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1
Mhlongo, Sphiwe Emmanuel, and George Oluwole Akintola. "Artisanal and small-scale mining activities as post-mining land use in abandoned mine sites: a case of Giyani and Musina areas, Limpopo Province of South Africa." Journal of Degraded and Mining Lands Management 8, no. 3 (April 1, 2021): 2815–27. http://dx.doi.org/10.15243/jdmlm.2021.083.2815.
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South Africa has many artisanal and small-scale mining (ASM) activities that some are registered and others informal and illegal. This paper presents an overview of ASM operations in the vicinity of abandoned mine sites found in Giyani and Musina areas, Limpopo Provine of South Africa. It looks at the mining processes, environmental problems, and health and safety risks of ASM in the area. It also provideds a discussion of practical ways of dealing with the problems of artisanal and small-scale mining operations in a harmonized way with the rehabilitation of the abandoned mine sites. The exploitation of waste rock dumps for aggregate production in Musina demonstrated that formalized ASM activities can be the best alternative uses of the abandoned mine sites. However, artisanal gold mining around Giyani revealed the health and safety risks and environmental problems of these operations. The artisanal gold mining activities worsened the health and safety and the environmental problems of the abandoned mine sites. Therefore, this paper recommends that the efforts of coming up with strategies to formalize and regulate artisanal mining in South Africa be deepened for these activities to be accepteble as sustainable as post-mining land-uses in abandoned mines.
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Cant, Michael Colin, Johannes Arnoldus Wiid, and Yu-ting Hung. "Small business owners’ perceptions of business ethics and employee theft in the small business sector of South Africa." Corporate Ownership and Control 10, no. 4 (2013): 237–47. http://dx.doi.org/10.22495/cocv10i4c2art1.
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Cant and Ligthelm (2003:1) estimate that 70-80% of SMEs fail. One of the challenges that have been identified as contributing to the high failure rate of SMEs in South Africa is employee theft, which constitutes as a ‘crime’. The research study investigates small business owners’ perception of business ethics and employee theft in the small business sector of South Africa. The objective of this paper is to determine the ethical behaviour of business owners, explore the ethical dilemmas that small businesses are facing, establish the concern and impact of theft in the workplace, and the influence of loyalty on the matter. A questionnaire was constructed and random sampling was used to gather the responses of 38 small business owners. The research identified a strong positive linear relationship between the concern for ethical dilemmas/misconduct and employee theft in the workplace. The challenge now is to further the decrease of employee theft in small businesses in South Africa to ensure their success, as they play a vital role in the South African economy
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Kirby, David. "Small Firms in the Economy of South Africa." International Small Business Journal: Researching Entrepreneurship 4, no. 2 (January 1986): 36–48. http://dx.doi.org/10.1177/026624268500400203.
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kirsten, Marié, and Christian M. Rogerson. "Tourism, business linkages and small enterprise development in South Africa." Development Southern Africa 19, no. 1 (March 2002): 29–59. http://dx.doi.org/10.1080/03768350220123882.
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Masutha, Mukhove, and Christian M. Rogerson. "Small enterprise development in South Africa: The role of business incubators." Bulletin of Geography. Socio-economic Series 26, no. 26 (December 1, 2014): 141–55. http://dx.doi.org/10.2478/bog-2014-0050.
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Abstract Business incubation is a relatively new phenomenon in scholarship and policy development for small enterprise development. Business incubators offer targeted business support and technical support services to accelerate the growth of emerging and small start-up business enterprises into financially and operationally independent enterprises. South Africa has adopted business incubation as one vehicle for upgrading the SMME economy. This article examines the evolution of policy towards business incubation, current progress, institutional issues and emerging geographies of business incubators as part of the unfolding and dynamic SMME policy landscape in South Africa. Considerable differences are observed between the activities of the network of state-supported incubators as opposed to private sector operated incubators.
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Phillips, Bruce. "Equalizing Opportunity through Small Business Development: A South African Perspective." Review of Black Political Economy 22, no. 2 (December 1993): 141–50. http://dx.doi.org/10.1007/bf02689947.
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The active development of the small firm sector is thought to present a vehicle highly appropriate to the task of equalizing opportunity in a very unequal society—the developing country of South Africa. This article seeks to evaluate the merits of the above assumption. It calls for a closer understanding of the unique difficulties encountered by a minority business group that has experienced a long history of prejudice and discrimination, namely the black, essentially small business sector of South Africa. The author calls for careful appraisal of available development initiatives in order to effectively serve the interests of this group.
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Ahwireng-Obeng, F., and O. O. Egunjobi. "Performance determinants of large-small business strategic alliances in South Africa." South African Journal of Business Management 32, no. 3 (September 30, 2001): 41–51. http://dx.doi.org/10.4102/sajbm.v32i3.724.
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The literature suggests that the success of strategic alliances between large and small firms is influenced by four broad factors: motivational, cultural and resource capability synergies; shared commitments, goals and roles; participative planning, operationalisation and administration; and regular open communications. This study suggests that even though mismatches and incongruencies may be evident, the alliance formation and endurance are influenced by two other factors: largely similar perceptions by both groups regarding the alliance’s performance determinants; and a strong expectation by the large firm group of high future net benefits from aligning with small firms. Performance is, invariably, contingent upon implementing a number of ‘pre-emptive’ steps during the course of the alliance.
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Smulders, Sharon, and Gelishan Naidoo. "Addressing the small business tax compliance burden: Evidence from South Africa." Journal of Economic and Financial Sciences 6, no. 1 (April 30, 2013): 33–54. http://dx.doi.org/10.4102/jef.v6i1.275.
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Small businesses have the potential to grow the economy, generate jobs and reduce poverty, but they face many constraints including high tax compliance costs and burdens. A comparison of the findings and recommendations made in small business tax compliance cost studies conducted in South Africa with initiatives introduced by the South African Revenue Service (SARS), substantiated by consultations with a SARS and a South African Institute of Chartered Accountants official, reveals that SARS has, in most cases, attempted to address the tax compliance burdens identified in these studies. However, SARS has only partially addressed the complexity of the tax law, the lack of software to assist small businesses with their record-keeping and the compliance burden associated with provisional tax. SARS has failed to address the need for a threshold below which no small business tax return is required to be submitted, the inclusion of tax in the school syllabus, the requirement for first-time offenders to attend courses instead of raising penalties and the need for a reduction in the rates of interest and penalties raised by SARS. These initiatives should be considered by SARS and it is recommended that further research into the success and effectiveness of all the initiatives already introduced by SARS be performed.
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Smulders, Sharon, and Gelishan Naidoo. "Addressing the small business tax compliance burden: Evidence from South Africa." Journal of Economic and Financial Sciences 6, no. 2 (July 31, 2013): 263–84. http://dx.doi.org/10.4102/jef.v6i2.260.
