Young people who want to become entrepreneurs and own a small business must take advantage of the government’s offer to start incubators to identify business projects which will be evenly rolled out throughout the country.
The incubators will also generate new jobs and new revenue streams which will be accessible to all prospective entrepreneurs. Hendricks was given the undertaking by the Acting Director General from the Department of Small Business Development (DSBD) during a Virtual Meeting on Small Business Development. Hendricks also who serves on the Portfolio Committee on Small Business Development (SBD).
The government is depending on businesses to establish the infrastructure and they will assist with training, provide low interest rates, loans and free grants. Aljama-ah is calling on youth in the Cape Flats and other areas in SOUTH AFRICA who want to become entrepreneurs to make use of the opportunities. Asghar Khan from Umzinto Municipality in KZN will provide oversight for this project.
We are also targeting aspiring entrepreneurs with sensory or physical disabilities, women and young males under 29 years. Those older than 29, can enter into a partnership with those who qualify for the loan and grant.But the business must create at least 10 employment opportunities for those living in these areas. The entrepreneurs will receive a head start of R2.5 million loan and a grant to the same amount as the loan.
The schemes are in place for the following initiatives:
- 2 500 Auto Fitment Centre
- 10 000 Mechanics and Panel Beaters
- 2000 Bakeries and Confectioners
- 100 000 Spaza Shops
Those who wish to apply can contact the Al Jama-ah hotline on:
Tel: 021-224 40766 or email: [email protected]