scholarly journals Public outlook on small and medium enterprises as a strategic tool for economic growth and job creation in South Africa

2015 ◽  
Vol 4 (4) ◽  
pp. 412-418 ◽  
Author(s):  
Lawrence Mpele Lekhanya
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Quantitative Research ◽  
Small And Medium Enterprises ◽  
Job Creation ◽  
Primary Data ◽  
Research Approach ◽  
Survival And Growth ◽  
Analyse Data ◽  
Medium Enterprises

In spite of the key role played by the Small and Medium enterprises in economic development, there has been little effort to look at what needs to be done to improve survival and growth of SMEs. There is still a general lack of in-depth understanding from policy makers and other relevant stakeholders of how SMEs can be used as a strategic tool for economic growth and job creation in South Africa. These misperceptions and misunderstand leads to continuous failure to SMEs survival and growth. This study seeks to address this research gap. The study investigates the public views on what needs to be done to grow South African economy through the development of SMEs. Quantitative research approach was used to collect and analyse data for the study. Primary data was collected from four (4) provinces of South Africa. 230 people participated in the study. Questionnaires were emailed to each respondent and follow-ups were made via telephone. It was found that many SMEs fail within five years of their existence due to the various reasons. The most critical of these were related to lack of access to finance, lack of management experience as well as human capital. Study further revealed that most the SMEs owners/managers do not have business management related skills but rather they are just ordinary entrepreneurs.

Sustainability - Oriented Innovation and Performance of Small and Medium Enterprises in South Africa

2019 ◽  
Vol 10 (1) ◽  
pp. 231
Author(s):  
Olawale FATOKI
Keyword(s):  
South Africa ◽  
Quantitative Research ◽  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Survey Method ◽  
Research Approach ◽  
Cross Sectional Survey ◽  
Design Data ◽  
Cross Sectional ◽  
Medium Enterprises

The purpose of this study is to investigate the effect of sustainability-oriented innovation (SOI) on the performance of small and medium enterprises (SMEs) in South Africa. The study adopted a multi-dimensional measure of performance (financial, social, environmental, innovation and quality). The study used the quantitative research approach and the descriptive and causal research design. Data was collected from one hundred and ninety eight owners/managers of SMEs in the manufacturing sector. The cross-sectional survey method (self-administered questionnaire) was used for data collection. The participants in the study were conveniently sampled. Descriptive statistics, factor analysis, correlation and regression analysis were used for data analysis. The Cronbach’s alpha was used as a measure of reliability. The findings of the study indicate that economic, environmental and social dimensions of SOI have significant positive relationships with the five measures of performance. Limitations, areas for further study and recommendations to improve the SOI of SMEs are suggested.

scholarly journals Implementation of PP NOMOR 23 TAHUN 2018 on the Tax Cmplianc of Micro, Small and Medium Enterprises (UMKM) in Semarang City

2020 ◽  
Author(s):  
Atta Putra Harjanto ◽  
Subowo . ◽  
Kiswanto . ◽  
Hayat Widodo ◽  
Nani Fitriani
Keyword(s):  
Multiple Regression ◽  
Quantitative Research ◽  
Government Regulation ◽  
Small And Medium Enterprises ◽  
Tax Compliance ◽  
Primary Data ◽  
Research Approach ◽  
Training Institutions ◽  
Medium Enterprises ◽  
And Training

This research aims to examine the influence of the application of government regulation (PP) number23 of 2018 on tax compliance for Micro, Small and Medium Enterprises (UMKM) in Semarang city. Implementation of PP No.23 of 2018 is proxied by the variables of taxation knowledge and taxation sanctions. This is a quantitative research using primary data. The data are collected using questionnaire and analyzed using multiple regression. The data are processed using SPSS to analyze the data, and the research samples are selected using the questionnaire. The population of this research is the Micro, Small, and Medium Enterprises in Semarang, especially the Courses and Training institutions. There are 208 valid and reliable samples for further analysis. The results show that the application of PP No.23 of 2018 in Semarang affects the tax compliance of UMKM. This shows that the understanding of new regulations and sanctions positively influences the tax compliance among the UMKM. Due to the chosen research approach, the results are specific and may be less generalizable. Therefore, further researchers are encouraged to test the hypotheses submitted to other objects. This research includes implications for the tax regulators in implementing new regulations that are able to significantly influence the UMKM in the future. Keywords: Tax Knowledge, Tax Sanctions, Tax Compliance, PP Nomor 23/2018, UMKM

scholarly journals Adoption of e-marketing tools by small and medium enterprises (SMEs) – fad or future trend?

