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Priscilla Masupha, Liako, Andrisha Beharry-Ramraj, and John Amolo. "State financial assistance within Lesotho Maseru’s small, medium and micro enterprises." Public and Municipal Finance 6, no. 4 (December 11, 2017): 7–14. http://dx.doi.org/10.21511/pmf.06(4).2017.01.
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Small, Medium and Micro Enterprises (SMMEs) function in both the micro and macro environments, and are subject to internal and external forces in most economies. The monitoring of the external and internal factors and vital strategies by SMME owners and stakeholders including government and supporting institutions is necessary to attempt a reduction in their failure rates. Literature supports this proposition in the development of SMMEs. The aim of this study was to analyze the environmental factors that result in a low rate of success and a high failure rate of SMMEs in Maseru the capital city of Lesotho. Primary data for this study was collected through questionnaires which were distributed to a sample of 250 SMMEs owners, however, only 180 respondents completed and returned questionnaires, which were then used for data analysis. The data was analyzed using the Statistical Package for Social Sciences (SPSS21). The findings revealed that there still persists inadequacy in financial assistance and the need to develop a financial strategy by the state. Government key intervention is proposed to enable growth and development in a sector that sustains job creation and poverty reduction through financial strategy. Further research on how the sector establishes support is also proposed.
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Mphela, Thuso, and John P. W. Shunda. "Can small, medium and micro enterprises survive in public procurement?" Journal of Public Procurement 18, no. 2 (June 4, 2018): 90–110. http://dx.doi.org/10.1108/jopp-06-2018-006.
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Purpose The paper aims to investigate challenges facing small-, medium- and micro-sized enterprises (SMMEs) in public procurement in Botswana from the view of a buyer. Design/methodology/approach The researchers conducted consultative workshops, succeeded by focus groups and follow-up telephone interviews, to collect and validate data. A total of 75 procurement officers from central government ministries and local governments participated in the study. Findings Results indicate that SMMEs find it difficult to deal with public procurement because of lack of capacity, unfair bias against SMMEs, inefficient government payment systems, unfair competition from their larger and established counterparts and centralized public procurement. The paper recommends a comprehensive integrated framework, improvement of SMME capacity and adopting policies to ensure greater public procurement market access.
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Mvelase, Promise, Nomusa Dlodlo, Quentin Williams, and Matthew O. Adigun. "Custom-Made Cloud Enterprise Architecture for Small Medium and Micro Enterprises." International Journal of Cloud Applications and Computing 1, no. 3 (July 2011): 52–63. http://dx.doi.org/10.4018/ijcac.2011070105.
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Small, Medium, and Micro enterprises (SMMEs) usually do not have adequate funds to acquire ICT infrastructure and often use cloud computing. In this paper, the authors discuss the implementation of virtual enterprises (VE) to enable SMMEs to respond quickly to customers’ demands and market opportunities. The virtual enterprise model is based on the ability to create temporary co-operations and realize the value of a short term business opportunity that the partners cannot fully capture on their own. The model of virtual enterprise is made possible through virtualisation technology, which is a building block of cloud computing. To achieve a common goal, enterprises integrate resources, organisational models, and process models. Through the virtual business operating environment offered by cloud computing, the SMMEs are able to increase productivity and gain competitive advantage due to the cost benefit incurred. In this paper, the authors propose a virtual enterprise enabled cloud enterprise architecture based on the concept of virtual enterprise at both business and technology levels. The business level comprises of organisational models, process models, skills, and competences whereas the technology level comprises of IT resources.
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Bvuma, Stella, and Carl Marnewick. "Sustainable Livelihoods of Township Small, Medium and Micro Enterprises towards Growth and Development." Sustainability 12, no. 8 (April 14, 2020): 3149. http://dx.doi.org/10.3390/su12083149.
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In South Africa, small, medium, and micro enterprises (SMMEs) have been recognized as the critical driving force to alleviate some economic challenges that the country faces. The challenges, such as the alleviation of poverty and the unemployment rate, can be addressed by policies that encourage SMME developments and sustainability. The historical background of SMMEs in South Africa has left them operating in various locations, such as cities and townships. There is a growing concern of the lack of information and communications technology (ICT) adoption by SMMEs, in particular those operating in townships. The aim of this study was to develop an ICT adoption framework using the sustainability livelihood framework (SLF) to encourage ICT adoption and improve the livelihood of township SMMEs. This study used the sustainable livelihood framework (SLF) to explore the broader socio-economic contents of the township SMMEs on human, social, financial, and physical and natural resource-based assets that enable the poor to enhance their capabilities and reduce their vulnerabilities. This study deployed a qualitative exploratory research. A sample of 21 SMME owners/managers operating in Soweto was used, and data were collected using in-depth interviews and observations. The study revealed township SMMEs are complex and dynamic and need various interventions in order for them to be sustainable. The SLF for township SMMEs can be used as a guideline for SMME owners/managers and policy makers when formulating ICT adoption policy.
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Tabot Enow, Samuel, and Peter Kamala. "Cash management practices of small, medium and micro enterprises in the Cape Metropolis, South Africa." Investment Management and Financial Innovations 13, no. 1 (April 8, 2016): 230–36. http://dx.doi.org/10.21511/imfi.13(1-1).2016.10.
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The aim of this research article is to investigate the cash management practices of small, medium and micro enterprises (SMMEs) in the Cape Metropolis, in South Africa. Data are collected from a sample of 200 SMMEs by means of a closed-ended questionnaire survey. The findings of the study revealed that most of the sampled SMMEs manage their cash effectively. However, only a minority of these entities hold cash for speculative purposes or even invest their surplus cash gainfully, thus, they fail to optimize on their scarce cash resources. Likewise, only a minority of the SMMEs employ computers for managing their cash, which is rather surprising given the proliferation of computers at a low cost in South Africa
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Zunckel, Sharon, and Celani John Nyide. "Capital structure of small, medium and micro enterprises: major factors for a developing economy." Problems and Perspectives in Management 17, no. 2 (May 6, 2019): 124–33. http://dx.doi.org/10.21511/ppm.17(2).2019.09.
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Managing capital structure is an imperative decision made by all firms. The manner in which financing is organized is a strategic financial decision and managers must settle on the amount of debt in relation to equity that it requires to maintain. Despite many empirical studies investigating the choice of capital structure for large corporates, minimal research has been conducted on capital structure decisions in small, medium, and micro enterprises (SMMEs). This study identifies major factors influencing the capital structure of SMMEs in a developing economy and enlightens owners/managers on the importance thereof. This investigation used a quantitative research approach, which was cross-sectional. A convenience sampling method was adopted, and data were collected from 136 respondents, only confined to the retail and whole sector, which is the second largest sector in KwaZulu-Natal, South Africa. The partial least squares structural equation modelling was utilized to determine the statistical results. It was discovered that managerial factors such as individual goals and financing preference of the owner/manager, network ties, attitude to debt, maintaining control and asymmetric information; and firm-level factors such as size of the firm, profitability and firm age are major factors that influence the capital structure of SMMEs. Therefore, capital structure decisions are made motivated by the attitudes of the owners/managers.
