Investors can benefit when incorporating the information-signalling effect of share repurchases in their investment strategies. Previous South African studies on open market share repurchases confirmed the globally observed signalling-effect, but found open market share repurchases not to be the...

An analysis procedure is developed to explore the robustness and overall productivity of reservoir management under plausible assumptions about climate fluctuation and change. Results are presented based on a stylized version of a multi-use reservoir management model adapted from Angat Dam,...

This paper investigates to what extent superior returns can be obtained from a market timing investment strategy on the Johannesburg Stock Exchange that makes use of derivative instruments. Traditional timing approaches, where timed switches are made between risky equities and risk-free cash,...