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Small businesses have the potential to grow the economy, generate jobs and reduce poverty, but they face many constraints including high tax compliance costs and burdens. A comparison of the findings and recommendations made in small business tax compliance cost studies conducted in South Africa with initiatives introduced by the South African Revenue Service (SARS), substantiated by consultations with a SARS and a South African Institute of Chartered Accountants official, reveals that SARS has, in most cases, attempted to address the tax compliance burdens identified in these studies. However, SARS has only partially addressed the complexity of the tax law, the lack of software to assist small businesses with their record-keeping and the compliance burden associated with provisional tax. SARS has failed to address the need for a threshold below which no small business tax return is required to be submitted, the inclusion of tax in the school syllabus, the requirement for first-time offenders to attend courses instead of raising penalties and the need for a reduction in the rates of interest and penalties raised by SARS. These initiatives should be considered by SARS and it is recommended that further research into the success and effectiveness of all the initiatives already introduced by SARS be performed.
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Chao, Li-Wei, Mark Pauly, Helena Szrek, Nuno Sousa Pereira, Frances Bundred, Catherine Cross, and Jeff Gow. "Poor Health Kills Small Business: Illness And Microenterprises In South Africa." Health Affairs 26, no. 2 (March 2007): 474–82. http://dx.doi.org/10.1377/hlthaff.26.2.474.
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Litheko, Alpheaus. "Small Tourism Business Growth Through Eco-tourism in Mahikeng, South Africa." African Journal of Hospitality, Tourism and Leisure 10(1), no. 10(1) (February 28, 2021): 256–69. http://dx.doi.org/10.46222/ajhtl.19770720-100.
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Small business enterprises are renowned worldwide as vehicles for economic growth and development. The small business sector in South Africa has encountered numerous obstacles and government agencies responsible for their development have come across challenges, and as a result, they have not been able to adequately develop a large number of small businesses. Product diversification is one of the growth strategies that can be developed by small tourism businesses to break into new markets and off-set the challenges associated with one sub-sector of tourism. The primary objective is to determine the business support required by small tourism businesses to enter and participate in the eco-tourism sector. A non-probability judgemental sampling method was used to identify participants. In-depth face-to-face interviews were utilised to collect data from small tourism businesses located in Mahikeng, South Africa. There are many limitations that hinder the sustainable development and growth of small tourism businesses in Mahikeng, and for government to implement a series of growth reforms they firstly need to gather information on those factors that impede small tourism business’ sustainable development. The findings of the study can be utilised to inform policy-making processes, and its recommendations can contribute towards strategy development that provides assistance intended for small tourism businesses to enter and participate in the eco-tourism market.
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Agbobli, Edem Korku, Olabanji Oni, and Olawale Fatoki. "Market Orientation and Performance of Small Businesses in South Africa." Journal of Economics and Behavioral Studies 9, no. 5(J) (October 20, 2017): 135–43. http://dx.doi.org/10.22610/jebs.v9i5(j).1915.
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The study focused on identifying the relationship between market orientation and performance of small businesses in Vryburg region of South Africa. It aimed to achieve the following objectives, (1) To determine the level of market orientation among small businesses in Vryburg region of South Africa, (2) To establish if there is any relationship between market orientation and performance of small businesses in Vryburg region of South Africa. The study was exploratory in nature and utilised the quantitative research method with a descriptive research design. 268 questionnaires were distributed to small businesses owners/managers in the Vryburg region of South Africa. 207 questionnaires were returned, 9 questionnaires out of the 207 returned were incorrectly filled. Simple random sampling, a probability sampling technique was used in the study. Data analysis included descriptive statistics, correlation and regression analysis. The Cronbach’s Alpha co-efficient was used to measure reliability. The findings revealed that the majority of small businesses in Vryburg region of South Africa are market oriented. The findings further show that there is a positive relationship between market orientation and the performance of small business in the Vrburg region of South Africa. The study proposed the formalisation of small businesses, the development of strategic cultures as well as entrepreneurship and business management training for small business owners and managers.
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Agbobli, Edem Korku, Olabanji Oni, and Olawale Fatoki. "Market Orientation and Performance of Small Businesses in South Africa." Journal of Economics and Behavioral Studies 9, no. 5 (October 20, 2017): 135. http://dx.doi.org/10.22610/jebs.v9i5.1915.
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The study focused on identifying the relationship between market orientation and performance of small businesses in Vryburg region of South Africa. It aimed to achieve the following objectives, (1) To determine the level of market orientation among small businesses in Vryburg region of South Africa, (2) To establish if there is any relationship between market orientation and performance of small businesses in Vryburg region of South Africa. The study was exploratory in nature and utilised the quantitative research method with a descriptive research design. 268 questionnaires were distributed to small businesses owners/managers in the Vryburg region of South Africa. 207 questionnaires were returned, 9 questionnaires out of the 207 returned were incorrectly filled. Simple random sampling, a probability sampling technique was used in the study. Data analysis included descriptive statistics, correlation and regression analysis. The Cronbach’s Alpha co-efficient was used to measure reliability. The findings revealed that the majority of small businesses in Vryburg region of South Africa are market oriented. The findings further show that there is a positive relationship between market orientation and the performance of small business in the Vrburg region of South Africa. The study proposed the formalisation of small businesses, the development of strategic cultures as well as entrepreneurship and business management training for small business owners and managers.
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Ford, J. C., and M. Lurie. "Budgeting in small manufacturing firms in South Africa." South African Journal of Business Management 20, no. 2 (June 30, 1989): 57–69. http://dx.doi.org/10.4102/sajbm.v20i2.942.
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This paper reports on a general investigation into budgeting in small manufacturing firms in South Africa. The study was undertaken using 18 semi-formal interviews and 175 questionnaires addressed to the Chief Executive Officers (CEOs) of small manufacturing firms in six industry sectors in the greater Johannesburg region. The 63 usable responses (a response rate of 36%) were analysed using the SAS statistical package. Several results and conclusions were reached. A wide range of budgetary processes and procedures are used by small manufacturing firms. Budgeting is short-term, informal, simple and flexible, and is considered an essential element of management. There is room for much improvement in certain areas of budgeting. Although accounting reports are perceived to be adequate, CEOs may lack the necessary knowledge to develop more effective reporting systems. The degree of budgeting used is probably influenced by the nature of the business, and the background and training of the CEO. CEOs are completely involved in budgeting, but there is little participation by managers and staff. The major benefits of budgeting are perceived to be its use in planning and control, particularly of cash, and the major problems relate to the uncertainty of future conditions.
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Moyo, Busani. "Crime, security and firm performance in South Africa." Corporate Ownership and Control 9, no. 4-2 (2012): 241–52. http://dx.doi.org/10.22495/cocv9i4c2art5.
