Statement in the National Assembly by Hon Bheki Radebe on the initiative aimed at creating jobs
In line with the ANC`s commitment to creating 5 million jobs by 2020, an initiative to create jobs launched by the Gauteng Department of Economic Development in Gauteng on 21 October 2011 is greatly welcomed. The programme called Y-Age aims to train 100 000 young business people between the ages of 18-34 years. Consideration will also be given to those between the ages of 35-40 years who have tertiary qualifications.
Approximately R90 million has been set aside over the next three years to fund this programme, with the support of finance institutions and private sector partners. The aim is to train people in various business skills, and approved business plans will receive funding of between R500 000 and R1 million. There will be more than 90 training centres and more than 30 sectors, including agriculture, ICT and franchising have been identified.
The drive to register the potential entrepreneurs will take place at Gauteng Propeller outlets and malls in Gauteng or on an online website and mobisite.
Each entrepreneur will be empowered to create at least 10 jobs each. It is envisaged that this programme will create a million jobs over three years.