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Helping Small and Medium Business

In: Can South and Southern Africa become Globally Competitive Economies?

Author

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  • Marlene Hesketh

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.

Suggested Citation

  • Marlene Hesketh, 1996. "Helping Small and Medium Business," Palgrave Macmillan Books, in: Gavin Maasdorp (ed.), Can South and Southern Africa become Globally Competitive Economies?, chapter 22, pages 251-257, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24972-5_23
    DOI: 10.1007/978-1-349-24972-5_23
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