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This research investigates how financial literacy affects the performance of small and medium enterprises.

March 30, 2026Open Access

The Impact Of Financial Literacy On The Success And Performance Of Small And Medium Enterprises: Evidence From New Soweto Market

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Descriptive research revealed financial literacy improves performance of small and medium enterprises, indicating vital role of financial knowledge.

This research investigates how financial literacy affects the performance of small and medium enterprises.
Descriptive research method employed to collect data.
Primary data gathered through questionnaires with a sample size of 98 respondents.
Non probability sampling methods used for respondent selection.
Data analyzed using correlation and linear regression techniques.
Financial literacy significantly impacts the performance of small and medium enterprises.
Positive correlation found between financial knowledge and enterprise success.
Linear regression analysis indicated that financial literacy contributes to improved performance.

Kanchela et al. (2026) studied this question.

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Descriptive research revealed financial literacy improves performance of small and medium enterprises, indicating vital role of financial knowledge.