Small and Medium Enterprises (SMEs) as a Means of Creating Employment and Poverty Reduction in Fort Beaufort, Eastern Cape Province of South Africa

Oyelana, Akeem Adewale; Adu, Emmanuel O.

doi:10.1080/09718923.2015.11893481

Cited by 19 publications

(18 citation statements)

References 3 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Two other important reasons are: not knowing the procedure (15.82%) and not interested (14.81%). The above finding is also supported by various studies on MSMEs in many other developing countries, which show that the main constraint is limited access to capital, and followed by difficulties in marketing and lack of technologies and skilled workers (e.g Orlando & Pollack, 2000;Midgley, 2008;Das & Mohiuddin, 2015;Oyelana & Adu, 2015;Santos & Moustafa;Thapa, 2016).…”

Section: Main Constraintsmentioning

confidence: 61%

“…However, many (if not all) MSMEs are struggle to sustain or to expand due to many constraints they face, especially lack of access to bank loans, difficulties in marketing, and limited acess to advaced technologies and skilled workers (e.g. Orlando & Pollack, 2000;Midgley, 2008;Tambunan, 2009aTambunan, ,b, 2010Tambunan, , 2015aTambunan, , 2018Yuhua, 2013;Das & Mohiuddin, 2015;Fiseha & Oyelana, 2015;Oyelana & Adu, 2015;Shah & Saurabh, 2015;Santos & Moustafa;Thapa, 2016;Raghuvanshi, Agrawal & Ghosh, 2017).…”

Section: Research Frameworkmentioning

confidence: 99%

“…But, since the publication of a paper writen by Dennis Anderson in 1982 that became famous in the literature on MSMEs in developing countries, the question arises: whether the large number of MSMEs, particularly MIEs, in poor countries reflects the high entrepreneurial spirit or more as a sign of poverty (e.g. Tambunan, 1994Tambunan, , 2008Oyelana & Adu, 2015;Thapa, 2016;Rambe & Mosweunyane, 2017).Even, evidence in a number of low-income countries suggests that MIEs function more as the 'last resort' rather than as profitable businesses opportunities for the poor: because they are poor or unemployed, they are forced to conduct any kind of activities that can generate some incomes for them to survive (e.g. Orlando & Pollack, 2000;Midgley, 2008;Oyelana & Adu, 2015;Lateh, Hussain & Halim (2017).…”

Section: Research Frameworkmentioning

confidence: 99%

“…It is widely stated in the literature that micro, small and medium enterprises (MSMEs) in developing countries are important socially and economically for a number of reasons, which include: (i) their wide dispersion across rural areas and therefore they are very important for rural economic development; (ii) their ability to absorb a significant large number of workers; (iii) their role as a place for entrepreneurship and business skill development, especially in rural areas; and (iv) as a source of business opportunities for women. However, their development is hampered by a number of constraints, and most significant being the lack of access to bank loans and difficulties in marketing (Orlando & Pollack, 2000;Midgley, 2008;Tambunan, 2009a,b;Yuhua, 2013;Das & Mohiuddin, 2015;Oyelana & Adu, 2015;Shah & Saurabh, 2015;Santos & Moustafa;Thapa, 2016;Raghuvanshi, Agrawal & Ghosh, 2017).…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Recent evidence of the development of micro, small and medium enterprises in Indonesia

