C.E. Eresia-Eke|C. Raath
SMME Owners’ Financial Literacy and Business Growth
University of Pretoria|University of Pretoria
study sought investigate possible relationship smme owners financial literacy business growth relationships smme owners financial literacy several aspects possible business growth along broad dimensions financial strategic structural growth also explored achieve though study first establish whether smme owners financially literate otherwise whether businesses showed forms growth primary data collected crosssectional manner sample small businesses drawn local chamber commerce gauteng province south africa study empirically demonstrated small businesses showed signs growth growth signs however predominantly along financial strategic growth dimensions rather structural dimension indeed along tangible structural dimension majority smmes seemed stagnated curiously study unable demonstrate statistically significant relationship existed owners financial literacy broad construct business growth even broad construct decomposed different growth indicators drawn financial strategic structural growth dimensions similar statistically insignificant relationships seemed exist owners financial literacy individually superficial interpretation could financial literacy smme owner bears relationship growth business especially finance experts retained consultants employees business doi 105901mjss2013v4n13p397