Challenges of financing small and medium enterprises’ growth through public equity in South Africa
- Semenya, Lebogang, Dhliwayo, Shepherd
- Authors: Semenya, Lebogang , Dhliwayo, Shepherd
- Date: 2020
- Subjects: SME growth , Finance , Public equity
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/457834 , uj:40641 , Citation: Semenya, L. & Dhliwayo, S. 2020. Challenges of financing small and medium enterprises’ growth through public equity in South Africa.
- Description: Abstract: The article establishes why small and medium enterprises’ (SMEs) are not listing on the Johannesburg Stock Exchange to raise the much-needed capital to grow. Financing at this stage should transform the firm from small or medium sized to large. Literature from journals, books, theses and dissertations was reviewed and content generated to crystallise the research question and findings. SMEs undergoing rapid growth often lack the capital required to grow into large firms. The Johannesburg Stock Exchange offers capital worth millions of dollars on the Alternative Exchange (AltX) platform, created specifically for SMEs, but the uptake is low. The study found that challenges exist on both the supply and demand sides of public equity finance, and these include high listing costs, lack of marketing and the negative attitude of SMEs towards the bourse. The stock market should package their offering to SMEs at the adolescence growth stage better to entice more of them to list. An understanding of the factors that inhibit listing may contribute to making it easier for more SMEs to access funding and for the bourse to grow. There are limited studies on this form of SME financing and this study contributes to the pool of literature on the subject.
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- Authors: Semenya, Lebogang , Dhliwayo, Shepherd
- Date: 2020
- Subjects: SME growth , Finance , Public equity
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/457834 , uj:40641 , Citation: Semenya, L. & Dhliwayo, S. 2020. Challenges of financing small and medium enterprises’ growth through public equity in South Africa.
- Description: Abstract: The article establishes why small and medium enterprises’ (SMEs) are not listing on the Johannesburg Stock Exchange to raise the much-needed capital to grow. Financing at this stage should transform the firm from small or medium sized to large. Literature from journals, books, theses and dissertations was reviewed and content generated to crystallise the research question and findings. SMEs undergoing rapid growth often lack the capital required to grow into large firms. The Johannesburg Stock Exchange offers capital worth millions of dollars on the Alternative Exchange (AltX) platform, created specifically for SMEs, but the uptake is low. The study found that challenges exist on both the supply and demand sides of public equity finance, and these include high listing costs, lack of marketing and the negative attitude of SMEs towards the bourse. The stock market should package their offering to SMEs at the adolescence growth stage better to entice more of them to list. An understanding of the factors that inhibit listing may contribute to making it easier for more SMEs to access funding and for the bourse to grow. There are limited studies on this form of SME financing and this study contributes to the pool of literature on the subject.
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Customer perceptions of private banking products and services in a South African bank
- Vilakazi, Zwelithini S., Muofhe, Nnditsheni John, Dhliwayo, Shepherd
- Authors: Vilakazi, Zwelithini S. , Muofhe, Nnditsheni John , Dhliwayo, Shepherd
- Date: 2019
- Subjects: Customer perceptions , Service quality , Sustomer value
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/405700 , uj:34078 , Citation: Vilakazi, Z.S., Muofhe, N.J. & Dhliwayo, S. 2019. Customer perceptions of private banking products and services in a South African bank.
- Description: Abstract: The purpose of the study is to determine customers’ perceptions of the quality of private banking products and services offered by X Private Bank (BPB). Private banking clients have attained a certain level of wealth along with definitive, uncompromising perceptions of service quality. The private banking clients under study are retail banking customers at Bank X. The decline in retail banking customers at Bank X has prompted the need to determine these private banking customers’ perceptions of service quality. Customer attrition suggests that customers may hold specific negative perceptions of the service quality of the institution. The quantitative research method was used in this study. Quantitative data was collected that provides valid and reliable statistical analysis to prove or disapprove the set propositions. The adapted SERVQUAL instrument was used to conduct face-to-face interviews to gather insights into customers’ perceptions. The study found that BPB clients hold positive perceptions of the quality of private banking services. The customers provided positive feedback on the number of dimensions of the SERVQUAL instrument, with the exception of responsiveness and empathy.
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- Authors: Vilakazi, Zwelithini S. , Muofhe, Nnditsheni John , Dhliwayo, Shepherd
- Date: 2019
- Subjects: Customer perceptions , Service quality , Sustomer value
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/405700 , uj:34078 , Citation: Vilakazi, Z.S., Muofhe, N.J. & Dhliwayo, S. 2019. Customer perceptions of private banking products and services in a South African bank.
