Annual Report 2023 COLLEGE OF BUSINESS AND ECONOMICS
“EVERYONE CAN RISE ABOVE THEIR CIRCUMSTANCES AND ACHIEVE SUCCESS IF THEY ARE DEDICATED TO AND PASSIONATE ABOUT WHAT THEY DO. IT ALWAYS SEEMS IMPOSSIBLE, UNTIL IT IS DONE.” NELSON MANDELA
TABLE OF CONTENTS 1 COLLEGE OF BUSINESS AND ECONOMICS (CBE) 2023 @ A GLANCE 2 EXECUTIVE SUMMARY 2 INTRODUCTION 4 STAFF 4 Demographic profile: academic and support, international, designated, qualification profile 5 Staff development 5 NRF-rated researchers 6 Recognitions and awards 10 TEACHING and LEARNING 10 Enrolment and student profiles 10 Undergraduate and postgraduate graduates 11 Student access and success and support for students 12 UJenius recruitment 12 Programmes: new programmes, CEPs, quality management, innovations, new initiatives, ensuring relevance, addressing issues about attributes of graduates and employability of graduates 13 RESEARCH AND INNOVATION – FOOTPRINT AND IMPACT 13 Outputs: publications (journals, conferences, books, etc.) 13 Research Impact 13 Postdoctoral Research Fellows (PDRFs) 14 Research structures 14 Research funding 14 PARTNERSHIPS, STAKEHOLDER AND COMMUNITY ENGAGEMENT 14 Joint programmes, exchange programmes, study abroad programmes (including virtual) 15 Community engagement projects 17 ALUMNI AND STAKEHOLDER ENGAGEMENTS 17 TRANSFORMATION 17 FACULTY GOVERNANCE AND RISK MANAGEMENT 18 RESOURCE AND FINANCIAL MANAGEMENT 18 ENVIRONMENTAL SUSTAINABILITY 18 WAY FORWARD 20 TEACHING AND LEARNING 20 OVERVIEW 22 TEACHING AND LEARNING INNOVATIONS IN 2023 22 STAFF TRAINING AND DEVELOPMENT 23 ENROLMENT AND STUDENT PROFILE 24 STUDENT ACCESS, SUCCESS AND SUPPORT 25 PROGRAMME QUALIFICATION MIX 25 UJENIUS 26 TOWARDS TEACHING AND LEARNING FUTURE AGILITY 26 GOING FORWARD 28 RESEARCH AND INNOVATION 28 RESEARCH OUTPUT 28 RESEARCH IMPACT 28 Productivity 29 4IR 29 Scholarship of Teaching and Learning (SOTL) 29 Sustainable Development Goals (SDGs) 30 RESEARCH CAPACITY 30 NRF-rated researchers 30 Postdoctoral research fellows (PDRFs) 31 PATENTS 31 RESEARCH FUNDING 32 RESEARCH LEADERSHIP 32 RESEARCH POLICY 35 DHET-NRF SARCHI CHAIR IN ENTREPRENEURSHIP EDUCATION 40 DSI/NRF SOUTH AFRICAN RESEARCH CHAIR IN INDUSTRIAL DEVELOPMENT 47 DSI/NRF/NEWTON FUND TRILATERAL RESEARCH CHAIR IN TRANSFORMATIVE INNOVATION, THE FOURTH INDUSTRIAL REVOLUTION (4IR) AND SUSTAINABLE DEVELOPMENT 53 CENTRE FOR APPLIED DATA SCIENCE (CADS) 57 CENTRE FOR LOCAL AND ECONOMIC DEVELOPMENT (CENLED) 62 CENTRE FOR PUBLIC MANAGEMENT AND GOVERNANCE 65 INSTITUTE FOR TRANSPORT AND LOGISTICS STUDIES (ITLS) (AFRICA) 71 PUBLIC AND ENVIRONMENTAL ECONOMIC RESEARCH CENTRE (PEERC) 77 TECHNOPRENEURSHIP CENTRE 82 TETA 4IR RESEARCH CHAIR 86 WHOLESALE & RETAIL SETA LEADERSHIP CHAIR (GAUTENG)(WRSLC) 90 THE CENTRE FOR COMPETITION, REGULATION AND ECONOMIC DEVELOPMENT (CCRED)
College of Business and Economics | Annual Report 2022 1 COLLEGE OF BUSINESS AND ECONOMICS (CBE) 2023 @ A GLANCE
College of Business and Economics | Annual Report 2023 2 Prof Lungile Ntsalaze Executive Dean College of Business and Economics Executive Summary INTRODUCTION This report reflects on a year of dynamic activity and intellectual vibrancy at the College of Business and Economics (CBE). While navigating significant leadership transitions, a challenging global economic climate, water and electricity outages in the country, the CBE persevered and thrived. We established a diverse leadership team and increased our support for deserving students through the Vice-Chancellor’s Double Our Future Impact campaign. I witnessed inspiring acts of generosity from staff who contributed to student fees and debt relief. We are grateful to all who participated in these impactful efforts through various means, including the University’s Future Walk and cycling the Virgin Active-947-Ride Joburg. Both staff and students enthusiastically engaged in a variety of volunteer initiatives commemorating Mandela Day, such as assisting with cleaning tasks at Helen Joseph Hospital. This year also saw a strong focus on fostering connections. Our ‘Connecting Pathways for Sustainable Social Impact’ event brought together industry partners to explore collaborative opportunities. We hosted distinguished lectures such as the address by the South African Reserve Bank Governor, Mr Lesetja Kganyago, on global economic challenges, broadcast across various media platforms. Prof Mariana Mazzucato, a prominent economist in the Economics of Innovation and Public Value at University College London (UCL), received an honorary doctorate. South African Reserve Bank Governor Mr Lesetja Kganyago and CBE Staff
College of Business and Economics | Annual Report 2023 3 The College partnered with the Vice-Chancellor for a ‘High Tea with the VC’ and hosted Ms Nonkululeko Gobodo to discuss her book, Awakened to My True Self. She is a renowned businessperson and in 1987 was the first African woman to qualify as a chartered accountant in South Africa. Our ‘Eagles Fly Above the Storm Women’s Conference 2023’, in partnership with the Women of Stature Foundation, inspired more women to find and use their wings and voices to achieve more in their communities and workplaces. The presence of Ms Nolwazi Mamorare, our CFO, and Ms Kone Gugushe, a Ministerial appointee to the Council, added honour to the event. Our commitment to academic excellence remains steadfast. We are proud of our rising student success rates, a flourishing research environment, and even a second-place finish at the UJ Staff Day celebrations where we celebrated diversity and embraced the Basotho culture. This year’s achievements are a testament to the hard work and dedication of the entire CBE community. As the new Executive Dean, I am honoured to serve alongside such a remarkable team. Connecting Pathways for Sustainable Societal Impact CBE Industry Partners Engagement Honorary Doctorate Prof Mariana Mazzucato CBE Eagles Fly Above the Storm Women’s Conference 2023
