Twenty Youth-Owned Businesses in eThekwini Receive Financial Boost

by Selinda Phenyo
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Bussiness Start Up

By Phenyo Selinda

Durban – Twenty small and medium youth-owned businesses in eThekwini have each been awarded R10,000. This financial aid, distributed under the Youth in Business Programme, aims to foster growth and increase productivity among fledgling enterprises.

Nkosenhle Madlala, the Chairperson of eThekwini Municipality’s Governance and Human Capital Committee, spearheads this initiative. Madlala congratulated the beneficiaries and reaffirmed the Mayoral Youth Development Office’s commitment to aiding young entrepreneurs and nurturing their business aspirations.

“Our Youth Development Policy is more than just a directive; it represents our unwavering promise to nurture the aspirations of our youth and provide them with the essential tools for success,” Madlala elaborated. “The establishment of a youth fund remains a cornerstone of our youth development policy, serving as both a financial reservoir and a beacon of support.”

Madlala also highlighted that the youth fund plays a pivotal role in setting the municipality’s agenda for the coming year, ensuring alignment with the ever-evolving needs of young business owners.

Nokuthula Hlophe, Manager at the Mayoral Youth Development Office, emphasized the importance of forging and strengthening relations with sister cities to promote widespread youth development.

Sandile Mhlanga, one of the recipients of the funding, voiced his gratitude. “We appreciate what the municipality has done for our businesses. As business owners, we wish the programme well and hope it reaches even greater heights,” he said.

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