IDC to give R4.5bn to boost youth entrepreneurship

The Industrial Development Corporation (IDC) will be making available R4.5 billion over the next three years to help tackle the “ticking time bomb” that is youth unemployment.

IDC CEO Geoffrey Qhena has placed youth participation in the economy at the centre of the development finance institution’s strategies and actions.

“What is urgently needed is a concerted, sustained effort to create an environment that produces jobs, allows young people to acquire skills and allows them to branch out on their own through entrepreneurship,” he said.