Connect with us


What South African Youth Do Not Know About Starting A Business And Getting Funding



The majority of youth in South Africa do not realize the big opportunity they have to start their own businesses with financial support from the Government. Starting and running ones own businesses in South Africa as a youth is one thing the youth are not taking into much consideration despite the fact that the country is among the top nations in Africa in strong support of youth owned businesses. A youth in South Africa has access to business funding through various channels put in place by the South African Government.


Places to look for business funding

1. National Youth Development Agency (NYDA)

The National Youth Development Agency is a Governmental arm that specializes in youth development and empowerment. One of their services to the South African Youth is the support of youth owned businesses financially through the Voucher Programme. Your business can benefit from the services of NYDA approved services providers whom you can choose from to get services that will be paid by the NYDA vouchers.

Vouchers can benefit a youth owned business from R6 600 to R19 800 and a business can be granted up to 2 vouchers which is a maximum of R39 600. One thing to be noted is that the funding is not a credit but a grant for your business. After completing the business training that NYDA offers, one can then apply for funding for certain services they need to expand their business from accounting, website design, business plan draft and many more.

NYDA then assess the application and the services they requested and if the application pass the assessment NYDA then inform the service provider to do that work. NYDA then pays the service provider for the services rendered. For more information visit the NYDA Website or visit their offices near you.

2. Small Enterprise Development Agency (Seda)

Seda is a small business development agency formed in 2004. They can assess your business and recommend it for its eligibility for funding. They also offer you business management training and mentorship that will enrich you with the skills needed to run your business. You can visit their website and fill out an application form.

3. Department of Trade and Industry (DTI)

The DTI and its subsidiary agencies are involved in promoting economic development, Black Economic Empowerment, implementing commercial law, promoting and regulating international trade, and consumer protection.

To increase industrial competitiveness and to broaden the participation of enterprises in the economy, the DTI provides financial support to qualifying companies in various sectors of the economy. Financial support is offered for various economic activities, including manufacturing, business competitiveness, export development and market access. For more information Visit the DTI website.

4. Industrial Development Corporation (IDC)

The IDC was established in 1940 and is a self-financing, state-owned national development finance institution. Their primary objectives are to contribute to the generation of balanced, sustainable economic growth in Africa and to the economic empowerment of the South African population, thereby promoting the economic prosperity of all citizens.

The IDC achieves this by promoting entrepreneurship through the building of competitive industries and enterprises based on sound business principles. Supporting industrial development capacity and promoting entrepreneurship are therefore key objectives of the IDC. The IDC funds start-up and existing businesses up to a maximum of R1 billion.

5. National Empowerment Find (NEF)

The National Empowerment Fund (NEF) is a driver and thought leader in promoting and facilitating black economic participation by providing financial and non-financial support to black empowered businesses and promoting a culture of savings and investment among black people.

The NEF’s role is to support Broad-Based Black Economic Empowerment (BB-BEE). It provides business loans from R250 000 to R75 million across all industry sectors, for start-ups, expansion and equity acquisition purposes.

6. Small Enterprise Finance Agency

Small Enterprise Finance Agency, commonly known as SEFA, was established in 2012 as a result of the merger of South African Micro Apex Fund, Khula Enterprise Finance Ltd and the small business activities of IDC.

SEFA‘s mandate is to foster the establishment, survival and growth of SMMEs and contribute towards poverty alleviation and job creation. These are loans that SEFA provides directly to Small and Medium sized Enterprises as well as co-operatives operating in all sectors of the economy. The facilities range from a minimum of R50 000 to a maximum of R5 million.

6. Technology Innovation Agency

The Technology Innovation Agency (TIA) was established in 2008 with the objective of stimulating technological innovation to improve economic growth by developing and exploiting technological innovations, and thus improving the quality of life for all South Africans.

TIA’s core business objective is to support the development and commercialization of competitive technology-based services and products. The Agency primarily uses South Africa’s science and technology base to develop new industries, create sustainable jobs and help diversify the economy. It seeks to support technological ideas moving along the technology innovation value chain, reducing risk and increasing the likelihood that products and services will enter social and economic markets.

Within this context, the TIA will provide funding, and other support, to persons developing and commercialising technologies, including start-ups, small and medium-sized enterprises, large private companies.

It provides financial and non-financial support to its stakeholders, typically Science Councils, Public Entities, Higher Education Institutions, private research institutions and entrepreneurs. It invests primarily in the following sectors Advanced Manufacturing, Agriculture, Industrial Biotechnology, Health, Mining, Energy and ICT.

Continue Reading
Click to comment


Is the Eko Atlantic New City Of Nigeria Africa’s Dubai?



Photos from

Nigeria is on a path to build a city first of its kind in Africa. Dazzling with beauty the work of super architecture and the power of visualization. I came across the images for the intended design of a city currently being built on the coastal lands of Lagos, “The Eko Atlantic”.

The Eko Atlantic City EAC project is a coastal city being built on Victoria Island adjacent to Lagos and has become a focal post for investors. The project started in 2006 as just a vision and work of 3D graphic simulation presenting the look of “Dubai Style” Architecture.

At the moment, the drainage and road channels have been laid. We also see some tall skyscrapers being constructed with state of the art design. Looking at the artist impression of the plan, it is not hard to tell that this will be the most beautiful City to ever been created in Africa.

The city stands on 10 million square meters of land and is protected by 8.5 km long sea wall. ko Atlantic will be the size of Manhattan’s skyscraper district. Self-sufficient and sustainable, it includes state-of-the-art urban design, its own power generation, clean water, advanced telecommunications, spacious roads, and tree-lined streets.

The project also presents an investment opportunity for those who would want to own buildings in Eko Atlantic City.

Continue Reading


If you bought Bitcoins instead of 1 Vuvuzela for R200 you would be sitting with over R2.7m today!



In 2010 one single Bitcoin was worth R1.77 and you remember that was the time the world was preparing and watching the 2010 World Cup in South Africa.

If you had known about and bought Bitcoin only for R200 in 2010 you would have made over 2.7 million Rands in profit with its Price today being R145 000 per bitcoin. Bitcoin has been the best performing asset in this era with people turning out to be millionaires overnight. The price of Bitcoin keeps rising because of a simple rule of demand and supply. There is a definite number of bitcoins that can ever be produced and the number is a little as 21 Million.

As Bitcoin is growing in popularity many people would want to buy and use Bitcoin driving its price even higher. Experts are predicting Bitcoin to be around US$100 000 (Over R1.4m) by the end of 2020 and considering its price today, this would be a great profit for those who can take action and buy it.

One of the facts so hard to swallow is the fact that there have been several chances where people could have bought Bitcoin when it was very cheap but the sad truth is the opportunity to buy Bitcoin at a very low price is rapidly drifting away. Every passing day, the opportunity for an average person to won Bitcoin is getting slimmer.

However, there is still a chance to accumulate bitcoins without having to use a lot of money to buy it. Bitcoin cloud mining is an opportunity to accumulate bitcoins by the process called mining. Mining bitcoin has advantages over buying it by the fact that mining multiplies your bitcoins and has a low start-up cost. There are several mining companies you can mine with but finding one that is profitable and at the same time legit and verifiable can be difficult.


Continue Reading