2015 ◽  
Vol 13 (1) ◽  
pp. 454-461
Author(s):  
Melanie Gopaul
Keyword(s):  
South Africa ◽  
South African ◽  
Quantitative Research ◽  
Small And Medium Enterprises ◽  
Future Trend ◽  
Marketing Strategies ◽  
Research Approach ◽  
Playing Field ◽  
Medium Enterprises ◽  
Self Administered Questionnaire

E-marketing is considered as one of the fastest growing fields in e-business, which has the potential to become a platform for SMEs to compete with larger enterprises even though they may not have adequate infrastructure and resources. Over the years SMEs have struggled to compete on some sort of equal footing with larger organisations and with the advent of technology and the growth in the use of e-marketing, the playing field is becoming more equal. The literature on the use of e-marketing tools by SMEs in South Africa, however, is limited. The purpose of this paper was therefore to investigate the extent to which South African SMEs utilise e-marketing tools. The author feels that the findings will be universally applicable to SMEs in most countries. Through providing a clearer understanding of e-marketing and its use, this paper may assist SMEs and entrepreneurs to improve their existing marketing strategies. The study followed a quantitative research approach, whereby a self-administered questionnaire was distributed to SME owners. The results indicate that SMEs utilise e-marketing tools moderately and that the utilisation will increase in the future.

scholarly journals Leadership and corporate governance of small and medium enterprises (SMEs) in South Africa: Public perceptions

2015 ◽  
Vol 12 (3) ◽  
pp. 215-222 ◽  
Author(s):  
Lawrence Mpele Lekhanya
Keyword(s):  
South Africa ◽  
Corporate Governance ◽  
Small And Medium Enterprises ◽  
Critical Role ◽  
Public Perceptions ◽  
Primary Data ◽  
Business Leadership ◽  
Growth And Survival ◽  
Survival And Growth ◽  
Medium Enterprises

The main, underlying constraint to the growth of Small and Medium Enterprises (SMEs) is a lack of corporate governance (CG) structure (Mahmood 2014). In considering the UK- Department for Business Innovation and Skills report (2012), this constraint is described as one of the fundamental problems holding back the growth of SMEs. The report states it is this lack of leadership and management capability that should be present, to drive performance and enable them to succeed. However, statistics support the indispensable role that SMEs perform in a country’s economy and when the significance of this sector is taken into account, the role that CG and its practices play within SMEs has to be clearly understood (Le Roux, 2010). Due to SMEs survival and growth being dependant on their good business leadership and corporate governance, the ability to lead, manage, and take full advantage of the resources available have, in recent years, been highlighted on global public platforms and the media. It has further been acknowledged, through prior research studies on SMEs that, for a business to be successful, the critical role of leadership and good CG has to be fully understood. The purpose of this paper is to report on South African public perceptions of leadership and corporate governance of SMEs. The study aimed to analyse and evaluate these perceptions towards SME owner/managers and their consequences, on the survival and growth of SMEs. A mixed method approach allowed for qualitative and quantitative techniques in collecting data from individual participants, with primary data collected from nine provinces of South Africa, and 180 participants as the sample. The research instrument consisted of closed-ended, questionnaires made up of 5-point Likert scale responses and 20 questionnaires were distributed to each province. Delivery of the questionnaires was done through email to individual respondents, with follow–up via telephone calls. The research findings indicate that most respondents believed that the growth and survival of SMEs is, due to the lack of business leadership and poor CG. In addition, respondents agreed that SME owners/managers are just average entrepreneurs, as they do not have leadership qualities or skills and that CG does not exist in many SMEs, particularly in South Africa. The paper’s benefit will be to the owners/managers of SMEs, as well as, policy makers and financial agencies for SMEs. It is recommended that further research, with a larger sample size, be drawn from various townships

