Umsobomvu Youth Fund Presentation to Portfolio Committee on
Umsobomvu Youth Fund Presentation to Portfolio Committee on Labour 17 March 2006
Outline of the presentation p The UYF team p UYF Products and Services p Recap of our previous presentation n n Challenges p Consolidation of audited financials p Access to UYF services – especially rural areas Envisaged Plans for 2006 p State of the Nation Address Programme of Action p Approved plans for 2006/7
The UYF Team p Mr M Kekana – Chief Executive Officer p Ms J Law – Chief Finance Officer p Mr M Ntlangeni – Director – Process Cycle Management
UYF Products & Services p Contact Information & Counselling: n p p p Counselling, Advice and Referral Information Skills Development & Transfer n Training (Graduate Development, Supplier Development, Cooperatives Development, and Entrepreneurship Education) n Skills Programmes Project Management Support Service Business Development Support: n Business Consulting Service (Voucher Programme); n Volunteer Mentorship Service n Job and Opportunities Seekers Support Service (“Graduates Dbase”) n Business Opportunities Support Service Enterprise Finance n Micro loans – R 1000 to R 100 000 n Small loans – R 100 001 to R 500 000 n Medium loans – R 500 000 to R 8 million
UYF Products & Services (CIC) p p p Content Development and Management; Provision of Counselling, Advice and Referral Information; Management of the following channels to provide the Counselling, Advice and Referral Information: n n n Mobile Youth Advisory Centres; The Youth Card; The Call Centre; The Internet Portal; Other electronic communication platforms (e-business) including the Mindset Channel.
UYF Products & Services (SD&T) p Graduate Development Training (provides life &professional skills [including drivers licence, writing & communication skills, computer literacy, etc] to graduates to enhance their employability). p Utilise existing project management capacity to continue provide coordination & project management capacity for: n National Youth Service Programme; n FET Colleges Training programme; n Unused Training Facilities programme (to open facilities that have been closed but can be availed for the training of unemployed youth e. g. old mining towns, teachers colleges, etc); and n Those skills programmes that arise from ASGI-SA
Challenges p Consolidation of Audited Financial Statements n GAAP requires application of AC 132 which stipulates the consolidation of underlying investments due to control (why control by UYF? ). n Materiality level of UYF set at R 700 000 due to small amount of assets under control and amount lent as at year end n To Address: p Adopting International Financial Reporting Standards (fair value reporting i. s. o consolidation)- IAS 28
Challenges p Access to UYF services n n p Issue is about scale Growth limited due to unavailability of viable service providers in rural areas. Therefore, growth dictated by presence of Service Providers To address: n n Propose to set up UYF outlets Outlets will also facilitate integration of services
Plans 2005 -2006 (highlights) p Support government’s 6% growth target focusing especially on the second economy (ASGI-SA) p Skills development & transfer n n Supporting more FET Colleges Support project consolidate (DBSA/ Dept of Provincial & Local govt. ) Launch the Graduate Development Programme (Social Capital for the unemployed graduate) Implement Service Programmes along volunteer lines – e. g. teaching Maths and English, caring for orphans or child headed households
Plans 2005 - 2006 (highlights) p Business Development Support n Expand the Entrepreneurship Education project to more schools and provinces n Increase Entrepreneurship Education for out-of-school youth n Launch the Mentorship voucher product & reinstatement of the company registration voucher n Launch the Business Opportunities Support Service (linking youth to business opportunities)
Plans 2005 - 2006 (highlights) p p Enterprise Finance n Expand the Cooperative Programme both for production coops and savings coops n Franchise Cadet Programme (with Sanlam & Business Partners) n Training of loan officers (up to 500 to serve communities to improve access to finance) Implementation of pilot UYF outlets at least by March 2006 n Enable scaling up of UYF programmes; and n Integration of UYF services.
State of the Nation - POA p Registration of unemployed graduates completed and focus turns to finding employment opportunities. p As part of ASGI-SA to increase support to SMMEs with special focus on women and youth. Attention to ensure programmes are effective. p 100 New Youth Advisory Centres are to be established. p 10 000 youth to participate in the National Youth Service Programme & 5000 volunteers to be enlisted to provide mentoring support to vulnerable children. p Programmes aimed at skills development and business support of the youth will be closely monitored to ensure more support for the youth.
State of the Nation - POA p Registration of unemployed graduates completed and focus turns to finding employment opportunities. p As part of ASGI-SA to increase support to SMMEs with special focus on women and youth. Attention to ensure programmes are effective. p 100 New Youth Advisory Centres are to be established. p 10 000 youth to participate in the National Youth Service Programme & 5000 volunteers to be enlisted to provide mentoring support to vulnerable children. p Programmes aimed at skills development and business support of the youth will be closely monitored to ensure more support for the youth.
State of the Nation - POA p Registration of unemployed graduates completed and focus turns to finding employment opportunities. p As part of ASGI-SA to increase support to SMMEs with special focus on women and youth. Attention to ensure programmes are effective. p 100 New Youth Advisory Centres are to be established. p 10 000 youth to participate in the National Youth Service Programme & 5000 volunteers to be enlisted to provide mentoring support to vulnerable children. p Programmes aimed at skills development and business support of the youth will be closely monitored to ensure more support for the youth.
State of the Nation - POA Based on 5 yr review following changes were adopted: p Major focus to be on linking youth to viable opportunities and facilitating exit opportunities (in skills programmes) and supporting self-employment; p Increase focus on market linkages to promote partnerships with government and the private sector; p Implement UYF interventions as Products and Services as opposed to Programmes and foster more internal integration; p Intervene directly as UYF and overtime only retain Service Providers in some of the areas where necessary; p Dominate and lead the enterprise micro finance arena; p Support Accelerated Shared Growth Initiative of South Africa (ASGI-SA); p Utilising UYF’s expertise to assist other organisations (including government departments) to implement youth development programmes using their own resources.
Highlights 2006/7 p Contact Information & Counselling n n n p 53 Municipalities are to implement YAC points JOBS – implement programmes aimed at placing graduates by focusing e. g. BPO Industry & Tourism Launch of livelihood channel with Mindset Training n n Use of Unutilised Training Facilities (Research almost complete) Increased intake into National Youth Service Programme p n n Introduction of the Volunteer Youth Service Corps (Big Brothers Big Sisters SA launched) Graduate Development Programme Intake Use UYF model for defining & scaling up the Social Sector EPWP programmes (Community Home Based Care)
Highlights 2006/7 p p Business Development Support n Introduction of the Volunteer Mentorship Programme (with organised business formations) n Launch of Business Opportunity Support Service n Increased implementation of Youth-in-LED Enterprise Finance n Implementation of two Public Partnerships with provincial governments p Northern Cape Fund – R 15 million (for micro & small enterprises) p Free State Fund – R 10 million (for micro & small enterprises) n Potential participation in a Womens Empowerment Fund n Integration of micro finance entities & entering into a partnership with an International Player
Highlights 2006/7 p Support to ASGI-SA n p Framework developed Retail Network Management n Opening of the first UYF managed and operated Youth Advisory Centre
Thank You unleashing the potential of youth
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