The aim of the Competition Awards is to provide national recognition to aspirant young entrepreneurs, existing youth-owned enterprises and individual entrepreneurs with the aim of promoting entrepreneurship among the youth in South Africa.
The Department of Small Business Development is delighted to introduce to the public the Youth Enterprise Development Strategy (YEDS). South Africa is faced with the challenge of limited and poor participation of young people in the economy.
The 2021/22 financial year saw the recovery of the South African economy after the devastation of Coronavirus Disease 2019 (COVID-19). Following the economic contraction of 6.4% in 2020, the economy recovered well in 2021, growing at 4.9%. However, this recovery has not been sustained with renewed global volatility associated with the War in Ukraine.
We are just coming out of what has turned out to be our deepest and most protracted recession. Our economy contracted by 6.4% in 2020. Further, as at June 2021 1.5 million jobs were shed. The South African government implemented a R500 billion package of economic relief aimed at mitigating the worst effects of the Coronavirus disease (COVID-19) pandemic.
Through the SheTradesZA platform, selected women-owned businesses and corporations will benefit from a wide range of opportunities.
The 2021/22 Annual Performance Plan of the Department for Small Business Development (DSBD) was developed with the objectives of achieving the targets set-out in the National Development Plan (NDP, the Medium Term Strategic Framework (MTSF), and the Economic Reconstruction and Recovery Plan of South Africa.
The 2021/22 Annual Performance Plan of the Department for Small Business Development (DSBD) was developed with the objectives of achieving the targets set-out in the National Development Plan (NDP, the Medium Term Strategic Framework (MTSF), and the Economic Reconstruction and Recovery Plan of South Africa.
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