RISKS CONNECTED TO THE WORK FORCE AT THE SMALL, MEDIUM AND MICRO ENTERPRISES

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Bukelwa Mbinda, John Peter Spencer

DOI:10.22495/rcgv6i4c1art7

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Abstract

The aim of this paper is to report on, and examine the impacts of, a skills shortage as a constraint on entrepreneurial development in the townships, specifically that of Khayelitsha, and to identify tools that are essential for the Small, Medium and Micro enterprise (SMMEs) businesses, in Khayelitsha. These skills are critical for the future development of the area. The research design employed in data gathering for this study was both qualitative and quantitative, and the questionnaires used required participants to answer open and closed ended questions. The review reveals, among other factors, a lack of a skilled workforce facing these businesses, and the recommendations made could lead to an empowering tool necessary for business ventures and entrepreneurs to succeed.

Keywords: SMMEs, Skills Transfer, Training, Government, Education

How to cite this paper: Mbinda, B., & Spencera, J. (2016). Risks connected to the work force at the small, medium and micro enterprises. Risk governance & control: financial markets & institutions, 6(4-1), 161-166. http://dx.doi.org/10.22495/rcgv6i4c1art7