THE NATIONAL ASSEMBLY
QUESTION FOR WRITTEN REPLY
2031. Mr M Hlengwa (IFP) to ask the Minister of Trade and Industry:
(a) How many young persons from rural areas have benefited from the
National Empowerment Fund (NEF) from 1 January 2012 to date and (b)
what is being done by his department to ensure that their businesses
are sustainable?
Response
NEF under the Rural and Community Development Fund has undertaken the
following transactions where the youth is empowered either being employed
or a shareholder
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Transaction
Amount (Mil)
# of people
Employed
Average Ages
Women %
Shareholding
Sustainability achieved through
Dihoai
R 8.40
25
30
50%
Experienced promoter supported
Rhino Ridge
R 20.50
94
32
60%
experienced promoter and management
company
Mohale Agri Co-op
R 13.20
68
31
60%
experienced promoter and an appointment
of a mentor
Ga Matlala Roof &
Tile
R 10.60
27
31
60%
assisted with regulatory requirements; i.e.
EIA and Water Rights
Amani Spa
R 5.00
74
30
100%
Well experienced promoters
R 84.50
483
31.50
61%
Berlin Beef
R 26.80
195
35
33%
Experienced promoter and assisted with
regulatory requirements, i.e. EIA