Vutivi
  • Business
    Power producers participating in South Africa’s proposed wholesale electricity market could face financial penalties. Photo. Lucas Ledwaba\Mukurukuru Media

    Power producers face penalties under proposed SA market rules

    Ma Flo Farm owner Karabo Ngobeni says the R150 000 prize will help the Emalahleni-based agricultural business invest in irrigation, fencing and shade-net infrastructure to expand production.

    Green economy opens new market opportunities for Mpumalanga SMMEs

    A stronger rand gives businesses more dollar buying power.
Photo: Reuters

    Rand rally gives businesses more buying power

    Nkomazi traders and SMMEs received assistance with government procurement processes, including CSD registration, during the Premier’s Imbizo.

    Nkomazi SMMEs seek clearer path to government procurement

    South Africa’s proposed SEZ tax reforms could attract more investment and create opportunities for businesses in industrial supply chains.

    Proposed SEZ tax reform could open opportunities for SMEs

    South African SMMEs using WhatsApp Business Platform could face new per-message costs from October 2026.

    WhatsApp pricing shift threatens to raise costs for SMMEs

    Extortion case involving cop raises alarm over business safety

    Reliable municipal services such as water are essential to businesses, particularly small enterprises that may not have the resources to absorb prolonged disruptions.

    Municipal financial pressure puts Mpumalanga SMMEs under strain

    Municipal service delivery has emerged as a key issue ahead of South Africa’s local government elections. Photo. City of eThekwini

    NAFCOC warns municipal failures threaten SMMEs

    Black-owned firms say procurement rules discourage local production and limit their share of the R56.4bn pharmaceutical market.

    Black firms want share of R56.4bn pharmaceutical market

  • Agriculture
    Tshepo Alphoncinah Macheli is the founder of Tshepo Sweet Palace, an artisanal jam business operating out of QwaQwa in the Free State

    Backyard oranges inspire educator’s big jam business dreams

    Recent severe winter weather and heavy snowfall across parts of South Africa have placed small-scale livestock producers under intense operational stress

    Climate risk linked costs threaten small livestock farmers

    After nearly a decade of technical negotiations, South Africa’s citrus sector has secured a major trade breakthrough with India. Photo. Lucas Ledwaba\Mukurukuru Media

    Hurdles remain for citrus SMEs as SA secures India export deal

    Eastern Cape woman shatters stereotypes in grain farming

    Grain SA members protest outside the JSE over soybean pricing.

Photo: Grain SA

    Grain SA takes JSE to court over soybean pricing dispute

    Dead sardines along the Western Cape coast amid an ongoing investigation. Photo: supplied

    Sardine deaths create fresh uncertainty for fishing SMEs

    Western Cape blueberry growers are preparing for the 2026 season amid weather-related risks and uncertainty over crop yields.

    Weather threats cloud Western Cape blueberry season

    Sbonekonke Training established by accountant Reggie Mkhize provides practical training aimed at empowering aspiring farmers with the skills needed to succeed in the agricultural sector

    Sbonekonke empowering aspiring farmers with hands-on training

  • Innovation

    KZN entrepreneur turns waste into luxury art business

    Ma Flo Farm owner Karabo Ngobeni says the R150 000 prize will help the Emalahleni-based agricultural business invest in irrigation, fencing and shade-net infrastructure to expand production.

    Green economy opens new market opportunities for Mpumalanga SMMEs

    South African SMMEs using WhatsApp Business Platform could face new per-message costs from October 2026.

    WhatsApp pricing shift threatens to raise costs for SMMEs

    Umlazi entrepreneur Minentle Sibonelo Simelane is turning plastic waste into unique fashion pieces

    Entrepreneur turns plastic waste into thriving fashion business

    Elihle Stali from Nxamkwana village in the Eastern Cape is attracting international attention with a groundbreaking innovation designed to help visually impaired people live more independently

    SA innovator sparks investor interest at international tech show

    Affordable AI-powered tools are enabling small businesses to simplify daily operations

    How Artificial Intelligence is helping SA small businesses grow

    How Google Cloud infrastructure expansion could benefit SMEs

    Oratile Sibanyoni is a young entrepreneur with a mission. Photo. Lorraine Mokhatla

    Entrepreneur pioneers smart bin to revolutionise waste management

    A long wait for care at a hospital gave Sibongile Mongadi an idea for her business. Photo. Supplied

    Soweto creator redefines prosthetics through local manufacturing

    Innovator Tshepiso Malema has designed a digital solution to help farmers.

