Political Geography: Africa / Topic: Cash

Author:: Ewa Karwowski, Hanna Szymborska, Keagile Lesame, and Tlhologelo Thoka
Publication Date:: 08-2022
Content Type:: Working Paper
Institution:: United Nations University
Abstract:: Globally, corporate cash holdings have risen since the 1980s. In South Africa, some commentators have accused corporations of engaging in an ‘investment strike’, while others see corporate liquidity as a precaution against systemic uncertainty. We use the unique South African Revenue Service/National Treasury firm-level dataset to scrutinize corporate liquidity, using panel analysis. Relative to GDP, corporate cash and liquidity holdings have not increased between 2010 and 2017. However, corporate cash is high in international comparison and has grown at the firm level. We do not find evidence for the hypothesis that companies are engaging in an investment strike. Cash and liquidity are shaped by idiosyncratic and sectoral risk factors. In the short run, heightened uncertainty might reduce corporate cash and liquidity as firms struggle to adjust to an unexpected economic situation. In the medium run, we find a strong association between political uncertainty and corporate cash and liquidity holdings.
Topic:: Economics, Corporations, Liquidity, and Cash
Political Geography:: Africa, South Africa, and Global Focus

Author:: Joseph Olusegun Adebayo and Blessing Makwambeni
Publication Date:: 01-2021
Content Type:: Journal Article
Journal:: African Journal on Conflict Resolution
Institution:: The African Centre for the Constructive Resolution of Disputes (ACCORD)
Abstract:: Many low and middle-income countries have either implemented or considered conditional or unconditional cash transfers to poor households as a means of alleviating poverty. Evidence from pilot schemes in many developed and developing economies, including those in Africa, suggests that cash transfers do not only alleviate poverty; they also promote social cohesion and reduce the propensity for violent responses. For example, studies have shown a direct impact of cash transfers on Intimate Partner Violence (IPV). In some studies, the rate of IPV (including emotional violence) was significantly reduced when one of the partners was a beneficiary of cash transfer. However, there are limited studies on the potential of Conditional Cash Transfers (CCTs) for stemming gang violence. Our study contributes to filling this gap. We examine here the possibilities of conditional cash transfers for stemming intractable gang-related violence in the Cape Flats.
Topic:: Development, Violence, Gangs, and Cash
Political Geography:: Africa and South Africa

Author:: Kwabena Gyimah-Brempong, Timothy M. Shaw, and Val Samonis
Publication Date:: 01-2012
Content Type:: Working Paper
Institution:: The African Capacity Building Foundation (ACBF)
Abstract:: This paper investigates whether aid flows from traditional donor countries to African countries have responded to improved governance in African countries, whether aid has been used by donors to improve the quality of governance in the last two decades; it also investigates alternative sources of development financing, especially from the Global South, as well as researchesnewmodalities of aid delivery. Using the insights provided by several alternative approaches, the paper finds that at the aggregate level, aid flows to African countries respond positively to improved governance. However, there are wide variations in country experiences while aid flows to some countries respond positively to improved governance, aid flows to other countries are not in any way related to changes in governance.
Topic:: Governance, Donors, Cash, Aid Effectiveness, and Bilateral Aid
Political Geography:: Africa

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