Young entrepreneurs do business at Sibaya

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Young entrepreneurs do business at Sibaya

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Phoenix Durban

Aspiring young entrepreneurs who benefited from the initiative.

Sibaya’s Sun Park was a hive of activity recently as over 120 aspiring young entrepreneurs, aged between seven and 17, gathered to sell an array of handcrafted goods.
The event, made possible through the collaboration of the Young Entrepreneurs Foundation Trust and the Sibaya Community Trust, was the culmination of 30 weeks of entrepreneurial learning and enrichment for the young entrepreneurs.
All of the participants, at the Young Entrepreneurs Market Day, at Sibaya successfully completed a 15 week training and development course in entrepreneurship and a further 15 week course in financial literacy.
The pupils attended classes for an hour each week at participating schools in Phoenix, Waterloo, Tongaat and KwaMashu.
The classes were hosted by Young Entrepreneurs’ accredited facilitators. Sibaya Community Trust helped to fund the pilot programme to uplift previously disadvantaged young people in eThekwini at a cost of R300, 000.
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“Enhancing the quality of education in KwaZulu-Natal is the key focus of our corporate social investment efforts. Certainly education and entrepreneurship go hand in hand. We believe that nurturing and developing entrepreneurial skills among the youth will not only complement the work they cover in school, but it can also be seen as part of the solution to unemployment. We are proud to have been part of bringing the programme to fruition in our region and the market day, where we got to see the children doing business, was all the return on investment we needed,” said Thabile Lusanda Kojane, CSI co-ordinator of Sibaya Community Trust.
Young Entrepreneurs teach children vital entrepreneurial and financial literacy skills and helps them start and grow their own micro-enterprises in a fun and experiential way.
The programmes encourage entrepreneurial thinking and spark the entrepreneurial spirit in young people.
The programmes use play and a collection of fun interactive, multi-media minds-on and hands-on activities, games, simulations, videos and online applications to teach young people business principles.
By participating in a Young Entrepreneurs programme, children are introduced to business as a tool for doing well and driving socio-economic change.
They also develop interpersonal skills and learn how to work as a team as their motivation, confidence and resilience grows.
“Children participating in a Young Entrepreneurs programme will gain valuable business, life and financial literacy skills because we expose them to business principles and allow them to ‘experience’ business and money. The vision of our partnership with the Sibaya Trust is to see our pupils become contributing members to society through entrepreneurial ventures and live according to sound financial and money management principles,” said Gregory Chithrai from the Young Entrepreneurs Foundation Trust.

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