Publication:
Financing Small and Medium Enterprises in the Republic of South Africa

dc.contributor.author Fuchs, Michael
dc.contributor.author Iacovone, Leonardo
dc.contributor.author Jaeggi, Thomas
dc.contributor.author Napier, Mark
dc.contributor.author Pearson, Roland
dc.contributor.author Pellegrini, Giulia
dc.contributor.author Villegas Sanchez, Carolina
dc.date.accessioned 2013-03-12T22:09:28Z
dc.date.available 2013-03-12T22:09:28Z
dc.date.issued 2011
dc.description.abstract Numerous studies worldwide have highlighted the important contribution made by small and medium-sized enterprises (SMEs) to employment, income and economic growth. In a study of 76 developed and developing economies, Ayyagari and others (2007) found that SMEs account for more than 60 percent of total manufacturing employment and that SMEs contributed significant proportions of Gross Domestic Product (GDP). SME growth requires external financing, but constraints to accessing credit, consistently rated as some of the greatest barriers to the operation and growth of firms, affect SMEs more severely than large firms (Beck and Demirguc-Kunt 2006; Beck and others 2006). The purposes of this report are to: a) analyze the availability of bank finance to SMEs in South Africa and how availability might be enhanced in the context of the economic downturn; and b) offer concrete policy recommendations on how to lessen obstacles to bank SME financing and reduce the negative effects of the economic downturn (or of a similar downturn in future) on access to finance. The report is structured in 5 sections: section two provides a short overview of existing studies and data on SME finance in South Africa. Section three presents the main results of the surveys. Section four provides policy considerations. Section five concludes. en
dc.identifier http://documents.worldbank.org/curated/en/2011/01/16465228/financing-small-medium-enterprises-republic-south-africa
dc.identifier.uri http://hdl.handle.net/10986/12687
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ACCESS TO BANK
dc.subject ACCESS TO CREDIT
dc.subject ACCESS TO FINANCE
dc.subject ACCESS TO FINANCIAL SERVICES
dc.subject ACCOUNT MANAGEMENT
dc.subject ADVANCED ECONOMY
dc.subject APPLICATION PROCEDURES
dc.subject APPROVAL PROCESS
dc.subject ASSET CLASS
dc.subject ASSET CLASSES
dc.subject BALANCE SHEET
dc.subject BALANCE SHEETS
dc.subject BANK ACCOUNT
dc.subject BANK CREDIT
dc.subject BANK FINANCING
dc.subject BANK PROFITS
dc.subject BANK RATES
dc.subject BANK SERVICES
dc.subject BANKING INDUSTRY
dc.subject BANKING MARKET
dc.subject BANKING SECTOR
dc.subject BORROWER
dc.subject BORROWING
dc.subject BUSINESS ACTIVITY
dc.subject BUSINESS DEVELOPMENT
dc.subject BUSINESS DEVELOPMENT SERVICES
dc.subject BUSINESS ENTERPRISES
dc.subject BUSINESS EXPERIENCE
dc.subject BUSINESS OWNERS
dc.subject BUSINESS PLANS
dc.subject BUSINESS TRAINING
dc.subject CAPITAL LOANS
dc.subject CASH FLOW
dc.subject CHECKING ACCOUNTS
dc.subject COLLATERAL
dc.subject COLLATERAL REQUIREMENTS
dc.subject COMMERCIAL BANK
dc.subject COMMERCIAL BANKING
dc.subject COMMERCIAL BANKS
dc.subject CONSUMER LENDING
