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Financial markets are a system of complex price dynamics that are often influenced by various nonlinear factors. Traditional linear models such as Autoregressive Moving Average also known as ARMA and the GARCH model often fail to capture the inherent nonlinearities observed in financial market returns and trading volumes which poses significant problems in modelling financial time series. The aim of this study was to investigates the role of threshold nonlinearity in modelling financial market returns and trading volume. Daily share prices and trading volumes from the S&P 500 and the Nasdaq indices spanning from January 2000 to December 2020 were used as the sample financial markets. The findings revealed that the threshold model improves predictive performance over traditional linear models, highlighting the importance of incorporating nonlinearity for understanding the dynamics of financial markets. A threshold autoregressive model was proposed to account for sudden shifts in market conditions and nonlinear dependencies between returns and trading volumes.

This study explores the challenges that impact the sustainability of family-owned businesses in Thohoyandou, Limpopo Province, South Africa. A qualitative design was employed, utilising semi-structured interviews with ten business owners and managers from diverse sectors, including transportation, construction, poultry farming, and retail. Thematic Content Analysis (TCA) was used to interpret the data. Findings revealed that poor financial management, skills shortages, over-expansion, limited government support, and family conflicts are the most significant threats to business survival. These internal and external constraints erode financial stability and governance structures, resulting in low longevity rates. The study recommends financial literacy training, formal governance mechanisms, succession planning, and simplified government support systems tailored for rural enterprises. Strengthening these aspects can enhance both sustainability and economic development in rural areas, such as Thohoyandou.

In the context of rapid technological advancement and evolving financial ecosystems, this study investigates the interplay between financial literacy, digital finance, and financial behaviour among high school teachers in KwaZulu-Natal (KZN), South Africa. Structural equation modelling (SEM) approach was used to describe intricate relationships between latent constructs, namely, financial literacy, financial Behaviour and, digital finance Knowledge as well as observed variables (B7 to B22, C23 to C44, D45 to D56, demographics). Demographic variables include Gender, Age Category, Qualification Type, Teaching Duration, Financial Literacy Course and Field Employed. The model defined each construct as a linear combination of its observed variables as well as demographic variables under its measurement component, and hypothetical relationships among three latent variables under its structural component. We used Python software and machine learning code to create and estimate the model using observed data. The missing values in each observed variable were imputed with averages of the variables’ data. The tests of normality assumption for SEM were performed using histogram and q-q plots, Shapiro-Wilk test D'Agostino and Pearson's test.  Most data vectors violated the normality assumption. Diagonally Weighted Least Squares (DWLS) was used for parameter estimation as a suitable method that can provide better estimation for more complex models with many parameters. This method has an additional advantage of being less sensitive to outliers. The DWLS parameter estimation results, based on p-values, suggest that financial literacy and financial behaviour have a negative association which means that lacking financial behaviour results in financial literacy. A positive association between has been identified between financial behaviour and digital finance knowledge. Financial literacy and digital finance knowledge have a weak or no relationship. Thus, having or not having digital finance knowledge does not necessarily determine the possibility of experiencing financial literacy. Furthermore, among demographic variables, the financial literacy Course is the only demographic variable that has a significant impact, and only on Financial Behaviour and Financial literacy. The rest of the variables do not significantly influence the latent constructs. This study uniquely applies SEM using the DWLS estimator to explore personal finance dynamics in an emerging economy, offering concise insights into key relationships.

Entrepreneurship serves as a key catalyst for innovation, job creation, and sustainable economic growth in developing societies. This paper reviews existing literature to evaluate how entrepreneurship education enhances students’ understanding of global markets and the productive economy. Using studies published between January 2015 and September 2025, the review synthesizes evidence from diverse contexts to explore cognitive, experiential, and skill-based learning outcomes. The analysis highlights recurring themes such as adaptability, resilience, innovation, and interdisciplinary learning, revealing that entrepreneurship education significantly improves students’ economic awareness and entrepreneurial intentions. Methodologically, a structured qualitative review was applied across multiple academic databases using defined inclusion criteria. Ten studies were examined in depth, showing consistent links between entrepreneurship education and enhanced global market literacy, entrepreneurial self-efficacy, and practical business application. The paper contributes to theory by integrating insights from critical realism and evolutionary economics, offering an interdisciplinary framework for analyzing entrepreneurship education’s societal impact. In practice, the findings suggest that embedding global market simulations and intercultural experiences within curricula can strengthen students’ preparedness for dynamic economies. The review concludes with implications for policymakers, educators, and future researchers.

