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  • Business
    Zama Gege has built a builds thriving beauty brand from natural remedies. Photo. Facebook

    Natural remedies propel small business into thriving beauty brand

    Petrol reaches record R30 a litre

    Businesses brace for impact as petrol hits R30 a litre

    Lower rainfall from El Niño could reduce pit flooding and haulage downtime for South African coal producers facing declining production figures.

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    CIPC opens company ownership trail to law enforcement

    Residents of Makhanda have questioned if a wind farm similar to this one in Gqeberha can translate into lasting opportunities for local businesses. Photo. Lucas Ledwaba\Mukurukuru Media

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Photo: Supplied

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Photo: Shell

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Photo: Supplied

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Photo: Reuters

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    Parliament wants tourism expos to result in real SME deals

    Tourism businesses and industry stakeholders engage at the Mpumalanga Tourism Expo. The 2026 event, held at Riverside Mall in Mbombela, brought together exhibitors and buyers to create market-access and networking opportunities for tourism SMMEs.

    Mpumalanga expo links tourism SMMEs with new buyers

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    Building a hospitality empire in the heart of the Free State

    Rising tourist numbers are being weighed against safety concerns linked to violent crime. Photo: Sourced

    Tourism SMEs threatened by spiralling crime

    Small and medium-sized enterprises (SMEs) are being urged to harness digital tools and artificial intelligence to unlock new markets. Photo. Department of Tourism

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    Visitors explore Mpumalanga’s natural attractions during a safari experience. Parks Week is giving day visitors free access to selected provincial nature reserves, while local tourism businesses hope increased visitor traffic will translate into more customers and sales.

    Free Parks Week puts local tourism businesses in the spotlight

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    FlySafair’s new programme aims to help tourism SMEs reach wider markets and grow. Photo: Sourced

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  • Advertise
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    • All
    • Business Tools & Templates
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    Trade, Industry and Competition Minister Parks Tau announced the launch of CIPC's upgraded Beneficial Ownership Disclosure Module, giving law enforcement real-time access to corporate ownership networks.

    CIPC opens company ownership trail to law enforcement

    R1bn fund targets SME expansion and 30 000 jobs creation

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Photo. Nhlanhla Phillips\NEYEFOREYES

    How businesses can turn social media attention into actual sales

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    SEDFA support boosts Eastern Cape beauty entrepreneur

    Tips for starting a succesful landscaping and gardening business

    R2.3 billion a year illicit market squeezes beauty industry

    South African farmers brace for possible El Niño conditions as global forecasts warn of risks ahead of the 2026/27 season.

    Tips to prepare livestock for El Niño extreme heat

    FlySafair’s new programme aims to help tourism SMEs reach wider markets and grow. Photo: Sourced

    Tourism SMEs set to gain as FlySafair redirects business support

    Deputy Minister of Trade, Industry and Competition, Zuko Godlimpi has called on SMEs to collaborate.

    DTIC urges township entrepreneurs to pool purchasing power

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NYDA plans to give more support to youth enterprises

by Staff Reporter
March 4, 2021
in Business
Reading Time: 3 mins read
A A

Curbing youth unemployment and supporting young people entering the world of work has very seldom been a success story in South Africa.
The country has one of the highest youth unemployment rates in the world, and a shrinking labour market has made it even more difficult for the country’s future leaders and workforce.
The National Youth Development Agency (NYDA), which was set up in 2006 to tackle issues facing the country’s youngsters, and the Small Business Development Department, have now been tasked to work together on tackling this growing scourge.

According to the NYDA, which recently briefed Parliament’s Portfolio Committee on Women, Youth and Persons with Disabilities, said it was finalising a number of plans in conjunction with the department.
NYDA CEO Waseem Carrim said one of those plans was on how to reach an agreed target of setting up 15,000 enterprises for the youth.
He said the agency was working on three major projects with European Union, the United Nations Development Programme and the Sector Education and Training Authority (Seta) to achieve this goal.
The agency had identified the hemp industry as a key project. However, there were legal challenges that needed to be taken into consideration.
Committee chairperson Claudia Ndaba advised the NYDA and the department do a follow-up meeting to ensure that young people were granted the hemp licences by the Health Department.

Carrim, who was presenting the NYDA’s Quarter Three Report for 2020/2021, said that in response to the Covid-19 pandemic, the Youth Micro Enterprise Relief Fund was developed and had so far approved 1144 applications for funding.
He said the Presidential Youth Employment Intervention was focused on developing the SAYouth.  While there had been some victories, Carrim said that last year had been impossible for the agency to meet all of its 25 Key Performance Indicators due to budget cuts, essential vacancies not been filled and poor governance.
However, with the help of an Audit and Risk Committee, recently appointed to help the agency, and a managerial team that had been “pulled together”, the NYDA was working on “catch-up” plans to ensure that all targets were met.
Going forward, Carrim said the NYDA and the department would also help young people get jobs by arranging a campaign on agriculture so that had a better understanding of the opportunities in the sector, including hemp.

The department’s acting chief director for youth, Bernice Hlagala, also briefed the committee. She said the department was currently consulting stakeholders on the NYDA Amendment Bill.
It seeks to strengthen the agency’s operations, enhance governance and promote the NYDA’s products and services.
She also announced that the National Youth Policy 2030 had been approved by Cabinet and would be launched tomorrow.

Tags: Hemp industryNYDA and enterprisesYouth enterprise relief fund
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