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We use cross sectional data from the World Bank enterprise surveys gathered in 2007 in South Africa’s four cities (Johannesburg, Cape Town, Durban and Port Elizabeth) to assess the impact of business related crimes on firm performance proxied using firm sales. Using Ordinary Least Squares (OLS) and Tobit model, we find that crime in the form of theft, robbery, arson and vandalism has a negative effect on sales and hence firm performance. However the impact of domestic shipment crime is mixed and varies from city to city depending on the magnitude of losses incurred by firms in each city. Results also show that crime is regressive in nature because crime related losses are relatively higher among small firms than large firms. The prevalence of crime amongst small firms and its negative effect on firm performance suggest the need for government and the business community to come together and develop security systems that are effective and affordable to small businesses. This is because, supporting small businesses is important for growth and employment creation
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Ward, Graham Bernard, and Chris Adendorff. "Entrepreneurship in South Africa." Journal of Media Management and Entrepreneurship 2, no. 1 (January 2020): 70–85. http://dx.doi.org/10.4018/jmme.2020010105.
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The purpose of this study is to contribute to the promotion and development of entrepreneurship in South Africa. The objective was to develop and test a model which could be used in the development and training of entrepreneurs. Officially, 27.7% of South Africans are unemployed. This is especially important in that, the South African economy is battling to recover from the world economic crisis of 2009/10, putting pressure on government to alleviate growing unemployment and curtail social unrest. The study comprised of a literature review as to how globally entrepreneurs are developed, culminating in the perceived success factors for entrepreneurship. These factors were then tested on small business owners operating in South Africa. The authors argue that, in order to successfully develop entrepreneurs: 1) 99% of entrepreneurs will need to have the required socio-emotional skills; 2) 99% of entrepreneurs will require mentorship; and 3) 95% of entrepreneurs will require access to start-up capital.
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Adeacute le, Bezuidenhout, and Lazarus Nenungwi Avhatakali. "A competency framework for the small business sector in Johannesburg South Africa." African Journal of Business Management 6, no. 47 (November 28, 2012): 11658–69. http://dx.doi.org/10.5897/ajbm12.725.
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Nieman, Gideon. "Training entrepreneurs and small business enterprises in South Africa: a situational analysis." Education + Training 43, no. 8/9 (December 2001): 445–50. http://dx.doi.org/10.1108/00400910110411639.
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Scheers, Louise Van, and Simon Radipere. "Perceptions of small business owners on managerial skills: problems in business development in South Africa." World Review of Science, Technology and Sustainable Development 2, no. 3/4 (2005): 336. http://dx.doi.org/10.1504/wrstsd.2005.007692.
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Madzimure, Jeremiah, and Lebereko Phillip Tau. "CHALLENGES FACING SMALL TO MEDIUM ENTERPRISES IN METSIMAHOLO MUNICIPALITY, SOUTH AFRICA." EURASIAN JOURNAL OF SOCIAL SCIENCES 9, no. 1 (2021): 14–23. http://dx.doi.org/10.15604/ejss.2021.09.01.002.
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In South Africa, the failure rate of Small to Medium Enterprises (SMEs) amounts to 75% in an estimated interval of 42 months of operation. The purpose of this study is to determine the challenges facing SMEs in Metsimaholo municipality, Free State province of South Africa. Quantitative data was acquired from 102 Metsimaholo SME owners or their representatives, utilizing questionnaires which were completed, returned, and analyzed using Statistical Package for the Social Sciences (SPSS) version 26.0 software. It was then established that economic factors have realistic control on the sustainability of SMEs. In addition, further development of SMEs is restrained by competition from immigrant businesses, transportation of inventory, inadequate management skills, substandard marketing, miserable manipulation of financial activities and business, unreachable loans. Notwithstanding the afore-said outcome, SMEs must carefully look at obtaining business skills coaching and support, enlarge or vary the range of products, put back any profits made by a business into it in order to make it more successful. Cooperation amongst SMEs would be a strategy for them to challenge rivalry. Therefore, SMEs will bargain from transportation of goods bought in large quantities for a unit price that is lower than usual.
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Sephapo, Catherine Mpolokeng, Johannes Arnoldus Wiid, and Michael Colin Cant. "The perception of sponsorship usefulness among South African small business owners." Corporate Ownership and Control 11, no. 4 (2014): 475–88. http://dx.doi.org/10.22495/cocv11i4c5p6.
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Sponsorship is a powerful marketing tool that organisations in South Africa are embracing. From the evaluation of the sponsorship growth over the years, the industry in South Africa has developed from a R63 million industry in 1985 to the value of just under R7 billion in 2011 (City Press, 2012). Small businesses in South Africa are faced with the challenge of effectively reaching target segments. These small businesses are restricted in terms of limited marketing budgets and therefore need alternative ways of improving their brands in the eyes of the consumer. Theoretically, sponsorship is considered to improve the brand image of an organisation and ultimately improve sales. However, the question that this study aims to answer is whether small business owners perceive sponsorship to be a useful tool that even they can utilise. The study made use of a quantitative approach whereby a web-based questionnaire was distributed to small business owners. The findings indicated that the general attitude towards sponsorship as a marketing tool is positive. The correlation between sponsor sincerity and sponsorship usefulness was found positive; however, average in strength. Although sponsorship is seen as a useful tool, 15.4% of the respondents indicated that they would not consider using this marketing tool. This response may provide an opportunity for further research to be conducted which may shed some light on the strategies small business owners perceive to be most effective for their unique circumstances
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Fatoki, Olawale. "An investigation into the personal values of small business owners in South Africa." Corporate Ownership and Control 12, no. 2 (2015): 610–14. http://dx.doi.org/10.22495/cocv12i2c6p4.
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The study investigated the personal values of small business owners in South Africa. In addition, the study examined if male and female small business owners exhibit significant differences in their personal values. The study employed the descriptive research design. Data was collected through the use of self-administered questionnaire in a survey. The study used the Schwartz Portrait Value Questionnaire. Descriptive statistics and the T-test were used for data analysis. The results indicated that self-direction, achievement, stimulation, power and security are the five most important personal values for small business owners. The results indicate that male small business owners give greater weight to self-direction, stimulation, achievement, hedonism and power. Female small business owners give greater weight to universalism, conformity, tradition, benevolence, and security
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Solomon, Goosain, Michael Frese, Christian Friedrich, and Matthias Glaub. "Can Personal Initiative Training Improve Small Business Success?" International Journal of Entrepreneurship and Innovation 14, no. 4 (November 2013): 255–68. http://dx.doi.org/10.5367/ijei.2013.0129.
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High levels of personal initiative will be required to unlock the potential offered by the many untapped resources in Africa in terms of business opportunities. Significant resources are ploughed into the development of the small business sector by governments in Africa, particularly in South Africa. However, there is little evidence that these efforts are sufficiently effective to produce the desired results. Two issues are addressed in this article: (a) whether or not enhancing the personal initiative of owner-managers improves the performance of small businesses, and (b) the moderation of the content and effectiveness of a short training intervention by means of a longitudinal evaluation study, including a control group. The findings show an increase in the training group's business activities and performance, and also identify the varied contributions of the components of the training.