- Description: Abstract: The purpose of the study is to determine customers’ perceptions of the quality of private banking products and services offered by X Private Bank (BPB). Private banking clients have attained a certain level of wealth along with definitive, uncompromising perceptions of service quality. The private banking clients under study are retail banking customers at Bank X. The decline in retail banking customers at Bank X has prompted the need to determine these private banking customers’ perceptions of service quality. Customer attrition suggests that customers may hold specific negative perceptions of the service quality of the institution. The quantitative research method was used in this study. Quantitative data was collected that provides valid and reliable statistical analysis to prove or disapprove the set propositions. The adapted SERVQUAL instrument was used to conduct face-to-face interviews to gather insights into customers’ perceptions. The study found that BPB clients hold positive perceptions of the quality of private banking services. The customers provided positive feedback on the number of dimensions of the SERVQUAL instrument, with the exception of responsiveness and empathy.
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Defining Public Sector Entrepreneurship: A conceptual operational construct
- Authors: Dhliwayo, Shepherd
- Date: 2017
- Subjects: Civil-political , Commercial market participation , Entrepreneur
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/241341 , uj:24844 , Citation: Dhliwayo, S. 2017. Defining Public Sector Entrepreneurship: A conceptual operational construct.
- Description: Abstract: Public sector entrepreneurship (PSE) is a relatively new area of enquiry. Though it is now universally agreed that the public sector can be entrepreneurial just like its private sector counterpart, it is not clear what makes up the PSE construct. The study proposes three dimensions of what makes up PSE. The three are, economic facilitation and regulation, the civil-political service agent and commercial market participation. The dimensions are based on the different roles the state plays in trying to optimally provide public value to its citizens. This study offers a conceptual definition that could more broadly represent PSE. As with any new concept, this conceptual framework still has to be tested for efficacy and be validated through future research.
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- Authors: Dhliwayo, Shepherd
- Date: 2017
- Subjects: Civil-political , Commercial market participation , Entrepreneur
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/241341 , uj:24844 , Citation: Dhliwayo, S. 2017. Defining Public Sector Entrepreneurship: A conceptual operational construct.
- Description: Abstract: Public sector entrepreneurship (PSE) is a relatively new area of enquiry. Though it is now universally agreed that the public sector can be entrepreneurial just like its private sector counterpart, it is not clear what makes up the PSE construct. The study proposes three dimensions of what makes up PSE. The three are, economic facilitation and regulation, the civil-political service agent and commercial market participation. The dimensions are based on the different roles the state plays in trying to optimally provide public value to its citizens. This study offers a conceptual definition that could more broadly represent PSE. As with any new concept, this conceptual framework still has to be tested for efficacy and be validated through future research.
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Export experience and key success factors in crossborder trade : evidence from Southern Africa
- Authors: Dhliwayo, Shepherd
- Date: 2017
- Language: English
- Type: Articles
- Identifier: http://hdl.handle.net/10210/241418 , uj:24854 , Citation: Dhliwayo, S., 2017, ‘Export experience and key success factors in cross-border trade: Evidence from Southern Africa’, Acta Commercii 17(1), a383. https://doi. org/10.4102/ac.v17i1.383 , ISSN: 1684-1999 (Online)
- Description: Abstract: Orientation: Cross-border trade (CBT) is an important economic activity that contributes to the development of many economies of the developing world. Research purpose: The two primary aims of the study were to find out the major factors needed to succeed in cross-border trading and whether the importance of these factors significantly decreased with export experience. Motivation for the study: The economic contribution of cross-border trade (CBT) is often understated. As a result, it does not get the attention it deserves. Research design, approach and method: Data were collected in Gauteng from 146 crossborder traders from 10 Southern African Development Community (SADC) countries. A crosssectional research design was used. Main findings: The major key success factors were found to be skills/knowledge in; markets and supplies; financial management; and border issues. The importance of these factors was found to not significantly change with levels of export experience. Practical/managerial implications: Stakeholders should know that small firms of differing export experience require the same interventions to succeed. Interventions should empower traders to better access markets and supplies, improve their financial management skills and ease border constraints. Contribution/value-add: Few studies on cross border trading have been carried out in the Southern African Development Community region. The key success factors and the constraints in this type of trade had not been adequately explored. The economic contribution of CBT, which usually goes unnoticed, was highlighted. Interventions to appropriately address the challenges faced, such as trading legitimacy and border harassment, were suggested.
