The research study investigates some of the problems or challenges faced by SMMEs in
the Mafikeng and Mmabatho area of the North West province. It strives to find out the
extent to which these problems occur and the impact they have on these businesses. The
research focuses on a number of major problems considered to be hindering the growth of
SMMEs in this area, namely the lack of entrepreneurial management, financial skills,
accessing finance and the role played by lack of financial and mentoring support on the
success or failure of SMMEs.
Some of the significant findings of this study are that the majority of the businesses fail
because of lack of access to finance, lack of entrepreneurial skills and lack of mentoring
support from the government. The government and banks should make it easier for
SMMEs to access finance. The government should act as collateral for SMMEs to secure
finance from commercial institutions. The government should involve the private sector
in training SMMEs to acquire entrepreneurial skills. This will help SMMEs to run their
businesses professionally and therefore become sustainable. This will impact positively
to the economic growth, in terms of job creation to the entire province
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:nwu/oai:dspace.nwu.ac.za:10394/3124 |
| Date | January 2006 |
| Creators | Khiba, Karabo |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
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