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

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dc.contributor.authorFuchs, Michael
dc.contributor.authorIacovone, Leonardo
dc.contributor.authorJaeggi, Thomas
dc.contributor.authorNapier, Mark
dc.contributor.authorPearson, Roland
dc.contributor.authorPellegrini, Giulia
dc.contributor.authorVillegas Sanchez, Carolina
dc.date.accessioned2013-03-12T22:09:28Z
dc.date.available2013-03-12T22:09:28Z
dc.date.issued2011
dc.description.abstractNumerous 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.identifierhttp://documents.worldbank.org/curated/en/2011/01/16465228/financing-small-medium-enterprises-republic-south-africa
dc.identifier.doi10.1596/12687
dc.identifier.urihttps://hdl.handle.net/10986/12687
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO BANK
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO FINANCIAL SERVICES
dc.subjectACCOUNT MANAGEMENT
dc.subjectADVANCED ECONOMY
dc.subjectAPPLICATION PROCEDURES
dc.subjectAPPROVAL PROCESS
dc.subjectASSET CLASS
dc.subjectASSET CLASSES
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANK ACCOUNT
dc.subjectBANK CREDIT
dc.subjectBANK FINANCING
dc.subjectBANK PROFITS
dc.subjectBANK RATES
dc.subjectBANK SERVICES
dc.subjectBANKING INDUSTRY
dc.subjectBANKING MARKET
dc.subjectBANKING SECTOR
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectBUSINESS ACTIVITY
dc.subjectBUSINESS DEVELOPMENT
dc.subjectBUSINESS DEVELOPMENT SERVICES
dc.subjectBUSINESS ENTERPRISES
dc.subjectBUSINESS EXPERIENCE
dc.subjectBUSINESS OWNERS
dc.subjectBUSINESS PLANS
dc.subjectBUSINESS TRAINING
dc.subjectCAPITAL LOANS
dc.subjectCASH FLOW
dc.subjectCHECKING ACCOUNTS
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL REQUIREMENTS
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKING
dc.subjectCOMMERCIAL BANKS
dc.subjectCONSUMER LENDING
dc.subjectCREDIT ACCESS
dc.subjectCREDIT APPLICATION
dc.subjectCREDIT APPLICATIONS
dc.subjectCREDIT BUREAUS
dc.subjectCREDIT CONSTRAINTS
dc.subjectCREDIT DECISIONS
dc.subjectCREDIT FACILITIES
dc.subjectCREDIT GUARANTEE
dc.subjectCREDIT GUARANTEES
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT MANAGEMENT
dc.subjectCREDIT PRODUCTS
dc.subjectCREDIT QUALITY
dc.subjectCREDIT RISK
dc.subjectCREDIT SCHEME
dc.subjectCREDIT SCORING
dc.subjectDEBT
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT CORPORATION
dc.subjectDEVELOPMENT FINANCE
dc.subjectDEVELOPMENT FINANCE INSTITUTIONS
dc.subjectDIRECT CREDIT
dc.subjectDIVERSIFICATION
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EMPOWERMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIES OF SCALE
dc.subjectEMPOWERMENT
dc.subjectENDOWMENTS
dc.subjectENTERPRISE CREDIT
dc.subjectENTERPRISE FINANCE
dc.subjectENTREPRENEURS
dc.subjectEQUITY CAPITAL
dc.subjectEQUITY INVESTMENTS
dc.subjectEXTERNAL FINANCING
dc.subjectFACTORING
dc.subjectFINANCIAL ACCESS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL EDUCATION
dc.subjectFINANCIAL HISTORY
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL LITERACY
dc.subjectFINANCIAL PRODUCT
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL SKILLS
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCING OF INVESTMENT
dc.subjectFIRMS
dc.subjectFIXED ASSETS
dc.subjectFIXED COSTS
dc.subjectFORM OF COLLATERAL
dc.subjectFORMAL FINANCIAL SECTOR
dc.subjectFUNDING SOURCE
dc.subjectGENDER
dc.subjectGOVERNMENT INVOLVEMENT
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT SPENDING
dc.subjectGOVERNMENT SUPPORT
dc.subjectGUARANTEE SCHEME
dc.subjectGUARANTEE SCHEMES
dc.subjectHIGH INTEREST RATES
dc.subjectHOME LOANS
dc.subjectHOUSEHOLDS
dc.subjectINCOME STATEMENTS
dc.subjectINCOME STREAM
dc.subjectINFLATION
dc.subjectINFORMAL ECONOMY
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE PRODUCTS
dc.subjectINTEREST INCOME
