In Q2 of 2021, SA recorded a 1,2% economic growth which comes from a -6,96% growth in 2020 and a 0,15% in 2019
South Africa has a growing youth population particularly in the urban areas;
Access to good Infrastructure
Availability of labor (unskilled, semiskilled and skilled labor)
Collective Experience and Capability in Designing and Delivering Social Economic Transformation Programs.
SA Challenges
Low economic growth
Education producing not-work-ready candidates
High unemployment levels amongst young people (formal 34,4% but informally may rate at 45%)
Very low (6%) transition rate from learning to earning
Low Total Entrepreneurial Activity (TEA) of 11% compared to other BRICS countries
Multiple social ills which lead to a low business confidence index and the inability to attract good investment
Using Development Programs as an enabler of
Youth empowerment
Woman enablement and empowerment
SMME enablement and empowerment
Reskilling and upskilling of human resources
Enterprise & Supplier Development Programme
ESD is a combination of Preferential Procurement, Supplier Diversity, Supplier Development and
Enterprise Development programs to service business needs. This process includes proactive business process of sourcing products and services from previously disadvantaged suppliers.
In response to both local calls for more inclusion and diversity in the market, NKPI and WOVSA Social Enterprise initiated an Ecosystem ESD incubator programme through collaboration with key stakeholders The aim is to ensure that the black-owned SMMEs / Co-operatives especially women and youth participate in the industries supply chain and in the wider economy. The Incubator runs the following programmes;
Small Enterprise/Co-ops Formation Programme: This is designed for aspired young entrepreneurs who desire to venture into the business world;
Industrialisation Programme: The programme is designed for existing small enterprises & co-ops that are struggling to grow and unable to sustain their businesses;
Accelerator Programme: The programme is designed for well established businesses that need to grow and expand locally and international.
As part of our ESD implementation plan, NKPI and WOVSA will be ESD and Entrepreneurship events within various provinces.