College of Business and Economics | Annual Report 2023 4 STAFF Demographic profile: academic and support, international, designated, qualification profile The CBE workforce is remarkably diverse. In a staff complement of 515, we are proud to have a female representation of 59% and a growing international presence, with 17% of our academics coming from abroad. Over two-thirds of our staff are academics, and a significant portion (46%) hold doctoral degrees, an improvement from the 42% in the previous year. We are committed to fostering a diverse and inclusive work environment where everyone feels valued and supported. Our staff reflect this commitment, with a strong emphasis on academic qualifications and a culture of continuous learning. We actively encourage all staff to pursue higher education by providing resources, such as teaching relief and research assistance. This dedication to professional development is evident in the increasing number of staff with advanced degrees. Dr Modi Hlobo is the first black staff member of the CBE’s School of Accounting to graduate with a PhD in Accounting. CBE Eagles Fly Above the Storm Women’s Conference 2023 Dr Modi Hlobo
College of Business and Economics | Annual Report 2023 5 Staff development We encourage staff to chart their professional development through personal development plans. A rich array of workshops caters to diverse needs, encompassing academic writing, research methodologies, support for early career researchers, leadership development, and data analysis skills. Staff also have access to courses focusing on various aspects of well-being, including managing work stress, and raising mental health awareness. The School of Management’s well-being programme focused on resilience and agility in today’s work environment. Our Research Week was bustling with distinguished visiting scholars, such as Profs SF Wamba and Nripendra P Rana. Leadership potential is nurtured through programmes like the AAMP and strategic succession planning via deputy HODs. Among others, Dr Bvuma participated in the prestigious UJ Women in Leadership Development Programme (UJWLDP). While progress has been made, the College acknowledges the need for greater gender balance in promotions. Though designated groups were well represented (56%) in 2023 promotions, women comprised only 31%, and none rose from senior lecturer to associate professor. This is a focus area for continued improvement. Colleagues who were promoted included Dr Abieyuwa Ohonba, Dr Eric Blanco Niyitunga, Dr Renjini Joseph, Prof DB (Vain) Jarbandhan, Dr Sithembiso Khumalo, Dr Oliver Takawira, Prof Talita Greyling, Prof Mduduzi Biyase, Dr Mokgadi Rahab Maleka, Prof Thando Vilakazi, Dr Werner Henk Otto, Prof Colin David Reddy, Prof Patrick Ndayizigamiye, Dr Tebogo Bokaba, Dr Thabang Mofokeng and Dr Hulisani Mlambo. Profs Goldman, Adekambi, Nel-Sanders and Hill marked milestones by delivering inaugural lectures, sharing past research, and igniting new ideas with their diverse audiences. NRF-rated researchers There has been a notable increase of nine NRFrated researchers compared to 2022, bringing the total to 46. These include Prof T Greyling, who achieved a B-rating to join Profs Nunkoo, Rogerson, and Riedel. These scholars are recognised by their peers for the exceptional quality and impact of their recent research contributions. Visiting Professor Nripendra P Rana School of Management Visiting Professor Diane A Isabelle Prof Goldman (second from left) at his Professorial Inaugural Lecture
College of Business and Economics | Annual Report 2023 6 Recognitions and awards The dedication and the talent of CBE staff were on full display in 2023 as they received numerous prestigious awards and recognitions that underscored their exceptional contributions. These accolades included appointments to esteemed editorial boards, invitations as keynote speakers at prestigious events, evaluation and discussion panels and recognition through best paper awards at renowned conferences. Dr Stella Bvuma’s well-deserved Woman of Stature South Africa Award in the Woman in Technology category was a testament to her leadership. Prof Natanya Meyer’s achievements were multifold, including co-authoring the South African Global Entrepreneurship Monitor, receiving a best paper award, and being appointed as associate editor for the Review of Managerial Science journal. Prof Chris Schachtebeck was appointed to the editorial board of the South African Journal of Entrepreneurship and Small Business Management. Prof Talita Greyling’s membership in the prestigious World Well-Being Panel further highlighted her commitment to societal well-being. Ms Boniswa Madikizela participated as a panellist at the Financial Sector Conduct Authority (FSCA) Financial Literacy Seminar. Prof Musa Saurombe’s appointment as an editorial fellow of the American Psychological Association Journal of Experimental Psychology: General was another feather in the College’s cap. Dr Dennis Boahene Osei was appointed Associate Editor of the Ghanaian Journal of Economics. Prof Amanda Dempsey, Ms Nolwazi (UJ CFO), Ms Linda de Beer (Professor of Practice) received prestigious SAICA Difference Makers Awards 2023, while the valued ABASA (Association for the Advancement of Black Accountants in South Africa) President’s Award for Transformational Impact was bestowed on Prof Ben Marx. Mr Ronny Mabokela’s acknowledgment as the Ultimate Geekstar of the Year underscores his exceptional contributions in technology. Profs Tembi Tichaawa and Diane Abrahams were appointed to the World Economic Professorial Inaugural Lecture: Prof Franck Adekambi Professorial Inaugural Lecture: Prof Karin Hill Prof Talita Greyling: NRF B-Rated Professorial Inaugural Lecture: Prof Danielle Nel-Sanders Dr Stella Bvuma: Woman of Stature Category Winner Prof Natanya Meyer: Various Achievements
College of Business and Economics | Annual Report 2023 7 Prof Chris Schachtebeck Prof Ben Marx Ms Boniswa Madikizela Prof Musa Saurombe Dr Dennis Boahene Osei Linda de Beer Prof Amanda Dempsey Ronny Mabokela Nolwazi Mamorare Forum Global Futures Council and the Board of MEA School Directors Alliance, respectively. Dr Naiefa Rashied and Dr Hema Kesa showcased their expertise in scholarship and nutrition, respectively, through appointments as Associate Editor: Scholarship of Teaching and Learning in the South and Board: Federation of African Nutrition Society. Prof Cecile Nieuwenhuizen achieved third place in the Entrepreneurial Female Leader for the Triple E Entrepreneurial Universities Award (Africa) and her team was awarded third place in the International Entrepreneurial Team. Prof Naude Malan’s dedication to agriculture was recognised through the 2023 Mzansi Changemakers Award and the Agricultural Research Council appointment. Professional support staff members, Ms Maria Motaung, Ms Nthabiseng Malaza, Ms Marievonne Daya and Mrs Yvette Boys, were rightfully
