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The effect of regulations and legislation on small, micro and medium enterprises in South Africa

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  • Cecile Nieuwenhuizen

Abstract

The rates of entrepreneurship and new venture creation are of concern in the South African economy. This phenomenon is reflected in the low rates of businesses operating as small, micro and medium enterprises (SMMEs). Due to the importance of SMMEs in the economy, this study identified and investigated employment and wealth creation factors inhibiting the establishment and growth of SMMEs. The regulatory environment and related legislation and compliance were identified as primary inhibitors of business start-up and growth. Excessive red tape with regards to compliance with labour laws, human and industrial relations, tax and tax-related issues, legal requirements, municipal regulations and support for business start-ups are key obstacles experienced by SMMEs. To improve rates of SMME establishment and performance, the government is urged to review its restrictive regulations and implement initiatives to promote a more supportive environment for business. Such changes would contribute to economic growth and improved government performance.

Suggested Citation

  • Cecile Nieuwenhuizen, 2019. "The effect of regulations and legislation on small, micro and medium enterprises in South Africa," Development Southern Africa, Taylor & Francis Journals, vol. 36(5), pages 666-677, September.
    • Handle: RePEc:taf:deveza:v:36:y:2019:i:5:p:666-677
    DOI: 10.1080/0376835X.2019.1581053
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    Cited by:

    1. Ikenna Franklin EZE & Thobekani LOSE, 2023. "Consequences Of Failure And Challenges Of Small Business In South Africa: A Theoretical Review," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(3), pages 18-32, September.
    2. Boysana Lephoi Mbonyane & Charles Mbohwa & Jan Harm Christiaan Pretorius, 2023. "Physical and Technological Capital Efficiency for Profit Growth in Small and Medium Enterprises in Gauteng, South Africa: A Descriptive Qualitative Study," Sustainability, MDPI, vol. 15(8), pages 1-23, April.
    3. Abdullah Promise Opute & Kalu Ibe Kalu & Ogechi Adeola & Chux Gervase Iwu, 2021. "Steering Sustainable Economic Growth: Entrepreneurial Ecosystem Approach," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 7(2), pages 216-245, July.

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