Aspiring young entrepreneurs, particularly those in rural and peri-urban areas, can apply for help through the NYDA’s Ithubalentsha Micro Enterprise Programme.
The NYDA (National Youth Development Agency) has identified a number of key obstacles facing young entrepreneurs, including lack of access to finance to start or expand a business, inadequate mentorship and business opportunities and lack of business management and other appropriate skills.
“Ithubalentsha”, meaning “an opportunity for the youth” in isiZulu, aims to address these barriers using a thoroughly-mapped integrated approach that has the following five key pillars: Technical training, entrepreneurship training, micro-enterprise finance (R1000 to R100 000), business mentorship and business opportunities and market linkages.
Rita Zwane, owner of Imbizo Buy & Braai, author and activist for people with disabilities, Nenio Mbazima, and Zibusiso Mkhwanazi, CEO of South African digital marketing agency KrazyBoyz Digital, have already signed on as ambassadors of the programme.
For further details, potential mentors and young people can visit: www.nyda.gov.za, email: email@example.com or call: 08600 YOUTH (96884).
(Picture: Deputy Minister of Trade and Industry Thandi Tobias-Poloko at the Ithubalentsha Micro Enterprise Programme launch)