Credit accessibility and enabling policies for SMMEs in King Sabata Dalindyebo Local Municipality South Africa

Small, medium and micro enterprises contribute significantly to the economy, approximately 34% to South Africa’s Gross Domestic Product. They also play a vital role in the economy as drivers for reducing unemployment. In a modern transforming globe, small, medium and micro enterprises depend on funding. Categorically, credit in South Africa is limited to small, medium and micro enterprises from banks, this has to do with the credit histories, policies and collateral. The issue of policies that make it convenient for Small, medium and micro enterprises to obtain loans have proven to be difficul... Mehr ...