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Thesis (PhD)--Stellenbosch University, 2015. / ENGLISH ABSTRACT: This thesis, presented in six thematic chapters, investigates an approach for promoting the growth of small businesses in South Africa. Chapter 1 motivates the thesis by discussing the contested role of small businesses in reducing unemployment and fostering social equity. Chapter 2 reviews the small business development policy in South Africa and explicates the socioeconomic conditions underpinning the policy. Chapters 3, 4 and 5 are empirical analyses using data from the World Bank Enterprise Surveys of 2003 and 2007, and the World Bank Financial Crisis Survey of 2010 to determine key impediments to the growth of small businesses and characteristics of firms creating and retaining most jobs in South Africa. Chapter 3 uses two methods to investigate the key impediments. The first method is based on a count of obstacles that entrepreneurs rate as seriously affecting enterprise operations. The second estimates the effects of the obstacles on growth through sequential multivariate regressions and identifies binding constraints for different categories of firms. It emerges that medium-sized firms are mildly affected by most obstacles but micro and small firms are significantly affected by crime, electricity and transportation problems. The chapter provides important insight on the sequencing of interventions to address the impediments to growth. Chapter 4 studies the finance constraint. It evaluates the importance of the constraint firstly by assessing whether firms rating finance as a serious problem underperform firms rating the problem as less important. Thereafter, the chapter studies the experiences of firms when seeking external finance and identifies four levels of the finance constraint. Using an ordered logit model and a binary logit model, the chapter explores the profile of financially constrained firms. Results show that firms owned by ethnic groups disadvantaged in the apartheid era are more likely to be credit-constrained. The results also suggest that the likelihood of being credit-constrained decreases with higher levels of formal education. The results inform policy on the types of firms that financial interventions must target. Chapter 5 builds on a growing body of evidence which shows that a small proportion of firms in an economy account for over 50 percent of net new jobs. The evidence from the literature suggests that such high-growth enterprises have distinct characteristics that could make it possible for interventions to nurture or for other firms to emulate. The chapter employs two methods to investigate the characteristics of high-growth firms. The first is logit regression, which the investigation uses to determine characteristics of firms that create more jobs than the average firm. The characteristics are also interacted to identify interaction terms most associated with growth. The second method is quantile regression, which makes it possible to assess the importance of each characteristic for firms in different levels of growth rates. The results show that the typical high-growth firm is more likely to be black-owned. The results of the chapter however highlight the need for further research into characteristics that may perhaps explain high-growth firms more robustly than variables in the survey instrument. The research ends with a summary, a discussion of areas of further research, and policy recommendations in Chapter 6.

Thesis (MDF)--Stellenbosch University, 2011. / This study was undertaken to find out how the SME sector in Nigeria has developed over time and to what extent it has performed its critical role of driving the country’s industrial transformation and development as it has done in other developed countries. This study has explained in detail, the development of SMEs in Nigeria and identified the economic potential of SMEs, their major problems, challenges and constraints, which have hindered them from playing the vital role in the Nigerian economic growth and development as well as made appropriate recommendations for redressing, reducing and/or eliminating them so that they could occupy their pride of place in the Nigerian economy. It also considered the various programmes implemented by various governments, to support and promote SMEs’ growth and development as well as the roles played by the government and the financial institutions towards promoting the development and growth of SMEs in Nigeria. The study employed primary date via questionnaires which were administered to the sampled financial institutions and SMEs’ operators, and the emanating data was analysed using simple percentages, charts and mean ranking. The Chi-square analytical technique was employed and the empirical analysis indicates that there has not been any significant contribution of government support towards developing SMEs, and also that there is a relationship between the sizes of SMEs and their modes of financing. The study determined, among others, that with the exclusion of lack of finance, the major constraints or challenges of SMEs ranked in descending order are inadequate managerial/board expertise, poor infrastructural facilities, inconsistencies in government policies, lack of financial records, multiple taxes and levies, etc. It also determined that lack of finance is a function of multiple problems and that the major sources of credit available for the financing SMEs in Nigeria are personal savings, family/friend support and commercial banks. The study recommended, among others, SME partnership and equity participation by financiers, loan guarantees, interest rate concession, fiscal incentives, and adequate training for SMEs as the factors that will drive the rapid transformations and development of the SME sector in Nigeria.

