KZN Youth Empowerment Fund gets another R50 million injection
The provincial government says it will increase the KwaZulu-Natal Youth Empowerment Fund to R100 million from the initial R50 million.
This was announced by Premier Sihle Zikalala during the State of the Province Address in Pietermaritzburg on Thursday.
He said they are targeting youth who want to be job creators.
READ: 'Not all doom and gloom' for KZN economy - Zikalala
"We invite the private sector to support this initiative in order to grow entrepreneurship, drive innovation and create jobs. We look to these entrepreneurs and their creative ideas to grow our economy and reduce inequality, unemployment, and poverty."
R8.7 billion is being set aside to build and maintain road infrastructure in KZN.
ALSO READ: Zikalala says KZN yet to recover from July unrest
"Of this, R4.8 billion will go to the maintenance of existing infrastructure and R3.9 billion is allocated for construction of new projects, upgrade and other engineering work. This includes infrastructure damaged by the recent storms."
He says they have also secured new investments of R5.5 billion in various sectors with over 8 000 jobs.
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