College of Business and Economics | Annual Report 2023 8 recognised with the Orange Ribbon Award for their unwavering support. Numerous other staff members further enhanced the College’s reputation through esteemed appointments, awards, keynote speaker invitations, board memberships, and recognition such as CBE Top Researchers. Prof Crystal Hoole received an Honorary Award for service to the Society for Industrial and Organisational Psychology of South Africa, while Prof Claude-Hélène Mayer and Prof Elizabeth Vanderheiden won the William B. Gudykunst Outstanding Book Award for the best intercultural book of 2023. Prof Claude-Hélène Mayer was also elected as a Fellow on the Board of the International Academy of Intercultural Research, 2023-2025. Prof Chioma Okoro was elected Chairperson of the African Real Estate Society (AfRES) Southern Africa Chapter. Prof Prof Diane Abrahams Prof Cecile Nieuwenhuizen Dr Naiefa Rashied Prof Naude Malan Dr Hema Kesa Prof Tembi Tichaawa Prof Crystal Hoole Prof Claude-Hélène Mayer Prof Elizabeth Vanderheiden
College of Business and Economics | Annual Report 2023 9 Prof Chiomo Okoro CBE Top 20 Researchers Award winners Prof Sascha Kraus Prof Erika Kraemer-Mbula Prof Simplice Asongu Prof Arnold Bakker Prof Keun Lee
College of Business and Economics | Annual Report 2023 10 Fiona Tregenna was selected by the United Nations Industrial Development Organisation (UNIDO) as the Africa Regional Partner for the 2024 Industrial Development Report, further highlighting CBE’s global impact. Prof Erika Kraemer-Mbula joins the governing council of the United Nations Technology Bank for Less Developed Countries, dedicated to bolstering science, technology, and innovation in these nations for socioeconomic advancement and SDGs attainment. Prof Arnold Bakker’s Distinguished VC Award and Prof Kraus’s listing as a Clarivate Highly Cited Researcher for the second-year running were testaments to their exceptional research contributions. We also celebrated distinguished visiting professor, Simplice Asongu’s recognition as a Clarivate top cited researcher in Africa. Prof Keun Lee, a visiting scholar, received the Hakhyun Academic Award for outstanding academic contributions in South Korea. He was also recognised as the Fellow of the Year 2023 by the Eurasian Business and Economics Society. The year 2023 saw 72 staff members honoured with Long Service Awards, recognising 1 080 years in total of dedicated service to the University. Among them, Ms Maria Maritz, Prof Marita Pietersen, and Ms Charmaine Viljoen each proudly celebrate 35 years of unwavering service. TEACHING AND LEARNING Enrolment and student profiles CBE enrols over 18 600 students, constituting 35% of the University’s total student body. In the context of growing emphasis on promoting equality, diversity, and inclusion, CBE maintains its steadfast dedication to attracting and admitting students from diverse backgrounds. The College boasts a richly diverse student body: black (92%), Coloured (2%), Indian (3%), and white (3%); these figures include our international students. This diversity is further bolstered by our international student population, which makes up over 7% of CBE. Additionally, we see a heartening shift towards a more balanced gender representation, with women comprising 59% of undergraduates and 56% of postgraduates. Simultaneously, the number of admitted learners with an Admission Point Score (APS) of at least 35 has risen significantly, from 50% in the previous year to 62%. Undergraduate and postgraduate graduates We are proud to report a significant increase in graduates. A total of 4,914 students are due to graduate, representing an 11% improvement over the previous year. This growth is primarily driven by the undergraduate population, which now comprises 73% of graduates. Postgraduate graduates consist of 1 162 honours and postgraduate diplomas, 141 master’s, and 25 doctorates. Notably, 56% of doctoral graduates were black South African candidates reflecting a significant improvement from 43,3% in 2022. The College acknowledges that financial constraints and the part-time nature of many postgraduate students can pose significant challenges for student completion. We are committed to implementing strategies to address these challenges and provide a more holistic support system for our postgraduate students. In May 2023, a comprehensive supervisor toolkit was launched. This one-stop resource guides First-year CBE Students Welcome
College of Business and Economics | Annual Report 2023 11 both supervisors and students through all phases of the research process. It provides valuable insights and resources to support each stage of research, ensuring a smooth and successful journey. Student access and success and support for students The undergraduate module success rate (MSR), reached an impressive 88%, surpassing prepandemic averages and reflecting a 4.3 percentage point increase from the previous year. This accomplishment can be attributed to several key initiatives, such as additional tutorials, revision, and diligent monitoring and management of class attendance under the leadership of Prof Sivan Chetty (former Vice-Dean: Teaching and Learning). The School of Accounting maintains its position as leader in accounting education, with graduates achieving an impressive 95% first-time pass rate on the first SAICA professional exam (Initial Test of Competence). Notably, Ms Tasmiyah Bodhania, Ms Yorisha Nankoo, and Mr Luke Wessels achieved honours, surpassing the 75% mark in this rigorous examination. Additionally, UJ alumnus, Mr Ismaeel Ayob, earned a coveted place on SAICA’s prestigious second exam (Assessment of Professional Competence) Honours Roll, which recognises exceptional performance and insight in completing case study tasks. In the Chartered Global Management Accountant Finance Leadership Program (CGMA FLP), students excelled, with the highest number passing the Strategic Case Study exam in Africa, solidifying CBE’s position with the best pass rate in Africa for this exam over the past three years. Beyond academics, CBE students consistently excel in competitions like the NEMISA Datathon and the CFA Institute Local University Research Challenge. Sebolaishi Manamela and Madoda Hlatshwayo