1996 | OriginalPaper | Buchkapitel
Helping Small and Medium Business
verfasst von : Marlene Hesketh
Erschienen in: Can South and Southern Africa become Globally Competitive Economies?
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
It is well documented that small and medium enterprises (SMEs) play a critical role in a successful economy. In Southern Africa, where countries are typically capital-poor and labour-rich, the emergence of the small, medium and micro-enterprise (SMME) sector provides opportunities for investment in industries with higher labour absorption at a lower cost of capital. The role of the SMME sector is also essential for technical and other innovation, which is so vital for the challenges facing the sub-continent. This paper addresses the contribution made by SMMEs to the South African economy, and the policy constraints facing the sector.