The relationship between SME financial sustainability and owners’ financial well-being in South Africa

Thabiso Msomi and Kansilembo Aliamutu
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Thabiso Msomi: Durban University of Technology
Kansilembo Aliamutu: University of KwaZulu Natal

International Journal of Research in Business and Social Science (2147-4478), 2024, vol. 13, issue 5, 579-587

Abstract: This study examines the relationship between financial sustainability and the financial well-being of SME owners in Durban, South Africa. Utilising a quantitative research design, data were gathered through close-ended surveys from a diverse cross-section of SME owners, employing a cross-sectional approach.The study adopted a positivist philosophical framework, emphasising quantitative data analysis to derive conclusions. A total of 250 responses were collected, yielding a robust response rate of 82%. The analysis involved descriptive statistics and correlation analysis, with the correlation matrix revealing a positive, statistically significant correlation (r = 0.504, p

Date: 2024
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