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Hodnett, Kathleen, Heng-Hsing Hsieh, and Paul Van Rensburg. "Nonlinearities In Stock Return Prediction: Evidence From South Africa." Journal of Applied Business Research (JABR) 28, no. 6 (October 25, 2012): 1253. http://dx.doi.org/10.19030/jabr.v28i6.7341.
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<span style="font-family: Times New Roman; font-size: small;"> </span><p style="margin: 0in 35.7pt 0pt 0.5in; text-align: justify; mso-layout-grid-align: none; mso-outline-level: 1;" class="MsoNormal"><span style="font-family: Times New Roman;"><span style="color: black; font-size: 10pt; mso-themecolor: text1; mso-fareast-language: ZH-HK;">This research investigates the relationship between firm-specific style attributes and the cross-section of equity returns on the JSE Securities Exchange (JSE) over the period from 1 January 1997 to 31 December 2007. Both linear and nonlinear stock selection models are constructed based on the cross-section of equity returns with firm-specific attributes as model inputs.</span><span style="color: black; mso-themecolor: text1; mso-fareast-language: ZH-HK;"><span style="font-size: small;"> </span></span><span style="color: black; font-size: 10pt; mso-themecolor: text1; mso-fareast-language: ZH-HK;">Both linear and nonlinear models identify book-value-to-price and cash flow-to-price as significant styles attributes that distinguish near-term future share returns on the JSE.</span><span style="color: black; mso-themecolor: text1; mso-fareast-language: ZH-HK;"><span style="font-size: small;"> </span></span><span style="color: black; font-size: 10pt; mso-themecolor: text1; mso-fareast-language: ZH-HK;">The risk-adjusted performance of the nonlinear models is found to be comparable with that of linear models.</span><span style="color: black; mso-themecolor: text1; mso-fareast-language: ZH-HK;"><span style="font-size: small;"> </span></span><span style="color: black; font-size: 10pt; mso-themecolor: text1; mso-fareast-language: ZH-HK;">In terms of artificial neural network modeling, the extended Kalman filter learning rule is found to outperform the traditional backpropagation approach. This finding is consistent with our prior findings on global stock selection.</span></span></p><span style="font-family: Times New Roman; font-size: small;"> </span>
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Isaacs, Eslyn B. H., and Christian Friedrich. "Family Business Succession: Founders from Disadvantaged Communities in South Africa." Industry and Higher Education 25, no. 4 (August 2011): 277–87. http://dx.doi.org/10.5367/ihe.2011.0049.
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It is estimated that 50–70% of all South African businesses are family-owned and that these businesses form the backbone of the South African economy, their qualities providing stability and resilience in the changing society of the nation. Succession is one of the biggest challenges for family business owners. Research shows that only 33% of all family businesses progress from the first to the second generation and only 16% progress to the third generation. This is because in many small and medium-sized family businesses there is no formal succession plan and no appropriate governance structures are in place. Matters may also be complicated by destructive conflicts, with more than one family member believing that he or she is best equipped to take over as leader. In most developed countries family business research is receiving the same attention as, for example, entrepreneurship, but in South Africa neither topic has yet come of age. Of the 23 registered universities and technical universities in South Africa, only one offers a full semester-based module on family business, while four of the other institutions offer around two credit modules, of which succession is a small part. It is clear from the investigation reported here that unless the topic of succession receives more attention unclear succession plans, incompetence and/or lack of preparedness of successors and family rivalries will continue to result in unsuccessful successions and business failures.
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Radipere, Simon. "Entrepreneurial Orientation: A Case Of Gauteng Province, South Africa." Foundations of Management 7, no. 1 (June 1, 2015): 169–84. http://dx.doi.org/10.1515/fman-2015-0034.
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Abstract The relationship between entrepreneurial orientation and business performance using 500 small- and medium-sized enterprises (SMEs) in Gauteng province, South Africa was tested. Questionnaire was used to collect data from 500 SME owners. The findings from the survey among 500 SME owners were modelled through a categorical regression model with business performance as dependent variable. The level of significance of the 8 variables out of 12 variables suggests that entrepreneurial orientation be classified as the strongest predictor of business performance. The ability to adjust one’s business model to adapt to changed economic circumstances is an important thing as it dictates performance in increasingly competitive economic environment.
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van Scheers, Louise, and Khathutshelo Mercy Makhitha. "Are Small and Medium Enterprises (SMEs) Planning for Strategic Marketing in South Africa?" Foundations of Management 8, no. 1 (January 1, 2016): 243–50. http://dx.doi.org/10.1515/fman-2016-0019.
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Abstract Substantial evidence shows that strategic marketing planning leads to increased small business performance, yet most small business owners do not draw up a plan for their businesses. This paper presents the results of a secondary research survey on strategic marketing planning of SMEs in South Africa. They indicate that while the higher performing SMEs give a higher priority to marketing than to other business functions, they are still sales- or production-oriented. The higher performing SMEs are more aware of strategic planning tools. They compete with value-added products and good buyer-seller relationships. The findings suggest that broad, small business marketing principles to some extent contribute to the success of SMEs.
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N. Ngcobo, Raphael. "Credit provision by banks: a case study analysis of small businesses in South Africa." Banks and Bank Systems 12, no. 4 (November 30, 2017): 65–74. http://dx.doi.org/10.21511/bbs.12(4).2017.06.
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Small business sector is considered as an important economic driver by many countries. In South Africa, small business sector has been acknowledged as the driving force to boost the economic growth and an important source of job creation. This article aims at identifying factors that are a challenge in obtaining bank finance by small businesses in South Africa.Primary data for this study involved a survey questionnaire directed to owners of small businesses operating in Ekurhuleni Metropolitan area, Gauteng, South Africa. Factors that were deemed to influence bank loan decision were examined. The research findings revealed that factors such as age of business, business plans availability, educational background of business owner, experience of business owner and availability of a collateral have an influence on the bank loan decisions. This research also found that the accessibility of loan funding from banks was a constraint on business operations and growth. The findings of this study indicate that the mentioned factors are a challenge for small businesses in accessing bank loans to fund their operations.The findings of this study will be of great value to small business owners and policy makers in finding solutions to address the identified barriers.
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van Eeden, Amanda. "Small business perceptions in the central business district fringes of four metropolitan areas in South Africa." South African Geographical Journal 95, no. 2 (October 15, 2013): 135–48. http://dx.doi.org/10.1080/03736245.2013.847797.
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Hart, Keith, and Vishnu Padayachee. "Indian Business in South Africa after Apartheid: New and Old Trajectories." Comparative Studies in Society and History 42, no. 4 (October 2000): 683–712. http://dx.doi.org/10.1017/s0010417500003285.
