<abstract xmlns="http://www.w3.org/1999/xhtml">

<bold>Research background:</bold> Monetary access and literacy are significant factors of concern confronting the survival and sustainability of small and medium-sized enterprises.
<bold>Purpose:</bold> This led to this paper seeking to understand the impact monetary access and monetary literacy have on the sustainability of SMEs in the COVID-19 era.
<bold>Research methodology:</bold> The method was employed by this study is a quantitative research method, which is supported by a positivism research paradigm. Data was collected using a questionnaire completed by 310 sampled participants. Using the Statistical Package for Social Sciences to analyse data, descriptive, the Pearson correlation and regression analyses were used to estimate the model.
<bold>Results:</bold> The Pearson correlation indicated a positive and significant correlation between monetary access and monetary literacy to the sustainability of small and medium-sized enterprises (r = 0.564). The result indicated that some small and medium-sized enterprises do possess basic monetary skills while some do not. A significant number of small and medium-sized enterprises do not understand basic monetary terms, which justifies the lack of monetary literacy.
<bold>Novelty:</bold> The study recommends that government agencies that assist with business registration should include a monetary training course as part of registration formalities. Further to that, the study recommended that government, banks and other business support institutions should simplify support programmes for the prosperity of small and medium-sized enterprises during and post COVID-19 pandemic.
</abstract>

Research background: Monetary access and literacy are significant factors of concern confronting the survival and sustainability of small and medium-sized enterprises.
Purpose: This led to this paper seeking to understand the impact monetary access and monetary literacy have on the sustainability of SMEs in the COVID-19 era.
Research methodology: The method was employed by this study is a quantitative research method, which is supported by a positivism research paradigm. Data was collected using a questionnaire completed by 310 sampled participants. Using the Statistical Package for Social Sciences to analyse data, descriptive, the Pearson correlation and regression analyses were used to estimate the model.
Results: The Pearson correlation indicated a positive and significant correlation between monetary access and monetary literacy to the sustainability of small and medium-sized enterprises (r = 0.564). The result indicated that some small and medium-sized enterprises do possess basic monetary skills while some do not. A significant number of small and medium-sized enterprises do not understand basic monetary terms, which justifies the lack of monetary literacy.
Novelty: The study recommends that government agencies that assist with business registration should include a monetary training course as part of registration formalities. Further to that, the study recommended that government, banks and other business support institutions should simplify support programmes for the prosperity of small and medium-sized enterprises during and post COVID-19 pandemic.

Sustaining South African Small and Medium-sized Enterprises Through Monetary Access and Literacy in the COVID-19 ERA

Department of Management Accounting, Faculty of Accounting and Informatics

Folia Oeconomica Stetinensia

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

Research background: Monetary access and literacy are significant factors of concern confronting the survival and sustainability of small and medium-sized...

Sustaining South African Small and Medium-sized Enterprises Through Monetary Access and Literacy in the COVID-19 ERA

Published Online: Nov 26, 2021

Page range: 57 - 75

Received: Jun 21, 2021

Accepted: Oct 17, 2021

DOI: https://doi.org/10.2478/foli-2021-0016

Keywords
Monetary Access, monetary Literary, small and medium-sized enterprises, sustainability

© 2021 Thabiso Sthembiso Msomi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

Sustaining South African Small and Medium-sized Enterprises Through Monetary Access and Literacy in the COVID-19 ERA

Published Online: Nov 26, 2021

Page range: 57 - 75

Received: Jun 21, 2021

Accepted: Oct 17, 2021

DOI: https://doi.org/10.2478/foli-2021-0016

KeywordsMonetary Access, monetary Literary, small and medium-sized enterprises, sustainability

© 2021 Thabiso Sthembiso Msomi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

Keywords
Monetary Access, monetary Literary, small and medium-sized enterprises, sustainability