What does the nyda do?

What is NYDA all about?

The National Youth Development Agency provides financial and non-financial support to young entrepreneurs so that they can grow their businesses. This is made possible through their grant program, which we shall discuss in detail.

It takes more than money for a business to succeed, and that is why the agency also offers support services like NYDA mentorship, market linkage, Business Management Training Programmes, among others. This is the official NYDA logo

Image: instagram.com, @nyda_insta
Source: Instagram

NYDA Business funding

They provide three types of funding: partial, cofounding, and financing for a loan deposit from a legal lending institution.

They do not fund in the following circumstances:

  • Companies with an annual turnover of more than R750,000 and cooperatives with a yearly turnover of over R1,000,000 can not be beneficiaries of the grant.
  • The National Youth Development Agency staff and board members are not eligible.
  • They do not fund pyramid schemes and other illegal businesses.
  • If the applicant has been convicted of fraud, they can not be approved.
  • If the primary source of income is tobacco, alcohol, or gambling, they will not finance your business.
  • Seed funding for research and development is not allowed unless it is for mobile application prototypes.

How much can I receive from the NYDA?

They provide funding ranging from R1,000 to R200,000.

Image: instagram.com, @nyda_insta
Source: Instagram

The grants are divided into four categories depending on the stage that the business is in.

  • Threshold 1- R1,000 to R10,000. Idea generation and survivalists (startups).
  • Threshold 2- R10,001 to R50,000. Startups PTY and cooperatives.
  • Threshold 3- R50,001 to R100,000. Growth stage PTY and cooperatives.
  • Threshold 4- R100,000 to R200,000. Expansion stage PTY and cooperatives.

For agricultural and technology-related businesses in threshold 4, their maximum grant is R250,000 because they are more capital intensive.

How can the grant money be used?

It can be used for buying assets, bridging finance, renovating a shop, or paying working capital to a grantee.
R

The NYDA grants should not be used for paying bribes, buying vehicles, refinancing existing loans, or settling overdue South Africa Revenue Services liabilities.


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.