The sustainability of township tourism SMMEs
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Date
2023-02-13
Journal Title
Journal ISSN
Volume Title
Publisher
International Journal of Research in Business and Social Science
Abstract
Small, Medium, and Micro Enterprises (SMMEs) are the key players in the township tourism sector, which contributes substantially to the growth of the economy in South Africa. Township tourism SMMEs are critical to uplifting the rural and township economies. However, they remain marginalized and continue to struggle to be sustainable. The following paper explains how much township tourism SMMEs use to stay sustainable. The paper aims to identify SMMEs involved in township tourism. The paper also aims to establish factors influencing the sustainability of township tourism SMMEs. In addition, the paper also aims to determine the competitive strategy for the sustainability of township tourism SMMEs. The study adopted a positivist research paradigm through a quantitative approach and a survey research design. As a result of having no reliable available sampling frame, a non-probability sampling strategy was adopted, and relevant data was generated through questionnaires. The data was gathered from 61 owners or managers of township tourism SMMEs, in uMlazi, Durban. This paper’s findings revealed that the most influential factors affecting the sustainability of township tourism SMMEs were a lack of funding, strong business competition, and poor business location. The study's findings revealed that only a few entrepreneurs applied a competitive strategy to their businesses. From the data analyzed, relevant recommendations and conclusions were also drawn
Description
Keywords
Township tourism, Small enterprises, Medium enterprises, Micro enterprises, Township economy, Sustainability, Business sustainability, South African tourism, South Africa
Citation
Lerato Mokoena , S., & Liambo , T. F. (2023). The sustainability of township tourism SMMEs. International Journal of Research in Business and Social Science (2147- 4478), 12(1), 341–349. https://doi.org/10.20525/ijrbs.v12i1.2302