Browsing by Author "Phillipus, Nellius"

Now showing 1 - 2 of 2
  • Thumbnail Image
    Item
    An analysis of the tender process in the government of Namibia
    (University of Namibia, 2015) Phillipus, Nellius
    This research studied an analysis of the tender process in the government of Namibia. The findings of the study revealed that ethics, awareness and training influence the compliance of procurement regulations in government. The study acknowledges the importance of ethics, awareness and training in compliance to procurement procedures and regulations. However, a lot needs to be done to improve ethical conduct, knowledge of employees on procurement regulations and training because failure to comply with the regulations tendering committees and suppliers can lead to major losses of government funds. The study used guided interviews approaches to gather data. Interviews with ministerial tender committees’ chairpersons were carried out to collect information on the process of tendering used in the respective ministry. The study also recommends the following; it is important to offer ethics education to tendering committee members in order to ensure they serve in ultimate objectivity, accountability, and non discrimination. The government should organize both in-service and external training sessions for procurement staff and the members of the ministerial tender committee, especially those officer bearers who were involved in procurement procedures. Accounting officers (Permanent Secretaries) should, whilst setting standards and assigning responsibilities, promote the development of a tendering process management system that conforms to all regulations or directives as might be applicable.
  • Thumbnail Image
    Item
    An investigation of the effect of macroeconomic variables on the performance of the Namibia stock market
    (University of Namibia, 2019) Phillipus, Nellius
    This study investigated the long term as well as short term relationship between macroeconomic variables and the Namibia Stock Market using monthly data from 1996 to 2016. The macroeconomic variables tested are interest rate, inflation, exchange rate, foreign direct investments and GDP. A Vector Error Correction Model (VECM) was employed to determine the long run equilibrium relationship while short term Granger causality test was employed for any short run interactions among the variables. The results indicate that the NSX has insignificant positive long run relationships with interest rate, exchange rate lag two and GDP, and an insignificant negative relationship with the inflation, exchange rate lag one, and foreign direct investments. The results indicate that a multifactor model is appropriate for Namibia Stock Market. Specifically, the study is in support of the multifactor APT as opposed to CAPM, identifying interest rate, exchange rate, FDI and GDP as priced risk factors. However, given the moderate R-squared of the VECM, there may be other macroeconomic variables of statistical significance that still remain unidentified.