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The challenge of late payment of SMMEs with a focus on South Africa

In: Universities, Entrepreneurship and Enterprise Development in Africa - Conference Proceedings 2018

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  • Heindri A. Bailey

Abstract

Small, Medium and Micro Enterprises (SMMEs) are widely recognised as playing a pivotal role in economic development and job creation. This is particularly so in Africa, where SMMEs are responsible for 80% of all formal jobs. While this is recognised by various African continental and national developments plans, the nefarious practice of late payment, by especially governments, not only stunt the growth of SMMEs, but often-time leads to business failure. This article investigates the impact of late payment, with a specific focus on South Africa and touches on international good practice that may be employed to address this phenomenon. Published In: Bode, Freitag (Eds.): Universities, Entrepreneurship and Enterprise Development in Africa - Conference Proceedings 2018. Sankt Augustin, Germany, 13-14 September 2018

Suggested Citation

  • Heindri A. Bailey, 2019. "The challenge of late payment of SMMEs with a focus on South Africa," Proceedings Paper, in: Bode, Jürgen & Freitag, Christine (ed.), Universities, Entrepreneurship and Enterprise Development in Africa - Conference Proceedings 2018, volume 7, pages 19-36, Universities Entrepreneurship and Enterprise Development in Africa International Conference.
    • Handle: RePEc:sau:ueedcc:07:019-036
    DOI: 10.18418/978-3-96043-071-1_19
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    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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