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Daily Mint News

5 MINUTES WITH THE CEO OF THE NYDA WASEEM CARRIM

He is young and impressive, we spent some time with the CEO of the NYDA Waseem Carrim

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Waseem Carrim – NYDA CEO

5 MINS WITH THE CEO OF THE NYDA

  1. WHAT DOES THE ROLE OF CEO OF THE NYDA ENTAIL?

The CEO sets the strategy for the organization, what the NYDA needs to focus on, which programmes we plan to work on for the year. It’s very important that we look at the finances so we know how are we sitting when it comes to money spent and money received. A big part of my job is fundraising for money, you know that youth are a major demographic in South Africa, we have to try reach every young person one way or another so we can’t just sit on our heels and just accept our allocation from treasury we also try and raise additional funding so that we can fund more entrepreneurs and also put more young people into jobs. Therefore, networking and signing partnership agreements is a big part of what we do.

  1. WHERE WOULD YOU LIKE TO SEE THE NYDA IN THE NEXT 5 YEARS?

Youth as a demographic keeps increasing, we need more funding for young entrepreneurs. If we could take our grant fund and in five years-time increase it by 500% that would be a measure of success, if we could take our jobs numbers from 25000 to 100 000 or 200 000 that would be a measure of success. But really, we want to see the youth unemployment rate drop, normally every quarter it stays stagnant or increases a little so we really would like to see it go down with a collective approach.

  1. WHAT PROGRAMMES DO YOU HAVE IN PLACE FOR YOUNG PEOPLE FOR 2019?

At the NYDA our focus is on 3 things:

  • Youth entrepreneurship – develop finance, market linkages, we do training and mentorship
  • Jobs – We also focused on getting young people jobs, getting your first job makes you economically active, getting them their first job plays a huge role in their lives.
  • Youth Service – A lot of young people don’t have the social capital or network to able to build themselves up, so youth service allows young people the opportunity to do volunteer work, to build them up and give them the confidence to move from being a learner to being an earner.
  1. WHAT ADVICE DO YOU HAVE FOR THE YOUTH OF SOUTH AFRICA?

Don’t be afraid to fail, start-ups by their nature are very challenging. You will make mistakes along the way but that should not stop you from continuing your entrepreneurship journey. That’s why we have organizations like the NYDA and SEDA which are there to support small business and young people shouldn’t be afraid of approaching these organizations for help and advice. Entrepreneurship is a journey, what many people don’t see is that the businesses that are successful now took five or ten years to get to where they are, it won’t happen over-night or take one or two years to get there especially if you want something successful and sustainable

  1. SOUTH AFRICA YOUTH AWARDS ARE COMING UP, WHICH AWARD EXCITES YOU THE MOST AND WHY? HOW DO PEOPLE ENTER?

Science, technology and innovation excites me, I do believe we are behind the rest of the world in this area, however I do think there are young people doing amazing things in this category. I would like to profile what young people are doing in that space. I am not supposed to have a favorite category so they are all important to me.

People can apply for the awards through the NYDA website or they could visit any 1 of our 21 service centers, fill in form and drop it off there

  1. ONE QUOTE THAT YOU LIVE BY?

“The pain of discipline is much better than the pain of regret.”

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