The perception of Johannesburg stock exchange listed and unlisted companies relating to the wireless open access network policy direction

Abstract

The study investigates the perception of executives in the Johannesburg Stock Exchange listed and unlisted companies regarding the Wireless Open Access Network (WOAN) policy direction released in the year 2019. Since South Africa has a heavy reliance on foreign direct investment, the lack of investor confidence regarding the WOAN policy could affect future investment. The investigation intended to establish the depth of executives’ understanding the WOAN policy. The study also uncovers the perceived impact of this policy at decision-making level, where organisational growth strategies are discussed. Similarly, executives expressed a level of interest in championing the WOAN policy-aligned objectives. The purpose of the study was to facilitate a balance between implementing a new policy and securing buy-in from investors. When considering the COVID 19 pandemic and the relationship between connectivity and economic growth, the pandemic escalates the need for connectivity. The research followed a qualitative research methodology, to establish the relationship between executives’ perception of WOAN policy and investor confidence. Eight respondents from BCX, Broll Property Group, Volvo South Africa, South African Women in Television Arts, Sanlam Group, Khulasizwe (a subsidiary of Barloworld), BHP Group and VM-Ware participated in the study. Decision-makers from the listed organisations were selected for interviews using a non-probability convenience sampling method. The data analysis process was based on measuring and analysing data collected from the open-ended questionnaire. The results indicated a majority of support for the WOAN policy direction and the objectives of creating inclusivity for Small Medium Enterprises (SME) in the telecommunications industry. In addition, executives would support initiatives presented by SME’s that participate in the WOAN. Similarly, some executives provided examples of initiatives that can be adopted to support the WOAN policy direction objectives. It is concluded that the WOAN policy communication media do not reach a wider audience. Accordingly, policy makers are expected to implement this policy diligently and in consultation with decision-makers of organisations that are directly or indirectly affected. Executives believe that connectivity is critical and successful implementation of the WOAN will guide how growth strategies are implemented, in the best interests of overall economic growth.

To cite: Mqutheni, S. & Pillay, S.A. (2021). The perception of Johannesburg stock exchange listed and unlisted companies relating to the wireless open access network policy direction. Journal of Management and Administration (2021), 35–57.

DOI: 10.5281/zenodo.7606275