Challenges, barriers and policy development for South African SMMEs – does size matter?

Botha, Annerie; Smulders, Sharon; Combrink, Hermanus Adriaan; Meiring, Jacolize

doi:10.1080/0376835x.2020.1732872

Cited by 12 publications

(14 citation statements)

References 15 publications

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“…The areas, described above, wherein obstacles are encountered, tie in with the reasons highlighted by the authors, Falkena et al (n.d.), Choi and Nazareth (2014) and Noko (2019), as to why MSMEs find it difficult to acquire funds. The findings also support the research of Maphalla et al (2009), Beck and Demirguc-Kunt ( 2006), Maphalla et al (2009), Tsoabisi (2014) and Botha et al (2020) The data revealed that, while some MSMEs may find it easy to access funds and financial support, the majority find this difficult, predominantly due to the stringent requirements associated with obtaining funds or financial support for businesses, which MSMEs are not able to adhere to, as well as the complexity and length of time associated with obtaining finances for the business. This seems to be exacerbated by notions of the process being tainted with elements of corruption as well as a general lack of knowledge, on the part of MSME owners, as to the sources and processes associated with obtaining financing for the business.…”

supporting

confidence: 89%

“…Typical institutions that are tasked to support MSMEs with funding include the GEP, SEFA, SEDA, DTI and Ntsika (Booyens, 2011). Institutions such as Ntsika, Khula and SEFA were specifically created to offer financial support to SMMEs (Mago & Toro, 2013), as well as a number of other government support programmes, including the following: Small Enterprise Development Agency; Centre for Small Business Development (CSBD); National Empowerment Fund; Industrial Development Corporation (IDC); National Development Agency (NDA); Umsobomvu Youth Fund (UYF); Community and Development Association (CEDA); and South African Microfinance Apex Fund (Agwa-Ejon & Mbohwa, 2015;Rogerson, 2004;Botha, Smulders, Combrink & Meiring, 2020).…”

Section: Introductionmentioning

confidence: 99%

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Obstacles faced by owners of township micro, small and medium enterprises to acquire funds for survival and growth (2010-2020)

Wiid¹,

Cant²

2021

JESI

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It is the belief of many governments that the development of micro, small and medium enterprises (MSMEs) will stimulate economic growth, create jobs and assist in the obliteration of poverty. However, the achievement of these envisaged benefits is dependent on healthy and growing MSMEs as well as the provision of funds to facilitate and stimulate growth. Despite various interventions by the SA government, many MSMEs have failed due to a lack of support from the financial institutions tasked with providing capital and funding to these enterprises. This article focuses on the obstacles that restrain business growth and identifies the challenges that owners of township MSMEs face and need to overcome to acquire funds from financial institutions and government support programmes. Exploratory research, conducted among 498 MSMEs located in South African townships, revealed that the obstacles, which are restraining growth relate to the economic climate, business environment, personnel and finances. The challenges to access funds can be grouped into three possible constructs: institutional requirements, administrative aspects and perceptions of financial institutions. Despite the many obstacles in the path to acquiring funds for their survival and growth, MSMEs have continued to operate on a small scale. However, the reality is that, without much needed funds and financial support, it will be difficult for MSMEs to grow and reach their full potential, which will hinder their ability to bear the envisaged fruits of economic growth and the obliteration of poverty.

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supporting

confidence: 89%

Section: Introductionmentioning

confidence: 99%

Obstacles faced by owners of township micro, small and medium enterprises to acquire funds for survival and growth (2010-2020)

Wiid¹,

Cant²

2021

JESI

View full text Add to dashboard Cite

show abstract

“…Details of these criteria are given in Table 1. Economic Conditions (criterion 1) [22], [23] Technological Infrastructure (criterion 2) [24], [25] Capacity of health system (criterion 3) [26], [27] Production Capacity (criterion 4) [28] Social (Dimension 2) Population (criterion 5) [29], [30], [31] Social Distance (criterion 6) [32], [33] Tendency of Obeying Rules (criterion 7) [34], [35] Density of elderly people and chronic diseases (criterion 8) [36], [37] As can be seen from Table 1, the economic performance of the country is of great importance in order to effectively ght epidemic diseases. In the process of combating pandemic diseases, many different costs will arise.…”

