Publication:
Corporate Governance Country Assessment : Republic of South Africa

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2013-07-23T16:19:39Z
dc.date.available2013-07-23T16:19:39Z
dc.date.issued2003-07
dc.description.abstractThis report assesses the corporate governance practices of listed companies in South Africa, within the broader context of the institutional capacity needed to ensure compliance and enforcement. The diagnostic reflects the corporate governance framework as of December 2001. South Africa has a well developed equity market with a market capitalization of 154 percent of GDP. Listed companies account for half of the corporate sector by value. As of 2001, on average, listed firms used equity financing for 35 percent of total funding. Given capital account restrictions, issuers operate largely in a captive market for domestic institutional investors. Institutional investors, however, take a passive attitude with respect to corporate governance. The policy recommendations herewith, can be grouped under three broad categories: legislative reform, institutional strengthening and voluntary/private initiatives. The legislative and regulatory framework dealing with corporate governance practices is undergoing substantial changes, and it is anticipated that most of the pending legislative and regulatory issues will be resolved. The most serious problems are compliance and enforcement. Hence, one of the key recommendations for policymakers is to strengthen the enforcement powers of the securities regulator.en
dc.identifierhttp://documents.worldbank.org/curated/en/2003/07/6588977/south-africa-report-observance-standards-codes-rosc-corporate-governance-country-assessment
dc.identifier.doi10.1596/14483
dc.identifier.urihttps://hdl.handle.net/10986/14483
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO INFORMATION
dc.subjectACCOUNTABILITY
dc.subjectADVISORY SERVICES
dc.subjectAUTHORITY
dc.subjectAUTHORIZATION
dc.subjectAUTHORIZED CAPITAL
dc.subjectBALANCE SHEET
dc.subjectBOARD MEMBERS
dc.subjectBOARD OF DIRECTORS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCASH FLOW
dc.subjectCASH-FLOW
dc.subjectCHARTERED ACCOUNTANTS
dc.subjectCLASSES OF SHARES
dc.subjectCOMPANY
dc.subjectCONFLICT OF INTEREST
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONSTITUTION
dc.subjectCORPORATE CONTROL
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATE PERFORMANCE
dc.subjectCORPORATE RESPONSIBILITY
dc.subjectCORPORATE STRATEGY
dc.subjectCORPORATION
dc.subjectCORPORATIONS
dc.subjectDEGREE OF CONTROL
dc.subjectDISCIPLINARY COMMITTEE
dc.subjectDISCLOSURE
dc.subjectDISCLOSURE REQUIREMENT
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDISCRIMINATION
dc.subjectDIVIDENDS
dc.subjectDOMESTIC INSTITUTIONAL INVESTORS
dc.subjectDUE DILIGENCE
dc.subjectEMPLOYMENT
dc.subjectENFORCEMENT POWERS
dc.subjectEQUITY CAPITAL
dc.subjectEXECUTION
dc.subjectEXECUTIVE DIRECTORS
dc.subjectEXPENDITURES
dc.subjectEXTERNAL AUDITORS
dc.subjectFINANCIAL CONTROL
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL RESULTS
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SITUATION
dc.subjectFINANCIAL STATEMENTS
dc.subjectFIRMS
dc.subjectFOREIGN SHAREHOLDERS
dc.subjectHOLDING COMPANY
dc.subjectINCENTIVE SCHEMES
dc.subjectINSIDER TRADING
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINTERNAL AUDIT
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLEGISLATIVE REFORM
dc.subjectLIFE INSURANCE COMPANIES
dc.subjectLIQUIDATION
dc.subjectLISTED COMPANIES
dc.subjectMANAGEMENT
dc.subjectMARKET PRICE
dc.subjectMERGERS
dc.subjectMINISTRY OF FINANCE
dc.subjectMINORITY SHAREHOLDER
dc.subjectMINORITY SHAREHOLDERS
dc.subjectNUMBER OF SHARES
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPAYOUT
dc.subjectPENSION FUND
dc.subjectPENSION FUNDS
dc.subjectPORTFOLIOS
dc.subjectPRIVATE PENSION
dc.subjectPRIVATE SECTOR
dc.subjectPUBLIC COMPANIES
dc.subjectPUBLIC COMPANY
dc.subjectPUBLIC DOMAIN
dc.subjectREGULATORY ACTION
dc.subjectREGULATORY BODIES
dc.subjectREGULATORY FRAMEWORK
dc.subjectREPRESENTATIVES
dc.subjectRISK ASSESSMENT
dc.subjectRISK MANAGEMENT
dc.subjectSHARE CAPITAL
dc.subjectSHARE OWNERSHIP
dc.subjectSHARE PRICE
dc.subjectSHARE PURCHASE
dc.subjectSHAREHOLDER MEETING
dc.subjectSHAREHOLDER MEETINGS
dc.subjectSHAREHOLDERS
dc.subjectSTAKEHOLDERS
dc.subjectSTATEMENT
dc.subjectSTATEMENTS
dc.subjectSTOCK EXCHANGE
dc.subjectTOTAL MARKET CAPITALIZATION
dc.subjectTRANSPARENCY
dc.subjectVOTING
dc.titleCorporate Governance Country Assessment : Republic of South Africaen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.date.doiregistration2025-05-07T12:05:48.853248Z
okr.doctypeEconomic & Sector Work::Corporate Governance Assessment (ROSC)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2003/07/6588977/south-africa-report-observance-standards-codes-rosc-corporate-governance-country-assessment
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid968991468305678899
okr.identifier.externaldocumentum000012009_20060209150551
okr.identifier.internaldocumentum6588977
okr.identifier.report35186
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/02/09/000012009_20060209150551/Rendered/PDF/351860ZA0REV0Corporate0SouthAfricaCG.pdfen
okr.region.administrativeAfrica
okr.region.countrySouth Africa
okr.sectorFinance
okr.sectorIndustry and trade
okr.topicPrivate Sector Development::Privatization
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicGovernance::National Governance
okr.topicSmall Scale Enterprise
okr.topicIndustry
okr.volume1 of 1
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
351860ZA0REV0Corporate0SouthAfricaCG.pdf
Size:
558.67 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
351860ZA0REV0Corporate0SouthAfricaCG.txt
Size:
74.95 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Corporate Governance Assessment