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Chimucheka, Tendai, and Fortunate Mandipaka. "Challenges Faced By Small, Medium And Micro Enterprises In The Nkonkobe Municipality." International Business & Economics Research Journal (IBER) 14, no. 2 (March 2, 2015): 309. http://dx.doi.org/10.19030/iber.v14i2.9114.
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This study investigated the challenges that are faced by entrepreneurs in the Nkonkobe Municipality in Eastern Cape Province of South Africa and the objectives were to identify and suggest solutions for the challenges. This study followed a qualitative research design and in-depth interviews were used to gather data from the respondents. Small, Micro and Medium Enterprises (SMMEs) owners and managers in the Nkonkobe Municipality were the target population. A sample of thirty respondents was drawn using purposive sampling method. Most of the respondents who participated in the study were from the agricultural industry, trading sector, and the arts and crafts industry. The challenges identified as impediments to the establishment, survival and growth of these SMMEs include lack of networking opportunities, lack of access to finance and inadequate government support. Recommendations were suggested to the SMME owners and managers, government agencies and the local municipality.
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John Nyide, Celani, and Sharon Zunckel. "Interplay between capital structure choice and survival and growth of small, medium, and micro enterprises: A South African context." Problems and Perspectives in Management 17, no. 4 (November 26, 2019): 121–30. http://dx.doi.org/10.21511/ppm.17(4).2019.10.
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It is essential for small, medium, and micro enterprises (SMMEs) to become established, be sustainable and grow. These firms play a vital role in the economy of both developed and developing countries. Empirical studies have acknowledged the contribution of SMMEs to the economy, as well as to the gross domestic product. However, the failure rate of these firms has also been emphasized in the same studies. SMME survival is critical for economic growth, which is measured by increases in profits. Capital structure decisions are significant to the survival and growth of these entities. This study was conducted to examine the interplay between capital structure and SMMEs` survival and growth in a developing economy. A sample size of 103 SMMEs was chosen on a non-probability basis using convenience sampling within the eThekwini area, KwaZulu-Natal, South Africa. The statistical tool used for analysis in this study was the Partial Least Squares Structural Equation Modelling (PLS-SEM) 5.0 software. Capital structure was found to have a significant influence on the growth and survival of small, medium, and micro enterprises. The study concludes that utilizing retained earnings, personal savings, trade credit and funds from friends and family has a significant influence on the growth and survival of the firm. Debt and external equity financing, on the other hand, have an insignificant influence on the growth the firm.
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Tabot Enow, Samuel, and Peter Kamala. "The accounts payable management practices of small, medium and micro enterprises in the Cape Metropolis, South Africa." Investment Management and Financial Innovations 13, no. 1 (March 4, 2016): 77–83. http://dx.doi.org/10.21511/imfi.13(1).2016.07.
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The purpose of this article is to investigate the accounts payable management practices of small, medium and micro enterprises (SMMEs) in the Cape Metropolis. The study is motivated by a lack of research on payable management practices of SMMEs in South Africa. Data are collected from a sample of 200 SMMEs by means of a closed-ended questionnaire and analyzed using descriptive statistics and inferential statistics. The findings of the study indicate that 70% of the sampled SMMEs purchase only on cash basis. Of the sampled SMMEs, 22% purchase on both cash and credit, while 8% purchase only on credit basis. Of those that purchase on credit, 72% pay their creditors promptly to take advantage of discount facilities. To manage their accounts payable, 52% of the SMMEs use computers. Only 43% settled accounts payable on the last day that the payment is due. The results further indicate that a lack of personnel and time are the main factors that inhibit the SMMEs from managing their accounts payable effectively. The above results suggest that SMMEs are inclined towards purchasing on cash or paying promptly when they purchase on credit, which could indicate that they had a lower bargaining power relative to that of suppliers who may have viewed these entities as risky ventures to which they were reluctant to extend credit terms. Based on the above findings, this study recommends that the SMMEs decision-makers be educated on the competitive advantages gained by buying on credit, most important of which are improving cash flow and building supplier relationship. In addition, the decision-makers may be trained, perhaps through Government intervention, on how to overcome the factors that inhibit them from managing their accounts payable effectively, by using computers. The Government may also provide guarantees to SMMEs’ suppliers to relax the credit terms extended to these entities. This study makes several original contributions to literature. It is the first study to investigate the accounts payable management practices of SMMEs in the Cape Metropolis. Entities whose management of accounts payable had up till now been neglected appeared in the prior research to their peril. Secondly, this study provides a unique insight into SMMEs management of their liquidity by focusing on their management of most immediate obligations (accounts payable), which are critical for these entities’ survival given their limited access to finance. The proposed study thus fills the gap in research on the accounts payable management practices employed by SMMEs in South Africa. Although various studies have been published on the accounts payable management practices on SMMEs in other countries, no study was found within the South African context. This study therefore contributes to the debate on the accounts payable management practices of SMMEs in a unique context of South Africa and inspires other researchers to investigate the same in other Metropolis in the country
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Ngwenya, Tony, and Pfano Mashau. "Repurposing support tendered youth owned Small, Medium, and Micro-Enterprises in urban agri-business sector in Durban." Problems and Perspectives in Management 18, no. 4 (December 22, 2020): 437–47. http://dx.doi.org/10.21511/ppm.18(4).2020.35.
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Food security is one of the most fundamental challenges facing many countries, especially in the developing economies, which still has a vast section of its population still trapped in the socio-economic cocoon of poverty, unemployment, and inequality. This paper aims to investigate the institutional support in the facilitation of empowerment and development of youth Small, Medium, and Micro-Enterprises (SMMEs) to be active participants in the agribusiness economic mainstream. The paradigm shift from primary agriculture into urban farming business models in agri-business could accelerate the ascendancy of youth SMMEs in the competitiveness stakes. The theoretical analysis focused on the resource-based view model, institutional theory, and the role of the CSR impact as a conceptual framework for the study. The research design was predicated on the quantitative methodology, which enabled the researchers to statistically test the reliability and validity of the theory. The findings indicated that the CSR interventions had not yielded a fundamental impact on assisting youth SMMEs within the agribusiness sector. The results also identified a lack of tangible and result-driven institutional support from policy-makers and authorities. Overall targeted technological transfer as a strategic and critical resource to youth SMMEs is another constraining factor from empirical findings. The results also revealed the lack of monetary and non-monetary access by youth SMMEs as hampering their competitiveness and profits ability. The findings advocated that the policy-makers could synthesize the theories encapsulated in the study and the empirical evidence as the bedrock for bespoke, customized, and tailor-made youth SMMEs’ bespoke support, empowerment, and development of their entities.
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Lekhanya, Lawrence Mpele, and Roger B. Mason. "The use of marketing strategies by Small, Medium and Micro Enterprises in rural KwaZulu-Natal." Southern African Journal of Entrepreneurship and Small Business Management 6, no. 1 (December 31, 2013): 39. http://dx.doi.org/10.4102/sajesbm.v6i1.32.