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNAL FUNDS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL FINANCE
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT PROJECTS
dc.subjectJUDICIAL PROCESSES
dc.subjectLABOR MARKET
dc.subjectLACK OF ACCESS
dc.subjectLEGAL FRAMEWORK
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLINE OF CREDIT
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOAN APPLICATION
dc.subjectLOAN APPLICATION PROCEDURES
dc.subjectLOAN APPLICATIONS
dc.subjectLOAN APPROVAL
dc.subjectLOAN APPROVAL RATES
dc.subjectLOAN APPROVALS
dc.subjectLOAN GUARANTEE
dc.subjectLOAN MATURITY
dc.subjectLOAN OFFICERS
dc.subjectLOAN REPAYMENT
dc.subjectLOAN SIZE
dc.subjectLOAN VOLUMES
dc.subjectLOW INTEREST RATES
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectMACROECONOMIC RISK
dc.subjectMACROECONOMIC RISKS
dc.subjectMANDATES
dc.subjectMARKET DATA
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET SHARE
dc.subjectMARKET SIZE
dc.subjectMEDIUM ENTERPRISES
dc.subjectMICROENTERPRISES
dc.subjectMORTGAGE
dc.subjectMORTGAGE LENDING
dc.subjectMORTGAGES
dc.subjectNATIONAL CREDIT
dc.subjectNATIONAL TREASURY
dc.subjectNEW COMPANIES
dc.subjectNONBANK FINANCIAL INSTITUTIONS
dc.subjectNONPERFORMING LOANS
dc.subjectNPL
dc.subjectOUTREACH
dc.subjectOUTSTANDING LOANS
dc.subjectOVERDRAFTS
dc.subjectPARTIAL CREDIT
dc.subjectPERC
dc.subjectPERSONAL BANKING
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO
dc.subjectPRIME RATE
dc.subjectPRIVATE SECTOR COMMERCIAL BANKS
dc.subjectPROFITABILITY
dc.subjectPROFITABLE BUSINESS
dc.subjectPROPRIETORSHIP
dc.subjectPROPRIETORSHIPS
dc.subjectPROVISION OF FINANCE
dc.subjectPUBLIC POLICY
dc.subjectREPAYMENT HISTORY
dc.subjectRESERVE
dc.subjectRESERVE BANK
dc.subjectRETAIL BANKING
dc.subjectRETURN
dc.subjectRETURN ON ASSETS
dc.subjectRETURNS
dc.subjectRISK EVALUATION
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT SYSTEMS
dc.subjectSAVINGS
dc.subjectSHARE OF INVESTMENT
dc.subjectSHORT-TERM FINANCE
dc.subjectSMALL BANKS
dc.subjectSMALL BUSINESS
dc.subjectSMALL BUSINESS BANKING
dc.subjectSMALL BUSINESS OWNERS
dc.subjectSMALL BUSINESSES
dc.subjectSMALL ENTERPRISE
dc.subjectSMALL ENTERPRISES
dc.subjectSME
dc.subjectSME FINANCE
dc.subjectSME FINANCING
dc.subjectSTART-UPS
dc.subjectSUBSIDIARY
dc.subjectSUPPLIERS
dc.subjectSUPPLY CHAIN
dc.subjectSUPPLY OF FINANCE
dc.subjectTAX
dc.subjectTRADE FINANCE
dc.subjectTRANSACTION
dc.subjectTURNOVER
dc.subjectUNEMPLOYMENT
dc.subjectUNINCORPORATED BUSINESS
dc.subjectUNINCORPORATED BUSINESSES
dc.subjectUNION
dc.subjectUNIVERSAL BANK
dc.subjectUNIVERSAL BANKS
dc.subjectWORKING CAPITAL
dc.titleFinancing Small and Medium Enterprises in the Republic of South Africaen
dspace.entity.typePublication
okr.date.disclosure2012-07-03
okr.date.doiregistration2025-05-07T12:36:58.089738Z
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2011/01/16465228/financing-small-medium-enterprises-republic-south-africa
okr.globalpracticeFinance and Markets
okr.guid880111468191643909
okr.identifier.externaldocumentum000333037_20120704010612
okr.identifier.internaldocumentum16465228
okr.identifier.report70433
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/07/04/000333037_20120704010612/Rendered/PDF/704330ESW0P11800ZA0SME0Finance0Book.pdfen
okr.region.administrativeAfrica
okr.region.countrySouth Africa
okr.sectorFinance :: Micro- and SME finance
okr.themeMicro, Small and Medium Enterprise support
okr.themeFinancial and private sector development
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.unitAFT:Fin&PrivSecDev East&Southern (AFTFE)
okr.volume1 of 1
relation.isAuthorOfPublication734ee1fb-8c6d-5f35-94cf-b5d89ace0d98
relation.isAuthorOfPublication.latestForDiscovery734ee1fb-8c6d-5f35-94cf-b5d89ace0d98
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