M.Comm. / Hierdie studie het ten doel om die volgende te bereik: Om 'n oorsig te bied oor die geskiedenis van KMMO's in Suid-Afrika Om 'n kritiese beskouing te bied oor die makro- en mikro- ekonomiese omgewing waarbinne KMMO's in 'n hedendaagse Suid-Afrika funksioneer Gegrond op die voorafgaande doelwitte, om hipotese stellings te formuleer wat die basis sal vorm vir 'n model vir die bemagtiging en instaatstelling van KMMO's in Suid-Afrika, met die oog op verdere studie.

M.B.A. / With South Africa's formal economy creating only a trickle of new jobs, the small business sector would seem the only opportunity for our legions of unemployment. Despite this need the South African financial system in which both bankers and government guarantee agencies, still shy away from the sector most in need of capital. Aspiring entrepreneurs without capital or a proven track record running a business can prove difficult, The greatest challenge facing small business in South Africa, whether in its initial stage or through its growth stage, is the difficulty of obtaining finance from the banks or other financial institutions. When George Smith started his business in Roodepoort, west of Johannesburg in 1990, he entered into a partnership with his brother. They acquired a convenience store from Metcash Ltd., one of the biggest retail companies on the Johannesburg .Stock Exchange. Jazz Stores closed all its branches country wide due to major losses incurred (Smith, 1999). As young entrepreneurs they had a vision that a convenience store at a taxi rank could be profitable. Their biggest constraint was the lack of capital to finance the purchasing of the store, nevertheless the store was reopened soon after the purchase and the revamping was done in stages. Thanks to some of their friends and family who helped them financially...

Thesis (MTech (Cost and Management Accounting))--Cape Peninsula University of Technology, 2017. / Background: Research has shown that a high percentage of SMMEs in South Africa are not sustainable, most of them failing in their infancy stage. In order to make sound decisions and achieve desirable results, owners/managers need to make use of budgets in managing their businesses. Utilisation of budgets is the core of financial planning and decision-making in manufacturing enterprises. Lack of utilisation of budgets in managing businesses can lead to business failure. There is need to conduct a study on the utilisation of budgets by SMEs in the manufacturing industry. Objectives: The aim of this study was to determine the extent to which SMEs in the manufacturing industry in the Cape Metropolis use budgets for managing their businesses. This was achieved by determining whether the SMEs in the manufacturing industry used budgets or not, what types of budgets were used, the purposes for which the budgets were used and what challenges if any were faced by these SMEs when using budgets. Methodology: Data was collected from 108 respondents by means of a questionnaire comprising closed-ended questions. Descriptive statistics were employed to analyse the data in SPSS version 24. Frequency tables and pie charts were used to present the findings. Findings: The findings of the study reveal that most SMEs in the manufacturing industry in the Cape Metropolis use budgets for managing their businesses. The SMEs prepare budgets which are used for various purposes. The SMEs however face challenges when utilising budgets. Recommendations: Future interventions by Department of Small Business Development on financial planning should focus more on micro and very small enterprises. Other categories of enterprises may apply this information and emulate the utilisation of budgets from the SMEs in the manufacturing industry as they strive to survive and grow.

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. / M

M.Comm. / The growth and development of the small. medium and microenterprise (SMME) sector is acknowledged by most interest groups and policy makers as being of critical importance to South Africa's ability to address the serious problems of unemployment. However research that has been conducted recently shows that the major factor that impedes the establishment and success of businesses is the lack of capital. which is ascribed to a lack of own funds and a lack of assets, especially fixed assets. which could serve as security-to obtain loans and bank overdrafts. Further. current levels of investments in SMMEs are inadequate for achieving the growth levels anticipated in the GEAR strategy. This problem is even more prevalent mainly in the areas of the previously disadvantaged. The purpose of this dissertation is therefore to identify the role of commercial banks in financing SMMEs in the Greater Soweto. This purpose stems from the fact that SMMEs have a major role to play in the South African economy in terms of employment creation. income generation and output growth. SMMEs are also often a vehicle through which the lowest-income people in our society gain access to economic opportunities at a time that distribution of income and wealth in South Africa is amongst the most unequal in the world. Commercial banks are profit-seeking and risk-averse institutions. They need to satisfy themselves in respect of the financial stability of the SMMEs that seek funds from them. To this effect, management procedures of the SMMEs that seek funds have to be acceptable and recognised by the commercial banks from which funds are sought. In light of this. practices of planning. organising, directing and controlling of the SMMEs are some of the key features over which SMMEs have control. It can also indicate their risk profiles to the commercial banks.Over and above the management procedures. SMMEs have to keep proper financial statements that clearly reveal the SMMEs' financial position. financial performances. growth plans and resources required to achieve those plans. This information is also important not only to commercial banks but also to other non-banking institutions that help SMMEs financially to evaluate their risk profiles. These other non-banking institutions could be less concerned about the risk profiles of the SMMEs but rather be more concerned about their development. The findings of this study reveal that while most SMMEs use the services of the commercial banks in one or other respect, they still have difficulty in obtaining finance. The main reason for the lack of finance is considered to be discrimination on the part of the commercial banks. However, other factors contribute to the difficulty in obtaining finance. These are a lack of understanding by banks and the fact that other than banks, there are not many other alternative sources of finance available to SMMEs in Soweto. The fact that most SM-MEs have had low pastnet profits and low owner's contribution is another reason. It is recommended that managements of the SMMEs improve their managerial skills on aspects of financing, financial information preparation, calculation of capital requirements and related matters. It is also recommended that commercial banks study the reasons offered by the respondents as to why they perceive them to be discriminatory in allocating funds to the previously disadvantaged SMMEs. It is therefore recommended that commercial banks seek to liminate this perception by means of a substantial public relations campaign that will bring together the commercial banks and the SMMEs concerned to discuss possible solutions to the problems at hand.

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

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.

This study examined how financial management decisions are made by small and medium enterprises (SMEs) in the Buffalo City Metropolitan in Eastern Cape, South Africa. The study aimed at discovering SME awareness on financial management practices. The financial management practices address issues on capital budgeting, working capital management, capital structure, financial reporting and analysis. The study, therefore, hypothesised that SMEs were not aware of the sound financial management practices. It was also intended in this study to examine the relationship between employment of sound financial management practices and firm financial performance. Subsequently, the study hypothesised that the employment of sound financial management practices by SMEs did not significantly affect their financial performance. The results obtained in this study revealed that SMEs were aware of the sound financial management practices that could be employed to yield high financial performance. However, the results also revealed that most SMEs were not employing qualified personnel and this in turn had an effect on the effectiveness of the financial management practices that the SMEs utilised. The findings also indicated that the employment of sound financial management practices did significantly and positively affect the financial performance of SMEs. The study recommended that SMEs could increase their chances of financial survival if they employ sound financial management practices. The study also gave recommendations to the South African Government to provide effective facilities and services to SMEs and help sustain them because they are important in the economy. Lastly, the study recommended financial institutions to relax their credit granting policies so that SMEs could access funds.