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<p>This paper examines the use of marketing strategies by Small, Micro and Medium Enterprises (SMMEs) in rural areas and identifies how they are limited by various internal and external factors. The study aimed to determine whether rural SMMEs have formal marketing strategies, the factors that constrain their marketing activities, their understanding of what marketing entails and the marketing communications techniques that they use. The study was conducted in rural KwaZulu-Natal (KZN), using a survey method. The sample consisted of 374 SMME owners/managers, selected using quota sampling, with respondents completing a questionnaire with the assistance of an interviewer. The results of the research revealed that marketing knowledge and expertise is lacking, with limited use of marketing strategies by the rural SMMEs. The paper will benefit SMME marketers by assisting them to better understand the marketing tactics to use, dependent on the nature of their environment. Most work on SMME marketing has concentrated on urban entrepreneurial marketing, with little emphasis on marketing strategies used in rural areas. Findings were limited by the study’s exploratory nature and the small sample. Further research with larger samples and the consideration of other provinces is recommended.</p><p><strong>Keywords</strong> – Marketing strategy, Rural, Marketing tactics, South Africa, SMME, KZN</p>
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Mpele Lekhanya, Lawrence, Nze Grace Olajumoke, and Dorasamy Nirmala. "Exploring fast moving consumer goods (FMCG) small, medium and micro enterprises manufacturers’ need for innovation to achieve growth." Environmental Economics 8, no. 2 (April 20, 2017): 8–16. http://dx.doi.org/10.21511/ee.08(2).2017.01.
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The purpose of this paper is to investigate the problems of the sustainable development, to explore the level of innovation in the fast moving consumer goods (FMCG) manufacturing SMMEs sectors, which most affects on the state of the environment, to identify the causes of low innovation in the industry and to examine these factors influence on the effectiveness of SMMEs manufacturers innovation strategies, as well as to invent a new innovation strategic approach to overcome innovation problems in the economic growth of fast moving consumer goods SMMEs manufacturers. The study is aimed to determine the level of innovation and factors contributing to low innovation in fast moving consumer goods (FMCG) SMMEs manufacturers, which hinder their economic performance. Mixed approach of quantitative and qualitative questionnaire is used for primary data collection. Sample consists of 120 SMMEs. Statistical Package for Social Sciences (SPSS) (23.0) was employed for data analysis. The study results are presented with figures and diagrams. This study will be a useful tool for general public and relevant stakeholders in this sector.
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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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E T, Maziriri, and Chinomona E. "Modeling the Influence of Relationship Marketing, Green Marketing and Innovative Marketing on the Business Performance of Small, Medium and Micro Enterprises (SMMES)." Journal of Economics and Behavioral Studies 8, no. 3(J) (July 3, 2016): 127–39. http://dx.doi.org/10.22610/jebs.v8i3(j).1294.
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Small, Medium and Micro Enterprises (SMMEs) are considered as economic engines for many countries. In South Africa, the Small, Micro and Medium Enterprises (SMMEs) sector has been acknowledged as the driving force to foster economic growth and job creations. This paper aimed at examining how relationship marketing, green marketing and innovative marketing influence the business performance of Small, Medium and Micro Enterprises (SMMEs) in Southern Gauteng, South Africa. The study utilized a quantitative research paradigm. A structured questionnaire consisting of validated scales for relationship marketing, green marketing, innovative marketing and business performance was administered to a sample of 231 SMMEs managerial employees in the Southern Gauteng region of South Africa. Smart PLS was used to analyze the data and the results indicated that there are positive relationships between the posited research variables. Implications of the findings are discussed and limitations and future research directions are alluded to.
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Siahainenia, Stevanus Marelly, and Johanis Hiariey. "PROSPEK PENGEMBANGAN UMKM PENGOLAHAN IKAN DI KOTA AMBON." PAPALELE (Jurnal Penelitian Sosial Ekonomi Perikanan dan Kelautan) 1, no. 1 (June 30, 2017): 10–15. http://dx.doi.org/10.30598/papalele.2017.1.1.10.
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Small- and medium Micro Enterprises (SMME) of fish processing in Ambon City play an important role in employment and income, but identified that the enterprises deal with developing problems. The objectives of this research are to identify characteristics of the micro enterprises of fish processing, to analyze financial feasibility, and to identify determinant of development of the micro enterprises of fish processing in Ambon city. Primary data were gathered from six micro enterprise units of fish processing using survey technique, while secondary data were obtained from official publications. Data were analyzed using qualitative and quantitative methods. The results show that the micro enterprises of the fish processing are categorized as a small- and medium enterprise (SMME) based on the business capital, level of production, ineffectual function of institution, locally product marketing, and lack of management skill in business. Empirical results indicate the SMME of CV. Nacha and PT. Maluku Maya Mandiri are feasible to be developed. Some factors that need to be concerned in developing the SMME of fish processing in Ambon city are of capital availability, skilled worker, product promotion, and marketing strategy.
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Viviers, Suzette, and Danie Venter. "Fraud: An SMME perspective." Southern African Journal of Entrepreneurship and Small Business Management 1, no. 1 (December 31, 2008): 51. http://dx.doi.org/10.4102/sajesbm.v1i1.14.
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<p>Given the important socio-economic role performed by Small, Medium and Micro Enterprises (SMMEs) and the negative consequences of fraud on their businesses, the objective of this study was to investigate the perceptions and management of fraud by SMME owners/managers. Respondents were of the opinion that fraud is a serious and increasing problem in corporate South Africa and viewed ethics policy implementation and internal controls as important measures of fraud detection and prevention. Only 10 per cent of respondents, however, made provision in their budgets for combating fraud. It is recommended that SMME owners/managers gain more knowledge on inexpensive yet effective fraud detection and prevention measures.</p><p><strong>Key words and phrases:</strong> Small, Medium and Micro Enterprises (SMMEs), causes of fraud, fraud detection, fraud prevention, internal controls, ethics programmes.</p>
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Brijlal, Pradeep, Samuel Enow, and Eslyn B. H. Isaacs. "The Use of Financial Management Practices by Small, Medium and Micro Enterprises: A Perspective from South Africa." Industry and Higher Education 28, no. 5 (October 2014): 341–50. http://dx.doi.org/10.5367/ihe.2014.0223.
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This paper reports on an investigation of financial management practices used by small, medium-sized and micro-enterprises (SMMEs) in South Africa. It was found that more than half the SMMEs examined use external accounting staff to prepare accounting reports and more than 60% rely on external accounting staff to interpret and use accounting information. A majority of the SMME owners were found to lack interpretation skills and an awareness of how to use information from financial statements. An implication of this study therefore is that policy makers, business support organizations, banks and academic institutions need to focus on educating SMMEs more effectively in financial management, thereby mitigating the risk of cash flow problems and business failure.
