Urbani izziv Leto 25, št. supplement, julij 2014
University of Johannesburg, Faculty of Science, School of Geography, Environmental Management & Energy Studies, South Africa
Christian M. Rogerson
University of Johannesburg, Faculty of Management, School of Tourism & Hospitality, South Africa
Small business incubators: An emerging phenomenon in South Africa’s SMME economy
In South Africa much policy attention is focused on the potential of the small, medium and micro-enterprise (SMME) economy for job creation. Nevertheless, despite government support for the SMME economy, high mortality rates are experienced by start-up enterprises. In common with international experience South Africa has adopted business incubation as a strategic tool for assisting the survival as well as building the competitiveness of SMMEs. This article analyses the state of business incubation in South Africa drawing attention to marked differences between the groups of public sector business incubators as opposed to those business incubators which have been initiated by the private sector.
small business development, SMMEs, South Africa, business incubators