Youth businesses get shot in the arm

In a bid to promote youth entrepreneurship among young people and reduce unemployment, from September 21, the youth will be able to register their businesses to access government contracts in half the time and at half the price. Company registration will be done in 14 days compared to the normal 30 days. The initiative, which targets young businesspeople between ages of 18 and 35, seeks to encourage young people to play an active role in the economy and actively participate in public procurement and asset disposal.

In an interview with Mmegi Business, the Minister of Youth Sport and Culture, Thapelo Olopeng said the initiative will help cut costs for youth businesses because he realised that they usually part ways with a lot of money during the PPADB registration and tendering process.