    Agritech platform brings digital precision to livestock farming

  • Finance
    A stronger rand gives businesses more dollar buying power.
Photo: Reuters

    Rand rally gives businesses more buying power

    SMEs get some relief as inflation cools. Photo: Pretoria.co.za

    Inflation eases to 4.3% giving SMEs breathing room on costs

    Western Cape launches digital funding service for businesses

    Stacks of LPG gas cylinders prepared for distribution

    New Gas Bill could unlock opportunities for small LPG traders

    Experts advise SMEs to keep a clean financial record to secure loans. Photo. Banking Association of SA

    Poor personal credit scores shutting SA SMEs out of funding

    World Bank loan faces test in easing SME pressures

    New Stats SA data shows more than 750 business insolvencies were recorded in South Africa during the first half of 2026. 

Photo: OLIVIER LE MOAL

    More than 750 firms go insolvent as SA companies feel the pinch

    Property players are urging caution as another rate hike could dampen the sector’s confidence.

    Property sector warns rate hike could delay market recovery

    Naledzani Mosomane, Head of Enterprise and Supplier Development at Standard Bank South Africa, says the expanded Export Readiness Programme will help more SMEs become export-ready.
Photo: Supplied

    Standard Bank and DHL partner to expand SME exports

    Minister Stella Ndabeni Abrahams officiates the handover of a Caterpillar excavator to Mbalelanga Trading Enterprise under the Business Infrastructure Support Programme in Buffalo City Metropolitan Municipality.
Photo: DSBD

    Ministerial Small Business Clinic equipment donation boosts SMEs

  • Tourism

    Driving economic growth through business tourism and conferences

    The newly unveiled Mthontsi Lodge and Conference Centre in KwaMaqoma, Eastern Cape, is expected to create tourism and economic opportunities for local businesses and communities.

    Tourism boom opens South Africa to more business

    Improved air connectivity through the Emirates-SAA
partnership is expected to strengthen tourism, trade and
regional travel across Southern Africa. Photo: simpleflying

    Tourism SMEs set to benefit from Emirates-SAA partnership

    Turkish Airlines will increase its South African services to 20 weekly flights from October 2026.  Photo. Turkish Airlines

    New international flight routes set to boost tourism SMEs

    Durban July pumps R1bn into KZN economy, fuels SME growth

    SANParks SMME funding programme surpasses R50 million in support for small businesses.

    Small businesses net over R50m through SANParks contracts

    Setšong Tea Crafters was able to overcome barriers that often keep rural enterprises out of mainstream retail channels. Photo. Lucas Ledwaba\Mukurukuru Media

    Indigenous tea finds new market in Kruger National Park

    Communities around Hazyview and Mpakeni want clarity on whether the fencing project will empower local contractors or be dominated by outside firms

    SMEs seek slice of R37m Kruger fencing project

    Tourists visiting the Kruger National Park could soon be encouraged to explore Mozambique and Eswatini through the new TriLand regional tourism initiative.

    TriLand tourism plan could boost Mpumalanga’s economy

  • Advertise
  • Resources
    • All
    • Business Tools & Templates
    • Compliance & Legal
    • Funding & Opportunities
    • Thoughts & Sharing tips
    • Township Policy & Government
    Nkomazi traders and SMMEs received assistance with government procurement processes, including CSD registration, during the Premier’s Imbizo.

    Nkomazi SMMEs seek clearer path to government procurement

    Reliable municipal services such as water are essential to businesses, particularly small enterprises that may not have the resources to absorb prolonged disruptions.

    Municipal financial pressure puts Mpumalanga SMMEs under strain

    Western Cape launches digital funding service for businesses

    The cash-loan business has become one of the fastest-growing enterprises in South Africa’s township and informal economies.

    How a new R150m fund seeks to help SMEs hire youth

    Under a new R5.4 billion AfDB and Standard Bank facility, rolling out digital payment devices aims to give informal women entrepreneurs the transaction records needed to access commercial credit.

