The NYDA is going to provide a Relief Fund to youth-owned enterprises.

APPLICABILITY PERIOD

For a period of three months

QUALIFICATION CRITERIA

This fund is targeted at youth-owned businesses that meet the following criteria:

  • The youth owned enterprise must have been existing and operating for a period of six (6) months prior to the lockdown. Proof of this must be submitted in a form of management accounts (i.e. invoices, orders, etc.)
  • The youth owned enterprises must be able to provide financial statements for three (3) months before the lockdown and statements during the lockdown.
  • The youth owned enterprise must submit CIPC registration documents except for informal businesses
  • The youth owned enterprise must provide proof of banking details that is not older than six (6) months
  • Demonstrate how the enterprise has been impacted by COVID-19
  • The relief fund will cover operational costs only
  • The relief fund will be capped at a maximum of R10,000.00 per youth owned enterprise and this will be a once-off amount
  • The application period is from 20 April up to 30 May 2020

HOW DO I REGISTER / APPLY?

Complete the application form

Completed application forms must be submitted via email to the branch or District Office closest to you.

SUPPORTING DOCUMENTATION REQUIRED

The applicant must provide evidence of the following: 

  • The enterprise is owned by youth between the age of 18 to 35 years
  • The owners are South African citizens
  • They are residing in South Africa
  • The business operates within the borders of South Africa

WHERE CAN I
FIND SUPPORT?

Other Interesting Articles

Harambee in the News

Harambee Youth Employment Accelerator enters its second decade with planned CEO transition

14 Sep 2021

Harambee has announced the appointment of Group Finance Director Kasthuri Soni as its next Chief Executive Officer. Soni will assume the role in January 2022 from current CEO Maryana Iskander, who is entering her tenth year at Harambee.


Read More >

 

South Africa needs a national, co-ordinated plan of action to create jobs for youth

Harambee in the News

South Africa needs a national, co-ordinated plan of action to create jobs for youth

08 Sep 2021

To turn SA’s youth unemployment crisis around, we need to believe in young people’s potential, but also come up with a concrete, inclusive action plan.


Read More >

 

Harambee in the News

Employment intervention: How to keep young women from being left further behind

26 Aug 2021

To build resilience in young women’s employment, we must help them get resilient jobs. This means focusing employment interventions on growth sectors that already employ large numbers of women and dismantling the barriers that lock women out of other well-paid, secure sectors of the economy.


Read More >