The Characteristics of SMEs in Dubai and Their Impact on Innovation

2020 ◽  
pp. 146-157
Author(s):  
Mercy Veronica Chaita
Keyword(s):  
Economic Growth ◽  
Crucial Role ◽  
Small And Medium Enterprises ◽  
New Technology ◽  
Job Creation ◽  
Organizational Practices ◽  
Economic Success ◽  
Innovation Activities ◽  
Medium Enterprises

This chapter explores the extent and characteristics of small and medium enterprises (SMEs) in Dubai and their innovative practices. Within this context, considerable emphasis is placed on evaluating the propensity of these SMEs to adopt new technology. SMEs are significant to the local entrepreneurship and innovation activities as well as improving competitiveness. Furthermore, these enterprises play a crucial role in job creation and are fundamental to economic growth. The connection between economic success in SMEs is fundamental since these firms are able to incorporate innovation into their operations and organizational practices.

scholarly journals AN ANALYSIS OF PERSONAL FINANCIAL LITERACY AMONG ADULTS IN VHEMBE DISTRICT, A RURAL MUNICIPALITY IN SOUTH AFRICA

2021 ◽  
Vol 9 (1) ◽  
pp. 55-66
Author(s):  
Adam Ndou ◽  
◽  
Sam Ngwenya ◽  
Keyword(s):  
South Africa ◽  
Low Income ◽  
Financial Literacy ◽  
Financial Services ◽  
Financial Management ◽  
Quantitative Research ◽  
Well Being ◽  
Primary Data ◽  
Research Approach ◽  
Vhembe District

Consumers in rural and low-income areas are the most financially vulnerable and are facing challenges with their finances and depend mostly on unsecured loans to finance their daily expenses. This has been exacerbated by global financial crises, which left many consumers in financial strains. The purpose of this paper is to measure the level of financial literacy focusing on the areas of day-to-day money management, financial planning, choosing appropriate financial services and products, and financial knowledge and understanding. The quantitative research approach was used to collect primary data among adults in Vhembe District Municipality (VDM), a rural and low-income municipality in South Africa. Primary data were analyzed through descriptive statistics. The results indicate that the level of financial literacy among adults in VDM is low at 38.73%. The low levels of financial literacy have serious consequences for an adult’s personal financial management skills and lead to their inability to make correct financial decisions. It is apparent that an individual’s level of financial literacy has become important in how individuals manage their finances in today’s complicated financial world. The paper concludes by suggesting interventions that could help adults to improve their level of financial literacy, manage and sustain their financial well-being.

scholarly journals Social media marketing and customer engagement : a focus on small and medium enterprises (SMEs) in South Africa

2021 ◽  
Vol 18 (1) ◽  
pp. 48-69
Author(s):  
B URBAN ◽  
◽  
TL MAPHATHE ◽  
Keyword(s):  
South Africa ◽  
Social Media ◽  
Small And Medium Enterprises ◽  
Cross Sectional Study ◽  
Social Media Marketing ◽  
Customer Engagement ◽  
Primary Data ◽  
Cross Sectional ◽  
Social Media Platforms ◽  
Medium Enterprises

Social media platforms are increasingly used by SMEs who have fewer resources and need to rely on social media marketing to engage with their customers. This article investigates the extent to which social media platforms specifically Facebook, Instagram, and Twitter contribute to increased customer engagement. While past studies have concentrated on the adoption of social media in predominantly western contexts, this research is focused on SMEs in a relatively under-researched African market context, South Africa. The research design was a quantitative cross-sectional study relying on primary data collection, where hypotheses were tested using statistical analyses in terms of correlational and regression analyses. Results support the hypotheses where the use of Facebook, Instagram, and Twitter platforms show a significant and positive relationship with increased customer engagement. The findings have management implications where owner-managers should make use of social media by maintaining and growing an extensive network of ties to both collect information and identify resources, as well as to build a reputation and engage with their customers.

scholarly journals Pengaruh pertumbuhan UMKM, inflasi, dan tingkat pengangguran terhadap pertumbuhan ekonomi di Indonesia