dc.subject CREDIT ACCESS
dc.subject CREDIT APPLICATION
dc.subject CREDIT APPLICATIONS
dc.subject CREDIT BUREAUS
dc.subject CREDIT CONSTRAINTS
dc.subject CREDIT DECISIONS
dc.subject CREDIT FACILITIES
dc.subject CREDIT GUARANTEE
dc.subject CREDIT GUARANTEES
dc.subject CREDIT INFORMATION
dc.subject CREDIT MANAGEMENT
dc.subject CREDIT PRODUCTS
dc.subject CREDIT QUALITY
dc.subject CREDIT RISK
dc.subject CREDIT SCHEME
dc.subject CREDIT SCORING
dc.subject DEBT
dc.subject DEPOSIT
dc.subject DEPOSITS
dc.subject DEVELOPING COUNTRIES
dc.subject DEVELOPMENT CORPORATION
dc.subject DEVELOPMENT FINANCE
dc.subject DEVELOPMENT FINANCE INSTITUTIONS
dc.subject DIRECT CREDIT
dc.subject DIVERSIFICATION
dc.subject ECONOMIC CRISIS
dc.subject ECONOMIC DEVELOPMENT
dc.subject ECONOMIC EMPOWERMENT
dc.subject ECONOMIC GROWTH
dc.subject ECONOMIES OF SCALE
dc.subject EMPOWERMENT
dc.subject ENDOWMENTS
dc.subject ENTERPRISE CREDIT
dc.subject ENTERPRISE FINANCE
dc.subject ENTREPRENEURS
dc.subject EQUITY CAPITAL
dc.subject EQUITY INVESTMENTS
dc.subject EXTERNAL FINANCING
dc.subject FACTORING
dc.subject FINANCIAL ACCESS
dc.subject FINANCIAL CRISIS
dc.subject FINANCIAL EDUCATION
dc.subject FINANCIAL HISTORY
dc.subject FINANCIAL INSTITUTION
dc.subject FINANCIAL INSTITUTIONS
dc.subject FINANCIAL INSTRUMENTS
dc.subject FINANCIAL LITERACY
dc.subject FINANCIAL PRODUCT
dc.subject FINANCIAL PRODUCTS
dc.subject FINANCIAL SERVICE
dc.subject FINANCIAL SKILLS
dc.subject FINANCIAL STABILITY
dc.subject FINANCIAL STATEMENTS
dc.subject FINANCING OF INVESTMENT
dc.subject FIRMS
dc.subject FIXED ASSETS
dc.subject FIXED COSTS
dc.subject FORM OF COLLATERAL
dc.subject FORMAL FINANCIAL SECTOR
dc.subject FUNDING SOURCE
dc.subject GENDER
dc.subject GOVERNMENT INVOLVEMENT
dc.subject GOVERNMENT POLICIES
dc.subject GOVERNMENT POLICY
dc.subject GOVERNMENT SPENDING
dc.subject GOVERNMENT SUPPORT
dc.subject GUARANTEE SCHEME
dc.subject GUARANTEE SCHEMES
dc.subject HIGH INTEREST RATES
dc.subject HOME LOANS
dc.subject HOUSEHOLDS
dc.subject INCOME STATEMENTS
dc.subject INCOME STREAM
dc.subject INFLATION
dc.subject INFORMAL ECONOMY
dc.subject INSTRUMENT
dc.subject INSURANCE
dc.subject INSURANCE PRODUCTS
dc.subject INTEREST INCOME
dc.subject INTEREST RATE
dc.subject INTEREST RATES
dc.subject INTERNAL FUNDS
dc.subject INTERNATIONAL BANK
dc.subject INTERNATIONAL FINANCE
dc.subject INVESTMENT CLIMATE
dc.subject INVESTMENT PROJECTS
dc.subject JUDICIAL PROCESSES
dc.subject LABOR MARKET
dc.subject LACK OF ACCESS
dc.subject LEGAL FRAMEWORK
dc.subject LENDER
dc.subject LENDERS
dc.subject LINE OF CREDIT
dc.subject LIQUIDITY
dc.subject LOAN
dc.subject LOAN APPLICATION
dc.subject LOAN APPLICATION PROCEDURES
dc.subject LOAN APPLICATIONS
dc.subject LOAN APPROVAL
dc.subject LOAN APPROVAL RATES
dc.subject LOAN APPROVALS
dc.subject LOAN GUARANTEE
dc.subject LOAN MATURITY
dc.subject LOAN OFFICERS
dc.subject LOAN REPAYMENT
dc.subject LOAN SIZE
dc.subject LOAN VOLUMES
dc.subject LOW INTEREST RATES
dc.subject MACROECONOMIC CONDITIONS
dc.subject MACROECONOMIC INSTABILITY
dc.subject MACROECONOMIC RISK
dc.subject MACROECONOMIC RISKS
dc.subject MANDATES
dc.subject MARKET DATA
dc.subject MARKET PARTICIPANTS