    R5.4bn facility targets women SMEs

    Leane Hendricks is proving that South Africans can also run successful spaza shop businesses by starting small and serving their communities. Phone: supplied

    Woman entrepreneur proves locals can crack it in spaza sector

    A spaza owner sits outside his supermarket in Kliptown, Soweto. Photo: Nhlanhla Phillips

    Step-by-step guide on how to apply for Spaza Shop Support Fund

    Entrepreneurs are proving that growth no longer depends on having a physical store. Photo SME SA

    Top tips to grow your small business through e-commerce

    Moovy Delivery founder Nhlanhla Nkosi turned a gap in township logistics into a growing courier business. Photo Supplied

    Top tips to grow a successful business in SA’s township economy

No Result
View All Result
Vutivi
  • Business
    Power producers participating in South Africa’s proposed wholesale electricity market could face financial penalties. Photo. Lucas Ledwaba\Mukurukuru Media

    Power producers face penalties under proposed SA market rules

    Ma Flo Farm owner Karabo Ngobeni says the R150 000 prize will help the Emalahleni-based agricultural business invest in irrigation, fencing and shade-net infrastructure to expand production.

    Green economy opens new market opportunities for Mpumalanga SMMEs

    A stronger rand gives businesses more dollar buying power.
Photo: Reuters

    Rand rally gives businesses more buying power

    Nkomazi traders and SMMEs received assistance with government procurement processes, including CSD registration, during the Premier’s Imbizo.

    Nkomazi SMMEs seek clearer path to government procurement

    South Africa’s proposed SEZ tax reforms could attract more investment and create opportunities for businesses in industrial supply chains.

    Proposed SEZ tax reform could open opportunities for SMEs

    South African SMMEs using WhatsApp Business Platform could face new per-message costs from October 2026.

    WhatsApp pricing shift threatens to raise costs for SMMEs

    Extortion case involving cop raises alarm over business safety

    Reliable municipal services such as water are essential to businesses, particularly small enterprises that may not have the resources to absorb prolonged disruptions.

    Municipal financial pressure puts Mpumalanga SMMEs under strain

    Municipal service delivery has emerged as a key issue ahead of South Africa’s local government elections. Photo. City of eThekwini

    NAFCOC warns municipal failures threaten SMMEs

    Black-owned firms say procurement rules discourage local production and limit their share of the R56.4bn pharmaceutical market.

    Black firms want share of R56.4bn pharmaceutical market

  • Agriculture
    Tshepo Alphoncinah Macheli is the founder of Tshepo Sweet Palace, an artisanal jam business operating out of QwaQwa in the Free State

    Backyard oranges inspire educator’s big jam business dreams

    Recent severe winter weather and heavy snowfall across parts of South Africa have placed small-scale livestock producers under intense operational stress

    Climate risk linked costs threaten small livestock farmers

    After nearly a decade of technical negotiations, South Africa’s citrus sector has secured a major trade breakthrough with India. Photo. Lucas Ledwaba\Mukurukuru Media

    Hurdles remain for citrus SMEs as SA secures India export deal

    Eastern Cape woman shatters stereotypes in grain farming

    Grain SA members protest outside the JSE over soybean pricing.

Photo: Grain SA

    Grain SA takes JSE to court over soybean pricing dispute

    Dead sardines along the Western Cape coast amid an ongoing investigation. Photo: supplied

    Sardine deaths create fresh uncertainty for fishing SMEs

    Western Cape blueberry growers are preparing for the 2026 season amid weather-related risks and uncertainty over crop yields.

    Weather threats cloud Western Cape blueberry season

    Sbonekonke Training established by accountant Reggie Mkhize provides practical training aimed at empowering aspiring farmers with the skills needed to succeed in the agricultural sector

    Sbonekonke empowering aspiring farmers with hands-on training

  • Innovation

    KZN entrepreneur turns waste into luxury art business

    Ma Flo Farm owner Karabo Ngobeni says the R150 000 prize will help the Emalahleni-based agricultural business invest in irrigation, fencing and shade-net infrastructure to expand production.

    Green economy opens new market opportunities for Mpumalanga SMMEs

    South African SMMEs using WhatsApp Business Platform could face new per-message costs from October 2026.

