The National Youth Development Agency has taken the initiative to relief youth businesses in distress, through its newly launched Youth Micro Enterprise Relief Fund ( YMERF).
The fund is aimed at assisting youth-owned enterprises, which might not qualify for other funds. The agency says the fund will allow businesses to pay employees and relief businesses with lack of income and those waiting for other funding mechanisms.
“Funding will be capped at R10 000 for every qualifying business.”
For more information visit http://www.nyda.gov.za/
