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Empowering youth to turn into successful entrepreneurs delivers a multiplier impact, with sustainable SMMEs creating jobs for other unemployed youth. This in turn additionally contributes to Setas with their levies, enabling additional support of small companies.
CEO Yershen Pillay

CHIETA’s expertise underpins the strong premise that entrepreneurship is undeniably one of the key means at our disposal to dramatically increase job creation amongst our nation’s youth. With our rampant unemployment numbers, significantly among young individuals, which Stats SA positioned at 66.5% earlier this year, and which was reported as the very best in the world by tradingeconomics.com in December 2021, the need to tackle this reality is urgent.
We know that there is not any silver bullet to deal with this disaster, but we additionally recognise that complete abilities development for younger would-be entrepreneurs should be an important a part of the country’s efforts to create jobs for youth.
The OECD (Organisation for Economic Cooperation and Development), which represents 38 countries including South Africa, published an article in late last 12 months which highlighted the worldwide disconnect between younger people’s aspirations to be entrepreneurs and the truth.
The article stated, “Young individuals present a excessive level of interest in entrepreneurship. Overall, about 45% of young individuals report that they would like to work as an entrepreneur somewhat than an employee, and 41% assume it will be feasible.
“However, few young individuals are actively engaged on start-ups or managing companies. Only about 8% of individuals aged 18 to 30 years in OECD countries had been doing so between 2016 and 2020. The gap is sort of a drop-off from the proportion who point out a desire to be an entrepreneur, suggesting that there’s substantial untapped entrepreneurial potential among youth.”

diaphragm seal is strictly the scenario that’s driving CHIETA’s Vision 2025, which goals to help 2 000 SMMEs and 200 start-ups by 2025 with wide-ranging abilities growth and monetary investment. By the end of this year, CHIETA might be a few third of the way in which to attaining this aim. In 2021 we supported a hundred twenty five entrepreneurs and by the end of this year we shall be equipping a further 500 for profitable small enterprise growth.
This multipronged technique is producing job creators somewhat than job seekers, and we are working with larger training establishments and other partners to ensure the entrepreneurs-in-the-making will be enabled by way of wide-ranging abilities development, financial help, and entry to market linkages.
CHIETA has an allocated price range of R20 million for small business assist inside the chemical industries sector in our 2022-2023 financial yr. This will help in delivering coaching in entrepreneurial abilities, incubation programmes, learnerships, bursaries, adult training and training, and other initiatives that contribute general to small business growth, all of which might be fastidiously monitored and evaluated all through the period of the programmes to ensure success and sustainability.
This goes some way in the path of offsetting the strong non-entrepreneurial tradition in South Africa and as a substitute instilling an entrepreneurial mindset inside the ranks of our youth and, working with large-scale enterprises, throughout the provision chain.
Clearly although, CHIETA’s mandate is restricted to the chemical industries sector. It behoves organisations and industries all through the country to recognise the impactful benefits of entrepreneurial and SMME growth to the nation. These benefits embody job creation, a lift in productivity and wholesome competition as small businesses typically enter markets with decrease costs, new market development, a rise in nationwide earnings, and the introduction of new and innovative merchandise, companies, and technologies.
As we move into Youth Month, we can choose to rejoice it with an unequivocal dedication to constructing a strong cohort of younger entrepreneurs and SMMES in South Africa, for the good of the economic and social improvement of South Africa.
“The youth must be enabled to become job turbines from job seekers.” APJ Abdul Kalam

For more details about CHIETA, visit www.chieta.org.za

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