    WhatsApp pricing shift threatens to raise costs for SMMEs

    Umlazi entrepreneur Minentle Sibonelo Simelane is turning plastic waste into unique fashion pieces

    Entrepreneur turns plastic waste into thriving fashion business

    Elihle Stali from Nxamkwana village in the Eastern Cape is attracting international attention with a groundbreaking innovation designed to help visually impaired people live more independently

    SA innovator sparks investor interest at international tech show

    Affordable AI-powered tools are enabling small businesses to simplify daily operations

    How Artificial Intelligence is helping SA small businesses grow

    How Google Cloud infrastructure expansion could benefit SMEs

    Oratile Sibanyoni is a young entrepreneur with a mission. Photo. Lorraine Mokhatla

    Entrepreneur pioneers smart bin to revolutionise waste management

    A long wait for care at a hospital gave Sibongile Mongadi an idea for her business. Photo. Supplied

    Soweto creator redefines prosthetics through local manufacturing

    Innovator Tshepiso Malema has designed a digital solution to help farmers.

    Agritech platform brings digital precision to livestock farming

  • Finance
    A stronger rand gives businesses more dollar buying power.
Photo: Reuters

    Rand rally gives businesses more buying power

    SMEs get some relief as inflation cools. Photo: Pretoria.co.za

    Inflation eases to 4.3% giving SMEs breathing room on costs

    Western Cape launches digital funding service for businesses

    Stacks of LPG gas cylinders prepared for distribution

    New Gas Bill could unlock opportunities for small LPG traders

    Experts advise SMEs to keep a clean financial record to secure loans. Photo. Banking Association of SA

    Poor personal credit scores shutting SA SMEs out of funding

    World Bank loan faces test in easing SME pressures

    New Stats SA data shows more than 750 business insolvencies were recorded in South Africa during the first half of 2026. 

Photo: OLIVIER LE MOAL

    More than 750 firms go insolvent as SA companies feel the pinch

    Property players are urging caution as another rate hike could dampen the sector’s confidence.

    Property sector warns rate hike could delay market recovery

    Naledzani Mosomane, Head of Enterprise and Supplier Development at Standard Bank South Africa, says the expanded Export Readiness Programme will help more SMEs become export-ready.
Photo: Supplied

    Standard Bank and DHL partner to expand SME exports

    Minister Stella Ndabeni Abrahams officiates the handover of a Caterpillar excavator to Mbalelanga Trading Enterprise under the Business Infrastructure Support Programme in Buffalo City Metropolitan Municipality.
Photo: DSBD

    Ministerial Small Business Clinic equipment donation boosts SMEs

  • Tourism

    Driving economic growth through business tourism and conferences

    The newly unveiled Mthontsi Lodge and Conference Centre in KwaMaqoma, Eastern Cape, is expected to create tourism and economic opportunities for local businesses and communities.

    Tourism boom opens South Africa to more business

    Improved air connectivity through the Emirates-SAA
partnership is expected to strengthen tourism, trade and
regional travel across Southern Africa. Photo: simpleflying

    Tourism SMEs set to benefit from Emirates-SAA partnership

    Turkish Airlines will increase its South African services to 20 weekly flights from October 2026.  Photo. Turkish Airlines

    New international flight routes set to boost tourism SMEs

    Durban July pumps R1bn into KZN economy, fuels SME growth

    SANParks SMME funding programme surpasses R50 million in support for small businesses.

    Small businesses net over R50m through SANParks contracts

    Setšong Tea Crafters was able to overcome barriers that often keep rural enterprises out of mainstream retail channels. Photo. Lucas Ledwaba\Mukurukuru Media

    Indigenous tea finds new market in Kruger National Park

    Communities around Hazyview and Mpakeni want clarity on whether the fencing project will empower local contractors or be dominated by outside firms

    SMEs seek slice of R37m Kruger fencing project

    Tourists visiting the Kruger National Park could soon be encouraged to explore Mozambique and Eswatini through the new TriLand regional tourism initiative.

    TriLand tourism plan could boost Mpumalanga’s economy

  • Advertise
  • Resources
    • All
    • Business Tools & Templates
    • Compliance & Legal
    • Funding & Opportunities
    • Thoughts & Sharing tips
    • Township Policy & Government
    Nkomazi traders and SMMEs received assistance with government procurement processes, including CSD registration, during the Premier’s Imbizo.

