Premier Mtshweni-Tsipane to meet PYDF’s beneficiaries in a breakfast session as part of the Youth Month celebration

23 June 2023

Mpumalanga Premier, Ms Refilwe Mtshweni-Tsipane will host a breakfast session to be attended by several beneficiaries of the Premier’s Youth Development Fund (PYDF). The session is part of the Provincial activities to mark the youth month.

Through the PYDF, the Mpumalanga Provincial Government procures the required assets and equipment on behalf of the youth-owned businesses, rather than transferring a cash amount direct to the beneficiaries. The procurement process is facilitated by the Mpumalanga Economic Growth Agency (MEGA).

Since the inception of the fund, 97 youth-owned businesses have received financial support to the tune of R140 million, drawn from a wide spectrum of sectors such as mining, manufacturing, retail, ICT, transport and logistics, health and fitness, and restaurants. The number of beneficiaries is expected to increase in the current financial year, as the Provincial Government has set aside a total budget of R114 million to support more youth-led business entities. At least 30 percent of this budget is earmarked for enterprises owned especially by the youth with disabilities.

The PYDF is part of the Provincial Government’s youth empowerment initiative, aimed at reducing the high unemployment youth rate in Mpumalanga. The Premier’s breakfast session will create a networking opportunity for the beneficiaries to share best practices.

The session has been planned as follows:

Date: Tuesday, 27 June 2023
Time: 10h00
Venue: Graceland Hotel & Casino, Secunda, Govan Mbeki Municipality

Media representatives are invited. For confirmations, kindly contact Ms Sibongile Mkani-Mpolweni (Premier’s Spokesperson) on 082 967 2138.

ENDS...


Issued by the Mpumalanga Provincial Government

Provincial Government’s Spokesperson: George Mthethwa
Tel: (013) 766 2242
Mobile: 083 302 2774
E-mail: gpmthethwa@mpg.gov.za