emerged as the champions in the Johannesburg Stock Exchange (JSE) Investment Challenge. The CBE team secured the top two positions in the Financial Planning Case Study Competition. Four exceptional individuals − Tsebo Matsoso, Joviale Mbisha, Ryan Mphahlele, and Owethu Ngubane − brought home prestigious awards and medals in athletics and netball on the international stage. CBE further demonstrates its commitment to student success by providing continuous support throughout the examination period, including exam packs in collaboration with the Student Representative Council (SRC). Recognizing the importance of academic integrity, the College partnered with the UJ Student Ethics and Discipline Division to launch an academic integrity campaign to reduce academic dishonesty. “What counts in life is not the mere fact that we have lived. It is what difference we have made to the lives of others that will determine the significance of the life we lead.” Nelson Mandela
College of Business and Economics | Annual Report 2023 12 UJenius recruitment The UJenius Club continues to identify and acknowledge top-performing senior students. The Club offers various incentives and student enrichment opportunities to these high achievers. The number of Orange Carpet students, who are natural candidates for the UJenius Club, has notably increased by 28% in the past year. However, the count of senior students who meet the requirements for continued participation in the UJenius Club has decreased by more than half. This decline may be attributed to several factors, including a potential misalignment of criteria between Orange Carpet students and the UJenius Club. Additionally, the challenging transition from high school to university could contribute to this trend. The UJ 101 programme is anticipated to play a significant role in addressing these transitional challenges for first-time university students. Programmes: new programmes, CEPs, quality management, innovations, new initiatives, ensuring relevance, addressing issues about attributes of graduates and employability of graduates CBE remains at the forefront of preparing graduates and professionals for the ever-changing workplace. We have expanded our offerings with three new qualifications: the Bachelor of Commerce Flexible, Master of Information Systems, and PhD (Development and Innovation). All are approved by the Senate and are undergoing further processes. Our commitment to market-relevant curriculum is reflected in our improved rankings. We achieved the top spot for Business and Economics in South Africa and Africa, according to the Times Higher Education Rankings. Hospitality and Tourism Management achieved a remarkable global ranking of #6 according to the Global Ranking of Academic Subjects by Shanghai Ranking. The Department of Industrial Psychology and People Management received the prestigious award for the Best Academic Industrial Psychology Department at the Society for Industrial and Organisational Psychology of Southern Africa (SIOPSA) conference. Additionally, the quality of programmes is validated by various professional bodies through rigorous accreditation processes. Notable affiliations include the South African Institute of Chartered Accountants, the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants, the Health Professions Council of South Africa, the Financial Planning Institute of Southern Africa, the International Coaching Affiliation, and the Certified Financial Analyst Institute. UJ is the first university in South Africa to offer the CGMA FLP™. CBE was also recognised as a CGMA Distinguished University Partner in Africa. Three accounting programmes have received accreditation from ACCA, effective 1 January 2024, and our BCom Accounting degree has obtained accreditation from the Southern African Institute of Government Auditors (SAIGA). Throughout 2023, CBE spearheaded innovative initiatives covering updated content and
College of Business and Economics | Annual Report 2023 13 Research impact With an intentional focus on societal impact, the CBE demonstrated strategic and impactful engagement with the sustainable development goals (SDGs), reflecting its commitment to addressing global and local challenges through research. In 2022, the CBE recorded 674 publications listed in Scopus, a number that rose to 762 in 2023, marking a commendable 13% increase in its Scopus publication count. This growth underscores the CBE’s commitment to producing high-quality, globally recognised research. In its inaugural assessment of interactions with the SDGs, the CBE has highlighted significant contributions, particularly in areas that resonate deeply with the South African context. The most pronounced emphasis was on SDG 1 – No Poverty, with 331 publications illustrating the CBE’s dedication to tackling poverty, a critical issue in South Africa. Following closely, the College’s engagement with SDG 8 – Decent Work and Economic Growth, resulted in 301 publications. This engagement is especially pertinent given South Africa’s current socioeconomic context, characterised by a need for sustainable economic development and employment generation. The third most emphasised SDG was SDG 9 – Industry, Innovation, and Infrastructure, reflecting the growing recognition of the need to bolster industry, spur innovation, and develop robust infrastructure in South Africa. To further underscore the CBE’s comprehensive engagement, it is also pivotal to acknowledge its multidisciplinary approach, as evidenced by its involvement in SDG 14 – Life Below Water, among others. Prof Talita Greyling’s paper, ‘A Tale of Three Countries: What is the relationship between COVID-19, Lockdown and Happiness?’ was recognised as Top Cited Article by Wiley Publishers. Postdoctoral Research Fellows (PDRFs) The Postdoctoral Research Fellows (PDRFs), a critical component of the institution’s research engine, demonstrated significant progress by increasing their collective contribution to 97 ROUs in 2023, up from 88.98 ROUs in the preceding year. This growth is a testament to the enhanced research activities and output quality driven by the postdoctoral community. The number of PDRFs increased from 71, including one senior PDRF, at the start of 2023, to 81 by the year’s end, including 10 senior PDRFs. The 10 senior PDRFs further illustrate the CBE’s proactive approach to advancing its research agenda. This cohort of senior PDRFs, distinguished by achieving more than three approaches to teaching, particularly related to 4IR, with these being discussed in the Teaching and Learning Innovation segment at College Board meetings. Notably, the SUCSESS Project Teaching & Learning Digi-Handbook highlights a plethora of innovative teaching practices stemming from the Erasmus+ funded SUCSESS project, including the integration of virtual reality facilities and MAXHub technology in lecture rooms. The University also offers enrichment modules for students at no additional cost: African Insights, Artificial Intelligence in 4IR, Introduction to the SDGs, and Financial Literacy. These modules are essential in expanding the relevance of learning for employability purposes in a nationally responsive and globally relevant manner. Over 4 100 of our students participated in 2023. Our graduates continue to demonstrate high employability rates, with 87,3% of national and 81,3% of international students securing employment within a year of graduation. Moreover, we are fostering an entrepreneurial spirit among our graduates, with 46 CBE alumni launching businesses in 2023. A new partnership with Enactus South Africa further strengthens this focus. More than 100 STH students gained valuable real-world experience through work-integrated learning placements with 10 industry partners. The Mobius internship programme provides valuable internship opportunities for young people. This programme fosters their professional development and prepares them for success in their future careers. RESEARCH AND INNOVATION – FOOTPRINT AND IMPACT Outputs: publications ( journals, conferences, books, etc.) In 2023, the CBE showed remarkable growth in its research output, achieving a total of 1 256 publications approved for submission to DHET. These publications translate into 738 research output units (ROUs), made up of 83% articles, 8% books and book chapters, and 9% conference proceedings, marking a significant rise from 677 ROUs in 2022. These metrics highlight not only the CBE’s commitment to academic excellence but also its strategic role in advancing UJ’s research agenda and its contribution to reinforcing UJ’s status as a research-intensive university. Other exciting news is that the second edition of the Handbook of Innovation Indicators and Measurement, edited by Prof Fred Gault, Prof Anthony Arundel, and Prof Erika Kraemer-Mbula, is finally out.
College of Business and Economics | Annual Report 2023 14 allocating R9.62 million to the CBE, highlighting the institution’s strong alignment with national research priorities and its ability to secure competitive funding. Additionally, the CBE made impressive strides in securing international funds, with International Contract Research bringing in R5.54 million in 2023. Research funding received from within South Africa with specified deliverables amounted to R11 million and nonobligated research income was R8.6 million. The CBE’s adeptness in surpassing its research funding targets, coupled with a strategic approach to funding diversification, underscores its commitment to advancing research excellence and innovation. PARTNERSHIPS, STAKEHOLDER, AND COMMUNITY ENGAGEMENT Joint programmes, exchange programmes, study abroad programmes (including virtual) CBE has been actively fostering collaborations to enhance the academic journey of its students. Ms Chante van Tonder, a doctoral student in the Department of Business Management, is the first to undertake a joint doctorate with the Vrije Universiteit (VU) Amsterdam, under the NRF-NUFFIC programme. The partnership with Glasgow Caledonian University offers specialised training programmes, such as railway operations management. We actively participate in coresearch output units (ROUs) in 2022, exemplifies the high calibre scholarship the College aspires to cultivate. Their achievements not only reflect individual excellence but also contribute to the CBE’s overall research impact, demonstrating the programme’s success in fostering productive and impactful scholars. Research structures Within CBE, a vibrant ecosystem of research and community development initiatives thrive, each led by dedicated experts committed to advancing knowledge and societal well-being: The Institute for Transport and Logistics Studies (ITLS), Africa, overseen by Prof Noleen Pisa. The Food Evolution Research Laboratory (FERL), under the direction of Dr Hema Kesa. The Centre of Local Economic Development (CENLED), guided by Prof Marius Venter. The Centre for Competition, Regulation, and Economic Development (CCRED), led by Prof Thando Vilakazi. The Centre for Public Management and Governance, headed by Prof Vain Jarbandhan. The Public and Environmental Economic Research Centre (PEERC), under the leadership of Mr Jugal Mahabir. The Technopreneurship Centre, directed by Mr Ronny Mabokela. The Centre for Applied Data Science (CADS), led by Mr Siyabonga Mhlongo. The Centre for Work Performance, under the guidance of Prof Nicolene Barkhuizen. The Wholesale and Retail Seta Leadership Chair (Gauteng), led by Dr Beate Stiehler-Mulder. The TETA 4IR Research Chair, overseen by Prof Noleen Pisa. The DHET-NRF SARChI Chair in Entrepreneurship Education, led by Prof Cecile Nieuwenhuizen. The DST/NRF South African Research Chair in Industrial Development, headed by Prof Fionna Tregenna. The DST/NRF/Newton Fund Trilateral Research Chair in Transformative Innovation, the Fourth Industrial Revolution (4IR), and Sustainable Development, directed by Prof Erika KraemerMbula. Research funding The CBE achieved remarkable growth in research funding, surpassing its set objectives with a notable increase from R28.9 million in 2022 to R34.77 million in 2023. The breakdown of the funding sources reveals a strategic diversification, with the National Research Foundation (NRF) Ms Chante van Tonder
