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Journal of Public Administration (JOPA)

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ISSN : 2
The role of Local Economic Development (LED) : some empirical findings on the Small, Medium and Micro Enterprises (SMMEs)

Author: Sipho K. Mokoena

Affiliation: University of Limpopo

Source: Journal of Public Administration, 2023-04-05 12:57:38

Accreditation: Department of Higher Education and Training(DHET)



Abstract: The role of Local Economic Development (LED) : some empirical findings on the Small, Medium and Micro Enterprises (SMMEs)

This paper examines the role of the Small, Medium and Micro Enterprises (SMMEs) as a driver for Local Economic Development (LED). In view of the fact that South Africa is still experiencing high levels of poverty and unemployment, LED is seen as a contemporary approach in the local government development process. In connection to this, Statistics South Africa has recently indicated that South Africa had an average unemployment rate of 25.31 percent from 2000 to 2016. This figure serves to qualify the fact that the country has slightly decreased its unemployment rate by 1.6 percent from 26.7 to 25.1 percent in the June quarter of 2016. The promotion of the SMMEs remains an important priority for the South African Government. This paper argues that the government is committed to ensuring that small businesses contribute to the growth and development of the South African economy. Existing research confirms that the SMMEs are essential i