Abstract
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.
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© 1996 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Hesketh, M. (1996). Helping Small and Medium Business. In: Maasdorp, G. (eds) Can South and Southern Africa become Globally Competitive Economies?. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24972-5_23
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DOI: https://doi.org/10.1007/978-1-349-24972-5_23
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-65388-3
Online ISBN: 978-1-349-24972-5
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