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- Authors: Dhliwayo, Shepherd
- Date: 2017
- Language: English
- Type: Articles
- Identifier: http://hdl.handle.net/10210/241418 , uj:24854 , Citation: Dhliwayo, S., 2017, ‘Export experience and key success factors in cross-border trade: Evidence from Southern Africa’, Acta Commercii 17(1), a383. https://doi. org/10.4102/ac.v17i1.383 , ISSN: 1684-1999 (Online)
- Description: Abstract: Orientation: Cross-border trade (CBT) is an important economic activity that contributes to the development of many economies of the developing world. Research purpose: The two primary aims of the study were to find out the major factors needed to succeed in cross-border trading and whether the importance of these factors significantly decreased with export experience. Motivation for the study: The economic contribution of cross-border trade (CBT) is often understated. As a result, it does not get the attention it deserves. Research design, approach and method: Data were collected in Gauteng from 146 crossborder traders from 10 Southern African Development Community (SADC) countries. A crosssectional research design was used. Main findings: The major key success factors were found to be skills/knowledge in; markets and supplies; financial management; and border issues. The importance of these factors was found to not significantly change with levels of export experience. Practical/managerial implications: Stakeholders should know that small firms of differing export experience require the same interventions to succeed. Interventions should empower traders to better access markets and supplies, improve their financial management skills and ease border constraints. Contribution/value-add: Few studies on cross border trading have been carried out in the Southern African Development Community region. The key success factors and the constraints in this type of trade had not been adequately explored. The economic contribution of CBT, which usually goes unnoticed, was highlighted. Interventions to appropriately address the challenges faced, such as trading legitimacy and border harassment, were suggested.
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Is the Entrepreneurial Intention (EI) of University Students dependant on gender?
- Authors: Dhliwayo, Shepherd
- Date: 2018
- Subjects: Gender , Entrepreneurial intention , Performance
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/276920 , uj:29653 , Citation: Dhliwayo, S. 2018. Is the Entrepreneurial Intention (EI) of University Students dependant on gender?
- Description: Abstract: The purpose of the study was to find out if the entrepreneurial intention (EI) of university students was based on gender. A number of previous studies have presented conflicting results on the relationship. Methodology: A questionnaire was used to collect data from 314 students at a South African university. The sample was purposively selected for convenience and it comprised of second year under graduate students studying an entrepreneurship module. Entrepreneurial intention (EI) was measured using a 14 item scale designed from literature. Participants were asked to rank on a 5 point Licket scale how they related to the stated elements, covering the different dimensions...
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- Authors: Dhliwayo, Shepherd
- Date: 2018
- Subjects: Gender , Entrepreneurial intention , Performance
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/276920 , uj:29653 , Citation: Dhliwayo, S. 2018. Is the Entrepreneurial Intention (EI) of University Students dependant on gender?
- Description: Abstract: The purpose of the study was to find out if the entrepreneurial intention (EI) of university students was based on gender. A number of previous studies have presented conflicting results on the relationship. Methodology: A questionnaire was used to collect data from 314 students at a South African university. The sample was purposively selected for convenience and it comprised of second year under graduate students studying an entrepreneurship module. Entrepreneurial intention (EI) was measured using a 14 item scale designed from literature. Participants were asked to rank on a 5 point Licket scale how they related to the stated elements, covering the different dimensions...
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Private sector development for poverty allevation in Africa : a review on selected countries
- Mbuya, Jean-Marie, Dhliwayo, Shepherd
- Authors: Mbuya, Jean-Marie , Dhliwayo, Shepherd
- Date: 2017
- Subjects: Entrepreneurship , Poverty alleviation , Small business ventures
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/241735 , uj:24918 , Citation: Mbuya, J.M. & Dhliwayo, S. 2017. Private sector development for poverty allevation in Africa : a review on selected countries.
- Description: Abstract: In September 2015, African Governments, along with other, international governments, agreed on the necessity of working towards a number of initiatives called the “sustainable development goals” that aim to alleviate poverty in its various forms in the coming years. They agreed to end poverty, protect the planet and ensure prosperity for all as part of a new sustainable development agenda. It was further agreed that each goal would be achieved over the next 15 years. The primary goal of this initiative is to end poverty. According to the United Nations study, 836 million people still live in extreme poverty and at least one of five persons in developing countries lives on less than 1.25 US dollars per day. Further, the United Nations reported that high rates of poverty are found mainly in small, fragile and conflict-affected countries.
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- Authors: Mbuya, Jean-Marie , Dhliwayo, Shepherd
- Date: 2017
- Subjects: Entrepreneurship , Poverty alleviation , Small business ventures
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/241735 , uj:24918 , Citation: Mbuya, J.M. & Dhliwayo, S. 2017. Private sector development for poverty allevation in Africa : a review on selected countries.
- Description: Abstract: In September 2015, African Governments, along with other, international governments, agreed on the necessity of working towards a number of initiatives called the “sustainable development goals” that aim to alleviate poverty in its various forms in the coming years. They agreed to end poverty, protect the planet and ensure prosperity for all as part of a new sustainable development agenda. It was further agreed that each goal would be achieved over the next 15 years. The primary goal of this initiative is to end poverty. According to the United Nations study, 836 million people still live in extreme poverty and at least one of five persons in developing countries lives on less than 1.25 US dollars per day. Further, the United Nations reported that high rates of poverty are found mainly in small, fragile and conflict-affected countries.
