Different programmes have been put in place to remove unnecessary challenges and assist young entrepreneurs.
Junior Achievement SA (JASA)
For over 38 years JASA’s in-school and out-of-school youth programmes have provided entrepreneurship, financial literacy and workplace readiness training, reaching upwards of 7 000 learners and young adults annually.
Through experiential learning, participants tackle real issues related to starting up and running small businesses, and the Services SETA has accredited 2 premium JASA programmes at NQF Level 4.
The premium Youth Enterprise Development Programme guides 18 to 35 year-olds through the process of establishing sustainable businesses. For 6 months participants attend incubator- style classes, followed by a further 6 months of support and mentorship.
The Enterprise Programme is the flagship offering for Grade 10 and 11 learners, where learners form companies and go through the entire process of starting up businesses and developing products or services, learning about all the aspects of entrepreneurship, as well as financial literacy and life skills. A longer version is the premium Entrepreneurship Academy Programme. There are other shorter entrepreneurial courses, including programmes focussing on addressing environmental issues, financial literacy, career planning and workplace readiness.
Programmes aimed at Grade 4 to Grade 7 focus on entrepreneurship and financial literacy.
National Youth Development Agency (NYDA)
The National Youth Development Agency helps create opportunities for youth employment and youth entrepreneurship by developing, funding and supporting effective programmes. The fund was established by the South African Government in response to the high youth unemployment in the country.
NYDA Grant Programme
The NYDA Grant Programme aims to provide young entrepreneurs an opportunity to access both the financial and non-financial business development support to establish their survivalist businesses.
The programme focusses on youth entrepreneurs who are just starting out and are displaying signs of future potential but not yet fully developed.
Young people interested in accessing the grant programme will have to commit to participate in the NYDA mentorship and voucher programme for a minimum of 2 years.
Please visit their website for more information.
Business Consultancy Services Voucher Programme (BCSVP)
The Business Consultancy Services Voucher Programme (BCSVP) is an NYDA programme that is designed to provide quality business development support to young entrepreneurs. The programme aims to enhance the young entrepreneur’s participation in the mainstream economy.
Young entrepreneurs are able to receive one-on-one business development support from professional companies that have the relevant skills and experience that can assist young entrepreneurs in developing their businesses in areas such as marketing, bookkeeping and financial administration, and due diligence.