A STUDY OF SMALL, MEDIUM, AND MICRO-SIZED ENTERPRISE (SMME) BUSINESS OWNER AND STAKEHOLDER PERCEPTIONS OF BARRIERS AND ENABLERS IN THE SOUTH AFRICAN RETAIL SECTOR

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Abstract

Despite the support extended to the small business sector in South Africa, the growth and survival rates of small, medium, and micro-sized enterprises (SMMEs) are lower than expected. This paper investigates business owner and stakeholder perceptions of barriers and enablers of the start-up, survival, and growth of SMMEs in the South African retail sector. A qualitative research design using semi-structured interviews was employed for data collection from samples of stakeholders and business owners. Framework analysis was used to analyse both sets of data. The findings show that the stakeholders and business owners consider the lack of support, competition, skills shortages, and poor internal controls as the key barriers to the start-up, survival, and growth of SMMEs. Stakeholders considered the business environment as the key enabler while the business owners regarded increasing demand as the key enabler. To address the barriers, recommendations relating to skills development, funding, shelter and services, and other business development resources are presented.

Keywords: South Africa, Retail Sector, Barriers, Enablers, Informal Businesses, SMME

How to cite this paper: Jere, M. G., Jere, A. K., & Aspeling, J. (2015). A study of small, medium, and micro-sized enterprise (SMME) business owner and stakeholder perceptions of barriers and enablers in the South African retail sector. Journal of Governance and Regulation, 4(4-5), 620-630. https://doi.org/10.22495/jgr_v4_i4_c5_p7