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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
Envisaged Plans for 2006
State of the Nation Address Programme of Action
Approved plans for 2006/7
The UYF Team
Mr M Kekana – Chief Executive Officer
Ms J Law – Chief Finance Officer
Mr M Ntlangeni – Director – Process Cycle
Management
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
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.
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
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
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
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
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)
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.
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.
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.
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.
State of the Nation - POABased 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.
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)
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
Highlights 2006/7 Support to ASGI-SA
Framework developed
Retail Network Management Opening of the first UYF managed and operated Youth
Advisory Centre
Thank You
unleashing the potential of youth