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Umsobomvu Youth Fund: Empowering Youth for Economic Growth

Learn about the history, policies, and programs of the Umsobomvu Youth Fund, a government initiative to support youth employment, skills development, and entrepreneurship. Discover how the fund aims to enhance the quality of life for young people and promote their active participation in the economy.

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Umsobomvu Youth Fund: Empowering Youth for Economic Growth

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  1. Presentation to Joint Committee on the Improvement of Quality of Life and Status of Youth and Disabled Persons Umsobomvu Youth Fund Friday, 28 February 2003

  2. Feb 1998 Budget Speech - Minister of Finance announces a levy on the demutualisation proceeds establish the UYF Sep 1998 Government Gazette - Demutualisation Act Oct 1999 Monies are transferred from SARS to the Umsobomvu Youth Fund account and placed a deposit with CPD Oct 1999 National Treasury begins the process of appointing the Board of Directors Nov 1999 Articles of Association drafted Jan 2000 Board of Directors appointed Feb 2000 Board of Directors meet for the first time Mar 2000 Board begins the process of appointing the CEO History

  3. Jul 2000 Government Gazette amending the Demutualisation Act to exempt the UYF from income tax Aug 2000 Consultative Forum Dec 2000 CEO and COO are appointed Jan 2001 Strategic planning session between the Directors and Management to establish four key result areas for the UYF Mar 2001 Bankers, auditors and asset consultant are appointed Mar 2001 Work commenced on the internal structure, policies, procedures and systems to administer the UYF Mar 2001 Board of Directors approve the focus areas of the UYF Apr 2001 Recruitment process to fill 10 strategic posts begins History

  4. Young people today • Lack of skills that are in demand (both technical and life skills); • Few employment opportunities in a slow economic growth environment. Despite large number of vacancies, the no of unemployed is still high • Lack of access to finance for study and business purposes • Lack of access to valuable economic information and counselling support regarding employment/ self-employment; and • Access to basic health services and awareness regarding healthy living

  5. Strategic guiding principles • Government’s mandate • Create a platform for job creation and skills development transfer for youth • Strategic guiding principles • Vision: “To enhance the active participation of youth in the mainstream economy” • Mission: “To facilitate and promote the creation of jobs and the development of skills for the South African Youth” Policy

  6. Strategic guiding principles • Key Performance Areas • Skills development • Job creation • Prudent resource management • Communication of information • Core competencies • Co-ordinating ability • Access to networks and resources • Being a catalyst for youth development Policy

  7. Target group • 18 - 35 years • Predominantly out of school • Catering for different cohorts • Skilled/ unskilled • Rural/ peri-urban • Women • Disabled • Hiv / Aids • Not to duplicate the education’s sphere

  8. Umsobomvu Employment Programmes Division Youth Entrepreneurship Division • Capacity Building, Research, Evaluation, Education & Training Unit • Finance, Administration & IT Unit • Communication Unit • Human Resources Unit Support Business Units The structure of UYF

  9. Employment Programmes Division Contact, Information and Counseling School To Work Community Youth Service Youth Line Career Development Building & Construction Youth Portal Bridging Programmes Home-based Care Youth Advisory Centres Agriculture & Conservation Youth employment programmes

  10. Contact, Information & counseling Radio & TV

  11. Youth Entrepreneurship Funding Business Development Services* Micro Finance Entrepreneur support SME Finance Enterprise support Youth entrepreneurship programmes * Support provided using voucher scheme

  12. Provide a platform to acquire skills Enhance employability Provide information & counselling Provide support for self -employment The model informing our focus

  13. For effective practice • Intergrated approach to youth development • There is no single model • Leverage resources through collaboration • Provide extended service: Support & follow-up • Hire and develop quality staff • Adult support and structure • Commit to continuous improvement • Treat youth as a resource • Make use of work (including community service) Policy

  14. Investment philosophies • Always have a policy of diversifying its exposure by syndicating projects with other funders/donors and by forming linkages; • Neither be a tag along or a Fund for departments nor should it aim to displace existing programmes; • Each project must specify outcome measures for on-going monitoring and evaluation; • Pursue a strategic (narrow) focus in order to achieve sustainable impact; • Endeavour to attain national coverage; and • Not intending to build a huge bureaucracy. Policy

  15. Support Service Providers e.g. - Auditors - Treasury - Research - IT - Consultants UYF - Finance - Management - Board - Committees - Monitoring & evaluation Core Functions Service Providers & Partners - NGOs & CBOs - Academic institutions - Private sector - DFIs - Government - Labour Focus Areas -Contact, info, counselling -Skills dev.& transfer -Entrepreneur support How UYF will function

  16. Promises • Presented May 2001 • R123 m to R172 m per annum • Implementation of focus areas as described • Building of instituional capacity

  17. How UYF has / will evolve (phase 1)

  18. How UYF has / will evolve (phase 2)

  19. Targets: Youth employment programmes

  20. Targets: Youth entrepreneurship

  21. Programme Funds Committed Funds Approved Youth Advisory Centre 60,213,343 22,625,493 Call Centre 1,010,640 1,010,640 Internet Portal 5,612,000 5,612,000 School to Work 89,904,711 31,185,847 Youth Service 35,437,553 24,691,370 Business Development Services 8,800,000 8,800,000 Enterprise Funding 254,616,931 254,616,931 Research and Development 1,866,086 1,866,086 Communications 3,877,815 3,877,815 TOTAL 461,339,079 354,286,182 How much?

  22. Challenges • Capacity • Govt. support (line managers) • Private sector support • Funding not sufficient • NGOs/CBOs (institutional and individual capacity) • Policy & strategy • Consensus (e.g. with organised labour) • Co-ordination(Intergrated youth, rural, H.R. develoment) Policy

  23. Challenges • Information • Access to right channels • Alternative channels of communication • Youth • Participation • “Unrealistic” expectations • Lack of capacity amongst youth structures • Risk management • Monitoring and evaluation Policy

  24. Key milestones • Integrated Sustainable Youth Economic Participation Programme linking with other developmental projects using the experience • Public works • Skills Projects with DoL and Setas • Youth diversion • Youth Service Policy

  25. Key milestones • Youth Service • Infrastructure to manage project and volunteer based projects • Mainstream micro finance (Systems, etc) • Provincial coordination • Youth Card Policy

  26. Sustainability • Good and effective practice (management) • Focused approach - not everything to every one • Form linkages (e.g. National Skills Fund) • Donor funding • Government’s on-going funding • Youth entrepreneurship

  27. Thank you

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