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We consider here what has happened to one segment of South African capital since the demise of apartheid, of the Indian businessmen of KwaZulu Natal, and especially of its principal port city, Durban. During the long nightmare of apartheid, South Africa's Indians, a small minority constituting only three percent of the national population, suffered many restrictions on their development.
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Madzimure, Jeremiah. "THE COMPLIANCE CHALLENGES OF SMALL, MEDIUM AND MICRO ENTERPRISES IN SOUTH AFRICA." EURASIAN JOURNAL OF BUSINESS AND MANAGEMENT 8, no. 3 (2020): 182–90. http://dx.doi.org/10.15604/ejbm.2020.08.03.002.
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The Small, Medium and Micro Enterprises (SMMEs) play a crucial role in the development of South African economy through job creation and improving the standard of living. Despite their importance, majority of these SMMEs are facing compliance challenges. The study seeks to identify compliance challenges of SMMEs in terms of the company act and the impact on their ability to conduct business while remaining competitive and legal in South Africa. This study was conducted in Gauteng province of South Africa. The study applied a qualitative, interpretive approach. The thematic analysis through inductive process was used to analyze the interview responses collected from the participants. The main findings reveal that the uneven business environment has rendered the prosperity and growth of small business impossible. That impossibility is attributed to the lack of capacity and skill to comply with the burden of the company act, given the uneven ground of competition on which large enterprises are more experienced and resourceful. The value of this study is the proposed solution to the current compliance challenges which most SMMEs face and impede their growth. The study recommends that the government offer tax rebates and incentives for SMMEs.
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Wiid, Johannes Arnoldus, Michael Colin Cant, and Lizna Holtzhausen. "SWOT analysis in the small business sector of South Africa: friend or foe?" Corporate Ownership and Control 13, no. 1 (2015): 446–53. http://dx.doi.org/10.22495/cocv13i1c4p3.
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SMEs in South Africa are faced with a number of challenges, particularly poor levels of implementation in terms of accurately monitoring and predicting dynamic change in the macro environment. Following a strategic approach in scanning the external environment for opportunities and threats and identifying an organisation’s strengths and weaknesses using a SWOT analysis has become scarce in most SMEs. This research study aimed to establish if SMEs in South Africa use a SWOT analysis as part of their strategic management plan as well as to investigate if SMEs in South Africa take the time to identify and evaluate their internal and external environments. A questionnaire was administered and judgement sampling was used to gather the responses of 104 SMEs. The research identified that respondents were aware of the factors in specific functional areas that could be helpful to achieve business goals. The research also showed that financial management and marketing management were regarded as the most important drivers for achieving organisational objectives. The challenge now is to improve the use of the SWOT analysis of SMEs as they are the lifeline of the South African economy.
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Maas, G. J. P., P. Court, and J. Zeelie. "Accelerating Entrepreneurial Development in South Africa." International Journal of Entrepreneurship and Innovation 2, no. 1 (February 2001): 27–33. http://dx.doi.org/10.5367/000000001101298756.
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The worldwide trend towards outsourcing non-core, company-specific activities has a number of positive macroeconomic implications. The most notable of these is the contribution that this trend will have in promoting the growth of small, micro- and medium-sized enterprises. This, in turn, should stimulate the socioeconomic development of the environment by adding value at the lower levels of production. This paper sets out to document how the successful implementation of an outsourcing project was achieved in a developing economy and makes recommendations as to its successful replication in other developing economies.
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Hung, Yu-Ting, Michael C. Cant, and Johannes A. Wiid. "The importance of human resources management for small businesses in South Africa." Problems and Perspectives in Management 14, no. 3 (September 6, 2016): 232–38. http://dx.doi.org/10.21511/ppm.14(3-1).2016.09.
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The majority of SMEs fail in the first five years of operation (Cant and Ligthelm, 2003). Human resource management (HRM) has been identified as a crucial key success factor for SMEs in today’s world. This research study investigates small business owners’ perception of the importance of HRM. The objective of this paper is to determine the perceived importance of human resources (HR) among South African SMEs and the management of it. A questionnaire was constructed and judgement sampling was used to gather the responses of 88 small business owners. The research revealed that the majority of SMEs have HR practices of some sort in place, as well as areas to improve on HR practices. The challenge now is to further increase the adoption of HR management and practices among small businesses in South Africa to ensure their success, as they play a vital role in the South African economy. Keywords: South African SMEs, developing countries, human resource functions, human resources management, HR, HRM. JEL Classification: M19
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Chidinma Maduekwe, Caroline, and Peter Kamala. "Performance measurement by small and medium enterprises in Cape Metropolis, South Africa." Problems and Perspectives in Management 14, no. 2 (May 11, 2016): 46–55. http://dx.doi.org/10.21511/ppm.14(2).2016.05.
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High failure rate of small and medium enterprises (SMEs) has been partly attributed to the use of inappropriate performance measures. This study seeks to determine the types of performance measures employed by SMEs, purpose for which performance measures are used, perceived effectiveness of performance measures used and factors that may inhibit SMEs from using both financial and non-financial performance measures. Data are collected using a questionnaire and analyzed using descriptive and inferential statistics. The findings of this study reveal that most of the sampled SMEs measure their performance using both financial and non-financial performance measures, albeit financial performance measures are used more frequently than the non-financial ones. Of the financial performance measures, the most popular ones are sales growth, cash flows, operating income and net profit margin. The most popular non-financial measures are customer focused. These include response time, customers’ satisfaction, percentage of repeat customers and customers’ complaints. The findings also reveal that performance measurement reports are used by the sampled SMEs mostly for monitoring the business, gauging the performance of the business, improving business processes, identifying problems and optimizing the use of resources. The findings further reveal that the performance measures used are perceived to be effective but that the lack of awareness, qualified personnel, top management support, required resources such as computers, had, to some extent, inhibit SMEs from using the appropriate performance measures. This study not only fills in the gap in the literature on performance measurement by SMEs, but also provides invaluable insights on the extent to which these entities use different performance measures. These insights could inform future government interventions meant to avert the high failure rates of these entities and also aid SMEs to gauge their performance measurement practices with a view to adopt the best practices or avoid factors that could inhibit them from using these practices
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Cant, Michael Colin. "Small Business Attitudes Towards Ethical Issues: Survival Or Ethically Correct?" International Business & Economics Research Journal (IBER) 11, no. 12 (November 29, 2012): 1347. http://dx.doi.org/10.19030/iber.v11i12.7414.
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Small businesses play a vital role in most economies worldwide. These businesses are in many instances the creators of jobs and in many instances barely surviving. In Africa, in general, and South Africa in particular, there are huge pressures on small business development and to assist in alleviating poverty and help with social mobility. Many small business entrepreneurs are forced into business in order to survive which in turn may lead to them being less ethically inclined and more focussed on survival. This in itself can lead to a moral dilemma for them. It is therefore important to consider the attitude employees have towards ethical issues in the business sector, and to what extent they would compromise on these issues in order to survive. The main purpose of the study is therefore to determine the attitude employees of small businesses in South Africa have towards the ethical environment in which they operate. The research followed a quantitative approach where a survey questionnaire was used as the data collection method. The results indicate that employees of small businesses have a negative attitude towards the ethical responsibilities of the organisation in which they operate. Alternatively, respondents do understand what is meant by ethics and what it entails. Their attitude regarding their perception of what an organisation should commit to in order to be ethical shows that respondents understands what constitutes ethical behaviour.
