Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)

Abstract

Sustainable Finance and Small, Medium and Micro Entreprises in South Africa

Author(s): Olawale Fatoki

Sustainable finance is of importance to the achievement of the sustainable development goals (SDGs). However, sustainable finance has tended to focus on large firms. Small, medium and micro enterprises (SMMEs) have generally been left behind despite their importance to the achievement of the SDGs. The paper seeks to explore the role of private and public institutions in providing sustainable finance to SMMEs in South Africa. In addition, the paper suggests policy recommendations that can help to improve the use of sustainable finance by SMMEs. The study adopted the desk research methodology that involved the synthesis of extant local and international secondary data sources on sustainable finance and SMMEs. The findings indicated that sustainable finance is an emerging trend in small business finance. Recommendations to improve the use of sustainable finance by SMMEs are suggested.

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