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Sustaining competitive advantage through the resource based view in a commercial real estate broking company
- Motaung, Ndibu Rachel, Dhliwayo, Shepherd
- Authors: Motaung, Ndibu Rachel , Dhliwayo, Shepherd
- Date: 2018
- Subjects: Competitive advantage , Resource based view , Resources
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/276901 , uj:29650 , Citation: Motaung, N.R. & Dhliwayo, S. 2018. Sustaining competitive advantage through the resource based view in a commercial real estate broking company.
- Description: Abstract: The commercial real estate broking industry is considered one of the most competitive industries globally, with research showing that entry is rather easy. The research examined the extent of competition in the South African commercial real estate broking industry to establish how one of the leading companies in this industry sustains competitive advantage. Qualitative data was collected from top management of the company. The study revealed that gaining and sustaining competitive advantage is based on building the resources that are valuable, rare and not easily imitable as reflected in the model by Knott (2009:166). The main recommendations of this study is that the company adopts the same model and in addition adopt a culture driven by customer centrism.
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- Authors: Motaung, Ndibu Rachel , Dhliwayo, Shepherd
- Date: 2018
- Subjects: Competitive advantage , Resource based view , Resources
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/276901 , uj:29650 , Citation: Motaung, N.R. & Dhliwayo, S. 2018. Sustaining competitive advantage through the resource based view in a commercial real estate broking company.
- Description: Abstract: The commercial real estate broking industry is considered one of the most competitive industries globally, with research showing that entry is rather easy. The research examined the extent of competition in the South African commercial real estate broking industry to establish how one of the leading companies in this industry sustains competitive advantage. Qualitative data was collected from top management of the company. The study revealed that gaining and sustaining competitive advantage is based on building the resources that are valuable, rare and not easily imitable as reflected in the model by Knott (2009:166). The main recommendations of this study is that the company adopts the same model and in addition adopt a culture driven by customer centrism.
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The Relationship between period operating and growth aspects in Small Businesses
- Authors: Dhliwayo, Shepherd
- Date: 2021
- Subjects: Period Operating , Small Businesses , Growth , Survival , Growth Aspects
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/485343 , uj:44112 , ISSN: 1939-4675 , Citation: Dhliwayo, S. 2021. The Relationship between Period Operating and Growth Aspects in Small Businesses. International Journal of Entrepreneurship, 25 (3): 1-20
- Description: Abstract: Please refer to full text to view abstract.
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- Authors: Dhliwayo, Shepherd
- Date: 2021
- Subjects: Period Operating , Small Businesses , Growth , Survival , Growth Aspects
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/485343 , uj:44112 , ISSN: 1939-4675 , Citation: Dhliwayo, S. 2021. The Relationship between Period Operating and Growth Aspects in Small Businesses. International Journal of Entrepreneurship, 25 (3): 1-20
- Description: Abstract: Please refer to full text to view abstract.
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Using the business plan as a start- up experiential teaching tool
- Authors: Dhliwayo, Shepherd
- Date: 2021
- Subjects: Business planning , Experiential learning , Application
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/488299 , uj:44480 , Citation: Dhliwayo, S.2021. Using the business plan as a start- up experiential teaching tool
- Description: Abstract: Debate around the usefulness of business planning is ongoing. Some authors view business planning as a waste of time, while others believe it is a necessary, worthwhile exercise. Though this article delves briefly into the debate, its main aim is to show how the business planning process is used as a tool in teaching fifth-year medical students to establish their practices upon graduation. This article explores how the business planning process is implemented using both classroom and field activities. Actual activities carried out are outlined to demonstrate how the module content is applied in the learning process. The study shows that business planning is a useful experiential teaching tool. The limitations of the study is that views of the programme’s graduates on the usefulness of the business planning approach was not probed and this should be done in future studies.
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- Authors: Dhliwayo, Shepherd
- Date: 2021
- Subjects: Business planning , Experiential learning , Application
- Language: English
- Type: Article
- Identifier: http://hdl.handle.net/10210/488299 , uj:44480 , Citation: Dhliwayo, S.2021. Using the business plan as a start- up experiential teaching tool
- Description: Abstract: Debate around the usefulness of business planning is ongoing. Some authors view business planning as a waste of time, while others believe it is a necessary, worthwhile exercise. Though this article delves briefly into the debate, its main aim is to show how the business planning process is used as a tool in teaching fifth-year medical students to establish their practices upon graduation. This article explores how the business planning process is implemented using both classroom and field activities. Actual activities carried out are outlined to demonstrate how the module content is applied in the learning process. The study shows that business planning is a useful experiential teaching tool. The limitations of the study is that views of the programme’s graduates on the usefulness of the business planning approach was not probed and this should be done in future studies.
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