This study identified and examined the nature and extent of external factors influencing growth and development of selected SMMEs in Durban, KwaZulu-Natal. The importance of the research lies in the contribution of its findings and recommendations to ensure the survival of SMMEs. The target population was identified as 300 owners of SMMEs in Durban, KwaZulu­ Natal, with a sample of 169 selected on a convenience basis, to which a questionnaire was distributed. Regardless of the problems experienced by SMMEs, it is vital to stimulate their growth and development, as this sector is likely to be the job creators of the future South Africa, as well as the providers of a continuation level of employment opportunities (Antonie, 2010). The rate at which SMMEs spring up is encouraging, considering that one of the cardinal goals of establishing SMMEs, is the eradication of unemployment and poverty. It was found that, not all of the respondents understand the potential of SMMEs to gain a competitive advantage; however, the majority agreed that Durban is an accessible and convenient location to do business, and that Government should partner with SMMEs in job creation and poverty alleviation. In addition, more than 80 percent of the respondents believe SMMEs will thrive with more access to loans and financial support. More than half of the respondents indicated that they often need to bribe government officials in the process of obtaining a business license and/or registration, while the findings also show that, when the process is fair, open and transparent, respondents believe it facilitates SMME growth and development. Recommendations on how factors identified can be better managed, so as to support, rather than negate, SMMEs' quest for growth and development, include government facilitation of workshops, and more visible training. / PDF Full-text unavailable. Please refer to hard copy for Full-text / M

Real estate is said to be the largest or second largest asset in a firm’s financial books – comparable to human resources, but is often been treated as a reactive and secondary utility. Real estate can be a significant factor of production and a strategic resource and due to its effect on an organisation’s profitability there is a growing need for a more critical site selection decision-making. Purpose – This is an exploratory study of the Sandton office market in order to ascertain which factors are most highly considered when making an office (site) selection decision. The purpose of this study is to assist in determining the direction further research into the South African corporate real estate market should take by gathering preliminary information about the preferences of Sandton corporate real estate occupiers. Design/methodology/approach – A questionnaire was developed and distributed electronically through the Survey Monkey website. Findings – The results show that the location factor, in terms of a specific site, is not as highly rated amongst the respondents, as one would expect. The respondents to the questionnaire indicate that the landlord and/or property manager is the most important consideration – whether it is their reputation or their relationship with tenants’ is yet to be determined. Security, a reliable power supply and competitive building levies are amongst some of the most important office attributes for the respondent companies. Originality/value – Sandton’s corporate real estate stock amounts to approximately 168 million square feet, which is comparable in size to Madrid’s total office stock, and greater than cities such as Brussels, Moscow and Milan. Moreover, more than 500 companies in South Africa own corporate real estate, including international companies (Jones Lang LaSalle, 2012) – a large proportion of which is situated in Sandton. These numbers make Sandton a significant player in the international corporate real estate arena.

Thesis (MTech (Entrepreneurship))--Peninsula Technikon, Cape Town, 2002 / By international standards South Africa's unemployment rate and poverty levels are extremely high. Currently the unemployment rate is approximately 30% (Business Day, 28 March 2002) or in the region of 40% if those who are not actively seeking work are included. Owing to the high unemployment rate, the informal sector has experienced a growth spurt. Unfortunately, due to a lack of entrepreneurial competencies, South Africa's start-up businesses also have a lower survival rate compared to their international counterparts. Technology Enterprise Centres (TECs) were created by the Technical and Business Initiative in South Africa (TABEISA), a consortium of six South African and British institutions established in 1994. The TEC has developed a mentoring programme and aims to implement it in the near future. As part of a wide assortment of assistance programmes, mentoring is the latest methodology that is being promoted by the private and public sector as a valuable developmental tool for entrepreneurs. The purpose of this study is to examine mentoring as an important resource in extending the business life-cycle of the entrepreneurs of Peninsula Technikon' s TEC. The research reviews the mentoring literature and covers aspects such as the characteristics that mentors should have, the role of mentors, types of mentoring programmes, setting up a mentoring programme, current mentoring programmes, implementing a mentoring programme, as well as the benefits and drawbacks of mentoring. The survey concentrated on identifying the mentoring requirements of the businesses. The findings highlight the need for a mentoring support programme to help entrepreneurs develop faster, therefore smoothing the transition process from one business stage to another. The study concludes by stressing the need for an efficiently run formal mentoring process, coupled with other developmental programmes.

M.Com. (Business Management) / The provision of trade credit in the course of business is one of the accepted norms of most business operations providing higher sales volumes, but also, a certain degree of risk. As part of the credit manager's responsibilities he/she must manage the credit department in such a way as to limit the extent of the inherent risk associated with trade credit thereby maximising the marginal profit flowing from credit transactions. Traditional management strategies and techniques do not take into consideration the level of the country's economic activity, to their peril. From the retail trader (Communicomp) example, it is clear that effective credit management procedures and well trained personnel are crucial to the management of trade credit. It is also noted that during a stage of lower economic activity the risks associated with the provision of trade credit are higher, and more likely to realise a financial loss whilst impacting negatively on cash flow. It is therefore appropriate that credit managers, should in future, adopt a management style which takes into consideration the state of the country's economic activity. This would ensure that the risks associated with providing trade credit is kept within acceptable limits.

