A survey of capital budgeting techniques used by listed mining companies in South Africa

@article{Maroyi2012ASO,
  title={A survey of capital budgeting techniques used by listed mining companies in South Africa},
  author={V. Maroyi and H. M. V. D. Poll},
  journal={African Journal of Business Management},
  year={2012},
  volume={6},
  pages={9279-9292}
}
Capital budgeting is crucial in the maximisation of shareholder value as it depends on the capital budgeting decisions made by the managers. The capital budgeting techniques used by South African mines listed on the Johannesburg Securities Exchange (JSE) and the reasons behind their use were investigated. Questionnaires were conducted during the period of March to May 2011 to gather data. The results also indicated that the net present value (NPV) (69%), the internal rate of return (IRR) (46… Expand
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