What are the four functions of funding agencies for entrepreneurship and doing business in south Africa
Answers
South African government subsidizing and grants are centered around giving financing fore business adventures that can have any kind of effect to the economy :
- Dept. of Trade & Industry .
- National Empowerment Fund .
- National Youth Development Agency (NYDA) .
- Industrial Development Corporation (IDC) .
Functions are:
1) The NEF gives reserve / fund to recently impeded people and networks to support their new businesses.
2) The NYDA gives venture assets to youthful entrepreneurs aged in the range of 18 and 35 years.
3) The Isivande Women's Fund gives subsidize / fund only to ladies to enable them with existing business.
4) The DTI gives reserve to qualifying organizations from different areas.
Funding agencies in South Africa always provides equal chance to the entrepreneurship to let them doing business accordingly.
This is so far carried out with different country and it is based on the four functions of the funding agencies. the national empowerment fund provides fund to previously disadvantages individuals, national youth development agency, Isivande women fund, department of trade and industry.