2026-09-28T06:57:40Zhttps://uzspace.unizulu.ac.za/server/oai/request

oai:uzspace.unizulu.ac.za:10530/12272013-09-10T02:00:09Zcom_10530_17col_10530_467

Information asymmetry and obstacles on SMMEs growth in the rural Areas of uThungulu district municipality of KwaZulu-Natal Nkonde, Sipho David Contogiannis, E. Vezi, M.F. Kaaseram, I. Information asymmetry is regarded as factors that affect SMMEs and issues hindering SMMEs growth which include management skills, market access and lack of training. This is supported by Rogerson (2008) that several challenges facing SMMEs development in South Africa have been unapproachable. Number of factors have been identified which relate to markets access and marketing, business management skills, training, finance and inadequate institutional support. The SMME sector is regarded as a potential employment creator and contributes significantly to the economic growth of South Africa. SMMEs have the major share of the development and almost half of the total employment in the economy. While argument still exists about the comparative contribution of SMMEs to the economy, this sector contributes a massive share of employment which contributes significantly in the economy. However, SMMEs are facing challenges that prevent them from growing, and causing a large percentage of SMMEs to shut down in their first two years of operation. This study aims to discover the information asymmetry and obstacles on SMMEs growth in uThungulu district municipality. An investigation was conducted among owners in all local SMMEs in the district to identify obstacles perceived as central to SMMEs growth. Structured questionnaires were used to collect data. The research findings indicate that lack of training and management skills are one of the challenges faced by SMMEs since the majority of entrepreneurs have only matric qualifications. The use of technology was also identified as an obstacle on SMMEs growth. University of Zululand 2012 Thesis en http://hdl.handle.net/10530/1227 https://devspace.unizulu.ac.za/bitstreams/87e16cdd-1deb-4039-a2ae-959e7f98e46d/download c2c44ea27154e901612254aac5dafc40 https://devspace.unizulu.ac.za/bitstreams/a184f621-b682-4c63-bfe2-355f353b10b9/download 8a4605be74aa9ea9d79846c1fba20a33 https://devspace.unizulu.ac.za/bitstreams/a46210b2-cfd0-4095-8445-42d9ed46a58f/download b6083e4f2fb1b33e7f09d7a2d9624939 Information Asymmetry SMME