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van der Merwe, Michael D., Sara S. Grobbelaar, Isabel A. Meyer, Cornelius S. L. Schutte, and Konrad H. von Leipzig. "A Framework of Key Growth Factors for Small Enterprises Operating at the Base of the Pyramid." Sustainability 12, no. 22 (November 10, 2020): 9327. http://dx.doi.org/10.3390/su12229327.
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Enterprises operating at the Base of the Pyramid (BoP) find it difficult to simultaneously achieve economic (profitable growth) and social (poverty alleviation) outcomes. This study builds on a previously published systematic literature review that identified the key growth-promoting factors of the Small, Medium, and Micro Enterprises (SMMEs) operating in this space. A Grounded Theory Approach was followed to identify six core focus areas, which form the basis of a practical framework to evaluate SMMEs at the BoP, namely: Business modelling; business strategy; innovation; marketing; strategic alliances; and sustainable development. Expert screening interviews were conducted to evaluate the framework for credibility and confirmability. Thereafter, 57 for-profit South African enterprises were surveyed to empirically explore how SMMEs view and implement these framework components. The outcome of the study is a validated high growth-promoting BoP portfolio framework against which SMME owners can evaluate their enterprises to identify areas of growth and development.
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Peters, R., and V. Naicker. "Small medium micro enterprise business goals and government support: A South African case study." South African Journal of Business Management 44, no. 4 (December 31, 2013): 13–24. http://dx.doi.org/10.4102/sajbm.v44i4.165.
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Small and medium-scale enterprises (SMMEs) form the majority of the enterprises in the South African economy. The South African government has identified the SMME sector as one of the potential enablers to achieve its objectives of improving job creation opportunities, reducing poverty and creating a more equitable distribution of wealth. The aim of this article was to provide a perspective on the success government support initiatives has had on the SMME sector. To achieve this, the study sought to analyse the perceived strengths and weaknesses of government’s national strategy and its institutions tasked with creating an enabling environment for the sector. The study employed a survey research design methodology in which mixed methods were used. The national business strategy employed by government was critically analysed. Empirical data was collected from 282 respondents in order to answer the research question. The results show that the government’s approach has favoured ‘supply-side interventions’ including, providing access to training, credit, mentoring and information to existing and new business. Furthermore, this study has identified the lack of awareness as the primary reason for the under-delivery of the government support initiatives in SMME development. Respondents indicated that they frequently made use of the services of business consultants and external specialists from which they perceived added more value to their respective businesses.
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URBAN, BORIS, and BRIAN NDOU. "INFORMAL ENTREPRENEURSHIP: A FOCUS ON SOUTH AFRICAN TOWNSHIP ENTREPRENEURS." Journal of Developmental Entrepreneurship 24, no. 04 (December 2019): 1950021. http://dx.doi.org/10.1142/s1084946719500213.
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The informal sector is increasingly recognized in terms of its entrepreneurial potential. However there is a general lack of empirical research on small, medium and micro enterprises (SMMEs) effectiveness in the informal economy in Africa. Recognizing this research gap, this article investigates entrepreneurial enabling factors in the South African township context to determine their impact on SMME’s performance. Township-based SMMEs in South Africa’s largest province, Gauteng, are surveyed and hypotheses are tested with correlation and regression analyses. Results indicate that access to finance and markets, institutional support, and skill and competency development are all significant predictors of enterprise performance. Empirical investigations in under-researched African contexts are important to highlight differences in enabling factors when compared to western contexts. In South African townships, which are plagued by high inequality, poverty, high unemployment and several other socio-economic challenges, it is an important policy which takes into account the variety of enabling environment factors that impact enterprise performance.
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Makwara, Tendai, Masiwa Mutambara, and Sihle W. Magagula-Hlatjwako. "A comparative literature review survey of employee HIV and AIDS-related corporate social responsibility (CSR) practices in small, micro and medium enterprises (SMMEs) in Zimbabwe and South Africa." Problems and Perspectives in Management 17, no. 1 (April 1, 2019): 339–47. http://dx.doi.org/10.21511/ppm.17(1).2019.29.
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This article reviews employee HIV and AIDS-related corporate social responsibility (CSR) practices by small business in Zimbabwe and South Africa. The article aims to present a comparative snapshot of how SMMEs are responding to the epidemic as a basis for developing a CSR framework that could be implemented by SMMEs in both countries. The article applies an exploratory literature review methodology to extract data from secondary sources. Research findings show that HIV and AIDS-related CSR in Zimbabwe appear disengaged from the direct influence of corporate business, the opposite of what South African SMMEs experience. In South Africa, SMME CSR practices experience pressure from large firms. However, differences in economic status between the two countries show no effect on the CSR behaviors of SMMEs in both countries when compared with each other. In both countries, findings reveal that SMMEs hardly establish HIV and AIDS policies and therefore rely on informal CSR practices to assist employees to deal with the pandemic in the workplace. Thus, the article submits that while HIV and AIDS practices are not formalized in both countries, SMMEs fulfil their epidemic-related CSR obligations towards employees’ corresponding with their smallness. In conclusion, the study recommends an empirical examination of the research question to establish a grounded recommendation for the development of a SMMEs CSR framework that could be implemented by SMMEs in both countries.
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Rogerson, Christian M. "Supporting Small Firm Development in Tourism." International Journal of Entrepreneurship and Innovation 8, no. 1 (February 2007): 6–14. http://dx.doi.org/10.5367/000000007780007335.
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The international experience points to few countries having designated support programmes that are specific to small tourism firms. In 2000 South Africa's Tourism Enterprise Programme (TEP) was launched, functioning as a dedicated support initiative to assist the development and upgrading of small tourism firms within the national tourism economy. This article analyses TEP's activities within the changed environment of post-apartheid tourism development, and highlights the evolution of its innovative operations for supporting tourism entrepreneurship and the upgrading of small, medium-sized and micro-enterprises (SMMEs) in South Africa's tourism economy. It is argued that TEP's activities might provide an example of ‘good practice’ for other developing countries.
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Mbinda, Bukelwa, and John Peter Spencer. "Risks connected to the work force at the small, medium and micro enterprises." Risk Governance and Control: Financial Markets and Institutions 6, no. 4 (2016): 161–66. http://dx.doi.org/10.22495/rcgv6i4c1art7.
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The aim of this paper is to report on, and examine the impacts of, a skills shortage as a constraint on entrepreneurial development in the townships, specifically that of Khayelitsha, and to identify tools that are essential for the Small, Medium and Micro enterprise (SMMEs) businesses, in Khayelitsha. These skills are critical for the future development of the area. The research design employed in data gathering for this study was both qualitative and quantitative, and the questionnaires used required participants to answer open and closed ended questions. The review reveals, among other factors, a lack of a skilled workforce facing these businesses, and the recommendations made could lead to an empowering tool necessary for business ventures and entrepreneurs to succeed.
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Modisane, Phenyo, and Osden Jokonya. "Evaluating the benefits of Cloud Computing in Small, Medium and Micro-sized Enterprises (SMMEs)." Procedia Computer Science 181 (2021): 784–92. http://dx.doi.org/10.1016/j.procs.2021.01.231.
