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Umsobomvu Youth Fund

Umsobomvu Youth Fund. Presentation to Portfolio Committee on Labour 17 March 2006. Outline of the presentation. The UYF team UYF Products and Services Recap of our previous presentation Challenges Consolidation of audited financials Access to UYF services – especially rural areas

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Umsobomvu Youth Fund

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  1. Umsobomvu Youth Fund Presentation to Portfolio Committee on Labour 17 March 2006

  2. Outline of the presentation • The UYF team • UYF Products and Services • Recap of our previous presentation • Challenges • Consolidation of audited financials • Access to UYF services – especially rural areas • Envisaged Plans for 2006 • State of the Nation Address Programme of Action • Approved plans for 2006/7

  3. The UYF Team • Mr M Kekana – Chief Executive Officer • Ms J Law – Chief Finance Officer • Mr M Ntlangeni – Director – Process Cycle Management

  4. UYF Products & Services • Contact Information & Counselling: • Counselling, Advice and Referral Information • Skills Development & Transfer • Training (Graduate Development, Supplier Development, Cooperatives Development, and Entrepreneurship Education) • Skills Programmes Project Management Support Service • Business Development Support: • Business Consulting Service (Voucher Programme); • Volunteer Mentorship Service • Job and Opportunities Seekers Support Service (“Graduates Dbase”) • Business Opportunities Support Service • Enterprise Finance • Micro loans – R1000 to R100 000 • Small loans – R 100 001 to R500 000 • Medium loans – R500 000 to R8 million

  5. UYF Products & Services (CIC) • Content Development and Management; • Provision of Counselling, Advice and Referral Information; • Management of the following channels to provide the Counselling, Advice and Referral Information: • Mobile Youth Advisory Centres; • The Youth Card; • The Call Centre; • The Internet Portal; • Other electronic communication platforms (e-business) including the Mindset Channel.

  6. UYF Products & Services (SD&T) • Graduate Development Training (provides life &professional skills [including drivers licence, writing & communication skills, computer literacy, etc] to graduates to enhance their employability). • Utilise existing project management capacity to continue provide coordination & project management capacity for: • National Youth Service Programme; • FET Colleges Training programme; • 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 • Those skills programmes that arise from ASGI-SA

  7. Challenges • Consolidation of Audited Financial Statements • GAAP requires application of AC132 which stipulates the consolidation of underlying investments due to control (why control by UYF?). • Materiality level of UYF set at R700 000 due to small amount of assets under control and amount lent as at year end • To Address: • Adopting International Financial Reporting Standards (fair value reporting i.s.o consolidation)- IAS 28

  8. Challenges • Access to UYF services • 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: • Propose to set up UYF outlets • Outlets will also facilitate integration of services

  9. Plans 2005-2006 (highlights) • Support government’s 6% growth target focusing especially on the second economy (ASGI-SA) • Skills development & transfer • 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

  10. Plans 2005 - 2006 (highlights) • Business Development Support • Expand the Entrepreneurship Education project to more schools and provinces • Increase Entrepreneurship Education for out-of-school youth • Launch the Mentorship voucher product & reinstatement of the company registration voucher • Launch the Business Opportunities Support Service (linking youth to business opportunities)

  11. Plans 2005 - 2006 (highlights) • Enterprise Finance • Expand the Cooperative Programme both for production coops and savings coops • Franchise Cadet Programme (with Sanlam & Business Partners) • 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 • Enable scaling up of UYF programmes; and • Integration of UYF services.

  12. State of the Nation - POA • Registration of unemployed graduates completed and focus turns to finding employment opportunities. • As part of ASGI-SA to increase support to SMMEs with special focus on women and youth. Attention to ensure programmes are effective. • 100 New Youth Advisory Centres are to be established. • 10 000 youth to participate in the National Youth Service Programme & 5000 volunteers to be enlisted to provide mentoring support to vulnerable children. • Programmes aimed at skills development and business support of the youth will be closely monitored to ensure more support for the youth.

  13. State of the Nation - POA • Registration of unemployed graduates completed and focus turns to finding employment opportunities. • As part of ASGI-SA to increase support to SMMEs with special focus on women and youth. Attention to ensure programmes are effective. • 100 New Youth Advisory Centres are to be established. • 10 000 youth to participate in the National Youth Service Programme & 5000 volunteers to be enlisted to provide mentoring support to vulnerable children. • Programmes aimed at skills development and business support of the youth will be closely monitored to ensure more support for the youth.

  14. State of the Nation - POA • Registration of unemployed graduates completed and focus turns to finding employment opportunities. • As part of ASGI-SA to increase support to SMMEs with special focus on women and youth. Attention to ensure programmes are effective. • 100 New Youth Advisory Centres are to be established. • 10 000 youth to participate in the National Youth Service Programme & 5000 volunteers to be enlisted to provide mentoring support to vulnerable children. • Programmes aimed at skills development and business support of the youth will be closely monitored to ensure more support for the youth.

  15. State of the Nation - POA Based on 5 yr review following changes were adopted: • Major focus to be on linking youth to viable opportunities and facilitating exit opportunities (in skills programmes) and supporting self-employment; • Increase focus on market linkages to promote partnerships with government and the private sector; • Implement UYF interventions as Products and Services as opposed to Programmes and foster more internal integration; • Intervene directly as UYF and overtime only retain Service Providers in some of the areas where necessary; • Dominate and lead the enterprise micro finance arena; • Support Accelerated Shared Growth Initiative of South Africa (ASGI-SA); • Utilising UYF’s expertise to assist other organisations (including government departments) to implement youth development programmes using their own resources.

  16. Highlights 2006/7 • Contact Information & Counselling • 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 • Use of Unutilised Training Facilities (Research almost complete) • Increased intake into National Youth Service Programme • 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)

  17. Highlights 2006/7 • Business Development Support • Introduction of the Volunteer Mentorship Programme (with organised business formations) • Launch of Business Opportunity Support Service • Increased implementation of Youth-in-LED • Enterprise Finance • Implementation of two Public Public Partnerships with provincial governments • Northern Cape Fund – R15 million (for micro & small enterprises) • Free State Fund – R10 million (for micro & small enterprises) • Potential participation in a Womens Empowerment Fund • Integration of micro finance entities & entering into a partnership with an International Player

  18. Highlights 2006/7 • Support to ASGI-SA • Framework developed • Retail Network Management • Opening of the first UYF managed and operated Youth Advisory Centre

  19. Thank You unleashing the potential of youth

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