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The Effect of Government Support on the Success of Small and Medium Enterprises: A Comparative Study between South Africa and China

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  • Rankhumise E M
  • Masilo K H

Abstract

The purpose of this article is to present evidence of a study conducted in two provinces of South Africa and one in China. The study investigated the effectiveness of the support mechanism for small and medium enterprises (SMEs) and how government support agencies are making strides in providing this support. Semi-structured interviews were conducted with branch managers, a project director and business advisors. It emerged from the findings that efforts are being made to provide valuable support to small businesses. It further emerged that small businesses still face challenges such as lack of access to funding, market to serve, lack of a one-stop office and the unwillingness of service providers to enter into contract with the Small Enterprise Development Agency (more relevant to the South African situation).It is recommended that financial service providers partner with SME support agencies.

Suggested Citation

  • Rankhumise E M & Masilo K H, 2018. "The Effect of Government Support on the Success of Small and Medium Enterprises: A Comparative Study between South Africa and China," Journal of Economics and Behavioral Studies, AMH International, vol. 9(6), pages 166-173.
    • Handle: RePEc:rnd:arjebs:v:9:y:2018:i:6:p:166-173
    DOI: 10.22610/jebs.v9i6(J).2013
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    1. Saphetha Appie Gwija & Chux Gervase Iwu, 2014. "Challenges and Prospects of Youth Entrepreneurship Development in a Designated Community in the Western Cape, South Africa," Journal of Economics and Behavioral Studies, AMH International, vol. 6(1), pages 10-20.
    2. Kersten, Renate & Harms, Job & Liket, Kellie & Maas, Karen, 2017. "Small Firms, large Impact? A systematic review of the SME Finance Literature," World Development, Elsevier, vol. 97(C), pages 330-348.
    3. Asa Romeo Asa & Navneel Shalendra Prasad, 2014. "Analysis on the Factors that Determine Sustainable Growth of Small Firms in Namibia," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 1(1), pages 5-11, December.
    4. Doh, Soogwan & Kim, Byungkyu, 2014. "Government support for SME innovations in the regional industries: The case of government financial support program in South Korea," Research Policy, Elsevier, vol. 43(9), pages 1557-1569.
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