This study examines the role of informers in murder investigations in Krugersdorp, South Africa, through the lens of Social Learning Theory (SLT). Using semi-structured interviews with 14 law enforcement officials, the study explores the values of informers, highlighting how detectives recruit, assess, and engage with informers. Findings reveal that informers, categorised as voluntary, hidden agenda, and paid informers, enhance investigative efficiency by providing insider intelligence but also pose ethical and reliability challenges, requiring trust-building and intelligence verification. The study concludes that detectives learn informer management through observation, collaboration, and crisis-based decision-making. Recommendations emphasise structured training, ethical oversight, and institutional safeguards to optimise informer use in murder investigations and law enforcement practices in Krugersdorp. By situating informer use within both theoretical and local investigative realities, the research contributes insights to criminological scholarship, bridging criminological practice with social theory and offering policy-relevant recommendations for training, ethical oversight, and institutional safeguards in resource-constrained environments.

This article aims to elucidate the effectiveness of ward committees in providing oversight within the local government framework, specifically focusing on the City of Ekurhuleni. Known as the "place of peace," Ekurhuleni is one of the largest metropolitan municipalities in South Africa, situated within Gauteng Province, also referred to as the Gauteng City Region (GCR). Notably, extensive literature exists addressing the role of ward committees across various municipal categories in South Africa, particularly regarding their function in facilitating public participation across different spheres of government. The primary objective of this paper is to outline, analyse, and evaluate the impact of ward committees on municipal governance, with an emphasis on their role in promoting effective oversight to ensure enhanced governance and service delivery. Key aspects of this discussion will include the necessity of reviewing Section 73 of the Municipal Structures Act of 1998. This statute mandates the establishment of ward committees by local government, which are expected to function in alignment with the elected political office's term of five years. The research methodology employed is predominantly desktop-based, utilising secondary data sourced from academic journals and relevant publications. This approach facilitates a comprehensive outline of existing literature concerning ward committees and public participation. Additionally, the article references a selection of published works that provide insights into the achievements of ward committees, while also identifying existing gaps within the current body of knowledge.

This study investigates the role of traditional medicine in addressing reproductive health needs in Allandale Village, Mpumalanga Province, through the lens of social justice. The research explores how indigenous healing practices intersect with principles of equity, cultural relevance, and access to reproductive healthcare in a context marked by structural inequality and limited biomedical services. In many rural South African communities, traditional medicine remains the primary source of reproductive health support due to its accessibility, affordability, and alignment with cultural values. Therefore, by investigating how indigenous healing practices interact with the concepts of equity, cultural relevance, and access to reproductive healthcare in a setting that is socially and economically marginalized, this study fills a crucial need. Guided by an ethnomedical framework, the study adopts a qualitative approach to assess whether traditional medicine enhances or constrains women's reproductive autonomy and health outcomes. Participants included local women aged 18 to 50 who actively use or engage with traditional reproductive health practices. The findings reveal that traditional healers play a crucial role in preventive care, fertility regulation, and postpartum support, with many women expressing confidence in the efficacy and cultural resonance of indigenous treatments. However, the study also highlights tensions between traditional and biomedical systems, including gaps in regulation, safety assurance, and gender dynamics. From a social justice perspective, the research argues for a pluralistic health policy that recognises and supports indigenous knowledge systems, promotes collaboration between biomedical professionals and traditional healers, and ensures that all women, especially those in marginalised rural areas, have access to safe, effective, and culturally appropriate reproductive healthcare. The study findings underscore traditional medicine’s role and further contribute to broader discussions on health equity globally by underscoring the importance of integrating culturally grounded, community driven healthcare approaches into national and international health systems to address persistent disparities and promote inclusive, context sensitive reproductive health solutions to women reproductive health. The study concludes with a call for the strengthened implementation of the Traditional Health Practitioners Act 22 of 2007 and the development of community-led, rights-based models of health integration.