The important role played by small, medium and micro enterprises (SMMEs) in economic development has long been recognised by government at various levels in South Africa. The passing of the National Small Business Act, 1996 (Act 102 of 1996), and more significantly its Amendment Act of 2004 (Act 29 of 2004) which called into existence the Small Enterprise Development Agency (SEDA), as well as a range of strategies headed by the current Integrated Strategy on the Promotion of Entrepreneurship and Small Enterprises of 2005 bear testimony to a commitment on the part of the nation to small enterprise growth. There is vast research pertaining challenges facing small medium and micro enterprises (SMMEs) as well as factors that have a positive impact on the growth and success of these enterprises. This primary objective of this study was to identify successful SMMEs in the New Brighton Township, Port Elizabeth and investigate factors that have enabled them to maintain their stability over the years. Also, this study will investigated causes of SMME failure with the aim of providing possible solutions to these challenges. After a comprehensive literature review on SMMEs, the following variables were identified as possibly having an influence on the growth and profitability of small enterprises. These are: Entrepreneurial orientation; Customer focus; Human resources; Record keeping; Access to funding; External support; Training and education; Access to markets. These variables were used to construct research hypotheses and a conceptual model which could be used to address challenges faced by SMMEs.

This research seeks to advance knowledge of the current state of entrepreneurship and small businesses in South Africa, and reports on a review of 32 articles and 244 research abstracts in the field. The studies as a whole indicate that entrepreneurs in South Africa require more knowledge in the fields of: Networking in business, Internationalisation of business, Entrepreneurship training. Since the 1990s, research in entrepreneurship has grown in terms of the number of articles published and conference papers presented. In many countries entrepreneurship has also become part of the political agenda as it is perceived as a possible solution to high unemployment rates. In addition, interest in entrepreneurship has heightened during the 2000s, especially in business schools. Much of this interest is driven by student demand for courses in entrepreneurship, either because of genuine interest in the subject, or because students see entrepreneurship education as a useful hedge given uncertain corporate careers. Most of the entrepreneurship research abstracts reviewed for this study focused on race, gender and ethical issues in South Africa. These three research topics focused on: Attitudes and experiences of black women: differ from other racial groups in business with the results indicating that black women were competent and highly-motivated, but lacked communication skills and Western business orientation. Many black women also desired equality although their male counterparts opposed this. Black women also lacked role models and career guidance. Different population groups participate in the economy: reflect regional, income, expenditure, skill, occupational and labour differences, including labour supply and demand. Ethics concerns: include whether it should be taught in the human resources management curricula taught in universities. From the findings it appeared that entrepreneurship research in South Africa is fairly similar to international research contexts. As entrepreneurship and small businesses are diverse and multi-disciplinary, the studies reviewed indicated a wide range of different models, theories, frameworks, and combinations of these. However, the theoretical richness of the studies reviewed was, in many cases, relatively low, and only a few of the studies could be regarded as highly-theoretical. In addition, the presentation of the various theories and models applied was very often inadequately reported. It is also important to note that altogether between 7 and 11 percent of the studies were without any well-argued theoretical framework. Thus, researchers in the field should discuss the theoretical frameworks applied in their empirical analyses, to ensure this will improve the theoretical understanding of the phenomenon. Although this study made use of the mixed-method approach to conduct the research, it is also important to note that, in 12 percent of cases, methodological issues were poorly described. Most of the studies often did not describe the data collection response rate provide sample demographic and firm size details as well as identify the target industry. These details were often missing or loosely defined. The reasons for the selection of a certain research approach were also poorly explained, making many of the research studies deficient or limited methodologically. These omissions present a challenge, not only to authors in the field, but also to reviewers and editors in academic journals, as this impacts on the scientific rigor of published papers. On the basis of published papers reviewed, it seems that, personally-administered data collection works best in South Africa. From the research studies undertaken in South Africa, it is evident that much has been researched in the areas of gender (specifically the role of women in business), entrepreneurship training and ethics in business. It is evident that during the 1980s, no research was conducted in South Africa in the areas of family businesses and entrepreneurship training, while international research focuses on these topics. During the 1990s, no research focused on networking in small businesses, and. during the 2000s, there was a lack of research on internationalisation of businesses as only six articles were published from 2000 until 2011 on these topics. This highlights a need for internationalisation research especially as it is well-documented that the South African economy cannot survive if it does not take cognisance of its international competitors. On the basis of the articles and abstracts reviewed, the current state of knowledge concerning entrepreneurship and small businesses in South Africa was assessed, especially the need for the internationalisation of South African small businesses. Moreover, research studies could also focus on the obstacles encountered in the internationalisation process of South African small businesses.