Section: Methodsmentioning

confidence: 99%

“…Additionally, in those times, personnel connections are reduced for fear of infection and social distance is created. As a result, income can reduce since most of the companies have to shut down [22]. So, in the period of epidemics, economically fragile states cannot able to perform the most basic government functions such as offering public services, providing unemployment funds.…”

Section: Literature On Technical Factorsmentioning

confidence: 99%

Multi-dimensional Strategic Approach to the Communicable Diseases With Systemic Risks by Using IT2 Fuzzy Decision-making Modelling

Wang¹,

Yang²,

Yüksel³

et al. 2020

Preprint

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Background Communicable diseases lead to significant social and financial burden for the countries. Therefore, countries should define their social and technical factors for struggling these problems. The main purpose of this study is to determine the effective strategies to minimize socio-economic burden of these diseases. Methods For this purpose, 8 different criteria are identified based on the literature analysis. In the evaluation process, the significance levels of these factors are calculated by considering interval-valued intuitionistic fuzzy (IVIF) DEMATEL. Findings: The findings show that technological infrastructure, social distance, and tendency of obeying rules are the most significant items to control these problems. This situation explains that countries should have the necessary equipment to make the diagnosis quickly and effectively. In addition, countries that have effective laboratories in which vaccines and drugs can be developed can be more successful in combating these pandemics. Additionally, it is also defined that cultural factors play also key role to control these problems. Conclusions In this framework, it is vital that the people in the country take the rules set by the government seriously and without exception. For this purpose, it should be explained to citizens living in the country that personal hygiene, social distance and not entering crowded environments are very important to manage these problems. For this purpose, role model people in the country can be preferred in different platforms so that it can be more effective on the citizens.

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Section: Methodsmentioning

confidence: 99%

Multi-dimensional strategic approach to the communicable diseases with systemic risks by using IT2 fuzzy decision-making modelling

Wang

Yang

Yüksel

et al. 2020

Preprint

View full text Add to dashboard Cite

Background: Communicable diseases lead to significant social and financial burden for the countries. Therefore, countries should define their social and technical factors for struggling these problems. The main purpose of this study is to determine the effective strategies to minimize socio-economic burden of these diseases.Methods: For this purpose, 8 different criteria are identified based on the literature analysis. In the evaluation process, the significance levels of these factors are calculated by considering interval-valued intuitionistic fuzzy (IVIF) DEMATEL. Results: The results show that technological infrastructure, social distance, and tendency of obeying rules are the most significant items to control these problems. This situation explains that countries should have the necessary equipment to make the diagnosis quickly and effectively. In addition, countries that have effective laboratories in which vaccines and drugs can be developed can be more successful in combating these pandemics. Additionally, it is also defined that cultural factors play also key role to control these problems. Conclusions: In this framework, it is vital that the people in the country take the rules set by the government seriously and without exception. For this purpose, it should be explained to citizens living in the country that personal hygiene, social distance and not entering crowded environments are very important to manage these problems. For this purpose, role model people in the country can be preferred in different platforms so that it can be more effective on the citizens.

show abstract

Challenges, barriers and policy development for South African SMMEs – does size matter?

Cited by 12 publications

References 15 publications

Obstacles faced by owners of township micro, small and medium enterprises to acquire funds for survival and growth (2010-2020)

Obstacles faced by owners of township micro, small and medium enterprises to acquire funds for survival and growth (2010-2020)

Multi-dimensional Strategic Approach to the Communicable Diseases With Systemic Risks by Using IT2 Fuzzy Decision-making Modelling

Multi-dimensional strategic approach to the communicable diseases with systemic risks by using IT2 fuzzy decision-making modelling

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