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West Ashley Library
9 a.m. - 7 p.m.
Phone: (843) 766-6635
Folly Beach Library
9 a.m. - 5:30 p.m.
Phone: (843) 588-2001
Edgar Allan Poe/Sullivan's Island Library
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Wando Mount Pleasant Library
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Phone: (843) 805-6888
Village Library
9 a.m. - 6 p.m.
Phone: (843) 884-9741
St. Paul's/Hollywood Library
9 a.m. - 8 p.m.
Phone: (843) 889-3300
Otranto Road Library
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Mt. Pleasant Library
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McClellanville Library
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Keith Summey North Charleston Library
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John's Island Library
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Hurd/St. Andrews Library
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The effect of regulations and legislation on small, micro and medium enterprises in South Africa.
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- Author(s): Nieuwenhuizen, Cecile1
- Source:
Development Southern Africa. Sep2019, Vol. 36 Issue 5, p666-677. 12p. 1 Chart.- Subject Terms:
- Source:
- Additional Information
- Abstract: The rates of entrepreneurship and new venture creation are of concern in the South African economy. This phenomenon is reflected in the low rates of businesses operating as small, micro and medium enterprises (SMMEs). Due to the importance of SMMEs in the economy, this study identified and investigated employment and wealth creation factors inhibiting the establishment and growth of SMMEs. The regulatory environment and related legislation and compliance were identified as primary inhibitors of business start-up and growth. Excessive red tape with regards to compliance with labour laws, human and industrial relations, tax and tax-related issues, legal requirements, municipal regulations and support for business start-ups are key obstacles experienced by SMMEs. To improve rates of SMME establishment and performance, the government is urged to review its restrictive regulations and implement initiatives to promote a more supportive environment for business. Such changes would contribute to economic growth and improved government performance. [ABSTRACT FROM AUTHOR]
- Abstract: Copyright of Development Southern Africa is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Abstract:
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