Influence of strike action on South Africa s credit rating by global rating agencies |
| title_sort | influence of strike action on south africa s credit rating by global rating agencies |
| topic | UCTD |
| url | http://hdl.handle.net/2263/52371 |