Adolescents’ substance misuse presents significant challenges to the well-being of their families. Families are expected to support adolescents who are misusing substances while continuing to cope with everyday life. Additionally, families continue to endure the negative effects of prejudice and stigmatisation while supporting adolescents who misuse substances. This study aimed to provide insight into the narrative hardships of living with adolescents who misuse substances. The study aims to gain insight into the impact of living with adolescents who misuse substances. Qualitative research was used to gain an in-depth understanding of the phenomenon under study using the family systems theory as the point of departure. Data was collected from 10 parents of adolescents who misuse substances and analysed using thematic analysis. The two themes that emerged from the interviews conducted were the impact of having adolescents who misuse substances in the family and strategies for effectively managing life with adolescents who misuse substances. The study suggests that the relationship between adolescent substance misuse and families is bidirectional and thus, adolescent substance misuse may lead to strained relationships and also negatively impact the wellness of families. The findings from this study may be used to develop ongoing strategies to support and encourage personal health, mindfulness and wellness for families.

This study explores the views of teenage mothers regarding abortions of unexpected pregnancies at the village of Elim, Makhado Municipality in Limpopo Province. The study employed a qualitative approach, which recognizes the need for an in-depth exploration of these views using semi-structured, open-ended interviews. Snowball sampling was used to recruit five female participants between the ages of 15 and 19 years old. Furthermore, the researcher utilized the ecological systems framework to evaluate the context in which these teenage mothers’ function and how their perceptions regarding abortions are constructed over time based on their systems. The data was analyzed thematically, and interpretations were made based on the themes of the collected data. The study found that teenagers shared mixed feelings associated with considering abortion. Others consider having an abortion to be bad and good, while others say they will consider abortion if they become pregnant while not ready. Regarding the influences of either having an abortion or not, they cited that they will consider abortion if their parents, especially fathers and boyfriends, do not accept the pregnancy. The study also found that financial situation and age of a teenager may compel one to consider abortion. The study also found that teenagers are aware of the consequences of abortion. They cited the risk to life during and after pregnancy, while others believe the consequences are less severe as opposed to giving birth. Finally, the study also found the following barriers to abortion, peer pressure, lack of support for raising a child, and the cost of abortion can be a barrier. The study recommends that educating society about reproductive rights and offering platforms for open discussions about abortion can help reduce the moral pressure that often leads to feelings of moral conflicts and cognitive dissonance. Furthermore, social workers should advocate for broader access to reproductive health services and collaborate with healthcare providers to ensure teenage mothers receive accurate information and emotional support. Additionally, social workers can play a role in facilitating open communications within families and communities to lessen the stigma associated with abortion

In South Africa, extortion and protection racketeering are widespread, particularly affecting small businesses and rural communities, exacerbating social vulnerabilities. In the Eastern Cape, women face a disturbing trend where they are coerced into paying "protection fees" to avoid threats of rape, rendering them in a state of helplessness. Extortion has permeated all sectors of the South African economy, from construction to entertainment (nightclubs), and extortion tactics among rural women have been on the rise.  The aim of the paper is to explore how gender, poverty, and crime interact to oppress these women, as well as the weaknesses in law enforcement that allow protection fees to persist. The paper employed documentary analysis of media reports, government publications, and academic studies to understand the socio-economic and legal contexts surrounding these practices. The theory of learnt helplessness and hopelessness is applied to explain the psychological effects of repeated extortion on rural women, leading to feelings of powerlessness. Findings reveal that these women experience heightened psychological distress, social isolation, and economic disempowerment due to ongoing threats of violence. The study highlights how their financial independence and social roles are weakened, making them more vulnerable to gender-based violence. The paper recommends urgent action by law enforcement and traditional leaders to protect women in these rural communities and to develop strategies to combat extortion and gender-based violence.