College of Business and Economics | Annual Report 2023 15 hosted conferences and events, including a joint conference between UJ and the Italian Embassy. We also hosted Profs Bartosz Kurek and Ireneusz Górowski from Krakow University of Economics, Poland, which exemplifies this collaborative spirit. A total of 40 CBE students participated in the Africa-by-Bus initiative to Botswana, to be exposed to foreign markets, international businesses, and different African cultures and, secondly, to align their knowledge with the Free African Trade Policy. The Conference on Risk and Uncertainty in Finance and Economics (RUFE), held in Johannesburg from 4 to 7 April 2023, facilitated academic dialogue on financial engineering and risk assessment in collaboration with Bielefeld University in Germany. The 8th Annual Competition and Economic Regulation (ACER) week conference in Mauritius from 2 to 6 October 2023, organised by CCRED, addressed competition and regulatory issues, fostering discourse among scholars and industry experts. The Trilateral Chair concluded its involvement in the collaborative project ‘Making the Invisible Visible: Informal Innovation in South Africa’, aligned with UNDP Africa’s Strategic Offer (2022-2025) aiming to harness African communities’ innovation capabilities for their development. The research team, including Utrecht University, the University of Johannesburg, and the MIT Sloan School of Management, conducted a survey on informal innovation and entrepreneurship in South Africa. The Chair also hosted the 2023 AFRICALICS Visiting Fellows for a three-month study programme to participate in seminars, writing sessions and mentoring. They also extended a warm welcome to undergraduate students from the International Centre for Frugal Innovation in the Netherlands, providing them with an opportunity to explore the concept of frugal innovation. Participation in international workshops, the GLOBELICS International PhD Academy, conferences, Brown Bag sessions, Conversations with Authors, publication clinic and forums, virtual simulations, has provided students and researchers with invaluable opportunities to engage in global discussions and contribute to cutting-edge research areas. Dr Chukwuma Nnaji, a Diaspora Fellow from Texas A&M University, United States, who participated in the Immersive Technology and Graduate Mentorship workshop organised for our students, Dr Sichoongwe’s participation in the summer programme at Beijing International Studies University, and PhD student Niki Cattaneo’s membership in the UNCTAD Working Group on Data for Services Trade and Development Policies, are just a few examples. On 11 to 14 October 2023, the SARChI TRCTI Chair Prof Erika Kraemer-Mbula was a co-organising partner of the International Globelics Conference, in Thiruvananthapuram, Kerala, India. The conference theme was ‘Innovation-Driven Knowledge-Economies and Transformation in the Global South’, and it marked the 20th anniversary of the first Globelics international conference held in Rio de Janeiro in 2003. Community engagement projects It is CBE’s responsibility also to extend its expertise and resources beyond the lecture walls. Our staff and students are actively engaged in making a positive difference within the community. In the fight against food insecurity, the Food Evolution Research Laboratory (FERL) is involved with impactful projects like Jars and Pots of Hope for Mandela Day, and school feeding programmes. The Noodle Project is a crucial source of support for orphanages. We partnered with the South African Broadcasting Corporation to offer a comprehensive financial literacy project, equipping members of savings schemes (Stokvels) with financial skills. Furthermore, our online ‘Be Money Wise’ certificate programme and business clinics cater specifically to small- and medium-sized enterprises, guiding financial planning and business development strategies. Through the Bottle Cap Drive, the College actively contributed to acquiring a
College of Business and Economics | Annual Report 2023 16 wheelchair for a community member in need. The Department of Applied Information Systems, in partnership with the Faculty of Engineering, successfully organised an outreach event at the Osizweni Special School Hall in Leslie/Leandra, Mpumalanga. The Department of Accountancy proudly sponsors the South African Institute of Professional Accountants’ (SAIPA) Accounting and Maths Olympiad (NAMO). Additionally, the Department hosted its inaugural Annual Budget Day as part of its Mandela Day initiative for 2023, aiming to engage students on financial well-being and promote budgeting awareness. This effort was in collaboration with industry sponsors ABSA and PPS. Over 150 schools and 2 700 students from all nine South African provinces participated in the Finance and Investment Management Olympiad (FIMO) 2023, an initiative of the Department of Finance and Investment Management at the School of Management in CBE. This fully funded initiative Community Engagement: Digital Literacy Workshop Mandela Day: Helen Joseph Hospital grounds cleanup
College of Business and Economics | Annual Report 2023 17 aims to encourage Grade 10, 11, and 12 learners to explore their potential in the dynamic field of finance. ALUMNI AND STAKEHOLDER ENGAGEMENTS The CBE understands the importance of fostering lifelong connections with its alumni and engaging industry partners. This collaborative approach enriches the educational experience for students by providing them with real-world insights and fostering a strong support network. Throughout the year, CBE hosted various alumni events, such as the Accountancy@UJ CEO Networking Breakfast and the UJ Marketing Management Alumni Meetup. These events provided valuable platforms for alumni to reconnect, share their experiences, and offer support to current students. The STH Golden Circle Alumnus Award was presented to Paul Kelley (Managing Director at Hotel Sky), while Tshegofatso Stone, a passionate research crusader and culinary explorer, won the 2023 Rising Star Award. Alumni accomplishments were celebrated: Ms Khosi Hlongwane’s London Marathon run to support aspiring chartered accountants and Ms Patricia Stock’s historic appointment as SAICA’s first female CEO are just a few examples. Mr Senzo Ndlangamandla winning the 2023 SAICA Top 35-under-35 competition, Chris Vassiliades’ CGMA Culture Award and Mr Rowan Haai’s recognition as the 2023 IIASA Young Internal Auditor of the Year solidify the College’s reputation for producing exceptional graduates. CBE also extends its congratulations to alumni, Ms Thabisile Phumo and Ms Lebogang Letsoalo, who received UJ Council Dignitas Awards for their distinguished careers. TRANSFORMATION In 2023, the CBE made significant strides towards building a more diverse and inclusive leadership