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Sibindi, Athenia Bongani, and Augustine Oghenetejiri Aren. "Is good corporate governance practice the panacea for small-to-medium businesses operating in the South African retail sector?" Corporate Ownership and Control 12, no. 2 (2015): 579–89. http://dx.doi.org/10.22495/cocv12i2c6p1.
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The small, micro and medium business enterprises (SMMEs) sector is universally acclaimed for fostering economic growth in many economies. The health of this sector is largely premised on the observance of good corporate governance tenets. The purpose of this paper is to determine whether good corporate governance practice has been firmly embedded in the small-to-medium enterprise (SMMEs) sector in South Africa. In this study we interrogate the influence of good internal control systems, with a special focus on cash flow management practices on the survival or growth of the SMMEs. This paper utilised qualitative research methods and employed the survey technique amongst the SMMES operating in the retail sector of Pretoria in South Africa. We find evidence that good corporate governance practices enhance cash flow management processes. This is extremely important to the survival of a business, particularly small businesses, and poor corporate governance practices lead to weak cash flow management systems, which can thus lead to small business failure. We also proffer policy advice as to the remedial actions needed to safeguard this sector
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Bruwer, Juan-PierrÃ, and Judith Smith. "The Role of Basic Business Skills Development and Their Influence on South African Small, Medium and Micro Enterprise Sustainability." Journal of Economics and Behavioral Studies 10, no. 2(J) (May 19, 2018): 48–62. http://dx.doi.org/10.22610/jebs.v10i2(j).2216.
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South African Small, Medium and Micro Enterprises (SMMEs) have received vast amounts of attention from both government and scholars over the years, mainly due to the socio-economic value they add to the national economy. Notwithstanding the importance of these business entities to the South African economy, prior research suggests that South African SMMEs have one of the worst sustainability rates in the world; mainly attributable to the influence of unmanaged economic factors. Included in these economic factors is the matter of a scarcity of skills, particularly that of basic business skills. Though limited research has been conducted on the individual business skills which require development in South African SMMEs the perception was formulated that the development of basic business skills in these business entities may have a positive influence on their attainment of key businesses objectives in the foreseeable future. As such, empirical research was performed which fell within the positivistic research paradigm; data were gleaned from South African SMME management through means of a questionnaire. Stemming from the results, it was found that although there is a dire need for the development of basic business skills in South African SMMEs. It can be argued that some basic business skills were more important to develop than others as only a few had a positive influence on the attainment of business objectives.
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Bruwer, Juan-Pierré, and Judith Smith. "The Role of Basic Business Skills Development and Their Influence on South African Small, Medium and Micro Enterprise Sustainability." Journal of Economics and Behavioral Studies 10, no. 2 (May 19, 2018): 48. http://dx.doi.org/10.22610/jebs.v10i2.2216.
Full textAbstract:
South African Small, Medium and Micro Enterprises (SMMEs) have received vast amounts of attention from both government and scholars over the years, mainly due to the socio-economic value they add to the national economy. Notwithstanding the importance of these business entities to the South African economy, prior research suggests that South African SMMEs have one of the worst sustainability rates in the world; mainly attributable to the influence of unmanaged economic factors. Included in these economic factors is the matter of a scarcity of skills, particularly that of basic business skills. Though limited research has been conducted on the individual business skills which require development in South African SMMEs the perception was formulated that the development of basic business skills in these business entities may have a positive influence on their attainment of key businesses objectives in the foreseeable future. As such, empirical research was performed which fell within the positivistic research paradigm; data were gleaned from South African SMME management through means of a questionnaire. Stemming from the results, it was found that although there is a dire need for the development of basic business skills in South African SMMEs. It can be argued that some basic business skills were more important to develop than others as only a few had a positive influence on the attainment of business objectives.
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Bruwer, Juan-Pierré, and Philna Coetzee. "A literature review of the sustainability, the managerial conduct of management and the internal control systems evident in South African small, medium and micro enterprises." Problems and Perspectives in Management 14, no. 2 (June 6, 2016): 201–11. http://dx.doi.org/10.21511/ppm.14(2-1).2016.09.
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The purpose of this research study is to theoretically investigate the sustainability, the managerial conduct of management and the internal control systems evident in South African small, medium and micro enterprises (SMMEs). To achieve the aforementioned, a literature review was conducted through analyzing relevant secondary data from journal articles, theses, dissertations, books, and reports. According to popular literature, the overall sustainability of any organization is strongly influenced by its internal control systems. Taking into account the weak sustainability of South African SMMEs, it appears that the soundness of the internal control systems of these business entities is adversely influenced by the managerial conduct of its management. This is particularly the case, since the managerial conduct of management in South Africa is often described as flexible; the managerial conduct of management makes up a substantial part of the control environment which, in turn, is deemed as the foundation of any system of internal control. In quintessence, the literature reviewed shows that the sustainability of South African SMMEs is adversely influenced by a flexible managerial conduct of management which directly (and negatively) impacts on the soundness of their internal control systems; their abilities to attain relevant objectives in the foreseeable future
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LEKHANYA, Lawrence Mpele. "The Level of awareness of green marketing and its managerial implications amongst selected South African manufacturing Small, Medium and Micro Enterprises (SMMEs) in KwaZulu–Natal." Journal of Economics and Behavioral Studies 6, no. 8 (August 30, 2014): 625–35. http://dx.doi.org/10.22610/jebs.v6i8.523.
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The focus of this paper is to present an exploratory study on the level of awareness regarding green marketing and its managerial implications, among selected, South African Manufacturing Small, Medium and Micro Enterprises (SMMEs), in the province of KwaZulu–Natal (KZN). The concept of green marketing and thought provoking managerial implications are still an issue of concern in the South African manufacturing sector. The study aimed to explore the awareness levels about green marketing by selected South African manufacturing SMMEs in KZN, and the resulting managerial implications. Primary data was collected from 84 manufacturing SMMEs. This research was quantitative in nature and a questionnaire was used to collect data from SMMEs owners/managers in KZN. Findings of the research indicate that SMMEs in the study are aware of green marketing and its managerial implications. It further reveals that SMMEs’ owners/managers indicate that the South African Environmental Act and Consumer Protection Act are additional factors that influence their businesses operations. The paper will benefit SMMEs owners/managers, SMMEs marketing managers, and affiliated stakeholders, by introducing a new understanding of green marketing and how to cope with the demand of new green marketing strategies. Most work on the Green Zone has concentrated on green products, with little emphasis on green marketing and its implications. The findings are limited by the study’s exploratory, quantitative nature and small sample. Generalisation should be done with care and further research, with a large sample and consideration of other provinces, is therefore recommended.
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Forbes, Jolette, and Abraham (Braam) Rust. "Responses of selected enterprises to amended broad-based black economic empowerment legislation." Problems and Perspectives in Management 17, no. 1 (April 3, 2019): 360–69. http://dx.doi.org/10.21511/ppm.17(1).2019.31.