South Africa continues to experience high levels of violent crime, with the South African Police Service (SAPS) recording over 22,000 murders in 2023/2024, alongside increasing incidents of robbery and assault. While these statistics are alarming, little is known about the hidden forms of violence that occur within cultural settings, particularly during traditional ceremonies such as Umguyo, a Xhosa ritual that precedes Ulwaluko (Traditional Male Circumcision). This paper aims to evaluate the social, economic, and psychological effects of violence during the Umguyo practice on families and the broader rural community. It is also aimed at examining how such violence disrupts cultural harmony, education, and community cohesion. The study employed a qualitative approach, drawing on interviews and focus group discussions with custodians of culture and community members in the Amathole District Municipality of South Africa. Findings of the study demonstrate that (i) violent incidents during Umguyo transform the ceremony from a joyous cultural event into one of grief, creating deep emotional trauma and financial strain for affected families; (ii) traditional obligations such as funerals and cancelled rituals further burden families economically and socially; and (iii) rumours and disputes following violent incidents contribute to long-term community fragmentation and hinder educational progress during the initiation season. Overall, the study highlights how violence linked to cultural practices undermines social cohesion, mental well-being, and economic stability in rural South Africa. Addressing this requires culturally sensitive legal reforms and strengthened community engagement.

This study evaluates the nature and extent of cybercrimes prevalent within higher learning institutions of South Africa. Cyber-attacks are growing at a distressing rate and has posed a serious challenge within academia by impacting and disrupting normal learning setting. Universities data infrastructure is vulnerable to criminals, can be compromised easily while students and staff are not alien to proportion of cybercrime impact inclusive of hacking, financial loss, bullying, illegal circulation of pornography, blackmailing’s, extortion and many other crimes. This case study evaluates student views about cybercrimes prevalent, causes, interrogated views about cybersecurity channels and impact of crimes at the University of Venda (Univen). Quantitative approach is applied, where snowballing sample procedure was utilised to quantitatively sample Univen students. The focus of this section, is Univen students, therefore 200 questionnaires were circulated amongst them to collect data. The research utilised the routine activities theory and differential association theory of crime as the study problem framework. Statistical Package for Social Sciences (SPSS) version 22 for quantitative data analysis is used to analyse data. The study uncovered depth of cybercrimes prevalent within Univen and extent of victimization and perpetration. It also exposes legal challenges hindering reporting or disclosure of violence suffered in online platforms. It makes recommendations that could be used to inform adoption of framework to manage cybercrimes within higher education institutions (HEI) of South Africa and to find alternatives programmes that will positively address cyber incidents within academia.

Effective border management is fundamental to protecting national sovereignty, safeguarding citizens, and preventing the infiltration of organised criminal networks. In South Africa, the South African Police Service (SAPS) is entrusted with law enforcement at border posts. However, recurring incidents of corruption among SAPS officials often involving collusion with criminal syndicates have rendered several border posts, including Beitbridge, weak and porous. This study evaluates SAPS border officials’ corruption and its security implications at the Beitbridge border post in Limpopo Province. The objectives are to investigate the nature and forms of corruption involving SAPS officials, examine the socio-economic and security-related impacts, assess the effectiveness of current anti-corruption mechanisms, and propose evidence-based recommendations to enhance accountability and transparency. The study employs a qualitative research approach grounded in the interpretivist paradigm and adopts a case study design centred on Beitbridge. Data were gathered through in-depth document analysis, encompassing 45 key documents such as official reports, policy frameworks, and media investigations, considered sufficient for achieving qualitative rigour and thematic saturation. The Broken Windows Theory is applied to explain how tolerance of minor misconduct escalates into systemic corruption and institutional decay. Findings reveal that entrenched corruption undermines law enforcement integrity, facilitates organised criminal activity, and compromises national border security. The study concludes that strengthening institutional oversight, reinforcing accountability structures, and promoting inter-agency cooperation are vital for curbing corruption and enhancing border management effectiveness. The study’s novelty lies in its focused examination of Beitbridge and its application of the Broken Windows Theory to border corruption within the South African context.

