| IJEBM |
International
Journal of Economic and Business Management |
||||||||||||||||||||||
|
International Journal of Economic and Business Management Vol. 2(4), pp. 46-54, October, 2014. ISSN: 2384-6151 ©2014 Academic Research Journals
Full Length Research
An Assessment of Access to Financial Management Services by Small, Medium and Micro-Enterprises (SMMEs) in Thohoyandou Business Centre, Limpopo, South Africa
MUHALI NDOU
University of Venda, South Africa. E-mail: Muhali.Ndou@univen.ac.za
Accepted 28 October 2014
SMMEs, as
vehicles of growth, innovation and social transformation, are important
businesses which must be nurtured and harnessed by the South African
authorities to enable them to quickly and effectively adapt to the
challenges of globalization thereby benefiting the economy. The
importance of SMMEs to the South African economy has already been
acknowledged by government. One of the major hurdles that face
entrepreneurship endeavours is the shortage of financial management
skills. South Africa has a grim picture of the skills gap. SMMEs become
the hardest hit as the entire commerce sector forages for the scarcest
skills. Small enterprises have been victims of the instance of
developing their employees only to lose them to bigger firms offering
more lucrative incentives. As a point in case, SMMEs in South Africa’s
expanding construction sector are losing the fight in the battle for
scarce skills.Therefore, this study made an assessment on access to
financial management services by SMMEs in Thohoyandou Business Centre,
as this has a bearing on the economic development and sustainability of
SMMEs. The research wanted to establish if the SMMEs in Thohoyandou
Business Centre had access to financial management services support and,
if they have, are the SMMEs ready to receive these financial management
services? Cite This Article As: NDOU M (2014). An Assessment of Access to Financial Management Services by Small, Medium and Micro-Enterprises (SMMEs) in Thohoyandou Business Centre, Limpopo, South Africa. Inter. J. Econ. Bus. Manage. 2(4): 46-54.
|
|
|||||||||||||||||||||
