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South Africa Government

01/29/2019 | Press release | Distributed by Public on 01/29/2019 09:18

Acting Premier Sihle Zikalala launches KwaZulu-Natal Youth Fund, 31 Jan

In a first of its kind, the Youth Directorates of both the Premier's Office and the KwaZulu-Natal Department of Economic Development, Tourism and Environmental Affairs will launch the KZN Youth Fund.

KwaZulu-Natal Acting Premier Mr Sihle Zikalala will officially launch the KZN Youth Fund following a comprehensive research, by the respective Youth Directorates, that identified a huge gap youth business financial aid.

The fund aims to assist deserving young people to kick-start their business ventures, fund new innovative business ideas and to expand young people's existing businesses without the red tape associated with the traditional ways of accessing funding. The KZN Youth Fund will bridge this gap by expediting the funding process especially to those businesses in the rural areas.

The Fund also received the nod from the Provincial Cabinet after passing through stringent scrutiny.

KZN Youth Fund will be launched on Thursday. All provincial municipalities, their Youth Desks, provincial youth formations and captains of industries will be part of this massive launch.

Members of the media are invited to cover, report and reflect on this event whose details are as follow:

Date: 31 January 2019
Time: 9h00
Venue: Department of Public Works, Mayville, Durban

Transport for will be available for those journalists that need it from Playhouse at 8am.

For more information contact:
Nathi Olifant
Cell: 072 292 2502

Cecil Msomi
Cell: 082 317 3727

Bongani Tembe
Cell: 082 327 2600