Enterprise development funds as a catalyst for growth and sustainability of black-owned SMMEs in manufacturing
- Authors: Tsheketshe, Yomelela Mfundo
- Date: 2022-04
- Subjects: Business enterprises, Black -- South Africa , Small business
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/58223 , vital:58742
- Description: South Africa is confronted with a skewed economy along racial lines through a history of colonialism and apartheid. The laws of government have tried to include companies in advancing social cohesion and in dealing with issues of the historical exclusion of African communities from the mainstream economy. With the advent of democracy, the government has been faced with the mammoth task of driving transformation and inclusion in various sectors of the economy. Various pieces of legislation have been promulgated to give effect to this ideal. The Broad Based Black Economic Empowerment (BBBEE) Act with its associated regulations has Enterprise and Supplier development (ESD) as one of the five pillars underpinning the targeted areas for transformation in companies. Enterprise development is a key contributor to companies achieving a good score card rating as determined by the government of South Africa for various industries. This scoring also has advantages in terms of accessing government incentives as well as procurement opportunities for businesses with government. Companies therefore deploy capital for the development of businesses within their supply chains and also any other businesses whether or not they do business with them. This process of enterprise development funding is largely undefined and sees companies use various methods and criteria to deploy the capital with a myriad of outcomes all of which vary depending on the area of interest. The primary intent of the enterprise development funds is to create patient, free and sometimes affordable capital for the growth and sustainability of previously disadvantaged businesses in the South African context. Industries like manufacturing, in their nature are capital intensive and require huge capital outlays which then become a barrier to entry particularly for previously disadvantaged groupings like black people. The aim of the study is to identify key determinants that can unlock the growth and sustainability of black owned SMMEs in the manufacturing sector and also to understand the environment in which they operate. It is intended to assist policy makers, enterprise development practitioners, regulators and the beneficiaries of enterprise development on what can be done to ensure that this critical programme achieves its desired outcome. , Thesis (MA) -- Faculty of Business and Economic science, 2022
- Full Text:
- Date Issued: 2022-04
- Authors: Tsheketshe, Yomelela Mfundo
- Date: 2022-04
- Subjects: Business enterprises, Black -- South Africa , Small business
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/58223 , vital:58742
- Description: South Africa is confronted with a skewed economy along racial lines through a history of colonialism and apartheid. The laws of government have tried to include companies in advancing social cohesion and in dealing with issues of the historical exclusion of African communities from the mainstream economy. With the advent of democracy, the government has been faced with the mammoth task of driving transformation and inclusion in various sectors of the economy. Various pieces of legislation have been promulgated to give effect to this ideal. The Broad Based Black Economic Empowerment (BBBEE) Act with its associated regulations has Enterprise and Supplier development (ESD) as one of the five pillars underpinning the targeted areas for transformation in companies. Enterprise development is a key contributor to companies achieving a good score card rating as determined by the government of South Africa for various industries. This scoring also has advantages in terms of accessing government incentives as well as procurement opportunities for businesses with government. Companies therefore deploy capital for the development of businesses within their supply chains and also any other businesses whether or not they do business with them. This process of enterprise development funding is largely undefined and sees companies use various methods and criteria to deploy the capital with a myriad of outcomes all of which vary depending on the area of interest. The primary intent of the enterprise development funds is to create patient, free and sometimes affordable capital for the growth and sustainability of previously disadvantaged businesses in the South African context. Industries like manufacturing, in their nature are capital intensive and require huge capital outlays which then become a barrier to entry particularly for previously disadvantaged groupings like black people. The aim of the study is to identify key determinants that can unlock the growth and sustainability of black owned SMMEs in the manufacturing sector and also to understand the environment in which they operate. It is intended to assist policy makers, enterprise development practitioners, regulators and the beneficiaries of enterprise development on what can be done to ensure that this critical programme achieves its desired outcome. , Thesis (MA) -- Faculty of Business and Economic science, 2022
- Full Text:
- Date Issued: 2022-04
Mentoring of women-owning SMEs in the South African construction industry
- Authors: Bingwa, Nelisa
- Date: 2022-04
- Subjects: Construction industry , Small business
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57535 , vital:58059
