This paper reports on the perceived effectiveness of municipal financial management (MFM), on the performance of inventory stock management, by South African local government. The study aimed to evaluate and discuss various factors affecting the effectiveness of MFM on the performance of inventory stock management, in a local municipal government of South Africa, with specific reference to the Kwa-Zulu Natal (KZN) Province. The MFM Act was used as a theoretical framework for the study, and a quantitative research method was applied. The questionnaire was formulated based on information obtained from the literature, and was distributed to only one KZN local government department. The sample consisted of 57 respondents, selected using a census sampling method. The results indicate that there is significant relationships between experience and performance of inventory stock management (p=.003a,b*), experience and effectiveness/efficiency of MFM (p=.000a,b*),as well as experience and the economic viability of MFM (p=.000b,c*).Interestingly, the respondents also indicated that, although there is good inventory stock management, there is a weak relationship between the effectiveness/efficiency, economic viability, and transparency of MFM. This study recommends that further research should aim to advance financial management skills in South African local government, in order to build financial management capacity to deal with inventory stock management issues. This should enable communication with other related structures and improve the understanding of each other's efforts in the organization.Keywords: Municipal financial management (MFM), effectiveness, economically, transparency, inventory stock management To identify factors and examine to what extent these factors influence the effectiveness of MFM on the performance of inventory stock management in KZN local government.
The challenge of climate change in the world has hitherto perplexed scholars and professionals, with reports of climate change not sparing the manufacturing sector. All countries are most vulnerable to this threat and will suffer greatly if no action is taken. In the 21st century, scientists have confirmed with great concern the severe weather conditions that are expected to become harsher. The aim of the chapter is to explore the effect of climate change on the manufacturing sector. Literature has been used as a source of secondary data. The effect of climate is examined from five major business strategic positions: productivity, business risk, goods and services, chemicals and minerals, natural resources, and buildings. The chapter also covers the need for manufactures to adapt to climate change with various possible actions that can be taken by the sector against climate impacts on business. Continuous staff and management training and education on climate change is recommended.
Centralization of municipal procurement in the KwaZulu-Natal Province is faced with several challenges. There were two aims for this study: to identify factors influencing municipal procurement and to design a model of the factors influencing municipal procurement, in an attempt to improve the understanding of municipal procurement. The proposed model is based on sound theoretical frameworks like knowledge management theory and the application of theory and practice ethics as well as the secondary data. The study found that the biographic factors as well as internal and external factors have strong influences on the success or failure of municipal procurement. The significance of these factors formed the basis for a proposed model and is subject to further experiments by other scholars
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