national-youth-development-agency

The Industrial Development Corporation(IDC), National Youth Development Agency (NYDA) and small enterprise finance agency (sefa) have partnered to provide funding and support to youth-owned businesses. Recognising the role that young business people can play in the South African economy, particularly in job creation, the three institutions launched a R2.7-billion partnership in 2013.

The launch in the Western Cape will provide an opportunity for aspiring young entrepreneurs to engage the three partners on how to access funding. IDC chief executive Geoffrey Qhena says the corporation has set aside R1-billion at prime less 3% to fund youth-owned businesses that will create jobs.

“This partnership is a clear and firm commitment from the three entities to support young business entrepreneurs so that they can play a critical role in tackling unemployment challenges in South Africa,” says Qhena.

Since the launch of the partnership, roadshows have been held in the Free State, Eastern Cape, Mpumalanga, North West and Limpopo provinces.
The fund has assisted a number of businesses, providing finance, business support and other services offered by the three partner institutions.
The NYDA will act as a catalyst for developing youth entrepreneurship, making youth active participants in growing the local economy. .
“We will provide pre-investment business support to qualifying clients in the form of grants, mentorship, and access to our voucher programme and market linkages.

Those who qualify will be referred to sefa and IDC for funding,” says NYDA chief executive Khathu Ramukumba.

sefa chief executive Thakhani Makhuvha says the organisation has allocated R1.7 billion towards youth-owned enterprises over the next 5 years.

“Young people have the opportunity to access loan finance with support from our institution for start-up up and expansionary businesses. We encourage youth to own and manage sustainable enterprises particularly in productive sectors of our economy that have potential for growth and job creation,” says Makhuvha.

Source: NYDA

CLOSING DATE: 30 SEPTEMBER 2013

The National Youth Development Agency (NYDA) is responsible for main streaming and integrating youth development in all organs of the state, private sector as well as civil society

It serve as a living memorial to Solomon Mahlangu (1956-1979), a man of high principle and a Freedom Fighter, who was deeply committed to the revolutionary struggle for the people of his country.

The NYDA is calling South African young people who intend to study at registered Universities and Universities of Technology to apply for the Solomon Mahlangu Scholarship Fund for the 2014 academic year. The following criteria will apply:

· Financial neediness – combined salary of less than R15,000 a month

· Reside in rural/Semi-rural areas

· Engage in community service

· Undergraduate/1^st year registration in 2014, meet APS score and achieve an average of 70% in the NSC

The application forms are accessible at:

Solomon Mahlangu Scholarship Fund Application Form

any NYDA branch and the following participating institutions:

PROVINCE	UNIVERSITY	FIELD OF STUDY	CONTACT & ADRESS
Mpumalanga	Tshwane University of Technology	Engineering	Building 53, Pretoria Campus and Building 14,Nelspruit Campus, Financial Aid Office, Tel: +2712 382 4289 / Fax: +2712 382 4153, Email: [email protected]
Limpopo	Tshwane University of Technology	Engineering
Gauteng	UNISA	Tourism	Lloyd Modjadji, Fundraising & Development Officer Unisa Foundation & Alumni Relations, P O Box 392, UNISA, 0003, 2nd Floor, Kgorong Building Tel: (012) 441 5686, Email: [email protected]
Northern Cape	UNISA	Tourism
Western Cape	Cape Peninsula University of Technology	ICT and Tourism	Department of Advancement, Cape Peninsula University of Technology,Cape Town Campus, Tel: 021 460 3387, [email protected]
	Stellenbosch University	Agriculture and Tourism	Mr Khaya Jack, Development Officer, Institutional Advancement, [email protected] ,F +27 21 882 8405, T: +27 21 808-9262
	University of Cape Town	Engineering	Student Financial Aid Office, Level 3, Kramer Law Building, Cross Campus Road, Middle Campus, Rondebosch, Private Bag X3, Rondebosch, 7701
Eastern Cape	Fort Hare University	Law	Grant Skinnette: HOD: Financial & Bursaries [email protected] ; Tel.: 043 704 7007/ Fax: 086 628 2310
	Nelson Mandela Metropolitan University	Logistics and Supply Chain Management	Mrs Sibusisiwe Mtyhobile, Financial Aid Clerk, NMMU Financial Aid Office, Summerstrand North Campus T: +27 (0) 41 504 3096, F:+ 27 (0) 41 504 9115 [email protected] PO BOX 77000, Nelson Mandela Metropolitan University, Financial Aid Office, Port Elizabeth,6031
	Rhodes University	Journalism and Pharmacy	Mr Luyanda Bheyile, Eden Grove Building, Student Funding Office, Lucas Avenue, Grahamstown, 6139 [email protected] Tel: 046 603 8248/Fax: 046 603 8300
North West	North West University	Agriculture	Financial Services Support, Potchefstroom Campus, 4 Hoffman Street, Building F19, Potchefstroom, 2531 Tel: 018 299 2048, Fax: 018 299 2044
KwaZulu Natal	University of KwaZulu Natal	Development Studies	Ms Siphiwe Mathonsi, University of KwaZulu Natal, P/Bag x54001, Durban, 4000, Tel. 0312608687, E mail. [email protected]
Free State	Free State University	Geology	Mrs Sarah Harris, Room 177 George du Toit Building, [email protected], Faxx 051 401 9675

COMPLETED APPLICATIONS MUST BE SUBMITTED DIRECTLY AT THE ABOVE PARTICIPATING INSTITUTIONS

CLOSING DATE: 30 SEPTEMBER 2013

For more information contact Sihle Mlaba at 011 6517000 or NYDA Call Centre on 08600 96884

Joint R2.7-billion youth fund launched to augment youth involvement in South Africa’seconomy

2014 Solomon Mahlangu Scholarship Fund for South Africans.