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Photo: OLIVIER LE MOAL

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

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    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

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  • Business
    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

    KZN SMEs plead for state protection from crime ahead of elections

    Western Cape launches digital funding service for businesses

  • Agriculture

    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

    A kudu bull with 59-inch horns sold for R146 000, the highest price at the Thabazimbi game auction.

    Wildlife businesses shine at Thabazimbi show

    Mems Ramaila is making waves in the beekeeping sector

    Bee African sweetens honey industry with woman farmer’s touch

    New agreement grants free harbour access to local fishers

  • Innovation
    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

    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

    Sibusiso Shabangu, a Mpumalanga waste-to-fuel innovator, says his project is on hold as he completes regulatory compliance requirements.

    Innovator behind waste-to-fuel project faces compliance delays

  • 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
    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

    South African Tourism Minister Patricia de Lille and Mauritian Tourism Minister Richard Duval during the signing of a tourism cooperation agreement at Africa’s Travel Indaba 2026 in Durban. Photo: DoT

    Will SA–Mauritius tourism pact unlock SME growth?

  • 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

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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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