We implement a recursive out-of-sample method to examine anomalies-based ex-ante predictability in the cross-section of stock returns. We obtain a series of simulated out-of-sample returns, consistent with investors using only prior information when choosing predictor variables. We find that, by...

This paper presents a detailed empirical examination of the South African equity premium; and a quantitative theoretic exercise to test the canonical inter-temporal consumption-based asset-pricing model under power utility. Over the long run, the South African stock market produced average...

We implement a recursive out-of-sample method to examine anomalies-based ex-ante predictability in the cross-section of stock returns. We obtain a series of simulated out-of-sample returns, consistent with investors using only prior information when choosing predictor variables. We find that, by...

This paper presents a detailed empirical examination of the South African equity premium; and a quantitative theoretic exercise to test the canonical inter-temporal consumption-based asset-pricing model under power utility. Over the long run, the South African stock market produced average...

Alan Cobley (1990: 3) has argued that no sustained interest was taken in the subject of class in South Africa until the arrival of a generation of radical historians in the 1970s, and then the focus of concern was largely with the origins and development of a black working class in whose...

Volunteers are people who supply labour for the production of goods and services, for the benefit of others. Volunteer work is of significance in a time when social safety nets are weak and there are ever increasing demands on welfare organisations. The question is, who are these good...