Abstract
The Agricultural sector in South Africa is amongst the main contributors to job-creation South Africa. Since the post-apartheid era, South Africa has seen a severe transformation in this sector, of which previously disadvantaged farmers (especially women) are now on the forefront in terms of new developments, and SME business expansion. However, the efforts of the government to sustain SMEs are yet to alleviate the challenges agricultural SMEs are facing. This article looks at the determinants of business successes for female owned SMEs. The trustworthiness and internal consistency examination of the instrument was done, with test re-test reliability method and Cronbach Alpha index. They both generated an R-value of 0.70 and 0.875 respectively. Multiple Regression technique was used in estimating the coefficients' of impact on success. Findings showed that certain characteristics of the entrepreneur, including Entrepreneurship Skill, Financial Resources, Capital Start-up Amount and Customer and Market Access have a significant impact on Female Entrepreneurship Success. We recommend a major overhaul of government interventions designed to enhance the skills of female entrepreneurs as well as broadening their customer and market access base. This has become imperative for addressing the challenges of business success for female entrepreneurs.Keywords: Business, Entrepreneurship, Female, SMEJEL Classifications: D6, M1, M2DOI: https://doi.org/10.32479/ijefi.11274
Highlights
Statistics indicate that South Africa, in 2018 was ranked sixtyone out of one hundred and thirty-eight countries on the Global Competitive Index (GCI); down twenty eighty places since 2010
The results suggest that female entrepreneurs have found a ways of constructing a well-formulised outline of their business ideas, interests, and industry to attract funding
The article shows the vital role of entrepreneurship as an important career and employment path for women
Summary
Statistics indicate that South Africa, in 2018 was ranked sixtyone out of one hundred and thirty-eight countries on the Global Competitive Index (GCI); down twenty eighty places since 2010. Meyer (2018) states that female entrepreneurs in South Africa continue to face a variety of challenges that are unique to them; the tide has slowly begun to turn. Some of these common barriers include gender and culturally based discrimination, lack of capital and assets, fewer business-orientated networks, lower status in society, a higher level of domestic responsibility, and a lack of self-belief to confidently enter a male-dominated sector (Meyer, 2018). How well does the contextual factors forecast the outcome variable and the nature of correlation amongst the variables?
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