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Article
Publication date: 6 April 2021

Tinashe Munyuki and Coretta Maame Panyin Jonah

This paper aims to explore the association between financial literacy and entrepreneurial success among young entrepreneurs within an economically disadvantaged community in Cape…

Abstract

Purpose

This paper aims to explore the association between financial literacy and entrepreneurial success among young entrepreneurs within an economically disadvantaged community in Cape Town, South Africa.

Design/methodology/approach

The mixed-method approach was adopted for the study. In-depth interviews were used in collecting the qualitative data while structured interviews using questionnaires were administered in collecting the quantitative data. The participants for the study were strictly young entrepreneurs.

Findings

The study found that entrepreneurs understood the concept of financial literacy and this was corroborated by their financial literacy average score of 59.03, which is above the national financial literacy average score of 54.00. The study further revealed that a positive association exists between financial literacy and entrepreneurial success. Hence, high levels of financial literacy result in increased business success.

Research limitations/implications

The sample size of the study was relatively small, for which reason, a mixed-method approach was adopted to strengthen the research findings. The research also considered only one disadvantaged community in South Africa (Khayelitsha).

Originality/value

To the best of the knowledge, the influences of financial literacy on the success of small and medium enterprises (SMEs) among young entrepreneurs have not been well-explored in economically disadvantaged areas within the South African context. As a result, this study sheds light by assessing the level of financial literacy among young entrepreneurs in economically disadvantaged communities and by determining the relationship between financial literacy and entrepreneurial success. The study further provides recommendations on policy-making to ensure that through successful entrepreneurship, developmental challenges such as unemployment can be reduced.

Article
Publication date: 11 January 2013

Darlington Mutanda

The aim of the article is to elucidate the political factors which motivated Zimbabwe's land reform that was forcibly initiated by the Zimbabwe African National Union Patriotic…

388

Abstract

Purpose

The aim of the article is to elucidate the political factors which motivated Zimbabwe's land reform that was forcibly initiated by the Zimbabwe African National Union Patriotic Front (ZANU PF) government in 2000.

Design/methodology/approach

The research makes use of primary and secondary sources. The government of Zimbabwe parliamentary debates highlight the grievances raised by the people over land redistribution as early as 1980. The newspapers, internet and published material provide evidence pointing out to the political nature of the land reform.

Findings

It is apparent that the ZANU PF government was reluctant to address the land question despite the fact that many rural people were crowded in the reserves. It was in 2000 that ZANU PF awakened to its waning popularity after the referendum defeat which coincided with the formation of the Movement for Democratic Change (MDC) in 1999. Land reform was used as a political weapon to thwart the MDC as evidenced by the brutal suppression of MDC activities countrywide.

Social implications

The research proves that the victimisation of MDC members in Zimbabwe has made opposition politics a disastrous game. Starting in 2000, ZANU PF embarked on a mission to thwart opposition activism and the effects were deeply felt. Paramilitary groups such as the Second Chimurenga war veterans, Border Gezi “youths” and ZANU PF supporters took the lead in torturing and killing real and alleged MDC supporters. The MDC retaliated but with very limited success.

Originality/value

The paper provides unique insights into the political motives which encouraged Zimbabwe's land reform programme. The implications for practice provided herein are useful for policy makers in the country.

Details

Journal of Aggression, Conflict and Peace Research, vol. 5 no. 1
Type: Research Article
ISSN: 1759-6599

Keywords

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