Youth Businesses Gets Govt/LEA Boost

Monday, December 03, 2018

Kgopotso Ramoroka and Racious Moatshe signing MoA PIC: MORERI SEJAKGOMO

The Ministry of Youth Empowerment, Sport and Culture Development and Local Enterprise Authority (LEA) have joined forces to boost the success rate of youth-owned businesses, through enhanced mentorship.

The two entities signed a Memorandum of Understanding last whose ultimate goal is higher survival rates among youth start-ups, particularly those funded through the Youth Development Fund (YDF).

Established by government in 2009, the YDF aims to encourage out-of-school, marginalised and unemployed youth to venture into sustainable and viable income generating projects. The Fund offers successful applicants up to P100,000 comprising both a grant and an interest free loan.

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