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The use of derivatives by South African agricultural co-operatives to hedge financial risks

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dc.contributor.advisor Cronjé, J.J.L. (Prof.) en Botha, Erika en 2009-08-25T10:44:52Z 2009-08-25T10:44:52Z 2009-08-25T10:44:52Z 2005-06-30 en
dc.description.abstract The agricultural sector plays an important role in the South African economy through job creation and earning foreign exchange. The role of agricultural co-operatives increased substantially over the last few decades. The research focuses firstly on the identification of derivative instruments in the market and their applicability to mitigate financial risks co-operatives experience. Secondly, research is conducted about the extent to which co-operatives use these derivatives to hedge financial risks. The research shows that most co-operatives are exposed to financial risks through different activities. It is, however, evident that although the derivative instruments are available, not all co-operatives make use of these instruments. Recommendations for further research include the development of a risk management framework and determining the different economic factors that have an influence on the use of derivatives by South African agricultural co-operatives. en
dc.format.extent 1 electronic resource (vii, 117 leaves)
dc.language.iso en en
dc.subject Agricultural co-operatives en
dc.subject Derivative instruments en
dc.subject SAFEX en
dc.subject Futures contracts en
dc.subject Forward contracts en
dc.subject Options en
dc.subject Swaps en
dc.subject Forward rate agreements en
dc.subject Hedging en
dc.subject Financial risks en
dc.subject.ddc 332.6450968
dc.subject.lcsh Derivative securities -- South Africa
dc.subject.lcsh Agriculture, Cooperative -- South Africa
dc.subject.lcsh Financial risk -- South Africa. Hedging (Finance)
dc.subject.lcsh Futures -- South Africa
dc.subject.lcsh Swaps (Finance) -- South Africa
dc.subject.lcsh Options (Finance) -- South Africa
dc.title The use of derivatives by South African agricultural co-operatives to hedge financial risks en
dc.type Dissertation en
dc.description.department Business Management en M.Comm. en

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