For a period of three months

This fund is targeted at youth-owned businesses that meet the following criteria:

• The youth owned enterprise must have been existing and operating for a period of six (6) months prior to the lockdown. Proof of this must be submitted in a form of management accounts (i.e. invoices, orders, etc.)
• The youth owned enterprises must be able to provide financial statements for three (3) months before the lockdown and statements during the lockdown.
• The youth owned enterprise must submit CIPC registration documents except for informal businesses
• The youth owned enterprise must provide proof of banking details that is not older than six (6) months
• Demonstrate how the enterprise has been impacted by COVID-19
• The relief fund will cover operational costs only
• The relief fund will be capped at a maximum of R10,000.00 per youth owned enterprise and this will be a once-off amount
• The application period is from 20 April up to 30 May 2020

The applicant must provide evidence of the following: 

• The enterprise is owned by youth between the age of 18 to 35 years
• The owners are South African citizens
• They are residing in South Africa
• The business operates within the borders of South Africa