Browsing by Author "Vorster, S."

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    Entrepreneurial opportunities in the craft- distilling market in South Africa
    (Academic Journals, 2015) Ungerer, Marius; Kruger, S. M.; Vorster, S.; Mansfield, G. M.
    Opportunities for entrepreneurial entry into the craft-distilling product and market domains of the agricultural sector are presented in this study. Although the craft spirits industry in South Africa is currently in its infancy, the study is able to investigate potential entrepreneurial opportunities for such activities in the farming areas of the Western Cape Province. The first part of the study explores the supply side (product-led diversification) of the market. This in turn leads to a better understanding of the current state of the craft-distilling industry, and establishes a base for the survey. An appropriate survey instrument is developed and administered to existing distillers. The subsequent findings confirm the small size of the craft spirits industry. As expected, the small number of active producers generates a limited range of products in a market with established players having strong bargaining power. To perform effectively however, the entrepreneurial craft producer is advised not to compete directly with these players but rather to exploit niche product opportunities created in the premium consumer market segment attracted to handcrafted, locally-produced and customised offerings. By developing products with a competitive positioning of focussed differentiation complementary to the current portfolio of offerings, new market space can be created and new entrants should find attraction.
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    Strategy disclosure reporting trends in South Africa : a 2010–2011 comparative analysis for six industry clusters
    (University of South Africa, 2015) Ungerer, Marius; Vorster, S.
    ENGLISH ABSTRACT: Strategy disclosure through integrated reporting relates to a firm’s transparency and accountability in dealing with stakeholders. This study is a follow-up study on the 2010 strategy disclosure findings reported by Ungerer (2013), and the study aims to create comparative views and to further evaluate the feasibility of measuring strategy disclosure levels using multiple baseline perspectives. A comparative analysis for six industry clusters in South Africa is presented. Strategy disclosures for 2010 and 2011 are measured against three baselines, namely the third generation Global Reporting Initiative (GRI G3) Guidelines (Baseline 1), a strategic architecture framework (Baseline 2) and a business model framework (Baseline 3). The six industries, each consisting of five JSE listed companies, are banking, construction, energy, insurance, mining and retail. Strategy disclosure, in aggregate, improved from 65% to 73% between 2010 and 2011. Given variances in disclosure for the various industries and against different strategic element sub-scales, different priorities can be identified for improving disclosure through integrated reporting. When disclosure against different baselines is https://scholar.sun.ac.za/admin/item?administrative-continue=714b3a31811350422d4e706c077f455b6e696817&submit_metadatacompared, it becomes apparent that disclosure of forward-looking strategic themes and those related to the competitive strategy sub-scale represent the major themes for improvement in strategy disclosure practices. On balance, however, there are positive trends towards greater transparency and improved accountability to stakeholders. This coincides with the introduction of the King III compliance regime for integrated reporting, as well as meaningful organisational learning and capacity building towards GRI G3 disclosure.