SIFISO TSO MTSWENI
NYDA CHAIRPERSON WISHES TOWNSHIP ENTREPRENEUR’S WELL AND PROSPEROUS 2019
The start of the New Year brings hope and opportunities for entrepreneurs across the globe.
It is very critical and important that young people consider entrepreneurship is a viable career option. This will ensure that we stimulate our economic growth and create much needed jobs.
The National Youth Development Agency (NYDA), as an agency tasked with youth development is responsible to direct the youth into an entrepreneurial journey. best wishes and welcome to entrepreneurs and aspiring entrepre neurs into 2019, a year of the youth and greater prosperity for entrepre neurs. Our government has singled out nurturing small businesses as keyto grappling the escalating unemployment rate which has left more than27 percent of the labour force without jobs, especially young people. Entrepreneurs must be at the fore front in cultivating our ailing economy.
The NYDA has ensured that they are available wherever young people need them. We further urge young people to implore more opportunities which will ensure that they expand their growth. According to a survey by SME South Africa, 10.7% of entrepreneurs saidthey want to expand into the agriculture industry, 10.4% said manufacturing, a total of 6.0% want to go into education and 5.6% cited the technology sector as an industry of interest, and for real estate 5.5% said they want to expand into this industry.
It is very important that entrepreneurs are cognizant to the latest-developments and opportunities which the help them increase latitude in the industry that is dominated by large corporates.
Part of the focus for young entrepreneurs is the consideration of the impact of the Fourth Industrial Rev olution, which presents opportunities and well as a significant threat. The NYDA has in response to the demand for the agrarian reform (that is land debate currently underway) and technological development in creases its funding to up to R250 000 for entrepreneurs within these sectors. All our branches are Wi-fi enabled for better use and increase path to opportunities for the youth. Entrepreneurs should take advantage and be at the centre of overseeing the implementation of policies of redress as adopted by government.
The procurement quota that is due to young people must be implemented. Also the important undertakings by large multinational corporation during the Africa Investment Summit and the Presidential Jobs Summit must be a guide to how entrepreneurs maneuver in their quest of becoming employment creators and lead the charge on economic growth.