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Title: Selected key external factors influencing the success of rural small and medium enterprises in South Africa
Authors: Lekhanya, Lawrence Mpele 
Mason, Roger Bruce 
Keywords: Finance;Infrastructure;Business environment;Small business;Rural;South Africa;SME;KZN
Issue Date: Sep-2014
Publisher: World Scientific Publishing
Source: Lekhanya, L.M. and Mason, R.B. 2014. Selected key external factors influencing the success of rural small and medium enterprises in South Africa. Journal of Enterprising Culture. 22(3): 331–348.
Journal: Journal of Enterprising Culture 
Small businesses are critical to improving economic development in rural areas of South Africa. However, rural entrepreneurs are still faced with challenges and problems which make the success of small businesses, especially in rural areas, uncertain. This paper investigates business environmental, financial and infrastructural factors that influence the success or otherwise of Small and Medium Enterprises (SMEs) in rural areas. Primary data was collected in five rural areas of KwaZulu-Natal (KZN) from a sample of 374 business owners/managers, with respondents completing a questionnaire. Access to finance and skills shortages were the factors that most significantly differentiated between more successful and less successful rural businesses in KZN. The majority of respondents indicated that poor roads/transport and access to electricity were major problems.
ISSN: 0218-4958 (print)
1793-6330 (online)
Appears in Collections:Research Publications (Management Sciences)

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