Please read the abstract in the 00front part of this document / Thesis (DCom)--University of Pretoria, 2003. / Communication Management / DCom / Unrestricted

A thesis submitted to the Faculty of Commerce, Law and Management, University of the Witwatersrand, Johannesburg, South Africa, in fulfilment of the requirements for the degree of Doctor of Philosophy (PhD) March 2017 / The objective of this study is twofold: first to evaluate the magnitude of the effect of endogenous and exogenous risk factors in the success of South African (SA) small and medium-sized enterprises (SMEs); second, to develop a framework for an integrated risk assessment model that can be used to assess SA SMEs holistically. Drawing from the entrepreneurial ecosystem, systems perspective, GEM framework and complex theory, an integrated risk assessment model framework that is person-centric, interdisciplinary, and multidimensional (individual, firm and environment) is formulated. This was a cross-sectional, quantitative study, which followed a post-positivist approach. Primary data, with a sample size of 286, was collected from SA SMEs through self-administered questionnaires. Data analysis included correlational analysis, backward elimination method, hierarchical multiple regression and mediation analysis. Financial capital, entrepreneurial self-efficacy on growth and risk perception emerged as significant predictors of SME success. However financial capital is by far the most influential predictor of financial performance. The results also confirmed the mediating effect of financial capital between entrepreneurial self-efficacy (finance and growth) and financial performance. Entrepreneurs who are confident can raise enough capital for their businesses, thus producing successful SMEs. Government policies and support programmes need to take a holistic view when supporting SMEs. While taking a holistic view, priority needs to be put on making capital available for entrepreneurs to develop and grow their businesses. Training programmes can focus on up-skilling entrepreneurs regarding entrepreneurial tasks that can improve their self-efficacy in management, financial understanding, and growth of their businesses. The study’s findings are important in that they help funders realise that business plans and financial projections are not the most important predictors of SME success, thus the need to review current risk assessment models. / MT 2017

Thesis (MBA) --University of Limpopo, 2010 / Governments worldwide have acknowledged the impact of Small, Micro and Medium (SMME) organisations on job creation, improvement of people’s standards of living and hence an overall impact on the economy. Women are playing an important role in contributing to countries’ economic development and better governance, and the well-being of their communities and households. In March 2007, about 45% of women were owning and managing a business. In a country like South Africa with a high unemployment rate a provision of better opportunities for women could lead to improvements in poverty reduction and accelerated economic growth. However in South Africa women involvement in entrepreneurship has remained constant despite a number of initiatives by the government. The existence of gender-related barriers thwarts the economic potential of women as entrepreneurs and workers. Such barriers have an adverse impact on enterprise development, productivity, and competitiveness in the economy. Consequently, addressing gender-specific barriers and other challenges to entrepreneurship and leveraging the full participation of women in the development of South Africa together represents a significant opportunity to unleash productive potential and to strengthen economic growth. It is therefore important to understand the environment in which these women operate and the challenges they face. The literature indicates that despite significant progress in creating an enabling environment for SMMEs, much work remains, with a majority of enterprises remaining in the nascent and 'baby business' phases (less than 3.5 years in existence). Research by the Global Entrepreneurship Monitor (GEM) suggests that the survival rate for start-ups in South Africa is low and that the opportunity forentrepreneurial activity is the lowest of all the reviewed developing countries (Allen et al, 2007:8; the DTI, 2008:48) A quantitative study design was employed for this project. A closed-ended questionnaire was sent out, focusing on women in small business in Capricorn District Municipality as a unit of analysis. Capricorn District Municipality has one thousand four hundred 1400 registered women business. One-hundred-and-fifty (150) questionnaires were sent out to the respondents and fifty two (52) questionnaires were returned. The research findings indicated that 29% of the women sought advice from business development services and from local business support centre respectively. While 23% of the women sought advice from business women association and 17% sought advice from other sources. 27% of the women indicated lack of business skills as the main stumbling block in the establishment of business while 23% indicated that they encountered inadequate access to finance and credit facility as the main problem of starting business. Most of the women consulted were from small and micro-enterprise, the writer could not get their views of the experiences in other sectors. The other challenges were that the sample was relatively small due to difficulties experienced in getting the number of women in small business in the Capricorn District Municipality.

The aim of this research project was to evaluate the available theoretical information on Corporate Social Responsibility and with this knowledge to then also evaluate three companieś initiatives based on this information. Gone are the days when an organisation could do business for the sole purpose of making a profit. If the organisation does not take the environment into account in doing business, or if the community where this organisation is situated or does business, feel “abused” or that their needs are not being addressed, the organisation will not survive and its future sustainability can not be assured or guaranteed. This has been proven internationally, but how does South African organisations fare when it comes to corporate social responsibility, and more specifically, what social responsible initiatives are taken? The research also attempted to determine how “industry specific” the three companies'́ initiatives are and whether any changes in initiative-directions should be considered. The Social Responsibility Initiatives of Woolworths, ENGEN and SABMiller (South Africa) were evaluated and certain shortcomings were identified and presented to the various companies. These companies deliver excellent products and services to their client base, but it was felt that should adherence be given to the recommendations that were made, the mentioned companies could in future improve their turnover, market position and increase their client support base. Finally, it could also assist in increasing brand loyalty amongst their customers.