Local government support for SMMEs in the construction industry to reduce unemployment: the case of Nelson Mandela Bay Municipality
- Authors: Jiba, Mncedikazi Felicelle
- Date: 2024-04
- Subjects: Small business , Construction industry , Unemployment
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/${Handle} , vital:74011
- Description: Despite government intervention, a significant proportion of businesses fail within the first few years of operation, and the unemployment rate remains high. If local government is assisting SMMEs in construction, it is important to look at whether it is addressing the primary issues of preventing SMMESs in construction from failing. Because the construction industry employs many unskilled workers, it is also negatively impacted by the number of businesses that are closing or going out of business. Purposive sampling, thematic analysis, and a qualitative approach were used in this documentary research. A total of 50 documents that addressed the role of local government in supporting and developing the SMMEs in construction at NMBM were reviewed. The findings of the study indicate that 86% of the documents reviewed indicate that SMMEs in construction to participate in Support Programmes as one of the potential complementary strategies for local government to support the growth of SMMEs in the construction industry and help them create jobs. Furthermore, the results of the study also indicate that 86% of the documents reviewed state late payments as one of the major challenges leading to the failure of the SMMEs in the NMBM construction industry. This research has also proposed a sub section in the finance department at NMBM that to deal with the payment of SMMEs including SMMEs in the construction industry, as a potential change to the current support structure and legislation of local government that are meant to boost the performance of SMMEs in the construction industry and help them accomplish their stated objectives of creating jobs. , Thesis (MPhil) -- Faculty of Business and Economic Sciences, School of Economics, Development and Tourism, 2024
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- Date Issued: 2024-04
Examining the nature of entrepreneurship within the towns and rural areas of Sakhisizwe Local Municipality, Eastern Cape
- Authors: Maliwa, Noluvuyo
- Date: 2022-11
- Subjects: Entrepreneurship , Developing countries--Economic conditions , Small business
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/27555 , vital:69315
- Description: Entrepreneurship plays an important role in societies around the world because it supports economic growth and creates job opportunities. This study investigated the nature of entrepreneurship in three distinct parts of Sakhisizwe Local Municipality, including a town within Sakhisizwe’s former homeland area, rural communities within its former homeland area, and a town within an area characterised by large-scale commercial farms. The study sought to establish the share of adults in the different parts of the municipality involved in entrepreneurship, to identify factors that contribute to the decision to become an entrepreneur, and to examine strategies pursued by, and challenges experienced, different types of entrepreneurs. The study involved a random sample of 362 respondents and both quantitative and qualitative data analysis. Among the main findings is that the proportion of adults involved in enterprise in Sakhisizwe is higher than found by other studies for South Africa as a whole, but is especially high for those living in the town in the former homeland area. While those residing in rural communities also engage in enterprise, they are generally compelled to practice their enterprises in town, thus have the disadvantage of needing frequent transport. While residing in the town in the commercial farming area is not disadvantageous in the same way, the challenge is that the town itself is able to support relatively few entrepreneurs due to fewer people coming to town for their shopping. , Thesis (MSci) -- Faculty of Science and Agricultures, 2022
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- Date Issued: 2022-11
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
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- 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
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- Date Issued: 2022-04
A critical analysis of the application of South African business rescue provisions on small to medium enterprises (SMEs)
- Authors: Peteni, Ushimin https://orcid.org/ 0000-0001-6478-9862
- Date: 2021-09
- Subjects: Small business , Business enterprises , Business failures--Law and legislation
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/20328 , vital:45655
- Description: Small to Medium sized Enterprises (SMEs) play an essential role and can be described as the crucial bread and butter of the South African economy. They have the potential to create employment and skills development opportunities pertinent for sustainable economic growth. The unfortunate part is that South African Small to Medium sized Enterprises have the lowest survival rates in the world, resulting in high rates of business failure and job losses. This is because the South African economy does not favour SMEs, which are often burdened with structural hurdles including access to funding, lack of access to markets, inadequate skills, uncompetitive regulatory frameworks and technological disruptions. A developing economy such as South Africa cannot grow if companies facing financial difficulty are constantly liquidated. This is because the liquidation system does not offer companies an opportunity to restructure and possibly function within the context of raised concerns. In order to facilitate sustainable SMEs growth, the legislature has come up with statutory mechanisms to support SMEs and save them from total liquidation. Most recently, the Companies Act 71 of 2008 Chapter 6 introduces a business rescue mechanism applicable to all business structures established under the Act. The purpose of business rescue is to provide companies in financial distress with opportunities to reorganise, strategize and come up with useful corporate reorganisation measures which are useful and efficient in saving the financially distressed company and possibly yielding a better return for the creditors than would have been the case if the company was liquidated. This new enactment is seen as both an improvement and necessary reform from its predecessor, judicial administration which has widely been condemned as a failure. However, despite this improvement, the application of the current business provisions to SMEs is questionable. Although Chapter 6 of the Act makes provision for SMEs, it also presents a number of stumbling blocks, including the fact that services of business rescue practitioners are out of reach for most SMEs in South Africa. The purpose of this study is to consider challenges faced by SMEs in the practical application of the current business rescue provisions. This study further emphasizes the importance of South African SMEs, whilst looking at their challenges and how the Companies Act 71 of 2008 provisions, regarding business rescue, assists SMEs. The study looks at the impediments of certain provisions of business rescue and proposes recommendations. , Thesis (MA) (Laws) -- University of Fort Hare, 2021
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- Date Issued: 2021-09
The effectiveness of business incubators in enhancing growth, survival and performance of small, medium and micro enterprises in the Eastern Cape province, South Africa
- Authors: Sarakunze, Annie.
