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Beneficiary of the week: Klaasm Trading Enterprise (PTY) LTD

The 23-year-old Olu Sifiso Klaas from Ashton in the Western Cape Province is the founder of Klaasm Trading Enterprise (PTY) LTD, a manufacturing and repairing company that currently employs 7 people on a full-time basis and, 3 temporarily.

The young aspiring entrepreneur learnt about the NYDA on the internet when he was searching for possible funding institutions that would assist his business. After reading about the agency, Olu approached the NYDA Cape Town branch for further information on how he could be supported.
The branch enrolled him on the Business Management Training, which he completed successfully and was eligible to apply for the Grant Funding. The NYDA assisted Klaasm Trading Enterprise (PTY) LTD with financial support to the value of R50 000 to buy material and working equipment.
The Western Cape-based young entrepreneur would like to decrease the statistics of youth unemployment in South Africa and contribute to boosting the country’s economy. He aims to expand his business into other provinces as well as operate outside of South Africa.
“To young people, let us chase our dreams. Do something today, that your future self will thank you for,” said Olu.