    Nkomazi SMMEs seek clearer path to government procurement

    Reliable municipal services such as water are essential to businesses, particularly small enterprises that may not have the resources to absorb prolonged disruptions.

    Municipal financial pressure puts Mpumalanga SMMEs under strain

    Western Cape launches digital funding service for businesses

    The cash-loan business has become one of the fastest-growing enterprises in South Africa’s township and informal economies.

    How a new R150m fund seeks to help SMEs hire youth

    Under a new R5.4 billion AfDB and Standard Bank facility, rolling out digital payment devices aims to give informal women entrepreneurs the transaction records needed to access commercial credit.

    R5.4bn facility targets women SMEs

    Leane Hendricks is proving that South Africans can also run successful spaza shop businesses by starting small and serving their communities. Phone: supplied

    Woman entrepreneur proves locals can crack it in spaza sector

    A spaza owner sits outside his supermarket in Kliptown, Soweto. Photo: Nhlanhla Phillips

    Step-by-step guide on how to apply for Spaza Shop Support Fund

    Entrepreneurs are proving that growth no longer depends on having a physical store. Photo SME SA

    Top tips to grow your small business through e-commerce

    Moovy Delivery founder Nhlanhla Nkosi turned a gap in township logistics into a growing courier business. Photo Supplied

    Top tips to grow a successful business in SA’s township economy

No Result
View All Result
Vutivi
No Result
View All Result

National Youth Development strategy nearing completion

The strategy has five key pillars which include economic transformation

by Staff Reporter
June 10, 2021
in Business
Reading Time: 5 mins read
A A
Small businesses to benefit from Informal Trade Policy

Small businesses to benefit from Informal Trade Policy

The Integrated Youth Development Strategy (IYDS), which includes transforming the economy to support young entrepreneurs and create jobs, is in its final drafting process before heading to Cabinet for approval. The document, which was presented to a Parliamentary portfolio committee earlier in June, which is Youth Month, offers some valuable insights following wide-ranging consultations by the National Youth Development Agency (NYDA).

According to NYDA CEO Waseem Carrim, the strategy has five key pillars which include economic transformation, education and skills development, health, social cohesion and an effective youth development machinery. It feeds into the National Youth Policy 2030, which was recently approved by Cabinet.

While there were concerns from members of the Portfolio Committee on Women, Youth and Persons with Disabilities that the latest IYDA report needed more information from youth in rural areas and special needs schools, Carrim said the general consensus was that the youth believed that one of significant barriers to equality was access to data.

“South Africa has some of the highest data costs on the continent. When asked, young people told us because of limited cash they opt to purchase smaller data bundles more often, even if the price per unit is higher than a bulk data bundle purchase,” the latest IYDS draft report reads.

On average, young people said they spent R360 per month on data (with some as much as R1800) for job searches, online applications, social media, research and academic work. And 63% of the respondents did not earn an income. “By lowering, or even removing data costs, young people are more readily able to access information, seek learning and job opportunities and engage with others,” it says.

“We saw that when we changed our mobi-sites to become data free young people’s online behaviour changed from logging in after midnight every evening when data was cheapest, to more even traffic during the day. Affordable data allows young people to be productive during daytime hours, with additive psychosocial benefits as well as giving them access to online communities amidst physical distancing,” the document reads.

Entrepreneurship

The data reveals that youth participation in entrepreneurship is relatively small. Only 9.2% of South Africans aged between 25 and 34 are involved in entrepreneurial activities, which is less than half of the average in Africa. Also, men are more likely to be entrepreneurs than women in this age group.

“South African township youth are not responding to the full potential of business opportunities in their own communities. Proportionally, immigrants have responded more effectively to employment and business,” the report reads. “Most youth will need to find employment in the informal sector. Yet data on labour force participation indicates that youth are not widely active in self-employed activities or informally employed in micro-enterprises.”

In two townships where the research was conducted, 15% of micro-enterprises were run by people under 30, and a third of them were not South African. In Delft in Cape Town, four out of 10 hair salons and barbers were owned by young people, and 70% were owned by foreign entrepreneurs.

The research says the lifestyle and leisure sectors contain some of the most promising youth startups for South Africans, including internet cafés, producing music at home, and playing at taverns and shebeens. They are also involved in designing flyers and posters, operating gyms, designing and making clothes, and running takeaway shops that sell fast food to late-night revellers.