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Rukuni, Tarisai F., Eugine Tafadzwa Maziriri, and Tsepo Mofoka. "Social Media Strategies on Brand Awareness at a Small Business Consultancy Firm in South Africa." International Journal of Interactive Mobile Technologies (iJIM) 14, no. 20 (December 11, 2020): 4. http://dx.doi.org/10.3991/ijim.v14i20.14831.
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<p class="0abstract">Small and medium enterprises – including those in the business consultancy industry – are strategic for the development of the South African economy and for developing marginalised economies through employment creation and income generation. However, the existence of small and medium business consultancy firms is threatened by competitive pressure of multinational consulting firms such as the PricewaterhouseCoopers, McKinsey and KPMG [8]. Small and medium business consultancy firms need to adopt innovative strategies for survival. Appropriate use of social media strategies is one strategy that can be adopted by small and medium business enterprises to influence brand awareness and brand loyalty and to build a competitive edge. An inability to use social media as a business strategy results in poor brand awareness, a decrease in sales, and business closure. It is against this background that this study aimed to assess customers’ perceptions of social media strategies employed by the small and medium business consultancy firm, investigate the relationship between social media strategies and brand awareness, and evaluate the relationship between brand awareness. A quantitative descriptive research methodology, using a structured questionnaire was employed to collect data from a sample of 231 customers at the business consultancy. The Statistical Package for Social Sciences version 25 was employed to conduct descriptive and multivariate analysis, including mean, standard deviation, correlation and regression analysis. Findings indicated that customers had negative perceptions of social media strategies employed by the small and medium business consultancy firm. It was also found that social media strategies had a statistically significant positive relationship with brand awareness and brand acceptance. The research findings hold major implications for theory and practice.</p>
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Coldwell, David Alastair Lindsay, and Tasneem Joosub. "Corporate social responsibility in South Africa: quo vadis?" African Journal of Economic and Management Studies 6, no. 4 (December 7, 2015): 466–78. http://dx.doi.org/10.1108/ajems-11-2013-0102.
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Purpose – Strategies and policies aimed at alleviating poverty in Sub-Saharan African countries usually depend on capitalistically driven economic growth. However, the view that capitalism needs to reinvent itself to survive the crisis of confidence brought about by the recent global financial collapse depends on the extent to which such a shared value oriented, sustainable capitalist reinvention is embraced by emergent business leaders. A sustainable system of capitalism driven by business and community shared value can only take root if the hearts and minds of future business leaders are convinced of their cogency and appropriateness. The paper aims to discuss these issues. Design/methodology/approach – This paper reports the findings of an empirical study utilizing a Likert-type scale designed to measure corporate shared value (CSV) and corporate social responsibility (CSR) among a sample of fourth year accountancy students at a leading South African university. Findings – Preliminary findings suggest that perceptions of this group of emergent leaders generally regard CSR rather than CSV as the “correct” business model for companies to follow. Although the sample is limited to one South African university and is relatively small, it contributes to the literature by offering insight into emergent business leaders’ perceptions and their view of the direction of CSR in South Africa should take. Research limitations/implications – Implications of the paper are that by offering insight into emergent business leaders’ perceptions of South African society and specifically their view of the direction South African CSR should take, the paper suggests prescriptive remedial steps in policy that educational and other learning institutions could take to engender appropriate social values in learners. Originality/value – The study contributes to the literature by offering devised and tested measuring instruments for CSR and CSV in the South African context and gives insight into emergent business leaders’ perceptions and their view of the direction of CSR in South Africa should take.
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Leakalala Moloto, Mahlatse, and Solly Matshonisa Seeletse. "Some leading causes of emerging rural poultry small and medium enterprises failure in South Africa." Environmental Economics 7, no. 3 (October 21, 2016): 25–32. http://dx.doi.org/10.21511/ee.07(3).2016.03.
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This study examines the factors that cause failures of many South African rural small and medium enterprises (SMEs) in poultry business. The research method was qualitative phenomenology using in-depth, semi-structured interviews to explore the factors considered by rural chicken SMEs owners to be causes of their business difficulties. The study revealed that these entrepreneurships knew chicken business only from the home-grown chickens, and the local poultry was usually providing only meat. Compared to the local chickens that were cheap to acquire and nurture, the commercial ones had to be purchased, nourished with purchased foods, supported with electricity light at night, and still, some died. It was much cheaper to raise indigenous chickens. The results indicate that rural poultry SMEs owners did not know that buying a commercial chick carries benefits that range from eggs, feathers, meat, and other chicken products. Also, after purchasing each chick, there are more additional investments needed to maintain the market standard. The study enlightens chicken entrepreneurs that they should, first, learn the insight of business, the poultry industry, and the context of the business they wish to pursue. Keywords: competition, formal market, informal business, SMEs, poultry, rural, tax. JEL Classification: Q13, O17
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Mankgele, Khutso Pitso, and Olawale Fatoki. "Strategic Orientation and Performance of Small Businesses in South Africa." Journal of Reviews on Global Economics 9 (November 27, 2020): 459–67. http://dx.doi.org/10.6000/1929-7092.2020.09.43.
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Motivation: Most studies on strategic orientation have focused on financial performance while neglecting social and environmental performance. In this era of sustainable development, the performance of SMEs is better measured using the triple bottom line approach (financial, social and environmental). Studies that examine the effect of strategic orientation on the sustainable performance of SMEs are scarce. Novelty: The aim of the study is to explore the impact of strategic orientation on the sustainable performance of SMEs. While extant studies have explored the effect of strategic orientation on the financial performance of SMEs, this study used the sustainable measure of performance that included financial, social and environmental indicators. Methodology and Methods: The study followed the quantitative research design and a self-administered questionnaire was employed during the data collection process. Data was collected from one hundred and forty SME owners in a cross-sectional survey. The participants of this study were in the retail, service and manufacturing sectors. Data and Empirical Analysis: The Pearson correlation and regression were used for analysis. The Pearson correlation results indicated a positive correlation between strategic orientation and sustainable performance, while the regression analysis showed that strategic orientation has a positive impact on the sustainable performance of SMEs. Policy Considerations: South Africa is a signatory to the Paris Agreement on Climate Change and the United Nations’ Sustainable Development goals. The sustainable performance of SMEs can help to achieve these goals. The findings of this study can help small business owners to continuously acquire strategic orientation education for themselves and their employees. Agencies that support small businesses should organise seminars to train and educate SME owners on strategic orientation and sustainable performance.
