Social entrepreneurship and networking challenges: Impact on sustainable development in South Africa

Problems and Perspectives in Management, Journal Year: 2022, Volume and Issue: 20(4), P. 195 - 209

Published: Nov. 17, 2022

The overwhelming complexity of achieving sustainable development globally, including in South Africa, requires the networking and partnerships all stakeholders. This paper reports challenges affecting social entrepreneurship’s contribution to development. study aimed investigate analyze impact on entrepreneurship townships KwaZulu-Natal (KZN) province. is quantitative was conducted three KZN township communities. sample consisted 90 entrepreneurs selected using a snowball sampling technique. respondents completed self-administered close-ended questionnaire (employing five-point Likert scale). data were analyzed SPSS (27.0 version). Cronbach’s Alpha 0.808 indicated reliability as measuring instrument for this study. revealed that lack with other entrepreneurs, insufficient partnership corporate organizations, absence government, platform use networking, affect entrepreneurs’ activities. A chi-square test also tested variables statistically significant, p-value = .000.

Language: Английский

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Mitigating the Impact of COVID-19 on SMEs Through Government Policy Intervention: A Systematic Literature Review and Bibliometric Analysis

Future Business Journal, Journal Year: 2024, Volume and Issue: 10(1)

Published: May 19, 2024

Abstract This paper aims to investigate government policy intervention for mitigating the impacts of COVID-19 on small and medium enterprises (SMEs). has utilized a methodology comprising bibliometrics, network, content analyses 831 documents extracted from Scopus database explore extant literature this domain. A systematic review also been performed propose during crisis framework. The analysis discerned that interventions yielding greatest success display pronounced industry focus, regardless country’s economic context. Notably efficacious encompass support market access promotion, regulatory flexibility, wage subsidies, supply chain bolstering, sustainable long-term support, training development, digitization aid, industry-specific credit capital. Collaborative efforts between governments financial institutions proved instrumental in expediting SME recovery. Furthermore, initiatives like knowledge-sharing, capacity-building, digitalization SMEs, management played pivotal roles ensuring survival pandemic. provided guidelines future research direction.

Language: Английский

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Exploring network typology and their role in immigrant entrepreneurship: insights from South Africa

Journal of Enterprising Communities People and Places in the Global Economy, Journal Year: 2024, Volume and Issue: unknown

Published: July 2, 2024

Purpose This study aims to explore network typology and the role of networks in immigrant entrepreneurs’ (IEs) business operations South Africa (SA). Design/methodology/approach In-depth interviews were carried out with 25 IEs operating their ventures SA, selected via purposive sampling method. Findings The findings indicated that SA use social most often, minimal international networks. In addition, showed IE networks’ key roles include providing them access referrals resource provision. However, whilst provision emerged as a significant role, finance appeared main provided by Originality/value To best authors’ knowledge, this original paper theoretical empirical contributions research on its for IEs. Thus, extended current literature intersection networking behaviours.

Language: Английский

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‘CHERISH’ OR PERISH: THE INEVITABLE OUTCOME OF AN ECONOMY IN CRISIS

International Journal of Entrepreneurial Knowledge, Journal Year: 2023, Volume and Issue: 11(1), P. 102 - 119

Published: June 29, 2023

We used an integrative qualitative descriptive review methodology to survey the literature on COVID-19 pandemic understand how devastated businesses as well emphasise benefit of understanding possible opportunities that emerge from a crisis. The discussions are framed within purview resilience and vulnerability theory, including resource-based view. Findings indicate result sudden emergence COVID-19, many businesses' unpreparedness untested capabilities led their demise, with others downsizing or ceasing operations. required adopt speedy adaptation business practices, thinking, processes capitalise emerging opportunities. Thus, adopted e-commerce, virtual operations, development new channels. Overall, study concludes confronted mixed bag consequences. study, therefore, recommends developing nations' governments institute radical economic transformation efforts secure ecosystem overcome turnaround challenges. Moreover, studies track improved fortunes firms downscaled during in post-COVID-19 era recommended. study's major limitation is most reviewed set Africa, which may limit applicability findings other regions. However, theme retains global relevance. contributes by providing insights into specific impacts crisis businesses, importance mechanisms, role government support, need for entrepreneurship education post-pandemic era.

Language: Английский

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The effect of interest rates on credit access for small and medium-sized enterprises: A South African perspective

Banks and Bank Systems, Journal Year: 2023, Volume and Issue: 18(4), P. 140 - 148

Published: Nov. 15, 2023

This study investigates the effect of interest rates on credit access for small and medium-sized enterprises (SMEs) in South Africa. The employs a quantitative research design, using data collected from 200 SMEs was analyzed descriptive statistics, Pearson’s correlation coefficient analysis, multiple regression analysis. An inverse relationship between rate accessibility found Pearson (r = –.199, p < 0.05). results show that have significant negative Moreover, finds experience considerable obstacles obtaining affordable credit, play crucial role this. recommends policymakers Africa should consider reducing relaxing collateral requirements to improve SMEs. Furthermore, suggests focus building good history their creditworthiness increase chances accessing credit. Overall, findings this contribute existing literature provide insights SME owners

