The City Of Ekurhuleni will today unveil plans for its R2.9-billion Youth Empowerment Fund at the Ekurhuleni Mayoral Youth Indaba at the Lakes Hotel and Conference Centre, in Benoni.
In March, Clr Mondli Gungubele announced that as of July 1, R2.9-b of procurement value will be ring-fenced for businesses owned by the youth, women and people with disabilities, black industrialists, and community job creation initiatives.
At least 1 190 youth-owned businesses are set to benefit from the programme.
Gungubele will also unveil the roll-out of the Vukuphile Expanded Public Works Programme phase three programme in the City.
In the past three years, Ekurhuleni has developed 20 learner contractors in the construction industry through the incubation programme. This group has now graduated and each company has implemented projects to the tune of at least R7-million each.
