With the walls closing in and load-shedding playing havoc with the economy, finance minister Enoch Godongwana announced measures that will not only absorb more than half of Eskom’s R423bn debt but also grant tax breaks for businesses and homes investing in renewable energy.
In 2013, the National Youth Development Fund (NYDA) shifted from supporting prospective entrepreneurs through loans to introducing grant funding as a means to stimulate economic activity and reduce youth unemployment.
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Tune in for free webinar about youth entrepreneurship
With more than two in five young South Africans jobless, Nelson Mandela University is presenting a free youth entrepreneurship webinar.
The webinar is titled “Entrepreneurship Outcomes for South African Youth, 2010-2020” and it will take place on Wednesday 24 February. It will be presented by the university’s School of Economics.
The webinar will feature Dr Bernice Hlagala, chief director focusing on youth in the Department of Women, Youth and People with Disabilities (DWYPD), and the university’s Department of Economics lecturer Asanda Fotoyi.
Webinar about self-employment for youth
Fotoyi said the impact of the ongoing coronavirus pandemic highlighted how vital it was to explore forms of self-employment for young people.