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Broad-Based Black Economic Empowerment (B-BBEE) has been the epitome of policy reform pervading South Africa (SA) since 1994, the end of apartheid. Often making media headlines, it inherently arrogates itself to all stakeholders engaged in commerce with/within SA. This article highlights the results of a qualitative study conducted to investigate recent (2013) changes to the B-BBEE legislative landscape in Cape Town (South Africa), with the focus being on one market segment: Qualifying Small Enterprises (QSEs). These enterprises operate within the same realm as Small Medium and Micro Enterprises (SMMEs). The rationale for such a focus stemmed from QSEs/SMMEs seemingly rigid response to B-BBEE legislative change.The study’s findings were in line with the researcher’s precedential assumption upon its initiation: legislative change to Broad-Based Black Economic Empowerment (B-BBEE) for Qualifying Small Enterprises (QSEs) led to non-compliance and impeded transformation goals. The results give rise to a plethora of valuable insights into the dynamics of the industry, not only for strategic direction to be set for/by stakeholders on both a micro and macro level, but also providing a solid foundation relative to further research to be embarked upon – a notion highly advocated in supporting the integration of sustainable transformation in modern South Africa (SA).
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Lekhanya, Lawrence Mpele. "Perceived marketing intelligence and marketing communications tools used by rural Small, Medium and Micro Enterprise in South Africa." Journal of Economics and Behavioral Studies 6, no. 12 (December 30, 2014): 1004–10. http://dx.doi.org/10.22610/jebs.v6i12.556.
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Previous research revealed that Small, Medium and Micro Enterprises (SMMEs) have been struggling to grow including in rural and remote areas. However, there is little empirical research into how SMMEs promote themselves. To date is not clear about what marketing intelligence and marketing promotional communications they use. The survey intends looking to make contribution in closing research gap by seeking to understand the marketing intelligence and marketing promotional communications tools used by rural SMMEs and to what extent they used these tools and what are the limitations they have. This research aims to examine the perceived marketing intelligence and marketing communications tools used by South African rural SMMEs , to identify limiting factors to the used and establish the extend to use and their implications. The study population consisted of 374 respondents in five rural areas of KwaZulu – Natal province in South Africa (Empangeni, Ulundi, Nquthu, Escourt and Kwa-Nongoma). A quota sampling method was used to determine desired target population. Quantitative Likert scale questionnaire was designed and personal distributed to the respondents. Respondents were giving 7 days to complete questionnaire. Data analysis was done using SPSS (21.0) version. Figures and tables were used to present research findings. Statistical analysis revealed that marketing intelligence and marketing promotional tools were applied and found to be significant. The study found that promotional communication tools that cover both marketing promotional mix and marketing intelligence used by rural SMMEs are significant (p=.000*)
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Garg, Ajay K., and Phillip NT Phaahla. "Factors Affecting the Business Performance of Small Businesses in Sekhukhune." Journal of Economics and Behavioral Studies 10, no. 4(J) (September 14, 2018): 54–67. http://dx.doi.org/10.22610/jebs.v10i4(j).2407.
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This study identifies the factors that affect the business performance of Small, Micro and Medium Enterprises (SMMEs) in the Sekhukhune District of the Limpopo Province in South Africa. The study collected data from a randomly selected sample of 200 SMMEs and used WARP PLS software to analyse data. The results indicated that five factors, namely “financeâ€, “characteristics of entrepreneursâ€, “location of businessâ€, “government supportâ€, as well as “products and services†were positively related to business performance. In contrast to other studies, this study found that owners’ personal funds and their proper management played a key role in the performance of businesses. This has a major implication for government support agencies that provide funding opportunities.
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Chimucheka, Tendai. "The Impact of Entrepreneurship Education on the Establishment and Survival of Small, Micro and Medium Enterprises (SMMEs)." Journal of Economics 4, no. 2 (December 2013): 157–68. http://dx.doi.org/10.1080/09765239.2013.11884975.
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Xesha, Dumisani, Chux Gervase Iwu, and Andre Slabbert. "Business Relationships as a Driver of Success for Small, Medium, and Micro Enterprises (SMMEs) in South Africa." Journal of Economics 5, no. 1 (April 2014): 37–43. http://dx.doi.org/10.1080/09765239.2014.11884982.
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Worku, Zeleke. "Barriers to the development of entrepreneurial activities in newly established small, micro and medium sized enterprises in Tshwane." Corporate Ownership and Control 12, no. 3 (2015): 317–31. http://dx.doi.org/10.22495/cocv12i3c3p4.
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The purpose of the study was to identify and quantify differential factors that are known to adversely affect sustained growth and development in newly established Small, Micro and Medium Sized Enterprises (SMMEs) conducting business in and around Tshwane in South Africa. The study is based on a 5-year follow-up study (2007 to 2012) of a random sample of 349 small business enterprises that operate in and around the City of Pretoria in South Africa. Data was gathered from each of the businesses on socioeconomic factors that are known to affect the long-term survival of small businesses. The objective of the study was to identify and quantify key predictors of viability and long term survival. The study found that 188 of the 349 businesses that took part in the study (54%) were not viable, and that the long-term survival and viability of small businesses was adversely affected by lack of entrepreneurial skills, lack of supervisory support to newly established businesses, and inability to operators running newly established businesses to acquire relevant vocational skills
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Aren, Augustine Oghenetejiri, and Athenia Bongani Sibindi. "Cash flow management practices: An empirical study of small businesses operating in the South African retail sector." Risk Governance and Control: Financial Markets and Institutions 4, no. 2 (2014): 87–100. http://dx.doi.org/10.22495/rgcv4i2c1art1.
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The small, micro and medium business enterprises (SMMEs) sector is universally acclaimed for fostering economic growth in many economies. The health of this sector is largely premised on the observance of prudent financial management tenets, mainly cash flow management. In this study we interrogate the influence of cash flow management practices on the survival or growth of the SMMEs by conducting a survey amongst the SMMES operating in the retail sector of Pretoria in South Africa. We find evidence that cash flow management is extremely important to the survival of a business, particularly small businesses, and poor cash flow management can also lead to small business failure. We also proffer policy advice as to the remedial actions needed to safeguard this sector.
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Isaacs, Eslyn. "Role of Support Organizations for SMMEs in a Global Environment." Industry and Higher Education 21, no. 1 (February 2007): 31–42. http://dx.doi.org/10.5367/000000007780222741.
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Many owners of small, medium-sized and micro enterprises (SMMEs) are not highly educated but are so motivated that they take uncalculated risks when starting their own businesses – often with disastrous consequences. It is therefore imperative that these owner-managers are provided with the right type of services to ensure that they do not become part of the SMME failure statistics. These owners are frequently not even aware of the existence of support organizations, because in many instances the organizations do not market their services properly due to limited funds. In countries that have policies specifically targeted at SMMEs, the rate of SMME development is much faster than in countries without such policies and it is evident that the role of support service providers is important. A typical service model should include at least some of the following services: business functions; education and training; consulting, counselling and coaching; policy and advocacy; and networking and infrastructure.
