Helping Small and Medium Business

Marlene Hesketh

Chapter 22 in Can South and Southern Africa become Globally Competitive Economies?, 1996, pp 251-257 from Palgrave Macmillan

Abstract: Abstract It is well documented that small and medium enterprises (SMEs) play a critical role in a successful economy. In Southern Africa, where countries are typically capital-poor and labour-rich, the emergence of the small, medium and micro-enterprise (SMME) sector provides opportunities for investment in industries with higher labour absorption at a lower cost of capital. The role of the SMME sector is also essential for technical and other innovation, which is so vital for the challenges facing the sub-continent. This paper addresses the contribution made by SMMEs to the South African economy, and the policy constraints facing the sector.

Keywords: Small Business; Small Firm; Large Firm; Informal Sector; Small Business Owner (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24972-5_23

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DOI: 10.1007/978-1-349-24972-5_23

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