What question did this study set out to answer?

The research aims to investigate how financial literacy affects the performance and success 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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The research aims to investigate how financial literacy affects the performance and success of small and medium enterprises.
Descriptive research method was employed.
Primary data was collected through questionnaires.
Sample size consisted of 98 respondents.
Non probability sampling was used for selection.
Analytical techniques included correlation and linear regression.
Financial literacy positively influences the performance of small and medium enterprises.
Correlation between financial literacy and enterprise success was established.
Linear regression analysis indicated significant relationships.

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Implication

Descriptive research shows financial literacy impacts performance in small and medium enterprises, indicating the importance of financial knowledge and behavior in success.

Cite This Study

Kanchela et al. (2026) studied this question.

synapsesocial.com/papers/69c9c5e2f8fdd13afe0be0f5 https://doi.org/10.5281/zenodo.19283017

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Implication

Descriptive research shows financial literacy impacts performance in small and medium enterprises, indicating the importance of financial knowledge and behavior in success.

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

Key Points

Discussion

Implication

Cite This Study

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

Key Points

Discussion

Implication

Cite This Study

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