20 May 2020 - NW409
Kohler-Barnard, Ms D to ask the Minister in The Presidency for Women, Youth and Persons with Disabilities
What is the current balance of the Umsobomvu Youth Fund; (2) What are the details of (a) each amount that the specified fund paid to each beneficiary since its establishment, (b) the names of each beneficiary and (c) the outcomes achieved by each beneficiary with the funding received from the fund?
The Umsobomvu Youth Fund was established in January 2001 with a mandate to create a platform for job creation, skills development and transfer for South Africa’s young people.
The National Youth Development Agency (NYDA) Act which was passed by Parliament in 2008 formed the NYDA as a merger between the Umsobomvu Youth Fund (UYF) and the National Youth Commission (NYC) and in terms of section 21 of the Act dissolved the UYF and NYC.
(1) The balances of the Umsobomvu Youth Fund were therefore transferred into the NYDA as per section 21 of the NYDA Act. The UYF has therefore been dissolved and has a balance of zero.
2. Links to the annual reports of the UYF which can be found online which will specify beneficiaries, amounts paid and outcomes are indicated below. Copies of the annual reports from 2001 – 2008 can be forwarded to the Honourable member upon request.