BUSINESS NEWS

NYDA to help small businesses affected by unrest two-weeks ago. But register now, applications close on Friday

The Youth Enterprise Rebuilding Fund will only cater for enterprises affected only in Gauteng and KwaZulu-Natal.

 The applications are now open and close on 30 July 2021, this Friday- so get applying by visiting NYDA website www.nyda.gov.za.

“The fund will exist alongside other forms of government support to business and jobs in these challenging times,” says NYDA CEO Wassem Carrim.  

“The NYDA encourages all young people who may have been displaced from employment because of the recent violence to apply for support from the Unemployment Insurance Fund.

Details can be found on https://ufiling.co.za/uif/ or through a Department of Employment and Labour Centre,” the agency said.

The NYDA has also welcomed the reimplementation of the monthly Social Relief of Distress Grant and its extension to caregivers, as well as the extension of the UIF Temporary Employer/Employee Relief Scheme (TERS) for sectors affected during Alert Level 4.

“The NYDA remains committed to supporting the Economic Recovery and Reconstruction Plan, which encompasses the Presidential Youth Employment Intervention, which was announced in SONA (State of the Nation Address) 2020 and reaffirmed on Youth Day 2021″.

“Addressing the youth unemployment crisis remains front and centre of the economic recovery plan,” says Carrim.

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