TITLE:
Small Scale Contractors in Africa’s Emerging Markets: The Case of South Africa
AUTHORS:
George Hove
KEYWORDS:
Small Scale Emerging Contractor, South Africa, Emerging Market
JOURNAL NAME:
Open Journal of Business and Management,
Vol.4 No.4,
September
7,
2016
ABSTRACT: In South Africa, the development of Small scale emerging contractors (SSECs) has
become vital to bring about economic prosperity and the government has prioritised
the advancement of SSECs as the vehicle towards achieving economic growth, development
and job creation for previously disadvantaged people. This paper reviewed
related construction studies on small scale contractors and highlighted
unique roles and challenges as they relate to emerging construction businesses. The
paper established that the main challenges affecting SSECs included finance, skills
shortage, enabling environment and competition. Based on data analysis, it is imperative
for the South African government to develop a clear and more comprehensive
small business contracting policies that would enhance growth and profitability of
Small scale emerging contractors.