Analysis of the Social-economic Factors that Facilitate Small, Micro, Medium Farming Enterprises (SMMEs) in South Africa | Chapter 1 | An Overview on Business, Management and Economics Research Vol. 3

 This study examined the potential of farming small, data processing machine, medium enterprise (SMMEs) to influence the resolve of socio-economic problems. Land correct is a form of agrarian correct involving the changing of regulations, regulations, or duties regarding land ownership. Land correct may consist of a administration-initiated or administration-backed property redistribution, mainly of agricultural land. Land correct can, therefore, refer to transfer of takeover from the more powerful to the less powerful, to a degree from a relatively scarcely any of wealthy or noble owners accompanying extensive land assets (e.g., plantations, abundant ranches, or agribusiness plots) to individual ownership by those the one work the land. Such transfers of ownership may accompany socially or without compensation; repayment may change from token amounts to the whole effect of the land. South Africa is one of the underdeveloped countries with high predominance of socio-economic challenges, such as extreme levels of joblessness, want, food iinsecurity and malnutrition, specifically among country and peri-urban weak people. Since 1994, the South African administration has had a goal that the farming subdivision should play an important function in food protection, job creation and money creation. Both subjective and quantitative research methodologies were working in this study, with the departed relying on participatory forums, place the data was taken with the aid of program recordings, as long as the later methodology used tractor trailer-structured inquiry. The quantitative data got and used in this study were assembled from year 2006 to2007. This news was gathered by extension stick from a sample size of 1873 land SMMEs (20% of the registered farming SMMEs in the nine provinces of South Africa). In order to increase the prospect that the SMMEs created in the agricultural subdivision will help to address socioeconomic problems, it should to innovate and investigate systems that can turn micro and limited businesses into medium-sized trades. It appears that the majority of these SMMEs lack the competency to be sustainable.

Author(s) Details:

Victor M. Mmbengwa,
Department of Agricultural Economic and Animal Production, University of Limpopo, South Africa.

Xiaoshun Qin,
Graduate School of Business Leadership (SBL), University of South Africa, South Africa and ACASA (Association of China-Africa Small-Holder Agriculture), South Africa.

Please see the link here: https://stm.bookpi.org/AOBMER-V3/article/view/11998