The aim of the study is to investigate the challenges facing the SAPS in successfully investigating and prosecuting cases of ritual killings in Vhembe District, Limpopo Province. The study adopted a qualitative methodology. Purposive sampling technique is used to sample, review and analyse, 30 material sources that reflected coverage on ritual murders and SAPS interventions in Vhembe District. The study applied thematic content analysis, leading to adoption of main thematic themes (legal barriers and SAPS Investigations strategies) to present results. The findings indicate that Human Tissue Act of 1983 hampers police effort to stop ritual murders as it provides for six months’ imprisonment or R2000 payable fine to those found in possession of human remains. This promotes recidivism of ritual murders as there is leniency inherent in criminal justice system. SAPS laboratory Services is unable to accurately determine cause of ritual murder victim’s death in most cases and merely attributing the death to animal predators leading to premature closure of cases. Vhembe communities do not cooperate with SAPS, thus withholding crucial information that may drive police investigations. It is therefore recommended that a special police investigations task team be established to focus specifically on ritual killings. Furthermore, SAPS should establish special community policing forum aimed at strengthening cooperation between the police and members of the community, NGO’S, faith based organisations and community leaders. Further studies should be conducted to examine the effectiveness of methods used by SAPS to investigate ritual murders.

This study explored the work-life balance experiences of nurse educators at a nursing education institution in Gauteng, South Africa. Using a qualitative, descriptive design, 16 purposively sampled nurse educators participated in semi-structured interviews. Thematic analysis revealed two main themes: Transition Challenges and Work-Life Balance Interference. Participants faced difficulties adapting to academic roles, leading to strained relationships and social isolation. Academic demands also led to neglect of personal and social obligations, disrupting the work-life balance. The findings highlight the complex challenges of transitioning from clinical practice to academia, which can negatively impact well-being. The study emphasises the need for institutions to implement supportive strategies to improve nurse educators’ work-life balance.

This empirical paper examines the challenges third-year students face in learning Economic and Management Sciences (EMS) at a University of Technology. The primary issue is that students frequently struggle to grasp the subject effectively, resulting in unsatisfactory outcomes. The paper is rooted in Constructivist Learning Theory, pioneered by Vygotsky and Piaget, which posits that students develop their understanding through active engagement and social interaction. Participatory Action Research was employed as the primary method for data collection, and a thematic approach was used for data analysis. A WhatsApp group was created to facilitate group discussions for data collection and analysis. Participants included nine (n=9) third-year students specialising in EMS as one of their elective subjects. The study found that inadequate mentorship and support significantly affect the effectiveness of learning EMS. The complexity of EMS, a lack of accounting background, and the workload were identified as key challenges hindering effective learning. Based on these findings, the study recommends that students, particularly those without a strong foundation in accounting from high school, receive adequate support. Additionally, it advocates that each course should be treated independently rather than combining multiple subjects under EMS. Based on these findings, the study aims to contribute to the enhancement of EMS teaching and to propose strategies for addressing the frustrations experienced by third-year students within the module.

The Republic of South Africa (RSA) adopted the move to accrual-based accounting in 1999, and the implementation of GRAP standards by the Municipalities has been affected since 2006. The expected benefits were improving transparency, accountability, quality, and efficiency of municipal financial reporting. The aim of this study is to investigate the impact of GRAP standards on the quality of financial reporting in RSA municipalities during the period of Pre-GRAP (2005/06 to 2009/10) compared to Post-GRAP (2010/11 to 2015/16).   This study employed a quantitative approach wherein secondary data was sourced online from the National Treasury database. A panel dataset split into two subpanels (pre and post), drawn from a sample of 125 municipalities, was used to test the study’s hypothesis.  The data were winsorized to eliminate outliers, and a multicollinearity test was conducted to identify and eliminate variables that could have resulted in model misspecification. A Hausman Test was used to select the study’s regression model, which was estimated using the STATA 15 software. The residuals of the regression model were used as a measure of accrual quality and, hence, financial reporting quality. A larger standard deviation of residuals indicates poorer accruals quality and financial reporting quality. The findings indicated a standard deviation of 0.061 (pre-GRAP) and 0.084 (post-GRAP) for the adoption periods, which indicates higher financial reporting quality. These relatively unchanged standard deviation results suggest that GRAP did not significantly improve the quality of financial reporting by municipalities after its adoption.

