NYDA Business Funding

With NYDA Business Funding, the grant programme aims to benefit a total of 500 South African youth-owned enterprises with financing and give thousands of more access to non-financial business support services. Financial support starts from R1000 and goes up to R100 000.

NYDA Grant Programme

The NYDA Grant Programme is designed to provide young entrepreneurs with an opportunity to access both financial and non- financial business development support in order to enable them to establish or grow their businesses.

The programme focuses on youth entrepreneurs who are at intentional, promising and new stages of enterprise development. Young people whose business ideas qualify for the Grant Programme, depending on their individual needs, will also undergo some of the NYDA’s non- financial support services, including:

• Mentorship

• Business Consultancy Services

• Market Linkages

• Business Management Training Programme

• Youth Co-operative Development Programme

• Individuals or Enterprises which require funding less than a R1000 or more than R200 000 (for agriculture and technology related projects the maximum funding value is R250,000.00).

• Partial funding, co-funding or funding towards a deposit for a loan from another lending establishment;

• Where an application is made by current NYDA staff members, Board Committee Members or Member of the Accounting Authority;

• Pyramid Sales Schemes.

• Fall within the gambling, gaming with a chance at making money, pyramid sales scheme, loan shark or sex industries (prostitution), and/or operates illegal activities.

• Businesses or shareholders of businesses that are still owing the NYDA through loan funding.

• Businesses or shareholders of businesses that received NYDA SME loan funding.

• Businesses or shareholders of businesses that had their loans written off by NYDA.

• Businesses that have an annual turnover exceeding R750,000.00 except for cooperatives whose annual  turnover must not exceed R1000,000.00

• Second hand equipment, except for industrial equipment with a minimum balance lifespan of five years;

• Tobacco as a primary income generator;

• Alcohol as a primary income generator;

• Are investment trusts or venture capital / private equity funds;

• Require finance to substitute an existing financier;

• An individual or business shall not receive a cumulative grant amount above R200 000 from NYDA during their lifetime except for cooperatives (for agriculture and technology related projects the maximum cumulative value is R250,000.00).

• A member of a business or cooperative enterprise who resigns from the business or cooperative can only apply for grant funding after two years from the date of resignation from the business that has been funded by the NYDA in the past from the grant programme.

• Require funding for prototyping except for cell phone application development.

• Require seed capital for research and development;

• Require funding for patent registration.

• Require funding to purchase exclusive business/distribution rights

• Shareholders/members are natural persons who lack contractual capacity by virtue of:

— being of unsound mind;

— Have a record of fraud and/or corruption except for youth in conflict with the law who have been rehabilitated;

— Where the owner/applicant is an un-rehabilitated insolvent;

— Where the owner/applicant is attending high school other than tertiary institutions;

• NYDA shall not provide grant funding for vehicles

• The grant recipient shall not use NYDA funds to do the following:

• To pay a bribe;

• Re-finance any existing loans;

• Any material purpose not contained in the application for grant or defined during due diligence stage and detailed in the approved Terms & Conditions, unless where written approval has been granted by NYDA;

• To settle overdue or outstanding South African Revenue Service liabilities, whether current on non-current.

• NYDA will not provide grant funding to a client that has benefited from another Development Finance Institution to an amount above R500,000.00.

• NYDA will not provide a grant to an applicant who has  been convicted of fraud.

Utilisation of the Grant Funding

The grant can be utilised for the following:

• To purchase movable and immovable assets.

• Bridging finance.

• Shop renovations.

• Working capital paid directly to the grantee.

• Co-funding with legal entities only.

Grant types

Grants will be granted to the following:

• Individuals

• Co-operatives

•  Community Development Facilitation Projects

Service Delivery Standards

• The grant applications will be processed at a branch within 30 working days

• Disbursement for approved will be processed at the Head Office within 30 working days

Credit Checks

• The NYDA shall conduct credit checks for all grant applications for funding.

• A grant applicant who is under debt administration shall not be considered for funding.

