The effectiveness of Coega Development Corporation’s financing subsidiary in enabling small and medium enterprise construction projects
- Authors: Heynes, Vincent Ernest
- Date: 2024-04
- Subjects: Coega Development Corporation , Small business -- Management , Construction industry -- Management , Project managers Project management
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/65013 , vital:74006
- Description: Globally, Small and Medium Enterprises (SMEs) are the driving force that keeps the economy of a country going and although the overall economic contribution of SMEs is impressive worldwide, in South Africa (SA), there is a high rate of failure amongst SMEs. Although the survival rate is low, South African SMEs contribute up to 22% to the Gross Domestic Product (GDP) in the economy. SME funding is a critical component of this growth and access to finance is one of the primary challenges that SMEs face in the country, along with a supportive environment to facilitate SME survival and growth. The formation of what was initially Industrial Development Zones (IDZs), now Special Economic Zones (SEZs), was one instrument introduced by the South African government to bolster the economy through upscaling manufacturing capacity, increase exports and create employment. The first SEZ in SA, Coega, managed by the Coega Development Corporation (CDC), a state-owned enterprise (SoE) based in the Nelson Mandela Bay Municipality (NMBM) with operations throughout SA. A major shortcoming in the development of the SMEs operating in the SEZ, was the inability to access the project finance required to commence construction projects once they were awarded a tender. The CDC established an internal finance subsidiary, Small Business Finance and Support (SBFS), in June 2014. The aim of this study, therefore, is to explore the effectiveness of the project financing offered by SBFS in enabling the execution of SME construction clients’ projects. The interpretivist paradigm, following a qualitative research approach was chosen to evaluate the effectiveness of the SBFS operations and determine how their funding enabled the completion of construction SME projects. Input was obtained from 20 participants involved in CDC construction projects, namely three Project Managers, three Programme Managers, two Mentors and 12 Clients via telephonic, face to face and virtual Microsoft Teams using self-developed semi-structured interview schedules. Data was analysed using thematic analysis. The trustworthiness of the study was ensured in terms of credibility through triangulation, dependability through the creation of an audit trail, transferability through generalisation of individuals with similarities, and conformability through verification. , Thesis (MCom) -- Faculty of Business and Economic Sciences, School of Management Sciences, 2024
- Full Text:
- Date Issued: 2024-04
- Authors: Heynes, Vincent Ernest
- Date: 2024-04
- Subjects: Coega Development Corporation , Small business -- Management , Construction industry -- Management , Project managers Project management
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/65013 , vital:74006
- Description: Globally, Small and Medium Enterprises (SMEs) are the driving force that keeps the economy of a country going and although the overall economic contribution of SMEs is impressive worldwide, in South Africa (SA), there is a high rate of failure amongst SMEs. Although the survival rate is low, South African SMEs contribute up to 22% to the Gross Domestic Product (GDP) in the economy. SME funding is a critical component of this growth and access to finance is one of the primary challenges that SMEs face in the country, along with a supportive environment to facilitate SME survival and growth. The formation of what was initially Industrial Development Zones (IDZs), now Special Economic Zones (SEZs), was one instrument introduced by the South African government to bolster the economy through upscaling manufacturing capacity, increase exports and create employment. The first SEZ in SA, Coega, managed by the Coega Development Corporation (CDC), a state-owned enterprise (SoE) based in the Nelson Mandela Bay Municipality (NMBM) with operations throughout SA. A major shortcoming in the development of the SMEs operating in the SEZ, was the inability to access the project finance required to commence construction projects once they were awarded a tender. The CDC established an internal finance subsidiary, Small Business Finance and Support (SBFS), in June 2014. The aim of this study, therefore, is to explore the effectiveness of the project financing offered by SBFS in enabling the execution of SME construction clients’ projects. The interpretivist paradigm, following a qualitative research approach was chosen to evaluate the effectiveness of the SBFS operations and determine how their funding enabled the completion of construction SME projects. Input was obtained from 20 participants involved in CDC construction projects, namely three Project Managers, three Programme Managers, two Mentors and 12 Clients via telephonic, face to face and virtual Microsoft Teams using self-developed semi-structured interview schedules. Data was analysed using thematic analysis. The trustworthiness of the study was ensured in terms of credibility through triangulation, dependability through the creation of an audit trail, transferability through generalisation of individuals with similarities, and conformability through verification. , Thesis (MCom) -- Faculty of Business and Economic Sciences, School of Management Sciences, 2024
- Full Text:
- Date Issued: 2024-04
Contribution of the Coega development corporation to small enterprise growth in Nelson Mandela Bay
- Authors: Nakimbugwe, Norris Linda
- Date: 2019
- Subjects: Coega Development Corporation , Small business -- Growth -- South Africa -- Nelson Mandela Bay Municipality Small business -- South Africa -- Nelson Mandela Bay Municipality -- Management
- Language: English
- Type: Thesis , Masters , MA
- Identifier: http://hdl.handle.net/10948/42913 , vital:36705
- Description: This study seeks to investigate the contribution of the Coega Development Corporation to Small Enterprise growth in Nelson Mandela Bay Municipality. Current discourse regarding IDZs suggests that their establishment is an engine to economic growth through the attraction of both domestic and foreign investments, as well as the promotion of exports through incentive packages for IDZ companies. While, the attraction of larger FDI corporations may be significant to the growth of the local economy, it can also be a barrier to Small Enterprise Growth due to the influx of larger corporations into the market although the synergetic co-existence of both the larger corporations and the local SMEs is crucial to the overall welfare of economy. With these potential challenges in mind research investigated into the contribution of the Coega IDZ project to the growth of local Small Enterprises in Nelson Mandela Bay. The study adopted a quantitative research design and self-administered questionnaires which were used for data collection from information rich respondents. Overall, findings of this study indicate that the Coega Development Corporation has to some extent contributed to small enterprise growth through its infrastructure projects, some of its existing labour regulations and also through the development of human capital skills of individuals within the small enterprises. These findings were in agreement with some of those from the literature review in the study.