2019

View full text Add to dashboard Cite

This paper examines the development of micro, small and medium enterprises (MSMEs) in Indonesia. It has three research issues, namely the role of MSMEs, their constraints, and the importance of MSMEs for the creation of business opportunities for women. More specifically, the study aims to answer the following research questions. First, how important are MSMEs in Indonesia? Second, what are their main constraints? Third, how important are they, especially micro and small enterprises (MSEs), for the creation of business opportunities for women? Fourth, is the growth of MSEs a sign of increased entrepreneurial spirit or a reflection of poverty? This study adopted descriptive analysis using secondary data. It shows that MSMEs in Indonesia are dominated by MSEs, and accounted for almost 100% of all existing firms but only contributed between 58 to 61% of gross domestic product (GDP). About 42.84% of MSEs are owned by women, although the ratio of female to male entrepreneurs in MSEs varies by province. Poverty seems to be the main force behind the growth of MSEs. This study ends with some policy recommendations that the government should: (i) conduct trainings that focus on online marketing, entrepreneurship, management, and improving the quality of product and business efficiency; (ii) provide alternative funding facilities with low interest rates and non-burdensome requirements; and (iii) provide assistance directly in the production site for new entrepreneurs in their first years of running businesses. In addition, all gender discrimination treatments that have been burdensome for women to run own businesses must be eliminated. This study has, however, several limitations, especially with respect to the third and fourth research questions. Secondary data used does not have information about the main/initial motivation of MSME owners to run their own business and their socioeconomic profiles.

show abstract

Section: Main Constraintsmentioning

confidence: 61%

Section: Research Frameworkmentioning

confidence: 99%

Section: Research Frameworkmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Recent evidence of the development of micro, small and medium enterprises in Indonesia

2019

View full text Add to dashboard Cite

show abstract

“…According to Tlhomola (2011), SMMEs in South Africa, like any other developing economy, are expected to operate as the main force in both the social and economic change, also the SMMEs as enterprises have certain economic roles to fulfil. Within the first and second world countries, it is now generally accepted by policy makers internationally that SMMEs are fast becoming important in terms of occupation, wealth creation and the expansion of innovation (Oyelana and Adu, 2015).…”

Section: Literature Reviewmentioning

confidence: 99%

Perceived barriers to the development of small, medium and microenterprises: a case study of Thulamela Municipality in the Limpopo Province

Donga

Ngirande

Shumba

2016

Problems and Perspectives in Management

View full text Add to dashboard Cite

The study investigated the perceived barriers to the development of small, medium and microenterprises (SMMEs) operating in the South African small business sector. A quantitative orientation was used in carrying out the study through self-administered questionnaires and a descriptive quantitative method of analysis was applied. The research population consisted of entrepreneurs within the Thulamela Municipality in the Limpopo Province of South Africa. A purposive sample of seventy-five SMME owners and managers participated in this study (males = 73%, n = 55; females = 27%, n = 20 and, age range 18-55 years). The study seeks to add on the narrow body of literature concerning barriers faced by small, medium and microenterprises within the small business sector by revealing how SMMEs in South Africa are stalled from developing into successful enterprises as a result of some major barriers affecting the small business sector. The study revealed that, indeed, SMMEs in Thulamela Municipality in the Limpopo Province of South Africa are faced with various barriers affecting their development. Five significant barriers were identified, namely, lack of finance, access to market, out-dated equipment and technology, poor infrastructure and lack of training. The study recommends on the action plan that is required for SMMEs to increase their efficiency and sustaining themselves against possible barriers thereby helping entrepreneurs to exploit the full potential of the SMME sector. Keywords: barriers, development, SMMEs, entrepreneurs, Thulamela municipality, South Africa. JEL Classification: L26, P2

show abstract

Opportunities, Challenges and Risks: The South African Business Environment Profiling Opportunities and Challenges of Running Small and Medium-Sized Businesses in the Post-Apartheid Vhembe District of the Limpopo Province of South Africa

Ekene,

Kelly

2023

Sustainable and Responsible Business in Africa

View full text Add to dashboard Cite

Small and Medium Enterprises (SMEs) as a Means of Creating Employment and Poverty Reduction in Fort Beaufort, Eastern Cape Province of South Africa

Cited by 19 publications

References 3 publications

Recent evidence of the development of micro, small and medium enterprises in Indonesia

Recent evidence of the development of micro, small and medium enterprises in Indonesia

Perceived barriers to the development of small, medium and microenterprises: a case study of Thulamela Municipality in the Limpopo Province

Opportunities, Challenges and Risks: The South African Business Environment Profiling Opportunities and Challenges of Running Small and Medium-Sized Businesses in the Post-Apartheid Vhembe District of the Limpopo Province of South Africa

Contact Info

Product

Resources

About