27 Feb 2014

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NYDA in R3bn venture for youth jobs

Johannesburg - A R3bn fund has been set up to help youth-owned enterprises, the National Youth Development Agency (NYDA) said on Thursday.

The joint fund - between the NYDA, the Industrial Development Corporation, and the Small Enterprise Finance Agency - followed the signing of the Youth Employment Accord in April last year.

"Government and its social partners made a commitment to prioritise youth employment and skills development."

The accord was one of a series of pacts signed to help achieve the goal of five million new jobs by 2020, the agency said.

The partnership would be launched on Friday in East London.


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