IDC to give R4.5bn to boost youth entrepreneurship

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
Geoffrey Qhena, IDC CEO
Geoffrey Qhena, IDC CEO

The Industrial Development Corporation (IDC) will be making available R4.5 billion over the next three years to help tackle the “ticking time bomb” that is youth unemployment.

IDC CEO Geoffrey Qhena has placed youth participation in the economy at the centre of the development finance institution’s strategies and actions.

“What is urgently needed is a concerted, sustained effort to create an environment that produces jobs, allows young people to acquire skills and allows them to branch out on their own through entrepreneurship,” he said.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Already a subscriber? Sign in


Read the digital editions of City Press here.
Read now
Voting Booth
Tourism Minister Lindiwe Sisulu’s comments on the Constitution and the judiciary has been termed an “extraordinary attack” that is “dangerous and regressive”. What are your thoughts?
Please select an option Oops! Something went wrong, please try again later.
She’s within her rights
10% - 52 votes
It’s all politics
26% - 129 votes
It was irresponsible
64% - 322 votes