startsy : Fuel your passion. Build your business. Stay unstoppable with StartupApp.                                                               StartupGuy : Nothing ever stays the same. Be happy no matter what happens, because change is a big part of life. Cheers! #StartupGuy #StartupApp                                                               StartupGuy : Innovation starts with action. Take yours today with StartupApp.                                                               startsy : Your business journey starts here. Innovation never stops at StartupApp.                                                               startsy : Entrepreneurs, innovators, dreamers – welcome to StartupApp, where business ideas come to life!                                                               startsy : From startup to success – StartupApp has everything you need.                                                               StartupGuy : Your idea. Your vision. Our tools. Let’s build the future together!                                                               StartupGuy : A movement only exists when people are inspired to move, to do something, to take up the cause as their own. #IamStartupGuy #StartupMzansi                                                               startsy : Great ideas don’t wait. Bring yours to life today with StartupApp.                                                               startsy : Your vision, our tools. Build the future with StartupApp.                                                               startsy : StartupApp: Empowering entrepreneurs to dream big and build bigger.                                                               StartupGuy : Where innovators unite to create tomorrow’s businesses today.                                                               startsy : Start today. Innovate tomorrow. We’re with you every step of the way – StartupApp.                                                               startsy : Turning dreams into businesses. Let StartupApp guide your journey.                                                               startsy : Welcome to StartupApp – the ultimate platform for creating, growing, and thriving in business!                                                               startsy : StartupApp – The only tool you need to launch, grow, and succeed!                                                               startsy : Ideas are born here. Innovation starts now. Welcome to StartupApp!                                                               StartupGuy : The choices we make today will determine our tomorrow                                                               StartupGuy : Hello startuppers!                                                               startsy : Every big idea starts small. Let’s make it happen with StartupApp.                                                             

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NYDA OPENS YOUTH MICRO ENTERPRISES RELIEF FUND (YMERF)

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Issued by the National Youth Development Agency

Government has introduced a number of interventions aimed at assisting businesses in general, and Youth-Owned Enterprises in particular during the COVID-19 lockdown period. These interventions include the Debt Relief Fund and the SMME Support Intervention by the Department of Small Business Development.

The National Youth Development Agency (NYDA) has opened the Youth Micro Enterprises Relief Fund (YMERF) aimed at assisting youth enterprises who might not qualify for other funds. This fund will respond to challenges facing youth-owned businesses such as inability to pay employees, lack of income, including waiting periods for other funding mechanisms , etc.

Funding will be capped at R 10 000 for every qualifying business. More details about the NYDA Youth Micro Enterprise Relief Fund are available on http://www.nyda.gov.za/Latest-News/NYDA-Youth-Micro-Enterprise-Relief-Fund and on all NYDA social media platforms.

Executive Chairperson of the NYDA, Mr Sifiso Mtsweni has called on all stakeholders to work together during this period, and for youth to take advantage of the fund.

“The efforts by government to this end are indeed commendable, and require all stakeholders in youth development to cooperate and mitigate against negative economic impact resulting from the COVID-19 pandemic “ said Mtsweni

Released by:

National Youth Development Agency (NYDA)

 

Sandile Shabangu

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