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Joubert, C. S., N. J. Schoeman, and J. N. Blignaut. "Small, Medium and Micro-Sized Enterprises (SMMEs) and the housing construction industry: A possible solution to South Africa's socio-economic problems." South African Journal of Economic and Management Sciences 2, no. 1 (March 31, 1999): 21–33. http://dx.doi.org/10.4102/sajems.v2i1.2561.
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South Africa as a developing country faces many socio-economic problems like high unemployment, low levels of working skills, poverty and rampant crime. In this paper it is argued that by targeting SMMEs both in general and specifically in the housing construction industry, there is meaningful scope for the creation of jobs in the South African economy. This is mainly because SMMEs are labour intensive. Using Endogenous Growth theory as a basis, it is argued that by employing greater numbers of workers the level of skills in the economy can be raised too.
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Bruwer, Juan-PierrÃ. "Do Internal Control Activities Adversely Influence the Profitability and Solvency of South African SMMEs?" Journal of Economics and Behavioral Studies 10, no. 1(J) (March 15, 2018): 49–58. http://dx.doi.org/10.22610/jebs.v10i1(j).2088.
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Internal control activities should provide reasonable assurance surrounding the attainment of business objectives in the foreseeable future, be they financial or non-financial in nature. Recent studies suggest that internal control activities used within South African Small, Medium and Micro Enterprises (SMMEs) are inadequate and/or ineffective they do not provide reasonable assurance surrounding the attainment of relevant objectives. For this study emphasis was placed on whether internal control activities used by South African SMMEs had an adverse influence on their profitability and solvency. Data were obtained from 119 members of management of South African SMMEs, which allowed a total of14 relationships to be tested. Only four relationships were found to be statistically significant which led to the rejection of the two developed hypotheses. Stemming from the results, it appears that there may be a need for the development of formal policies pertaining to internal control within a South African SMME dispensation.
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Bruwer, Juan-Pierré. "Do Internal Control Activities Adversely Influence the Profitability and Solvency of South African SMMEs?" Journal of Economics and Behavioral Studies 10, no. 1 (March 15, 2018): 49. http://dx.doi.org/10.22610/jebs.v10i1.2088.
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Internal control activities should provide reasonable assurance surrounding the attainment of business objectives in the foreseeable future, be they financial or non-financial in nature. Recent studies suggest that internal control activities used within South African Small, Medium and Micro Enterprises (SMMEs) are inadequate and/or ineffective they do not provide reasonable assurance surrounding the attainment of relevant objectives. For this study emphasis was placed on whether internal control activities used by South African SMMEs had an adverse influence on their profitability and solvency. Data were obtained from 119 members of management of South African SMMEs, which allowed a total of14 relationships to be tested. Only four relationships were found to be statistically significant which led to the rejection of the two developed hypotheses. Stemming from the results, it appears that there may be a need for the development of formal policies pertaining to internal control within a South African SMME dispensation.
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Zhou, Helper, and Victor Gumbo. "Rural-Urban Comparison of Manufacturing SMMEs Performance in KwaZulu Natal Province, South Africa." African Journal of Development Studies (formerly AFFRIKA Journal of Politics, Economics and Society) 11, no. 1 (March 1, 2021): 7–31. http://dx.doi.org/10.31920/2634-3649/2021/v11n1a1.
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The paper investigated the role of location on the performance attributes of manufacturing Small, Micro and Medium Enterprises (SMMEs) in South Africa’s second-largest province of KwaZulu Natal (KZN). Panel data from 191 SMMEs covering three years between 2015 and 2017 were analysed using R software. The results utilising the Random Effects Within-Between (REWB) technique show that SMMEs in KZN have related characteristics but the extent to which they influence performance is moderated by location. The findings also indicate that the use of digital media and liability registration negatively affects the performance of urban-based, with no effect on rural-based enterprises. Based on the findings, it was recommended that SMMEs in KZN should focus on productivity, permanent employees, temporary employees and total assets to drive performance despite their locations. Based on this study, the government has an informed basis for the development of effective interventions for SMMEs in the province.
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Duffett, Rodney, Tudor Edu, Norbert Haydam, Iliuta-Costel Negricea, and Rodica Zaharia. "A Multi-Dimensional Approach of Green Marketing Competitive Advantage: A Perspective of Small Medium and Micro Enterprises from Western Cape, South Africa." Sustainability 10, no. 10 (October 18, 2018): 3764. http://dx.doi.org/10.3390/su10103764.
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The study focuses on green competitive advantage from a multi-dimensional perspective, investigating the impact of green marketing tools and company descriptive variables on these dimensions. The data were collected from small, medium and micro enterprises (SMME) from Western Cape/South Africa, an area marked by long-term water consumption restrictions. A qualitative approach was considered for variable tailoring to the SMMEs’ peculiarities, followed by a quantitative study, employing a sample of 237 companies, for testing each competitive advantage dimension against the established green marketing tools and company descriptive variables using logistic regressions. Each competitiveness variable was explained by at least one green marketing tool. Donating money and/or allocating time for environmental purposes explained three dependent variables, while selling biodegradable/recycled/refurbished products had an inverse relationship with two of them. Business type and number of operational years had a significant impact on three dimensions. This study enriches the literature by using green competitive advantage dimensions and not a latent factor, analyzing the impact of company descriptive variables as explanatory variables and prompting green strategies for small and medium businesses. The model could be improved by tests in other geographic areas, including green distribution and price variables and other descriptive factors (turnover, responsible investment and internationalization).
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Bruwer, Juan-Pierré, Philna Coetzee, and Jacolize Meiring. "Can internal control activities and managerial conduct influence business sustainability? A South African SMME perspective." Journal of Small Business and Enterprise Development 25, no. 5 (October 8, 2018): 710–29. http://dx.doi.org/10.1108/jsbed-11-2016-0188.
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Purpose The purpose of this paper is to determine the empirical relationships that exist between two of the elements of a sound internal control system, namely internal control activities and managerial conduct, and the perceived sustainability of South African small, medium and micro enterprises (SMMEs). Design/methodology/approach Data were obtained from management and employees of 100 South African SMMEs operating in the Fast Moving Consumer Goods industry. All participants were interviewed by means of face-to-face structured interviews due to the complexity of the questions posed. Findings Only general management competencies have a relationship with the economic sustainability of these business entities. The rejection of three of the four hypotheses supports the current poor sustainability rate with approximately 75 per cent of South African SMMEs having to close their doors after being in operation for only three years. Originality/value As this study is the first of its kind for SMMEs, and although limited relationships were identified, it is crucial for management of SMMEs as well as government bodies that have an influence sphere over these entities, to ensure that SMME management incorporate crucial internal control activities and appropriate management conduct in their businesses.