team, including the historic appointment of Prof Thea Tselepis as the first female ViceDean: Teaching and Learning. Through strategic appointments, we increased the representation of designated groups (black, Coloured, and Indian) from 21% to 47%, reflecting a more equitable leadership structure that better mirrors the demographics of South Africa. While the proportion of non-designated groups has decreased, they remain a valuable part of our diverse leadership landscape. Additionally, with 59% of our staff being women, CBE demonstrates a strong commitment to gender parity at all levels. Talent management and CBE’s prominent participation in development programmes like AAMP will strengthen the efforts Tshegofatso Stone and Paul Kelly, STH for a representative pool of leaders ready to take leadership. The College’s Decolonisation Committee launched its first newsletter and has been busy reaching out to different departments across the College to discuss its goals and initiatives. FACULTY GOVERNANCE AND RISK MANAGEMENT CBE has robust and well-functioning governance structures to ensure the academic integrity of critical decision making. Notwithstanding, all staff have a responsibility towards governance. This function is enhanced through the office of the Head: Quality Assurance. Several governance structures are in place to ensure academic oversight and programme quality. These committees comprise the College Leadership Team, Higher Degrees Committee, Teaching and Learning Committee, Research Ethics Committee, and Decolonisation Committee. Decisions are ratified
College of Business and Economics | Annual Report 2023 18 and taken at the Board of College, and further inputs are made at the Programme Working Committee meetings. CBE has a flexible risk management process with the risks revisited frequently and ways sought to mitigate potential or identified risks. RESOURCE AND FINANCIAL MANAGEMENT CBE manages its finances transparently and prudently. This is fundamental to long-term sustainability, together with our efforts to generate additional income and contribute to the University’s resources. CBE’s financial position remains stable, and the College has increased its contribution to the thirdstream income of the University. CBE is well-placed to still be able to invest in its strategic priorities, including helping students who are academically deserving but carry historic debt. ENVIRONMENTAL SUSTAINABILITY Our research, teaching, and community engagement contribute to achieving the UN SDGs. In addition to the research contribution mentioned in the research impact section, the Green Transport Short Learning Programme focuses on sustainable transportation practices, directly addressing SDG 11 (Sustainable Cities and Communities). The Drone Applications in 4IR Programme explores how this technology can be used to work towards SDGs like sustainable industry and climate action. SARChI Industrial Development researchers engage in discussions on climate-smart agriculture (SDG 2: Zero Hunger), green industrialization in Africa (SDG 9: Industry, Innovation, and Infrastructure), and technological solutions for a low-carbon world (SDG 13: Climate Action). Contributions such as that by Prof Uwizeyimana to the book, entitled Improving Public Policy for Sustainable Development Impact in the Digital Era, aid in building knowledge and capacity for achieving the SDGs. Furthermore, conferences, symposiums, and webinars focus on topics like low-carbon technologies, nutrition, well-being (SDG 3: Good Health and Well-being), and public policy, facilitating discussions and knowledge dissemination for achieving environmental sustainability objectives. Notably, MSc in Sustainability Management students recently won the Environmental, Social and Governance (ESG) Africa Student Innovation Competition, demonstrating their ability to translate sustainability principles into practical solutions. Additionally, Mr Milan van Wyk was announced as a panellist at the SAICA Climate Change Conference, where he contributed to discussions on climate action. Prof Erika Kraemer-Mbula participated in the expert group meeting for the High-Level Political Forum on Sustainable Development, particularly on the thematic review of SDG9 on Industry, Innovation, and Infrastructure. WAY FORWARD Building on a strong foundation, CBE embraces Nelson Mandela’s wisdom: the climb continues. We celebrate achievements with gratitude, acknowledging the many ‘hills to climb’ ahead. Our unwavering commitment to excellence and inclusivity guides us as we navigate future challenges and opportunities. We are steadfast in developing talented students from all backgrounds. Through strategic partnerships and dedicated efforts, we will dismantle financial barriers, ensuring equitable access to education. We aim to ignite students’ potential, fostering responsible individuals who can tackle future challenges and contribute meaningfully to a sustainable world. This includes fostering not only employability but also the entrepreneurial spirit, equipping them to create opportunities for themselves and others. In our pursuit of excellence, we recognise the value of fostering international partnerships, forging exchange agreements with world-class institutions, and facilitating student participation in global exchange programmes. Through these initiatives, we endeavour to broaden our students’ horizons and instil in them a global perspective. We will integrate the themes of emerging technologies and SDGs into our academic initiatives and research, aiming for measurable societal impact while exploring automation opportunities within the College to streamline administrative processes and improve efficiency. Leveraging upon the expertise of our skilled staff, we are committed to enriching the world by converting knowledge into accessible formats for societal consumption through active engagement with the media and opinion pieces. In the pursuit of excellence, we are dedicated to keeping our high-performance staff while attracting top talent through diligent recruitment efforts. Furthermore, we recognise the importance of nurturing strong partnerships and engaging with our stakeholders and alumni. By fostering a sense of belonging and community, we aim to harness the collective wisdom and talent of our extended network to fuel our continued growth and success.
