Electronic Theses and Dissertations (Masters/MBA)

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    Institutional factors and the growth of small and medium manufacturing enterprises in Midrand, South Africa
    (University of the Witwatersrand, Johannesburg, 2023) Analo, Maureen Chibuzor; Msimango-Galawe, Jabulile
    The objective of the study was to examine the influence of the Institutional factors on the growth of SMEs in the manufacturing enterprises in Midrand. South Africa, like any other country, is facing a huge developmental problem relating to the high failure rate and closing down of SMEs. A quantitative research methodology was employed hence a structured questionnaire was adopted as a research instrument through Qualtrics. A total of 100 respondents were sampled using purposive sampling as a form of non-probability sampling was employed as a sampling design. Random sampling as a method of selecting a sample from a population in such a way that every possible sample has an equal probability of being chosen was not used due to the time allocated to the study. Moreover, random sampling is complex and time-consuming and the researcher did not have direct access to all SMEs in Midrand area. The results showed that there is no evidence to support the hypothesis that there is a positive influence in the functions of regulatory institutions on the growth of SMEs in the manufacturing enterprises in Midrand. Therefore, the regulatory institution hypothesis is not supported because the results were silent on how this could be achieved. The results showed that there is an influence of the services provided by Facilitatory Institutions on SME growth, however, there is a need for financial support to enhance the sustainability of SMEs. Some of the implications of the study are that the government must create incentives and facilities that motivate SMEs to export their products to gain foreign currency. Government must invest in SMEs by providing training and development, benchmarking against other successful countries and ensure sharing of skills and knowledge.