Thesis (MDF)--University of Stellenbosch, 2011. / In 2003, the then president of the Republic of South Africa, Mr Thabo Mbeki, alluded to the dual nature of the South African economy which, on the one hand, is well developed with sound macroeconomic management, while, on the other hand, it has characteristics of an underdeveloped Third World economy. The province of Limpopo is no exception to this anomalous economic phenomenon. It can be argued that, due to its preponderant rural character, the dual economy phenomenon is more pronounced in Limpopo than in other parts of the country. According to the government’s Integrated Strategy on the Promotion of Entrepreneurship and Small Enterprises, “the promotion of entrepreneurship and small businesses remains an important priority of the government of South Africa” (Department of Trade and Industry, 2005: 3). In line with this strategy, the government has committed itself to ensuring that small businesses increase their contribution to economic growth and job creation. To realise this goal, the government has taken measures to ensure that small business development becomes a key policy focus. In South Africa, the importance of developing small, medium and micro-enterprises (SMMEs) becomes even more critical for the achievement of social stability by creating jobs to solve the high unemployment rate. Apart from their contribution to job creation and economic growth, SMMEs can play a significant role in the economy of the country by introducing new innovative products and services, thereby improving the quality of life of the people. The challenge facing the province of Limpopo and indeed South Africa as a whole is how to effectively mobilise small enterprise support agencies to help in developing sustainable SMMEs that can contribute meaningfully to economic growth and development. The provincial government looks upon the support agencies to implement its SMME support strategy. This study provides a critical review of all the relevant institutions, agencies and programmes – operational at national, provincial, district and local level – which try to address support needs of small, medium and micro-enterprises. Many of these efforts are effective and reach significant numbers of small enterprises, yet many of the initiatives fail or remain ineffective. In many areas local staff is too limited to implement programmes or just to effectively publicise available support programmes. In a brief comparative section, we try to show that South Africa’s problems with inadequate SMMEsupport are far from unique. We are part of worldwide concern about practical steps to expand, strengthen and streamline SMME-support – and Limpopo is part of that challenge.

Family businesses have become a topic of growing interest among scholars and policy makers at both international and local levels, particularly given the sector’s contribution to the world economies. The increasingly volatile employment climate that prevails in many African settings today has increased the focus on small and medium enterprises as engines of economic growth and employment creation, and Botswana is no exception. The majority of family businesses are small to medium enterprises. The main objective of this study was to investigate the effects of governance structures and systems on the sustainability and continuity of family-owned and controlled businesses in Botswana. A study of this nature was important in view that some key sectors of the Botswana economy are dominated by small and medium family businesses. Of concern is the lack of continuity from one generation to the other among family businesses. Therefore, an understanding of the family dynamics and family business governance systems is important for managing the success and survival of the family business. Studies on small and medium enterprises have been carried out in Botswana mostly focusing on their problems, but not on their governance and sustainability. This was done using a cross-sectional research survey design. The target population for the study comprised small and medium family-owned businesses drawn from the manufacturing and professional services sectors and registered with the Business Botswana and Local Enterprises Authority in 2017. A sample of 144 familyowned businesses based in Gaborone and Francistown was polled. Quantitative data for the research was collected using a questionnaire. The quantitative research methodology adopted applied correlation and regression analysis, utilised Pearson correlation tests and Levene’s independent sample tests were performed to measure the relationships between five independent variables and the sustainability and continuity of family businesses in Botswana. This research empirically tested five hypotheses relating to governance factors that affect the sustainability and continuity of family businesses in Botswana. The research findings support the notion that the presence of governance structures, effective communication, decision-making, succession planning, and a vision, mission and strategy have a positive effect on the sustainability and continuity of family businesses. This research also established that small and medium family businesses face the same challenges as any other formation by ownership of non-family small and medium enterprises. Evidence is also provided that the challenges faced by family businesses in Botswana do not differ significantly with challenges faced by small and medium family businesses, with most respondents citing a lack of funding as the major challenge. For small and medium enterprises to continue playing their critical role in the economic development of Botswana, they need to formalise and adopt systematic approaches to strategy formulation and implementation, succession planning, governance structures and compliance. It is recommended that future studies focus on developing systematic generic models and assist small and medium familyowned businesses to implement and improve on their sustainability and continuity of businesses in Botswana. / Business Management / D. Admin.

Entrepreneurship education and training ensures economic development by enabling the creation of thriving new businesses and jobs by entrepreneurs. The Business Management Training Programme is tasked with training young entrepreneurs in South Africa. However, the youth unemployment rate has been exceedingly high in recent years. This study seeks to explore the implementation challenges being experienced by the Business Management Training Programme at the National Youth Development Agency. Using a qualitative approach, this study made use of semi-structured interviews with a carefully selected sample of those involved in the management and implementation of the Business Management Training Programme. A thematic analysis of the semi-structured interviews indicated that the challenges experienced in the implementation of the programme did not stem solely from operational issues within the National Youth Development Agency, but from the conceptualisation and design of the Business Management Training Programme. On this basis, it is recommended that the National Youth Development Agency use the Design and Architecture Framework for Entrepreneurship Education and Training to conceptualise and design their own Business Management Training Programme. The study concluded that by conceptualising and designing its own programme, the National Youth Development Agency will be able to address the unique entrepreneurial education and training challenges being experienced in South Africa. / Public Administration and Management / M. (Public Administration)