Question NW1576 to the Minister in The Presidency for Women, Youth and Persons with Disabilities
05 December 2019 - NW1576
Mbhele, Mr ZN to ask the Minister in The Presidency for Women, Youth and Persons with Disabilities
In each of the past four financial years, what (a) amount of funding was disbursed by the National Youth Development Agency (NYDA), (b) number of small and medium enterprises (SMEs) were funded by NYDA, (c) number of jobs were created by the specified SMEs and (d) number of the SMEs still exist and are still trading?
Reply:
SMEs supported by NYDA
|
Description |
2015/2016 |
2016/2017 |
2017/2018 |
2018/2019 |
TOTAL |
|
No of SME’s funded |
673 |
698 |
801 |
1103 |
3275 |
|
Amount of funding |
R29 974 000 |
R30 486 000 |
R34 611 000 |
R58 686 000 |
R153 757 000 |
|
Number of jobs created and sustained |
500 |
1728 |
2373 |
2929 |
7530 |
The NYDA conducts repaid assessments every two years and has done two on its entrepreneurship programs. In rapid assessment 1, 72% of businesses were sustainable post two years after funding. In rapid assessment 2, 100% of businesses were sustainable post two years after funding.