The Level of Knowledge in Financial and Non-Financial Support for SMMEs in South Africa

Abstract

Over the past few years, Small, Medium, and Micro Enterprises (SMMEs) performance has been a global subject. This performance focuses on SMME support that must be used. This study examines African-owned SMMEs knowledge of organisations that support them financially and non-financially. For this study, quantitative research was used. The City of Tshwane Metropolitan Municipality was chosen because African-owned SMMEs fail at high rates. Self-administered questionnaires were utilised to collect data. Developed and tested two hypotheses. The results showed SMMEs are unaware of financial and non-financial help. This discovery helps financial and non-financial organisations to consider African-owned SMMEs when designing policies, adding to SMME sector theory. The Government, financial, and non-financial organisations must adopt methods to inform African-owned SMMEs of available help so they can sustain their enterprises.