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The objectives of this article is to identify, define and describe the selected folktale theories that are prevalent in the narrative prose analysis. They are suitable in the analysis of myths, fables, legends, fairy and tall tales. This is a form of narrative that is regarded as a fiction. Folktale provides on opportunity for artistic creativity and actualisation of plot structure, images and dramatic delivery. The variation, innovation and imagination on the part of the performers are evident. The morphological analysis based on Propp’smodel, identifies functions and sequences. The structural analysis of Dunde’s model, emphasizes motifemes and their variation all motifs. The semantic analysis of Scheub’smodel identifies refrains, core-images and linking techniques. The thematic analysis of Levi-Strauss concentrates on the syntagmatic opposition to reveal structure, and meaning. Lastly the Thwala model of plot structure or phrasaldemarcation highlights six phases and their content. The descriptive and explanationresearches are adopted for thisresearch work.

I. Introduction ...1
II. Research methodology and theoretical underpinning ...1
III. The Theory of Vladimir Propp ...2
IV. The theory of Alan Dundes ...2
V. The Theory of Axel Olrik ...3
VI. The theory of Claude Levi-Strauss ...3
VII. The theory of Harold Scheub ...4
VIII. The theory of Jozi Joseph Thwala ...4
IX. Conclusion ...5
References ...5