- Description: Challenges of women-owning small business have been noted in different economic industries globally. This situation is even more prevalent in the construction industry, where women face special challenges connected to their historic exclusion in the industry. Women small and medium enterprises in the construction industry grow slowly, lack crucial skills and industry experience, making it difficult for them to sustain their businesses. In this regard, mentoring has been acknowledged globally as a viable avenue to assist in developing women-owning small businesses and their chosen business careers. Mentoring in South Africa is acknowledged for its ability to develop the skills of small businesses owners. Accordingly, the mentoring approach was embraced by the post-apartheid South African government to eliminate past apartheid-induced socio- economic inequalities to develop women-owning SMEs across complex businesses such as the construction industry. Numerous mentorship policies have been introduced to obviate the challenges experienced by previously discriminated groups such as women to whom small-medium enterprise opportunities in the construction industry were hitherto inaccessible. Despite such ameliorative measures and interventions, women-owning SMEs in the construction industry continue to experience stagnant business growth and relatively higher business failure rates. The purpose of this study, therefore, was to ascertain the enabling conditions necessary for effective mentoring of women-owning small and medium enterprises in the South African construction industry. The study adopted a qualitative interpretivistic approach that provided insights into mentoring experiences and challenges facing women’s small and medium enterprises in the construction industry. Literature was gathered on small businesses with special reference to women small and medium enterprises in construction and by contextualising issues relating to mentoring such enterprises, especially in the construction industry. Data was gathered from interviews with 18 participants using face-to-face interviews and online platforms such as Teams and WhatsApp. Participants included women-owning small businesses whose businesses have been in operation for a minimum of two years and have participated in mentoring at some point during the operation of their business. Data was analysed inductively by means of content and thematic analyses using a combination of manifest, latent and constant comparative content analyse. The results of the interviews showed that the conditions necessary to create an enabling mentoring of women-owning SMEs in the construction industry include: specific policy v development, public and private sector involvement, industry-related mentoring, provision of female role models, increasing public awareness, provision of basic resources to participate, duration of programmes, mentor and mentee commitment and mentors with exceptional characteristics. , Thesis (MA) -- Faculty of Business and Management Sciences, 2022
- Full Text:
- Date Issued: 2022-04
- Authors: Bingwa, Nelisa
- Date: 2022-04
- Subjects: Construction industry , Small business
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57535 , vital:58059
- Description: Challenges of women-owning small business have been noted in different economic industries globally. This situation is even more prevalent in the construction industry, where women face special challenges connected to their historic exclusion in the industry. Women small and medium enterprises in the construction industry grow slowly, lack crucial skills and industry experience, making it difficult for them to sustain their businesses. In this regard, mentoring has been acknowledged globally as a viable avenue to assist in developing women-owning small businesses and their chosen business careers. Mentoring in South Africa is acknowledged for its ability to develop the skills of small businesses owners. Accordingly, the mentoring approach was embraced by the post-apartheid South African government to eliminate past apartheid-induced socio- economic inequalities to develop women-owning SMEs across complex businesses such as the construction industry. Numerous mentorship policies have been introduced to obviate the challenges experienced by previously discriminated groups such as women to whom small-medium enterprise opportunities in the construction industry were hitherto inaccessible. Despite such ameliorative measures and interventions, women-owning SMEs in the construction industry continue to experience stagnant business growth and relatively higher business failure rates. The purpose of this study, therefore, was to ascertain the enabling conditions necessary for effective mentoring of women-owning small and medium enterprises in the South African construction industry. The study adopted a qualitative interpretivistic approach that provided insights into mentoring experiences and challenges facing women’s small and medium enterprises in the construction industry. Literature was gathered on small businesses with special reference to women small and medium enterprises in construction and by contextualising issues relating to mentoring such enterprises, especially in the construction industry. Data was gathered from interviews with 18 participants using face-to-face interviews and online platforms such as Teams and WhatsApp. Participants included women-owning small businesses whose businesses have been in operation for a minimum of two years and have participated in mentoring at some point during the operation of their business. Data was analysed inductively by means of content and thematic analyses using a combination of manifest, latent and constant comparative content analyse. The results of the interviews showed that the conditions necessary to create an enabling mentoring of women-owning SMEs in the construction industry include: specific policy v development, public and private sector involvement, industry-related mentoring, provision of female role models, increasing public awareness, provision of basic resources to participate, duration of programmes, mentor and mentee commitment and mentors with exceptional characteristics. , Thesis (MA) -- Faculty of Business and Management Sciences, 2022
- Full Text:
- Date Issued: 2022-04
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