dc.subject MARKET SHARE
dc.subject MARKET SIZE
dc.subject MEDIUM ENTERPRISES
dc.subject MICROENTERPRISES
dc.subject MORTGAGE
dc.subject MORTGAGE LENDING
dc.subject MORTGAGES
dc.subject NATIONAL CREDIT
dc.subject NATIONAL TREASURY
dc.subject NEW COMPANIES
dc.subject NONBANK FINANCIAL INSTITUTIONS
dc.subject NONPERFORMING LOANS
dc.subject NPL
dc.subject OUTREACH
dc.subject OUTSTANDING LOANS
dc.subject OVERDRAFTS
dc.subject PARTIAL CREDIT
dc.subject PERC
dc.subject PERSONAL BANKING
dc.subject POLITICAL ECONOMY
dc.subject PORTFOLIO
dc.subject PRIME RATE
dc.subject PRIVATE SECTOR COMMERCIAL BANKS
dc.subject PROFITABILITY
dc.subject PROFITABLE BUSINESS
dc.subject PROPRIETORSHIP
dc.subject PROPRIETORSHIPS
dc.subject PROVISION OF FINANCE
dc.subject PUBLIC POLICY
dc.subject REPAYMENT HISTORY
dc.subject RESERVE
dc.subject RESERVE BANK
dc.subject RETAIL BANKING
dc.subject RETURN
dc.subject RETURN ON ASSETS
dc.subject RETURNS
dc.subject RISK EVALUATION
dc.subject RISK MANAGEMENT
dc.subject RISK MANAGEMENT SYSTEMS
dc.subject SAVINGS
dc.subject SHARE OF INVESTMENT
dc.subject SHORT-TERM FINANCE
dc.subject SMALL BANKS
dc.subject SMALL BUSINESS
dc.subject SMALL BUSINESS BANKING
dc.subject SMALL BUSINESS OWNERS
dc.subject SMALL BUSINESSES
dc.subject SMALL ENTERPRISE
dc.subject SMALL ENTERPRISES
dc.subject SME
dc.subject SME FINANCE
dc.subject SME FINANCING
dc.subject START-UPS
dc.subject SUBSIDIARY
dc.subject SUPPLIERS
dc.subject SUPPLY CHAIN
dc.subject SUPPLY OF FINANCE
dc.subject TAX
dc.subject TRADE FINANCE
dc.subject TRANSACTION
dc.subject TURNOVER
dc.subject UNEMPLOYMENT
dc.subject UNINCORPORATED BUSINESS
dc.subject UNINCORPORATED BUSINESSES
dc.subject UNION
dc.subject UNIVERSAL BANK
dc.subject UNIVERSAL BANKS
dc.subject WORKING CAPITAL
dc.title Financing Small and Medium Enterprises in the Republic of South Africa en
dspace.entity.type Publication
okr.date.disclosure 2012-07-03
okr.doctype Economic & Sector Work :: Other Financial Sector Study
okr.doctype Economic & Sector Work
okr.docurl http://documents.worldbank.org/curated/en/2011/01/16465228/financing-small-medium-enterprises-republic-south-africa
okr.globalpractice Finance and Markets
okr.identifier.externaldocumentum 000333037_20120704010612
okr.identifier.internaldocumentum 16465228
okr.identifier.report 70433
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/07/04/000333037_20120704010612/Rendered/PDF/704330ESW0P11800ZA0SME0Finance0Book.pdf en
okr.region.administrative Africa
okr.region.country South Africa
okr.sector Finance :: Micro- and SME finance
okr.theme Micro, Small and Medium Enterprise support
okr.theme Financial and private sector development
okr.topic Finance and Financial Sector Development :: Financial Intermediation
okr.topic Finance and Financial Sector Development :: Microfinance
okr.topic Banks and Banking Reform
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Finance and Financial Sector Development :: Access to Finance
okr.unit AFT:Fin&PrivSecDev East&Southern (AFTFE)
okr.volume 1 of 1
relation.isAuthorOfPublication 734ee1fb-8c6d-5f35-94cf-b5d89ace0d98
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