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Ithala awards budding entrepreneurs
The Ithala Development Finance Corporation held its annual Inkunz'isematholeni Youth in Business Awards at the Elangeni Hotel on 24 November 2016. Ithala launched the project in 2014 as a way to address the unemployment rate by encouraging the young people to consider self-employment as a job option.
This year's winners included Martin Ngcobo from Pietermaritzburg who has developed a way of making instant firewood that once burnt is converted into charcoal and Nkululeko Khumalo from Glenwood, Durban, who has invented a local delivery and transportation bicycle called the 'Take Bike', which has three wheels and is powered by a battery which is charged by kinetic or solar energy.
