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South Africa: Strategy to Boost SA Youth Employment
Source: www.sanews.gov.za
Source Date: Thursday, November 14, 2013
Focus: Information Access, Citizens’ Service Delivery, E-Customs
Country: South Africa
Created: Nov 14, 2013

Davies said government had realised that it needed a package of solutions to create more employment opportunities for the youth.
“What we have learned is that two-thirds of our youth entrepreneurs are self-taught and are informal. For our strategy to be effective, we need youth targets set aside in priority sectors, and what’s important is for us to strengthen the capabilities of these informal businesses.
“As a response, the dti has set itself the target of increasing the percentage of youth managed start-up businesses from 5% to 50%,” he said.
YEDS is government’s response to a call made by the New Growth Path (NGP) for the state to provide bold, imaginative and effective strategies to create millions of new jobs that will address youth unemployment and the limited participation of young people in the economy.
MEDO is one of the 30 incubators supported by the dti incubation programme.
“We are trying to bring a major change in how business is being done in South Africa. We want to create an environment where local small suppliers can be so well capacitated that they would be able to supply our private sector, doing away with their dependence on imported goods.
“The ultimate goal is to see our entrepreneurs producing value-added products that would compete with the import influx,” said Davies.
MEDO CEO Judi Sandrock said: “To date, we have had more than 800 entrepreneurs that have gone through our programme, and with the support from the dti, I can confirm that we are in a favourable position to take in even more aspirant entrepreneurs through our doors.”
MEDO connects large companies (with an annual turnover above R35 million), with emerging micro and small enterprises. It facilitates micro and small business development and supplier relationships.
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