Social Finance Working Paper #34: Private equity and capitalisation of SMMEs in South Africa

Quo vadis?

Estimates numbers of small, medium and micro-enterprises (SMMEs) in South Africa, examines typical capitalisation mechanisms of SMME start-ups and expansions and reviews sources of equity finance in the country. Identifies causes of the equity gap suffered by SMMEs in capitalising their businesses and considers policy interventions to remedy the situation.