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South Africa is undergoing a transformation process
and government seeks to reduce unemployment, redress
past inequalities and create better life for all.
Since 1994 elections economic empowerment and growth
issues have been priorities on the government
agenda. The current global economic meltdown where
millions of jobs are lost, SMME sector serves as an
alternative for income generation and wealth
creation. Globally SMMEs play a vital role to absorb
labour, penetrate new markets and expand economies
in creative and innovative ways. S.A government
engages in the stimulation of SMMEs as an integrated
strategy to take economy onto a higher road in which
it is diversified, productivity enhanced, investment
stimulated and entrepreneurship flourishes (White
Paper, 1995). The research results address the socio-
economic impact of SMMEs in Buffalo City, S.A.
Despite the constraints encountered by SMMEs the
findings suggest that SMMEs play a vital role
through employment creation, income generation,
skill development and contribution towards HIV/Aids
awareness campaigns.
and government seeks to reduce unemployment, redress
past inequalities and create better life for all.
Since 1994 elections economic empowerment and growth
issues have been priorities on the government
agenda. The current global economic meltdown where
millions of jobs are lost, SMME sector serves as an
alternative for income generation and wealth
creation. Globally SMMEs play a vital role to absorb
labour, penetrate new markets and expand economies
in creative and innovative ways. S.A government
engages in the stimulation of SMMEs as an integrated
strategy to take economy onto a higher road in which
it is diversified, productivity enhanced, investment
stimulated and entrepreneurship flourishes (White
Paper, 1995). The research results address the socio-
economic impact of SMMEs in Buffalo City, S.A.
Despite the constraints encountered by SMMEs the
findings suggest that SMMEs play a vital role
through employment creation, income generation,
skill development and contribution towards HIV/Aids
awareness campaigns.