Branch Grant Approval and Review Committee (BGARC) Decision

• The decision of BGARC are final and binding on the applicant

•  The applicant cannot appeal the decision of the BGARC, however they can re-apply for grant funding.

Overview of Public Universities in South Africa

Here's an overview of some public universities in South Africa, including general admissions requirements and estimated application periods. Keep in mind, specific program requirements and dates can vary significantly, so it's important to check each university's official website for the most current information.

University of Pretoria

  • Admissions Requirements: National Senior Certificate with minimum scores in specific subjects related to the chosen program; for international students, equivalent qualifications.
  • Application Period: Usually opens in March and closes at the end of July for most programs.

University of Cape Town

  • Admissions Requirements: National Senior Certificate with pass levels required for degree study; subject-specific requirements depending on the program.
  • Application Period: Application opens in April and closes at the end of July.

Stellenbosch University

  • Admissions Requirements: National Senior Certificate with required marks; some programs have additional testing.
  • Application Period: Opens in March and typically closes at the end of June.

University of the Witwatersrand

  • Admissions Requirements: Matriculation certificate with university exemption; required scores vary by faculty.
  • Application Period: Begins in March and ends on the 30th of September.

University of Johannesburg

  • Admissions Requirements: Matric exemption with a minimum APS score; specific subject requirements based on the faculty.
  • Application Period: Opens in April and generally closes by the 30th of September.

University of the Free State

  • Admissions Requirements: National Senior Certificate with specific marks for the program applied to; additional requirements for certain courses.
  • Application Period: Typically opens in April and closes at the end of August.

University of Venda

  • Admissions Requirements: Completion of the National Senior Certificate with an endorsement for diploma or degree studies; specific APS scores needed.
  • Application Period: Usually from May to September.

University of Fort Hare

  • Admissions Requirements: National Senior Certificate with university exemption; certain programs may have specific requirements.
  • Application Period: Opens around May and closes at the end of September.

University of the Western Cape

  • Admissions Requirements: National Senior Certificate with specific performance levels; additional requirements for certain programs.
  • Application Period: Generally from May to September.

North-West University

  • Admissions Requirements: National Senior Certificate with university exemption; program-specific requirements may apply.
  • Application Period: Opens in March and usually closes by the end of August.

Rhodes University

  • Admissions Requirements: National Senior Certificate or equivalent; minimum academic performance in certain subjects.
  • Application Period: Applications open in April and close at the end of September.

Nelson Mandela University

  • Admissions Requirements: National Senior Certificate with required scores for chosen programs; portfolio or additional tests for some faculties.
  • Application Period: Opens in April, with a deadline at the end of August for most programs.

Cape Peninsula University of Technology

  • Admissions Requirements: National Senior Certificate with specific scores; additional requirements for certain courses.
  • Application Period: Opens in May and typically closes by the end of September.

University of Limpopo

  • Admissions Requirements: Senior Certificate with endorsement for diploma or degree courses; specific APS scores for different programs.
  • Application Period: From April to September.

University of Zululand

  • Admissions Requirements: National Senior Certificate with an endorsement for bachelor’s degree studies; specific score requirements for various programs.
  • Application Period: Usually between April and November.

Central University of Technology

  • Admissions Requirements: National Senior Certificate with specific scores for the chosen field of study; additional criteria for certain programs.
  • Application Period: Application period generally starts in May and ends in October.

Vaal University of Technology

  • Admissions Requirements: National Senior Certificate with a pass that qualifies for admission to bachelor’s degree, diploma, or higher certificate programs.
  • Application Period: Typically from May to September.

Walter Sisulu University

  • Admissions Requirements: National Senior Certificate with required scores for chosen programs; additional criteria for certain faculties.
  • Application Period: From April to September.

This list provides a starting point for understanding the admissions landscape across South Africa's diverse higher education institutions. Given the variability in programs and requirements, it's crucial to consult each university's website for the most accurate and up-to-date information.

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