The Amabhubesi Youth Development & Entrepreneurship Conference is being held on 25 and 26 September at Montecasino in Fourways, Johannesburg.
The conference has a twofold approach:
- Focusing on Youth Development to increase employability by 2020
- Encouraging and developing youth entrepreneurship to stimulate economic growth.
Despite its crucial role in growing the economy and employment, entrepreneurship is rarely considered from a youth point of view. The result is that the potential benefits of youth entrepreneurship for improving livelihoods, expanding the economy and promoting jobs, have not been fully realised.
The National Youth Development Agency has been mandated to focus on the issue of youth unemployment, to support skills development and create mechanisms to encourage youth employability.
Entrepreneurship as a priority
The first priority is growing entrepreneurship. Self-employment and entrepreneurship are described as “challenging strategies” fraught with “a variety of barriers,” including lack of appropriate education, limited access to capital, lack of social networks, lack of support from corporate SA; which hinders entrepreneurship becoming a solution to youth unemployment.
The National Youth Policy calls for a multi-sectoral approach involving stakeholders in the public sector, civil society and the private sector, where all these key role players work together in promoting youth development.
- DTI – the DTI’s youth enterprise development strategy: 2012 – 2022
- NYDA – Gauteng youth employability strategy
- ABSA – Small Business in SA: a pillar of the economy
- Standard Bank – Entrepreneurship in agriculture
- SEDA – The role of entrepreneurship in SA
- Productivity SA – Keys to ensure maximum impact for entrepreneurial development in SA
- Global Entrepreneurship Monitor – A global perspective, where SA stands
New Application Round For Growth Fund: SA SMEs Can Apply For Grant Funding By 29 June 2018
A new application round has opened for the R12.8million Growth Fund to boost SME growth and job creation.
The Growth Fund is a grant fund specifically for growing South African small businesses who need a cash injection to scale up further and create jobs.
The Growth Fund is managed by CDI Capital, which was incorporated as a CDI subsidiary in 2016 to catalyse funding for SMEs. The funding has been enabled through contributions by the National Treasury’s Jobs Fund, the Technology Innovation Agency (TIA), and the Western Cape Department of Economic Development and Tourism (DEDAT).
The Growth Fund is open to South African-owned businesses who operate within South Africa, who are at least one year old with turnover or assets above R1m.
Each applicant must demonstrate their year on year growth and/or the potential for sufficient growth and must be tax compliant. Applicants also need to match 20% of the contribution of the Fund through a cash contribution to achieve agreed objectives. Importantly, the business must be able to create new jobs.
SMEs that meet the criteria for funding, can apply online, and are taken through a diligent process of selection and support, whereby successful applicants contract for a three-year intervention and disbursement plan, performance managed by quarterly reporting, oversight and inspection, bespoke mentorship, and business development support.
Respected as one of most successful and longest-standing SME development organisations in SA, CDI provides support to over 4 300 SMEs who in turn create over 11 100 jobs or income-generating opportunities. In its first funding round (2012 – 2015), the CDI exceeded targets, creating 464 jobs in 45 businesses. Participating SMEs grew their combined annual revenue by 73% over the three years.
Funding is limited to the first 60 approved applicants. The application deadline is 29 June 2018.
For more information and to apply, visit www.cdicapital.co.za/GrowthFund
The 10 Best Cities For Freelancers In 2018
According to extensive research done by Hoofdkraan.nl Prague is the best place to live as a freelancer in 2018 and 7 out of 10 of the best cities for freelancers are located in Europe.
Most European freelancers already knew, but there is absolutely no need to go all the way to Thailand or Indonesia to flourish as a digital nomad. According to extensive research done by Hoofdkraan.nl Prague is the best place to live as a freelancer in 2018 and 7 out of 10 of the best cities for freelancers are located in Europe.
Prague at the top of the freelance list
Prague: Home to the best beer in the world and a destination with many hidden gems. You have to be around for a little while to discover them all, so why not stay? Work a little, wander a little, experience the friendliness, whatever gender you are or prefer, and pick one of the many flexible work spaces or cafes the city has to offer.
There’s more than a few reasons Prague is at the top of our list and our research was thorough. We included 117 cities and looked at 23 factors that are generally important for freelancers. Prague ranks highest when it comes to value for money, beer prizes, fast internet and nightlife. Life and work doesn’t get much better.
Hard to beat the Mediterranean
When we look at our top 10 – Spain and Portugal stand out. With Sevilla, Las Palmas, Porto and Lisbon amongst the best cities for freelancers there’s no other conclusion possible: We like some warm weather with our freelance freedom.
It also doesn’t hurt beer is cheap (except for the steep island prices in Las Palmas) and quality of life is valued high. Besides that, Portugal and Spain are safe countries with good resources and facilities. The only stress we can imagine comes from deadlines (yes we were still talking about the best places to work).
- Prague, Czech Republic – Cheap, best beer, friendly to visitors
- Sevilla, Spain – Great weather, fast internet, good quality of life
- Lisbon, Portugal – Great weather, safe, close to the beach
- Miami, USA – Great beach life, excellent weather and good WiFi
- Bratislava, Slovakia – Cheap, fast internet, low tax
- Berlin, Germany – Cheap and plenty of beer, big variety of work spots
- Vancouver, Canada – Close to nature, peaceful, freedom of speech
- Porto, Portugal – Great quality of life, nice weather, close to the beach
- Las Palmas, Spain – Island life, lots of nature, warm weather
- New Orleans, USA – Great nightlife, fast internet, good quality of life.