- Full Text:
- Date Issued: 2019
- Authors: Nakimbugwe, Norris Linda
- Date: 2019
- Subjects: Coega Development Corporation , Small business -- Growth -- South Africa -- Nelson Mandela Bay Municipality Small business -- South Africa -- Nelson Mandela Bay Municipality -- Management
- Language: English
- Type: Thesis , Masters , MA
- Identifier: http://hdl.handle.net/10948/42913 , vital:36705
- Description: This study seeks to investigate the contribution of the Coega Development Corporation to Small Enterprise growth in Nelson Mandela Bay Municipality. Current discourse regarding IDZs suggests that their establishment is an engine to economic growth through the attraction of both domestic and foreign investments, as well as the promotion of exports through incentive packages for IDZ companies. While, the attraction of larger FDI corporations may be significant to the growth of the local economy, it can also be a barrier to Small Enterprise Growth due to the influx of larger corporations into the market although the synergetic co-existence of both the larger corporations and the local SMEs is crucial to the overall welfare of economy. With these potential challenges in mind research investigated into the contribution of the Coega IDZ project to the growth of local Small Enterprises in Nelson Mandela Bay. The study adopted a quantitative research design and self-administered questionnaires which were used for data collection from information rich respondents. Overall, findings of this study indicate that the Coega Development Corporation has to some extent contributed to small enterprise growth through its infrastructure projects, some of its existing labour regulations and also through the development of human capital skills of individuals within the small enterprises. These findings were in agreement with some of those from the literature review in the study.
- Full Text:
- Date Issued: 2019
The design of a Tesla automotive factory for the Coega Development Corporation
- Authors: Raciti, Riccardo
- Date: 2015
- Subjects: Architecture, Industrial -- South Africa -- Port Elizabeth , Factories -- South Africa -- Nelson Mandela Bay Municipality -- Designs and plans , Automobile factories -- South Africa -- Port Elizabeth -- Designs and plans , Coega Development Corporation
- Language: English
- Type: Thesis , Masters , MA
- Identifier: http://hdl.handle.net/10948/18949 , vital:28759
- Description: This treatise will explore the suitable design of a 21st century fully sustainable automotive manufacturing facility for the company: Tesla Motors. It will investigate how the factory will sit in its cosmic context in conjunction with creating public and industrial spaces, based on the nature of the building and corporation. This proposal seeks to: Have a relevant expression and public interface for a factory of that type belonging in a cosmic landscape. Embark upon a critical investigate on of factories as a typology and related issues and concerns. Establish a stimulating and creative platform through which highly skilled international and local automotive leaders, academia, students and entrepreneurs can be in dialogue. Through the critical engagement of these fields a well-structured methodology will be formulated, as well as a hypothetical architectural response relating to the 21st century factory.
- Full Text:
- Date Issued: 2015
- Authors: Raciti, Riccardo
- Date: 2015
- Subjects: Architecture, Industrial -- South Africa -- Port Elizabeth , Factories -- South Africa -- Nelson Mandela Bay Municipality -- Designs and plans , Automobile factories -- South Africa -- Port Elizabeth -- Designs and plans , Coega Development Corporation
- Language: English
- Type: Thesis , Masters , MA
- Identifier: http://hdl.handle.net/10948/18949 , vital:28759
- Description: This treatise will explore the suitable design of a 21st century fully sustainable automotive manufacturing facility for the company: Tesla Motors. It will investigate how the factory will sit in its cosmic context in conjunction with creating public and industrial spaces, based on the nature of the building and corporation. This proposal seeks to: Have a relevant expression and public interface for a factory of that type belonging in a cosmic landscape. Embark upon a critical investigate on of factories as a typology and related issues and concerns. Establish a stimulating and creative platform through which highly skilled international and local automotive leaders, academia, students and entrepreneurs can be in dialogue. Through the critical engagement of these fields a well-structured methodology will be formulated, as well as a hypothetical architectural response relating to the 21st century factory.
- Full Text:
- Date Issued: 2015
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