Failure of youth businesses worries NEDC councilors
Tuesday, May 26, 2015
Florah Mpetsane
At a recent full council meeting, councilors bemoaned the low success rate of the youth enterprises, adding that action had to be taken to ensure young people invest into the success of the businesses.
NEDC Chairperson, Florah Mpetsane said many youth businesses have collapsed because the beneficiaries lack the commitment and patience to properly run their enterprises.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...