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Barriers To Small Informal Business Development And Entrepreneurship: The Case Of The Emfuleni Region

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  • Natanya Meyer

    (North-West University, School of Economic Sciences)

  • Daniel Francois Meyer

    (North-West University, School of Economic Sciences)

  • Karabo Molefe

    (North-West University, School of Economic Sciences)

Abstract

The nature of being an entrepreneur encapsulates the essence of fully embracing opportunities and taking on new challenges and risks. Informal entrepreneurship is often taken for granted and hardly recognised as being a profession. This study aims at identifying the importance of entrepreneurship in the informal sector and the barriers that these entrepreneurs face on a daily basis in South Africa. As part of the methodology, both quantitative and qualitative approaches were used to analyse and interpret the data. Results from the study indicated that most of the informal entrepreneurs are necessity driven rather than opportunity driven and that some of the main barriers they face are crime, service delivery and lack of vacant land and premises. Possible solutions to these barriers include: providing areas for the entrepreneurs from which to operate and to make funding available for expansion and growth of their businesses.

Suggested Citation

  • Natanya Meyer & Daniel Francois Meyer & Karabo Molefe, 2016. "Barriers To Small Informal Business Development And Entrepreneurship: The Case Of The Emfuleni Region," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 13(1), pages 121-133, June.
  • Handle: RePEc:pcz:journl:v:13:y:2016:i:1:p:121-133
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    References listed on IDEAS

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    Cited by:

    1. Muhammad Saad Baloch & Abubakr Saeed & Ishtiaq Ahmed & Judit Oláh & József Popp & Domicián Máté, 2018. "Role of Domestic Financial Reforms and Internationalization of Non-Financial Transnational Firms: Evidence from the Chinese Market," Sustainability, MDPI, vol. 10(11), pages 1-16, October.
    2. Thanyani S Madzivhandila & Mazanai Musara, 2020. "Taking responsibility for entrepreneurship development in South Africa: The role of local municipalities," Local Economy, London South Bank University, vol. 35(3), pages 257-268, May.
    3. Daniel Francois Meyer & Natanya Meyer, 2016. "A Comparative Analysis Of The Perceptions Of Business Chambers In Rural And Urban South Africa On The Developmental Role Of Local Government," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 14(1), pages 152-162, December.
    4. Natanya Meyer, 2017. "South Africa's Youth Unemployment Dilemma: Whose Baby is it anyway?," Journal of Economics and Behavioral Studies, AMH International, vol. 9(1), pages 56-68.

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