Full Length Research Paper
Abstract
The capacity of small, micro, and medium enterprises (SMMEs) plays a pivotal role in ensuring the viability and sustainability of the enterprise. Various types of capacities need to be identified and used to guide farming SMMEs’ planning, implementation and support in the after-care phase. The main objective of the study was to identify and evaluate essential capacities that are instrumental in ensuring the financial success of farming SMMEs in South Africa. Both qualitative and quantitative methods were used to determine the performance of farming SMMEs under consideration. The results revealed that market capacity is essential for financial returns of farming SMMEs in South Africa. Farming SMMEs should be linked to sustainable markets and they must actively participate in both supply and value chains in order to be profitable. Thus, farming SMMEs and their support service stakeholders should consider market access as crucial during pre-and post settlement support. It is essential therefore, that both public and private sectors prioritise market access in their supportive programmes.
Key words: Profitability, capacities, planning, sustainable, performance.
Copyright © 2024 Author(s) retain the copyright of this article.
This article is published under the terms of the Creative Commons Attribution License 4.0