2021 ◽  
Vol 5 (2) ◽  
pp. 153-173
Author(s):  
Asnah Tul Ramadani ◽  
Junaidi ◽  
Zulfa Eliza
Keyword(s):  
Economic Growth ◽  
Quantitative Research ◽  
Small And Medium Enterprises ◽  
Secondary Data ◽  
Sampling Technique ◽  
Test Results ◽  
Quantitative Research Methods ◽  
Analysis Techniques ◽  
Medium Enterprises ◽  
Positive Effect

This study aims to determine the effect of MSMEs (Micro, Small and Medium Enterprises), inflation, and unemployment on economic growth in Indonesia. In this study only 14 years were taken. This research uses quantitative research methods. The technique used in this study is Purposive Sampling, which is a deliberate sampling technique. The type of data used in this study is secondary. Data analysis techniques used in this study are the analysis of classic assumptions, multiple linear regression, and hypotheses. The formulation if the problem of the influence of MSME growth on economic growth in Indonesia, the effect of inflation on economic growth in Indonesia, the effect of unemployment on economic growth in Indonesia, the influence of MSME, inflation and, unemployment rates on economic growth in Indonesia. Partial results (T test) the influence of MSME (X1) of 0.010 <0.05, inflation (X2) of 0.029 <0.05, unemployment (X3) of 0.013 <0.05 and a significant positive effect on economic growth in Indonesia. F test results (Simultaneous) showed a significant value of 0.007 <0.05 meaning that MSME, inflation, and unemployment simultaneously had a significant effect on economic growth in Indonesia. Then from the R-square test results of 0.656 or 65.6%. The magnitude of these results can be explained by the MSME variables,

scholarly journals ANALYSIS OF FACTORS AFFECTING THE IMPLEMENTATION OF FINANCIAL ACCOUNTING STANDARDS FOR MICRO, SMALL AND MEDIUM ENTITIES (SAK-EMKM) ON SHARIA-BASED MSMEs IN KUDUS REGENCY

2021 ◽  
Vol 6 (2) ◽  
pp. 79
Author(s):  
ZULIYATI ZULIYATI ◽  
ZULIYATI ZULIYATI ◽  
INDRIANINGRUM INDRIANINGRUM
Keyword(s):  
Quantitative Research ◽  
Small And Medium Enterprises ◽  
Linear Regression Analysis ◽  
Accounting Standards ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Financial Accounting ◽  
Primary Data ◽  
Factors Affecting ◽  
Medium Enterprises

The purpose of this study is to analyze the effect of owner perceptions, education, socialization, business scale and business age on the application of the Accounting Standards for Micro, Small and Medium Enterprises (SAK EMKM) on sharia-based MSMEs in Kudus Regency. This study uses a quantitative research design, with the data used are primary data obtained from respondents through questionnaires, with the method of analysis using multiple linear regression analysis. A sample of 100 used purposive sampling technique with the criteria of Sharia-based MSMEs in Kudus Regency. The results showed that the variable owner perception, business scale, and business age had no effect on the application of SAK EMKM. Education and socialization have a positive effect on the implementation of SAK EMKM. The limitations of this study are that the independent variable is only able to influence the implementation of SAK EMKM by 28% and the object is only limited to sharia based MSMEs in Kudus Regency, so it cannot be generalized.

Conservation servitudes in South Africa

2020 ◽  
Vol 26 ◽  
pp. 105-133
Author(s):  
Marthán Theart ◽  
Kirstin Meiring
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Developing Countries ◽  
Small And Medium Enterprises ◽  
Access To Finance ◽  
Insolvency Law ◽  
The Social ◽  
Legal Challenges ◽  
African Context ◽  
Medium Enterprises

Small and Medium Enterprises (SMEs) play a significant role in the economy of developing countries. Although SMEs contribute to economic growth, they still struggle with access to finance and cash flow constraints. The coronavirus (COVID-19) pandemic worsened this situation, making it necessary for countries to develop rescue regimes suitable for financially distressed SMEs. Focusing on Nigeria and Kenya – which represent the largest economies in West Africa and East Africa respectively – this paper critically sheds light on the socio-legal challenges posed by extant insolvency law regimes in both countries and their unsuitability for driving SME rescue. As a conversation starter in the African context, the authors identify transplanted concepts and structures which make SME rescue a futility, in the light of local circumstances, while proposing solutions tailored to the social milieu of both countries.

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