These 10 cities have in common that they are all in (relatively) safe countries, there is peace and freedom of speech. Next to that they have stable electricity and fast (above 10 MB) and reliable internet. The life quality is for all above 8, except for Bratislava that has been given a life quality of 7,6.
Asian cities fall outside top 10
Only three cities in our top 10 are outside Europe. With Vancouver, New Orleans and Miami located in North America, there’s a big continent missing from the top of our rankings: Asia. Well-respected digital nomad destinations like Bangkok (20), Chiang Mai (53) and Bali (Ubud, 68) rank lower in our research because of low scores on cleanliness, safety, freedom of speech and quality of coffee.
Cities to avoid as a freelancer
You might want to steer off the beaten path a little bit, but there are a few places you should most definitely avoid at all times. Lagos, Nigeria for example ranks lowest on our list. You were perhaps not thinking of Nigeria in the first place because of pirates, Boko Haram or the other violence you read about in the newspapers, but there are no facilities for freelancers altogether.
The majority of the bottom 10 cities, including Dhaka (Bangladesh), La Paz (Bolivia), Manila (Philippines), Saint Petersburg (Russia), Jakarta (Indonesia), Beijing (China), Dar es Salaam (Tanzania), Nairobi (Kenya) and Kathmandu (Nepal) are cheap to live, but unsafe and dirty, the internet is slow and the electricity unreliable. Freedom of speech and an open mind towards females or gays are problematic as well.
Have a look at the complete list: https://www.hoofdkraan.nl/blog/the-10-best-cities-for-freelancers-in-2018/136
Fun facts on Columbia and Thailand
Medellin, the second largest city in Colombia is still dangling down the bottom of our list this year (103), but could possibly be a lot higher next year. The city was recently named ‘World’s most innovative city’ and internet speed and work spaces are improving rapidly. They also do have good coffee in Thailand. With € 425 per pound The Black Ivory Coffee Company is just a little expensive. They give Arabia Beans to elephants and the elephant dung is then roasted and processed into coffee.
Entrepreneurship In The Green Economy – Calling All Innovators
The water crisis in South Africa has been creeping up on us for years…but it can provide opportunities for entrepreneurial zeal.
Cape Town’s dire water crisis, after a three-year long drought fortunately averted by the recent rains, serves as a warning for the rest of South Africa. Johannesburg could face a similar crisis in the future, should its rainfall decrease for a few successive years. Tree-huggers have been warning us of this for years and have proposed solutions, but they can’t do it alone; business sector resources are needed to help solve these issues.
What most of us do is watch apprehensively as the water levels in dams drop, take shorter showers, set up grey water systems, grow water-wise gardens, wash our cars with buckets of water and imagine how we might survive a day zero. There are tangible things we can do to head off disaster – like finding innovative business solutions to environmental challenges.
For the past decade Avocado Vision’s Enterprise Development has supported the setup and operation of micro enterprises across South Africa with its Supplier and Enterprise development programmes which focus on equipping small, low-turnover businesses with business insights and acumen which enables them to become more sustainable and creating consistent and recurring incomes.
With Avocado Vision’s new business segment, the Green Business Value Chain unit, we aim to unlock the potential of developing micro and small business, with a focus on finding solutions to enhance employment, small business development, and job security in the environmental sector, particularly where efforts to influence water security and reduce alien invasive species are key outcomes.
Alien invasive species, typically from other countries, with no local natural enemies, growing unchecked in their millions, consume between 3% and 6% of South Africa’s useable water. They’re a very real threat to river and dam water levels – what we need to do is build a commercial demand for alien invasive plant biomass which will reduce the spread of alien plants, inject more money into sustaining the invasive-clearing activities and get businesses of all sizes involved.
Big business becomes the catalyst by creating the demand – the middle-sized entrepreneurs arrange new solutions to meet the demand, and small businesses link into the supply chains with invasive-clearing activities and meet the demand for the biomass material.
Right now we’re drowning in single-use plastic products – plastic straws, cutlery, lids (for the millions of cups of takeaway coffee) and polystyrene packaging for food, being a few. Currently no-one in South Africa is manufacturing bio-degradable alternatives – here is a perfect opportunity for entrepreneurial innovation to switch to using invasive biomass as raw material. Entrepreneurs are often the ones who hit on social problems and invent business solutions to solve them; the plethora of wild biomass can support decades of production, and it provides a solution to water security in our country.
Calling all innovative entrepreneurs – if you feel inspired to create something brilliant, check in with the Green Business Value Chain team at Avocado Vision, we’ll connect you to the support you need to make magic happen.
Start-up Industry Specific2 months ago
How Do I Start A Transport Or Logistics Business?
Snapshots9 years ago
Habari Media: Adrian Hewlett
Snapshots2 months ago
27 Of The Richest People In South Africa
Types of Businesses to Start2 months ago
11 Uniquely South African Business Ideas
Entrepreneur Profiles2 months ago
10 SA Entrepreneurs Who Built Their Businesses From Nothing
Support for Women Entrepreneurs2 months ago
10 Successful SA Women Entrepreneurs’ Top Advice On Balancing Work And Family
Types of Businesses to Start2 months ago
10 Business Ideas Ready To Launch!
Lessons Learnt2 months ago
6 Of The Most Profitable Small Businesses In South Africa