Youth Entrepreneurship Campaign 2010 18 SEPTEMBER 2006

1. Youth Entrepreneurship Campaign201018 SEPTEMBER2006

2. Outline • About the campaign • Current situation • Objectives of the campaign • Pillars of the campaign • Partners in the campaign • Key outcomes in campaign • Next steps

3. Current situation • Entrepreneurship activity amongst SA youth is low as compared to other developing countries • There are major obstacles that contribute to this and the campaign will address these • South Africa has the will and means to achieve the objectives of the campaign • Financial services industry – but requires transformation • Certain programmes that are in place • Progressive government which is pro-development

4. Objectives of the campaign • Increase Total Entrepreneurship Activity (TEA) and thus, SA’s ranking amongst developing countries • To be Number 1 by 2010 in terms of TEA • Address factors that hamper new entrants and growth of existing entrepreneurs • Contribute towards the millennium development goal of halving unemployment by 2014 • Youth will contribute at least 50% towards attainment of the goal

5. Pillars of the campaign Entrepreneurship Awareness, Education and skills training Access to Finance, Procurement and Business Support Legislation, Regulation and Policy

6. Pillars of the campaign • Entrepreneurship Awareness, Education & Skills Training • Entrepreneurship education, awareness raising, skills in SMMEs • Access to Finance, Procurement and Business Support • Access to Finance, Business Development Support, access to procurement opportunities, SMME directory • Legislation, Regulation and Policy • Youth SMME strategy, SARS review, dti processes (CIPRO)

7. A partnership • Key partners are: • Founding partners: • Nafcoc Youth, SA Youth Chamber of Commerce, SA Youth Chamber of Mining, Umsobomvu Youth Fund, and Commercial Agricultural Youth Chamber. • Academics • Relevant government departments, Metros and parastatals • Private sector initiatives aligned to objectives of the campaign • Media partners • Provincial Task Teams

8. Target Group for the Campaign • Young women • Young men • Young women with disabilities • Young men with disabilities

9. Key Activities of the Campaign • Youth Entrepreneurship Research • Stakeholder Mobilisation • Media Campaign • Provincial Roadshows • Resource Mobilisation

10. Key Outcomes of the Campaign • South Africa’s entrepreneurship ranking to be number One by 2010 • Increased economic participation of young people • 20% of all procurement opportunities awarded to young entrepreneurs • 30% of all 2010 World Cup opportunities awarded to young people prior, during and post the event • Increased support for the Campaign by relevant stakeholders in public and private sector

11. Key Products and Next Steps • Get formal agreements from stakeholders • Develop database of young entrepreneurs • Youth Entrepreneurship Awards & Competition • Establishment of Mentor-Net • Smart Start Roadshow • Media Campaign, e.g. Radio, TV, Print

12. Thank You!!!