J.R. Davies, D. de Bruin, M. Deysel and M. Strydom
The mining sector represents a significant portion of the South African economy. The recent announcement of the proposed black empowerment bill for the mining sector caused share…
Abstract
The mining sector represents a significant portion of the South African economy. The recent announcement of the proposed black empowerment bill for the mining sector caused share prices to plummet. This reaction, in turn, caused a marked devaluation of the rand against other major currencies. Anything that impacts negatively on the mining sector will therefore have an adverse effect on the South African economy. This paper considers the affect that HIV/AIDS will have on the mining sector and, by implication, on the South African economy. Consideration is given to whether mining companies manage this risk properly and whether it is reasonably accounted for and disclosed in the financial statements. Conclusions are drawn and recommendations made regarding HIV/AIDS risk management and how HIV/AIDS issues can be disclosed fairly. Although the management teams of mining companies have introduced a HIV/AIDS risk‐management process and have commenced the disclosure of HIV/AIDS information, the disclosure is still far from adequate.
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Liané van Wyk, Kahilu Kajimo-Shakantu and Akintayo Opawole
The South African construction industry appears to be lagging behind other industries in the country in terms of implementation and adoption of innovative technologies. Moreover…
Abstract
Purpose
The South African construction industry appears to be lagging behind other industries in the country in terms of implementation and adoption of innovative technologies. Moreover, sufficient empirical data on the adoption of innovative technologies, especially, in developing countries are not readily available. The aim of this study is therefore to assess the adoption and implementation of innovative technologies in the South African construction industry with a view to improving the industry's performance.
Design/methodology/approach
A survey was undertaken using a questionnaire, administered to construction professionals primarily in project management, quantity surveying and architectural firms.
Findings
The key findings show that there are some innovative technologies such as building information modelling, 3-dimensional mapping, drones, 3-dimensional printing and virtual reality that have been deployed. However, limited adoption of innovative technologies within the industry and low levels of knowledge of its benefits among the respondents were reported. This low implementation of innovative technologies was due to critical barriers such as high cost, limited knowledge, time requirement, fear of change, lack of interest, nature of construction processes and lack of team dynamics. Key drivers of innovation were found to include globalization and competition.
Practical implications
The current level of implementation of innovative technologies indicated that they are not yet optimized in the South African construction industry and suggests implications for change, adaptation and growth. The study recommends that firms should consider investing in research and development in order to exploit the potential of innovation for organizations and the industry at large.
Originality/value
The drivers and barriers indicated will help to prioritize the direction of adoption and growth which could help to improve the industry.