- Title
- The effectiveness of Coega Development Corporation’s financing subsidiary in enabling small and medium enterprise construction projects
- Creator
- Heynes, Vincent Ernest
- Subject
- Coega Development Corporation
- Subject
- Small business -- Management
- Subject
- Construction industry -- Management
- Subject
- Project managers Project management
- Date Issued
- 2024-04
- Date
- 2024-04
- Type
- Master's theses
- Type
- text
- Identifier
- http://hdl.handle.net/10948/65013
- Identifier
- vital:74006
- Description
- Globally, Small and Medium Enterprises (SMEs) are the driving force that keeps the economy of a country going and although the overall economic contribution of SMEs is impressive worldwide, in South Africa (SA), there is a high rate of failure amongst SMEs. Although the survival rate is low, South African SMEs contribute up to 22% to the Gross Domestic Product (GDP) in the economy. SME funding is a critical component of this growth and access to finance is one of the primary challenges that SMEs face in the country, along with a supportive environment to facilitate SME survival and growth. The formation of what was initially Industrial Development Zones (IDZs), now Special Economic Zones (SEZs), was one instrument introduced by the South African government to bolster the economy through upscaling manufacturing capacity, increase exports and create employment. The first SEZ in SA, Coega, managed by the Coega Development Corporation (CDC), a state-owned enterprise (SoE) based in the Nelson Mandela Bay Municipality (NMBM) with operations throughout SA. A major shortcoming in the development of the SMEs operating in the SEZ, was the inability to access the project finance required to commence construction projects once they were awarded a tender. The CDC established an internal finance subsidiary, Small Business Finance and Support (SBFS), in June 2014. The aim of this study, therefore, is to explore the effectiveness of the project financing offered by SBFS in enabling the execution of SME construction clients’ projects. The interpretivist paradigm, following a qualitative research approach was chosen to evaluate the effectiveness of the SBFS operations and determine how their funding enabled the completion of construction SME projects. Input was obtained from 20 participants involved in CDC construction projects, namely three Project Managers, three Programme Managers, two Mentors and 12 Clients via telephonic, face to face and virtual Microsoft Teams using self-developed semi-structured interview schedules. Data was analysed using thematic analysis. The trustworthiness of the study was ensured in terms of credibility through triangulation, dependability through the creation of an audit trail, transferability through generalisation of individuals with similarities, and conformability through verification.
- Description
- Thesis (MCom) -- Faculty of Business and Economic Sciences, School of Management Sciences, 2024
- Format
- computer
- Format
- online resource
- Format
- application/pdf
- Format
- 1 online resource (xiii, 162 pages)
- Format
- Publisher
- Nelson Mandela University
- Publisher
- Faculty of Business and Economic Sciences
- Language
- English
- Rights
- Nelson Mandela University
- Rights
- All Rights Reserved
- Rights
- Open Access
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NMU School of Management Sciences
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Heynes, V April 2024.pdf | 2 MB | Adobe Acrobat PDF | View Details Download |