n Management Dynamics : Journal of the Southern African Institute for Management Scientists - The impact of inflation on the growth of firms in South Africa

Volume 14, Issue 1
  • ISSN : 1019-567X



The extent to which inflation impedes a firm's growth potential is a topic relevant to any economy experiencing ongoing fluctuating levels of inflation. Between 1983 and 1996, inflation in South Africa fluctuated between a high of 19% in 1986 and a low of 7% ten years later. This study reports on research done on the impact of inflation on the growth of firms in South Africa. Using an enhanced sustainable growth modelling framework and performance data of local firms, various hypotheses are tested to identify the controllable and uncontrollable factors that collectively determine the extent to which firm performance is impaired by inflation.

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