Wanted: more young en­trepreneurs

CityPress - - News -

It is a na­tional pri­or­ity, as ar­tic­u­lated in the Na­tional De­vel­op­ment Plan, to find ways to cre­ate jobs and build the econ­omy in a sus­tain­able way. Par­tic­u­lar fo­cus is placed on the youth, who bear the brunt of un­em­ploy­ment.

The chal­lenge fac­ing young peo­ple, es­pe­cially those from dis­ad­van­taged back­grounds, is that they have lim­ited ac­cess to start-up funds.

Typ­i­cally, new busi­nesses get their start-up cap­i­tal from per­sonal sav­ings, fam­ily and friends and, in some sit­u­a­tions, com­mer­cial banks. For young peo­ple from dis­ad­van­taged back­grounds, most of th­ese op­tions just don’t ex­ist. But that doesn’t mean that their busi­ness ideas are not worth­while.

Young peo­ple need to tap into avail­able fi­nan­cial pack­ages so that they too be­come ac­tive par­tic­i­pants in the na­tional econ­omy and cre­ate jobs.

There are op­por­tu­ni­ties out there for new ideas. Govern­ment, through its de­vel­op­ment fi­nan­cial in­sti­tu­tions such as the IDC, has put in­cen­tives in place to bol­ster the pro­duc­tive sec­tors of the econ­omy, and there are many parts of the pro­duc­tive sec­tors that only re­quire some in­ge­nu­ity to get started in. What is re­quired is an en­tre­pre­neur­ial mind and the will­ing­ness to work hard.

South Africa needs peo­ple to man­u­fac­ture prod­ucts more than ever. And for the coun­try to get back on the path to growth, young peo­ple need to step up to the plate and start look­ing be­yond an of­fice job for their fu­tures.

Mpan­gase, IDC spokesper­son

– Mandla

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