The literature reveals that have poor spending habits arising from poor budgeting skills and lack financial knowledge, among others. However, it is unclear which individual lifestyles and attitudes influence the students' spending habits. This study, therefore, fills this gap with empirical evidence from accounting students in South Africa. Specifically, the study aims to investigate the existence of relationships between socio-demographic, attitudinal and lifestyle factors on the one hand and students' spending behaviour, on the other. Using an online structured questionnaire, we collected data from 290 accounting students at the University of KwaZulu-Natal in South Africa, which was analysed using descriptive and inferential statistical techniques. The study finds that socio-demographic factors such as students' age and parental income have the greatest influence on students’ spending habits. Students' spending habits were also found to be influenced by attitudinal factors such as confidence in investment decision-making and shopping for necessities. Finally, it was observed that living an extravagant lifestyle, which includes purchasing branded clothing, compulsive shopping, the latest cell phones, and excessive alcohol purchases, were the primary cause of students' poor spending habits. These findings primarily support the social learning theory, implying that parents and/or guardians play an important role in shaping their children's spending habits.

In developing countries, the challenge of managing solid waste is significant, but local knowledge can offer useful solutions, even if underutilised. This paper provides an overview of Solid Waste Management Strategies in the village of Thalahane in the Limpopo Province of South Africa to highlight these alternative practices. The aim was to examine Solid Waste Management Strategies in the community and the significance of culture, environment, and efficiency using data collected and thematic analysis from qualitative research approaches. We used a combination of non-structured and semi-structured interviews with 65 randomly selected participants to explore the overarching challenges of solid waste management in this rural community. The primary findings indicate that separation, disposal, composting, incineration, recycling, reuse, reduction, and prevention are the most common domestic Solid Waste Management Strategies in Thalahane. Each of the applicable strategies was viewed as culturally important and transferred from generation to generation and had value as a potential solution to the community's growing concerns regarding public health, animal welfare, and environmental sustainability. The findings suggest considerable potential for integrating indigenous practices into municipal Solid Waste Management Strategies. Overall, they offer an avenue for more sustainable, environmentally, and culturally acceptable solutions to solid waste management in rural contexts.

Childhood obesity is a growing global public health concern, particularly in rural settings, where socio-cultural factors contribute to the prevalence of bullying. Obese learners often face severe psychosocial challenges due to bullying, which negatively impacts their academic performance, self-esteem, and mental well-being. Despite the increasing awareness of bullying, limited research focuses on its educational and psychosocial effects on obese learners in rural secondary schools. This study explores the experiences of obese learners subjected to bullying and examines how these experiences affect their educational outcomes and emotional health. Grounded in Bandura’s Social Learning Theory, which emphasizes how behaviours such as bullying are learned through observation and reinforcement, the study adopts an interpretive paradigm to gain in-depth insights into the lived experiences of affected learners. A qualitative research design was employed, using in-depth interviews, discussions, and observations to collect data from five public rural secondary schools. Participants included ten obese learners in grades 10 and 11 who had experienced bullying and four teachers who interacted with these learners. Purposive sampling ensured the selection of participants with relevant experiences, while thematic analysis was used to identify key patterns emerging from the data. Findings indicate that bullying has significant negative psychological effects, leading to anxiety, depression, social withdrawal, and diminished self-esteem. Academic performance is also affected, as many bullied obese learners experience absenteeism, lack of concentration, and reduced motivation to engage in learning. To address these challenges, schools should implement anti-bullying policies that specifically target weight-based discrimination and foster an inclusive school culture. Psychoeducational support programs should be introduced to provide counselling and resilience training for obese learners. This study highlights the severe academic and psychosocial consequences of bullying among obese learners in rural secondary schools. Addressing these issues requires targeted interventions that promote a supportive learning environment, empower affected learners, and discourage bullying behaviours.