“EDUCATION IS THE MOST POWERFUL WEAPON WHICH YOU CAN USE TO CHANGE THE WORLD” NELSON MANDELA “THE FUNCTION OF EDUCATION IS TO TEACH ONE TO THINK INTENSIVELY AND CRITICALLY. INTELLIGENCE PLUS CHARACTER - THAT IS THE GOAL OF TRUE EDUCATION.” MARTIN LUTHER KING
College of Business and Economics | Annual Report 2023 20 OVERVIEW The 2023 academic year may be described as anything but subdued. The renewed energy that permeated the academic environment was evident in the re-emergence of a campus culture that invigorated both staff and students. Notwithstanding the long-term disruptive effects of the COVID-19 pandemic, 2023 represented an unambiguous and much-welcomed shift away from the darkness and isolation associated with the previous two to three years. Indeed, the South African economy remained sluggish against the backdrop of a stagnant global economy and heightening geopolitical uncertainty. Students had to contend with a high cost of living, exorbitant interest rates, growing debt intensified load shedding and water crises, just some of the key factors that deepened inequality and pushed many into greater economic hardship. Notwithstanding these challenges, the CBE remained committed to enriching student life and creating an environment that enables effective teaching and learning. Effective teaching and learning results in the kind of empowerment that is critical for sustainable human development. Student experience and performance lies at the heart of the CBE’s academic mission. The Undergraduate Experience Survey Report (UGES) of 2023, identified various areas of undergraduate students’ experience of teaching and learning at UJ. The CBE accounted for a sizable 4 215 participated in the survey, which accounted for 27,1% of the total responses. A faculty breakdown of the Report revealed an overall satisfaction rate of 89.2%. this overall satisfaction rate compares to the UJ satisfaction rate of 88,3%. CBE undergraduate (UG) fourth- year students had the highest satisfaction rate at 92,7%, followed by the satisfaction of firstyear students at 90,2%. When it came to student performance, the CBE viewed the 2022 decline, reflected across several key indicators, in a very serious light. Various engagements were organised at College level with key stakeholders aimed at identifying measures to improve student performance in 2023. Several measures were adopted by schools and departments, with variations in nature and scope. These included additional tutorials for support and revision; specific actions to identify at-risk students after assessments; workshops for staff and students; study skills workshops with ADC; assessment-related amendments in terms of model, mix and design; special governance and control measures; management of student workload; monitoring and management of class attendance; revised pedagogical strategies aimed at encouraging greater student interaction; use of alternative online platforms for student engagement; and revision classes. A special workshop on student performance was held on 17 August 2023 with view to developing a CBE Student Performance Strategy. The efforts of the CBE already started to bear fruit with an improvement of close to 4% in the UG module success rates (MSR) in the first semester Prof Thea Tselepis Vice Dean (Incoming): Teaching and Learning College of Business and Economics Prof Sivan Chetty Vice Dean (Outgoing): Teaching and Learning College of Business and Economics TEACHING AND LEARNING
College of Business and Economics | Annual Report 2023 21 compared to the same period of 2022. By the end of 2023 the MSR stood at 87,9% compared to 83,9% in 2022 and 85,2% in 2019 (pre-COVID). Student experience and performance are dynamically associated with an ever-evolving teaching and learning environment. A vibrant teaching and learning environment requires critical reflection, revitalisation based on new developments, scholarship and ongoing innovation. To this end, the following multiple activities occurred across the CBE: Opportunities for conversation and development were provided through ten teaching and learning workshops during 2023 covering a range of topics, hosted by the Vice-Dean: Teaching and Learning. This was over and above workshops organised at school/department level. According to the 2023 CBE Curriculum Reform Report (CRR), the cumulative total of academic initiatives indicated by schools and departments to be advancing 4IR (2019-23) was 40, with 19 new initiatives for 2023. The Report also indicates a total of 24 teaching and learning initiatives that use technological innovation. A Teaching and Learning Innovation Segment at College Board meetings was created for staff members to present their teaching and learning innovations. The 2023 CRR indicates a cumulative number of 22 academic initiatives reported to be advancing SDGs (2019-23), with 11 new initiatives for 2023. Given the importance of continuing education programmes (CEPs), CBE schools and departments reported in the 2023 CRR, a cumulative total of 22 CEPs on 4IR (2019-23) with 15 for 2023. They also reported a cumulative total of 13 CEPS advancing SDGs, with 10 for 2023. Scholarship of teaching and learning (SoTL) is encouraged at CBE Career Strategy events, the CBE Teaching and Learning Innovation CoP, through teaching portfolio reviews and at Teaching and Learning Committee meetings. Owing to the fluidity of the teaching and learning environment, it is imperative that good governance is in place to ensure quality and credibility of the CBE academic project. The CBE relies on relevant institutional policies, processes and strategies relating to teaching, learning and assessment. It has also over time, developed College-specific policies, processes, and strategies. 2023 saw the development and approval of the following policies, practice notes and strategies: CBE Position and Guidelines on Generative AI CBE Practice Note for Continuous Assessments CBE Student Performance Strategy (developed in 2023 and approved at the BoC meeting of January 2024) CBE Assessment Improvement Plan (developed in 2023 and approved at the BoC meeting of January 2024) Dr Isolde Ward Multilingual Virtual Assistant developers: Dr Nicole Cunningham
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