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Young entrepreneurs given a boost toward a bright future<p>​Good evening, goeiedag, molweni, as-salaamu ailaykum, shalom, namaste </p><p>Thank you for being here this evening to celebrate a wonderful initiative.  </p><p>#YouthStartCT is an initiative I am immensely proud of because it brings together bright young minds who are bold and determined to succeed. </p><p>This initiative is a firm example of our efforts to uplift communities from poverty by empowering our young leaders. </p><p>I have no doubt that all of you sitting here tonight have what it takes to take our beautiful country forward and you have started the journey toward shaping your own destiny. </p><p>In its latest quarterly labour force report, Statistics SA says and I quote, “The South African youth are still vulnerable in the labour market”.</p><p>The figures supporting that report are very distressing to read. That is an indictment on all of us as a nation and it should be a call to action to ensure that we invest in our young people.</p><p>It’s up to all of us, as government, the private sector and residents, to bring to the table to innovative solutions that will see the reduction of the unemployment rate, especially among young people. </p><p>In this regard the City’s goal in our Organisational Development and Transformation Plan is to promote economic inclusion and one way is to empower young people with the tools and skills they need to carry out this huge task ahead of them.  </p><p>The City’s approach to youth development is multifaceted, taking into account the many challenges facing the youth. These include projects focusing on:</p><ul><li><div style="text-align:left;">providing life skills </div></li><li><div style="text-align:left;">providing work and employment readiness skills </div></li><li><div style="text-align:left;">building the capacity of youth formations </div></li><li><div style="text-align:left;">raising awareness on topical issues that affect the youth</div></li></ul><p>#YouthStartCT 2018 is one of the programmes that the City is using to grow the development of young people in Cape Town.<br>The first two years of this initiative have proven that YouthStartCT helps to stimulate entrepreneurship among young people.</p><p>Last year, we saw 100 young people work hard in this programme and we know that many of them will go far to become some of the best independent business minds in this country. </p><p>I was so inspired by last year’s winner, Yandisa Langa, who started farming at his home in Fish Hoek. </p><p>Yandisa is a determined young man whose hard work soon reaped rewards when he started supplying vegetables to large retailers such as Pick n Pay and Food Lovers’ Market. </p><p>I am told that his business is growing each day as he is now also supplying his products to six restaurants and individual households who place orders with his company.</p><p>This programme has shown us that young people don’t want to be spoon-fed. They want opportunities to prove themselves and to help uplift themselves, their families, and their communities. </p><p>#YouthStart is about providing a platform for the abundance of creative business ideas our young people possess. By growing their businesses and employing more people, young entrepreneurs can also help other young people break free from the shackles of unemployment and hopelessness. </p><p>As we all know young people between the ages of 18 and 35 were encouraged to submit their existing businesses which currently create employment opportunities for youth, or a business idea which plans to include employment opportunities for young people.</p><p>The competition is an accelerator programme for start-up entrepreneurs and the overarching aim is to contribute to skills development, innovation, and the development of entrepreneurship in Cape Town.<br>As I said earlier, this is not a task government can tackle on its own. </p><p>We are very grateful that for another year, our partners from the private sector and institutions are here to assist us to change the odds and to transform the lives of young people in Cape Town.</p><p>The Top 100 finalists who are here with us tonight will all receive business and entrepreneurial training. </p><p>ABSA bank is offering access to their ‘Ready-to-Work’ programme to all Top 100 Youth. This will go hand-in-hand with the Business Development Support training.</p><p>The Small Enterprise Development Agency (Seda) will also provide the Top 100 achievers with the following customised non-financial services: </p><ul><li><div style="text-align:left;">business diagnosis analysis</div></li><li><div style="text-align:left;">management system implementation</div></li><li><div style="text-align:left;">joint venture and business-to-business facilitation</div></li><li><div style="text-align:left;">facilitation of the registration of new business entities</div></li><li><div style="text-align:left;">drafting business plans</div></li></ul><p>I would like to thank all the young people participating in the initiative for being an inspiration to other youth in your communities. </p><p>I want them to use that same tenacity and work ethic in the demanding training over the next four weeks.  </p><p>Many people, including myself and those who shortlisted the 100 young people saw something in them and believe that they have what it takes to make it.</p><p>Win or lose, this programme is about making our youth stronger in business so that they can continue serving their communities and this wonderful country.</p><p>I want to wish the 100 finalists the best for the training and I look forward to seeing the Top 10 and the Top 3 at the awards ceremony in June 2018. </p><p><br><strong>End</strong></p>2018-05-21T22:00:00ZGP0|#1d539e44-7c8c-4646-887d-386dc1d95d70;L0|#01d539e44-7c8c-4646-887d-386dc1d95d70|City news;GTSet|#62efe227-07aa-45e7-944c-ceebacca891d;GP0|#904f8ac3-ad18-4896-a9a8-86feb1d4a1b7;L0|#0904f8ac3-ad18-4896-a9a8-86feb1d4a1b7|StatementsGP0|#5ee99e0f-4d7a-4e4d-b113-662d520eca07;L0|#05ee99e0f-4d7a-4e4d-b113-662d520eca07|Youth developement programme;GTSet|#2e3de6c1-9951-4747-8f53-470629a399bb;GP0|#40b767e7-bd30-4256-b01a-0deec96a62b2;L0|#040b767e7-bd30-4256-b01a-0deec96a62b2|youth;GP0|#6f3140d5-0d8d-4990-b076-310b97c3268c;L0|#06f3140d5-0d8d-4990-b076-310b97c3268c|training1

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