Local economic development in Nelson Mandela Bay and Buffalo City Metropolitan Municipalities: An empirical investigation

Ngatiane, Mativenga; Dyubhele, Noluntu; Lloyd, Hendrik

doi:10.5897/ajbm2017.8343

Cited by 2 publications

(1 citation statement)

References 21 publications

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“…The city is famous because of its key economic sectors including car manufacturing, tourism, water sports, textile manufacturing, mining, agriculture and maritime at the two ports: Port Elizabeth and Ngqura. Despite well-established sectors, the metro faces challenges related to lack of skilled labour, high youth unemployment, poor housing, rising poverty, scarcity of water leading to poor sanitation, among others (Natiane et al 2021;Perks, 2010). Micro small and medium enterprises are believed to be solutions to some of the problems in NMB metro.…”

Section: Theoretical Perspective To the Studymentioning

confidence: 99%

The Factors Influencing Business Sustainability of Food Truck Entrepreneurs: A Case of Nelson Mandela Bay, South Africa

Loots,

Iwu,

Makoza

2024

J. Professional Business Review

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Purpose: Within the Nelson Mandela Bay Metropolitan Municipality in South Africa, no record of factors that inhibit the successful pursuit of the food truck business exists. This study closes this gap, as its chief goal was to ascertain the factors influencing the sustainability of food truck entrepreneurs in Nelson Mandela Bay (NMB). Theoretical Framework: The study used a conceptual framework developed from previous studies on factors that affect food truck entrepreneurs and business sustainability. Design/Methodology/Approach: Data for the study was collected through semi-structured interviews with seven food truck entrepreneurs from NMB. The data was analysed using thematic analysis. Findings: Reviewing the factors that have been highlighted in this study, it is evident that several factors are most important for a food truck business to remain sustainable and profitable. It was established that both internal and external factors play an important role in the success of a food truck business. A framework that highlights the factors influencing a food truck business in NMB has been created for ease of use by entrepreneurs in the food truck industry. Research, Practical & Social Implications: Prospective and current practitioners in the field can predict the long-term success of their endeavours by understanding the factors. The framework can also be used by metro officials and local governments to determine where support might be needed to promote and support entrepreneurs in their business ventures by reviewing policies and regulations. Originality/Value: Improved regulations could help food truck owners grow their businesses, employ more people, and upskill others.

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Section: Theoretical Perspective To the Studymentioning

confidence: 99%

The Factors Influencing Business Sustainability of Food Truck Entrepreneurs: A Case of Nelson Mandela Bay, South Africa

Loots,

Iwu,

Makoza

2024

J. Professional Business Review

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Contributions and challenges of informal traders in local economic development

Ramasimu¹,

Ramasimu²,

Nenzhelele³

2023

CGOBR

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Unemployment, poverty, and lack of income contributed to the rising number of people participating in informal trading (Zhanda et al., 2022). Informal street traders are faced with many challenges, namely, unavailability of funds, support from the government, infrastructure, lack of management skills, and marketing skills (Connor & Charway, 2020; Manzana, 2019). Hence, this research investigates the contributions and challenges of informal traders in local economic development in Thulamela municipality. The research was quantitative in nature and used a self-administered questionnaire to collect data. The questionnaires were hand-delivered to the respondents. Probability sampling techniques, specifically, cluster sampling was used to sample 100 Thulamela municipality informal traders. A 96 percent response rate was achieved in this research. Descriptive statistics were used to describe the collected data. The study found that informal street traders experienced lack of financial assistance from government, lack of management skills, and lack of marketing skills. However, the research established that the informal sector creates job opportunities, income source, and lead to poverty reduction. Consequently, it is recommended that government and private sector should initiative strategies to support informal traders. Informal traders should strive towards formalizing their business to access support offered by government and private sector.

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Local economic development in Nelson Mandela Bay and Buffalo City Metropolitan Municipalities: An empirical investigation

Cited by 2 publications

References 21 publications

The Factors Influencing Business Sustainability of Food Truck Entrepreneurs: A Case of Nelson Mandela Bay, South Africa

The Factors Influencing Business Sustainability of Food Truck Entrepreneurs: A Case of Nelson Mandela Bay, South Africa

Contributions and challenges of informal traders in local economic development

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