Government says the newly launched Peo Pele Youth Fund is designed to respond to the specific needs of young entrepreneurs struggling to access funding and business support.
Speaking during an interview at the launch in QwaQwa, Minister of Small Business Development Stella Tembisa Ndabeni says the fund comes at a time when youth unemployment remains a major challenge and many young people are looking to start businesses.
She says the R300 million fund will focus specifically on youth-owned businesses, with support structured according to the different stages of businesses, from start-ups to growing enterprises.
