Government Support for Rural Tourism SMMEs: The Case of Greater Letaba Municipality in South Africa

Small, medium, and micro enterprises (SMMEs) are major contributors to economicgrowth and development. While SMMEs play a crucial role in driving economic growth in advanced economies, they have a high failure rate in South Africa, especially during the start-up and growth phases. This study investigates the role of government support in the development and growth of SMMEs in South Africa. Its results indicate that despite government support schemes and initiatives, the failure rate of SMMEs remains high. The main challenges faced by the SMME sector include the large number of regulations, which limit the scope of operation and can pose a threat to survival. The main conclusions point to the information deficit and needs analysis that would tailor-make and accommodate the specific requirements of different enterprises.

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Publication Details

Journal
Studia Periegetica
Published
2024-12-30
DOI
https://doi.org/10.58683/sp.2016
Citations
2
Primary Topic
Entrepreneurship Studies and Influences
Type
article
Field-Weighted Citation Impact
1.46
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article

Government Support for Rural Tourism SMMEs: The Case of Greater Letaba Municipality in South Africa

Takalani Ramukumba, Mahlatse Victor Sethwana
2 citations
Studia Periegetica
Entrepreneurship Studies and Influences
1.46
article

Government Support for Rural Tourism SMMEs: The Case of Greater Letaba Municipality in South Africa

Takalani Ramukumba, Mahlatse Victor Sethwana
article en
2 citations

Abstract

Small, medium, and micro enterprises (SMMEs) are major contributors to economicgrowth and development. While SMMEs play a crucial role in driving economic growth in advanced economies, they have a high failure rate in South Africa, especially during the start-up and growth phases. This study investigates the role of government support in the development and growth of SMMEs in South Africa. Its results indicate that despite government support schemes and initiatives, the failure rate of SMMEs remains high. The main challenges faced by the SMME sector include the large number of regulations, which limit the scope of operation and can pose a threat to survival. The main conclusions point to the information deficit and needs analysis that would tailor-make and accommodate the specific requirements of different enterprises.

Studia PeriegeticaVol. 46(2)
Management College of Southern Africa (ZA), Walter Sisulu University (ZA)
Openalex Percentile: Top 14%
Entrepreneurship Studies and Influences
1.46
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