- Advertisement -spot_img

Unemployed youth use stokvel payout to start business

- Advertisement -spot_img

Must read

Statistics paint a dreary picture of youth unemployment on the eve of Youth Month, but some are finding ways to beat the odds writes Katlego Sekwati

After being plagued by unemployment for years, Nqobile Nkosi decided to join a stokvel with the hope of raising money to start his own business.

After months of investing in the scheme Nkosi, 25, received a R15,000 return on his investment which he used to start an upholstery business in the Limpopo village of Elandskraal. The village is located in the Ephraim Mogale municipality.

Together with Patrick Kgaphola, 24, and Joe Chisale, 28, they now run Mapholoba and Joe Upholstery.

dav

They specialise in manufacturing furniture from scratch, carpet cleaning and they also cover car seats and couches. The company started in September 2016.

Nkosi says he decided to start the business because he was unemployed and couldn’t find a job and wasn’t lucky in getting apprenticeships.

You’ve reached your free article limit

Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.

Subscribe now

Need help? molokom@insidepolitic.co.za

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Inside Education E-edition August 2026

spot_img

Services Seta 2026

spot_img

CATHSSETTA

spot_img

AVBOB STEP 12

spot_img

Inside Metros G20 COJ Edition

spot_img

JOZI MY JOZI

spot_img

QCTO

spot_img

Latest article