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Evaluation of the Khula enterprise in the promotion of SMMEs in South Africa

2008; Inderscience Publishers; Volume: 1; Issue: 4 Linguagem: Inglês

10.1504/jgba.2008.019938

1746-9678

Louise van Scheers, Simon Radipere,

Organizational Management and Leadership

The research indicated that accessing funds for SMMEs is not a problem but the procedures and the requirements to be met for the banks such as 10% contribution is acting negatively towards them. Although much has been written on the causes of failures on SMMEs, however, the most worrying factor from this research is the lack of basic skills in executing business and shortage of funds. The research established that for Khula Enterprise to meet SMMEs requirements, it must have an information management system that is effective in the promotion of the customer center strategy. It must also specialise in the provision of finance to a particular sector as each enterprise needs differ from the other enterprise. The peculiarity of South African history requires a unique solution for the society's unique problem.