This public-private partnership, a hallmark of YES (the Youth Employment Service) operations, promises to bear exciting and impactful outcomes with the two organisations finding common ground in their mandates and objectives for South Africa’s youth and achieving this through innovative, technology driven models and new thinking on local economic development.
The DBSA exists to transform the sub-continent and defines its purpose as “building Africa’s prosperity”. This resonates with the Youth Employment Service, which exists to push youth employability and youth jobs in South Africa. The DBSA has historically targeted infrastructure for development and YES is acutely aware that to create local jobs in marginalised high unemployment communities such as Bushbuckridge, particular infrastructure is very necessary.
The organisations will partner in the development of youth precincts modelled on the YES Hub concepts and value chain thinking supported by the World Bank, the Swiss Development Agency (SECO) and other best practice partners locally and globally. Elements of this model can be viewed at the Tembisa Kago Hub and soon to be launched Hubs in Bushbuckridge, Alexandra Township and townships in the Western Cape and Kwa-Zulu Natal.
YES has been crowding in private sector, enterprise development and grant funding to create opportunities for youth where they would not otherwise have existed which makes the collaboration sensible and powerful, each party is able to have significant growth in impact by pooling know-how, other partners, funding and resources.
The hubs aim to foster new centres of economic activity and growth within disadvantaged communities through developing economic value chains, market access to attract, create and retain economic value within the communities themselves.
Carey Jooste of the DBSA commented, “The DBSA found common ground seeing a method to create new pathways for youth to become skilled and productive economic participants by overlapping their infrastructural plans nationwide with the YES pattern of township, peri-urban and rural locations of the hubs.
Ismail-Saville, YES CEO explained: “In thinking about how we would reach the jobs numbers we need as a country, there was no ignoring the sore lack of accessible community level opportunities for skilling and employment for local youth. Cultural, geographic and educational distance to the centres of the economy are just too wide for young people without tertiary or even matric to traverse. The system simply does not cater to their needs, and they are the majority”.
The DBSA-YES partnership will focus on several key areas:
- The delivery of digital skills and programmes ranging from online courses through Udemy to virtual reality jobs training and extending into software and web development, digital marketing and other 4IR relevant courses;
- The creation of opportunities for young women and specifically young women in the digital space;
- Micro-manufacturing facilities for local sanitary pad production and distribution by local youth
- Small business support in construction and green energy sectors
- The rollout of hubs through leveraging the DBSA’s pedigree and expertise in infrastructure development, and
- The creation of hub precincts, which creates a safe and common space for other partners in youth development to share in the resources and offer youth a wider selection of programmes such as Naspers R-Labs, Safe-Hub sport and mentoring programmes and other partner programmes from digital collaborators IBM, Google, Microsoft and a range of corporate investors such as Nedbank.
DBSA Chief Executive Officer Patrick Dlamini adds, “The DBSA has a rich heritage of supporting economic and social development through investing in infrastructure. We are very proud to be able to join hands with the YES initiative to equip our country’s youth to become dynamic, productive participants in the economy.”
“Not only does this mean that the youth themselves are afforded the opportunity to gain access to new employment and skills development opportunities, but the South African economy benefits through overall economic growth and reduced fiscal strain,” he says.
Note to Editors:
About the Development Bank of Southern Africa
The DBSA established in 1983, is a Development Finance Institution (DFI) wholly owned by the Government of the Republic of South Africa, and reports into the Ministry of Finance. The vision of the DBSA is to facilitate the creation of a prosperous and integrated resource-efficient region, progressively free of poverty and dependence. Its mission is to support regional integration and economic growth through investment in economic infrastructure and to improve the quality of life of people through the development of social infrastructure. The DBSA aims to advance its development impact on the African continent by expanding access to development finance thus effectively integrating and implementing sustainable development solutions.
The DBSA participates across the entire infrastructure value chain inclusive of the planning, project preparation, financing and implementation stages. Visit www.dbsa.org
For further information contact: DBSA Media Relations
Head of Communications and Marketingsebolelom@dbsa.org
(011) 313 3716
Or DBSA CommunicationsDBSA@dbsa.org