Language: Английский

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CONSEQUENCES OF FAILURE AND CHALLENGES OF SMALL BUSINESS IN SOUTH AFRICA: A THEORETICAL REVIEW

BUSINESS EXCELLENCE AND MANAGEMENT, Journal Year: 2023, Volume and Issue: 13(3)

Published: Sept. 15, 2023

In most nations, small businesses are viewed as vital to economic advancement.These smaller can take advantage of environmental opportunities more effectively than huge corporations since they adaptable.Nevertheless, in the course their activity, also face numerous challenges.The study aimed look at challenges faced by Small South Africa and consequences business failure within country.The made recommendations on how sustain these businesses.This paper was written employing a descriptive literature review.The review approach is an organised process that seeks out, collects, evaluates published works specific area identify any discernible patterns or trends.Every SME situation ought be reviewed unique case treated its merit.Consequently, success would found reverse elements, namely, entrepreneur capacity, enterprise competitiveness, conduciveness.

Language: Английский

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Factors Affecting Small and Medium-Sized Enterprises Financial Resilience Post Covid-19 Pandemic in South Africa

International Journal of Environmental Sustainability and Social Science, Journal Year: 2023, Volume and Issue: 4(6), P. 1822 - 1834

Published: Nov. 30, 2023

This research paper aims to investigate the factors influencing financial resilience of SMEs in South Africa aftermath COVID-19 pandemic. The study focuses on three primary factors: access loans, interest rates applied these and structure repayment plans. To achieve this purpose, a quantitative methodology, guided by positivism philosophical framework, was employed. selected 310 respondents who were SME owners representing various sectors. data collection analysis methods primarily involved multivariate regression analysis. revealed that design plans exerted positive statistically significant effects post-COVID-19 period. These displayed probability values 0.005 absolute 0.448, 0.456, 0.432, respectively. findings underscore crucial role determining stability SMEs. study's implications are twofold. First, it suggests institutions should streamline process for financing, making more accessible accommodating. Furthermore, tailor loan options better align with unique needs Second, underscores importance offering education support services assist enhancing their management skills adaptability within post-pandemic economic landscape.

Language: Английский

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Adoption of Information Technology by Micro-enterprises. Evidence from the Democratic Republic of Congo (DRC)

European Journal of Sustainable Development, Journal Year: 2022, Volume and Issue: 11(3), P. 167 - 167

Published: Oct. 1, 2022

Although the Democratic Republic of Congo has huge mineral reserves, it is one deprived countries caused by continuous instability. Moreover, micro-entrepreneurs have a very low level knowledge in information technologies and its application their businesses despite microenterprises can be crucial for job generation, improvement finally economic growth environment. The present research work aims to analyse what socioeconomic factors determine IT adoption use order improve sustainability. Through quantitative qualitative we studied current situation microbusinesses regarding ICT. results show that management characteristics as well education employees use. This paper contributes with root evidence about ICT an engine sustainability development among Congo.

Language: Английский

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Impact of Covid-19 on SMMEs and the future sustainability measures: a systematic review

HOLISTICA – Journal of Business and Public Administration, Journal Year: 2022, Volume and Issue: 13(2), P. 111 - 131

Published: Dec. 1, 2022

Abstract Small Medium and Micro Enterprises (SMMEs) have made remarkable contributions to enhancing the economic growth of South Africa. The emergence COVID-19 retarded SMMEs due lockdown imposed by government on 23rd March, 2020. This study investigated impact future sustainability measures. To achieve objectives this study, a systematic review was adopted 150 articles were downloaded from various databases for study. Findings obtained revealed that several authors different continents wide revive amidst disruption. recommendations include amplifying their communication networks adopting e-commerce options, as well Social Network Sites reach out customers. Other adoption transactional leadership, strategic management, employee financial effective collaboration. further recommended should endeavour provide funding opportunities SMMEs, improve provision infrastructure enhance effectiveness business environment. concludes affected interruption would be revived if are applied.

Language: Английский

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A Framework For Overcoming M-commerce Adoption Barriers In Angola

Journal of Economic Development Environment and People, Journal Year: 2023, Volume and Issue: 12(2), P. 26 - 47

Published: June 30, 2023

The COVID-19 pandemic has significantly impacted the global economy, with brick-and-mortar businesses particularly hard-hit. In Angola, lockdown imposed in response to forced many companies close their doors, leading widespread job losses and economic hardship. However, also presented an opportunity for that could adopt m-commerce or other alternative sales channels. This study aims understand factors have impeded adoption of by retail SMEs Angola during pandemic. proposes a conceptual framework overcoming barriers these encountered. was conducted using mixed-method approach, data collected from 306 business managers/owners professionals through structured questionnaire semi-structured interviews. study's findings suggest impeding were lack experience m-commerce, skills configure forward backward distribution systems, personnel IT skills; cost infrastructure; support external environment. concludes proposing framework/strategy stimulating Angola. strategy includes providing training on developing supportive regulatory environment, investing infrastructure.

Language: Английский

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