Umsobomvu Youth Fund Annual Report 2006 - Nyda

chiefexecutive’sreport• Youth Entrepreneurship – BusinessDevelopment Support – BDS is aimedat providing non-financial businesssupport to young entrepreneurs andenterprises. The interventions are asUYF approachInterventionsTarget marketsSustainable livelihoodopportunitiesfollows:– Business Consulting Service (BusinessDevelopment Support Voucher Programme)– Business Opportunity Support Service– Volunteer Mentorship• Youth Entrepreneurship – EnterpriseFinance – Provides access to finance bylending and investing in youth-ownedenterprises. The following financeoptions are available:– Micro Loans – up to R50 000– Small Loans –R50 001 up to R500 000– Medium Loans R500 001 to R5 million• Opportunityidentification• Training• Support to accessopportunities• FinanceCATEGORY 3CATEGORY 2CATEGORY 1• Employment• Self-employment• Informal incomegeneratingopportunity• Information and Counselling – UYFprovides young people with informationthrough the service delivery channelit has developed. The information isin relation to career development,employment, entrepreneurship, citizenship,health and well-being.PRODUCTS & SERVICES• Skills Training• Youth Service• Graduate Dbase• Business Dev Support• Enterprise FinanceSERVICE DELIVERY CHANNELS• Youth Advisory Centre/ Points• Internet Portal• Call Centre• SA Youth Card• SPOsUmsobomvu Youth Fund 2006 Annual ReportService delivery channels forproducts and servicesThe UYF has developed the followingdelivery channels for its products andservices through which young people canaccess them:– Youth Advisory Centres and Points– Internet Portal (YouthPortal)– Call Centre (YouthConnect)– SA Youth Card– UYF Youth Magazine– Independent Service ProviderOrganisations (SPOs)Sustainable livelihoodopportunitiesOnce young people have accessed theinterventions through the various productsand services, they can attain sustainablelivelihoods. Sustainable livelihoodopportunities can be represented by oneof the following opportunities:– A full-time or part-time job in thelabour market– Self-employment through a business orco-operative created; and– An informal income-generatingopportunity.Therefore UYF’s approach to youth development is to provide key interventions throughits products and services delivered using various delivery channels in order for theyouth to acquire sustainable livelihood opportunities.Key developments for the year aheadUYF’s priorities for the year ahead are the following:• To increase its resources through the recapitalisation programme under way andto ensure it continues to play a meaningful role in the Accelerated Shared GrowthInitiative of South Africa;• To increase access to its products and services to the South African youth and thustake its programmes to scale;• To undergo the ISO 9000:2000 accreditation;• To continue to increase partnerships with local municipalities, Provincial and NationalGovernment departments, parastatals, SETAs and private companies to leverageresources for youth development;• To work with the Presidency and the National Youth Commission to increase the scaleof the National Youth Service Programme; and• To ensure the success of new products and services which were introduced in theyear under review.Mr Malose KekanaChief Executive Officer16