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Wednesday, 08 April 2015 08:45

The NYDA transforms the lives of young entrepreneurs

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“I have by no means arrived at my destination and I do have challenges but my business is growing, progress is achieved every day and this I owe to the NYDA for believing in my vision when all I had was a broken wash plant machine,” said thirty-five-year old Siyabonga Shange, owner of Sbumeister Trading cc, an Industrial Plastic Recycler (IPR) based in Pinetown, Durban.
NYDA_transforms the lives of young entrepreneurs
Siyabonga Shange is the sole member of Sbumeister Trading cc and received two grants from the NYDA totalling R80 500.00. This came after he approached the agency in 2013 to refurbish his wash plant and again in 2014 to assist with overhead costs, at which time the number of employees at the recycling plant increased from 7 to 14. Siyabonga together with his mentor Barry Smith, a former bank employee, have been approved for a loan at the Small Enterprise Finance Agency (SEFA) to purchase a new wash plant and to move to new premises since their business has grown.
According to the Deputy Minister, Buti Manamela, “These beneficiary visits have yet again demonstrated the great work that the NYDA is involved in and the innovative, resourceful nature of South Africa’s youth. It also shows that if young people are willing to lead their own development, the government of South Africa will support them all the way.”

Thirty-one-year-old Mbongeni Msomi, who runs Carwash Supreme at the Pavilion Shopping Centre was also visited by the delegation today after he received a NYDA Business Grant to the value of R45 000.36. Carwash Supreme specialises in waterless carwashes and offers an eco-friendly, quality approved service currently employing 20 to 30 young people depending on the traffic at the mall. He is also looking to expand his business to two additional sites around Durban.
“We know that young people are by no means looking for a hand-out but often times just need a hand-up in support to become sustainable employment creators in their communities and providers for their families,” said Deputy Minister, Buti Manamela.
The project visits continually afford both the Deputy Minister and the NYDA Chairperson an opportunity to get their hands on deck with actual work undertaken by young entrepreneurs and interact with the beneficiaries to understand their progress and establish if there are any challenges that young business people are faced with.
NYDA Executive Chairperson, Yershen Pillay said, “The unmistakeable transformation in the lives of NYDA beneficiaries made possible by our Business Grant Programme in KwaZulu Natal speaks for itself. These site visits have reinforced our resolve to ensure that even more young people are able to benefit from the NYDA Business Grant Programme so that youth become employment creators and drivers of development nationally.”
Last modified on Wednesday, 02 September 2015 08:59