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

Jere, Mlenga; Jere, Albertina; Aspeling, Jonathan

doi:10.22495/jgr_v4_i4_c5_p7

Cited by 9 publications

(6 citation statements)

References 22 publications

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“…SMEs' skills are essential for developing business plans, employing resources effectively, accomplishing business goals and objectives, and sustaining and maintaining improved business efficiency (Carter & Tamayo, 2017). SME owners should separate their personal and business capital to maintain the sustainability of their businesses (Jere, Jere & Aspeling, 2015) Financial support SMEs struggle to manage successful businesses without the accessibility of financial support (Yoshino & Taghizadeh-Hesary, 2016). SMEs face difficulties accessing financing from financial institutions due to a lack of assets that may be used as collateral (Sibanda, Hove-Sibanda & Shava, 2018& SEDA, 2016.…”

Section: Technical Skillsmentioning

confidence: 99%

Support from the government for SMEs in South Africa

Ramasimu,

Majadibodu,

Ladzani

2023

IJRBS

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This study intended to investigate how the Lephalale Local Municipality's small and medium companies (SMEs) are hampered by a lack of government support. This study also aims to demonstrate how SMEs face difficulties in surviving as a result of problems in the business environment. Consequently, the government of South Africa has programs to assist SMEs. The growth of SMEs is important for advancing innovation, wealth distribution, and employment. The majority of SMEs launch and maintain their businesses with their own money. By using a qualitative research approach and semi-structured in-person, phone, and email interviews to collect data, the goals of this study were met. There were 318 registered SMEs in the area. Using purposive sampling methods, data from operational enterprises with a lifespan of 0 to 5 years were gathered. Atlas TI 8 was used to evaluate the data. The primary conclusions of this study show that (i) small and medium-sized enterprises (SMEs) find it difficult to maintain their operations because they lack access to capital and business equipment. This fails if SMEs are not given the proper support. Because they lack the resources to compete with big companies, SMEs find it challenging. (ii) Small and medium-sized enterprises (SMEs) should think about enrolling in bookkeeping training and sending their staff to business training in order to network for the survival of the company. In order to assist SMEs in fulfilling the requirements for maintaining their enterprises, this study advises the government to examine present standards. With the right assistance, SMEs can create business plans and maintain operations, which will result in the creation of jobs, particularly for local communities. The government ought to think about mentoring and overseeing sponsored SMEs.

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Section: Technical Skillsmentioning

confidence: 99%

Support from the government for SMEs in South Africa

Ramasimu,

Majadibodu,

Ladzani

2023

IJRBS

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“…The omni-channel shopper is a multichannel method to sales that focuses on offering smooth customer experience virtually and /or offline using mobile devices or computers. Therefore, examining the perceptions of the small and medium retail operators about the effect of the pandemic on their operations in the pandemic era is imperative (Jere, Jere & Aspeling, 2015). The aim of this paper is to ascertain participants position with respect to the identified scenarios, internal struggles and opportunities, and outward struggles and opportunities, as they experienced during the pandemic.…”

Section: Harvard Deusto Business Researchmentioning

confidence: 99%

Full Issue Vol 10 No 2 (2021)

Research¹

2021

hdbr

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Harvard Deusto Business ResearchLetter from guest Editor sector to improve its capacity. There is no doubt that health workers face enormous health challenges of their own during a pandemic. And this is in part what Foluso Philip Adekanmbi and Wilfred Isioma Ukpere set out to examine in their paper 'Promoting the Mental Health of Healthcare Workers during COVID19 Pandemic: the influence of psychosomatic problems (work-related stress), social support, fear of COVID-19 and demographics' in Nigeria. The authors note that efficient and comprehensive actions should be taken promptly to positively increase the healthcare workers' mental and social health.The paper, COVID-19 pandemic and the South African township economy: A focus on King Williams Town, Eastern Cape, South Africa, is authored by the trio of Solomon Omonona, Olabanji Oni and Olugbenga Joseph Oluwole. The paper reports that the pandemic has negatively affected micro and small businesses to such an extent that business continuity is in doubt post Covid. Post Covid-19, many businesses are unlikely to feature. Therefore, it is critical to start early to seek survival strategies for them in Nigeria. That's the argument of Uchenna Eze Benneth, Daniel Agbi Babatunde, and Oluwaseun Adenuga Ademolu in their paper -COVID-19 pandemic: a qualitative evaluation of MSMEs survival strategies in Nigeria. Their paper offers some interesting strategies for MSMEs survival.Understanding Chinese culture is critical to appreciating how its research practices are cultivated. This is the view of Martin Sposato in the paper 'A note on what do we talk about when we talk about Chinese Research?' who argues that this approach presents a clearer picture of the different cultural (Asian) influences.Patricia Vargas Portillo offers 'Brief notes on the effects of the coronavirus on e-sales of small and medium-sized companies in Spain'. Here, Patricia urges us to be circumspect in how we relate with customers these days because they have equally become wise.Enjoy the read! 254

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“…The post-COVID-19 retail landscapes: Perceptions of Small and Medium Size Retailers in South Africa identifying culturally and socially with the community infrastructures. That explains why they are not isolated or excluded by the community members from where they operate (Jere, Jere & Aspeling, 2015). The informal retail traders have become recognised by government in Poland, because not all consumers can afford to shop at the location of the formal retail shops.…”

Section: Nature Of Small and Medium Retailersmentioning

confidence: 99%

post-COVID-19 retail landscapes

Abe

Mugobo

2021

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This paper offer insight to the substantial role of the small and medium retailers (S&M) and how Covid-19 has impacted the sector. The economic contribution of this group of retailers have been noted to be high. Policy measures of the government of South Africa in response to the pandemic was severe on the informal retailers who were stopped from operating their businesses. The paper highlighted the internal and external struggles and opportunities of the retailers. There is the need to revalue the sector according to its contribution to the society, assist the retailers to improve on their infrastructure, formalise their practises, embark on reform programmes aimed at improving their capacities.

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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

Cited by 9 publications

References 22 publications

Support from the government for SMEs in South Africa

Support from the government for SMEs in South Africa

Full Issue Vol 10 No 2 (2021)

post-COVID-19 retail landscapes

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