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The relationship between SME financial sustainability and owners’ financial well-being in South Africa

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  • Thabiso Msomi

    (Durban University of Technology)

  • Kansilembo Aliamutu

    (University of KwaZulu Natal)

Abstract

This study examines the relationship between financial sustainability and the financial well-being of SME owners in Durban, South Africa. Utilising a quantitative research design, data were gathered through close-ended surveys from a diverse cross-section of SME owners, employing a cross-sectional approach.The study adopted a positivist philosophical framework, emphasising quantitative data analysis to derive conclusions. A total of 250 responses were collected, yielding a robust response rate of 82%. The analysis involved descriptive statistics and correlation analysis, with the correlation matrix revealing a positive, statistically significant correlation (r = 0.504, p

Suggested Citation

  • Thabiso Msomi & Kansilembo Aliamutu, 2024. "The relationship between SME financial sustainability and owners’ financial well-being in South Africa," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 13(5), pages 579-587, July.
    • Handle: RePEc:rbs:ijbrss:v:13:y:2024:i:5:p:579-587
    DOI: 10.20525/ijrbs.v13i5.3464
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