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Introduction: Overview of the Book

In: SMEs Perspective in Africa

Author

Listed:
  • Gift Mugano

    (Durban University of Technology)

  • Nirmala Dorasamy

    (Durban University of Technology)

Abstract

There is no universal definition of small and medium enterprises (SMEs) nor is there a similar set of parameters used to measure the size of SMEs (Mugano, 2024). Across the globe, countries’ own legislations are used to inform a country’s own definition of SMEs by paying special attention to what constitutes a “small” and “medium” enterprise in relation to the size of the domestic economy (Mugano, 2024). In this regard, in South Africa, SMEs are defined as follows: own-account, that is, enterprises which are owned by entrepreneurs only or sole traders and as these have no employees; micro (1–4 workers); small (5–9 workers); medium (10–49 workers); and large (employing a minimum of 50 workers) (Bhorat et al., 2018).

Suggested Citation

  • Gift Mugano & Nirmala Dorasamy, 2024. "Introduction: Overview of the Book," Springer Books, in: SMEs Perspective in Africa, chapter 0, pages 1-7, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-69103-4_1
    DOI: 10.1007/978-3-031-69103-4_1
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