NYDA - Malane Biz

Services

Who is NYDA

The NYDA is a South African-based agency established primarily to address challenges faced by the nation’s youth. The Agency was established by an Act of Parliament (Act 54 of 2008). The institution was established to be a single, unitary structure addressing youth development issues at National, Provincial and Local Government level. The Agency should be seen within the broad context of South Africa’s development dynamics.

Grant Programme

The NYDA Grant Programme is designed to provide young entrepreneurs with an opportunity to access both financial and non- financial business development support in order to enable them to establish or grow their businesses.

These are level of grants

Threshold 1
Idea generation and Survivalist
Grant: R 1 000 – R 10 000

Threshold 2
Start-ups, Pty and cooperatives
Grant: R 10 001 – R 50 000

Threshold 3
Growth stage Pty and cooperatives
Grant: R50,001 – R100,000

Threshold 4
Expansion stage Pty and cooperatives
Grant: R 100 001 – R 200 000

The NYDA grant can be used to cover startup costs, and also any of the following activities:

Purchase movable and immovable assets;
Bridging finance;
Shop renovations;
Working capital paid directly to the grantee;
Co-funding with legal entities only.

The NYDA does not fund businesses that require any of the following:

Funding for prototyping except for cell phone application development;
Seed capital for research and development;
Funding for patent registration;
Funding to purchase exclusive business/distribution rights.

Voucher Programme

The Voucher Programme is a business support programme aimed at assisting young entrepreneurs by providing one-on-one business development support to access quality business development services through NYDA approved business consultancy service providers thereby enhancing their participation in the mainstream economy.

These are type of business support services:

Due Diligence
Business Operations Manual
Marketing Strategy and Plan
Financial and Accounting System
Busiess Feasibility
Digital Skills Fasset University of Pretoria
Digital Skills Fasset UKZN

Business Registration
Business Management and
Financial Literacy
Website Development
Business Re-engineering
Financial Management (Accounts & Policies)

Payroll System
Business Plan
Digital Skills Fasset WITS
Digital Skills Fasset UFS
Mark
Omelemo Ntseone

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