The National Youth Development Agency (NYDA)
The country is ushering in a new era in youth development with the launch of the National Youth Development Agency (NYDA), a South African youth development agency resulting from the merger of the National Youth Commission (NYC) and Umsobomvu Youth Fund (UYF). NYDA was established for two primary reasons. Firstly, it is aimed at consolidating various youth government structures into one entity. Therefore, the NYDA will be operational at national, provincial and local government level and thus improve coordination.
Secondly, the NYDA Act provides a regulated mechanism that can be used to implement youth development programmes based on agreed policy. UYF existed outside an act of Parliament and therefore had no regulated mandate. This made access to resources unpredictable. With the Act, the NYDA will be able to access resources on a sustainable basis and therefore take programmes to scale.
UYF was established in January 2001 with the R855 million generated from the demutualisation of Sanlam and Old Mutual. UYF’s mandate was to create a platform for skills development and job creation for the South African youth between the ages of 18 and 35 and entrepreneurship support for women of all ages. UYF made strategic investments that facilitated opportunities for young people to acquire skills, access job opportunities and pursue meaningful self-employment opportunities through various enterprise initiatives. UYF executed its mandate by focusing on three programmatic areas being; Information Provision, Skills Development and Transfer and Entrepreneurship programmes.
Some of UYF’s achievements include:
● Being a world-leading youth development agency in terms of its breadth of products and services, its holistic approach to addressing the needs of young people covering information and counseling, skills development and entrepreneurship.
● Training over 250 000 youth.
● Recruiting over 6 000 volunteers for the FIFA Confederations Cup South Africa 2009.
● Supporting over 110 000 youth entrepreneurs including advancing R637 million Enterprise Finance (loans & investments) and Business Development Support Services valued at R300 million through the Business Consultancy Services Voucher Programme.
● Leveraging approximately R2 billion from the Private Sector including R240 million from First National Bank, R100 million from Old Mutual, R25 million from Business Partners and from the Public Sector including the Expanded Public Works Programme and various SETAs.
● Creating a network of 121 Youth Advisory Centres visited by over 2,1 million youth.
● Being the First and only Development Funding Institution in South Africa to receive ISO 9001:2000 certification confirming our status as the World’s leading Youth Development Institution.
● Creating over 126 000 jobs.