The challenge of late payment of SMMEs with a focus on South Africa
- 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.
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| Document Type: | Conference Object |
|---|---|
| Language: | English |
| Author: | Heindri A. Bailey |
| Parent Title (English): | Bode, Freitag (Eds.): Universities, Entrepreneurship and Enterprise Development in Africa - Conference Proceedings 2018. Sankt Augustin, Germany, 13-14 September 2018 |
| First Page: | 19 |
| Last Page: | 36 |
| ISBN: | 978-3-96043-071-1 |
| URN: | urn:nbn:de:hbz:1044-opus-44169 |
| DOI: | https://doi.org/10.18418/978-3-96043-071-1_19 |
| Publishing Institution: | Hochschule Bonn-Rhein-Sieg |
| Date of first publication: | 2019/03/27 |
| Dewey Decimal Classification (DDC): | 6 Technik, Medizin, angewandte Wissenschaften / 65 Management, Öffentlichkeitsarbeit / 650 Management und unterstützende Tätigkeiten |
| Conference volumes: | Universities, Entrepreneurship and Enterprise Development in Africa / Universities, Entrepreneurship and Enterprise Development in Africa, Sankt Augustin, Germany, 13-14 September 2018 |
| Entry in this database: | 2019/03/27 |
| Licence (Multiple languages): |  In Copyright (Urheberrechtsschutz) |
