Evaluation of Factors that Hinder Technology and Engineering Entrepreneurs in the Mining Sector

Most South African entrepreneurs face obstacles that hinder them from successfully providing technological and engineering solutions to the mining industry. This research was done to establish what factors encourage the development of technology and engineering small, medium, and micro-enterprises (SMMEs) in the South African mining industry, and to identify obstacles faced by South African entrepreneurs in the mining industry. The research also evaluates programs that are run by the South African government and the private sector to support SMMEs, and to make recommendations about overcoming the obstacles faced by SMMEs in the South African mining industry. The study supported some of the personality characteristics, such as risk-taking, leadership, and motivation that are found to have a major influence on the success of technology and engineering entrepreneurs (TEEs). The obstacles identified as hindering the success of SMMEs created by TEEs are, among others, lack of finance, crime, and cultural differences. Government and the private sector could play a bigger role in supporting TEEs through policies and regulations, and by providing training and development initiatives. This research aims to help prospective entrepreneurs and organizations (for instance, mining houses) that intend to assist small businesses or entrepreneurs who want to succeed in starting technology and engineering businesses. The research could also be useful to public and private sector entities that are involved in SMMEs.