This study is aimed at uncovering the capital constraints of emerging agribusinesses in South Africa. The goal of the research is to provide South African policy makers, programme administrators and development practitioners with information to make sound policy and programme decisions for the reduction of such constraints. The research also aims to make potential entrepreneurs aware of the importance of considering capital constraints to the start-up and growth of their businesses. This research was informed by the principles of qualitative research and is both exploratory and interpretative in nature. The research process comprised of two phases. The first phase constituted a sample of five experts from the finance-enabling environment (financial institutions); and the second phase was made up of twenty start-up entrepreneurs in the emerging agribusiness industry. The research found that barriers to accessing finance are largely due to lack of collateral, a poor credit record, inadequate business skills and communication problems between financiers and entrepreneurs. On the issue of what role the finance-enabling environment should play in reducing barriers to finance, findings from the research suggested more risk-taking by the financiers, relaxing the stringent credit assessment criteria, increasing the risk appetite and providing more for impairments or bad debts. / Dissertation (MBA)--University of Pretoria, 2010. / Gordon Institute of Business Science (GIBS) / unrestricted

Submitted by admin tede (tede@pucgoias.edu.br) on 2017-04-27T11:17:27Z No. of bitstreams: 1 ANDREIA APARECIDA BORGES.pdf: 1811549 bytes, checksum: 4225aa4239cb13014bdb4897a9b337d8 (MD5) / Made available in DSpace on 2017-04-27T11:17:27Z (GMT). No. of bitstreams: 1 ANDREIA APARECIDA BORGES.pdf: 1811549 bytes, checksum: 4225aa4239cb13014bdb4897a9b337d8 (MD5) Previous issue date: 2017-03-14 / The present work aims to characterize the peculiarities of the Itumbiara industrial pole and to identify the reasons for the difference of its performance vis a vis the poles of Catalão and Rio Verde during the period of consolidation of its productive complexes. Using data from IPEA's historical added value series, IBGE municipal GDP, RAIS information from the Ministry of Labor, and various sources on the history of investments in these municipalities, traces a trajectory of its industrial development, focusing on the period of consolidation of their productive complexes. It argues that the intense process of agricultural modernization, in the pattern of the Green Revolution, and the implementation of large mineral enterprises, made possible by the programs and investments of the II PND and the construction of Brasília between the 1970s and the end of the 1990s, resulted in Increasing integration of primary and secondary production sectors in the regions nucleated by those municipalities, feeding back the process of expansion with more or less virtuous circles of growth and structural change in their industry. It also reveals that Itumbiara, which came on a dynamic trajectory in its stage of agricultural modernization, loses relative dynamism, presenting a performance that falls short of the others. It points out as probable causes the strong polarization exerted by Rio Verde / Jataí on the investments in the complex of grains and meats in the period, also exerted by the pole of Uberlândia and Uberaba, acting as regressive effects in the direction pointed out by Myrdal. And, the cotton crisis in the 1990s and the sugar and alcohol industry, two very important segments in its agro-industrial structure. / O presente trabalho tem como objetivo caracterizar as peculiaridades do polo industrial de Itumbiara e identificar as razões da diferença de seu desempenho vis à vis os polos de Catalão e Rio Verde, durante o período de consolidação de seus complexos produtivos. Utilizando dados das séries históricas de valor adicionado do IPEA, do PIB municipal do IBGE, informações da RAIS do Ministério do Trabalho, e de diversas fontes sobre o histórico de investimentos nesses municípios, traça uma trajetória de seu desenvolvimento industrial, focando do período de consolidação de seus complexos produtivos. Argumenta que o intenso processo de modernização agropecuário, no padrão da Revolução Verde, e a implantação de grandes empreendimentos minerais, viabilizados pelos programas e investimentos do II PND e a construção de Brasília, entre aos anos 1970 e final da década de 90, resultaram em crescente integração da produção primária e a secundária nas regiões nucleadas por aqueles municípios, retroalimentando o processo de expansão com círculos mais, ou menos, virtuosos de crescimento e mudança estrutural na sua indústria. Revela, ainda, que Itumbiara que vinha em uma trajetória dinâmica na sua etapa de modernização agrícola, perde dinamismo relativo, apresentando um desempenho aquém dos demais. Aponta como causas prováveis a forte polarização exercida por Rio Verde/Jataí sobre os investimentos no complexo de grãos e carnes no período, igualmente exercido pelo polo de Uberlândia e Uberaba, atuando como efeitos regressivos no sentido pontado por Myrdal. E ainda, a crise do algodão na década de 1990 e do setor sucroalcooleiro, dois segmentos muito importantes em sua estrutura agroindustrial.