Formal vs Informal Sector

In the formal sector, the report says that while it is a critical engine for productivity and growth, it cannot provide all the answers to growing jobless numbers. “It will be as critical to keep the formal sector afloat, as it will be to innovate on ideas to support and sustain the informal sector.”

Of the roughly 1.8 million informal SMEs, just less than one-third are led by youth, and slightly more than a third are headed by women. The most common informal sector occupations for men are taxi drivers and motor vehicle mechanics, and for women, they are beauticians and street food vendors.

Another key hindrance is that youngsters, especially those from disadvantaged backgrounds, struggle to help create jobs and that many townships are far from economic nodes. The report says a typical starting point for local economic development is for entry-level entrepreneurs to produce basic goods commonly needed locally, scale-up and access new markets.

“In South Africa, however, local markets for basic consumer goods are typically already taken by large incumbents and it is hard for small-scale startups to compete in relation to the established, mass-produced brands,” the document reads.

It warns that while policy hopes are pinned on small enterprises creating jobs, in the formal sector the country is far from reaching targets. “Therefore, while formal SMEs contribute nearly 98.5% of the number of formal firms in the economy, they only account for 28% of the jobs. Based on international trends, this should be about 60 to 70%,” the NYDA says.

Other reasons for unemployment included nepotism, internships that often do not consider the area in which a person is qualified, and poverty – especially amongst those living in rural areas – who do not have access to facilities, amenities, resources, transport and Wi-Fi.

“Poverty is one consequence of unemployment that most youth find themselves facing and as a result resort to crime,” it warns. Respondents said technical schools needed to be established again to accommodate those who excelled in artisan skills.

Before going to Cabinet, the strategy must be approved by the Minister in the Presidency Responsible for Women, Youth and Persons with Disabilities.

Tags: NYDA and cabinetNYDA and entrepreneursNYDA and job creation
ShareShareTweetSendSend
Previous Post

Cloudy Deliveries aims to make life easier for residents

Next Post

Small business agencies to merge to support SMMEs

Staff Reporter

Staff Reporter

More business news that you might like

Power producers participating in South Africa’s proposed wholesale electricity market could face financial penalties. Photo. Lucas Ledwaba\Mukurukuru Media

Power producers face penalties under proposed SA market rules

August 25, 2026
Ma Flo Farm owner Karabo Ngobeni says the R150 000 prize will help the Emalahleni-based agricultural business invest in irrigation, fencing and shade-net infrastructure to expand production.

Green economy opens new market opportunities for Mpumalanga SMMEs

August 24, 2026

Rand rally gives businesses more buying power

August 22, 2026

Latest entrepreneurship news

KZN entrepreneur turns waste into luxury art business

August 25, 2026
Tshepo Alphoncinah Macheli is the founder of Tshepo Sweet Palace, an artisanal jam business operating out of QwaQwa in the Free State

Backyard oranges inspire educator’s big jam business dreams

August 24, 2026

Driving economic growth through business tourism and conferences

August 24, 2026
Recent severe winter weather and heavy snowfall across parts of South Africa have placed small-scale livestock producers under intense operational stress

Climate risk linked costs threaten small livestock farmers

August 24, 2026

Vutivi is a digital business news platform that will serve the Small Medium Micro Enterprises in the form of writing stories that will be informative about their sector. We pledge to deliver a commercially sustainable, world-class digital financial and business news service that is a must-read while being responsive to readership needs and tailor-making packages for SMMEs.

Categories

  • Agriculture
  • Analysis
  • Business
  • Business Tools & Templates
  • Compliance & Legal
  • Finance
  • Funding & Opportunities
  • Government Business
  • Innovation
  • Podcast
  • Podcast promo
  • Profile
  • Resources
  • Thoughts & Sharing tips
  • Top story
  • Tourism
  • Township Policy & Government

Get in Touch

Email

news@vutivibusiness.co.za

© 2026 Vutivi // Website by Area of Effect.

Advertise / Privacy Policy / Contact

No Result
View All Result
  • Business
  • Agriculture
  • Innovation
  • Finance
  • Tourism
  • Advertise
  • Resources

© 2026 Vutivi // Website by Area of Effect.