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Eresia-Eke, Eresia-Eke. "Can Owner-Manager Characteristics Signal Small Business Loan Default Propensity?" Journal of Economics and Behavioral Studies 5, no. 11 (November 30, 2013): 762–76. http://dx.doi.org/10.22610/jebs.v5i11.449.
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The potential of small businesses is inhibited by a cocktail of problems of which inaccessibility to finance is pre-eminent. This problem is linked to the lenders’ risk estimation, often based on financial indicators which small businesses are not adept at using to signal their performance ability. This situation, especially in South Africa, with a history of a people who were previously disadvantaged does not aid the development of small businesses that may well be the antidote for overcoming the strain of poverty and unemployment in the country. This study stems from the human capital theory and investigated possible relationships between owner-manager characteristics and loan default propensity. The aim being to unveil non-financial variables, associated with the owner-manager which could be relied upon by lenders’ to estimate the loan default propensity of the small business borrower. Primary data collected in South Africa were empirically analysed for possible associations between owner-manager characteristics and loan default propensity. Results revealed business size-dependent differences in the association between certain ownermanager characteristics and business loan default propensity. The implication of this for all stakeholders is that considerations for small business lending should be sensitive to business size.
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Peters, Ricardo Martin, Garth Van Gensen, Eslyn Bleighnaul Hugh Isaacs, Mark Jonathan Botha, and Visvanathan Naicker. "Education And Small Business Growth: A Gender Perspective Of Two Divergent Provinces In South Africa." International Business & Economics Research Journal (IBER) 13, no. 5 (August 23, 2014): 1127. http://dx.doi.org/10.19030/iber.v13i5.8779.
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The article attempts to identify whether the level of education and gender has an impact on the business growth of SMMEs in a developing economy. The study furthermore looks at the contribution made by the SMME sector from a spatial perspective. The Western Cape is seen as a more affluent province and a bigger contributor to the countrys GDP as opposed to KwaZulu-Natal, which comprises of the former province of Natal and the Zululand homelands. Entrepreneurship can be considered as one of the means of creating an enabling environment conducive to reducing poverty, stimulating economic growth, and creating employment opportunities, particularly in a South African context. Hence, activities in the SMME sector are often considered to be the bedrock of an economy and a key driver of growth and development. This holds most true for women assuming the role of entrepreneur, especially in developing countries. This study aims to explore and test this delicate relationship between women entrepreneurs and SMME sustainability, and to conduct empirical investigations into high-density SMME operations in two South African provinces. Survey data were collected from SMME owners/managers in the Western Cape and KwaZulu-Natal provinces of South Africa. In building on previous academic literature on SMME sustainability and women in business, various measures are developed and tested for reliability and validity. The study is cross-sectional in design, making use of trained fieldworkers to administer face-to-face surveys to a diverse set of SMMEs. A structured questionnaire was used to collect data from 465 owners/managers in the two provinces. The findings show (i) a positive relationship between a business owners/managers level of education and business growth, (ii) no correlation between a business owners/managers education and employment, and (iii) no relationship between gender and business growth. The findings of the study can benefit the South African Government in directing policy, SMME owners, educators and women in business by increasing awareness of the nature of sustainable SMMEs, and the effect of operational skills, gender and education on the development thereof. This study focuses on the growing sector of women in business and the impact of education in SMMEs linked toward business sustainability. A contribution is made toward theory development through empirical research.
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Sandada, Maxwell, David Pooe, and Manilall Dhurup. "Strategic Planning And Its Relationship With Business Performance Among Small And Medium Enterprises In South Africa." International Business & Economics Research Journal (IBER) 13, no. 3 (April 28, 2014): 659. http://dx.doi.org/10.19030/iber.v13i3.8602.
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Strategic planning is a business tool that small and medium businesses need in todays dynamic and highly competitive business environment. It has a potential to cushion these enterprises from such unpredictable harsh business conditions. The purpose of this paper was to establish the relationship between strategic planning practices and business performance among SMEs in the Gauteng province of South Africa. Data were analysed from 200 useable questionnaires that were distributed to SME owners/managers. Factor analysis, correlations, and regression techniques were used in order to extract the dimensions of strategic planning and their relationships with business performance. Environmental scanning, business mission and vision, formality of strategic plans, evaluation and control, informing sourcing, strategy implementation incentives, employee participation, and time horizons emerged as strategic planning dimensions. The results confirm that strategic planning has a positive association and predictive relationship with the performance of SMEs. The results of this study can serve as a guide to SME owners and managers to properly implement strategic planning practices which will enable them to propel and sustain their businesses in turbulent and uncertain business environments.
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Smulders, Sharon, Madeleine Stiglingh, Riel Franzsen, and Lizelle Fletcher. "Determinants of internal ta compliance costs: Evidence from South Africa." Journal of Economic and Financial Sciences 9, no. 3 (December 3, 2016): 714–29. http://dx.doi.org/10.4102/jef.v9i3.67.
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Being tax compliant generates costs and these costs affect small business tax compliance behaviour and contribution. This study uses multiple regression analyses to investigate the key drivers of small business’s internal tax compliance costs (hours spent internally on tax compliance activities). This will assist Revenue Services in understanding what factors (determinants) could increase a small business’s internal tax compliance costs and might assist in managing tax compliance behaviour and contribution. The results expose the significant determinants per tax type, enabling a comparison to be made across the different tax types. Overall, turnover is the variable that had the most significant influence on internal tax compliance costs (time) (as opposed to the number of employees, which had a significant effect only on the internal time spent on employees’ tax). The analysis confirmed that there is a higher proportional burden for smaller businesses in respect of internal income tax and employees’ compliance activities.
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Sutherland, Margie, Hayley Pearson, and Greg Fisher. "Due diligence: Plantation Shutters®, South Africa." Emerald Emerging Markets Case Studies 7, no. 2 (June 19, 2017): 1–19. http://dx.doi.org/10.1108/eemcs-10-2016-0203.
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Subject area Company turnaround, General Management. Study level/applicability Executive education, MBA. Case overview This is a four-part case study in which the case of a company turnaround emerges as the students work through a series of decision-making processes. In teaching the case, the students would only be given Part A to begin with, about which they need to make decisions as to what they would do, as preparation for the first part of the lecture. After that has been discussed, they are provided with the second part which tells them what in fact happened in the situation and leads them to the next decision point, and so on. The case deals with an entrepreneur hearing about a business that has gone insolvent; it then tracks the process from investigating the small manufacturing and sales company through the various stages of its subsequent remarkable turnaround to the point where the protagonist was voted Entrepreneur of the Year in South Africa. It covers the period 2007 to 2012 and includes the annual financial statements. Expected learning outcomes Following are the expected learning outcomes: an understanding of the broad range of management competencies; an understanding of how to turnaround a small organisation; and to experience group-based decision-making. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Subject code CSS 11: Strategy.