- Date: 2014-11
- Subjects: Entrepreneurship , Economic development -- South Africa , Small business
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26786 , vital:66005
- Description: In both developed and developing countries, the growth of Small, Medium and Micro Enterprise sector is considered an important factor in boosting the economic well-being of a country. The governments of many countries play a basic role in creating policies and programmes which support the growth of Small, Medium and Micro Enterprises. One of the initiatives used by the governments to nurture small businesses is business incubation.This study investigated the effectiveness of business incubators in enhancing growth, survival and performance of Small, Medium and Micro Enterprises (SMMEs) in selected areas of the Eastern Cape Province. The objectives of this study were to assess the impact of business incubation on the performance of SMMEs, determine the impact of business incubation on the growth of the SMME, to assess the impact of business incubation on the survival of the SMMEs and to investigate whether SMMEs are satisfied with the role of business incubators in their areas.This study employed a stratified simple random sampling technique. The population was first divided into six homogeneous strata and then simple random sampling was then employed. The self-administered questionnaires were then distributed into each and every stratum randomly. Simple random sampling was used because it enabled each and every member in the strata to have an equal chance of being selected. Owners, managers and employees were used as respondents in this study and a total sample of 200 SMMEs answered the questionnaire. The study followed a quantitative research design as it involved variables such as growth, firm performance and survival which have measures that involves the use of figures such as sales, number of employees and total value of assets. The data was analysed by Anova, Pearson Chi-Square and T-test statistical methods in order to arrive at findings and conclusions. Based on the findings from this survey it was found that business incubators are effective in enhancing growth, survival and performance of SMMEs. Although other researchers found that there are no significant variations in growth, survival and performance of incubated and non-incubated businesses, this study however recognizes the importance of business incubation to SMMEs. This study concurs with most findings by many researchers of business incubation and thus recommends vigorous business incubation awareness to the SMMEs and networking. , Thesis (MBm) -- Faculty of Management and Commerce , 2014
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- Date Issued: 2014-11
The role of records management in the sustainability of small micro medium enterprises (SMMEs) in the Eastern Cape, South Africa: a study of Alice and Fort Beaufort
- Authors: Ajibade, Patrick https://orcid.org/0000-0002-8608-8378
- Date: 2014
- Subjects: Knowledge management , Small business
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/25259 , vital:64122
- Description: The study sought to investigate the role of records management in the sustainability of the Small Micro, Medium enterprises (SMMEs) in the Eastern Cape Province of South Africa with focus on Alice and Fort Beaufort towns. The objectives of the study were to identify the types of records that are kept by SMMEs; evaluate the infrastructure for the SMMEs records management; determine the compliance of SMMEs with the existing RM legal and regulatory requirements; and identify the challenges related to SMMEs records practices. Twenty three (23) respondents from SMMEs were interviewed. Findings revealed all the respondents could not confirm adoption of any systemic way of records management to support business functions and operations. Majority of the SMMEs due to their inability to maintain records could not identify potential benefit of business RM with an exception of three SMMEs. The respondents were not aware of any compliance and regulatory framework most especially on business records management. The challenges facing SMMEs include; inability to capture/create maintain, preserve business records systematically in its lifecycle. The SMMEs lack needed training especially in records management to allow them the benefit of maintaining business records. It is recommended that SMMEs should acquire skill that would enable them manage their business records that may help improved decision making. There should be legislative and regulatory framework that ensures compliance. And assistance should be rendered to train SMMEs on basic RM skills that could improve their business operations. , Thesis (MLIS) -- Faculty of Social Sciences and Humanities, 2014
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- Date Issued: 2014