Youth Development Fund fears

In his recent report, Sebopeng noted that in its last meeting, the Public Accounts Committee (PAC) had expressed concern at the low rate of recoveries of loans by YDF. He said the PAC felt that the fund may not achieve the objective for which it was established. He said the PAC wondered whether adequate guidance was provided to the beneficiaries of the loans on the projects that they undertook.

 "In response, the accounting officer stated that she had opened a separate bank account with a view to facilitating the monitoring of the loan recoveries. The success of this arrangement remains to be seen, especially as the transactions of the fund are currently operated through the recurrent expenditure and revenue budgets," he said.