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Matchaba-Hove, Tony, Shelley Farrington, and Gary Sharp. "The entrepreneurial orientation - Performance relationship: A South African small business perspective." Southern African Journal of Entrepreneurship and Small Business Management 7, no. 1 (July 1, 2015): 36. http://dx.doi.org/10.4102/sajesbm.v7i1.6.
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<p>The high failure rate among small businesses in South Africa has created an urgent need to identify strategies that will improve their levels of performance. The purpose of this study was to investigate the relationship between entrepreneurially orientated strategies implemented by small businesses in the Eastern Cape and the influence of these strategies on business performance. Entrepreneurial orientated strategies were assessed in terms of the five dimensions of entrepreneurial orientation, namely innovativeness, proactiveness, competitive aggressiveness, risk-taking and autonomy. Business performance was assessed in terms of profitability and growth. A measuring instrument was developed based on valid and reliable items. Statistical techniques including descriptive statistics, Pearson’s product moment correlations and structural equation modelling, were performed on data gathered from 317 small business enterprises. The results of this study showed that the more small businesses implement the strategies of proactive innovativeness, competitive aggressiveness, and autonomy, and the less risk-taking their strategies are, the more likely their businesses are to be successful.</p><p><strong>Key words:</strong> Small business, Entrepreneurship, Entrepreneurial orientation</p>
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Mathibe, Motshedisi S., and Johan H. Van Zyl. "The Impact Of Business Support Services To SMMEs In South Africa." International Business & Economics Research Journal (IBER) 10, no. 11 (October 27, 2011): 101. http://dx.doi.org/10.19030/iber.v10i11.6410.
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Small Medium and Micro Enterprises in South Africa were operating in the era of the apartheid regime but were not given enough support and were not a priority in the government of those days. Before democratic transition, the South African government was mainly giving attention to large businesses as well as state-owned enterprises. It was only in the late 1970s and the early 1980s that the South African government realised the importance of the small enterprise sector and its contribution to the countrys economy. The democratic regime of the early 1990s gave SMMEs an opportunity to participate in the South African economy. A White Paper of 1995 introduced the strategy to promote and develop SMMEs in South Africa and to design an SMME policy framework that will focus its attention on supporting and developing SMMEs. The aim was to enable SMMEs to grow as a way of creating a balance in the economy (away from state-owned and large enterprises) As a result, different support mechanisms have been implemented to support and develop SMMEs in the country since the democratic government took over in 1994. This paper evaluates the business support programmes that have been implemented in South Africa since 1994, specifically in the Free State Province for the development and support of SMMEs. In this respect, the paper compares and evaluates the ability of the business support programmes that have been put in place to develop and support SMMEs in order to grow and become sustainable. This is done by means of a brief overview of the international business support services and an assessment of the South African SMME policy environment. The study also conducted five structured interviews with the management representative of the five different business support programmes in the Free State Province. Some of the key findings indicate that not many SMMEs are aware of business support programmes in the Free State and are even less informed as to where to access finances. At the same time, it was found that staff responsible for business support programmes appears to be incompetent, and therefore, deliver poor quality services. From this study it can be concluded that of all the programmes the government-driven initiatives to develop and support SMMEs struggle the most to become operational. The business support programmes focused on markets to some degree, but seldom made it an inherent requirement. This paper recommends that there should be monitoring and evaluation systems available to document the quality of the service delivery to SMMEs in the Province, and to train the staff of the business support programmes to deliver high-quality services to entrepreneurs. The study compared five business support programmes in the Free State with regards to developing and supporting SMMEs in the province. As a result, the value of the findings might well be considered in terms of future provincial planning documents and policy.
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Donga, Gift, Hlanganipai Ngirande, and Knowledge Shumba. "Perceived barriers to the development of small, medium and microenterprises: a case study of Thulamela Municipality in the Limpopo Province." Problems and Perspectives in Management 14, no. 4 (December 14, 2016): 61–66. http://dx.doi.org/10.21511/ppm.14(4).2016.07.
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The study investigated the perceived barriers to the development of small, medium and microenterprises (SMMEs) operating in the South African small business sector. A quantitative orientation was used in carrying out the study through self-administered questionnaires and a descriptive quantitative method of analysis was applied. The research population consisted of entrepreneurs within the Thulamela Municipality in the Limpopo Province of South Africa. A purposive sample of seventy-five SMME owners and managers participated in this study (males = 73%, n = 55; females = 27%, n = 20 and, age range 18-55 years). The study seeks to add on the narrow body of literature concerning barriers faced by small, medium and microenterprises within the small business sector by revealing how SMMEs in South Africa are stalled from developing into successful enterprises as a result of some major barriers affecting the small business sector. The study revealed that, indeed, SMMEs in Thulamela Municipality in the Limpopo Province of South Africa are faced with various barriers affecting their development. Five significant barriers were identified, namely, lack of finance, access to market, out-dated equipment and technology, poor infrastructure and lack of training. The study recommends on the action plan that is required for SMMEs to increase their efficiency and sustaining themselves against possible barriers thereby helping entrepreneurs to exploit the full potential of the SMME sector. Keywords: barriers, development, SMMEs, entrepreneurs, Thulamela municipality, South Africa. JEL Classification: L26, P2
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Rogerson, Christian M. "Looking to the Pacific Rim: Production Subcontracting and Small scale Industry in South Africa." International Small Business Journal: Researching Entrepreneurship 13, no. 3 (April 1995): 65–79. http://dx.doi.org/10.1177/0266242695133004.
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Olarewaju, Odunayo, and Thabiso Msomi. "Factors Affecting Small and Medium Enterprises’ Financial Sustainability in South Africa." African Journal of Inter/Multidisciplinary Studies 3, no. 1 (2021): 103–17. http://dx.doi.org/10.51415/ajims.v3i1.893.
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The dwindling growth of small businesses and their rate of failure in South Africa has been traced to poor financing. Thus, the factors affecting the financial sustainability of small and medium-sized enterprises in South Africa are examined in this study. Using purposive sampling, data were collected from 310 respondents, however six were incorrectly completed. The analysis was based on data collected from 304 respondents which cut across owners and/or managers from small and medium construction, manufacturing, retail, and agricultural enterprises. A quantitative research design that falls under the positivist paradigm was used. Specifically, through a descriptive and multivariate regression analysis, it was found that financial awareness, budgeting, accounting skills, and access to finance have positive and significant effects on the financial sustainability of SMEs with all the variables, having 0.005 probability values, respectively. Out of all the variables examined, budgeting and access to finance have the largest absolute values of 0.425 and 0.373, respectively. Thus, it was concluded that workshops, training, and seminars to improve the financial literacy of small and medium enterprises should be organised. This will improve owner’s ability to deploy the accounting and budgeting skills and they will be exposed to meeting loan criteria and conditions from financial institutions. Also, adequate funds should be allocated to cater for the regular training and development of small business owners using the services of financial experts.