The Office of the Premier in Mpumalanga has extended the deadline for young entrepreneurs to apply for the roll out of the 2023 Mpumalanga Youth Development Fund (MYDF).
The fund is aimed at assisting deserving young people, aged 18-35 years, from Mpumalanga to kick-start and or expand their business ventures. The call for applications will close on 17 March.
Premier Refilwe Mtshweni-Tsipane announced the new deadline during last week’s State of the Province Address (SOPA).
“We intend to set aside at least 30% of funding for applications coming from the designated applicants, particularly people with disabilities from the rural areas,” she said.
Since its inception, the project has empowered 97 youth-owned businesses across the province and funding to the tune of R140 million was allocated to them.
“In the current financial year, 36 companies have been approved for funding, with a total amount of R92.3 million disbursed thus far. The ownership of these companies comprises 60 males, 45 females and five youth with disabilities.
“These youth-owned enterprises are within sectors that are inclusive of mining, agriculture, manufacturing, transport and logistics,” Mtshweni-Tsipane said.
The MYDF has entered the third year of its three-year piloting phase, which serves deserving and qualifying 100% youth-owned entities.
Potential candidates should ensure that application forms are of a sound business plan accompanied by the following returnable documents:
- Certified ID Copy.
- Curriculum Vitae (with supporting documents of qualifications).
- Proof of Residence.
- Company Registration Documents.
- Valid SARS Tax Pin.
- BEE certificate (CIPC or Sworn Affidavit).
- Proof of active business bank account.
- Proof of market / offtake agreements.
Applications should be submitted in a form, which is accessible on www.mpumalanga.gov.za.
Enquiries should be directed to Mr. SB Ntandane: 013 766 2108/2006 or via email MYDF@mpg.gov.za.
Applicants should note the following:
- Faxed or emailed applications will not be accepted.
- Beneficiaries of the MYDF are not encouraged to re-apply.
- Late applications will not be considered.
- Youth with disabilities are encouraged to apply.
Applications should be forwarded to the Manager – Youth Development, for the attention of Mr. SB Ntandane, Private Bag X11291, Mbombela, 1200.
Physical address: Office of the Premier, Makhonjwa Building, First Floor, Riverside Park, Government Boulevard, Mbombela. – SAnews.gov.za
