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All Journal Journal of Economics, Business, & Accountancy Ventura International Journal of Business, Economics, and Social Development
Makwara, Tendai
Unknown Affiliation
Humanities Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Social Sciences

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Poor Performance of Small, Medium, and Micro Enterprises in South Africa: What has Race and Apartheid Got to Do with it? Makwara, Tendai; Sibanda, Lucky; Iwu, Chux Gervase
Journal of Economics, Business, and Accountancy Ventura Vol. 26 No. 2 (2023): August - November 2023
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v26i2.3744

Abstract

Small, medium, and micro enterprises (SMMEs) are expected to contribute significantly to South Africa’s socioeconomic development. Despite the various private and public institutional agencies in place to bolster the role of SMMEs, these SMMEs continue to perform poorly. The poor performance of SMMEs has been linked to race and apartheid. Through a literature review, this study explored this attribution of SMMEs’ poor performance to race and apartheid, considering that many argue that the apartheid legacy is the root of many challenges encountered by SMMEs. The results are, however, ambivalent. They suggest that, although apartheid and race remain critical issues in explaining some existing structural challenges that SMMEs encounter, their effects may have been superseded by other post-apartheid issues that undermine SMMEs’ performance. Specifically, apart from continuing influences of apartheid-era challenges such as race-based barriers to markets and access to financial support, present-day issues such as corruption, bad governance, ill-conceived business strategies, and infrastructure challenges negatively influence the performance of SMMEs. Addressing these multifaceted issues requires coordinated efforts from the government, the private sector, and other stakeholders to create a conducive environment for SMMEs’ growth and success. We, therefore, conclude that the causes of the poor performance of SMMEs in South Africa stretch beyond race and apartheid and call for an exhaustive analysis of broader issues that undermine SMMEs’ performance in South Africa.
Exploring the impact of Firm-Level Corporate Governance Challenges on Sustainable Development Goals (SDGs) in a Developing Economy Makwara, Tendai
International Journal of Business, Economics, and Social Development Vol 5, No 4 (2024)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v5i4.740

Abstract

The impact of firm-level corporate governance challenges on sustainable development requires attention, particularly in developing countries. This qualitative study explores factors contributing to South African firms' poor CG performance and the implications of firm-level CG challenges towards attaining SDGs in South Africa. It employs a rapid review methodology to search and review selected articles systematically. Content analysis is used to draw findings. Results reveal that historical, economic, lack of critical scholarship and weak regulatory enforcement and oversight factors affect South African corporate governance practices. Notably, a lack of reform in the corporate governance architecture underpins most of the challenges firms experience regarding corporate governance practices. These results can be linked to slow progress towards realising sustainable development goals (SDG) targets from achieving socioeconomic equality, board diversity, jobs, poverty alleviation and justice for all. This study contributes to scholarship on the intersectionality between CG, SDGs, and existing challenges that restrict the business sector from fully contributing to national development. In South Africa, the study also reviews progress towards strengthening the CG fabric in the post-apartheid era.
Poor Performance of Small, Medium, and Micro Enterprises in South Africa: What has Race and Apartheid Got to Do with it? Makwara, Tendai; Sibanda, Lucky; Iwu, Chux Gervase
Journal of Economics, Business, and Accountancy Ventura Vol. 26 No. 2 (2023): August - November 2023
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v26i2.3744

Abstract

Small, medium, and micro enterprises (SMMEs) are expected to contribute significantly to South Africa’s socioeconomic development. Despite the various private and public institutional agencies in place to bolster the role of SMMEs, these SMMEs continue to perform poorly. The poor performance of SMMEs has been linked to race and apartheid. Through a literature review, this study explored this attribution of SMMEs’ poor performance to race and apartheid, considering that many argue that the apartheid legacy is the root of many challenges encountered by SMMEs. The results are, however, ambivalent. They suggest that, although apartheid and race remain critical issues in explaining some existing structural challenges that SMMEs encounter, their effects may have been superseded by other post-apartheid issues that undermine SMMEs’ performance. Specifically, apart from continuing influences of apartheid-era challenges such as race-based barriers to markets and access to financial support, present-day issues such as corruption, bad governance, ill-conceived business strategies, and infrastructure challenges negatively influence the performance of SMMEs. Addressing these multifaceted issues requires coordinated efforts from the government, the private sector, and other stakeholders to create a conducive environment for SMMEs’ growth and success. We, therefore, conclude that the causes of the poor performance of SMMEs in South Africa stretch beyond race and apartheid and call for an exhaustive analysis of broader issues that undermine SMMEs’ performance in South Africa.
Exploring the impact of Firm-Level Corporate Governance Challenges on Sustainable Development Goals (SDGs) in a Developing Economy Makwara, Tendai
International Journal of Business, Economics, and Social Development Vol. 5 No. 4 (2024)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v5i4.740

Abstract

The impact of firm-level corporate governance challenges on sustainable development requires attention, particularly in developing countries. This qualitative study explores factors contributing to South African firms' poor CG performance and the implications of firm-level CG challenges towards attaining SDGs in South Africa. It employs a rapid review methodology to search and review selected articles systematically. Content analysis is used to draw findings. Results reveal that historical, economic, lack of critical scholarship and weak regulatory enforcement and oversight factors affect South African corporate governance practices. Notably, a lack of reform in the corporate governance architecture underpins most of the challenges firms experience regarding corporate governance practices. These results can be linked to slow progress towards realising sustainable development goals (SDG) targets from achieving socioeconomic equality, board diversity, jobs, poverty alleviation and justice for all. This study contributes to scholarship on the intersectionality between CG, SDGs, and existing challenges that restrict the business sector from fully contributing to national development. In South Africa, the study also reviews progress towards strengthening the CG fabric in the post-apartheid era.
Co-Authors Iwu, Chux Gervase Sibanda, Lucky