Proceedings of The 10th International Conference on Modern Research in Management, Economics and Accounting
Small, Medium & Micro-Enterprise Development in Special Economic Zones: South African Case Study
The spillover potential of Special Economic Zones (SEZ) provides little insight on how they can be used as a local economic development tool. To overcome this gap, this case-study of the Coega Industrial Development Zone in South Africa focuses on its impact on Small, Medium and Micro Enterprises (SMMEs) because SMME development can contribute to achieving various socio-economic impacts. The qualitative research confirms that through simultaneous provision of access to opportunities, finance and technical and managerial knowledge, SEZs can act as a policy development tool to SMMEs, allowing them to overcome important constraints. This case study provides policy implications on how to harness the role of SEZs as a tool for SMME development.
Keywords: Small medium and micro enterprises, Special Economic Zones, Industrial Zones, SMME development.