The use of a small enterprise stock market to unlock economic growth in South Africa

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dc.contributor.authorSibiya, Sifiso
dc.date.accessioned2022-01-28T22:05:40Z
dc.date.available2022-01-28T22:05:40Z
dc.date.issued2021
dc.descriptionA research report submitted to the Wits Business School, Faculty of Commerce, Law and Management, University of the Witwatersrand, in partial fulfilment of the requirements for the degree of Masters of Management in Finance and Investments, 2021en_ZA
dc.description.abstractThis study was prompted by concerns about South Africa’s recent economic growth trajectory and the implications that this has on overall living standards. Equally concerning, is the relatively low participation by small enterprises in terms of employment levels, which is a contributing factor the high and rising unemployment rate. In addressing these concerns, this study posits that setting up a stock exchange designed for small enterprises would unlock capital, thus enabling many small enterprises to be growth drivers in the economy. This study has two objectives. The first objective isto explore the features of the proposed small enterprise stock market. This was done by exploring the literature and by presenting a case study of a small enterprise stock market from an emerging markets perspective, called the National Equities Exchange and Quotations (NEEQ) from China. The second objective of this study is to examine whether economic growth can result from a small enterprise stock market. This was done by performing an empirical study of the relationship between small enterprise development and economic growth between 2006 and 2018. The conclusion from this review is that, though weak, there is a causal relationship between small enterprise stock market development and economic growthen_ZA
dc.description.librarianCKen_ZA
dc.facultyFaculty of Commerce, Law and Managementen_ZA
dc.identifier.urihttps://hdl.handle.net/10539/32658
dc.language.isoenen_ZA
dc.rights.holderUniversity of the Witswatersrand, Johannesburg
dc.schoolWits Business Schoolen_ZA
dc.subjectSouth African stock market
dc.subjectSouth African small enterprises
dc.subjectJunior stock exchanges
dc.subjectGranger causality
dc.subjectStock market development and economic growth
dc.subject.otherSDG-8: Decent work and economic growth
dc.titleThe use of a small enterprise stock market to unlock economic growth in South Africaen_ZA
dc.typeDissertationen_ZA
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