The conduciveness of the South African economic environment and Small, Medium and Micro Enterprise sustainability: A literature review
Juan-Pierré Bruwer and
André van Den Berg
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Juan-Pierré Bruwer: Cape Peninsula University of Technology, South Africa
André van Den Berg: Cape Peninsula University of Technology, South Africa
Expert Journal of Business and Management, 2017, vol. 5, issue 1, 1-12
Since the early 1980s Small, Medium and Micro Enterprises (SMMEs) have been regarded as the driving forces of both developing and developed economies around the world. In a South African dispensation, SMMEs are responsible for adding imperative socio-economic value to the country, particularly in terms of eradicating poverty and diminishing unemployment levels. By doing so, these business entities are believed to contribute at least 50% to the national Gross Domestic Product. Albeit the aforementioned, previous research studies report that up to 75% of South African SMMEs fail after being in existence for only 42 months. Though the latter dispensation has been blamed on many economic factors, over the years the sustainability of South African SMMEs has not improved to a great extent. In order to provide insight on the latter dispensation, this literature review paper was conducted to ultimately formulate two hypotheses for further empirical testing.
Keywords: Small; medium and micro enterprises; SMMEs; South Africa; economic environment; economic factors; failure (search for similar items in EconPapers)
JEL-codes: M20 M21 N17 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:exp:bsness:v:5:y:2017:i:1:p:1-12
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