Partnership to Provide Support to Youth Entrepreneurs

For the majority of young South Africans obtaining finance from conventional commercial lenders is a very real challenge. Often young aspiring entrepreneurs are rendered ineligible for finance due to their financial backgrounds. Stringent criteria such as requirements for collateral and credit checks, make it difficult for potential youth entrepreneurs from poor backgrounds to access funding from commercial finance institutions. To address these and other challenges faced by youth enterprises, the Industrial Development Corporation (IDC), the Small Enterprise Finance Agency (sefa) and the National Youth Development Agency (NYDA) have come together to form a R3 billion partnership that will see youth-owned businesses being financed and supported by three institutions. “The birth of this partnership is a response to the issues that young people have continued to raise with us, including their cry that government and its related institutions and agencies need to open up more opportunities for youth to access business funding either to start or expand existing businesses; and this must happen with limited red-tape and its related complications” says Khathu Ramukumba, NYDA CEO. The cooperation agreement between the IDC, sefa and the NYDA also responds to the Youth Employment Accord signed in April 2013, where government and its social partners made a commitment to prioritise youth employment and skills development. The Youth Employment Accord is one of a series of social pacts intended to help achieve one of the New Growth Path goals of creating five million new jobs by 2020. In terms of the Youth Employment Accord, government has committed to support initiatives giving young people opportunities as entrepreneurs, as employees and as trainees.

6 Responses

Hi there, Thanks for your email. You have the wrong organisation. We are the FunDza Literacy Trust, not the Funza Lushaka Bursary. You can reach them here: http://www.funzalushaka.doe.gov.za/Please note, we are an entirely different organisation, so all we can do is point you in the right direction. Good luck,The FunDza Literacy Trust team -- The FunDza Literacy Trust(+27)21709068885 Main Road, Muizenberg, Cape Town, 7945. info@fundza.co.zawww.fundza.co.zalive.fundza.mobi

FunDza Team · 5 years ago

Good morning, I hope this email finds you well. Nthabeleng Hope Matsitsa here. I am a student at the University of the Free State. This is my second year studying BSc behavioral Genetics. I did not have any funding last year 2019, my mother struggled to get me transportation, food, and books. I was able to appeal with the school offices to allow me to attend the whole of last year until I could qualify for a bursary. I qualified for a Bursary and they will be sponsoring my fees, stationary with books included, food and accommodation if is needed. The issue is that they cannot pay outstanding fees, which is close to R30000 at this time. I have entered every office with a door I could get in, hoping to find help, but have not been lucky... I cannot register for 2020 at this time because of the financial block that is showing on my account, and thus have not been do so. I'm humbly appreciative for your assistance. Kind regards

hop…@gmail.com · 5 years ago

I am indebted to the university of free state because I was unable to pay my tuition for 2017 My results are very good I was even from studying Theology to doing my BA 3 years degree in south African sign language and psychology. Please help me settle my R17000 debt Your truly Makaziwe

Makaziwe · 7 years ago

Hi there, this is the FunDza site so unfortunately we are not able to help you - we are a completely separate organisation.

Team FunDza · 7 years ago

Hi thusanofund I need help I was applying for funds today but after I send all my documents to your email I got this request fast see the request which I receive from you bellow Good Day Kindly note that Thusano fund has closed from the 15th of November 2016 till the 03rd of January 2017. Applications before the 4rd of January wont be considered. You are advised to apply from the 4th of January 2017 with updated documents. Kind Regards Admin 0116511225 Disclaimer The information contained in this communication from the sender is confidential. It is intended solely for use by the recipient and others authorized to receive it. If you are not the recipient, you are hereby notified that any disclosure, copying, distribution or taking action in relation of the contents of this information is strictly prohibited and may be unlawful. This email has been scanned for viruses and malware, and may have been automatically archived by Mimecast Ltd, an innovator in Software as a Service (SaaS) for business. Providing a safer and more useful place for your human generated data. Specializing in; Security, archiving and compliance. To find out more Click Here PLS for details in explaining this request back you can contact me or email me

Thandile tman27 · 7 years ago

community comprehesive organisation applying for funding to thusano fund will like to kwn how long shall wait for response

community comprehesive organisation · 9 years ago