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Khoase, Refiloe, Evelyn Derera, Brian McArthur, and Patrick Ndayizigamiye. "Perceptions of Small, Medium and Micro Enterprises’ (SMMEs) owners on services provided by the supporting institutions in South Africa." Journal of Gender, Information and Development in Africa 8, no. 2 (August 15, 2019): 139–60. http://dx.doi.org/10.31920/2050-4284/2019/8n2a8.
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Jere, Mlenga, Albertina Jere, and Jonathan Aspeling. "A study of small, medium, and micro-sized enterprise (SMME) business owner and stakeholder perceptions of barriers and enablers in the South African retail sector." Journal of Governance and Regulation 4, no. 4 (2015): 620–30. http://dx.doi.org/10.22495/jgr_v4_i4_c5_p7.
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Despite the support extended to the small business sector in South Africa, the growth and survival rates of small, medium, and micro-sized enterprises (SMMEs) are lower than expected. This paper investigates business owner and stakeholder perceptions of barriers and enablers of the start-up, survival, and growth of SMMEs in the South African retail sector. A qualitative research design using semi-structured interviews was employed for data collection from samples of stakeholders and business owners. Framework analysis was used to analyse both sets of data. The findings show that the stakeholders and business owners consider the lack of support, competition, skills shortages, and poor internal controls as the key barriers to the start-up, survival, and growth of SMMEs. Stakeholders considered the business environment as the key enabler while the business owners regarded increasing demand as the key enabler. To address the barriers, recommendations relating to skills development, funding, shelter and services, and other business development resources are presented.
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Fatoki, Olawale. "Access to Finance and Performance of Small Firms in South Africa: the Moderating Effect of Financial Literacy." WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS 18 (January 5, 2021): 78–87. http://dx.doi.org/10.37394/23207.2021.18.9.
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The failure rate of small medium and micro enterprises (SMMEs) is very high in SouthAfrica. One of the challenges faced by SMMEs is inaccessibility to external finance. There is ageneral low level of financial literacy amongst small business owners in South Africa leading to illinformed financial decisions. Financial literacy is an important knowledge resource for financialdecision-making but little research has focused on how financial literacy affects the performance ofSMMEs. The aim of the study was to examine if financial literacy moderates the relationship betweenaccess to finance and performance of SMMEs in South Africa. The cross-sectional survey methodwas used for data collection in a quantitative study. Descriptive statistics, Pearson correlation andhierarchical regression were used for data analysis. The Cronbach’s alpha was used as a measure ofreliability. The findings indicated that the relationship between access to finance and financial literacyis significant. The findings also showed that financial literacy moderates the relationship betweenaccess to finance and performance of SMMEs. Empirically, the study added to the body of literatureon financial literacy, access to finance and performance of SMMEs. Practically, recommendations toimprove the financial literacy of SMMEs are suggested.
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Harini, Sri, Erni Yuningsih, and Susi Hambany. "Small micro and medium entreprise empowerment strategy through stakeholder involvement to increase the performance." Management Journal of Binaniaga 4, no. 2 (December 30, 2019): 33. http://dx.doi.org/10.33062/mjb.v4i2.334.
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The purpose of the research is to identify and mapping of Micro Small and Medium Enterprises (MSMEs) condition in Bogor area, also to recommendation the policy and empowerment the policy of SMME through the stakeholder involvement, so it can be able to increase the MSMEs performance. The research’s object is MSMEs in Bogor area. It uses the SWOT analysis with the desk study research method that is collecting data or seconder information that relevant to the research activity and approach method survey that is collecting the data or primer information with in-depth interview method and Focus Group Discussion (FGD), and the parties relating to this research. Finding this research is value of IFAS score of 2.90 and the value of EFAS score of 2.55 then obtained Matric Internal-External (IE Matric). Based on the above conditions where the relative IFAS score above average and EFAS score medium, then strategy that can be applied to that position is stability strategy or growth through horizontal integration. Key-words: strategy, empowerment, and performance.
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Ngcobo, Sandiso, and S. Sukdeo. "Challenges facing SMMEs during their first two years of operation in South Africa." Corporate Ownership and Control 12, no. 3 (2015): 505–12. http://dx.doi.org/10.22495/cocv12i3c5p2.
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Unemployment is a serious problem that is facing South Africa (SA) and many countries across the globe. As a result, Small, Micro and Medium Enterprises (SMMEs) have been identified as some of the suitable entities for job creation in SA. However, not many of the SMMEs experience success to the point that they can significantly contribute to the alleviation of unemployment. The objective of this paper is therefore to investigate possible challenges that SMMEs experience. The findings generally point to a need for awareness campaigns as some of the concerns raised by the participants are not legitimate. Even though the investigation was conducted in SA in the province of KwaZulu-Natal the findings are considered relevant for the rest of the country and many other parts of the world experiencing similar challenges
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Radipere, Simon, and Watson Ladzani. "The effects of entrepreneurial intention on business performance." Journal of Governance and Regulation 3, no. 4 (2014): 210–22. http://dx.doi.org/10.22495/jgr_v3_i4_c2_p4.
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The study examined the relationship between entrepreneurial intention and business performance using 500 small, micro and medium enterprises (SMMEs) in Gauteng province, South Africa. A questionnaire was used to collect data. The findings from the survey were modelled through a categorical regression model with business performance as a dependent variable. The level of significance of eight out of twelve variables suggests that entrepreneurial intention be classified as the strongest predictor of business performance. These findings, depicting the magnitude of the business environment in the study area, clearly confirm the positive impact of entrepreneurial intention on business performance.
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Mabotja, Lizzie L. "Is South African Manufacturing SMMEs Ready for the Fourth Industrial Revolution?" Journal of Education and Vocational Research 9, no. 2 (April 7, 2019): 20–26. http://dx.doi.org/10.22610/jevr.v9i2(v).2798.
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The fourth industrial revolution is unquestionably resulting in significant changes in the workforce landscape, technological advancements, industry relations and it affects all aspects of society and the economy. This research paper is based on results from an earlier study focused on the challenges faced by small, medium and micro enterprises (SMMEs), sharing results from survey data and in-depth interview analyses conducted. A sample of 66 SMMEs was selected purposefully from the Small Enterprise Development Agency (SEDA)’s database where manufacturing SMMEs alluded to some of the critical challenges they are facing. A key finding from the research was that technological advancement and digital manufacturing are significant challenges for manufacturing SMMEs in South Africa. Small businesses are critical to South Africa’s ability to participate profitably in the fourth industrial revolution. The research shows that there are significant challenges for manufacturing SMMEs and that should be urgently addressed if South Africa is to participate advantageously in the fourth industrial revolution. This study recommends embedding technology into education and embracing new advancements and machinery within the education system. A change in the education system will help create a supply for future skills needed in the manufacturing sector. Manufacturing SMMEs contribute to a stronger economy and should embrace automation and artificial intelligence; this requires determined and collaborative efforts from government, its agencies and private sector through broader information sharing, planning for future skills and a dedicated fund for technology and modern machinery funding across various industries, particularly manufacturing.